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tv   Cavuto Coast to Coast  FOX Business  April 18, 2024 12:00pm-1:00pm EDT

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1912, 1920, 1929 or 1938. what is the answer? >> 1938. >> 1938. >> 1938. ashley: what do you think? ashley: i sniffed something out, 1938. lauren: 1929. there you go. >> i will join the family, 1938. stuart: they looked it up and i will say 1938 and the answer is 1938. new york architect, meant to be a distraction for americans during the great depression, scrabble by the game manufacturer james bruneau. we are out of time. the kids won't be back for a while but coast to coast starts now.
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adam: quite the nailbiter going on in real time, not that the bulls are waging a last stand but trying to break a pattern today, the s&p trying to recover from a four day losing streak for the nasdaq trying to avoid 1/4 straight losing week with tesla, longest losing streak in four months or the russell 2000's worst month since 2,022 nevermind a long bull run, the media rife with stories, it's run is done if things don't turn around fast. amazing what a few selloffs can do, these are the times that try men and women's souls particularly their investment souls when all the major indexes are low this month and not many trading days left to reverse them or the same three average is trading below their 50 day moving average, there is a lot of pressure this day, that's the one thing about
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selloffs, they breed more selloffs and cynicism. this could be the day we break that pattern. what do you think? >> reporter: a lot of reasons for optimism and also fear. top of mind has to be inflation. as the fed talks about, you have to be data dependent and the data is not moving towards that 2% inflation target. and the big winners of late. at 52 week highs. not red or blue or green, some of the green is indicating higher inflation is in the cards. >> might be higher than we thought it would be but it is down from what it was. i wonder what the balance is. if we give up the notion of
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rate cuts this year period they don't happen. can the markets deal with that? >> stocks can go up in periods of inflation but makes it more difficult for high pe stocks, even the last couple months we see value oriented names persevering. he or she had the average american family getting $10-$12,000 more with the same basket of goods and services than they were three years ago. this is starting to hit. we are under jimmy carter's administration, you in turn in his administration and thought he had inflation with and kept spending, congress kept spending and saw interest rates go from 8% to 14%. even jamie dimon thinks interest rates go to 8%. gives me a lot of caution
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investing too far out when inflation isn't like and getting hotter. neil: jimmy carter was a friend of mine. this is not the jimmy carter days, not yet anyway. i do wonder, we had expectations rates should stay low and mortgage rate news that we are back over 7% on 30 year fixed mortgage. existing home sales like new-home sales, we are seeing a little bit of data going on but i'm also seeing the united airlines folks and others talking about busy travel demand for the end of the year, hotels still booked, theaters still pack to. it's not armageddon out there. >> never want to bet against american, the most entrepreneurial, capitalist created economy in the history of america but interest rates, talking about cutting rates, interest rates are going from 3.
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8% % to 4.6% on the 5 year note. issues most sensitive fed interest rates. neil: the market rates beyond the fed's control, markets are anticipating continued price pressure. that isn't good for stocks and is out of control. what are the odds you see that happening? >> inflation is because not by wall street profiteers are greedy corporations but by the profligate spending in washington dc. i am seeing so much of the same mistakes of the carter administration. when jimmy carter proposed a student loan giveaway, and it was much lower on an inflation-adjusted basis, billions out the door, fueling inflation and the fears, my fear this problem isn't going away it is getting hotter.
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historically once inflation goes up at 5%, takes a decade to get under 2%. we could be looking at 2041 before inflation is under control. neil: need i point out donald trump was very good at spending. that was before. not exactly. >> paying the price now. neil: good having you. eric shawn talking about donald trump, they are back at it, the jury selection and all that. >> you are summoned for jury duty and come to court, you know this trial is going on but you may not expect to get picked for it. a lot of other trials going on. we talked to one of the jurors who was excused, she says she was shocked she was picked. this comes as the da, alvin bragg, put the former president and more hot water.
