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tv   Cavuto Coast to Coast  FOX Business  March 12, 2024 12:00pm-1:00pm EDT

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ashley: the strongest human bite ever recorded, how many pounds of force. who has a clue on this? mike murphy. >> glad you came to me first. the answer is number 3, 702 pounds of force. ashley: lahren seminary? lauren: why would they ever record that? i will go with 440. ashley: i would have gone with number 2. the answer is what? one hundred 75 according to the guinness book of world records, achieved by richard huffman in 1986. that might more than six times the normal biting strength. we tell you everything on this show. thanks for joining us, see you tomorrow.
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neil: one of the more fascinating develop into this day, main street focused, saying president biden isn't being prosecuted over his documents because he is old and feeble. wall street doesn't care. it is ignoring it. we are not even covering it because we are covering something else. a big rally at the corner of wall and broad. not necessarily political infighting that is anything but. i am neil cavuto. that's the number that got wall street going. month over month a lot of this was we've got an uptick here. looking at core inflation which drop from the prior month, it looks a little good and a little bit bad. the trend, they still argue, would be the markets. this might delay a rate cut or two but doesn't stop that. it was a mixed bag.
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what do you think? stocks are running away with this. >> reporter: i don't think the market is thinking much about this at all. there's not much to talk about. inflation is pretty much where it had been expected. a slight tick up, doesn't matter that much. here's what is what is important. the fit is dated, what do they do with interest rates. it changes what their plans will be, the second half of this year. neil: let me get your take. the technology rally got beaten down. even though investors in any of these mechanisms, the nasdaq 100 doing very well. what do you make of what you call it?
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>> you have several sections of inflation. that is positive from the perspective of getting inflation under control. wall street and main street very differently, and services had a big uptick in january, and it is retraced like february. the cpi, markets had a big reaction to that. the fed had to deal with that discussion and this looks like ameliorating and going in the right direction even though some things are sticky and looking at isolated events that contribute to the cpi like auto insurance which is a huge. then you try to rationalize is this the big picture or are these isolated items giving us a slight uptick in inflation?
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neil: normally a lot of these reports are fairly black and white. i have been looking at some of the internals on this. you've got to look at harder than expected monthly and year-over-year reads, due to the core data even though month over month, showed it dropping a little bit and food didn't budge at all. usually see that rocketing along. you could say i see something to like or something not to like but didn't get me thinking that this is going to get the fed off of cutting rates altogether. how do you see it? >> i don't think it has much of an impact. the way the market is reacting is spot on. the market is doing what the market is doing as if this report never came out at all.
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they view it and say inflation is in check, that's a good thing. let's see what is going to happen in the upcoming months, to see if anything will change the fed's mind. i certainly don't believe unless there's extraordinarily and unexpected event that will do anything for the first we 6 months of this year. they have to make sure inflation is not going to increase. that's the main thing. then we will figure out what happens with them coming down the second half of this year. neil: don't know what the trigger point is when the federal reserve would move, used to be thinking got to get to 2%, well over that right now but certainly not at 9% which we were under highs but doesn't have to get close or would you have an anything handle on, the fed would make its move? >> don't know if they will
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wait, they will preemptively cut because of variable lags in monetary policy or wait until there's a problematic thing in the system, i don't think they will do anything the first 6 months of this year. largely because these prices in cpi, we see the reemerging narrative around global growth and some of these commodities including food prices moving higher from the commodity perspective, they have a 4 to 8 month lag before they hit cpi, an 18 month lag before it hits cpi. i agree, they have risen but on a lagging affect. inflation ran above 3% for much of the 90s, greenspan only cut three times in 1995 and a nice run up until you had the tech
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bubble burst so i'm sure the fed is looking at that as well. neil: not repeating the bad stuff but going to the good stuff, thank you so much. featuring robert hur getting your full from both sides. for your money. and the social media concerns, more from capitol hill. >> sources are telling me, and speaking to individual senate offices trying to make a last-ditch effort to save this apps from this house bill. anything that moves the needle,
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on both sides of the aisle, senator bennett, a democrat, just told us he would be, quote, happy to meet with anybody but doesn't think they would try to convince him more than he has before. republican senator corrine told us he would not be meeting with chu. they are sending the army, to call their lawmakers and beg them not to pass the house bill. yesterday the bipartisan leaders or how select committee on the ccp sent a letter back to tiktok ceo demanding they stop the, quote, campaign to manipulate and mobilize american citizens on behalf of the chinese communist party so harsh words there from the china committee. lawmakers would get more information about tiktok's influence as the fbi, doj, all will be on capitol hill this
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afternoon to give house members are classified briefing but the bill's fate is a bit unclear. there are legal questions. mark warner says he is concerned that naming a specific company and a piece of legislation could spur a lot of lawsuits. the bill is opposed by donald trump because he says it would increase facebook's influence but that doesn't seem to be persuading many republicans. >> i certainly agree with donald trump, what facebook did in interfering with our elections is not right and we are going to go after them and also seeing what tiktok is doing through the communist china relationship, to the national security. >> reporter: companies are stepping forward in terms of this buzz about a potential tiktok sale. rum
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ceo posted something on x saying he was interested in getting in the bunch of other companies operating tiktok offering cloud sharing services to tiktok users data. that would lead to one company showing interest in taking hold of tiktok. neil: great reporting. aishah hasnie on capitol hill. i love having him here, they can answer technical questions, internet law at george mason university, knows of what he speaks. the most simplistic, is it feasible to take tiktok down? to remove it from all devices in the united states.
