tv WSJ at Large With Gerry Baker FOX Business April 10, 2021 9:30am-10:00am EDT
brnovich. join us sunday on fox news 10 a.m. eastern live. plus every day, weekdays 6-9 a.m. eastern fox business, join me for "mornings with maria." that'll do it for us this weekend. i'll see you again next time. ♪♪ gerry: welcome to the "wall street journal at large." in the sports world, all eyes are on georgia this weekend where the final rounds of the annual masters golf tournament is taking place. wait a minute, did i just say georgia? i thought georgia had been canceled? ostracized? banned from hosting big sporting events because of its racist voting laws. a week ago, major league baseball withdrew its all-star
program. so surely they can't actually have a major event taking place with expensive corporate sponsorship and chief executives lending their great authority to one of the state's most iconic events. how could this possibly be? money and hypocrisy. okay, make that just one answer. of last week, cbs issued a handy guide to companies on how they could protest the supposedly terrible new georgia voting law. the same cbs, however, has an important deal with the augusta national golf club that hosts the mastest. by the way -- masters. but apparently it's okay, cbs wouldn't want to do damage to its ratings and the prestige that that comes from hosting this major sporting event. you see, for the woke corporation despite all the posturing and rhetoric, it's not really about racial justice at all. it's about protecting the bottom line and working with the mainstream media in order to do
so. companies like coca-cola and delta, who deannounced georgia's new law, were alarmed at the news media, delivered a grotesquely dishonest hit job on the republican governor of florida, they feared those companies would tear them to pieces if they don't get in line. that would be bad news. but if you want to see what those companies really thinking about racial equity, go to coke's web site, for example. you'll find a long list of the company's top executives. by my count, i guesstimate just one of the top three dozen executives is an african-american. so comb coke is happy to lecture georgia about racial justice, but they're not so good about delivering it. you'd think a company in atlanta would find a black person to place in one of those c suite offices. later in the show we'll be
taking a closer look at woke capitalism and what we can do about it, but we're going to start with a look at the covid pandemic. by any measure, the progress we're making is enormous. more than 100 million people in the u.s. have now received the vaccine. the economy is now opening up, indeed, the u.s. is doing better than most major economies in the world. this week, the imf forecasted it would return much faster than most of the g7 countries. yet they seem determined to downplay the progress that's been made. in fact, to listen to them, they actually seem to want to keep us locked down and terrified indefinitely. >> we aren't at the finish line. we still have a lot of work to do. we're still in a life and death race against this virus. the real question is, how much
death, disease and misery are we going to see between now and then. now's not the time to celebrate. gerry: the media, of course, is weighing in. the coverage in most of the newspapers these days reads like something from an old horror movie. we keep hearing about mutants and variants and a fourth wave that's coming to our way. it's true after a steep decline in january, covid cases have edged up in the last couple weeks, but the wider picture is encouraging. seven-day average is 70% below january, decline in hospitalizations and deaths is similar. now, some states are seeing a surge. it's true. there's an especially worrying case of increases in michigan, for example. but with millions of people being vaccinated a day, the risk is declining rapidly. most americans are just ready to return to some kind of normality and, indeed, they are. are we actually on the brink of this fourth wave and more restrictions as the washington media seems to like?
or is this nightmare really just about over? with me to discuss is dr. scott atlas, former special adviser to president trump. dr. atlas, thanks for joining me. >> thanks for having me. gerry: the biden administration seems keen to tell us we're nowhere near the finish line. the media keeps telling us the situation's getting worse, and yet we're getting all these vaccinations, presumably getting close to herd immunity. what's the real picture here? >> yes. well, i mean, the purpose of a vaccine, it's to stop serious illness and death. that's the purpose. and we have almost 80% of people who are at risk for serious illness and death. already having been vaccinated at least with one dose and about, almost 60% with the full two-dose course. so that's fantastic news. i mean, if you put it in perspective when you say 80 of
people are getting vaccinated who are at risk, when you have flu vaccine, the same high-race group of people in the past decade only between 60-66% of them take the vaccine. so we're really, partly due to the fear, of course, of getting -- you know, almost everybody who's over 65, which means those at risk, are getting the vaccine. that's fantastic news. and, you know, once we have protected the people who are at risk for getting serious illness, isn't that the whole point? when they're vaccinated, they're protected. there's not ever going to be a situation of zero risk. if the bar for acting and living normally is to have zero risk, then we'll never have normal lives. then you must never leave your home, you must never go outside and walk across a street, you must never drive a car, you must never get in an airplane. i mean, this is a little bit irrational to think zero risk is the goal.
