tv Cavuto Coast to Coast FOX Business February 5, 2024 12:00pm-1:00pm EST
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>> this is something i contemplate a lot during the day as i stare out the window. it's outrageous but i'm getting go with 75 minutes, i'm assuming they don't have a scuba tank. >> i think about this all the time is a constant question, blue whales and holding their breath. i concluded a very long time otherwise we be talking about it. i'm going to say 90 minutes. the answer is, i got it right, 90 minutes whales can absorb 90% of oxygen from the air that they breathe. humans only absorb 15%. vital information. aren't you glad we told her audience 90 minutes for a blue whale holding its breath, dynamite stuff. >> i am thrilled thank you. time is up, "coast to coast" start right now.
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>> at the border bill looking dicey, interest-rate cut that is looking delayed. what do you think is weighing on stocks more, jerome palisade on 60 minutes that the interest-rate cuts, many have been salivating over they are not over but they're not coming anytime soon either. we kind of knew that regular viewers of the show would know that but a lot of investors are smarting over that stock watcher extraordinaire aaron gives. good to have you what do you think of what he was saying. i don't know why that's become a fox alert, what do you think of it? >> it was largely what he said last wednesday. for me it was the same old we knew we we're going to see less cuts and we knew they were referring to the dot plot and we should expect three cuts this year not five or six as the market has been praising him. also it probably won't happen in march it will most likely happen in may or june meeting. the fact that the market is reacting so strongly today.
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obviously we really needed to hear it twice before the optimism started to come out of the market into little more realism to come back in. i know we had a great earnings season and perhaps we had to hear it more than once before it was fully processed. neil: if you look at the really big picture from high in the sky you could say soft landing very much in a comfortable landing at that as things stand. where are you on this and where the markets were taught through this. >> i'm very much in the camp i think we will see the soft landing as we've seen in employment has stayed remarkably strong in consumer has stayed strong. one thing that has been optimistic about getting inflation and curtailing it is the pmi, the producers
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inflation, the people who create the products that has really been dramatically dropping it is not always a leading indicator but is frequently more volatile and just by the magnitude that's coming in, we know the prices are going to hit the consumer with lower inflation rates not necessarily pricing dropping, lower inflation. i think it does look like this could be a potential soft landing given the strength of the u.s. economy. neil: we were just showing this month a year to date about a big tech the so-called magnificent seven they have been on fire getting a little hammering today but again on the notion that their earnings are hand over fist and we know about meta, how you treat them as a group do you pick apart and expand beyond the seven, what do you do. >> i look at them individually
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and i believe we've seen them being treated at their own asset class and in essence they become a safety training where we saw this a lot of last year that people felt more comfortable being in these types of names that magnificent seven and as we really do see interest rates finally come to for wishing in the half-year, that's where we see investors more diversified and more fundamentals in someone. i think you want to look at what their fundamentals are doing and where their growth rates are i think there's better winners than others within the magnificent seven. also looking at their exposure for the future growth and a.i. is a great story. i think you could probably write that for another four weeks or so and that's another component you should be looking for the mention of the future profits.