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the juror said she had no idea when she came to the courthouse she could be called for this case. she would only give us her first name and that she said she was shocked to see the former president in person. >> we were shocked. it is a big case. a historical thing. it is very important. our role is very important as jurors. >> reporter: the second jury and see number 2 had second thoughts and was excused. turns out friends and family figured out tuesday night that she was chosen for jury. she is an oncology nurse and went home after being selected. she got spooked the details about her life were so apparent even though the names aren't being made public so she came in and called the judge and said she had concerns about
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being fair so she was excused. alvin bragg's office demanding trump be cited for contempt of court because he posted 7 more social media posts slamming the proceedings and reposted articles and media commentary critical of the prosecution. three posts that attack stormy daniels and michael cohen recited by the da. in court, trump's lawyers argue his reposting what others say does not violate the gag order against him. the former president has claimed he is being unfairly muzzled. >> there shouldn't be a gag order. the gag order is unconstitutional. the judge should not be there. the judge is highly conflicted. >> second batch of 96 potential jurors are called in. when the judge asked if anyone cannot be impartial or judge donald trump fairly, 48 people raised their hands and those 48 have been excused.
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and the jury box, and the art of the deal, no one small those follows donald trump and michael cohen. neil, back to you. >> a former iran desantis donor, very rich guy and now of course dining in mar-a-lago doing the same for donald trump, how good to have you. what was that? >> there were 200 people there last night, senator jd vance, donald trump is not able to be there, been on the schedule for months, up in new york doing the trial so you had jurors saying it's great to see him in person.
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basically because of this trial and this is the first example of election interference. 200 people, a lot are big donors, called in and spoke to us and donald trump junior spoke to the audience, donald trump, the former president was not able to be there because of this trial and at the end of the day where are we going with of this? do they really think they will put him in jail? will he be at rikers island? where are we headed as a country with this trial? i think it's a scam. i think it's election interference. it is already interfering, two days into an and he couldn't attend a big event to be on the schedule for months at his home in florida. neil: a few months agaric, supporting ron desantis are mentioning these trials he would be facing, that's why he shouldn't be the nominee. at mar-a-lago, this stuff with these rich guys, what happened to you?
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>> it a binary choice, we could be stuck with president biden and we can't have that. adam: what did the president say, nice to see you back. >> he did not at all. i doubt he knew i was there. i will say this. neil: he knew you were there. >> talked to the group, talked to the trial and what's going on and what the problems are. neil: i keep -- i'm sorry for that. and donate to him. charlie gasparino said the court thing and everything else is galvanized a lot of the money base of the party.
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is that what galvanized you? could have been just the fact that he was dealing with, how he has been trying to campaign through this. what got you guys excited? >> the trial and what's going on does galvanized. the more this goes on the more upset people get. i am upset. where are we headed with this? will we have donald trump in jail? what's the point of this trial? neil: if he is convicted of any of these charges he should go to jail. >> no. these charges are a joke actually. we already had this. john edwards who ran for president in 2008 had a similar trial where he had paid off his mistress, had a similar trial that was all thrown out and
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nothing happened, that there was no crime in this and it was a different situation. neil: that wouldn't change your mind. the conviction would be unfair. >> a conviction for what? neil: we follow closely. the aforementioned charlie gasparino, what do you think? a lot of money guys are rallying around that. >> and exactly what i heard from someone else who attended the john paulson dinner in palm beach two weekends ago said the same thing.
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it is hard to argue these charges are trumped up and unprecedented. than i asked about the jack smith case, trump took that, did he take the codes? if you look at these cases, they seem so picky. neil: that is how it scored. it does stop him and doing other things. charles: the second part of the argument, it's a binary choice. look at president biden, look how bad he is and what he's doing with the economy. talking to people on wall street, what is the game plan for president biden if the fed doesn't cut rates which every day it seems like they are not. neil: the atlanta fed president said the whole rate thing.
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neil: june is off the table. charles: what is president biden doing? a number of things. he's ramping up spending get to astronomical levels. he is buying votes, student loan forgiveness and a lot more. janet yellen, as bad as trump was fiscally, janet yellen is issuing so much debt, she is issuing short-term debt so she doesn't screw up the 10 year yield on mortgage prices and -- neil: as treasury secretary you have to finance the new spending. neil: doing it -- compounding -- charles: not even that. the most fiscally irresponsible way. and she and rolling stuff over. at a recipe for disaster. and when how looks at that.
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>> it's binary. this whole thing with spending. and more student loan type forgiveness deals. lauren: 1 about truth social? it is very volatile. and a short sale, and sell it, you have to buy it. charles: i've been writing it for years. it leads to pops on the stock. neil: this might just be that.
