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tv   Cavuto Live  FOX News  August 31, 2024 7:00am-8:00am PDT

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♪ ♪ if. joey: oh, that's it. pete: that's a beauty. joey: that's it. pete: very nicely done. rachel: i'm back, guys, i'm back. [laughter] joey: what have we got, pete? oh, there's a strike. rachel: come on, pete! [laughter] you are the champion. joey: we gave the trophy away in this morning. [cheers and applause] see you tomorrow, everybody. have a great saturday. joey: come back tomorrow. rachel: bye, everybody. ♪ ♪ neil: and here we go, fox on top
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of americans hitting the roads and skies as the presidential nominees calf off a -- cap off a busy week. former president trump barnstorming the battlegrounds as vice president harris prepares to hit the ground in michigan and pennsylvania on monday. where do things stand in the seven swing statements? we're on it. but first, to the great exodus as a record number of americans say good-bye to summer with one last getaway. we've got rick like huth -- reichmuth on the travel rush and jeff flock on the road. happy weekend to you. hope you got where you warranted to go and if your home -- you're home, you're happy and having a good time. i'm neil cavuto. what you're facing if you're heading out, rick reichmuth to do the honors. rick: overall, we've got a pretty good scenario for the country overall. central plains, you're looking good. much of the west, you're looking perfect. but we do have some troubles especially down across parts of the south. southwestern areas of texas all
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the way new the louisiana coastline. potential for some tropical development, probably not. maybe given this national hurricane center's giving this a 20% chance over the next 7 days, but it's the going to be a persistent disturbance across parts of the western gulf. watch what happens. this is through tuesday. we've got a lot of areas right along the immediate coast, maybe 3-5 inches of rain. people are going to the beaches, places like galveston island, maybe down towards south, down towards parts of the south coast of texas. we've got problems, it's going to be with us all a weekend long, unfortunately. this is a look at that a radar picture. you get the idea. a little bit of flooding threat with this. anywhere to the east of this front it's warm, it's human, and this front right here -- it's humid, and this is going to bring us severe weather throughout the day especially looking at this red, threat from very strong winds, can't rule out after tornado. -- out a tornado, strong storms anywhere parts of northern areas of new york all the a way down across
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the tennessee valley. one with last thing, we are here at the peak of hurricane season, and it's been really quiet for about the last three weeks or so. this december turbans right here, a -- disturbance, a 50% chance of development and it is going to continue to to pull off towards the west. this is the one that we're going to watch pretty closely. it's moving slowly, we've got about 6-7 days before it's somewhere out here in the caribbean, likely developing into some sort of a storm. and if it gets here, what happens? does it impact us across parts of maybe in towards the gulf? that is certainly a possibility, neil. we have a lot of time to watch this one. because we now are starting to see the tropics come alive at the peak of the hurricane season, this is a time we need to be watching very, very closely. neil? neil: it has been a mild season thus far. i know you were trying to explain it. i didn't understand it, but there was a factor with sands and particles, what was that about? rick: so there is saharan dust. that dust moves out across the atlantic, and where that dust is, where you would think you
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would have storms that start to bubble up, that dust is actually enough dry air that it stops those storms from forming. the storm comes up, hits that dust, drier air, and doesn't allow it to form. that's been really the thing that has saved us so far this hurricane season. does that continue? probably not. normally, neil, that stuff begins to end in july. it lasted through much of august, so we've been saved so far. but don't expect that to last too much longer. neil: got it. delayed, not denied. rick reichmuth, thank you very much. we told you the conditions for very crowded travel. jeff flock decided to get right on the road and see for himself. lee seeing it as we -- he's seeing it as we speak. to you, jeff. >> reporter: well, or neil, you may want to get used to seeing a few brake lights if you're on the interstates this labor day holiday. that's because -- and this is, by the way, as folks try to get out of philadelphia, slow go here out the window. that's because travel overall this labor day holiday is going
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to set a record. yeah, up about 9% compared to last year, and that's both air, land and sea. maybe part of that is because the cost of travel is down. yeah, gas prices down about, oh, maybe 50 cents or so since this time last year. and air a travel prices down as well. i can also give you some guidance maybe if you want to get out on the roads and want to to not be stuck in a traffic jam. that would be to the leave on monday as early as possible as you head back. they say up until about 8:00 it's going to be pretty busy. the nation as a whole, maybe you get lucky like we just did to get a off on a road that seems to be moving for the moment. well, don't, don't expect to see the same thing on your labor day travels. neil. neil: all right, jeff thank you very much. i always a get nervous when jeff is turning to the camera, look at the road. 10 and 2 position. all right, we've got lee -- with