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neil: a lot of people our technology enthusiast and they like to invest in something of the nasdaq or the nasdaq 100. someone comes and called to this market now. how would you advise them on that? >> i think we will see somewhat of a repeat and what we sought the beginning of last year is probably good to be the magnificent seven until may is probably going to be what the fed does, go ahead, grab your nasdaq for the next four weeks or eight weeks but i would be ready to roll tape when were starting to see the rate cuts finally get closer and we see more indication in the economy that is going to happen and that's where we want to be diversified in the small caps and make caps out of the magnificent seven which we saw dramatically in december when we got prematurely optimistic. i think that you want to be able to change and shift gears when
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this finally happens. thank you, always great chatting with you, erin gibbs. i don't know where the magnificent seven came from. i would've done seven heaven or something like that is a huge pressure. you have to be magnificent all the time. edward lawrence is magnificent all the time at the white house. keeping track of the border plan $118 billion but it looks like it's running into a buzz all resistance. >> house speaker mike johnson said it's dead on arrival. we have the text of the bill and it it shows ukraine aid $60 billion. that is more than triple the amount of the money going to the u.s. border where we seen 7.4 million people cross illegally since president biden came into office. there's 14 billion to help israel, 10 billion in humanitarian aid for gaza, west bank and ukraine and 5 billion for the indo pacific. the house minority leader says this bill should not be dead on
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arrival. >> were in a period of divided government. that means we should find bipartisan common ground. house democrats have made that clear treat on any issue will work with our republican counterparts. when it makes sense in delivering results for the american people. they say it expands the border wall but it replaces asylum judges with homeland security staff who can grant asylum but then it raises asylum standards. it also uses an average of 5000 migrants crossing illegally. a the president gets the authority to shut down the border trade republicans argue that the president can shut it down now using existing laws. >> at the end of the day this is really the president steel in the president can resolve this crisis with the stroke of a pen, he snapped his fingers and he could do it. he created it with the stroke of
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the pen he could undo it with the stroke of a pen. >> the sun is setting up for a procedural vote the first one on wednesday. i'm going to the 300 plus page document i've not yet found any pay force to offset the price tag of $118 billion. neil: i know they say fewer apprehensions that's the border that will do a lot to pay for that. we will see. edward lawrence on the very topic that he neatly wine until lined up warren davidson the hyo republican congressman in the house freedom caucus. always great to have you. are you yes or no oneness from what you've seen and heard. >> absolutely no it is a terrible bill is a terrible idea. wrinkly i'm glad the senate is working their way up to a counter offer. house republicans passed that a partyline vote unfortunately a comprehensive solution to the problem and may.
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we've been waiting since may for the senate to take action in any kind of way. i'm glad they're finally working towards her offer. maybe they'll be able to move it it's not clear they'll be able to get the cloture on it but it's a terrible approach and not just focus on our border, their only claiming 17% of the spending goes to the border and the reality a lot of that goes to fund sanctuary city activities paying to house more illegals and transport more illegals to the ngo. neil: i think you're referring to hr two and it was your own measure to secure the border act. no democrats voted for. that would be dead on arrival in the senate just as much as the senate is dead on arrival with you guys but it is something it isn't the argument that it's better than nothing you just don't view that. >> why should we automatically except with the senate sent us. they did not feel the pressure to take her bill.
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if they pass something that addresses our border, maybe we can conference two. their solution says go ahead and raise the standard to nearly 2 million illegals per year end fundamentally nothing about the emergency authority granted by the bill were imposed by the bill forces the president to take action. he did not accidentally implement these policies. neil: can i follow-up on the i just want to be clear. you're quite right on all of the above the 2 million in the minimum for 5000 today that is built-in as a baseline a lot of variables to that but you talk about 2 million that come in verses 8 million coming in right now. it is a start let's say the republican nominee if donald trump wins that is the wind behind his back and he could slap the more serious matters that you want to see when he
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becomes president. >> i certainly hope he does but the idea that we will lock in the law, the law today says none why would we concede to make it 2 million. >> the reality it is 8 million, the law does not stipulate that either and i agree with what you're saying on the numbers that you're looking at but better to start something and try to force the ceiling on this then one that just goes up and up. >> that's what republican politics is like nascar everyone gets in the race and starts turning left when we going to do when we said we we're going to do they created a giant problem making 8 million people in such benevolence from the democrats, there going to make it 2 million it is a terrible plan and we should lock in 0. neil: if we don't lock anything, i understand what you're saying your colleagues has had the president with the click of a pen he can undo a lot of this but is not an doing a lot of this. he is not an doing a lot of the
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things that you said have another donald trump this forces them into a position each estimate and it sets the stage for the republican president if that's the case who comes in and goes further, the gap you have anything giving done. >> what's going happen mayorkas will be impeached, he's earned it. neil: he is not going to be impeached. >> he is going to be impeached by the house. we cannot control the senate. neil: he's not going to lose his job. maybe not but he should and so should joe biden. all we can do is make the case to the american people and ask them to send reinforcement. hopefully they do. in the meantime we should commit to say we want to fund our government. this bill does not fund our government and fund ukraine's government and israel's government and indo pacific stuff all with borrowed money or printed money and makes inflation worse immigration worse and frankly our national
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security posture work. endless wars deplete our straw instead of building. everything about this is a wrongheaded approach, the house should say we want to fund the government and will only find a government that secures the border the senate may be finally has a counter offer and maybe there's a way to compromise between what the senate is working on and what the house is passed with hr2. neil: thank you very much for taking the time. we have the latest on the poll numbers another being influenced in decisions in washington and how to be an influence on the border security measure after this. ♪ dad, we got this.
