tv Cavuto Coast to Coast FOX Business May 1, 2024 12:00pm-1:00pm EDT
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stuart: before the break we asked how long is the mississippi river, 2010, 2190, 2350, 2520? we've heard from kevin already but start us off. ashley: i will go with number 3, 2350. >> kevin already said he knows it's 21. >> when i do these things i'm always right. stuart: you say it is 2190. i would say i am with ash on this. reveal please. thank you, ladies and gentlemen. >> it is always regular. stuart: you didn't give me the money to take the right answer. you know money. time is up for us. thank you. thanks.
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coast-to-coast starts now. neil: two huge things we are watching that could impact your capital and one has to do with the federal reserve, and the other with the speaker of the house, not staying in the job much longer, republican congresswoman marjorie taylor greene said she will move to oust mike johnson. first what the fed does and how it claims what it does later this day. potentially market moving develop and, jonathan 14 on the more immediate one. thank you for joining us. if we get what we expect, the federal reserve opting for the sixth meeting in a row, details are in the q and a, what are you expecting?
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>> what the plan is supposed to be, the fed keeps it where it it is. they are dated dependent and track geopolitical issues and economic issues, and it is a benign statement, so they don't give us any indication of rate cuts. if they go outside of that script. that's when the market gets a lot of volatility. but the fed is smart enough to know with all the of who issues going around surrounding the market and how fragile markets are right now. and a lot of volatility, not
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only washington, economic data, and geopolitical issues and not just pioche is -- geopolitical issues, talking about universities across the country right now. those issues add to the tension for society. neil: that will disappoint diehards later. maybe not at all this year, it is the hike. what do you say a? >> i don't think we see a hike. the problem we have here was a mismanagement of expectations, back to the beginning there are
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comments that we were going to have two cuts, 5 cuts this year. the mismanagement of expectations has caused this volatility and a lot of angst we are feeling in this market, the fed is outside of wall street, that should not, that would have a major impact if the fed made that decision. it looks like at this point. and looking at something in the september. and the concern for me. as we move closer to the -- even if they are not politically motivated they force themselves to make a decision as they may closer to that date, a for an opportunity here for the fed to cut rates. in july and september. stuart: companies acknowledging, the inflation issue isn't going away.
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it's putting a pinch on consumers and impacting how much they are willing to spend. i don't want to talk about stagflation. >> we didn't get here quickly. it didn't take long to get to where we are, and we are in the normal range quickly, and the food prices, inflation and interest rates across the board, this is the new world we are living in. it will take a long time for prices to come down if they come down at all. they are slashing prices.
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this is going to be the new norm where we are, and we are accepting and adjusting to it, the interest rates, where fuel rates are going to be, with one quarter and 6/4, this is kind of a another round. good seeing you again. let's go to william who is following other developments jonathan touched on, the protests going on. what do you tell us. >> ucla canceled classes,
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that's a mystery, it remains a powder keg, if they do that, shut it down. and if they confronted the palestinians, and breach the barrier, pepper at bear spray, some had plywood shields, fireworks and bricks for own inside the compound. at the time there were only 5 to 6 campus police on duty. they left when they were assaulted. the fighting continued for three hours until lapd and chp showed up around 3:00 am. >> there are people getting injured. police officers left their posts. they were here, they left. the security abandon this encampment. >> the most beautiful campus in the entire country.
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overturned by borderline terrorists. >> repeatedly the university was warned this could happen but refused to act, they were protecting free speech. yesterday unofficial told me they were monitoring the situation and last night they declared the in cam and unlawful and threatened to possibly discipline students. they ignored that. today those students issued a list of demands for the university to divest of companies doing business because they are complicit with genocide, abolish policing and any ties with lapd, they demanded that israel end their occupation of palestine and the uc system boycott any israeli universities, we spoke to a student inside the compound, she said there's 40 to several hundred inside and here's what she says she saw.
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>> they said stuff like from the river to the sea palestine will be 3, f is real, intifada, there was a jewish start to step on this with a nazi sign and it said it was the same thing. >> the students for justice in palestine, the largest among the student groups called last night's assault horrifying and a despicable act of terror. they complained law enforcement refused to budge as we screamed for help so they like lapd but they don't want any police here. the university would rather see us dead than divest. i will say at brown university the administration did negotiate with people in their encampment and they agreed to
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considered investment in exchange for taking down the tents. we will see if other pro-palestinian groups do the same thing. neil: makes me wonder who is running the show. thank you. madison alworth is watching the drama, didn't necessarily start at columbia but the arrest. >> columbia today and much more calm compared to the chaos. you see a crowd forming their. they started to gather in the last 10 minutes. what we are told is faculty on behalf of the arrests and say things like cops on campus, hands off students. related to last night's activity. after 9:00 pm, police moved
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onto the campus, hamilton hall into -- arrest protesters. officers in riot gear entered the building through the window because they were unable to enter on the ground. and makeshift barriers to get to the protesters who had been illegally occupied for 20 hours. those protests, nypd buses, zip tied as onlookers shouted shame. those that city college in new york, 300 arrests were made. columbia said students in hamilton hall would be expelled and it appears not all were students. columbia university president in a letter to police said she believed, quote, the group had broken into the building include students it is led by individuals not affiliated with the university. mayor eric adams confirming that today.