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>> that the question before us. one of the things being alluded to is a ban on apps stores for hosting but if you look at the legislation closely it goes beyond apps stores, verizon, comcast, at&t being prohibited from transmitting tiktok over their tubes. it raises questions with implementation. with the internet service providers do this inspection? actually looking at the contents of our data as it goes over their too. that scary from a privacy perspective. one of the other challenges this legislation will face is going to be in the courts. we've seen two different courts reject this approach. once when donald trump tried to do it and the state of montana tried to do it so it will be interesting to see how the committee has worked hard to
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overcome those constitutional challenges and get something that will survive first amendment opposition. neil: you avoid politics. donald trump doesn't seem keen on doing something as draconian as just getting rid of it. bottom line he seems to have reversed himself and a lot of republicans follow his every word. >> a lot of the discussion has been around the word dan. it's about divestiture. adam: need proof that that's going on. that's the problem. >> one of the legal issues a lot of people in support of the legislation have hung their hat on is the example of a bookstore that was running illegal operations out the back of it saying first amendment
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violation to shutdown the bookstore and that's a false analogy because you had clear evidence of violation. one of the things that's happening now are those closed-door discussions going on where the intelligence reports are being provided to lawmakers that we don't know about about the actions of tiktok. one of the things that can be done and should be done is there's a piece of legislation sitting on biden's desk for well over a year, basically going to authorize government officials to go into tiktok servers to make sure the data is not being transferred illegally to china. it's called project texas. president biden's committee on foreign influence in the us has not taken a position on this and not authorized government officials to make sure our data is treated safely and securely. todd: we have to watch it closely. good seeing you again. we are following other
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>> i believe the terrorist threat level we are contending with his at another level from already heightened terrorist threat level we were seeing before october 7th. i see that for a variety of reasons first, you seen a rogue gallery of foreign terrorist organizations calling for terrorist attacks against us, in a way we haven't seen in a long time. neil: are since the hamas war against israel and israel's counter against hamas israel has become a target, we become a target and the border has become a porous way to reach the target. my next guest, oklahoma senator
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james lankford. the threat and the problem is real. it would deal with this and other issues for whatever reason, we can talk politics or people looking elsewhere. would that have addressed some of the things the things the fbi is addressing? >> the other thing president biden can do are the things donald trump did an president obama did and even those two presidents checked changes in the asylum laws, screaming and staffing, that's what the bill was addressing, wasn't everything we needed. it's a dramatic change in an open border when president biden would stop all over the are rolling he's doing right now. we are having thousands of people more than we can handle coming, asking for asylum.
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current law asks them to be addressed into the country, that has to stop. that wished shut down the trafficking. one of the things the fbi is talking about is the number of people coming in from russia, china, not just the western hemisphere but national security risks. neil: i caught up with him and he thinks when it comes to any kind of border related issues, the door is closed on that. this is mike mccall yesterday. >> we didn't pass hr 2, the senate refuses to take out. julie: democrats supported that in the house. >> that is true. i was told border related stuff is dead in the senate. i don't know but i chaired homeland for three terms, i was a federal prosecutor at the border. the authorities are there. the president can take action
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but refuses to do so. neil: you are in the senate so you would know better than i. is it dead in the senate? what you worked hard to get. chuck schumer says not happening. >> michael mccall brought up hr 2. and and if we are going to make law on this issue, we need to get democrats and republicans, it takes one person to make a press conference but you need 16 to make a law in the senate, that means you've got to sit down on both sides. we won't get what we want. can't just do nothing. we have to do something. there are a lot of things president biden could do now to dramatically slow the flow but even when we had 4000 today crossing under the trump administration they were asking additional authorities that are missing.
