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tv   Cavuto Coast to Coast  FOX Business  July 23, 2024 12:00pm-1:00pm EDT

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you said dolly, right? >> number one, dolly. stuart: correct. the answer is of course dolly. they took out her cells from the original dolly, combined those with eggs from a separate sheep and placed the egg insider third sheep and the clone, dolly, was born. got that? >> that was a long time ago, that was years and years ago. stuart: i was in england at the time. it was in the 70s. i came to america in the early 70s. 15 seconds to go. want to say anything? >> watch for earnings report as the market continues to move. stuart: i almost took neil's time a but it's yours. neil: i remember that very well.
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the first thing they said when they made dolly, hello, dolly. hello. the best i could do. thank you. we are following so many developments which means at the same time it is remarkable when you consider president biden addressing the nation tomorrow night, the secret service director calling it quits, kamala harris heading to milwaukee and already locked up the nomination. remarkable. all of that would be with sighing the markets. they do their own thing get. we will beyond that in a second but the story of the moment, alexis mcadams in milwaukee clearly seeing the democratic presidential nominee doing whatever she can to block
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battle states, battleground states, among them alexis. >> reporter: this is the fifth visit by kamala harris this year to wisconsin. that shows how it comes down to the wire when it comes to politics in the dairy state. what does a kamala harris rally look like? this is outside milwaukee. it is in a small gym here in a high school and their crowd hasn't been that large. people i asked said we didn't get a heads up. we have to see who shows up. are you jazzed about kamala harris being the presidential candidate? watch. >> i don't know who but is this a best america has got?
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she's going to get the back lash of everything happening, they are just going to blame her. she was just the vice president. let her speak and give us a shot. >> reporter: that is what people on the ground are saying but the race is on. one hundred days until the election and kamala harris is heading to wisconsin. democrats say they will use 48 campaign offices in 43 counties in wisconsin that were set up for president biden to focus on kamala harris. we know harris visited wisconsin a dozen times since she was vp self i and county because she keeps coming back and grew up near madison. she has some roots in the state. in 2016, donald trump won wisconsin by 20,000 votes, not the case in 2020 when he lost the state buyer small margin. what was saying on the ground in michigan, in wisconsin,
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thinking president biden had it what it took to be donald trump so they are happy to have another candidate but they thought they might not want kamala harris but somebody else. we will see what she says this afternoon in two hours. is she going to get some people hyped up because they need them to have that excitement in wisconsin. neil: we are learning chuck schumer is ready to endorse harris. this happened at rapid speed. did anyone expect this? >> no. i asked people were you surprised biden dropped out? they shrugged their shoulders and said looked like he was being pushed out. was it upsetting to people in the democratic party that nancy pelosi reported the came in and told him you're going to go now or start putting up internal polling and people thought it wasn't handled the best by the democratic party but as big names rolling for these
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endorsements people are getting excited to see what kamala harris has to say, she took over at campaign headquarters, you heard kamala harris speaking about a theme we will see on the stage, she knows what donald trump is like, talked about his rap sheet and his court cases and she put her record against his any day of the week. neil: great reporting. want to go to edward lawrence. president biden is going to be leaving delaware planning speech to the nation from the oval office to detail why he decided what he did about quitting the race. what is the latest? >> reporter: the president in 30 minutes will beef his beach house or the white house. he will talk to the nation at 8:00 pm eastern time tomorrow night and give a reason as to why he is stepping aside.
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when he gets back to the white house it won't be open press where you see the helicopter landing. this is a small pool press, potential you will not see him. president biden so defiant that he was the guy for four years, he is staying away from the cameras. he meets thursday with benjamin netanyahu. kamala harris will not preside when the prime minister comes to speak to congress. anointing her as the democratic nominee moved so quickly even president biden's staff is playing catch up. >> there is no spin. he truly believed it it was the right thing to do. he truly believed it was the right thing to do for this country, the right thing to do for this country, the american people, is to give it to someone incredibly qualified.