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charles: or people piling, charles: it was weird and irrational. >> they rightly and they write you and they say you're comparing this to a meme stock. neil: it is nasty. charles: at the company with massive massive head wents. social media. elon musk is pulling his hair out trying to figure out how to mind x, many more users, more infrastructure. julie: are not a believer in this thing. charles: social media stuff is hard. aside from donald trump, who is on truth social that you know? neil: i don't know. neil: you don't engage. julie: we work with a lot of
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younger people. neil: get stuff back. neil: i hate the ones that call me fat and i say the camera is 50 pounds and actually no. charles: that was -- neil: he doesn't want to tease anyone in his coming book. phenomenal. or just go home. i have no idea what that means. i don't know if you saw these protests going on at harvard and colombia. last night it got a little rocky, and more to come. a lot more after this. ♪ [city noise] investment opportunities are everywhere you turn.
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her uncle's unhappy. i'm sensing an underlying issue.
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it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. neil: new york city is where that was happening on the columbia campus as a lot of protesters demand the university diverse itself of any company at all tied to
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israel, things are counter today but let's just say they are getting nervous and we can see more protests with more. how are things looking today? >> things are starting to ramp up here. you mentioned those protesters, also a big encampment on campus, 60 tenth pinched by student protesters and there have been several warnings the campus will be -- come in and remove those protesters. we have yet to see that happen but we are not allowed on school grounds which we have a really clear view of what's going on outside the campus gates and step out of the way to have a better look. there have been several protesters who continue to gather here chanting. some of them are chanting calling israel a terror stage and this same spot we saw pro-palestinian protesters taken into custody. we heard at least 5 total
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people were rounded up before 9:00 a.m. and three people were arrested in the same spot just outside the campus gates. organizers set on social media they were there to stand in solidarity and encourage protesting on campus where the student paper reports protesters voted to stay in the encampment for another 24 hours. columbia tells us the students risk suspensions or arrest. a jewish student told us how he feels walking past. >> makes me scared and feel embarrassed to be part of the institution. columbia is supposed to be a center of education, free-speech and morality. such an obvious deviance from that. >> this has been looping columbia's campus calling on the resignation of columbia's president today after she was
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grilled on capitol hill about anti-semitism on campus. and faculty members, visiting professor who allegedly expressed support for hamas following the start of the israel/hamas war. >> he was told he will not work at columbia again. >> he has been fired. i don't understand the distinction, fired versus he is leaving. >> he is leaving and he has a written record on his record. >> he wasn't fired but is voluntarily leaving. >> he has been told he has to leave. >> reporter: columbia university hasn't responded to our request for comment about when his termination takes effect, but you can hear behind me more protesters showing up just outside the campus gates
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chanting, banging drums. we are noticing four police officers arriving to this area. now they are showing up. a lot happening out here. we will keep monitoring the situation. back to you. lauren: 20 be safe from all that. when i hear cases like this, and dealt with the same characters that are being praised in some of these protests, what he would make of that. brian mast is a former congressman, he served in afghanistan and elsewhere, lost both legs in an ied explosion. you might say he has a vested interest in this which i don't want to embarrass brian but i did want you to know he carries more gravitas. good to have you. >> good to see you. reaction to that? think about the fact what those people did to me in afghanistan
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they would willingly and happily do in the streets of gaza and many other places, to most of those people protesting. i would tell them let that sink in. you are cheering against a country that reasons you, the opportunity to decide today is a better day in exchange for a country that would happily kill you, your family and every part of your family tree. neil: you are still young man, you could be my son. something is happening over the last year. i don't want to trigger it to the hamas invasion of israel but whatever sympathy israel had was very short-lived even after the uranian attack on israel. these protests ensued, some say timed to that. what's going on? >> you to see individuals across the country not tying support for other countries to
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whether those countries are supportive of their country that gives them that opportunity. to say that more specifically they are not saying is is real and ally and do they act like an ally and do things we expect of an ally? yes. is gaza and ally and act like an ally and do things we expect? no. they are in no sense of the word and ally but they are not aligning themselves with what our country takes as allies, they are aligning themselves with something perpetuated by lies by hamas, by the palestinian health authority and others the will parrot those lies. neil: they do what they do in response telling the united states, not sharing anything we know of and planning something. >> gives me the highest possible confidence to i don't think anybody can say israel has been overzealous with their