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i had a conversation with fbi director, thousands of people crossing special interest aliens. they are known terrorists. everyone talks about those on the terror watch list, we detained those, aliens coming through, we know nothing about them. most are released into the country. we don't know where they are. that is why do so important for the national security, we need to do something to stop them. lauren: 1 else said. good to see you again. thank you so much. all right. in the meantime boeing can't get out of its own way. after this. ♪ giving traders even more ways to sharpen their skills
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neil: when it comes to bowing's problems they keep piling on. that is just for starters. dan springer falling it in seattle. >> reporter: the conclusion of this audit is more bad news for boeing as the company finds itself in a major crisis over quality control. the audit was ordered after a boeing 737 had its door plug blowout during a flight from portland, oregon in early january. no one was seriously hurt, so all the planes could be inspected. the 6-week audit found dozens of instances where boeing and spirit aerosystems failed to follow strict quality control guidelines. 89 product audits boeing get past 56 but failed 33.
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in those 33 failures the audit found 97 cases where the planemakers did not comply with regulations. spirit aerosystems which installs the door plugs fared even worse failing 7 of the 13 product audits done on its worth. a product of example, auditors watch as spirit mechanics used the key to measure the width of the door sealand spirit technicians, into a door seal to lubricate it, not regulation. boeing is facing a federal criminal investigation after it was revealed the company cannot tell the ntsb who was working on the door plug when it was reinstalled, missing all four of the critical polls that pulled the door in place. they can't produce them for the ntsb investigators. based on the faa audit, quality stand downs and the expert panel report, to develop
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competence of action plan. to build customers and their passengers, the 737 plant in washington, 3 weeks ago, the company stock continued to fall, down 23%, down 66% since the beginning of the year. neil: the acting faa administrator, what do you think? how far does this go? >> thanks for having me on today. we remain in the safest period, in commercial aviation ever. the numbers in 2023 was the safest year ever but i would say categorically to the public, we are in a very -- i
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very much have a strong degree of confidence in the team. he will deliver a correction plan to the aft aa. i expect that to be comprehensive and the proof is in is in the pudding, see how they go on that. when i look at the string of events, we have to be careful that we don't conflate what happened to a particular airline, that that is necessarily relates to something on the manufacturer's side. airlines themselves have continuous airworthiness, maintenance in terms of how they maintain so it's a good opportunity to stop and make sure there's nothing we missed, nothing we should be doing differently. neil: the faa, everyone is looking at boeing more closely. the first thing you discover,
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you have a lot of contractors and subcontractors and subcontractors and subcontractors. you have a lot of hands on the tools here. planes have gotten more complicated and involved and detailed. is that part of the problem? a lot of people involved in this and it works out. you have any serious accidents, it was much higher in the sky, would have been a little different. we haven't had a problem but seems we are getting cocky about that. that's what the industry comes back, the worrisome incidents, subcontractor issues notwithstanding. >> we can never say safety is a journey. you can never take it for granted. articulated a couple good
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points. the system is more complex. i've been a pilot for 42 years involving safety and operation and excellence for 40 of them. i spent a lot of time thinking about looking at safety and what makes for safe systems and this is where you turn to what is the maturity of the safety management system? or in place at the airlines, you want to be forever assessing where you are in terms of quality, how well your contractors are doing, are they providing it to the expected level? these are good things not only for boeing but the airline industry and the faa, to make sure collectively, we are thinking through it, we go where the data takes us, where the investigation leads us and to the extent we have to make meaningful change we do that as well. neil: given boeing issues and problems, would you feel more comfortable on an airbus?
