stuart: what is it? ashley: i think it is 24 feet. stuart: you are correct. i agree with you. >> 24 feet. stuart: the net is also 8 feet tall, the crossbar is 8 feet and the goalie's box on the pitch is 36 feet wide and 18 feet long. do you know during the world cup in the 1990s americans tried to change the rules, they want to four quarters to say in commercials -- >> it is sacrilege. stuart: thanks for taking part. we will see you tomorrow. coast-to-coast starts now. neil: forget stocks. all the glitter for now is gold, it is at another record

in case you were counting, 8 days in a row it has been doing that as the precious metal pushes toward $2,400 an ounce. we are following that because that's the big story, not stocks or commodities like gold and silver and a bunch of funds and indexes that are tied. all this talk of the fed governor talking about delays and interest rate cuts and advocating for rate hike has traders thinking about long overlooked inflation hedges. throw in volatility, anxiety over irani and counterattacks, it's not stocks that are the story but commodities breaking in as we speak. we will be speaking shortly to israel's former ambassador about all this in a second. alternative asset manager, investors found their own stock market alternatives. to gold, what is going on?

>> the royal we are lumping commodities, there are a number of drivers, in the case of gold there's something going on as we mentioned that they are turning their inflation to inflation hedges. looking at the inflation markets and breakeven market where 1-year inflation is been trending higher, what's going on with oil is leading to what people care about which is gasoline prices going up 360 a gallon, people have gotten worried about inflation and gold for many centuries is seen as inflation hedge. neil: bitcoin and crypto is very volatile. so today. how do you play that now if inflation fears are back, i don't want to overplay of the fear thing, no longer getting the interest rates that come down right away. >> i don't think inflation fears the right way to put it.

if this is your concern, not that inflation is set to reignite. neil: the middle east is wildcard. >> oil is a wildcard but the issue as you laid out is that inflation is not going to come down as the fed measures it, as quickly as we thought. fed members suggesting we may not cut rates as much as we thought or as soon as we thought but they hedge against that. neil: what if the fed doesn't cut it? >> my over under has been 2 remains 2. two cuts. neil: half a percentage point. >> they want to get one in the summer probably with space between the election and have one afterwards, maybe one more or one less but could they do none this year? absolutely and to be quite

frank, the fed itself, if fed members weren't so vocal about their desire to cut rates a lot of market participants would be saying why are they cutting rate at all? neil: retail inflation, cpi had 0.3% month over month, a lot of people are hedging their bets on this. does that veer you away from technology, which doesn't do too well in an environment where interest rates potentially pickup or is that overdone? nvidia has been on fire so they are less on fire but what do you make of it? >> there's two different answers to that. come to know nonprofitable tech. that's more interest rate sensitive, they are way down into the future and the math behind all that get dicier but

this is not what i do so take it with a grain of salt but google nvidia or facebook or any of those mag 7, there earnings are here and now and less interest rate sensitive, look at the performance of the first quarter. most of them, apple didn't do as well but most did quite well even though interest rates backed up by 20 or 30 or 40 basis points. neil: and stocks do well? >> i don't think it's one or the other. there's a lot of work on the energy side of things, we have investments of space, energy is going up with geopolitical risk premium getting built in ukraine in the middle east. that's what is happening more but the larger issues demand is held up exceedingly well, that means higher demand for oil and higher oil prices and assuming that's because of higher demand

which has been stocks in general. neil: great having you, you know your stuff. >> i am there to impress you. stuart: the you did that. kelly o'grady is following an exception to the tech selloff, the tech surge, talking about tesla, what's going on? >> it has been anything but a smooth road for elon musk and has low this year. there are headwinds including ev hesitancy in china's growing dominance in space. the billionaire insisted it's coming along well. a huge drop in total's deliveries, a lot of customer frustration in the entire industry slowing. according to gallup, less people now say they could drive and ev than last year, you could see 35% now but there's been a lot of excitement about the new low-cost model chesler intended to debut, there are new reports the evmaker may have scrapped those plans.

musk has denied that but it didn't stop martin ever hard from opining it would be a shame but underscored it's an opportunity for china to eat up that share. automakers have been more successful bringing low cost models to market consistently undercutting tesla on price. the billionaire admitted it's not just a problem for them but the auto industry at large. >> electric vehicles or cars in general, are the most competitive. that is where we find the toughest competitor challenges that they work very hard. >> reporter: the stock is up because of the robo tax fee unveiled in august and game changing for the stock but we have accusations with product rollouts and the autonomous

vehicle, and there are no hiccups on this one. it looks like gas prices are going through the roof. neil: think.