that's not the goal. that's only for irrational people. screr jer in places like michigan, a huge increase in cases there. perhaps not in other states. do you have a good sense of what may be explaining these surgeries in cases in some cases, in some states while in other places it seems to be dying away? >> yeah. well, it's very tough to say, but one thing we know, it's not due to governors removing mandates about masks and restrictions because that's not michigan. no matter what you hear, anyone who says, oh, my god, texas removed the man deaths, oh, my god -- mandates, oh, my god, florida is allowing people to walk around, they're not the stages with surges. the second part is, okay, if there's a lot of cases, the goal is to stop the serious illness and death. that's the goal, and i hope we're doing that. we know that mutants occur in all viruses typically. this is the way viruses keep trying to exist. and hopefully, we're not going to see these high risk, high,
you know, bad consequences from this. we want to have high risk people get vaccinated. as far as i've heard and read, there is no real significant increase in the lethality of the virus and, of course, when we have most high risk people, older people getting vaccinated, by definition the cases will be in younger e people who. so that alone also is not a cause for panic. gerry: we've got to take a quick break, but we'll be back with more on your assess isment of the virus and where it goes from here after the break. today with us. introducing voltaren arthritis pain gel. the first full prescription strength non-steroidal anti-inflammatory gel... available over the counter.
expedia. we started with computers. we didn't stop at computers. we didn't stop at storage or cloud. we kept going. working with our customers to enable the kind of technology that can guide an astronaut back to safety. and help make a hospital come to you, instead of you going to it. so when it comes to your business, you know we'll stop at nothing. when it comes to autism, finding the right words can be tough.to your business, finding understanding doesn't have to be. together, we can create a kinder,
more inclusive world for the millions of people on the autism spectrum. go to autismspeaks.org. mm. [ clicks tongue ] i don't know. i think they look good, man. mm, smooth. uh, they are a little tight. like, too tight? might just need to break 'em in a little bit. you don't want 'em too loose. for those who were born to ride there's progressive. with 24/7 roadside assistance. -okay. think i'm gonna wear these home. -excellent choice. ♪ gerry: welcome back. i'm speaking with dr. scott at a las. dr. at a las, you made a good point before the break about how the numbers don't seem to bear any particular relation to mask mandates, some of these things. remember about a month or so ago when the governor of texas actually lifted all statewide
restrictions. remember how the media responded this was gown to be a terrible thing, it was going to lead to a surge of hospitalizations, deaths, president biden referred to it as neanderthal thinking. hasn't happened, has it? it's the same story that every time a republican state, a republican governor tries to do something to get the economy moving, it gets condemned. we're told it's going to be terrible consequences, it doesn't happen. >> that's right. if you look at texas, it's been five weeks since that was set. we can't keep waiting and then eventually when there's cases, oh, you see? i mean, it's five weeks. okay, that story's done, it's written, that's finished x there should be an admission that that was wrong. here's the problem, there's never accountability on these projections, on these, you know, doom and gloom statements. never. we just move on to the next doom and gloom statement. at some point it's an embarrassment to the united states. there's a tremendous amount of pseudo-silence being relied on
here. there's no excuse for a single school, for instance, to not have in-person, full time. none. that's an embarrassment. and, you know, it's a heinous, really, destruction of our children. we're sitting here in a country willing to sacrifice our children out of pseudo-silence, out of pure fear. and we have people who wear a copper bracelet and walk into school. this is really badly irrational really, and i thank god that my kids are older and out of the school, because i can tell you something, any parent who is tolerating this, they should be panicking right now at the school closures, not about the virus. gerry: and finally, doctor, just very briefly, when you were in the white house last year with a lot of criticism from the media, the media constantly telling us about disinformation and shutting down people who disagree with the overwhelming, with the consensus that they put forward. but actually, when the history of this story is told properly,
there'll be a tremendous amount of disinformation that, actually, the media has been responsible for, won't there? >> that's exactly right. the media has been severely destructive here, harmful. and, you know, they're vicious, sick people. i'm sorry to say that about your profession, but these people are really despicable. it's a disgrace really to be an american when you have a media like that failing to tell the truth. and you know that's actually, you know, done in the data when you look at the articles. 90% of american major media has been negative about the pandemic, but outside the united states 53% of english-speaking immediate what roughly has been negative. why is that? i think there's something wrong here with our culture. it's not just political because it's continuing. and, you know, i think at some point people have to get a handle of the situation and stop living in peer and, unfortunately, dig out the truth themselves because the truth really is the truth no matter what the media says.
