your first, ash. ashley: personal computer. stuart: susan? >> phone. stuart: lauren? lauren: automobile. stuart: i say the phone. the telephone. which is it? there it is. >> good job. >> that makes sense. stuart: so good to be right every now and again. lauren: you remember. stuart: i was there. [laughter] alexander graham bell handed in the patent application on february 14, 1876. okay, hey, everybody, thanks for a great show. thanks for a great week. it's great to be back. i must say. i missed you all, and our viewer s. okay, i've still got 10 seconds to eat up here. >> you have time. stuart: the midnight thing was just a thing. lauren: you have two seconds. stuart: "varney" & company today "coast to coast" starts now! >> it's making me move out of my house. >> no, i don't feel safe.

i'd be a fool to say i felt safe >> i need help. i'm not ready for this. >> went there sunday and thought i was going to die and i'm curious of what i sucked in, is it going to kill me. >> the water we have tested comes back though good. >> really? no. we're not safe. >> please bring us help. please, you know? my biggest fear is this will be a forgotten town. we will be here as long as it takes. >> we need help. >> we do. we need president biden. we need fema. neil: fox on top of the palestine, ohio residents told up to hurry up and wait. fema denied request for disaster relief at least right now apparently because norfolk southern is the one picking up the bills or should be but not really picking up all that much right now so what happens now? we've got you covered with

wisconsin congressman who says some people should lose their job over this mess. some of his republican colleague s are thinking of one guy in particular. then, are we headed to a default this summer? i'm talking unable to pay our bills as soon as july? the congressional budget office says it is more likely than you think. cbo director phillip swagel on the math he says just doesn't add up and improves the odds of something bad going down. welcome, everybody i'm neil cavuto. let's get the latest from east palestine where you'll find lucas tomlinson. how do things looked to? reporter: neil, many residents we've spoken to already this morning voicing the same frustrations we just heard at the top of the show. ohio governor mike dewine wrap ped up a press conference where he explained why fema is not expected to come here to east palestine. >> fema is synonymous with disaster support.

they are most typically involved with disasters where there's tremendous home or property damage. tornadoes, flooding, hurricanes. that's why we do not expect that fema will come to aerosols. >> now just yesterday, neil, senator j. d. vance says he doesn't want to see the federal government support as much as he wants to see norfolk southern pay up and doesn't want to make the american taxpayer pay. now epa chief michael reagan as you see touring aerosols yesterday. he spoke to the community and observed water being tested. he now remembers the epa and community here. that massive train derailment took place exactly two weeks from today. some residents are now joining a class action lawsuit against the railway, norfolk southern, we just spoke to some people who say the railway has been giving out thousand dollar checks to anyone heroines who lives here and is in the zip code. it's being discovered an inconvenience fee but it does not bar anyone from bringing suit in the future, neil.

norfolk southern helped the epa test the air in over 500 hopes and paid out over $2 million total to residents but president biden' transportation secretary spoke yesterday. >> while this horrible situation has gotten particularly high amount of attention, there are roughly 1,000 cases a year of a train derailing. obviously, they have severity but where all of that points us to is a need to continue to raise the bar on rail safety. reporter: now, schools have been back here in session in easiness monday but last night, a girls basketball game was canceled because the team did plot want to come here to plays, neil. neil: you know, lucas? when secretary pete buttigieg referred to this a thousand incidents where the train will derail that's very different than a train like this one derailing, and producing this mess. it seemed to minimize the gravity of the situation.

