>> i'm proud to announce that tomorrow, 58 days in our administration, we'll have met my goal of administering 100 million shots to our fellow americans. that's weeks ahead of schedule. >> the president says eight weeks ago, only 8% of seniors had received a vaccination. today 65% of people age 65 or older have received one shot. 30% are fully vaccinated. he continues to believe there will be enough vaccine supply for every adult in america by the end of may. so the white house says that's part of the reason why it's finalizing plans of sending millions of doses to mexico and canada. that vaccine important to note is not approved for use here in the united states. >> our first priority remains vaccinating the u.s. population and ensuring our neighbors can contain the virus is a mission critical step. we have seven million release able doses of astra zeneca. we're working to finalize plans to lend them to mexico and 1.5 million to canada. >> so the bottom line, charles, president biden is saying that now is the time for optimism, but not relaxation. he's continuing to encourage all americans to keep wearing masks and keep social distancing. charles? >> kristin, thanks very much. now to our other big story we're following. that's tax hikes. more mixed signals coming from the white house and what will get hit and by how much. remember this? >> under my plan, if you make more than -- less than $400,000, i guarantee you're not going to pay more in taxes. you make less than $400,000, you're not going to pay a penny more in taxes. >> anybody making more than $400,000 will see a small to significant tax increase. you make less than $400,000, you won't see one single penny in additional federal tax. >> all right. that's what the president was saying before he was elected and just again, just yesterday. now the white house is saying hold holds with incomes of $200,000 could also be hit with higher tax. fears of higher taxes royaling the stock market today. it was up 200 points and now it's given back. the nasdaq taking a monster hit. let's go to blake burman with more on the fallout from this. blake? >> hi, charles. yeah, pretty clear message from president biden. if you make $400,000, you won't pay a penny more to uncle sam. however, the white house is now clarifying it saying that $400,000 threshold is 4 families. the white house press secretary jen psaki asked about it and tried to make the argument that it would only amount to a relatively small percentage of families across the country. >> when we're talking about people -- families making over $400,000 a year, it's a commitment that he talked about on the campaign trail. his interest is in ensuring that people pay their fair share, whether it's corporations on the highest income earners in our country. he believes that hard work should be rewarded and this is one of the areas where there's an opportunity to rebalance how our policies are currently. >> an opportunity to rebalance is how she put it. charles, which families might this impact? obviously salaries can vary year to year. this is irs data in 2018. you can see there's 717,000 families that filed tax returns that made between $400,000 and $600,000. so right up until that level. about the same amount over that $600,000 level. when you talk about right up to $400,000, you're talking about hundreds of thousands of families if the president gets his wish that this could impact. charles? >> blake, thanks very much. this is a proposed tax hike now going to hit a lot more people. this includes small businesses. just think about this. as we're starting to see the economy improve after all of the lockdowns. with me now former economic adviser under president obama, austan goolsbee. how concerned are you that this tax hike could slow things down as it's starting to pick up? >> i'm not too worried about that. i think he ran for president saying that he was going to raise the taxes exactly that he's proposing to raise. he won by ten million votes. i'm not surprised or worried. >> so you heard him say, i'm going to raise taxes on households making $400,000. i think part of that seven million vote margin you talking about, they heard him say he's going to raise taxes on individuals. this is bait and switch stuff, austan. >> i don't agree with that. >> you can't find a single bound bite where candidate biden said, you know what? we're going to raise taxes on households making more than $400,000. every time it was a individual -- >> you say that. that's not true. they released the specifics of the policy a document saying here's what his tax document would be in the campaign. it said -- >> on the campaign trail it never came out of his mouth. >> this is the way we measured it. when obama said 250,000, that's for people filing as families. the single people, the filing separately, the amount was lower. that's the way that we always quote the income cut off. >> all right. austan, as you getting set up for this segment, i'm going to play a series of sound bites that we shared with the audience and then get your opinion on it. >> under my plan, if you make more than -- less than $400,000, i guarantee you're not going to pay a penny more in taxes. you make less than $400,000, you're not going to pay a penny more in taxes. >> anybody making more than $400,000 will see a small to significant tax increase. if you make less than $400,000, you won't see one single penny in additional federal tax. >> all right. october 31. november 7, just yesterday. you know, again, i know this administration has some ambitious spending goals and is going to have a lot of deficit spending. taxes will go up. when you do this, you saw what happened with the stock market today. as soon as jen psaki talked about taxes during the conference today, her press conference today, the market imploded. i don't any the country is ready for this, nor psychologically certainly. or even potentially economically. we announced 770,000 new people on initial jobless claims today. the timing couldn't be worse. >> charles, the people that you're talking about have not had a recession. people making more than 400,000 a year, their employment is up from before