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us right now, looking for safe ways to travel when your flight is suddenly canceled or delayed or you're stuck the at the airport without a cinnabon. lee, how is it looking so far in. [laughter] >> if you're not at your destination, you're probably not going anywhere, so i hope everyone got to where they're going. yeah, it seems like every holiday the last year or two has been another record. everyone is getting out and flying and driving everywhere. cheaper this year as a you mentioned and, again, if you're not there yet, good luck. and i suggest kind of listening to what jeff just said. leave early on monday or even better, just wait until tuesday and just save yourself the hassle of sitting in traffic or dealing with airport madness. neil: i notice there have been i think thus far about a 800 flight cancellations and/or delays, and i'm told that's relatively tame. >> yeah. neil: do they just overbook and that happens? what -- because that's a big number to me at least. >> well, spread out across the
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entire country, it's actually not that significant compared to some other times and years and especially if there's, like, a weather event or something like that. it could be any variety of reasons. it could be staff shortages, it could be overbooking even though they've not supposed to do that -- they're not supposed today that anymore. they often don't tell you why they cancel or delay flights. it's kind of just the luck of the draw, but like i always say, take proactive measures to avoid stuff like that like leaving early, taking the first flights out. if it is delayed or canceled, that gives you the best chance of getting out that particular day. and if you have to change your flight or you get canceled, change it on the app so you don't have to wait in line at the airport and deal with all the craziness of angry workers and angry people changing their flights. neil: yeah. and workers, by the way, in the case of united, some of their mechanics and others are going on strike. how are you compensated in the event a plane is canceled
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because of something like that? >> well, they're supposed to give you a refund in that scenario. so you have to make sure that you get it and claim it. but, again, if you need to get out when the flight is canceled, you've got to proactively take measures to change your flight yourself because they're not just going to necessarily book you on another flight that's good for you. so if you're not going to go, then you definitely get your refund and sometimes they'll compensate you for some credit toward the airport or, you know, a hotel or whatever it might be depending on the scenario. but for worker strikes, that's kind of an iffy situation that you're not necessarily guaranteed some compensation for. neil: you know, lee, you called this before a lot of people did, that it would be a busy travel season. a lot of people were talking especially near the beginning of the year and going into last fall that we might go into a recession. never happened, but now some of the airlines -- not all of them, because you've got a mixed read on this, especially those who
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are sort of telegraphing how they think next year looks into the the spring travel season, how do you see it shaping up? >> honestly, i don't see it changing, you know? we keep saying it's going to die off or whatever, people are going to run out of money or, you know, inflation's going to kill travel; but it clearly is not. the demand is higher than ever. airplanes are full. there's just really no signs of it stopping especially as the u.s. dollar is good against major currencies like the yen and, you know, still doing well against the euro and still does well in smaller places like latin america and things like that. i really just don't see it changing that a drastically in the next year or two. i mean, you never know what happens with the stock the market or, you know, the election or who knows what happens with the economy, but at the same time for the immediate future, surely in the next 6-12 the months i don't really see it
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slowing down at all. neil: interesting. well, you were right last year. let me ask you quickly, i was looking at top holiday destinations during this period, seattle was on top. is that because it's a launching point for alaska cruises and the like or what? >> yeah. seattle's, like, really popular this time of year because the weather's beautiful before the winter coming and -- comes and it turns gray. seattle and vancouver just innovate of seattle are both -- north of seattle are launching points for alaska cruises. it doesn't get much more beautiful than that. i always say alaska's one of three most beautiful places in the world along with pat gone that and the city bet tan, like, himalayan area. it's just incredible. the cruises get grow to places you wouldn't easily get to via car, and traveling around alaska can be a bit of a pain, so a cruise is a great way to see it. seattle and vancouver both amazingly beautiful cities in the summer and early fall, great
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launching points. neil: that whole cruise through the inside passage, my god, doesn't get more beautiful than that. lee, have a safe weekend yourself, travel expert extraordinaire. no rest for the weary, joe biden wrapping up his vacation. more on that later. but when it comes to politicking, they are busy, and they are focused on seven states. you move heard of them. they're all called battleground statements. we focus on those -- states. we focus on those 7 and the 93 electoral votes at stake, more than a third of the electoral votes you need. and they are shifting. let's say the shift has hit the fan. i practiced9 that a number of times. when it comes to help, nobody assists like lowe's. linda asistencia. well, almost nobody.
