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tv   Cavuto Coast to Coast  FOX Business  June 26, 2024 12:00pm-1:00pm EDT

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youngsters have dogs and babies parading up and down washington streets. the canine capital. lauren: the restaurant outside the waterholes for the dogs. i don't have a pet. the dog bowl. what do you call them? they are called dog bowls. sorry. stuart: you ever have a dog? >> i get that question daily. we when your children are begging you. >> i have to do the work. they promise they will walk the dog and feed the dog, and that last 3 days. stuart: we should do something about this on friday feedback. how many parents are being begged by their children to have a dog and refuse? lauren: every parent caves. i have not yet. stuart: almost out of time. three seconds. coast-to-coast starts now.
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ashley: coming up on coast-to-coast, cavuto's coast-to-coast come bidenomics versus m -- maganomics. both campaigns tout their plans this afternoon and getting an early look at what's on tap. welcome, everybody, to the show. i'm ashley webster in today for neil. we have a busy hour ahead so let's get started. at let's get to those campaign events. black american business leaders.
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there are other taxes and regular and for everyday americans and businesses. that's how he's going to grow the economy. president biden claims his legislative wins like the bipartisan infrastructure law, and the inflation reduction act creating jobs. he says all government spending is spurring private investment. biden is away at camp david so he sent senator john ossoff to campaign for his reelection.
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on economic issues our latest poll shows trump has a five point advantage over biden. >> if they don't do something, it is going to be so out of shape they can't afford a home now. are they going to afford rent? >> looking at every day life, gas prices, inflation, the ongoing wars, major groups of people coming into this country. >> the first time these two men will be on stage together in this format in four years so there's a large at stake tomorrow. they are eager to hear about both candidates's plans with inflation hitting americans so hard. ashley: thank you very much. grady trimble in atlanta.
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sarah bedford and richard fowler for reaction on this. let me begin with you. atlanta journal-constitution paul said president biden is losing the black support, hemorrhaging voters according to the poll. 88% he got in 2,020 on the latest poll shows he is down to 70%. how much of an alarm is that for biden and can trump take advantage? >> it is a huge alarm for president biden to have his support eroded among the constituencies that put him in the white house. the race was very close in 2020 so it doesn't take a lot of erosion to make a significant impact on president biden this time around. donald trump's path to victory will run through georgia because he carries the peach state and arizona and other midwest states.
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polls showing the donald trump conviction not necessarily swaying voters against him in key states. looking at the polls, the momentum, whether the debate shifts that, that is what the biden campaign has. ashley: 42% of democrats are not satisfied with president biden as leader of the party. tomorrow night to convince more of his own party. >> he needs a good debate performance. over the past three years and put the country back on track. some of the soundbite you hear from the president, john ossoff talking about job growth. and small businesses created, enough to create a contrast
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between himself and the former president. what we know to be true, the trump administration and the biden administration are responsible for inflation, there's a lot of government spending the last couple years. under donald trump, $4.8 trillion of borrowing, $2.2 trillion, and i borrowed less and here's where my money went to and here's where trump's money went to and expand the difference tween the two agendas. ashley: i spoke with karl rove, with regard to donald trump, if wild donald trump turns up tomorrow night he's in big trouble, he's going to lose but if a calm donald trump shows up and talks about the issues clearly he will be tough to beat. what say you? >> absolutely true. that is why the debate rules might work in trump's favor, the structure of the debate
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will include microphones getting turned off when they are not talking about that might protect donald trump from himself, from yelling over biden in the aggressive way saw in the first president will debate when donald trump arguably lost a lot of momentum. if trump shows up and says what he normally says on the trail in his rallies about the economy, voters remember the paris covid years of the trump administration and experienced, currently experiencing the biden economy talking points isn't going to change the way they feel about their money. ashley: jason chaffetz said the bar is set so low for president biden as long as he doesn't rule on camera the mainstream media will call it a victory. is it that bad? >> over and over we've seen president biden give credible performances including the state of the union but sarah is right, this is not about
