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tv   Cavuto Coast to Coast  FOX Business  June 13, 2024 12:00pm-1:00pm EDT

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it's not there now. >> london. stuart: what you got. >> i'm going to go with arizona. >> in the 1960s it was discovered that london bridge was falling down into 1968 and robert mccauley paid to a half million dollars to transport the bridge brick by brick to arizona they debuted into 1971 and it is still there right now, before we go, there he is his name is grayson, grayson christopher i believe children are a true wealth i am a very wealthy man i have 12 children. >> in addition to your net worth. the show is over but "coast to coast" starts now. >> i am neil cavuto, you
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remember january 6, seems a distant memory today as we sp speak, donald trump is in washington back from capitol hill not too far from where of all of that went on back then and where he hopes to be inaugurated about seven months he is meeting with republican leaders mitch mcconnell that should be interested in coming up this hour and after that the business leaders seen no-show and scheduling conflicts, aishah hasnie on who's there, who is it, we are to go to chad pergamon that, tell us who is there and who is not. >> good afternoon, this is the first pilgrimage by former president trump since he left office in january 6 as you allude to there, he is currently between meetings right now, mr. trump meets with senate republican shortly but this morning he huddled with house republicans, one source says there is a lot of tangents in this meeting, republican member
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says they also lost interest after 45 minutes, it is risky for some republicans to associate themselves too closely with former president trump especially if they represent a swing district, don bacon is one republican like that. >> 20% inflation over the last three and a half years, border with a meadows coming in, it was probably a lot of the focus and he talked about tariffs which i found interesting. >> mr. trump riff on president william mckinley and tariffs the former president said he was a big fan, democrats are trying to tie all republicans to former president trump. >> it's getting harder and harder to differentiate between the republicans agenda and the extreme heart maga agenda in many ways they seem to be one and the same nowadays. >> now we do not expect full attended by all 49 senate
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republicans, senate minority leader mitch mcconnell will be there despite his disagreements with mr. trump but lisa murkowski, susan collins and mitt romney are skipping. stuart: interesting, thank you for that sorry i screwed up the intro to you i would go to congressman then your congressman among those having a chance to see the former president again, how did he go, good to have you. >> thank you for having me i think the former president took the opportunity to lay out his vision on the issues that matter to the american people as well as to talk about the need to unify as a party in the selection. we are facing the most precarious time in our nations history since world war ii and what is happening around the globe is an absolute disaster, the threats emanating from china, the russian invasion of
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ukraine, the terrorist attack on israel, iran increasing iranian petroleum sales by over $100 billion since joe biden took office and obviously domestically are poor southern border continued inflation and high cost of energy of housing, of mortgage interest rates, this is having a disastrous impact on americans so that was a focus primarily of the former president's remarks and obviously the importance of keeping the house in november. stuart: is it true that he using the marjorie taylor greene by saying i hope you're nice to him referring to how she's getting along with mike johnson, what was that all about. >> he did say to marjorie that he hopes she is treating the speaker better and obviously the conference laughed but this really goes to the point, at the
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end of the day this is not about personalities this is about the future of our country in the issues are serious and the issues are grave and we all need to take that responsibility to heart. the american people elected the house republican majority to serve as a check and balance on this administration and we have done that but we have to be unified we cannot be inviting and i think that was the president point to marjorie. >> congressman, you have been a supporter of former president but you heard what chuck schumer had to say and a lot of you are moving with your fearless leader and you heard this and get it again but you referring to take the former president on, that comes up again and again, and i'm not sure if the roles were reversed but maybe some bigger members would be saying that about democrats who would be playing the same role for joe biden. how do you answer that when people come back to you and
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these can present a whole bunch of problems, what do you say. >> i've never been shy or quiet, irish italian catholic from new york, my opinions are my opinions and i have no problem voicing them but i agree with the former president and when i disagreed with him i said so on that, for instance i been vocally opposed on the cap on salt and obviously i spoke out against january 6, i was a first state legislature in new york to issue a statement on january 6 opposing the and announcing what occurred. i am not by any stretch the hold into anybody, i am beholding to my constituents and i will continue to do that, i will just say this on chuck schumer, often times a focus on capitol hill has been the house, chuck schumer has been an absolute