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♪ ♪ neil: all right, i always wonder when we talk about the
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battleground states, there's seven of them, i wonder what the other 43 states say, hello, we're out here. anyway, there's a reason why there's a concentration there. they represent states like michigan and pennsylvania, georgia, north carolina. 93 electoral votes. you need 2700 to be president -- 2700, and most of them are tight as a tick right now. david spunt if has been following what former president trump has been doing and where he's been focused. >> reporter: neil, good morning. he had a busy day yesterday, two events, one in pennsylvania and the other here in washington d.c. the former president made news during a fox news interview before the pennsylvania rally when she said he would vote no on an amendment in his home state of florida which would allow abortion after six weeks. he said despite disagreeing with that overall time timetable, he'll ultimately vote against the the amendment and the measure because he says democrats allow abortions simply too late in the process. when asked about a federal abortion ban and if he'd sign it if he won re-election, welsh
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watch. well, watch. >> i'm not going to have to think about it because it's working out so well right now. the states are doing it. state -- it's a states' issue. it should have never been in the federal government. so i won't have to think about that. >> reporter: he went right from pennsylvania to washington, d.c. for a moms for liberty event. >> i'm for parental rights all the way. i don't even understand the concept of not being. when you see some of the things that they want people to do, these school boards, and they become dictatorships, and the parents are screaming for the life of their children, so you have to give the rights back to the parents. >> reporter: and on the courtroom front, donald trump's legal problems in d.c. are further delayed. late last night special counsel jack smith, the man you see right here, announced in a court filing he will leave it up to the federal judge when to schedule donald trump's trial for his alleged attempts to
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overturn the 2020 the election results. now, smith was supposed to take this to trial back in march of this year. that was delayed by the supreme court. now judge tonya with chutkan must decide what to do, if she'll even start to try a trial before the election. he's leaving it in her hands, but we'll know more on thursday. neil? neil: so if i understand correctly, it's more targeted, but that's about it. i mean, there aren't new or added features here. >> reporter: that's exactly right. the former president received a superseding indictment, you can think of it as a re-indictment earlier this week that we reported on. same four core charms, just the wording is a little bit different, a little bit shorter indictment. but the ultimate news here is that jack smith is not pushing forward at least in writing to try to move this to trial before the election. a lot of people thought he would, but it seems that he's realized the clock is running out before november 5th. ultimately, the judge can do
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whatever she wants to do, and she'll make that decision or at least hint on thursday. neil: length, got it, david, thank you very much. lucas tomlinson at the white house where we're getting news vice president kamala harris, not only is the campaign on, but her focus on a much better idea of where she is prioritizing. lucas. >> reporter: that's right, neil, good morning. one of the biggest issues she had to face in that interview was her apparent if about face when it comes to fracking. >> will you commit to implementing a federal ban on tracking -- fracking your first day in office, adding the united states to the list of countries who have banned this devastating practice? >> there's no question i'm in favor of banning fracking. >> do you still want to ban fracking? >> no, and i made that a clear on the debate stage in to 2020 that i would not ban fracking. as vice president i did not ban fracking. as president, i will not ban fracking. >> reporter: and last night former president donald trump, as we just heard from david, spoke to moms for liberty right
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here in the nation's capital. he brought up about face on fracking. >> she's called the greatest flip-flopper in history. she loves fracking now. she said there will never be fracking, we will never frack, frack, frack -- [laughter] and everything that she said would do, she's now doing it. there's, like, 12 or 14 things. there's never been anything like this. >> reporter: and in her cnn interview, kamala harris also faced questions about how she would handle the crisis on the southern border. >> i believe there should be consequence. we have laws that have to be followed and enforced. that address and deal with people who cross our border illegally, and there should be consequence. and let's be clear, in this race i'm the only person who has prosecuted transnational criminal organizations. >> reporter: brett stephens writing in "the new york times," said harris was vague to the point of vacuous. she saided the question of why it took the biden administration
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more than three years to gain better control of the border which it result ultimately did through an executive order that could have been in place earlier. vice president harris tweeting: donald trump is surrendering to his advisors who won't allow him to debate with a live microphone. the american people can't have confidence in him. we are running for president of the united states, let's debate in a transparent way with the microphones on the whole time, neil. and on labor if day, vice president harris will be back on the campaign trail campaigning in michigan and pittsburgh, and that's where she's going to be joined by president joe biden, of course, a pennsylvania native. neil: you know, she and, certainly, her boss, joe biden, were perfectly fine with the cut mic feature in joe biden's debate. so what changed? >> reporter: well, apparently the harris campaign saw what happened with donald trump and joe biden on that debate stage,
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they thought it was an advantage to donald trump, it and appears now the harris campaign wants to take away that advantage. they want the hot mic, mics on the whole time. they want that moment, you know, unscripted moment that they think would not be good for donald trump. neil: you know, you're a great student of political history as well, lucas, but it does make you wonder with that debate that the biden folks really forced and got everything they wanted down to a summary summer presidential debate, something we've never seen. and had they simply waited until september, joe biden would be the nominee, maybe we'd be seeing eventually a very bad debate like the one he had, but it'd be in september, and the race would be sort of locked between those two and not what it is now. what do you think? >> reporter: there's no question, neil, historians will be looking at this, students of history will be looking at this for decades, perhaps if even generations. that debate in june was the end of the biden campaign. neil: they have decades to look at it.
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i'm a lot older than you. i put down days right now, but i think what you're saying, lucas. always a good seeing you, my friend. lucas tomlinson. in the meantime, sean o'brien, the teamsters' general president, still has not given his bless on either candidate, but he sure hinted at something with me just this week. after this.