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>> this is a global problem and young people are being influenced by those who are professionals, radicalizing our children. >> reporter: at ucla as well, at the university of wisconsin moving in at 7:00 local taking down the encampment there. protesters were told starting at 6 am of that it was their last chance to leave. many resulting in a clash with police. these were three campuses. there are still in camas across the country. we have footage of the university in new york where protesters set and in cameron. we are learning there might be some activity they are today but the university is making decisions how they want to handle it and that's the unique part of this. as william talked about in his report, these universities are
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each deciding how they are dealing with the encampment on the campus on a case-by-case basis but we've seen multiple campuses call on local police departments to contain the situation they could not. neil: thank you for that. steve forbes is here looking at his own college days. the forbes gang, good to see you, this is surreal. it's crazy. >> it raises very real questions. where those tent maps coming from, two sources, soros and rockefeller brothers, there are others who does the training especially a fox reporter comes along they retreat and have somebody else come in and do the talking. who is behind this? it does expose the covid crisis exposed a bad many of our public schools meeting leading to reform around the country
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and exposed to the rot in our universities and real changes coming from alumni and others and the power of the marketplace. for this kind of junk. a few books go online. $700,000 left over. neil: nothing to do with this. and it galvanized the use crowds. you hope it dies down a little bit. we are at the end of the school year. this could drag on until june or july but what do you think of it? that it is blatantly this anti-jew, there's no denying it. >> a couple weeks ago, what reaction would you have if this was done to fox students? they would be all of it,
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police, national guard, not so much. this blatant anti-semitism allowed to fester in this day and age after what happened in the 1930s. neil: it is underneath the surface. i am curious. i talked to a lot of top executives, to a man or woman, less inclined to pick future employees from these institutions, even my own. >> what kind of people are you letting in and what kind of people are you educating? who are the teachers? my alma mater, princeton, most of them allowed to fester, ucla or columbia, confusing free-speech with violence, going after certain groups of
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students. jewish students in this case. neil: powerful and wealthy alumni base. all these institutions have that. i really suspect this is the only thing that will change that. of that money dries up the threat is there. that, i suspect. >> starts by asking questions of donors saying what is going on here? you lost your bearings. reminds you of the late 1960s, universities like cornell, students armed with guns and bullets. neil: looking at another 1968, summer of protests ending at the democratic convention in chicago? >> want to know who is behind it, 1968 the vietnam protests, people were organizing. a lot of this is cooked and artificial and behind the scenes.
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here's what you say, here's what you do. neil: and don't talk to fox guys. good seeing you again. something happened in israel today that i suspect could galvanize these protests, something benjamin netanyahu committed to doing the didn't sit well with antony blinken and not sitting well with those with these protests. >> everybody wants super straight, super white teeth. they want that hollywood white smile. new sensodyne clinical white provides 2 shades whiter teeth and 24/7 sensitivity protection.
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adam: you know them for their viking river cruises. a public offering in the $1.54 billion range for the luxury price operator. of 11 million shares, $24 apiece, 53 million shares at that and they have market value. crews north of $10 billion. good to have you. the wind at your back, people are still inclined to to take fancy original trips, they
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don't come cheap, people are signing and lining up for it. can you hear me? >> i think we have a great product, everything is included in the price. that is a fairly big principle of this. that's different from the big sides, we are all about the destination. we take guests to europe and around the world. just tiny sliver of what we do. and also different in the sense that i appeal to adult people, we don't allow children under 18. neil: your base if you think of your customers, not saying they
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are recession proof but price swings and the like would cut off people at the lower end, you think that continues? >> everyone would like to believe customers are less sensitive to recessions but through the past 27 years, they really are and with others, the downturn, marketing budget. marketed a little more and that has been our approach so far. adam: you will continue to control the company, exercise 87% of the companies voting power. after all of this is done do you retire? what are your goals? >> some of us shouldn't think much about retiring.
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we have a great corporation here and i would like to be involved. there should be somebody else at the helm other than me. we have a great team, i am not the least worried about finding a solution to this problem. todd: the a lot of the ipos we have seen usually get out the gate, 20, 21, are built in demand, how do you sustain those? ready for the quick ipo pop. >> i can speak for myself, and as co-shareholders and the
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nature of the game, they get out sometime and this is a good time to do it. 52, 53% of the company and plan to sell one share and it is as good an investment as i can find. neil: when the expiration stops would you be inclined to do that? >> i wouldn't be inclined. >> we will watch it closely. the viking ceo and chairman, $1.5 billion offering today it could be considerably more than that. it but away all estimates for the revenue, profits collected on stock but not as much as you would think.