>> barely a week goes by without some new announcement and my guess is we will have a i, more than any one human by the end of next year. ai, the total amount of sentient computer, ai, we will

see more humans in five years. we 20 on that upbeat note, open the pod bay door, hal. scott martin here, you and i talked about artificial intelligence for a long time, he built a career on it but the fact is when you have the richest guy on earth and the most prescient when it comes to opportunities for in excess of 100%, a little

giveback, 10% to 12%. i noticed not all plays, some maneuvering with intel, rival chips and google talking about its own debut products. how do you play this ai thing, they are adding to positions. >> he and i are birds of a flivver because of the fact that we talked about this before. and pseudo-ai companies that come out and earnings reports doing this ai stuff and all of a sudden stock jumped 10%. we joked about that the course of this year.

the reality is there will be 5, 6, 8 companies that come out as ai leaders. apple, tesla, nvidia and some of those companies fall back. and the speed of the ai, wherever it is applied to, companies need to be invested. and to your point when they pulled back, to add to the position. neil: you have that jacket choice.

>> is telling me everything is >> is telling me everything is going great.

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neil: a couple minutes from the former israeli ambassador to the is not a set date of public knowledge

diane: friend and your crew, please be safe through all of this. always face that craziness. it would be a mistake to say this is benjamin netanyahu's policy.

we 20 >> hamas withheld essential forms of initiative with the same plan palestinians are being killed and after his relapse destruction, held up the delivery of claims to israel and there's been a lot of precedent for this. president truman had an arms embargo in 1948-49.

at the end of the day i don't think congress would approve it on the democratic or republican side. the aid is above interest for the united states.

even that number just gets an awful lot in the united states including by officials, not remotely accurate. the percentage of combatants to civilians killed in gaza is lower than it was when america convened in iraq, afghanistan, and syria. but there are other indications that is related -- violating international law and i wish these remarks would be removed. israel could always do a better job fighting the pr war. it is really about giving time and space for israeli forces to

complete their job. it is essential for security of the middle east and the united states. we are facing an enemy that defies our common principles. we are fighting for civilization, not just our own country. we could do a better job getting our reality out there. what i told you, how many people know that when israel gives a target it goes through the process of approval and we haven't made that clear. of strategic interest in the state of israel to do that and give our troops the time and space they need to win. neil: very good seeing you again. thank you. he's making news for domestic violence offering more spending initiatives on healthcare. and college forgiveness, once said and done with the latest plan, 25 million would see their college loans costing one hundred $50 billion. who pays for that after this. ♪

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neil: marjorie taylor greene making a push to get rid of mike johnson as speaker. she needs more support even though a single congressman or woman can set the process in motion, she's not getting a lot of follow-through from her colleagues. congressman mike hall from the

house financial services committee, a go to guy on all of this. happy that he got to us here. where does this push the speaker out thing go? >> i hope it doesn't go very far. i wish my colleagues learned the lesson from last october when 8 folks teamed up with 208 democrats to remove speaker maccarthy and through the majority into chaos for three weeks. there's nothing to be gained. neil: kevin mccarthy doesn't speak ill of marjorie taylor greene. >> they had a good working relationship and she was supportive of kevin. neil: i only say because does that indicate kevin mccarthy shares the view that mike johnson -- >> no. former speaker mccarthy understands better than anyone that removal of the speaker not

only doesn't serve the purpose but undermines the majority. the voters elected a house republican majority to govern, to serve as a check and balance on the biden administration. we have people who have undermined the conference and it is not helpful and i don't think what marjorie is doing is helpful and it's not helping with the majority. if you look at the math democrats thought they would gerrymander new york's congressional maps. it didn't work. my district stayed the same, district biden won by ten points. we are doing well in it. lauren: 1 the extreme left the same thing but your party in particular there is this due to rabble-rousers in some places, i am wondering what happened? >> not necessarily your show but many folks do it because it gets them attention, get some notoriety and coverage on tv