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>> i'm jacqui heinrich. covering the white house, everything moves so fast. but when you walk through the front gate, it's hard not to stop dead in your tracks and say, wow, i have a really great job. the white house has been hard pressed the -- this is a huge
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privilege, to be asking questions for the american people in a front row seat as we watch history unfold. ♪ neil all right. we're talking about history unfolding, it certainly is happening that way especially if a union president were to come out and and endorse the republican nominee. now, union members have for years overwhelmingly sometimes voted for the republican in both of ronald reagan's elections all the way up to when his vice president, george herbert walker bush, was running in 1988. that's essentially been the last time the there's been a rally around republicans because, by and large, union bosses are very big democrats. but sean o'brien of the teamsters says he's well aware of the reality among his membership before he makes a decision. take a look. >> we know for a fact 50% of our members are registered republicans. hello neil is that right? >> yeah. we know a lot of you are members
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vote -- our members vote based on a lot of social issues whether it's guns or anything else. and what we try and do is get the focus on who is going to be the best choice for workers. and often times, you know, people because of where they live and sometimes, you know, because of the great contracts they work under and the upper middle class life sometime that, you know, we negotiate for them -- lifestyle, you know, they actually identify republicans. but our message has been clear that we want to make sure we pick the best candidate for workers, you know? the social issue are important, we talk about them all the time, but the most important thing is picking the people. and not just in the presidential election, it's every single election that are going to to, you know, basically, work for us. i tell people and politicians all the time, i think you know, neil, i call balls and strikes. we need to be the people we elect's conscience. make them understand who they work for and how important we are. neil: if a majority of your members, it turns out, do not
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want to support camilla harris, would you then -- kamala harris, would you then throw your support behind donald trump? >> we haven't gotten that data yet. it is the very, very close, and that's a decision we're going to reconcile with rank and file members and, more importantly, the executive board. neil: would you being snubbed at the democratic convention weigh on you personally? >> it wasn't -- i mean, i don't take it personally. you know, look, like i stated before, many opportunities to speak about this, it's their loss. mean, you know, if they don't think they need the teamsters' union, it's an insult to the 1.3 million members that they actually work for. neil: any meetings scheduled with kamala harris? >> so we, the friday -- conveniently, the friday before the democratic convention, they reached out to our union, our folks and said that they're willing to meet, but as of today, we don't, have a date. neil: okay. >> and, you know, so maybe they don't need us. maybe they think they don't need
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us, maybe they don't want to talk to us. people have asked me the question over the last week, why don't you just endorse kamala harris? it's simple, i don't hire someone and then give them an interview. this is their interview to tell us what value they're going to bring to us, what support they're going to give to our issues, and we need to hear it. our rank and file members need to hear it, our general executive board needs to hear it. neil: only donald trump has been granted that interview and he with you -- >> well, that's not true. donald trump, rfk and every single candidate prior to the primaries -- neil: but of the two big surviving ones right now, right? >> yes. so far, yes, you're right, accurate. neil: okay. >> joe biden came as well. when joe biden was in the race, he came as well. president biden. neil: all right. joe biden not in the race anymore. again, it is unusual here and the delay in an announcement like this, sometimes happens after labor day but most times it's well before. the united autoworkers already