>> there's no question, neil. it's one thing when a train jumps the tracks. it another when there's 50 cars and over 10 of them are carrying toxic chemicals. we have driven by the site multiple times. it's about a half mile from where we're standing, neil, and it looks pretty bad. when you have train cars that look like matchbox cars after being on fire and spewing these toxic chemicals and many residents in fact just in the last few minutes before going on airman it residents are stopping and want to talk about these toxic chemicals how they are still finding them in the water but it is note all neil the schools are back in session. we heard from the governor and epa chief saying the air is okay the water has tested negative, so right now there's some residents are scared. there's also just a lot of uncertainty and frankly, trust. some people want to have the cdc come in, medical experts you heard that from ohio's governor, but many residents just want more support and they certainly want norfolk southern paying up and we certainly heard from j.

d. vance, who doesn't want to put the american taxpayer on the hook. he wants norfolk southern to pay neil? neil: thank you very much and i do appreciate that, lucas tomlinson of course, the newly elected and sworn in republican senator from the state of ohio. want to go to misty allison right now, maybe because she knows what's really going on. she's a mom, lives in aerosols, and i don't know whether any of these developments have comfort ed her or the governor today saying that there's no detection of any contaminates or noteworthy contaminates. misty, good to have you. you've heard these reassurances from some all the way up to the governor and some others who were saying so far, it's not as bad as some had feared. what do you think when you hear that? >> yeah, so i was just listen ing to the press conference right before joining this interview, and i would say that it was good to hear from the governor and hear everything that is going on but i will say from the community perspective,

the amount of skepticism is honestly to be expected and really warranted in my opinion. neil: no, i can understand that. misty, what advice are you taking on the water? at first the governor was saying just bottled water, but now the drinking water is fine, except if you've got well water. what are you doing? how are you dealing with all of this? >> so the way that my family is dealing with it, i do believe that the city water is being tested, probably way more than its ever been tested before. we are still very concerned about the groundwater and for everybody that we know who does have wells, and they are going to be getting their wells tested and waiting for all of that. i would say we do have city water. my family, but we are currently still using bottled water and cooking with like jugs of water, for instance, just out of a lot of precaution. neil: has norfolk southern reached out to you, misti?

>> no. norfolk southern has not reached out to me or my family personal ly. neil: so there was talk that they were going to provide checks i believe up to $1,000 for now. not clear exactly what those checks be used for , or whether if you cash them if that would limit further liability against the company. your thoughts on that? >> that is true that they are offering that. initially, it was just within a one mile radius. my family lives slightly outside of that one mile radius, so we were not initially eligible but at the town hall meeting, that was a couple of days ago, it was announced, not by norfolk southern because they were not in attendance at that town hall meeting but it was announced during that meeting that they did extend those $1,000 checks per-person to the entire 44413 zip code. you have to go to, there's a family assistance center they have setup at a local church but my family has not personally

went to the assistance center since we've been eligible for that after a couple of days ago. neil: how do you handle this in your family or you're a young mom, just day-to-day. i mean, especially when you hear the air is just fine. i've talked to other residents, maybe neighbors of yours who say well it doesn't really smell that fine and i'm worried when i look at the water and i see it bubbling up in some places. they are just anxious. how about you and how do you go about your day-to-day life? >> absolutely. the anxiety is real. i would say that my son is back in school. my daughter is 16 months old and so she goes to an in-home daycare. definitely monitoring "the situation" closely, and trying to be up-to-date on all of the data that does become available and when it is available, but i will say it is a really scary situation, and we are very concerned as a community. neil: all right, now, all the indications are again we're getting from local officials and all and you know far better than

i, misti, is that everything is fine and some of their worst fears are not being realized. as things stand now, would you stay where you are? would you not move away or even temporarily leave the town until this is all officially resolved? >> that is a really good question. so we did evacuate for about a week to the p.i.t. area and then we came back last weekend because school was going to be in session on monday. my son did attend school the entire week, but we love aerosols. my husband and i moved to aerosols about four years ago now, we lived in a lot of different big cities and he's from east palestine and we really chose to move back to this community because we move small town living, we love our church, and our library and all of our friends and just the community. it's just such a great place to live, and it's just such a tragedy that this happened, so we do want to support the

community in any way that we can, and we would really love to stay here, but i will say we have had lots of conversations about if we did have to leave, if there was the data out there that this is really unsafe, we obviously want the best for our family and especially for our children and so if we did have to leave, we would make that difficult decision, but we really don't want to go anywhere we really love aerosols and all of the people here. neil: well it's you're home. misti allison, thank you, my best to your husband and family. you'll get through this i have a feeling. in the meantime i want to let you know fema of course is denying this request for emergency aid because it isn't your typical disaster like a tornado or hurricane, the administrator is saying we'll be here just in case. health and human services could have a role but even there it's a little bit dicey according to the governor, even though they have indicated that they will cover medical-related care costs

how you prove that the medical care you're getting is related to this is nip's guess but we're on top of that. also on top of the new york metropolitan area a shutdown of the key terminal at john f. kennedy international airport in new york. it's going for a second day now. imagine what that's doing for congestion, after this. ♪ come fly with me, let's fly, let's fly away ♪