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targeting. when they hit iran they hit it tactically, strategically, specific targets at a specific time to minimize collateral damage. when they had gaza following october 7th it was calculated, planned, not a carpet bombing of gaza looking to be indiscriminate. everything they do has a pacific reason and purpose and is executed under the guise of the world is going to be against us no matter what so let's be as careful as could possibly be expected trump anybody. that their ammo, that's why i have confidence in what they are targeting for anything future in iran. neil: thank you for your sacrifice for this country. brian mast. we are getting more details of what is going on in israel two things quickly. sanctions targeting iran are being considered and could be fairly squeaking, might have a lot to do with their drone production right now. the drones that attacked israel
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what consumers are doing match the hope that consumers don't give up buying stuff. we are going to get netflix's numbers after the closing bell. it is how many additional people they have, additional customers they have that will be the focus and we've seen that from companies as diverse as united airlines. what is happening on the retail front or how many are going into stores and all that. this consumer demand and whether he or she is up to continuing the buying spree in the back of the market continues. michelle schneider knows a thing or two about this, that was the gist of what i'm talking about, the strength of the consumer reflected in the strength of these subscriber numbers from netflix. >> what's interesting about netflix is 25% outperforming the s&p this year.
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35 to 36 times earnings, as much as 65%. the question with lofty expectations adding anywhere from 4.926 million subscribers, with revenues at 9.26 million. options looking at 8% after the earnings, what can happen from here? netflix has been growing but not like covid in terms of that. adding to your model, 30, 40%, the question is can they put them into the ad model which is 5 or $6 a month or get them into a full subscription which is 15 or 16. that's going to be how much more can they add and that will
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depend on what market share they can get from here? trying this whole thing with sports like hbo and going into wrestling. neil: that is not an urgent focus. when things slow down they are among the first purchases you considered dialing back. do you think the economy at this stage with inflationary concerns. where's the consumer? >> we just saw this morning that l'oreal had big earnings that boosted a lot of beauty stocks. i've been thinking what we are starting to see his last year was all about we kind of consumer sentiment. this year it's all about me. where does netflix fit in?
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for me personally. i have been frustrated with the content. they reduced the money they are spending on content and it reflects their shelf offerings. if they can't stay in the game with exemplary content compared to other streaming areas like apple, it is possible this could be the peak and the prices reflecting that as well. this might be something about the consumer but could be in terms of the cycles of how companies grow, how much growth does it have at this point? neil: michelle schneider following that. we are following interest rates and market rates, not a surprise it's not hitting mortgage rates, we are back over 7%. the implications of that with jeff flock. ♪
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and no downtime. i'm so glad i did it. it was successful in every way. to learn more, call today or go to gentlecure.com i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with xfinity. adam: neil: there are a lot of
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hurdles to getting a house these days, 30 year fixed-rate mortgages back over 7%. that could be the least of your worries. what's going on? >> a property for you, 70s era blue-green panel. don't think you would get these tiles anymore. that is brown sharing carpet, didn't think they made that color anymore. it is a house that typically would fly off. and in addition to bad mortgage news, home sales for the last month, 3.4% down. that half of it. prices have not come down,
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2020, $3.29, 417, 37% in three years. albert moore, the only people not buying places like this seems to be guys that were investors, mom and pop. >> to increase the inventory, it is still increasing the house prices. >> reporter: in addition to prices and interest rates. property taxes have taken off. this is that is the biggest increase since 2018, the worst place right next door in pennsylvania is new jersey. the taxes is killing them. >> the houses continue to rise. as houses get assessed they go
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up as well. >> reporter: i've got to show use this bathroom. i don't think you can get the trial in that color anymore. i leave you with home insurance killing people too. home insurance particularly in states not near here but in the south where you have hurricanes and that sort of thing, home insurance up, everything is conspiring against us. >> it all falls together in that moment. and mortgage payments going up? >> reporter: what do you think of this? takes you back to your childhood. neil: it was decorated. that is wild and it comes back.