and helps them raise funds. neil: you are a calm, rational younger guy who called out colleagues who go nuts and not suffered for it. >> my district knows who i am and i try to get the job done. i'm tired of the fact the first bill i got signed into law was to create special envoy for the abraham accords, with serious challenges, the abraham accords will be critical as we move forward. of the 20 we are dangling israel on the vine. >> what chuck schumer did, standing on the senate floor with nancy pelosi basically trying to make benjamin netanyahu the bogeyman rather than focusing their ire on how mass. if you want to cease-fire the fastest way is for hamas to surrender and the hostages to be released. to call for regime change in

israel, and dangle aid to israel. neil: whether justified or not, compound that. benjamin netanyahu made clear the date of this invasion apparently, don't think about it and is going to do it. >> israel has a right to defend itself. what would the united states do if a country was threatening to eradicate our country? if you had iran funding hamas, 90% of their budget, greatest state sponsor of terror, china purchasing arabian petroleum, if you are being threatened, what are you supposed to do? you have to defend your country and your citizens. innocent israelis and americans were killed on october 7th. we have american hostages being held, the press conference with the families of these hostages, they want their loved ones released. hamas had multiple opportunities to agree to a cease-fire and release the hostages. neil: siphoned off to these terror groups.

>> that is a big concern. when i was in israel after the attack our embassy had concern about where the hostages were, not just hamas holding them. that's a concern as they cannot account for these people. we have no proof of life or safety and well-being. this is a real challenge and so when you are trying to negotiate terms, how do you negotiate with someone who what's to eradicate the state of israel and refuses to cooperate with the release of innocent civilians? neil: thank you for your calm demeanor in these crazy times. mike lawler from new york. some news concerning the president of the united states. he is in full campaign swing, not only looking at for giving more student loans but beefing it up with other strategies, it will score some points for him.

edward lawrence. >> reporter: the president speaking moments from now in union station, he will tout his budget and more spending, universal pre-preschool, the president will also likely say the us has the best economy in the globe. when you peel back the onion, you see full-time workers fell and the number of part-time workers increased by 690 one thousand part-time jobs traditionally pay less. this could be the reason for the sagging economic poll numbers. the real wages are down 2. 5% since the month president biden came into office through the latest data. the president acknowledged the hardship with the student loan debt, he is bowing to forgive. >> president biden: even if they get by, they have this crushing debt. that's not just a drag on them.

it's a drag on the economy. can't afford to buy a home, start that small business, chase that career you've been dreaming about for a long time. >> reporter: the missouri attorney general plans to sue over the new student loan bailout plan. >> the last planned biden put forward would cost taxpayers $34 million, more than half $1 trillion nationally and we anticipate this plan would cost the same amount if not more. we know nationally it cost more. we can't let president biden settle families of ivy league debt. we have to keep pushing this forward. >> reporter: republicans say forgiving student let down -- student loans for some is not fair including the committee for responsible federal budget says it is inflationary. neil: a beautiful day at the white house. boston globe editorial board member, let me ask a little bit

about student loan thing, up to 25 million students whose loans will be forgiven or cut, an average of $20,000. it is money being added to the debt, not a plan to pay for it. as far as i understand. >> it's unfair for the 50% of americans who didn't go to college and don't have student debt. they are worried this could fall on them in some way but ignores the real issue which is tuitions are insane and need to come down. this is a short-term political hail mary for the president because he's suffering with young voters. we 20 i'm wondering, young voters you might win over with having their loans cut, there are other young voters who are not part of this gravy train. couldn't it be counterproductive in the end? >> young voters are smart and

realize it doesn't get at the core issue which is high tuition and a lot of young voters are working to pay off their student loans as well. this adds to the economic frustration i heard from a lot of young voters on the campaign trail, south carolina to new hampshire. neil: makes these announcements like in wisconsin yesterday about the ground state, he's leading a little bit. to hear the white house cellist, what do you think? >> because of what exactly? i see -- i think again the american voters are smart enough to know their grocery bills are higher. hard to pay for tuition. students now are realizing the vocational debris might have been more economically effective for them, more portable community college would have made more sense than forgiving student loan debt. the president is hemorrhaging voters he really needs. wisconsin leading a bit, pennsylvania is a tossup and

that was an easy win for president biden in 2020. neil: the president has the advantage, with the florida hall, never have that gap but he has that big advantage and will blitz the nation with airwaves harkening back to january 6th and all of that. what do you make of that? >> i think it should be of some concern to republicans and the trump campaign because i spent a lot of time reporting with independent voters in swing states like new hampshire and a lot are concerned, january 6th is a grievance with the former president. i don't know if getting out after add from the biden campaign is going to convince them their groceries aren't too expensive or kitchen table issues aren't serious enough to make them swing their vote. the real concern, this is for

both presidents running campaigns right now, will voters even turn out? that's a bigger problem on both sides. we 20 that is very interesting. now it is -- neil: jump ball i guess. very good seeing you. in the meantime, we are following a number of developments on the market, giving up the do gains we had earlier but not down as much as we were earlier, the dow was 300 points. a lot of this is built on this. if you, don't be dissuaded by selloffs or buying opportunities. financial author, the guy has an uncanny read in his markets. he thinks we are looking at a crash. ♪