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talking points. it is about facts. one of the fact he will see the biden campaign bring out is the fact that donald trump is talking to you about tax cuts but when he passed the tax cut, the one for middle-class was temporary and it expires next year. will republicans extend it or won't they extend it? this is part of the debate tomorrow. ashley: we have more for you. thank you for that. the supreme court has not handed down a decision on donald trump's presidential immunity argument. let's bring in the host of fox news sunday, shannon bream. can you break it down for us? the big showdown tomorrow night between the two candidates? >> reporter: that big decision could come tomorrow. we will get opinions thursday and friday at 10 am eastern and immunity is the big one we are
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waiting for with other things on abortion. there's a lot to weed through in the next few days. it is possible it bleeds into next week but what a thunderbolt if we got that immunity decision when we are going head to head, former president, current president, neil gorsuch, writing a rule for the ages and the importance of that. what they gave us was a decision on whether the biden administration could have conversations with social media companies during things like covid and the 2020 election. the plaintiffs who brought this case didn't have standing, with the injuries and defendant's conduct, asking to conduct a review of the years on communications between dozens of officials across different agencies and social media platforms and topics. they are not permitted to do that kind of thing for another branch of government lose the
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dissenters by justice alito, blatantly unconstitutional, communications behind the scenes, the country may come to regret the court's failure to say self. if it is carried out with sophistication they may get by and that's not a message this court should send. that's the decision on that. the white house weighed in a few minute ago saying this will help us continue our important work being able to communicate with social media companies. the other side says it's a dangerous thing. we will see that tomorrow morning. ashley: you will be busy as always. thank you very much. i want to bring in former us attorney guy lewis. who knows? do you think we could get an announcement on this issue tomorrow before the face-off between trump and biden? >> i think we could. this is going to be a huge opinion that comes out of the court, blockbuster opinions
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that may affect the prosecution's vote that has occurred in new york and the current pending prosecutions in georgia, florida, there is, i don't think, not a bigger case in the supreme court right now. ashley: the basic argument, presidential immunity, if you don't have it you will be second guessing everything you do. the other side of the argument, you give criminal conduct a free pass. is that the basic argument, the difference between private conduct and official conduct? >> you got it exactly right. it is interesting. i was assistant us attorney for a long time. as a federal prosecutor i had limited immunity from prosecution if i made decisions
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about cases, individuals and that kind of thing and the president as chief executive officer of the country has at least the same kind of immunity. you will see the supreme court come out with immunity, no question about that. the question is how broad is that immunity going to be, with this court, the decision will affect every single one of these cases that are currently pending. ashley: that's my next question. if trump wins, could that delay his other criminal cases? >> i think so. the court will say there is immunity here, no question. they send it back to lower courts and say you've got to work out the details. he couldn't walk out on the street of new york like we once heard and shoot somebody and be free of prosecution.
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that's not going to happen. the classified document case, what i call mickey mouse case, georgia case. if he is the president and is making these decisions, ashley, i think he is immune from prosecution. ashley: he's got a 63, conservative ct. trump himself appointed three supreme court justices. should we read anything into that? >> you've got to look at it as much as these are conservative justices. they care deeply about this issue and getting it right. they want it to be right. they want to put politics aside. look at the new york case, are you kidding me? the president can be convicted on a porn star and syria liar
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and hold up during the election process itself, they won't like that at all and it will have a short shelf life. stuart: great stuff. thank you for joining us and sharing your expertise as we wait on the supreme court. thank you very much. coming up after the break, turning to tiktok for money tips. chat with one influencer helping jen z get ahead, the story when we get back. ♪ ♪ (fisher investments) at fisher investments we may look like other money managers, but we're different. (other money manager) you can't be that different.
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ashley: to the open border, michelle bowman says increasing immigration to lead to higher prices. edward lawrence is live with the latest on this. >> reporter: interesting you had a federal reserve boardmember acknowledging there could be an impact from the border to inflation.