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embracing kamala harris only seconds after having done not the same with joe biden. we'll see where that goes. the hill reporter to weigh n phil wegmann of real clear politics white house reporter. alex, we still don't know for sure which way the teamsters are going regardless of how that final decision comes down. that alone should tell you something, shouldn't it? >> that's right. sean o'brien was keeping joe biden on his toes and is now keeping kamala harris as well. i think there's definitely both camps are trying to figure out how to just get this over with, get this endorsement out there. but i think sean o'brien's act tick of we're going to listen to the -- tactic of listening to the actual workers, this isn't big labor deciding, this is going to be workers making the decision for themselves. it was a different change than what we've seen at a lot of these other union shops. but i do think the harris campaign is trying to figure out a way to work a little bit harder, you know? they did reach out about a
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meeting. i think that a snub at the dnc wasn't great news for them, so if we see a meeting in the next month or so, that's an effort for them to actually make an appeal to sean o'brien and not just expect big labor to just rally behind democrats like others have because trying this different tactic. neil: we are so numbed by the chiefs and indians' argument with unions, phil, that the leadership almost always wants the democrat, but the rank and file usually are quite enthralled with the republican, in this -- that was the case with ronald reagan and george bush sr. and by sean o'brien's own admission, 50% of his members are republicans as things stand now. so how do you see this sorting out? >> well, i think that sean o'brien is exhibit a for republicans who are desperate for a realignment. these guys for a long time have wanted to be the party of blue collar, working class folks. and if they were able to win the teamsters over and get that endorsement, that would be a
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huge feather in the cap of vance and trump. what i found really interesting about your interview, neil, is not just the 50% number that he threw out there, but his note that it wasn't just economic issues. some of his members were also voting on social issues as well. so i'm curious to see who they actually end up endorsing, but beyond that i'm also curious if trump doesn't win in this election, is there going to be any other republican moving forward who could appeal to teamsters, who could appeal to the rank and file labor guys? because, you know, come 2028 i can't imagine a mitt romney type republican competing for this kind of endorsement. neil: yeah. and we wait and we wait. that alone tells us something. alex and phil, thank you both very much. meanwhile, we don't have to wait pretty much for a read on the markets in august. we had our last trading day of the month yesterday. regardless how you feel about one investment over another, let's say nvidia which had sort
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of a rocky end of the month performance, the fact of the matter is all the major averages were up and all buoyed by the notion that things are looking pretty good. the the political fallout from that, after this. here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine, like google, but it's r and doesn't spy on your searchs and duckduckgo lets you browsel but it blocks cookies and creepy ads that follow youa and other companies.