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neil: you remember that report of a power outage at new york jf k international airport? it is still going on. i can not even imagine how disruptive that has been. connell mcshane has more. connell? connell: last couple days been really rough, real nightmare for these passengers. terminal one at kennedy airport houses a lot of the big international carriers so air france is there, lufthansa, korean air, among others and all we know about the power outages coming from the airport here is the latest tweet with the update jfk terminal one will remain closed february 17 due to electrical issues as the port authority continues working with

the terminals operator to restore flight operations, you know, as quickly as possible. travelers should check with their carriers for flight status before coming to the airport. i know if they check the terminals website as we just did they will see 29 canceled flights listed today. on flights in and out just of terminal one, which is four shy of the total number canceled at the entire airport yesterday and on top of all these cancellation s is some flights are being diverted to newark airport in new jersey or some to dulles outside d.c. or logan in boston. the new york post reported on a particular flight from new zealand where the passengers were apparently stuck on the plane for about 16 hours after it was sent back, because of all of the issues here in new york. now, on the ground, to your point passenger frustration indeed has been building. >> moving at like one person a minute and he's like it's going to take a whole day. >> it was a huge long line and they said call the travel agent

so that's how we deal with it right now. >> we were on vacation. connell: the experience of the vacation, there's always one that finds the glass half full. now the airport says the power outage actually started after what they're describing as a small fire in a utility area which was quickly extinguished, but clearly, the impact has been far-reaching here the last couple days and we don't have a timeline for when terminal one might be back in business, neil? neil: connell thank you very much for that, connell mcshane, in the meantime taking a look at the corner of wall and broad where the dow isn't budging much but what i've noticed is kind of interesting. the 10-year note in and around the 3.83% or 3.84% level and that's the highest we've been since back in november and obviously, the stronger than expected wholesale inflation report had a lot to do with that , a couple of fed governors voting members of the federal open market committee saying they would raise rates a half a

point next meeting rather than a quarter point, neil so inflation is still an issue right now on how high rates go because of it. dan geltrude on that. dan, are you worried about that? is that suddenly now the front burner issue that the fed, you know, might not go as slow or as low on rates that will continue hiking, maybe more and higher than we thought. >> yeah, i think that's a real issue here, neil, because as we've been seeing, the market is really reacting directly to whatever is being signaled by the fed, and if we look at the data that's been coming out, okay? so the cpi, 6.4% up a half a point over last month. not good news. the jobs number, at over 500,000 consumers are still spending credit card debt, highest ever, neil, almost at 1 trillion.

household debt 17 trillion. when we start to put all of these things together, what i see here is the fed continues on the path of raising rates and recession becomes a far greater threat. neil: you know, in that environment, you look at the impact on housing. i think a 30-year fixed mortgage now is around 6.32% level and it was climbing much higher than that but you've got to think it was at 3.92% a year ago. people haven't adjusted to that, have they? >> no, they haven't. look, neil. it's still almost double where it was last year, and certainly, i don't want to tee this up for you to talk about your first mortgage, but it's still not a great number to be over 6% at a 30 year fixed, so that is going to continue to slow the housing market, so again, neil, i say as

we look at all the signs that are happening. i don't know how we avoid a recession. even look at what bank of america is announcing some layoffs, so they are joining up with jpmorgan and goldman, letting people know in their investment banking area. what's that saying? well, they aren't expecting deals to be happening this year, so everything is lining up, and it's concerning. neil: it is concerning but you were never concerning, always offered good stuff for us to sort of chew on there. have yourself a great weekend, dan, thank you again. >> thanks, neil. neil: all right we're always searching these other devices or objects that were knocked down here. we're hearing right now from an illinois amateur balloonist group that says, you know? we've got a balloon that's missing. i think i know what happened, guys. after this.