the pandemic. their stock market wealth is massively higher than it was. they have not had a recession. so the argument that that will destroy the economy and the economy cannot handle it has been disproven. every time high income people's taxes went back to historic levels. i don't agree with your principle. >> the small business owner that files, who will file, you know, let's just say a plummer with a million dollar business, four or five trucks, you know, they're going to get hurt. these people will get hurt. >> it's not the million dollars of revenue, charles. a million dollars of profit. >> we know how they file their taxes. here's the thing, austan. when president trump's tax policy went into effect, one thing that we saw is blue collar wages went up. this is something i wanted to ask you about. >> totally not correct. >> okay. so from october -- >> wages were going up at a faster rate -- the wages were going up faster in the two years before the tax cuts than in the two years after the tax cuts. >> let me ask you. january 2009 when obama came into office, the wage growth was 3.7%. blue collar was 3.8%. your last month in office, december 2016, it cratered to 2.6% and 2.5%. we lad a 20-month run of year over year wages. what was beautiful about it, out of the 20 months, 18 of the months blue collar wages climbed faster than overall wages. the only reason i'm bringing this up -- >> i hate to tell you -- charles, 12 of those 18 months were before donald trump passed the tax cuts. so you're trying to a tribute increasing wage growth -- >> it came after the tax cuts, austan. >> it did not. >> so you're not concerned about hiking taxes, just as we're going to see a wave of inflation, as we still have 700,000 people a week filing for initial jobless claims? you don't think that will be detrimental to our economy? >> charles, i want the tax cuts to go to the working people and ordinary americans in this country. i think that high income people should have their rates go back to historic levels, what they were before donald trump was there, what joe biden said they were going to go back to when he ran for president. no, i don't think that will hurt the economy. i think if you take that money and invest it in ordinary americans, the way we're doing with this relief act and the way he's going to do in the acts to come, that will be stronger for the economy. it's certainly was stronger and more durable than when we have dummy opposite in the past. >> we'll see what happens. i hope you're right. history has suggested though that this will be a disaster. i hope you're right. thanks for coming on. as the border surge continues, texas republican senator john cornyn will lead a gop delegation to visit the southern border next week. what he hopes to find out and just one day after the biden administration levelled new sanctions against chinese and hong kong officials, high level talks have begun. they're underway right now. someone here who has really big concerns is next. retirement income is complicated. as your broker, i've solved it. that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. 1 in 2 kids is under hydrated. ♪ plant-powered creative roots gives kids the hydration they need, with the fruit flavors they love. and one gram of sugar. find creative roots in the kids' juice aisle. ♪ ♪ the chevy silverado trail boss. and one gram of sugar. when you have a two-inch lift. when you have goodyear duratrac tires. when you have rancho shocks and an integrated dual exhaust. when you have all that, the last thing you'll need... is a road. the chevy silverado trail boss. ready to off-road, right from the factory. cell phone repair. did you know liberty mutual customizes your car insurance so you only pay for what you need? just get a quote at libertymutual.com. really? i'll check that out. oh yeah. i think i might get a quote. not again! aah, come on rice. do your thing. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >> u.s. secretary of state anthony blinken arriving in alaska for the first round of high level talks during the biden administration. this comes as new sanctions are levelled for china against the hong kong crackdowns and china is promising retaliation. the read on these talks, kristen. how skeptical are you about this and why? >> the message coming is that they're really going to say in private to the chinese what they're saying in public, raise concerns about human rights and cyber attacks, raise concerns about the theft of intellectual property. if you look at what this administration has been up to diplomatically, a rerun of the obama biden administration, actually they're going to go soft on china. that this meeting is actually a prelude to a shift in policy that may involved things like a summit between jinping and president biden and remove the tariffs put on china to protect expert controls that limit the technology that goes to companies like huawei. may be up to something like that. >> kristin, we've seen the biden administration put up, show some muscle with china particularly when it comes to taiwan. they levelled the individuals with sanctions over the new laws governing hong kong elections. feels like they have stood up. sounds like you're suggesting that ultimately it's going to turn into another apology tour. is that what you're sensing? is this what is you're getting from the biden administration? >> it is. if you look a little deeper and you're absolutely right. biden did not on his first day in office for example, take away the section 301 tariffs that apply to about half of what we import to china. but what we're up to is frankly taking time to set the stage as they did at the beginning of the obama administration. this administration. so they go to japan, go to south korea. they go through the feeder of appearing to support our alliances. that's what hillary clinton did to start her tenure in 2009. in reality, if you look at what they do, they're going to shift to appeasing china. look at the other things that they have done. cancelling the keystone xl pipeline with canada, rejoining the paris climate agreement. trying to talk to the iranians about joining the flawed