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>> reporter: life is normal after the white house is gone at the moment. we've heard from the vice president one time since she took over as campaign head or head of the campaign. she landed in milwaukee in one hour from now. the vice president will make her second speech and seems to be running on the policies president biden has run under. a joint policy. americans fed up with those policies specifically the economy and borders. we will see how it plays out. neil: she can't run away from it. she is the team that presented them for good or ill. charlie gasparino follows the money, follows the momentum. one thing about both, they are both at warp speed. charles: this is a huge net positive for the democratic party as a whole and here is why. you see this coming from wall
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street research dissecting this for obvious reasons. whoever is president is important for the market and the economy. here is what we are right now. the reason you don't see the markets trading off on any of this is it is unclear how much kamala harris up into the race. as of now, she is still behind donald trump. she polls about where biden pulled laura bit better. where it gets interesting is the odds of a complete republican sweep, one reason nancy pelosi wanted biden out immediately as it was affecting his candidacy and killing the down ballot races. the notion that the republicans have a sweep of the house and senate particularly the house is almost off the table. that's what the research says.
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it will be difficult without the drag of biden for them to win the house. the senate is different. there's more democratic seats up for grabs. kamala harris who can stay up later than 4:00 pm, a net positive. that said, she brings a lot of negatives. that is where the markets are pricing in a trump victory in the fall. we have a long way to go. both candidates will be assessed on the merits. kamala harris came out of the gate in 2020 in the primary very strong, she fizzled out at the end, people getting to know her, maybe she learned a few things since then. donald trump to be honest with you has to mentor negatives. i get labeled as a never trumper because i report stuff
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about him. personally i like donald trump. i've known him personally for years. he is a mixed bag in many respects. i don't think diehard trump supporters appreciate the level of animosity among independents and swing state voters to donald trump. they may conclude he is better than kamala harris and better than joe biden but that is still there. as someone who is better than joe biden might tap into that. this is far from over. the money will flow into her i think. very shortly if not already. you got to give them credit, the democratic party when they make their minds up about get rid of a president and anointing someone else as president in waiting they are pretty efficient and ruthless about it. this is an interesting story. and the whole thing, this gets me back if you think of the
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biggest scandals we've covered in politics, who was covering up for president biden this long? a legitimate question. the american people were deprived of a real primary. as someone who got to be the nominee based on fighting it out because the party tried to tell us the democratic party that president biden was mentally and physically okay and he obviously wasn't for a while. neil: whatever was going on accelerated. that debate, thank you very much. charlie gasparino on all those developers. kamala harris is off and running with a lot of money and attention but a lot of people are curious what she could mean for wall street and the financial industry in general. she has been talking about an industry crackdown, the former new york stock exchange chairman and ceo, good to see you.
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>> great to be with you. adam: what do you make of the kamala impact? the apparatus is anything and the money making ability is anything, she could be formidable. i wonder what you make of these early moves and locking this down more than 24 hours after being a presidential candidate? >> the quick departure of president biden is reminiscent of the elimination in godfather one, i think the challenge for vice president harris is to come more to the center and when she attempts to do that, begin to understand how much of
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an influence of the extreme left will have on her. people pain her as a san francisco liberal but she's broader than san francisco. she understands what silicon valley meant to the economy of california and understands job creation as a result of the innovation in technology that comes out of that ballot. if she's going to be a serious contender for the presidency, she has got to tamper down a lot of the extreme movement on the left because our economy right now is kind of saying she will do that. certainly the market is saying that. i am hopeful that she picks a team, if she is successful lanterns the presidency, that she picks a treasury secretary
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that really understands the need to coalesce with the business community, pro consumer and pro business at the same time, that will no doubt aggravate the far left. when bill clinton was elected, he quickly understood he had to pivot to the middle and produced a great economy and whether she is able to do that is up in the air. to charlie's point a moment ago, we know donald trump's personality is irritating a lot of people, but his policies were extraordinary in terms of creating an energy independent nation. in terms of job creation. vice president harris is going to have to pivot to that and
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the people on the far left are going to have to understand if he is going to be successful and if our country is going to be successful they have got to accept a that. neil: any new face coming in, politics as in business, a get to know the person, you saw that your self when you took over the stock exchange. you were an insider but many in the case of your predecessors picked from the outside, some had doubts whether they wanted to measure you. you were up to the job and outstanding job. we would assume everyone around you knew who you were, every one knows who kamala harris is but the difference is while she has been vice president the last 31/2 years. how does she make an impression?