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who is not up president biden's approval rating is at the lowest level this presidency it is trailing in a head-to-head matchup by donald trump by five points in the white house said the president will be skipping the super bowl interview for the second straight year and he skipped the fox interview and perhaps if you remember franklin ford a book about the president he called the president he does a terrible job suppressing his inner monologue president biden spoke last night here in las vegas. >> i know we know we have a lot more to do not everyone feeling the benefits of our investment in our progress yet but inflation has lowered america than any other major economy in the world. recent weights exceed real evidence that the american consumer is feeling no confidence in the economy there were beginning to build. >> many americans feel
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differently about the economy according to the nbc news poll donald trump has a 22 advantage when they ask who deals with the economy better. a majority said 33% said president biden in the nbc poll says a quarter of americans think biden has a mental and physical health problems necessary to be president. a number that is drop by 14% under points before the last election in 2020. trump's numbers have only gone up since then. also concerning for the president only 32% think biden is competent and effective down from 47% in 2020 compared to trump the numbers have flipped. nearly half in many of the voters think trump is competent and effective today. president biden is campaigning in the democratic primary is here in nevada and you should have no trouble winning that. the reason he is here is a critical datagram state the state that biden only won by two
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points back in 2020. the super bowl is here this sunday and will place some bets, the futures with the yankees winning the al east, a rematch of 2020 and some might think a presidential rematch as well. neil: continue you're very hard-working or onerous conditions. lucas tomlinson in las vegas. i want to go to jim messina, we talked about the president's plan to skip out on any super bowl interview. jim was a guy not only barack obama's white house deputy chief of staff he got the guy reelected a mind of you might say what the big deal until jim made things right. but he joins us now. let me get your take first of all on joe biden's decision for the second year running not to do a so-called traditional super bowl interview and 22009 when barack obama started it, is it a big deal.
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>> first of all how come you and i can't be with lucas in vegas. this does not seem fair he seems way too happy for having his job. you're right this is a new tradition, the white house all except this differently read when i was in the white house, the traditional ones really help us and more on social media and the biden white house favors social media and other interactive platforms more than traditional back-and-forth and it's a choice and i don't think it means very much going forward. voters don't even remember these interviews for days later research shows. i'm not sure this is the biggest issue facing america. neil: is a huge audience and not the hour i don't know if it's as huge as the game itself. to comply both ways, donald trump did not do them all the time. that is a tradition that might be gone now.
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let me get your take on how the president is performing he picks and chooses his venues and seems to avoid the press does not have a comfort in the media that his old boss barack obama did. and i'm just worried whether you're worried for the guy. >> i'm not but the election is 270 some days away both of the candidates have to get out there and make their case. use all biden did that last night in nevada. more and more people want to figure out how to make this choice, 71% of americans don't think it's good to be biden versus trump and you and i know it's going to be. you and i have to wake up and make a choice that a lot of them aren't thinking about it it is gotta go out and make the case. that's what you saw him do last night. neil: i always love having you on the show, you don't trash people and say demeaning things about them and i generally try to apply that to the right and the left because i don't think we have to be jerks with one another. i say that that was a warning
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that al gore gave to fellow democrats about how they treat the maga crowd for lack of a better term. this is from the former vice president. >> trumps mastery has been endowed in the last couple weeks with confusing nancy pelosi with nikki haley and confusing other things. i don't want to get into talking about him. i respect his supporters and i think it's important at this campaign season for people to maintain respect for his supporters. neil: that echoed what jamie dimon and j.p. morgan chase had said on these attacks of his supporters. what do you make of that and the fact that not to be democrats are doing that. the president is doubling down calling him all sorts of things. >> i agree with al gore i don't
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think you need to make the persona about the people. you can make a persona about donald trump and he's an easy punching bag for all the stuff he says. we need more people to work together. the only problem america has is partisan politics. i think you and i would both agree with that we need more people working together to get things done and work across party lines. who knows if the senate immigration deal is dead or not but the fact that they came together gives me confidence, it gives me hope it makes me happy about her future. we need more of that, not either side going after the other base. neil: you did say candidates to focus on other candidates in this case donald trump and how you refer to him and the president has been fond of using the f word when referring to him. we gotta be careful because it's a family show that he does that a lot. i'm just wondering what you make of that. >> i think it's a guarded mo
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moment, you've never heard me say in public there is reports that he said it. neil: it gets out and he loves it getting out. >> these are competitive guys you to become the president of the united states of america without being competitive. to quote donald trump in the little locker room talk. neil: did barack obama ever used that kind of language. >> not in my presence. i did all the swearing for him. >> let me get your sense of the disconnect between the improving economy when you look at the gdp in the report and it's real and anyone who doubts is not looking at the data. the disconnect is real and may be because everyday american items by food items that might remain stubbornly high and you also have property insurance rates, car rates, insurance rates in the fixture for a lot of americans in there through the roof.