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disaster as senate majority leader, he sitting on a bill right now, the anti-semitism awareness act which i passed to the house 320 votes, bipartisan which can combat the anti-semitism were seen on college campuses and the highest-ranking u.s. official on history and its disgraceful, chuck schumer talks about politics it's simply that, everything is political and always has been for chuck schumer and that will move on to lose a majority in the summit because they make you people see through the feckless leadership that he is employed. >> the irish italian new yorker that you are always good to see you. thank you very much. the president and the white house occupant is a half a world away, jacqui heinrich has more from italy and that's where the g7 is kicking off and going on. the president is staying at this hotel, so are hunter's children
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in the format of this press conference only obligates the president to answer two questions that one of his answers will resolve and whether he would commute hunter's sentence, that is the question that officials yesterday, the big forces under focus of the g7 as russian warships are headed to cuba conducting drills and something that seems by defense experts as response to president biden's new policy allowing u.s. weapons to strike targets over the russian border in the u.s. defense officials say u.s. navy is increasing the presence across the theater and the participation in exercises and operations with allies and partners to encourage responsible behavior by all, today the u.s. also signed a ten year security agreement with ukraine pledging military support but not boots on the ground, it's a not-so-subtle nod
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to the worry that a trump presidency could be ahead and continued ukraine aid could be a? >> the president will sign a bilateral security agreement with president zelenskyy, milestone and partnership -- [inaudible] >> trump could pull out of the deal if he wins, this placentia 50 billion loan package backed by russian assets is meant to send a signal to vladimir putin that he cannot outlast the west, biden administration is considering another big policy change in direct negotiation with hamas if they don't accept the cease-fire proposal on the table that's from an nbc report my priorities going to be animated citizens were over there in harm's way and after
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being unjustly detained or hostage, my number one responsibility to do everything that i can to get them out of harm's way, the best way to do that through this agreement and that the fastest way to do it, if the agreement doesn't work will always be looking at what we can do if there's anything we can do to get people home. >> another development today that is seen as a response to president biden's effort to rally ukraine support and russian prosecutors finalize the indictment for wall street journal reporter evan gershkovich, he will stand trial on sham espionage charges accused formally today without presenting any evidence of spying for the cia. stuart: incredible, jacqui heinrich, the abraham accord negotiator informer negotiator and obviously the foreign-policy is front and center as you know not only the 50 billion-dollar commitment to ukraine but stated by israel. neil: that looks a little more
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frayed as it used to be among the g7, is there a sense that support for both could start to wane? >> i think right now the g7 is seeing the political pressure under biden administration and i'm sure there's some concern in its early started to wane, if you look action from it is your perspective in the rhetoric that is going supporting hamas and supporting boudin, i hope there is a change. >> the fact of the matter there are a lot of those members who were there from those countries that have their concerns about joe biden but a lot of them don't want to welcome back your old boss, they are concerned about that as well sometimes he puts nato countries and g7 countries on the spot on issues that they would rather not ring up, how do you think they would receive donald trump returning if they lose the election. >> and think the great thing about president trump it is not
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about words it's about action. i think the issue in the region has been a lot of words and pondering and a lot of slowness but there hasn't been action and other president trump we had middle east peace we had a quiet situation across the world and now we see what happens, it g7 countries really want things to change in a positive way they should like it. i think a lot of things that g7 countries don't like about president trump sometimes he holds them accountable he says if you want nato in the united states that funded most of it to bush, you need to be part of it and pay up to, that is harder for g7 countries because they would rather the united states do all of it but he holds people accountable and i think it to be totally different fees there and they should benefit from them. neil: what did you think of the world bank coming out with the statement and the u.s. economy is doing great in the timing of that?
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>> i thought it was interesting from a world bank perspective you look at where the united states is from an economy perspective and you compare it to emerging places in there we've done well i think the economy is in a decent place and ethic a lot of the things that we did in our prior administration have built that up so i think that's an interesting timing. neil: thank you very much, very good seeing you again. >> you to. >> i want to draw your attention to mortgage rates, they come down a little bit and the latest go around a 30 year fixed at 6.95 and 6.17%. you remember when barbara corcoran was telling us she was here a month and a half ago you get over that housing activity and is closed pneumatically and you get under a pickup and interest, too early to tell if that's the case we will explore that as long as elon musk very closely to securing pay that could mean assurances of a
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45 - 46 billion-dollar paycheck, we will tell you how that number has gone down from what it was originally and why. ♪ (grandpa vo) i'm the richest guy in the world. hi baby!