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michelle bowman, who set monetary policy this year, amount of migrants that fled into the us pushed up certain prices. >> increased immigration and continued labor market tightness could lead to inflation. given the currently low inventory in the united states, in some geographic areas could result in upward pressure as additional housing supply may take time to materialize. >> that is fed speak for a rental apartment houses taken by the increased number of migrants could push up prices, 7.7 million people illegally cross the southern border when president biden came into office. national association of realtors said housing shortage of millions, economics 101. or demand, less supply. unlawful encounters dropped following executive actions in
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june but the memo and democrats only promote what the president did 3.5 years into his term. >> the volume of individuals claiming asylum at the southern border is down. president biden has been leading on these issues. he strongly believes in securing our border while offering pathways to individuals to have work permits in the united states. >> the memo fails to mention the heat, dangerous heat and the moves texas made to deter those crossings, now we have a link between inflation and the border policy. back to you. ashley: thanks to the fact that you are fluent in fed speak and we do appreciate that. not always easy. ashley: i need subtitles. not just the fed watching inflation.
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jen z is turning to tiktok for advice on financial security. >> i would do what most for your doing, looking at their finances and creating a budget. budgeting is often associated with the word restrictive but it's just about understanding where your money is going so you can enjoy your money instead of it controlling you. ashley: tiktok influencer taylor price has a following on videos for young people about managing money and she joined me now. great to have you here. congratulations. you have more than a million followers. why do you think so many younger people are turning to you for advice? >> so many people want to financially thrive and not just survive and that is what we are here talking about.
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ashley: today's environment with inflation hi, everything costs more. it's difficult to get ahead. rents going up, impossible to buy a home. all these challenges, what do you tell your followers? >> a few simple things, that is one. starting budget. taking a look at where your money is coming in and where your money is going out. simple tips and tricks, the national average on a traditional savings account is 45% whereas a high yield savings account is just 4% to 5%. when looking at $1000, that's the difference between $4.50, and $50. the power of compound interest is astounding. albert einstein says compound interest is the eighth wonder of the world. ashley: one of the biggest mistakes or the biggest mistake young people make when it comes to managing their money?
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>> i would say just getting started as far as wanting to look at the numbers as we just heard from the video it is step 0 and takes a lot of empowerment because it's not tied to sports. this is not a requirement that's required in the united states and that is why people like myself creating platforms like this is where people are going and taking those initial steps. ashley: jen z likes to spend money on experiences. a different approach. is it hard to persuade this age group, you would love to go to thailand for a couple weeks, should save that money because it will accumulate. it's a hard argument to make when somebody is young. >> it is all about the balance. when you look at the charts you can see exactly from what i was talking about, when you are
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putting your money in our high yield savings account versus a traditional savings account people originally didn't have that $50 to begin with and they can use that money to go on trips to go to thailand, costa rica and have the best summer of their life and financially not to survive. ashley: where do you go from here? you have become quite an influencer. what are your future plans? >> serving people, letting been elaborate you instead intimidate you, grow a platform and always dreaming of the biggest best things that can serve the younger people of america. ashley: i am assuming you interact with your followers. one of the questions they have for you -- >> i would say to start is how do you start? there's many methodologies whether using a spreadsheet or using superpopular apps. another question is all about
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credit cards. should i get a credit card? what is a credit score? wise a credit score important to me? these are things that are rarely taught in school and unfortunately for many people it is generational knowledge that wasn't taught to begin with. when people are looking at their elders they are having a harder time finding the knowledge which is why they are resorting to things like tiktok, youtube, websites to learn that knowledge over time. ashley: you have been remarkably successful and i wish you future success. the more people can manage their money the better their life will be. thank you for joining us today. good stuff. i wish i had some of that advice when i was younger. the squad just got a little small. voters in new york ousting get one of the most liberal voices in congress. what that might mean for november when we come back.
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>> a super pac of dark money and spend $20 million to brainwash people into believing something that isn't true. but this will be a battle for our humanity and justice for the rest of our lives. ashley: fighting words. the squad suffering a defeat. jamaal bowman losing his democratic primary by double digits to a pro-israel moderate. eric shawn has the details. >> reporter: the squad is shrinking, there will be one less member of the far left progressive group in congress. ♪ >> reporter: last night democratic voters in westchester county, new york found they were sick of the squad at leftist political
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views so they dumped jamaal bowman in favor of a moderate democrat, joe latimer, westchester county executive. >> we have to fight to make sure that we do not vilify each other, remember we are all americans. if we think that way, the problems that we see, the serious problems, climate change is a serious problem, we have issues to deal with immigration, serious issues but we are bound together by a common future. >> reporter: latimer is vowing to work to defeat donald trump and take the house back from republicans. bowman who has been a harsh critic of israel, blamed aipac for his dip eat, it spent 14. $5 million supporting latimer. he is condemning israel and calls for ending us military aid, echoes fellow squad
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members rashida tlaib and alexandria ocasio cortez and senator bernie sanders. despite his defeat last night he told supporters the fight is not over. >> put your hands in the air if you stand for humanity. put your hand in the air that you stand for justice. put your hands in the air if you stand for equality. make a fist if you will continue to fight for justice, freedom, and equality. >> reporter: latimer will face marion fleischer in november who happened to lose to bowman when she ran against him two years ago. ashley: thank you very much. that's bring back sarah bedford and richard fowler. this local race putting a spotlight on the division in the democratic party over the israel/hamas war. >> that's right.