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>> i flew a million miles last year and almost the same the year before that. over the arc of my career, 90% of my flights were all on boeing get. i don't waste a second, when i do that, i am confident getting on it, getting on with my family, my children etc. . to the flying public, what we have is a safe system but we are absolutely right to stop and say have we missed anything and that is always a question we ask every day. neil: are those frequent flyer miles? >> it's a lot of miles. neil: former acting administrator, chief safety officer, good to see that in that perspective. the president submits a big budget of $7 trillion and now
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neil: the old line about presidential budget is they are proposed and disposed and don't go far but this president is trying and working with democrats in the senate where they have the majority, tenuous who voted. the senate budget committee taking up so many issues he has outlined. neil bradley is chief policy officer. what do you suspect what happened with this budget? >> hopefully not much.
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if you look what the president proposed it would be devastating for the american economy is workers all over the country. we are used to seeing these proposals particularly out of this white house that are unrealistic. this one may take the cake but we hear a lot about these proposals. let's hope they never make it into reality. neil: i will put you down as a maybe on the president's plan, the tax hikes, they generally don't like at are tucked into this might only. they pay for a lot more spending that will increase our debt over the next ten years by $15 trillion. the president is saying thanks to these measures, it could be 18 trillion and they are saving 3 trillion which is backwards logic. what do you make of that? >> it is pre-backwards but looked spending. one in four dollars in our
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economy would come from the federal government spending. we can't sustain a government that large. he password by massive tax increases. the president talked talks about taxing corporations. he proposes $2.8 trillion in tax increases on american companies, that the 55% increase in the level of taxes paid but who pays those taxes. we know the owners and employees of businesses ultimately bear the burden. the government's own data set a minimum of one in $4 of corporate taxes is paid for by employees through lower wages. when you hear the president talk about raising taxes on corporations what you should have in your mind is lower wages for american workers. at a time of high inflation the economy we are in, i don't think anyone wants this. neil: the corporations have been doing well from the last round of biden hikes and the
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wage situation is okay and could be better and inflation terms, the administration might tell you you are missing the point. >> what i would say is we want to keep a growing wage basis. we talk about the federal reserve and interest rates and the concern is we would push the us economy into a recession. i don't think the federal reserve will do that if they have a handle on where we are going on interest rates but if you put these tax hikes, that's the type of wet blanket that does result in slower wage growth. it does result in slower job creation and that's bad for the economy. our goal should be a soft landing and steady economic growth. you are not going to get that if you impose this kind of record levels of tax. lauren: 1 uphill battle to get any of this through either. good seeing you. thank you. what do you make of what he's seeing. is an appeal climb to get any
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of this through but you had a chance to look at some of this but there are more immediate issues like the expiration of donald trump's tax cuts next year. >> based upon what the president is proposing in the budget, nothing is going to happen related to taxes. what happens next year after the election, if president biden is reelected and has a democratic congress, we will see tax changes, say nothing happens related to initiating any changes. the trump tax cuts are going to expire in 2025 so tax changes are coming no matter what. do we want to just let it happen or are we going to take some action to put together something that makes sense in how we run the government and how much tax people will pay? neil: this is a big issue with
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you that we have to do something with entitlements even for the younger generation, something we never do, donald trump out of nowhere says he's open to these very issues but steadfastly opposing it, the biden administration jumped on him to say we will never touch it. what do you make of that? >> the issue is what happens with these social security shortfalls. that's the big one. you have two options. either you will increase the retirement age, which people seem to not be too open 2 or you are going to somehow tax more to be able to make up that difference. here's the thing. social security tax is capped at one hundred 68,600. that is is for 2024. what that means is if you're making one hundred $69,000 or more you stop paying social security taxes.
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what i think we could see is that being lifted being lifted and when that is lifted now you are talking a lot of tax not just for the employee but the employer. that tax is double-sided. that's a huge potential tax increase. on top of that, if that did go through with president biden being president, that would bring up an issue related to no one under $400,000 paying any more in tax. neil: what's the likelihood adding a video that you q it is an election year after all, sometimes the first year of the new administration you could see stuff like that. >> if president biden is reelected he will push for that. what he will do to get around the 400,000, he will create a doughnut hole where he will say
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no increase in social security tax up to $400,000 but over $400,000, the cap is off and you have to pay more tax. neil: watching closely. meanwhile, this is still going on. robert hur, special counsel, did not indict the president on classified documents, pretty much everywhere. he's getting a lot of heat from republicans and democrats who say just giving him the excuse, he's an old guy, that is not flying. ♪ you always got your mind on the green. not you. you!