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a much higher price. jeff flock in philadelphia. i want to have a solution for you. might have to think smaller. you are thinking of a smaller home. the founder and ceo of tiny homes. how tiny are these homes? by comparison to what we might have just seen? >> my sizing ranges from 200 square feet up ft. up to 1200 ft. . a studio to a 3 bedroom unit. neil: these days homes are getting bigger. on average they are up 2500 ft. , when i was a kid it was about half of that. you are getting smaller than that. tell us about the home itself. >> it is a full home, just shrunken down, and accessory to where there is a single-family home on the property, a detached or attached unit as an
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accessory to the main residence. as a kitchen, is a full residence, just smaller than your traditional single-family home. neil: standalone lots for tiny homes or to your point on an existing lot just added to it? >> an existing lot, with family residents on it and detached or attached unit in the back. neil: i assume it would be for in-laws or children or older relatives? maybe you could explain. >> 60% to 70% his aging parents with kids coming home from college, 20% to 30% is an investor adding cash flow to the property but most of the time it's solving the housing crisis when it comes to aging parents and kids coming home from college. lauren: 20 i don't want my kids to get any ideas. can you give me a range, i know it varies by locale, but what
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kind of numbers are we talking about? >> it ranges from 80,000 as high as 400,000, most units are from 150 to 200,000, that is one bedroom to two bed unit. there's a wide range depending on the location. most of the time 150 to 200,000. neil: people pay cash for this type of thing? >> cash or home equity lines of credit. they can keep low interest rate on the first and do a home equity line of credit. we 20 what about certain towns that might be adverse to doing that sort of thing? with your property and you have to get zoning and permits, is that an issue? >> it is an issue, we see it moving in the right direction. california passed the law, a lot of states have passed statewide legislation that took it out of the locale's control.
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we hope to see that more in the future. we won't solvers housing crisis with traditional thinking and thought processes. we need to approve these across the country. we are on the right track. nine states have done it on a statewide level. we hope to see it happen more and more. neil: keep us posted on that. some are not so tiny. they look nice sized. following the latest develop it's in israel, you heard from benjamin netanyahu there's response to the irani and attack and we were looking at sanctions on iran's drone program. we have the latest on that.
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adam: adam: israel planning response to the whistle - the missile strike and speaking of drones we find new sanctions on iran's
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drone programs, doing what they did this past weekend. the u.s. air force brigadier general, best-selling author, as we plan something not so far sharing details, what do you think it is? >> if i was a betting person i would say one thing to go after is there nuclear capability because ultimately this attack did very little damage but attach a nuclear warhead to one of those missiles, could be devastating for israel. neil: what about targeting their drone program? i don't know how these sanctions would curtail that but that is the goal. >> that's more difficult. i think for that you would want to go after the supply chain or if they are manufacturing them going after the manufacturing facilities.
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this is something we need to think about sanctioning the chinese were because they are providing a lot of supplies that go into making those. neil: you read my mind, obviously we are looking at tariffs on china for a variety of things most of them dealing with steel and that kind of thing but some might be an indirect way to go after china and its armaments business like russia and iran. >> as you know, the drones are particularly vexing problem. it is a new capability we haven't designed defenses around. for me, trying to stop that attack from once it is underway will be very difficult. you have to go out and get the supply-chain, take away the ability to capability to
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manufacture those things. neil: talking about the united states and the g-7 allies or our countries in the middle east, all against israel following up with an additional attack. iran will come up with something to counterattack and it will lead one thing to another. where are you on that? how real is that threat? >> very real. given the fact, i didn't expect them to go directly at israel with their capabilities. i knew they weren't very good. now that they have, it kind of opened themselves up. if you look at what israel did with iraqi's nuclear capably, syria's nuclear capability, this has been on the list and they have been holding back at our request and the time is probably going to come to end.uranian program using force.
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neil: i want to pick your brain on these demonstrations that have been accelerating this past week for palestinian and in a couple cases a lot of protesters waving pro-hamas signs. what do you make of that? >> what is scary is it seems to be that it is happening in the progressives of the country. when you see a person appointed ceo to npr and they are aligned with the same ideology, it is telling me that anti-semitism is going mainstream and we have to get a handle on it. when you start to see anti-semitism going systemic, we have to say what is going on in this country? adam: in the meantime i want to go to taylor riggs and "the big money show" gang

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