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that's one of the biggest take aways from this loss. there are parts about the jamaal bowman primary that might not be replicable across other districts like if bowman became a national embarrassment after he pulled the fire alarm on capitol hill and was particularly vocal against israel but there is perhaps a playbook here for centrist democrats interested in unseating far left candidates that highlights the divisions within the party and suggests potentially voters are fed up with progressive politics that are on the fringes of public opinion and politicians like bowman who spent more time becoming a national celebrity representing the actual constituents of the district. ashley: listening to bowman after his defeat, he' is not taking responsibility, was very
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tone deaf to those in the district, he blamed the aipac super pac for using dark money to brainwash the voters, statements on his own campaign. >> you could have run against jamaal bowen for his harsh criticism of the israeli government. here lies the problem with this. aipac spent $14 million, not a flip. democrats will hold this seat in the general election. if this is the playbook centrist democrats are going to use to take out progressives, hope they have $14-$20 million in their bank accounts to do it, that is the underlying story, it costs $14-$20 million to take out a member of
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congress that was guilty from the ethics committee for pulling the fire alarm. a lobby that seems to be trying to hold on to what used to be the third rail of american politics criticizing the israel government. ashley: a warning shot to the rest of the squad. >> the victory was a blowout. it was a 17 point victory with a lot of money spent but every margin of victory doesn't need to be a blowout and doesn't require as much investment. if we look at congresswoman cory bush, polls show her centrist democratic primary opponent is potentially pulling out of her and if you have a situation where conditions are right for her centrist primary challenge for constituents who are fed up with a member whose
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too closely associated with radical far left democrats i don't think it will take $14 million to move the needle. you don't need a 17 point victory, you need half a point victory to change the calculus. ashley: if you are going to allow the far left to dictate policies, a president who tried to incorporate them, is that period over within the party? the far extreme left, their influence will start to wane a little bit? >> don't know if it is far left or far right. it's all elections are local. if you think someone is a member of the squad, summer lee in pennsylvania had a similar contender, she won her primary handily. this is about knowing your voters, your district and making sure you have boots on the ground to win your district to. that . that is also where bowman
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struggled, getting to other parts of the district, he did well last night. ashley: i love politics. it is fascinating. some people hate it but we love it and that is why we talk about it. thank you both for joining us with your input. i want to get to the other side of the aisle over the push to arrest merrick garland. congresswoman luna to hold him in contempt of congress if he doesn't hand over the audiotapes related to the biden special counsel investigation. >> garland has time to comply with this request. we ask that he bring the tapes to the house and lets us listen to them. in the event he does not, we will press forward with calling the privileged motion to the floor friday morning. ashley: let's bring in congressman pat fallon.
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not everyone in the gop agrees with this strategy. where do you stand? >> i do agree. merrick garland is not complying with a lawful request. the responsibility lies at his feet. i fully support congresswoman luna's motion and think if he does not comply. ashley: the argument against it, it is rarely used, won't get the votes for it, not the best approach but to your point, haven't been able to get hold of these audiotapes at all, have you? >> correct. think how damaging these tapes must be if they are going to these lengths not to be transparent. i thought president biden said this would be the most transparent administration in history. this might -- the only way you will know if you have the votes is to have the motion on the floor.