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how does the president pierced through that, he is a good economic argument to make that allows the cell job to make. maybe he can't and maybe if americans aren't feeling it and says are not minor. >> i think is absolutely paramount challenge for the democrats. they gotta talk about all the things that are going right have a positive message. i talked about this when iran president obama's campaign and bill clinton would wake me up and tell me all the elections are about an economic future and they have to start talking about the future biden has been trying he needs his party to help. in the actual campaign will be helpful bunch of ads will be helpful. things are getting better, usually what the research tells us it takes him six months for that stuff to be baked in in neil is right, the two most important things a voters look
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at our gas prices, grocery prices and want to know why they're stabilizing. they feel that everything will day. neil: i reminded my viewers that i tell you sausage prices are double than what they were when joe biden took office. unless he can explain that he is in a heap of trouble. i want to get your take on some of these polls that show variables. one he right now leads, trails donald trump by two points. but it swings seven points if he is convicted on any of this very charges, do you buy that? >> i do, and the reason i buy that donald trump lost 8% of republicans who said they could not vote for him for whatever reason he lost a very close election and you take that number to ten, 12, 41% of republicans have voted in the new hampshire primary and said if he gets convicted they cannot vote for him in general do i think is going to lose 4 - 10
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republicans, no chance even if it never gets a 12 - 15 his pathway gets really, really hard. you and i are experienced and we've been through these presidential cycles, we've never had a candidate in four different trials campaigning from the courthouse. we just don't know what that means. suffice ultimate the republican primary. i'm skeptical whether helps them in the general that were about to find out. neil: a conviction would change things in a general election that was argument, i don't affect the case but he weathered all these lows certainly within the republican party in a general election a conviction could be a game changer. >> that is the theory and i think that's true i think were about to figured out. neil: get back to me on the i italian sausage thing. always good seeing you thank you very much. neil: people forget, 2012. if you look back it was looking pretty iffy especially after the
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first debate the barack obama had with mitt romney he turned that around, anything is possible even during the campaign in the final few weeks of the campaign. in the meantime we told you about jerome powell's interview last night on 60 minutes. i found it fascinating. one of the reasons why he left out the possibility that he delays any imminent rate cuts but not what he said but what's happening half a world away in the red sea. i will explain as we see a red of sell orders after this. like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing across all your benefits and savings options. so you can feel confident in your financial choices. ♪ they really know how to put two and two together. voya, well planned, well invested, well protected.