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neil: welcome back, everyone. well, the month of august is over as far as the markets are concerned and, you know, they did pretty well. and that's remarkable with all
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the a major averages up, with all the, you know, dinging we saw in nvidia's stock. really robust earnings and sales, but the market really punished it during the week they came out. yet the tech sector, you know, the magnificent seven, whatever you want to call them, they were all up in general minus nvidia, broad-based, you know, sort of recognition that the underlying nature of the markets, the broadening out that we see going on post the nvidia issue, with post that whole meltdown issue three mondays ago, that was then. what are we in for now? let's get the read from the stone, and chief market strategist, dan geltrude, bell trued and company founder. dan, ended with you, begin with you on what we're in for now. september is typically known as the most difficult of the market months, i believe on average it falls about .8%, has been doing that since world war ii. october is famous for some of
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the biggies, but september generally is the roughest. are you worried? >> well, of course i'm concerned, neil, because historically, as you said, there's always been issues. but listen, leading up to this election i think that we're up, we're in for a lot of rocky waters. there's so much uncertainty. and we also have to factor in what is the fed going to do. now, as far as whether they're going to lower rates, which everyone thinks that they're going to do, you know, that's baked in. but still i think that's going to help the markets because directionally that's where we're going. so although i think we'll have some rough days ahead, i do think that the market will climb perhaps mostly because of jerome powell. neil: all right. the fed chairman is expected with his buddies the 17th and 18th, katherine, to cut rates. i guess the only drama would be how much. a quarter point seems the
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consensus, but what do you think? >> i think he's going to go 25 the basis points to avoid the impact of extending high interest rates which have been at 5.25-5.50 for over a year, ultimately stifling the economy and leading to recession. but ultimately, the truth is that the corporate profits are at record highs, and or margins are still pretty juicy for corporations. so the a. i'm trade is taking -- a.i. trade is taking the s&p to new record highs, and i think the question is how much further can it go. and i think the market is going to be discerning between companies that are just throwing out the term a.i. as a buzzword and blanket gains across the boards versus companies that are actually innovating and actually bringing the goods in terms of practical, real world application of a.i. principles. neil: you know, guys, we're showing the latest inflationary numbers, a couple of favorite inflation stats the fed loves that shows it's contained and getting more contained, if i can
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put it that way. but one of the things that comes up, dan, is how much wiggle room really do they have. rates are very, very high here. they balance, you know, watching price pressures, but they don't want the economy to tank. so anything they do is seen through a political prism that donald trump says an action like that to cut rates would help the democrats and that's really what the fed is trying to do here. how do you see it? >> well, jerome powell has definitely opened himself up for some scrutiny given the timing of when he's plan being on lowering rates. planning on lowering rates. look, jerome powell has been late to the party, neil, over and over and over again. so why hasn't he done this earlier? why, you know, it looks strategic politically. i hope that's not the case, but he's put himself in that a position. look, he has really become the most influential person in the world related to finances.