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neil: it looks like the world's richest man i wonder is the world's richest man, elon musk has put up an offer to shareholders, put up or shut up i want a lot of money and i wanted guaranteed and etched in stone cheryl was close to giving it to him, it's not quite there yet, kevin o'grady has been following this closely what is this about. >> this is a couple of proposals his pay package in a boat to texas we are not going to have the official results of this until the shareholder meeting at 4:30 p.m. eastern today but as of now it is looking like the two big proposals that are on the table will go through last night elon musk shared a post on x as he always does it's right here and it showed that proposals were passing by wide margins, some very high-profile investors shared that they were going to vote no but this does
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indicate a big vote of confidence in the billionaire if it does indeed go through, the first proposal deals with the monster 45 billion-dollar pay package, a delaware judge avoided that back in january, technically a yes vote does not mean he gets paid but the hope is that overwhelming shareholder support may help a reversal of that decision, elon musk indicated if he doesn't get increased ownership in tesla that would come with an all stock pay package, he could take the a.i. development elsewhere, tesla's and get his hopes on the robo taxis, keeping a.i. and house is key, you can see the stock is up 4% today, that is because a positive vote indicates elon musk is going to remain focused on tesla the other focus on the table removing tesla state of incorporation from delaware to texas, delaware has long been the place that companies have their legal home and it's been pretty vocal about wanting to move following the delaware judge's ruling, many called the
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reaction erratic but others applauded the potential tax incentive that he could get there in texas. i want to note the switch could play into the pay package case, there is an argument that the case should be transferred to texas were elon musk could see more favorable treatment, my nate and tremaine take away tesla's shareholders think he is tesla it also makes him pretty untouchable. neil: he is the big cheese, they are okay with the big cheese, thank you very much, kelly o'grady reaction from the king view asset management partner wealth manager, first of all great to have you, how do you think this goes. >> at the end of the day there is not a company on gods green planet where the ceo is synonymous with the company in the company is synonymous with the ceo like tesla is to elon musk and more so what elon musk is to tesla, i agree pay the man that shareholder spoke and what type of incentive with any ceo have if you agree to a package
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and whether his political reason because i think some of this, i agree at the end of the day elon musk could have erratic behavior but is an absolutely brilliant man and at the forefront of every technology he literally brought single-handedly brought the ev market to the forefront with the tesla vehicles and at the end of the day i think anybody if they want to be honest with themselves and i agree with ron barron who is a longtime shareholder, elon musk and tesla, you have to ask yourself one question, would tesla be okay or better with elon musk or without elon musk. neil: do you feel that this is too threatening absolutely he deserves every penny he is getting pretty wants a lot more pennies and this is unheard of compensation, i know it represents a course taken the company that's what he wants
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guaranteed that was when the stock was a lot higher and $56 billion maybe 45 or $46 billion still a lot of money it comes back but is he worth that or is he compensated in enriched enough as a large stakeholder in this company anyway? >> is a great question, look at the stock it went up over the last five years, 12 fold he has reworded his shareholders, tesla was on the verge of bankruptcy, many times in the past, that man put in 16, 18 hours, if he's not that pitted me of entrepreneurship and sweat equity i don't know what is. >> i agree with all of that and i think is a met and turn amazing thomas edison overtime his 13 or 14% stake he wants to double that and that's his wish but then you start to ask one guy controls one out of four shares as an investor in a pretty good one in your own right, does that give you pause or concern. >> it doesn't give me concern as of now because his always delivered on his word and the
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best indicator of the future behavior and past behavior, elon musk has innovated with tesla. >> now the wing is at his back all these times chinese ev's, europe now as, the world might come back to tesla. >> absolutely. as you restating earlier with robo taxis that could be a major catalyst and i know kathy was in the art fund and i think your expectation are a little lofty but at the end of the day if you perfect having tesla the go to robo taxi with autonomous driving and self driving vehicles that would be a huge revenue catalyst and you won't see any shareholders complain. >> it's one of the magnificent seven an attractive. >> this year it is down. >> you're quite right to put in perspective, cathie wood seize this going up another 1300 and the next five years are you in that kind of camp.