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he is determined, no matter what they decide on other matters, and invasion of rafah is on and that is despite talk of a temporary drop in activity and intentions and release of hostages. that can agitate a lot of folks who are doing so. i went to the senior military correspondent intelligence analyst literary editor. depending on perspective, benjamin netanyahu was within his rights but controversy notwithstanding. with the backdrop of these college campus protests, quite a few going on in the united states, he's going to agitate all over again. >> when we talk about invading
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rafah in deep southern gaza, the only part of hamas's military forces that still exist. there were 24 hamas battalion said the beginning of the war. israel is taken apart 18 or 19 of them, 4000 to 8000, in rafah. what happens to them? if israel needs to go into rafah to take apart, it will. if there is a deal that returns the hostages, and makes an arrangement so those fighters give up their weapons or show their faces in public, hamas won't exist as a literary force, benjamin netanyahu said he would annihilate hamas. he hasn't. it is the strongest force in gaza but if he can say i took apart every single one of its military battalions it doesn't exist as a literary force in gaza anymore, that something he
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could go to, it matters to israel, anti-semitism matters, netanyahu is looking at potential israeli elections. neil: reporting on these protests around the world particularly in the last year, they are always anti-israel and i'm wondering how folks in israel, what kind of reaction. >> millions of viewers worldwide, we are all over the protests, we've had periods of 5 or 6 on the website it columbia and the other campuses all at once. it's important to us to let the world know what is going on.
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it's very disturbing. i am an american, and israeli, it is disturbing is both, what is going on. it is important campuses find a way to allow free speech, allow people to criticize, breaking into hamilton hall, breaking windows, creating an environment and campus that is hostile to me is not free-speech. campuses need to push back, need to act faster and i hope they get their act together fast and soon. neil: when jews are specifically targeted i am sure you harken back to periods in history when the same thing happened and you worry about it. >> right. if it was a vacuum and wasn't thousands of years of jews being slaughtered, not just the holocaust, but destroying jewish villages that happened
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in a number of places around the world over the course of history, that is why there is a state of israel, fantastic place for american jewelry but suddenly a lot of american jews, nothing could happen here, jews are always safe here, this is the land of opportunity, melting pot and suddenly there are american jews who are worried and it needs to stop and campuses seem to be the front lines of that. i hope the campuses, university presidents take a stronger stand and say this doesn't mean standing up for hate or creating an environment hostile to free speech where people talk about genocide, put up videos about zionists don't have a right to live, those are things they cannot stand on campus. neil: thank you. enjoyed having you. want to draw your attention to
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wall and broad, also react to the big news inside amazon. pop up in the stock but not what you would think. the conditions and times, susan lee on that. susan: wall street seems to like it. aws did better than anticipated, growing 17%. amazon sales jumped to her record in the first three months and as new prime video ads, makes amazon and advertising giant all of a sudden but it was all about artificial intelligence, the ceo laid the focus on ai, helping drive billions of dollars in sales, and throwing money at it, lots of money. we expect the combination of reaccelerating growth and high
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demand for generative ai chat bots to immediately increase year over year capital expenditures in 2,024, spending from amazon, amazon is trying to keep up with everybody else across tech. it is an ai arms race, getting everyone spending big to keep up in cutthroat competition. meta stock fell but if you look at it compared to amazon, might not be spending enough right now. wall street loved vocal results and the spending plans, 18 price target hikes on the stock come most predicting amazon will surge pass record highs, we could get 30% upside from here. there were warning signs on the us consumer, high inflationary times, the ceo, if there is continuation of customers in
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the us, thoughtful about their spending, look for deals, trade it down, look for private label products. we see strong unit growth but our average sale prices are down, the consumer might be slowing down with these 20-year high interest rates. apple reports tomorrow. i will speak to ceo tim cook and i can't wait to hear what they say about their spending plans. looking at technology through the years. when have you seen this consensus across the entire technology space. neil: it to stamp of approval the don't have any association with ai, the stamp that could give your stock a 10% run. whether you deliver the goods or not. what's interesting about the metas and amazons is they are delivering these goods.
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susan: it reminds me of the internet era. neil: it's going to replace me. it is going to be difficult. you are the best, look forward to the technology. thank you for that. in the meantime you probably heard about these protests in college campuses around the country. there is an alternative to all that craziness and it is right in front of our eyes. after this. ♪ everyone say space pod!