gerry: dr. atlas, thank you very much, indeed, for joining me. >> thank you. gerry: coming up, is it really about justice or profits? about justice or profits? what's driving the latest the lexus es, now available with all-wheel drive. this rain is bananas. lease the 2021 es 250 all-wheel drive for $339 a month for 39 months. man: "fender bender," take 1. experience amazing at your lexus dealer. tonight's matchup: me versus an ugly fender bender. if i can eke out a win, it's going to be a miracle, baby! uh, mr. vitale? it wouldn't be a miracle because geico gives you a team of experts to help manage your claim. it's going to be a nail-biter. no, the geico team is there for you 24/7. geico is awesome, baby! (shouting) too much?
♪♪ gerry: there was once a time when you could get on a plane, open a can of soda or attend a professional sports event without wondering if you were endorsing a particular ooh ideology, but we nowly in the age of the woke corporation. it's not just enough to make products and services that benefit the customer. they now have to tell the us what's wrong with society and make grand pronouncements about how we must change. now, as we've seen much of this is simple hypocrisy. in many ways, it's about making them look good for the media
expect technology companies they depend on to get their mens across. but it is having a profound effecten on our lives. what can we to resist it? joining me now is one of our finest commentators on politics and culture, miranda devine, columnist with "the new york post." thanks for joining me. >> great to be here. gerry: how did capitalism get woke? >> well, look, ceos who are paid obscene amounts of money are trying to assuage their guilt by going woke, by accepting the sort of entreaties of the radical left. they invited woke ideology which is really an offshoot of marxism. they invited that into their companies through hr departments which embed themselves in every aspect of the corporate bureaucracy. and, you know, so you have the ceo of delta, for instance, who's earning $17 million a year
with, he thinks that he can get away with not getting attacked for his great wealth as an oppressor, you know, because woketopia is all about dividing the world into the oppressors and the oppressed. so delta thinks he can buy some indulgences by maybe giving a donation to blm, by putting up a i statue and by attacking the georgian government for the, government in georgia for their very sensible voter reforms. and, you know, to bow to the activists is, you know, who voted for delta and if coke and uber? gerry: exactly. they're making these gestures, exactly as you say, donating to blm, criticisms of georgia, without really doing anything to promote, you know, real -- to help the interests of people who
are genuinely disadvantaged. i looked at delta's web site. for example, their top leadership is almost entirely white males. so exactly as you said, it's a kind of misdirection, isn't it, from the real problems and the real inequalities they're creating. >> absolutely. i mean, it's the same across all the corporations. they don't actually do anything about their heat classings. they're not offering their jobs on the board and their great salaries to, you know, minorities or underprivileged people. no. it's all about preserving their own power while paying homage to this sort of fake what used to be political correctness, but it's not just about changing language, about saying nice things. once this ideology, which is like a cult, you know, its adherents are almost religiously obsessed by changing the world and creating this utopia.