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so, i mean, if we're going to go down the path of he's going to be lowering rates, trump may very well be right to make those accusations to say the timing is a little funny here. neil: yeah. you can't win. kathryn, on donald trump he has mentioned that he would like to weigh in -- i don't want to misquote him -- that a president should be able to weigh in on what the fed is doing. in other words, we have this independent fed but, of course, donald trump when he was president didn't mind mixing it up with the fed chairman, even showing his regrets that he had hired the guy in the first place for the job. what do you make of that, that the independence of the fed could be called into question? not with this decision, but with the pressure, let's say, potentially from a new trump administration? >> well, we've also heard it from elizabeth warren. neil: yes. >> she's also been expressive with regard to where she thinks that the fed should take rates. ultimately, it's a free country. we can say anything we want, the president can say anything we
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want. the question is, can does the fed feel the pressure to reabout to that, and up to this point my answer would be, no. i think the fed's done an job. they've definitely kept rates too long, for an extended -- too low for an extended period of time. so as a result, they took lates up -- rates up to where they need to be, i think it's time to start cutting, and i think it shows an independent fed is able to do that without even assuming that pressure from the government. so it's always going to be there. on the trump side, on the elizabeth warren side, we're always going to get political talk the from, with regard to where interest rates should be. the question is does the fed act on it, and i think we have a credible institution, and i think they're doing the best hinge for the economy getting inflation to a sustainable 2% average with full employment. neil: all right. we'll see how it all sorts out but, again, that meeting next month is probably going to be crucial and maybe have a lot more to decide not only where the market and economy goes, but where this election goes.
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thanks, very much. in the meantime, we had an old friends friend of ours d friend of ours back. at a super bowl time years ago with us and ever since we always love to get him back to see what's cooking now in his very successful business, and he recognizes how food prices have soared, and he's got some choices for you that are just as delicious because, well, yeah, guess who's back? ♪ guess who's back, back again? ♪ shady's back, tell a friend ♪ that's why we've got the labor day deals you need... to end one season and start the next. get great deals in-store or online today.
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neil: all right, want to show you something going on in washington right now, but we will be paying more attention to it, not much to piece together here, a capitol hill event for a march for kids getting underway. rallies there to present protect parental rights through legislation. but this occurs in the backdrop of a teacher crisis going on here. not a lot of teachers, period.
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lydia hu following that because students are returning to classes, but the folks teaching them, well, right now they're not. lydia. >> reporter: neil, most recent estimates from researchers with the university of missouri and the university of pittsburgh show the nation has 55,000 the teacher vacancies and another 27 the 0,000 -- 270,000 positions that are filled by someone unqualified. surveys of teachers show they are stressed, overwhelmed, and they say schools are understaffed. one out of every two teachers would not recommend the profession to a younger person. but down in texas there's hope. the superintendent of the -- independent school district says people do want to be teachers, but it's the cost of college that stands in the way. they're launching a new apprentice program with help from the department of labor. an apprentice there can get paid about $24,000 a year to be an
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assistant teacher, and the program will pay for the apprentice's bachelor's degree so they can go on to to become a certified teacher. >> i was astounded at how many people were truly interested. we had a night where we proposed the apprenticeship program, and 197 people came. >> with the apprentice program paying for my school, it means a lot to me because i don't really have that much money. so for me without the program, i wouldn't be here right now. >> reporter: the school district is taking on 48 apprentices this year, and they hope this model could be replicated across the country for a potential long-term solution. neil, back to you. neil: thank you for that, lydia. lydia hu. i don't know if my buddy and chef ron ever wanted to be a teacher -- teacher, but he certainly could be one when it comes to cooking food. i can boil hot dogs, i can do a
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pretty mean italian sausage, but the fact of the matter is a lot of those things have gone up in price. so rob came along and said i've got an idea for alternatives to all of that that are just as delicious and not nearly as costly. what a delicious idea. ♪ r-o-c-k in the usa a ♪ incoming dishes. —ahhh! —duck! dawn powerwash flies through 99% of grease and grime in half the time. yeah, it absorbs grease five times faster. even replaces multiple cleaning products. ooh, those suds got game. dawn powerwash. the better grease getter.