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>> to my own experience obviously we didn't hold the beauty contest. neil: i thought they did. >> it was the hair that put me over the top. to reach out to the other side of the aisle, reach out to the business community, reassure people that this is the greatest economy, this nation is the greatest producer of wealth not just for the people at the top but from the bottom up and that she is going to be a conduit to that continuing. people now say she's going to get a bump post what happened on sunday and she's gotten the tremendous bump in terms of fundraising but we are a long
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way from november. to your point, the world, the us needs a to get to know the real kamala harris unshielded by a president who had a long history as a senator and as a vice president. he has to market herself and if successful in doing that, i would advise my good friend donald trump don't take her lightly, because people back in 92 talk bill clinton lightly and you know what happened there. it is going to be a very interesting landscape. i'm looking forward not only to what she has to say but to the people who coalesce around her. who is going to be her treasury secretary? you got two great names in
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johnny dimon and larry fink, some people on the bench, how about lloyd blank fein who navigated the great period in a turbulent time. neil: a lot to being decided, thank you for the godfather analogy, the first ever to use that on the show. good seeing you again. >> always an honor to be with you. one of the best heads of the stock exchange. a crucial time after 9/11. very tough to do. you might have heard the secret service director has resigned, calling it quits. a lot of people wonder what took her so long. anna for lena luna of florida
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is one of them, next.
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i'm so glad i did it. it was successful in every way. to learn more, call today or go to gentlecure.com the moment i met him i knew he was my soulmate. to lear"soulmates." today soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title. adam: the head of the secret service is gone. like an embattled ceo she was forced out in the hearing
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yesterday didn't help her. how horrific it was for her, this is not a big shocker. >> too little too late, inside the homeland security hearing about the assassination attempt, the same one director cheadle refused to show up today and lawmakers whipping out phones and looking at it and that is when the news broke and it spread like wildfire. fox obtained a letter written by director cheadle to her staff and in it she writes as i stated in the hearing yesterday, she's talking about the oversight hearing, you are worthy of trust carrying out critical mission. donald trump met with cheadle,
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out with his own statement, never gave my proper protection so i end up having to take a bullet for democracy. many requests were made for more people always with a turndown or no response. i had the biggest crowds in history and they should be treated accordingly. big improvements have been made over the last week. cheadle resigning after the disastrous performance in front of the oversight committee, speaker johnson moments after calling get and saying that she did. >> i am happy to see that she has heated the call, and the american people's faith and trust in the secret service as an agency. >> reporter: house speaker mike johnson and hakeem jeffries
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launched a bipartisan task force to look into this assassination attempt, her resigning doesn't change anything, they have to change how the agency works. neil: that is another statement, great to see you. she is gone. she quit. you have a lot of concerns. >> initially she denied them, then said she used this communication, different timelines, at one point said she didn't have timelines to reference. this task force is going to have a side-by-side for the secret service to not have this
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happen again. and they want to have this without media present. we want to dispel any conspiracy theory, and information directly to them. neil: the fact of the matter is under the umbrella of human -- homeland security. the homeland security cabinet department has become essentially overadministered and what do you make of that? what happens to alejandro mayorkas? >> mark green, the chairman of homeland security subpoenaed
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information from mayorkas in talks with him over the phone but ultimately within the next couple months the security director wanted to give a 60 day report that is unacceptable. they need to convene session, figure out what happened and any person that was in charge of deciding whether donald trump should have taken the stage while knowing there's a threat need to be fired. in general from here on out there needs to be a number of secret service delegated to vips whether it is presidential candidates are members of congress under threat. your say a bipartisan push, and showing the vulnerability that existed because of her lack of competency and leadership, the world knows how vulnerable we are.