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neil: we had a bullish guest at the top of the show, he's looking at a different whirlwind and joins us now. he is prescient a lot of trends but on this, a lot of folks are saying we hope harry is way off the market. what do you see about the consensus at wall street?

>> we have the great boom with baby boomers. i am richard leading that in the 90s but then a slug out in 2008 when the baby busters hit their peak spending. how did the government get through that. $27 trillion in deficits from the government and money printing combined since 2008 downturn to get us through the long dip in spending and now the millennials are ready to spend money, that i predicted a long time. and this massive financial asset bubble, superhigh debt bubbles that i think we have to have with this 525 basis points in tightening which came from an overreaction to overstimulating over covid which didn't make sense. i think they are going to hammer down, we can feel this in our flag into next year the we have to finally have a short-term debt bump before we can get going get on the next great boom.

this is a classic example of government's interfering with an economy they don't even understand and trying to make it better and they make it worse. lauren: 20 one thing i come up with is we've had debt piling on, trillions each year fried don't know how many years that we got under control briefly. what is the ringing point. why is this the crescendo >> 525 basis points, the announcement did in 1980-81 and that caused the deepest recession since the great depression, from 81 to 82. this is strong sudden tightening, and overstimulating. and people overspent and over borrowed. and then clamp down and created 9.1% inflation. and what they were predicting

for a long time. now they forced this debt. i understand the economy from studying it. and it deal leverages, and detox bad investment. it was not allowed to do this. i'm telling investors waiting to the stimulus, we won't know until early next year, i think we will be in a recession. >> what if we cut rates. if some suspect that they are delayed, how will that change the equation or will it? >> that the best thing we can do. they have already put it off, and the yards are for the

bookies it will be july at the earliest. and the 1.5 year lag, and it goes longer than we think and when it slows the economy, it is later than you think, that's the problem, if they lower rates in july. neil: so spell it out. what kind of crash are you looking at and then tease something that comes after that? >> one of the covid lows but it's not that long ago.

they poured most of the trend of 27 trillion came after covid. that the most likely target, could go back to 2009 lows. that would put the markets back in good valuation and allow millennial's to have a boom they can invest in and make money. no one will make money buying stocks from here. i guarantee that one. neil: for interest rates,

>> it's the simplest treasury bonds back when 40% in the 2008 crisis that could cost double. the safest bonds on earth don't have value because of the effective safe haven. jack: q very much. we will have more after this.

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neil: this was not my plan. i want to pick charlie gasparino's plan. charles: he's a smart guy, not taking issue with the. neil: saw the 80s boom. and he's calling for a crash. neil: talk to blackstone guys and others. charles: larry mcdonald used to be a traitor, he's in their harry dent atmosphere. he sees massive amounts of debt, the fact the treasury is sold mostly on the short end and not taken advantage of

long-term rates, to issue more at higher rates and feeds on itself. he sees that as being a catalyst for the market crash. it is not absurd what harry dent is saying. we been waiting for this crash for how long. the us economy is a resilient economy, capitalism does work and some supplies. neil: was kind of intimate on it but we won't get to the subject at hand. the meltdown would be a picnic compared to this. charles: the financial meltdown. that's what larry mcdonald is saying. if we had fiscal policy that was rational. let's say we start addressing it, eliminating it.

we start cutting the deficit, imposing some supply-side tools to glow the economy, tax cuts. start addressing, rationalizing fiscal policy, it will go a long way. neil: ronald reagan did that with the race commission. that commitment and reagan was raked over the coals. charles: i actually met him. the rh grayson company. neil: it can be done but you have to start with a precedent. charles: something different in washington. neil: pizza for everybody. we got jackie deangelis and "the big money show" gang. jackie: hello, i am jackie deangelis. taylor: i am taylor riggs. brian: i am brian brenberg. welcome to "the big money