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november 17 when the houthis attacked container ships in the suez canal. the cost of sea freight has gone up 178% from asia to the west coast in 168% to the east coast. the biggest increase in cost has been from asia to europe where rates have gotta do hundred and 94 pit under percent during the same. that is about heavily impacted by disruptions of the suez canal. the u.s. and allies tried to restore order in the region with a naval coalition called operation prosperity guardian but attacks continued in two thirds of all ships to go through the canal are rebounded around africa. that takes an additional ten days. were talking about 20% of all world trade being diverted with no end in sight. >> i've not seen a single carrier saying the u.s. navy was on top of this it's time to use the suez canal. they're hoping and watching but when you look we don't see any
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indication anyone is going back to using the suez canal. >> prato says the good news that the network is covid they don't see a total collapse of the supply-chain bike was altering covid. an executive at msc which is the world's largest shipping company they caution lawmakers in recent days saying that the red sea chaos if it's not contained the rise and great prices could hit consumer's wallet. we continued unrest in the region most recently with u.s. attacks on iran and its proxies and disruptions are expected to get hit consumer wallet. one thing that is helping the freight market is often demand the chinese new year is around the corner in the decrease in volume as a region celebrate. neil: thank you for that. let's go to the national retail federation ceo. you've heard this collective concern on the part of a lot of folks that you represent they are nervous they're getting
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anxious. >> this is a serious issue we had 75 of our members on a call for friday afternoon for the white house to talk about this and to talk about that and frustration committee and testifying in front of the maritime later this week. it is a big issue, as madison said in the last piece were helped somewhat by a relatively sober time in the year and what goes on is that the increased cost and increased delay but it's uncertainty as we look ahead to the future and all of these shippers are members and later in the season back to school the holiday season august, september and october there in the midst of negotiating the contracts which will begin and may with the shipping companies. it's hard to negotiate in an environment of uncertainty whether very strong and healthy economy we don't need this disruption and uncertainty so we
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need to find a solution as quickly as possible. neil: even the talk of the international task force that is not enticing the shippers to get back there, barring that i am wondering if that's what jerome powell was hinting at when he said cuts are not right away. i this is a wildcard. >> i cannot get inside of the chairman they talk about factors and this is one of them, we know was going on in ukraine and the threats to the supply-chain and general and the war in gaza and the suez canal in the panama canal is facing challenges because of water levels because all those things in the totality created environment with the fed or our members there doing every thing that they can to work with their shippers to reroute goods to plan ahead and send things to the west coast that would've
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gone to the east coast to move them across the country by rail and intermodal as we get further into the season we need a solution and part of the answer we have to bring in a broader coalition, the chinese need to be part of this they need to be talking to people in the region in saudi arabia and iran and the rest of the middle east saying we need to fix this problem. they are impacted as well, this is a global challenge and it will have indications here and it requires a much broader coalition of partners. neil: what we do now is not working, thank you very much. matt shay, keeping you on top of developments more pressing for 11 million californians under the threat of the massive flooding. i mean massive this is a once-in-a-lifetime type series of floods after this. ♪
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crafted just for traders. all so you can trade brilliantly. neil: there is rain, driving rain and then rain and flooding in california. it is not getting any easier or lighter, 11 million are under what they call li life-threateng floods. let's get more from max. >> they call this event an atmospheric river because of how much moisture is in the storms, this is the second atmospheric event to hit california in a couple of days in the soil is absolutely saturated and in some cases it is giving way, the hillside behind me were in the laurel canyon in los angeles tucked in the hollywood hills and the terrain is steep and when the ground gives way
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massive vote holders like this one hundreds of pounds came tumbling down the hillside this happened to the overnight hours. we've been talking to neighbors and we heard a rushing rumbling sound and what neighbors said that her husband opened up the door water, mud, debris started flowing in the living room and that's when they knew they had to get out. you can see the garage pushed and because of the mud that flowed through the neighborhood, incredible sites as you can see a lot of neighbors have come down to check this all out, governor gavin newsom declaring state of emergency in eight counties statewide and central southern california thousands of state workers have been mobilized to deal with the storm's aftermath and the rain continues to come down here in southern california. one death has been related to the storms that was in yuba city where he was trying to cut down a tree when it fell on him.