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neil: all right, we know about the balloon that was shot down. those three other objects, we don't know. at least government isn't saying what it knows, but we are hear ing from the illinois amateur balloonist group that says its balloon is missing in action, and some are thinking that maybe it was among the objects that was shot down over alaska. we just don't know. jennifer griffin trying to get answers on all of that from the pentagon. jennifer? reporter: neil, we may never know about those three objects. the canadians have called off recovery efforts in lake huron and are expected to do the same in the yukon

mountains so we may never know what the three objects the u.s. air force shot down last week. >> nothing right now suggests they were related to china's spy balloon program or surveillance vehicles from other any other country. the intelligence community's current assessment is these three objects were most likely balloons tied to private companies, recreation, or research institutions studied weather or conducting other scientific research. reporter: the u.s. navy and coast guard are packing up their recovery operations off south carolina's coast, after the u.s. military successfully retrieved china's spy flight pay load. that pay load was about 30 feet right and filled with electronic sensors and equipment. it's now being exam pinned by the intelligence community and the fbi. it's unclear if the other objects are what's left of them will ever be recovered. a possible explanation for what one of the objects could be, comes from the northern illinois bottle cap balloon brigade.

the amateur club in illinois declared its globetrotting balloon missing in action. in a blog post first reported by aviation week the group says one of its balloons went missing in the same region where the u.s. military shot down one of the three unknown objects last saturday. the group says one of its balloons was last spotted at 12: 48 a.m. on saturday off the coast of alaska later that day a u.s. f-22 used a sidewind er missile to shoot down an object over canada's yukon province. norad said the fbi spoke with the club and expects the task force to have more on potentially identifying the objects. president biden has ordered national security advise or jake sullivan to lead a government-wide effort to create an updated inventory of high altitude objects in u.s. air space and what the rules of engagement will be in the future , neil, for shooting them down. neil: you know, knowing the risk , jennifer, that it could be a hobby balloon you

shoot down. it's easy to judge after the fact here but is there going to be more discretion on the part of, you know, the military here and deciding when to shoot down an object here? because this could be quite a few objects going forward. reporter: well absolutely. in fact we're told there are these kind of balloons about six to 8,000 of them worldwide being launched whether they are weather or research balloons and in the case of the chinese surveillance balloons. so the u.s. military certainly is going to have new rules of engagement, guidelines for what will constitute a threat. the problem with many of these balloons the radars have been turned up and now they are see ing a lot of this sky trash as well as legitimate research balloons that they weren't looking for before the chinese spy balloon flew across the continental united states, neil. neil: all right, jennifer, thank you for that. want to go to dave sears right now. you remember dave. the retired navy seal commander, you just don't mess with dave,

by the way. best selling author of "smarter not harder." dave always good to have you. first off an honor because of your incredible service to this country but i'm wondering your thoughts on this mention we have lately of shooting down objects maybe for perfectly valid reasons but for a little more than a week and a half, makes me wonder whether we could get a little too trigger happy. what do you think? >> this isn't instilling confidence in some of the capabilities that we have. i mean, obviously, it was some sort of calibration error in the radar, or they weren't looking for these objects. they are looking for very fast- moving missiles, things like that, that are penetrating our defenses, so as they recalibrate now they find all these objects. well, why aren't they looking at that before, and why are they shooting down things that they don't know what they are? the transparency on this , it just puts real, i think, real mud on the face of the entire defense department and the

administration. neil: in the meantime, we've learned and you're probably ahead of me on this , dave, that china is looking at past intrusions by the u.s. over tibet among the 10 times china says u.s. craft have flown over chinese air space. i don't know if they are talking exclusively balloon-type devices but what do you think? >> yeah, what are they talking about? surveillance over the skies has been traditional for all major superpowers to try and do. i mean, recall the famous one getting shot down over russia. we've done this. now with satellites you see it less and less but still, incursions and the ability to get lower altitude, sort of pictures and things like that, where communications intercept is tempting. if you can do it or be on the border you're going to try and do that so it's important to get sort of the rules of the road out there. the air space that we have, sovereign air space, isn't really clearly defined between