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>> i think that's too lofty and at the end of the day kathy was believed it's going to go up 1300%, however, her underlying price target without the robo taxis is $350 a share, tesla is trading approximately $180 that would basically mean it would go up almost 100% five years, 100% five years what does that equate to two investor that is a 15% compound rate of return that is above the stock market, there should be no complaints, at the end of the day it's not the could come the sideline it's the doer in the arena that counts and elon musk is a doer, if you can't answer that question is tesla better off with elon musk and if you think the answer is yes i think you should venture often go to spacex, another one of his companies get on a spaceship and live on mars, to me that is ludicrous. neil: thank you very much, news
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i want to pass along we told you about the powerful republicans were meeting with donald trump and those opted not to, senator colleagues from maine and senator murkowski of alaska not meeting, mitt romney was originally supposed to be among those not meeting with him but he apparently changed his mind and will attend the interesting meeting with the former president we don't know where he'll be seated but he was first not going to come, he is, we will have more after this. ♪ my promise to you is simple. as a fiduciary, i promise to put your interests first, always. i promise that our relationship will go well beyond just investment decisions. it's the intersection of your money and your life where we can make the biggest difference. [announcer] charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals.
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>> we had really good inflation data in the second half of last year end a pause in progress in the second quarter and what we took away is probably going to take longer to get the confidence that we need to begin to loosen policy. the sense of that rate cuts that might take place this year take place next year, there are fewer rate cuts in the median this year but one more next year. neil: bottom line, only one rate cuts on the horizon if we are to believe the setter under federal bank chief jerome powell make it clear wanted done for this year and even that is no guarantee we've come down from what we thought would be the case, edward lawrence on the fallout
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from the. >> the market will be disappointed the president and white house will be disappointed but the federal reserve chairman is saying off one inflation report he cannot justify lowering interest rates according to fed chair jay powell, he says he needs to see more. >> were getting high inflation readings and i think you can see it in various places and in some parts of non- housing services uc elevated inflation still and that's probably to do with wa wages. he's talking about wage inflation, one former federal reserve says he will not say it but he knows the government spending could push inflation this year, thomas hoenig says the amount of government spending pushed a man he has the president has not signed any recent spending bills but there is a pile of money yet to be tapped. thomas hoenig says the fed is in wait-and-see mode because they don't have a trend of inflation
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falling as well as the jobs report has been ambiguous, the last report showed 272,000 jobs created according to the establishment survey but the household survey showed a loss of 408,000 jobs. >> still on appointment is for percent historically low but it is moved up a little bit, it softened and that's an important statistic and more than that your strong job creation and payroll jobs still coming in strong even though there is an argument that they may be a bit overstated but they are still strong that is what we see. >> the jobs might be overstated there, the market believes by 61% that the first rate cut will be september. i'm healing the feeling might be after the election. that is from the federal reserve folks that i'm speaking with, we will have to wait and see the fed forecasting one rate cut this year. neil: got it, to the former office manager and chief
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economist under donald trump speaking of donald trump he is meeting and senators are gathering for the powwow on the hill not on the capital itself but among those attending we will be monitoring this closely, mitt romney said he would be part of this but he is going to attend the senate event and to other senators, this is susan collins of maine in lisa murkowski of alaska they are both opted out, what you make of the powwow that is going on a lot to amend defenses for the former president especially like mitch mcconnell that should be an interesting introduction, how do you think is going? >> is a pleasure to be with you it should be interesting hopefully they will go through some of the things that they had differences with and try to amend those if you will because we had a lot of work to do over the next few years and given what happened in the election in november it's going to be a big part of this in the economy many people are struggling across the economy whether inflation, high
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interest rates there is a lot to do hopefully they will then fences and get things in a good direction soon. neil: you were there when jerome powell was selected by donald trump to be the federal reserve chair, he's not too keen on it these days it's clear he does not want it there anymore or to sign up again for another term. how do you feel that relationship will go if these elected president and he has to deal with powell in the meantime? >> is a great question i think the fed has been behind the curve on a lot of things the last few years, something that he needs to look at and should he be at the home of the fed moving forward, i think in general we've seen a lot of financial regulation of the fdic will have a new chair here soon and we need a lot of reforms that unleash the american potential and looking at the financial sector and otherwise, that might mean someone also the home of the chair of the federal reserve. neil: i know you work with a guy
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but they almost made it out to be jesus christ or moses in the stewardship of the economy, that is donald trump and i don't blame entirely coded on him but the covid in the final year was what ultimately spells his political doom, do you think it is fair when numbers are compared and the trump years in the biden years to forget about the last covid? >> i think it's important to look at what's happening between 2017 and 2019 and the trump tax-cut deregulation is going on and more economic growth. from that perspective we saw a lot of pro-growth policies that supported more growth in jobs and things of that nature but it's also important to consider what happened during 2020, there were the lockdown that took place a lot of economic strike that happened as well. neil: that's why we had so little inflation in retrospect everyone was part of their own, that was a big chunk of it.