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>> reporter: robert hur taking a shot on both sides of the aisle, republicans torturing him for choosing not to recommend charges for president biden's handling of classified information and democrats scorching him for his decision, about president biden's bad memory, several democrats tried to press hur if he's angling for a job in a possible trump administration. others needling hur about his political motivation saying he should have centered the report since it was going public but hur said if he left out his comments about the president's memory it would have been an incomplete and improper report. >> politics played no part in my investigative steps. >> you cannot tell me your so naïve as to think your words create a political firestorm.
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>> the regulations required me to write a confidential report of claiming my decision to the attorney general. >> which unit would be released. >> it was up to the attorney general to determine. >> reporter: republicans are not so cheery that hur decided not to charge biden even though hur admitted at times biden was dishonest and has proof pride and money motivated him to classified the documents and hur says the decision not to charge biden doesn't mean he is innocent, but that he didn't think a jury would convict a man that has republicans angry. >> i have to do when i am caught taking him classified materials and say i am sorry, mr. hur, i'm getting old, my memory is not so good. it is frightening. >> my intent is not to establish any doctrine. i had a particular task and set
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of evidence to consider. with respect to one set of evidence. that is what we did. >> reporter: the justice department hours before hur was expected to be here did hand over the transcribed interview of this conversation but between hur and biden and in that transcript the president said i don't remember or i don't know. 44 times. really setting the groundwork or hur's analysis that he doesn't have the best memory. neil: ronald chapman, federal defense attorney, what do you think comes of this? >> donald trump is going to use this to his advantage for a jury nullification argument or maybe even a motion for selective prosecution. it's clear that we live in two systems, one in which you are a democrat and commit alleged criminal offense under the espionage act and do not get prosecuted because you don't
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remember and another system in which donald trump is facing prosecution for the same thing. this doesn't sit well with the american public and american jury sitting down. neil: some will draw a distinction between the former president and this president, donald trump had a lot more documents as a lot more shuffling of papers going on around there. don't know if it is true but this notion that there is no comparison. what do you think? >> judges tell me goes to wait and not admissibility. whether or not somebody is more guilty is irrelevant when it comes down to determining whether or not they should be prosecuted. it was representative mcclintock who said it's a scary thing we are creating in our system of laws and that is how the department of justice should look at it. a crime is a crime and whether or not they have the mental capacity is a separate question that should be analyzed separately.
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neil: in the case of what hur is saying, there was prosecutorial action that could have been taken, but he held off because he is a nice old man. that's the gist of it. the jury would be sympathetic. should that interim to a decision whether or not to bring charges against someone? >> that can enter into a decision when we have actual proof and evidence that the lack of mental capacity prevents the crime from being able to be proven. we have situations like that, somebody can be declared incapacitated, insane, and not have the ability to formulate intend. that specific in our laws and not something that hur found. that's because if he did we would certainly have an argument that biden could not continue to be president of the united states. biden coming saying i don't
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know many times is avoiding a perjury trap by saying he doesn't recall. for that to be used as a nonprosecution district in a strange move in the department of justice. neil: if you want to be cynical about this, maybe the president was feigning this brain lapse or looks like an old man thing, that could be -- to say i'm a doddering old man without saying i'm a doddering old man. >> that is absolutely right and that is something defense attorneys advisor clients on for years. there's nothing wrong with saying i don't know when you don't have a specific answer to the question. neil: if hur is going back and forth all this time, i don't know, i don't recall, his mind is wandering, i was reading the details here, stories about when he just started, in the senate or washington and the other guy is listening to this saying this guy is all over the map.
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what does that mean? >> it will create a sympathetic defendant, somebody who wants to tell stories but doesn't answer the question, was there a mental capacity to commit a crime and that is something that more specifically analyzed under the laws available today. lauren: 20 do you think there was? from what you heard? >> appears to be there was. we had receipt of the boxes. we know he kept them. we knew that information was shared. we had identical fact patterns to other people who were prosecuted by the department of justice and we certainly have the evidence. i think this mental capacity issue is a convenient way to split down the middle. culpability but no charges. lauren: 20 ron chapman is federal defense attorney. the dow is up appreciably. we have the dow in the s&p following along with the s&p,
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neil: technology stocks back with a vengeance, in and out of $900 a share of appreciably but a lot going on for the ride as a lot of those concerns eased. taylor riggs and the gang with more

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