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muck everybody's working for the weekend. ♪ everybody wants a new -- neil everyone -- neil: everyone is working for the weekend. i hope your labor day weekend is going well. the two presidential candidates are working through the weekend as they try to sort of work those battleground states in if their favor: a couple of big
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issues not surprisingly border, but more importantly the economy right now. donald trump saying it's not what it was or what it could be. of course, kamala harris saying that she and joe biden have turned it around completely, and everything is hunky dory. a big known real estate developerring, licensed broker finds it not just coincidental both candidates have programs in place to incentivize you to buy a home, i think, i think in the case of donald trump to say by just returning to a big, booming jobs economy, that will make federal programs and the like unnecessary. kamala harris has incentives that if you're going to buy your first home, you get a $25,000 credit to do so and all of that. how does this sort out to you? who might be more beneficial to the housing industry, to homeownership? >> neil, great to be back on your show. let's talk about what kamala harris is promoting. it's basically a scam. there are bad ideas, really bad ideas and idiotic, superbad
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ideas. and what she's saying is she wants to give everybody $25,000 to help buy a home. so your viewers know this, but for people who don't understand, right now any given point in time let's say there's a million families shopping for homes in the united states. and about 4 million transactions a year. so a million families are shopping, and us suddenly now we're going to give $25,000 assistance to the possibility, to 10 million people who are on the sidelines. those 10 to million people now have $25,000 to buy a home. what does that do to the housing market? it's going to make the prices go even higher and become even less affordable. and affordability is the central issue, one of the central issues in this coming election. what kamala harris is basically saying is she's saying i'm going to give everybody $25,000 and that's going to help people, but it ends up having a negative effect. real estate prices go up further. the only people that win are the sellers. they're going to get higher
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prices. and real estate taxes go up. insurance goes up. rents have to go up to keep up with mortgage prices. so basically what she's doing is punishing everybody. everyone becomes worse off by this policy. hopefully, it never gets implemented. it's a horrible idea. donald trump has this idea of unlocking federal lands to get more development. that's a good idea. he wants to cut regulation, that's a good idea. but i will say this, the actual ability to increase housing is a state and local issue. it's not a federal issue. there's very little the federal government can do to really force states to create more housing units. and it's basically a political scam, what's being promoted right now. neil: but you could look at it the other way, that some national ideas do have reverberations on state and local building. for example, the $10,000 k57 -- cap on mortgage interest-related
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taxes. that does put a crimp on housing activity, that happened under donald trump's watch. i'm just wondering if neither candidate should be pushing anything and just sort of let the market decide. and you're quite right when it comes to the offering $25,000 credits and the like. we've learned through students -- loans that the better and generous they get, the higher and more offputting tuitions get. there is that. so how do you see this sorting out? >> well, one of the things that's really important, people don't raze but, unfortunately -- realize, but unfortunately, african-americans, less than 45% of them have homes. white americans, more than 60% of them have homes. the idea is we're going to give $25,000 to people the buy a home, and even if people use it, what you're doing is really in a way punishing poor people because you're rocking them -- locking them into mortgage payments and, yeah, heir going to build equity in their homes, but really if we were thinking about giving people $25,000, what we should say is, hey, poor
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people, here's $25,000 to put in the stock market because that's where in 50 years you're really going to build wealth. by forcing people to put all their savings in a house that they can't really afford, it really kind of -- neil: then there's the other minor -- i didn't mean to jump on you there, how we pay for all of that, but that's our next interview, my friend. you're quite right. you've raised a lot of issues that we haven't thought of on both sides. you just can't have the government to come in either through incentives or disincentives to get people into a home. we'll be following that a closely. in the meantime, the rising cost of food and a lot of people are just saying even on a big weekend of barbecues and the rest, they don't know what to cook. food for thought. go cheaper meats. they taste great. and not all of them taste just like chicken. ♪ ♪ there's a hole in the bottle, it's l all this wine.yo ♪ it'u s already empty --
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