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golo has improved my life in so many ways. i'm able to stand and actually make dinner. i'm able to clean my house. i'm able to do just simple tasks that a lot of people call simple, but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works. >> you see these protests, going on across the country. the elite institution. at one of these schools, what are you doing? there are alternatives. they are a lot more promising, lauren seminary exploring that. lauren: this is the automotive
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technician training corps. i'm under a car, the old-fashioned term for these workers is mechanics. for $30,000, almost immediately get a job at a dealership or municipality, $100,000, traditionally, these are considered dirty jobs, and cars have increasingly become computers, there's been a spike in interest. first you will hear from the campus president, listen here. >> it is a matter of demand. it is something they know it is obtainable and something they can do. learning how to take something
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out of nothing. it's a different kind of feeling you get. >> >> look at the yellow line. look at the enrollment, up 16% since 2018, traditional college is is flat and students i've been speaking to keep reiterating the same things. to eventually own their own business, they don't feel they can be outsourced or replaced by artificial intelligence. how about that? neil: it's right there in front of these kids, something more promising. i generally look for a new car but that's a different kind of thing. thank you for that. i want to go to patrick murphy
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on this, former pennsylvania congressman and undersecretary of the army. i want to talk to you about these protests going on, the gop strategist extraordinaire. great to have both of you, you can step back. trade schools, that could be changing, and these insights reminding people. >> 90 grand a year. you can make 6 figures in 6 months of high school. and the largest owner, paul muller. they go to trade school, with
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dealership, with 6 figures in 6 months. he's doing great work. that happened all over the country. are you getting the return of your investment, you have you have a college degree, you do what is necessary. neil: i am wondering, talking to been the protests that have built up, weather continues through the summer. >> we are in one of those moments, the only difference is if you look at 68, the protests were more reasonable, based on things, they didn't want to go to war themselves.
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and want to make sure the meal plan does not get discontent, and the college campuses have become a breeding ground for hatred. the concern is, the republican party and democratic party and anybody want to think about. there's a sense of moral decay, happened in the democratic party, you see people talking about kill the jews on college campuses, people are trying to find new ones in these arguments that have no nuance at all, make you pause and wonder how it is possible to find the common ground we seek. they lead to violence.
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neil: we are in a rock and a hard place particularly for democrats. the white house is guarded in its response and i am thinking they have a convention plan. are you worried? >> i wouldn't worry about chicago because of these protests but you have these uprisings, what you see in columbia and other institutions, there's a lot of outside. minimal -- neil: they had their share. how do they stop that? >> using freedom of expression, freedom of speech does not mean freedom of consequences. if you want -- they damage anti-semitic graffiti on a statue and say we won't tolerate this anymore, i want to give a shout out, columbia,
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most of these young americans who are protesting are outside. they get information from tiktok, president biden, might be bad all over the country because speaker johnson -- it is a lot more but i would say this. i would say these young americans are protesting people from getting killed and breaks our hearts. it doesn't reflect the fact this president has been very strong, and ally to the state of israel. you look at the uss eisenhower and other characters in that region, actions speak louder than words. >> you've got a president, god bless chuck schumer, iran against him, this is a man who calls himself the show mayor, protector of israel, undermining the prime minister
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at a time when he gets appointed, you have an administration that continues to find ways to parse what cannot be parsed. neil: is not done. >> you have 130 hostages who can't seem to find -- neil: brian brenberg is dealing with this head on. you were there. brian: i was shocked by what i saw yesterday. chaos still unfolding at campuses nationwide, we talk to james comeer on how schools can be held accountable. victor davis hanson will give us a historical perspective as only he can. that's coming up at 1:00 pm. (ella) fashion moves fast.
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mike johnson. roger williams is the texas republican congressman. what do you think of the move to pull the lever? >> the move was wrong, doing a good job with what he has to work with, the fact that you want to go this route again and vacate the chair, we have so much to do in congress right now, we got a border, wars all over, and economy that needs help, these are what we should work on not trying to vacate a chair, someone who would be able to win. neil: is open season. democrats are rallying around the speaker. don't know how that would sort out. wouldn't that risk alienating johnson all the more, two by count, three may be. >> i guess it would but the fact is the majority of us do not want him gone, they want continuity and we want to
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address the issues the american people want us to address. we got border issues, ukraine issues, all the stuff on college campuses, we need to fix this and not try to elect a third speaker of the house in a year's time. neil: where do you think this goes? getting the process going means you can't do much else until the process is gone. >> we have to go through the process and vote, i think it will fail but if it happens we have to deal with it but hopefully we can stop that before it gets started and she will withdraw that and we can get back to serving the people. neil: i apologize for the brief time but i wanted to get you want to talk about this. in the meantime looks like viking shares have started trading, up about 10 or 11% so that would take a one. 5 million-dollar offering close to $1.7 million so we are monitoring tha
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