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>> that's a big part of it but before the 2018 and 2019 there was not a lot of inflation, the fed was not printing a lot of extra money. we were keeping rates close to 0, i feel the perspective has lost sometime over years always good talking to you, i really appreciate it. the big impact today on capitol hill you heard about the supreme court today refusing to limit to key abortion, a guy has written on this and done a good job of framing this issue of abortion and how it's going to be a big political event, nick is coming here and he is another very good book, that has nothing to do with abortion decision but everything to do with the comeback story, i will explain and connect with him after this. and establishes a charitable trust to keep the craft alive for generations to come. from preserving a cultural tradition to leaving a legacy,
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across the country including a move to make these questions, yes or no on abortion no matter where you go that might be generous, the new york times corresponded is nick, i want to talk to them about the great new book that he has out on the stone pony for those not aware of an iconic institution in new jersey and were both new jersey lights, were both proud of that but great to see you. let me ask about the supreme court you have written persuasively about the abortion issue and how it's become the issue and democrats are clinging to that and something that can reverse the parties fortunes, some looked at this decision by the court today, nick has something that will maybe take the teeth out of that because this is a major that finds common ground in this treatment out there, the abortion pill stays even though abortion itself as we know it on the national level is being
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challenged. >> i think the democrats are going to react, we have seen this since the dobbs decision, that does not mean it's safe, they get a campaign on the referendums that i wrote about a few weeks ago and they're going to enshrined in the constitution and create a new law that sounds expressively the right to abortion is right in the state is been a winning issue to frame it like that, it's kind of hard to see the supreme court decision play in the political calculus, there might be a change of the reality. >> does it carry as much alms, it's decided instantly hurt republicans in the midterms and in some rates of sense you always get the impression less and less as things go on. >> i could pretend to be an expert, an issue that's very
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stubborn and sticky, among independent voters i think it's proven to be a successful issue for democrat because in places like new hampshire to pull 60%. >> on that, to continue to be, it doesn't mean it's something on voters minds and keeping them up at night and especially in a presidential year both campaigns are going to make sure you're kept up at night with however, they want to portray that issue. >> a lot of these guys want to talk to get in the way on this, what really shocked me i covered and i know you quite well were not that far you used to live in new jersey i don't know if you still did not the asbury area, not too far from which you write
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it's all about the stone pony and i don't want to go to the stone pony, what amazed me about it is going back to an iconic institution that it was, it is the last thing you would think of becoming that, especially back in the early 70s when we were knee-deep in riots in the whole area looked like a war zone or coded event, what happened. >> it was almost the desolation the desperation that asbury park was feeling in the early 70s that would kind of allow a place like the stone pony to come into existence, as he says to me in the book in the early 70s asbury park was left to us mystics, rutgers and renegades. >> what were you. >> i was not born yet. >> you like the fact that it would welcome any and all groups and giant referencing with
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unknowns. >> exactly. >> that's unique to this institution. >> it created a one come all, you are and try it, the pony would open was out of the bar in a beat up town and they didn't know what they were going to be in the owner said i didn't want to open a rock club and what is he due open up the iconic rock clubs. in order to stay open johnny and steve walking with another guy named dave myers in the blackberry booze band and they say give us the door, you take the bar, great deal, i don't have to do anything but the deal is we can apply what we want and they were like try it and it worked, not immediately, slow bill but they were able to play gospel, r&b, soul. neil: what was the drawl for bruce springsteen that's where we see it all beginning. >> exactly it was exactly that that thought that i could go to a bar, hang out i don't have to forget guitar and my friends rippling the music that i like, bruce was not a top 40 he was
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definitely not a disco guy he found a bar that made it safe for him and made him feel like home and the music that he was writing and wanting to play and influence, it was an open arms safe community that he was able to walk into even as he was experiencing success. >> it wasn't a safe community so it became a draw altogether, how did you get all these people to talk to you leaving aside bruce springsteen a very touching forward to your book and you had jack johnson, the jonas brothers, bon joby, chris christie, new jersey governor, how did they all talk to you? >> this means a lot to somebody people in very different ways, when i talk to him they wanted to write new music he was a pop artist and could not try those new songs out in the pony gave him an opportunity to rebrand the sports section which is a
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very clever to test out his songs in the jonas brothers group in new jersey and a random weeknight in the dangerous 2000 handing out the fires of the teenagers the photo of them in the book and then someone like chris christie was a place that he would go to chase springsteen, the most authentic. neil: he would fake his id to get in. >> he is one of the biggest bruce springsteen fans i've ever met, growing up in and around new jersey, then when he was governor it was an important place because asbury park was important to chris christie and phil murphy but those two got to see it and finally start to come back. >> it was such a hole in the wall i don't mean to knock it
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but if you look at this and go there years ago, you look over your shoulder and it's a safe place to be in all the future politicians and gifted new york times writers, what made it and how did you get that way? >> it is the spirit of springsteen and when they started they brought something that i feel like you can only find in new orleans, that is a collaborative, you to experience anywhere else, i'm a political reporter i travel around the country and i try to find venues and i go to anton's in austin in new haven and these are cool venues but when i'm there and like what special guest has popped up. >> how do they pop up, it's a way that you tell the story that is funny and even springsteen reflects on, he would ask the unknown, can i gm with you a little bit, yes.