and they see corporations as kind of the last bastion that they have to take over. they started with the universities, of course. and the problem, i think, that these ceos don't know or don't care because they'll be long gone is that it doesn't just stop with these, you know, changing language and statements issued against georgia or even the mlb moving to colorado. it's, it ends up trying the company itself. it ends up destroying capitalism. i mean, capitalism killing itself. gerry: what can we do? some people have suggested we should boycott. we should boycott baseball, maybe find other ways. there aren't many things you can do, but what do you think we can do about it? >> i mean, people have already done that. with basketball, they got sick of the wokeness in basketball. but, you know, they don't care because they have a huge market in china. they don't actually care about america anymore, these
companies. you notice they're globalist companies. so they have markets outside america. if they lose half the population, well, i guess they figure that that's something that's worth doing just to appease the woketopians. gerry: i must ask you, because you, your paper famously published the story about hunter biden's laptop shortly before the election which, of course, got "the new york post" banned from social media for a while for no good reason whatsoever. hunter biden's been all over the news this week on chat shows, talk shows, everything else saying, oh, you know, he's a reformed man ors he's a changed man. what's been your reaction to watching the media attempt to rehabilitate hunter biden? >> well, it really is, isn't it? they're laundering his reputation on his behalf. he's selling a book, and it's interesting the effort that he's
going to, to discredit the laptop. and, you know, he told one interviewer this week you don't need the laptop, you've got a book. i mean, the book is just the tip of the iceberg, he really fesses up to his crack addiction. he doesn't talk about the way he monetized his father's name in china and ukraine, this influence peddling operation that was going on, various crimes. no one's asked him about the gun that his lover at the time threw into a trash can opposite a school and that he had filled out a form lying about his drug use. so there's a lot of stuff that he's left out, and no wonder he's decided to call the laptop a red herring. gerry: mirandadivine, thank you very much for joining me. the world is mourning the loss of britain's prince philip. of britain's prince philip. i'll share my memories of
trelegy for copd. ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze drifting on by you know how i feel. ♪ ♪ it's a new dawn... ♪ if you've been taking copd sitting down, it's time to make a stand. start a new day with trelegy. no once-daily copd medicine has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur.
age-related macular degeneration may lead to severe vision loss. ask your doctor about so the national eye institute did 20 years of clinical studies on a formula only found in preservision. if it were my vision, i'd ask my doctor about preservision. it's the most studied eye vitamin brand. if it were my vision, i'd look into preservision. only preservision areds2 contains the exact nutrient formula recommended by the nei to help reduce the risk of moderate to advanced amd progression. i have amd. it is my vision so my plan includes preservision. (judith) at fisher investments, we do things differently and other money managers don't understand why. (money manager) because our way works great for us! (judith) but not for your clients. that's why we're a fiduciary, obligated to put clients first. (money manager) so, what do you provide? cookie cutter portfolios? (judith) nope, we tailor portfolios to our client's needs. (money manager) but you do sell investments that earn you high commissions, right?
(judith) we don't have those. (money manager) so what's in it for you? (judith) our fees are structured so we do better when our clients do better. at fisher investments we're clearly different. ♪ gerry: on friday morning buckingham pal lance announced that prince philip had died at age 99. i met the prince once in london, and i was introduced at the end of the event with the introduction that i was a journalist. a journalist, he said with a grunt in his eye. i didn't think there was any interview people in here. i quickly explained that the
events had been off the record and anything he said wouldn't be reported. but then thinking i might disarm him a little, i said to him, i think it's still a law that if i did publish anything you said here, you could cut my head off to which he instantly replied, i wish we could, but we can't do that anymore. playful, funny, and just a little intimidating. his death marks the passing not just of a remarkable character, but of a man who with embodied the values of a very different era. one rooted in ideas of service duty and obligation. aa talented, craniales, charismatic plan, he spent his entire life in queen elizabeth's shadow content to serve her and the united kingdom as she and the country asked. those values, that character, they're sorely lacking these days not just in the english realm, but in this great republic too. we could all learn a lot from
the example of this remarkable life. may he rest in peace. that's it for us this week. for the latest updates, follow me on twitter, facebook and instagram, and i'll be back next week with more in-depth interviews right here on "the wall street journal" "the wall street journal at large." thank you very much for joining us. ♪♪ jack: welcome to "barron's roundtable" where we get we behind the headlines and prepare you for the week ahead. i'm jack otter. can summer blockbusters bring americans back to the theater? and later, everything you want to know about cryptocurrency, why to invest, how to invest and how it fits into your portfolio. but we begin, as always, with what we think are the three most things investors should be thinking about right now. big tech stocks led the market hi