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with findings of that committee and changes, people need to be fired, this could never happen again. this is egregious, it was disgusting and i'm glad she resigned. >> it was scary to your point. a lot of people think we got to change the way we do rallies, indoor or outdoor, in the throes of the campaign season, rallies are resuming and kamala harris as the democratic presidential candidate, what do you think of that? do you think these rallies can go forward? the secret service is on top of things? >> secret service will be under a microscope so they are doing everything to ensure these rallies will stay safe and i don't think donald trump should change what he has been doing, the secret service needs to do their job and i think they are going to. on my investigating and something i brought up in the oversight discussion with former director of the secret
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service is they were working with law enforcement and law enforcement said secret service was not attending briefings and some of these areas because they were outside the perimeter, secret service was not bothered with them. secret service's job doesn't start with the perimeter, it starts in ends with the protection of the vip whether it is donald trump or kamala harris or nancy pelosi or speaker johnson so i will say that can never happen again and it isn't going to and i'm looking forward to see who is working with the shooter. neil: you are not the only one. you did lead that charge. in the meantime we have been paying more attention to crypto. they democratize is the process, more people can have crypto related plays it goes counter, it should lead to a
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>> welcome back to coast-to-coast. big news in the crypto world. 8 etfs going from the sec, big
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deal when it comes to legitimizing crypto as a credit blast that. big names behind these etfs, black rock, fidelity, in theory would be institutional money flowing get into ethereum. you get a bigger comfort level on the investor side, overcome the psychological barrier. crypto was not as volatile as you might think. you would expect this to boost the price of either significantly. they expect billions to flow this year, we saw 15 billion investing in big bet -- bitcoin after its launch. it is not necessarily happening today. you could see a similar figure as you go through the lifecycle but bitcoin had a mass appeal. it seen increase in price this year but it has had a bit of trading that you can see.
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that might be what's going on. i went to zoom out, crypto is becoming a key issue in this election cycle. one in 3 likely voters consider a candidate's crypto position, donald trump is looking to tap into the voting block. to classify bitcoin to see the treasury by billions in bitcoin. and other assets, a lot of hype going into that conference, rumors, elon musk, a big bitcoin bill, huge movement toward making crypto mainstream. neil: he was big on having customers pay for it with crypto. chief market strategist edward
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yarddenny. your take, talking about going get to another 1920s decade and that panning out that way. where does crypto come into the mix? >> nothing in the 1920s analogous to it. crypto is another technological innovation in finance. i don't see that it is having a significant impact on the economy, you can't account for any major increase in productivity and the financial sector as a result of crypto. right now it is a side show with respect to folks who are major investors in financial technology. neil: i am glad you reminded us
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i was around in the 1920s. let me ask about what he said, this is something that is apart from the regular market but this great hope, they haven't had the bang for the buck that some expected. what do you make of that? >> edward is right in his description of it and it is very much in its infant stages. there is a future for bitcoin and ethereum. it is a long-term player. looking for wild movements i don't think you will get that right now. they've taken bitcoin and ethereum up 19%. some of that is ahead of this,
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the sense that it would be approved with etfs. we saw a lot of movement, a little bit of a pullback in bitcoin and ethereum but as a long-term player feel like the space and want some exposure you have to recognize what percentage that would be. it is something that is a longer-term play. neil: cut i ask about the backdrop of the election, biden stepping out and kamala harris coming in, the attempt on the former president's life ten days ago, the markets traditionally don't think about presidential elections until late summer or early fall, is this reflective of where the election could stand? >> you want me to jump in? it seems to me that markets did
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an excellent job tuning out as much of washington as possible. that is advisable. there's a lot of turmoil. we will see how the election plays out. whoever wins could make for radically different approach. if kamala harris is the presidential nominee and she wins, we will have a more radical version of bidenomics or whatever you want to call it. if trump wins we will have something completely different as well. we will have continuation of tax cuts, tariffs, much will depend on how congress pans out in terms of what the next president could do in terms of damage or things that might be
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good for the market. the market has done well through thick and thin through democrats and republicans. the strength of the us economy. >> i don't think people should make decisions based on politics or what is going on, short-term chaos in the markets and price stocks in the long-term. some was the move out of tech to be overvalued but some of it was the market being very uncertain. was he in or out? every day was a different story. there's that much uncertainty, now that it is certain he's no longer there, she is, the
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majority of delegates, and some certainty, trump on one side, kamala on the other side. who she picks is the vice president to get a fuller picture. the market has done well under both parties, to have gridlock or a complete republican sweep that's going to happen and a split congress. under a gridlocked congress. there is some control how much either side will do. neil: and markets with that gridlock. we have another development, interesting view of the market, home prices down soaring hit a record for the second time we've seen that in a row. that could determine a moment,
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the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title. when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets.