nations. there's sort of a grey zone so it be helpful if the world community sort of got together and defined much like the laws of the sea, some laws of the air neil: you know, i don't know whether we're going to get to the point, dave, where we go to war with one another. i'm sorry, a chinese watcher is saying that is exactly where this is leading but we're certainly heading to some, you know, rough economic altercation s. we are already citing six chinese technology companies to boycott them. the chinese have responded by going after companies like lack heed martin andretheon, they say for helping taiwan but it is in response to this and i can picture this tit-for-tat continuing for a while. where do you see it going? >> i agree with you, neil. if you call it a competition you can see the tit-for-tat going back and forth, but more concerning the balloons is the chinese infiltration of our university system, of this idea of scientific collaboration.

they are stealing billions and hundreds of billions of dollars of intellectual property every year from us and under the guis e of cooperation with the universities scientific collaboration, even in our national lab system. there's exchanges that happen that they are able to take our intellectual property and so when we start cutting that off and really looking at that, then you might see a little bit more reaction on the side of the chinese to take us seriously neil: you know, dave, i'd mentioned gordon chang this china watcher, and one of the things he said is we have this sort of comfort thinking that china would never want to get too much because it needs us more than we need them, but he had the notion that china now feels that it is ready, that economically as the resources, as the ships and everything else , to go ahead and risk being alienated from the united states and the world and that, that is

part of bold signal here, down to this balloon traversing over the continental united states. what do you think? >> there's a flip side of that as well. not only does china think it's ready. they're also probably going through the math and saying we're not ready and we in the u.s. are not prepared to respond properly and we have our guard down, so there's two sides they're looking at. if they feel we aren't ready and they are, yes they absolutely will get more aggressive and try and push those boundaries. they want to see , they want to test and sense, you know, make sense of the environment you're in. they are going to test and push those boundaries, figure out how far they can go and what our responses are going to be. neil: dave, thank you for that, i think. but it is worrisome to your point. dave sears, retired navy seal commander, seal team six member, author of "smarter not harder" in the meantime as hard as this might be to picture we could be running out of money in this country, officially out of

dough to pay our bills as soon as july. that means we be technically defaulting. again possibly, as soon as july. the congressional budget office laid that out. its director is here. ♪ at adp, we understand business today looks nothing like it did yesterday. while it's more unpredictable, its possibilities are endless. from paying your people from anywhere to supporting your talent everywhere,

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edward jones

neil: all right, we are maxed out on our credit line and right now for the country that is $31.4 trillion. you can't go a penny above it until you find a way and congress has to do this , to extend that to raise that, but they really aren't making much progress in that regard. in the middle of this a congressional budget says at the rate we're going and if tax

receipts come again right now are not as robust it is possible that as early as july, we could default. in other words not pay all our obligations because we just don't have enough money. phillip swagel is the congressional budget office director kind enough to join us now. director, thank you for joining us. >> neil thank you so much. neil: so how do you see it? i know that's a worse case scenario. as things stand now, it is possible that as soon as july we could be facing that. what did you base that on? >> no that's right and that's what we put out a report on wednesday with a three-month window so july, august, september, and that's based on our detailed analyst of the revenue coming into the government, and the spending going out. the monthly and daily payments that the treasury makes for the u.s. government, and the key uncertainty is revenue. that we know that well people who have refunds tend to e-file, people with payments tend to paper file, so in the middle and late april into may, we'll start to get a sense of what kind of