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it will be tight. it could pass and the house sergeant at arms, rarely used but a potentially powerful tool and cumbersome in inflation. ashley: i want to change subjects and get your thoughts on this, alejandra mayorkas holding a news conference in the tucson sector where he is expected to tout the decrease in migrant numbers since president biden announced his asylum related executive order a few weeks ago. what are your thoughts on that? >> i could teach a 3 credit college course on that, it is smoke and mirrors, loads of people going to the polls to vote in the president election, president biden has done nothing other than a wide-open portion and statistics show it.
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we've not had a month like this, under president biden we had 28 of those, 38 months in a row, and if you look back at obama they had 2 million illegal immigration encounters, president biden had 10 million, five times worse, he's done nothing for these 42 months, and he is trying to fool us into thinking he's taking it seriously. ashley: for years he hated the word crisis, mayorkas says the border is secure and they flipped 180, what are we doing to solve the crisis? >> it's not a crisis, it's a calamity. under donald trump in fiscal year 2017, 300,000 illegals for the whole year. 300,000 illegal counters in december 2023 so it is 12 times
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worse. for president biden to look the american people in the face without laughing hysterically saying the border is secure and i got this, we need donald trump to come back so we can secure the border because if you are not safe you are not free and we are not safe. ashley: congressman pat fallon, appreciate it. same to you. uber drivers hitting the streets of new york but not to pick up riders but to protest being locked out of their accounts. live report on this straight ahead. ♪ ♪
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her uncle's unhappy. i'm sensing an underlying issue. 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. 5 the markets sluggish today. investors figuring out what's next. we have market gurus here share their thoughts with us. joining us is ray wong, all star charts founder, thank you
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for being here. some interesting price action on nvidia, and incredible run. is that more end of quarter and first year profittaking? what's going on? >> it is summer. the only stock doing well for a lot of funds. it was a good time to get in if you didn't get in, a stock on a rocket trajectory, not sure where it will end up. ashley: this has come so far, the ai space. the enthusiasm is out the fundamentals. >> great lesson for investors.
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nvidia was breaking out before semiconductors and semiconductors were breaking out before the rest of the market. that leadership is significant and when you study markets, and that persists over time. technology stocks tend to be a leader in every ball market, the fact that it's a leader this time too, not unusual, it is normal. ashley: there are those that say it's fine, nvidia is the leader, magnificent seven and so on but need to see broader growth for the health of the markets, true or not? >> the charts in a bull market are things we are looking for but nvidia has the numbers, 78% profit margin, data center growth, numbers match 45 on the
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pe in terms of their peers and showing the fact there's a bigger market in a i, at the tip of the sphere. and putting ai into action just north of the beginning.would b
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perfectly consistent with blue markets, look at amazon, all-time highs, 20% of the discretionary sector index. tesla went from $30 billion to 1.3 trillion. it is ready to go. i like tesla, it's making new all time highs. ashley: you are above bullish. i like it. thank you both for chipping in. excuse of the pun. appreciate it. thanks. in the meantime hundreds of uber drivers protesting in new york city saying the company is locking them out of the apps to cut costs. madison alworth at the protest with the latest.
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>> reporter: earlier this morning and afternoon hundreds of uber drivers were in long island city but it wasn't to pick up passengers, it was to protest their company, uber. uber is now locking drivers out of the apps to avoid those fees. hundreds of drivers took to the streets driving across bridges, and the tlc office in long island city to demand the company stop doing that. they tell us the sudden change, the lockout is had a huge impact on their take-home pay. how much were you making compared to how much you can make now? >> around half. unfortunately yes. >> what does that mean for you or your family? >> a big impact. if you have done your income it's a very big hit. >> reporter: uber's response is
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to point the finger at left, there compared at her. et cetera by industry average and left has more idle times than uber. than uber. the city's rule holds it responsible for lift's failure. we don't have other options. lift is calling out the taxi limousine commission saying the current formula is broken because the utilization works against drivers, not for them. going into today, uber is putting lockout on drivers was will be learned on the ground is left is doing it as well. we speak and show them a screenshot, sent it to lift and confirm the background that they are locking some drivers out of the apps during lower times when they don't have as many rides being requested, they want to make money and no way of knowing if they can do that.
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ashley: interesting issue. stay with us. we have more cavuto coast-to-coast. ♪ do you want to close out? should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management.
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ashley: $5 billion in river union, cash infusion. and software. and for the market itself. and neil will be back tomorrow. the money show takes you

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