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roads have been tangled, flooding has been widespread, power outages in northern california have been in the hundreds of thousands an absolute mess in the golden state. neil: it is about to get mes messier, we will keep you abreast of all the developments. kelly o'grady is right here. besides what's going on rain and everything else enter the west coast ubiquitous with the entire region beyond california and now more troubles for 737, it just keeps going. >> this is not a good month to be boeing or an airline passenger, you want to hear that there's more issues, like he said more trouble they found another quality glitch on their fleet this is a 737 max, this is one month since the terrifying initial incident where the door flew off the plane mid-flight,
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this time around there is an employer after supplier spirit arrow system they flagged a new issue, it they found two holes in the fuselage that were not drilled to the exact specification, but we insured this may cause delivery delays but the ceo also emphasized this. while the potential condition is not an immediate flight safety issue all 737 can continue operating safely we currently believe we will have to perform rework on about 50 undelivered airplanes, this is only course of action given her commitment to deliver perfect airplanes every time. the stock is taking a hit it is down close to 2% year to date down over 18%. the potential long-term problem is not just about safety this is meaningfully hurting the brand you have alaska and united they spoken out against airplane manufacture and this week emirates ceo jumped into the fray the he told the financial
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times boeing has seen a progressive decline in standards they said they have to instill the safety culture which is second to none in the have to get the manufacturing process under review so there are no corners cut this is the last chance saloon very impactful words and it could not come at a worse time air travel demand is soaring beyond winners and losers, airbus is good to be a winner coming out of this. neil: has anybody wandered all the orders canceled don't want anything to do with it. >> you are hearing united and the other airlines for new deliveries going to airbus much more but there's still locked up with the contracts with boeing. neil: kelly o'grady in the meantime we talk about the various poll numbers and some try to feature in include the third or outside party candidates like rfk junior. but how we had any doubts he is raising a lot of money, $7 million in the latest quarter for a candidate. the media tended to write.
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>> the republican the democrats when you ask about healthcare or arguing whether to have obamacare or a single payer or a public private option and all of those discussions are just about moving deck chairs around on the titanic. he told an argument about who's going to pay for it. nobody's going to talk about how to end it and stop the ship from sinking. don't you deserve a president who is going to make it stop. neil: he is still presidential candidate you might not hear much about him that depends on the media exposure but don't blame my next guest was instrumental making sure robert f kennedy junior did have a large group to talk to in las
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vegas. he is behind the various political action committee that is making all of this possible, american values 2024 co-chair. i think we are having problems with his feed. if you could fix that otherwise i will update you as you are scrambling, what are the things we noticed in some of the latest poll numbers that rfk junior is still doing well he would hurt the president more than he would hurt donald trump in a match that would involve all the candidates but the fact of the matter is more money coming into his coffers and twice as much coming from truck 2020 donors then biden 2020 donors. i want to explore that with tony if he is there. we are going to take a break. but if i get him i swear i will get him with me q me when we coe
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use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside - and the other goals along the way. wealth plan can help get you there. ♪ j.p. morgan wealth management. neil: let's see if tony lyons is good the man 2024 co-chair and influential pack representing robert f kennedy junior. can you see me. >> it's all good maybe they're trying to keep me off the air like a try to keep bobby kennedy off about. neil: well played. let me ask you he seems to be rodney dangerfield showing much
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respect, does that worry you there is a push with all the money he is raising 7 million in the latest quarter to marginalized. >> i think there's a concerted effort to keep them from the public and to put it into context they're not giving them secret service protection and the dnc hired a law firm to try to keep them off the ballot in a lot of states he's been vilified in the newspapers he said pieces and all of them. why are people so scared of him. it seems like the democratic party and the republican party they see him as a real threat they try to downplay him but it's clear if the election was today there is a recent poll saying the only people that could vote were 45 or under he would beat try and biden. that's an incredible number for somebody who got so little airtime in there so many people in this country who are
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suffering and they feel disenfranchised and they feel bobby kennedy. neil: a lot of people there are a lot of people 45 and older it is not doing too great and mass without population. i'm wondering what is the battle plan how can you sell it in a three-way race or more that he has the edge. >> definitely what is happening, he needs to get 34% in the left in the right are fighting over who is taking more points from but there's been great stories showing he is bringing new voters to the polls and were fighting hard to help get him on the ballot in 12 different states are currently on the ground in michigan, georgia. neil: how many states do you think will be in by election day. >> i think you get in all 50 states, no question. neil: all you need is one vote more than the other guy in most
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states not all of them, do you think you can do that. >> i think there's a lot of states he can win in. more and more people are seeing that in their afraid in the middle class does feel disenfranchised and they want a fair election and their outraged of the tactics to keep sibley off the ballot who is pulling as well as bobby kennedy. neil: do you think he was on the donald trump running mate list, there was a back-and-forth on the. >> i think that was one more tactic. there's all these tactics and pressure. neil: is not true you are sa saying. >> i don't think that was a serious consideration for either party. neil: i just wanted to double check. will watch closely the downtown 206 points, jackie deangelis and what is now "the big money sh show". >> i got the sarcasm when yo
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