revenue is coming in, and whether that matches our projections. if the revenue is weaker than we projected it could be on the early side or even earlier than july. neil: all right, now, you're probably one of the smartest cbo directors from educated at princeton and harvard and you worked for president bush jr. at the height of the meltdown, working with secretary paulson to avoid what could have extended to a lot of banks going belly up. do you see anything like that? in other words, that it's usually a domino effect here and back in 2011 as you know, we still had our debt downgraded even though we avoided all of that. what do you think? >> yeah, so our projections are based on the assumption that the payments continue to be made , that the debt ceiling is raised. if it's not, it is very challenging situation. it's hard to compare exactly what the 2008 financial crisis and housing is a different source. neil: absolutely. >> it would depend on what market participants look at the

situation and say well, you know , there's a technical problem but they will work it out, the political system has to figure it out and they will get there and maybe the shock, the negative shock be modest. if market participants lose faith, well then there could be much more, much larger consequences. neil: what would it take to default? what is the first thing is most vulnerable if we don't make interest payments to bondholders , debtholders, not saying social security check somewhats the pecking order of things to bring that on? >> yeah, the challenge is that the way that we're setup to make payments is all of the above. the government is setup assuming the payments are made and again our projections are based on that as well and the technology and principle one could program government computers to prioritize payments. it hasn't been done. it would take the work and until then, there's just no, you know, no knowing which payments be made and which would not. neil: you know, director, like you, i hope that cooler heads

prevail and we deal with this. we often do, like last minute, but what i did find interesting is the cbo looking out all the way to the year i believe it was 2037 where you were looking at deficits that would routinely average about $2 trillion meaning during that period will they had $19 trillion to our debt and that is $3 trillion more than we earlier thought. what happened? >> no, that's right. so the fiscal trajectory is challenging and in this report that we've put out this week, compared to our previous one last may, we had the 10-year, and what we set out was the 10- year, we also do longer horizons as you said. in the 10-year number, we have the 10-year deficit going up by $3.1 trillion and it's a mix of things. there's legislation, increased benefits for veterans was a big part of that, there's some subsidies for chip manufactures,

some other things, so that's legislation. there's also the economy. we have much higher inflation as i think every american knows, and that translates into higher payments, higher cost to the government, and a bigger deficit neil: you know what impresses me about you, director. i'm not trying to blow you smoke but you just call it as you see it and you crunch the number s and share those numbers and one of the things you got into is this goal of eventually balancing the budget in the next 10 years, and it is inconceivable it could be done without making some adjustments or needed changes in social security and medicare. that appears very un unlikely and then what happens to that scenario? >> yeah, it's a very challeng ing situation, and at cb o, i appreciate what you said at the beginning that we do our work impartial, we're non- partisan and do it with integrity. the numbers are on our website and i would encourage viewer toss go to cbo.gov, and it's

mathematically possible to balance the budget within 10 years, and leave social security and other entitlements aside. it's very challenging, and there's a sense which policy makers today, the congress today has inherited a very difficult situation, a very large deficit that's set to persist. at the same time the economy and the first half of this year is facing a weakening economy with high inflation, so the fiscal situation is very challenging. neil: if you'll indulge me i'm sure our producers would not like this but i had one quick question dates back to your days working during the meltdown with secretary paulson. the trouble asset relief program , that was supposed to sure up banks, you've since said director you're not keen on such rescues. i don't want to put words into your mouth but if it ever went to that again, hopefully that never happens, is a bank too big

to fail? >> it's a question that is still with us from the financial crisis, and you're right. i was the chief economist at the treasury during that time. look, there has been progress, so banks have a lot more capital now, and so banks are a lot more resilient. the regulation is probably better, the supervision, the oversight, people are more on guard. the challenges that the future crisis will be something else, something we haven't thought of and it's just hard to know what would happen to banks? you know, it's hard to know. it could be a problem from some other part of the economy, not banks but the less regulated part of the economy as well and that's the challenge with crisis neil: and we just don't nowhere and how they pop-up. phillip swagel, the congressional budget office director very good seeing you sir. >> thanks so much. neil: in the meantime you have "the big money show" just around the bend less than 15 minutes away jackie jackie deangelis what's on tap? jackie: democrats planning new handouts and spending as our national debt keeps climbing plus the latest blockbuster on earth, the last one, pardon me,