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he's the first time he ever met he gets a tap on the shoulder and bruce introduces him like hi i'm bruce. it was understood that you could do that because the pony created the atmosphere in the musicians created it was in asbury park because that's all they could afford in the 70s and ice even a lopez in the packet he would come up in singsong. neil: their egos, the old bob dylan line. but i wonder how that got to be. >> i really do think it was those guys starting, they call them the good goes to live in the pony and every man felt t that, the bantu would call it home, punk isn't the most collaborative yet to be tight and driving but when i would see the bouncing souls, guys from my cam would come up and play and that's not something that comes ever bu but what for ever reason
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check your ego, you can have a blast if you hop on stage. every artist i talked to recall that sensitive joy you're working musicians, gigs our work. neil: what a brilliant thing, i really did love this, some of the great ones and really business check your ego at the door, that is a common quality more so than you think the whole area not often as you nothing like the old days but it's become gentrified in the stone pony itself but the area is something pretty shaky and pretty expensive, nothing like the old days and i don't know if the stone pony itself ever got its kitchen together, are you write about the days that that was not the case that blew me away, what do you think of it now. >> when you walk into the pony you feel like you're stepping back in time the walls are black and the floor is sticky and the stage is really close to the audience. neil: maybe that is just the
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charm. >> it retains the authenticity. that is so hard to maintain and so hard to have in the first place into not give it away, the whole reason i wrote this book is because when i was going to asbury park in the late '90s early 2000 there was a rotting structure, symbolism of the town that could not get it right always failing and dangerous when it came back after ten years away there is a luxury condo building in the penthouse that faces the ocean to get $6 million, unfathomable it's what happened in the town but what is interesting is still kept his character, certainly more expensive. neil: you have to, personification and journalism of what bernstein was and now is in you music your local jersey boy who made good and always keeping in touch with the people and not forgetting where you came from, that is springsteen's magic. >> thank you i think about home and roots a lot and that's why
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that's why felt my whole life, it's how a lot of people from new jersey feel, southside johnny says in the book we were the joke band from the joke city in the joke state but we were about to kill and show the world that we could, i think about all the time there is something about new jersey that we have a lot of pride and we also know that we have to prove it inward to keep doing that and we have a big attitude. you have an attitude but i never see it. anyway i don't want to go home the oral history of the stone pony i read it in one sitting, it is not good i have a biased of course, from jersey and all of this, when i see people from jersey making a big and i get the keys in advocate nick that's a smarty-pants from the new york times, it's good stuff. we will have more after this. ♪
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neil: all right, a couple of developments we are following right now. this flooding going on in southern florida. it could get worse and here's the problem with a lot of these locations where it's happening
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it takes a while for the water to drain. combined with the possibility of much warmer temperatures, not only there but across much of the country. in fact over the next 48 hours, we could see more than half the country embroiled in this hot weather, nothing like what we're seeing in florida where you combine hot weather with flooding, keeping an eye on that also keeping an eye on this sell-off at the corner of wall and broad. maybe it's sinking in the reality of only one rate cut , if we're lucky this year, but that is weighing on some stocks not all stocks, not all technology stock, not nvidia and apple and some of that but they all have come off their higher level. keeping an eye on that as is the gang from the great show "the big money show" taylor riggs to do the honors on that. i just noticed, taylor, looking at all of this the bottom line is the markets just cannot get past this fixation, you know taylor: obsessed with the fed just like you and i are. neil: exactly. we feed the beast. taylor: we're making the fed fun again, doing it all, neil thanks s

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