nuclear deal. they want to turn the clock back to 2015 and before. part of that is the view that as long as we engage china economically, things will go well for us. >> listen, corporate america is saying that already. they're pouring billions in there. nobody cares about the uighurs as they shake their fingers in america. what i'm curious about is an execution from the biden administration to say that they cannot get tough unless everyone is on board. that sounds like a cop-out. to your point, europe is indebted to china, right? they want the money. they're not growing to say anything. everybody is looking the other way as china's belligerence grows and grows. >> that's right. this is a problem. again, we saw this in the obama administration. they say that they want to work with allies. who are the allies? japan is the most important. they have a huge economy, a democracy. a great ally. taiwan because of their proximity. singapore perhaps. those are the front-line allies. what the administration has in mind is europe, paris, brussels, berlin. those countries at best will do nothing. >> let's stand shoulder to shoulder, the only nation that has stood up to china hover covid. kevin mccarthy has called to remover rick swalwell from the intelligence committee. this over alleged ties with a chinese spy. the house is expected to vote on this soon. how you think it's going to come out? >> you know, the democrats just voted in block. there seems to be just a very scarcity of moderates, reasonable people. it's unfair. anyone in the government that wasn't a congressman that wasn't friends with nancy pelosi would have their security clearance halted without question. if you were involved in a honey pot operation where chinese operatives were rowmaticly involved with you, even if there were extendating circumstances. even if it was a long time in the past. that's the way it is. the fact that a congressman on the intelligence committee with access to the most sensitive secrets that we have would get an exemption because he's powerful is disappointing. >> thanks, christian. always appreciate your expertise. we'll have the latest on the southwest tornadoes. and john kerry caught without a mask. just another example of officials saying do as i say, not as i do. next. ♪ ♪ we made usaa insurance for veterans like martin. when a hailstorm hit, he needed his insurance to get it done right, right away. usaa. what you're made of, we're made for. usaa usaa. what you're made of, we're made for. metastatic breast cancer is relentless, but i'm relentless every day. and having more days is possible with verzenio, proven to help you live significantly longer when taken with fulvestrant. verzenio + fulvestrant is for women with hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an anti-diarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include fatigue, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain and rapid breathing or heart rate, or if you are pregnant or nursing. every day matters. and i want more of them. ask your doctor about everyday verzenio. >> charles: white house jen psaki saying she may have flipped calling it a crisis. john cornyn has been calling it for weeks. that's coming up. ♪ ♪♪ ♪♪ ♪♪ comfort in the extreme. ♪♪ the lincoln family of luxury suvs. (naj) at fisher investments, we do things differently and other money managers don't understand why. ♪♪ (money manager) because our way works great for us! 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(naj) our fees are structured so we do better when you do better. at fisher investments we're clearly different. >> charles: the southeast hunkering down for more severe weather after tornadoes rip through several states. rick reichmuth is tracking it all. rick? >> charles, yeah, this is the early season for tornadoes. next couple months is really where the bulk of all tornado activity is and the severe weather across the u.s. we're getting into that right now. temperature-wise, you can see on the map here, we still have a little bit of space here for more severe weather. the cold air has settled in back behind this storm. that's one of the driving factors of the severe weather that we've seen. over 20 tornadoes. one tornado just today around the way cross, georgia area. one line of storms moving off parts of the southeast. storm prediction center has whittled down the severe threat a little bit. we had a moderate threat down. that has been lowered a bit or shrunk the size of the bulls eye of it. see the orange area where the hash marks are? that's where we stand a chance to see large tornadoes. so really no bad severe weather. one cell here that we're watching around the jacksonville, florida area and up to the north of that to north carolina, charlotte, to the north of charlotte. one strong storm. not tornado warning right now, which is good news. here's how the forecast shows through this. going to see the southern side of this, most of the storms moving offshore. i think you'll be in better shape. we still have severe weather across parts of north carolina, the northern part of south carolina, all the way until around the 10 or 11:00 time frame tonight. this is the time of season where you see the storms, especially across parts of the south, not as much across tornado ally, which is off to the west. behind this, we're clear for a little bit. i'll tell you about a week from now, looking potentially at the next batch of severe weather moving in across parts of the southeast. charles? >> charles: thanks, rick. to wear a mask or not to wear a mask after being vaccinated? that was the question and led to a heated exchange at today's senate hearing on covid-19. >> no, you've had the vaccine and wearing two markets. >> here we go with the theater. whoo. i'm gonna grow big and strong. yes, you are. i'm gonna get this place all clean. i'll give you a hand. and i'm gonna put lisa on crutches! wait, what? said she's gonna need crutches. she fell pretty hard. you might want to clean that up, girl. excuse us. when owning a small business gets real, progressive helps protect what you built with customizable coverage. -and i'm gonna -- -eh, eh, eh. -donny, no