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neil: all right, president biden wishing senator john fetterman well as he's being treated for clinical depression right now. we don't know how long that treatment will last but it could take him out of action in the senate for a number of weeks we just don't know. lee carter sarkar with us right now and how that all goes down. you know, lee, sadly i've seen these type of developments even in corporate america where a lot of boards have to deal with the ceo who becomes ill. not always a case of depression, as in the case with senator fetterman but there is a procedure in place how to deal with that. sometimes the ceo is even dying. there are no such immediate rules here. how do you think this plays out? >> well i think it's a really really difficult situation. first and foremost, i agree with the president, sending our best wishes to the senator. i don't think anybody wants to see him struggling and certainly , he's commendable for

going in and dealing with his mental health issues. the real question though is why don't we have similar rules in the senate that we would if you were in the corporate world? if you were in the corporate world on your eighth consecutive day of absence you're considered on short-term disability. you be out and the company be within their rights to try and have somebody replace that work that you're doing and the people at pennsylvania deserve to have representation while he is out, but we don't have that sort of thing and we've seen this over time. this isn't the first time we've seen it. you'll remember when anthony wiener had to take a leave because of his rehab. we've had a number of other, gabby giffords had to take seven months off because senators and congressmen, they are people that deserve to get treatment and help but then the people they represent also deserve to have representation at the time, so the real problem is what happens when those people are out? what happens with their votes? are those people getting the

representation that they deserve and need and expect when they elect someone into office? and this something to say he's done the right thing. good for him for getting the help he needs but we also need to have a transition plan. neil: i didn't think of that. i'm glad you said that because i'm old enough to have covered a number of such corporate crisis when that occurs, michael walsh who headed a company tenaco back unthe day, had a brain tumor, thought he would survive it and beat it and that was not proving the case, he stepped down and handed the reigns of the company over to dana mead, sadly he died shortly thereafter, that is mr. walsh but it was a corporate succession or a plan for a just in case this doesn't work out. just in case this thing worsens or just in case i can handle my job. i sometimes think cold and clear eyes need to have the same kind of requisites when it comes to the united states senate or for that matter all the way up to the president of the united states.

>> yeah, and there's no question about it . in the corporate world it's one of the most important things a ceo needs to put in place is a succession plan. almost regardless of their circumstances, whether they are ill or not, you need to know what's going to happen should anything happen and so i think this should happen in these cases and i think every one of our senators, very few of them, they all play a very important role and we should need to know what's going to happen if they are out for a certain period of time. they do have roles in place on what happens if one of them wants to take a leave. it's just about who covers for them when they are gone for more than a certain amount of time. neil: all right, lee, things we should think about even though we're afraid to talk about them but this is a man who represents the united states senate so you have to think about that. lee carter, thank you for that. meantime, some well disney employees are not thanking the company for this idea they all have to return to work, and they can't just be doing that from home or working remotely, but they are fired up about it. the magic kingdom and beyond.

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good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. neil: is not off to work we go. disney protesting, everyone back in the office or the drawing room.

it is not going down well. lauren: some of them don't want to go back to work. the washington post is reporting 2300 out of 200,000 workers signed a petition saying the mandated four day is likely to have unintended consequences that cause long-term harm to the company because they will quit and their talent will be hard to replace and that sounds like an ultimatum. disney is cost-cutting, 7000 layoffs just announced. who blinks first? the ceo, bob iger says he wants people back monday through thursday because creativity is the heart and soul of who we are and what we do and he cherishes the ability to connect in person. so do these petitioning employees who work in various departments but they argue it is 2,023. we've been working from home for three years and we don't

want to change now. who blinks first is the big question. if bob iger wants to do this, he should do it and not pull back, once you cave you will never get the employees back. you get basically a 3 day weekend. i know people actually work from home, but you can do the laundry when you are home or run errands, save money? >> if you're just like that at home -- lauren: the coolest father and mother there is you should do that in the costume. neil: thank you. lauren: not everyone does 6 days in the office like you. neil: thank you for that. now to "the big money show". jackie: hello, every one