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president biden back, to stay at the white house. he will step down as far from the democratic party ticket but will serve through next january 20, 2025. my next guest is concerned about that, big biden donor but not yet kamala harris. morgan is kind enough to join us right now. why do you feel -- very good. >> why do i feel this way? we are at a moment in time where the president has backed out and we have the opportunity to have the best candidate who has the best chance of winning. it's an unbelievable opportunity and i am sure donald trump is not happy that joe biden has dropped out.
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harris brings things to the table, best speaker on abortion, her heritage, good things. is she the best messenger. is her way the best way to go forward. fantasy baseball or fantasy football, and the best players on the team, playing fantasy basketball, pick in one second all of us lebron james. we have that type of opportunity, that type of opportunity where they are squandering it by taking a letter pick. i don't understand that. neil: who is your party's lebron james? who would match of that?
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>> lebron james retired, his name is barack obama. that's our lebron james. bill clinton was our michael jordan. those are once in a generation players but there are people like andy bashir from kentucky, schapiro from pennsylvania, kelly from arizona, witmer, even michelle obama if wanted to see if she is up for it but a combination of two of those people. that is my feeling, but the deal is done. i don't think anything more can be done. neil: would it make a difference if she hooked up with one of the people you mentioned? >> i have always felt, i forget who said it, the vice presidency is a warm bowl of spirit or whatever they said but i don't think the vice
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president makes a difference. when dan quayle was picked, it didn't matter. it only matters when it matters. and now, so no, people -- neil: it's like teddy roosevelt. he turned out to be pretty good but you said something when you tweeted out you have to be enthusiastic or hope for a political appointment when asking for money. i am neither. the donors can release these funds, it's all yours. keep my million. that's pretty strong. >> it is true. to go out and have a fundraiser, to raise $5 million, sounds easy but is not easy. it's very difficult. to do that you have to have motivation. you have to believe or really want something. there has to be a driving force
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which i've been offered ambassadorships i don't want, i've been offered positions i don't want. i am at a point in my life that i'm not enthusiastic about this candidate. let someone else and by the way, my money now is minuscule in the scheme of things. when biden was first running, i was huge because he was down in the dumps. he was losing and i was pouring money and. i was a surrogate speaking for him and then he won. i was something than. i'm nothing now. neil: you say that but you are a very influential player and get a lot of attention. john morgan on that. it's not going to be kamala for him at the rate we are going. the rate we are going, trying to get anna delta flight even now, good luck.
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to have my mortgage paid off, you know, it seemed like i had won the lottery. today, we welcome the kennedy family into their mortgage free home. the timing was just incredible. with everything that i'm going through with my treatments for metastatic breast cancer. having our biggest bill being taken care of by tunnel to towers, i'm able to on my children and my health. people should give to tunnel to towers, because it really helps family members of fallen service members know, first responders who they wake up one day and it's a normal day and then their world can just be turned upside down. to know that there is an organization that can step in irreplaceable. please contribute $11 a month. to help families like mine please visit t2t dot org. [coughing] copd isn't pretty. i'm out of breath, and often out of the picture. but this is my story.
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( ♪ ) and with once-daily trelegy, it can still be beautiful. because with 3 medicines in 1 inhaler, trelegy keeps my airways open for a full 24 hours and prevents future flare-ups. trelegy also improves lung function, so i can breathe more freely all day and night. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. ♪ what a wonderful world ♪ [laughing] ask your doctor about once-daily trelegy for copd because breathing should be beautiful, all day and night.
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adam: more flight cancellations and others as well but not as much as delta. what is going on? ashley: it's embarrassing for delta, an airline that prides itself on punctuality and reliability. all the airlines whose aspect of life are affected by this glitch in microsoft windows, for delta airlines it completely wrecked their crew tracking system. they didn't know where their crew members were. they don't have enough pilots or flight attendants. in fact, reports suggest those crewmembers are in airports somewhere around the country and in many cases forced to sleep at the airports. they are a huge embarrassment.
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horror stories stuck in airports. investigating, treating its customers properly. some of the horror stories i am reading online, this is a huge black eye for delta. adam: we are not so gung ho about the future of travel so there's something going on. ashley: there is. it shows what a glitch can do to the infrastructure we rely on so much. delta says there delays could continue through the end of this week. there will be investigations. neil: we will see what happens as will jackie deangelis

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