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tv   Cavuto Coast to Coast  FOX Business  December 8, 2021 12:00pm-2:00pm EST

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bucks, thanks to netflix picking up coming knives out 2 and knives out 3. >> what are you going to do. stuart: we're in the wrong business. earlier i said mike rowe has a fantastic voice. he has agreed to sing his way out of this show, bearing in mind the gutted christmas tree. camera two is off. my message to the perpetrator goes like this. ♪ you're a mean one, mr. grinch. you are really a heel. you're cuddly as a cactus, charming as. mr. grinch you're a bad banana with agrees sy black peel. without any further adieu, ladies and gentlemen, the one and only neil cavuto. neil: he has a great voice. stuart: fantastic voice. neil: can he stay the next two hours? mike, i'm in awe.
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stuart, thank you. we'll get a sense where we go the corner of wall and broad. given run up last couple trading days, remarkable we're only down 66 points. nasdaq keeps humming. technology stocks, the death of them. they're storming back now three days running. we're keeping a eye on that. the back and forth seems to be optimism what we're hearing on the omicron front and the fact that there are treatments already out there that could go a long way alleviating this. you heard the drill what we're looking at here, the virus is very, very contagious, this variant, but right now not very, very dangerous so in balancing that out there are some reasons to look forward to some maybe more stablizing news on that front. we're also keeping a very, very close eye on other biotech players, some of the big names that have come out and announced they have some promising treatments in the works, to say nothing of those already out there from the likes of pfizer and blacks -- glaxosmithkline,
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we'll get to that in a lot more. we're focusing on developments in washington ad the president moving fast forward here to try to push the infrastructure plan. that is the one that got done and is done. he will tout its benefits in kansas city, missouri, the fight to get the far bigger spending package, build back better done soon. some pretty big aggressive goals on the part of the administration by the enof the year. peter doocy at the white house where things stand right now. hey, peter. reporter: neil, where things stand here are kind of different where things stand everywhere. if you have been out and about, listening to the coverage earlier today, crime is threatening big cities, you have russia threatening eastern europe, you have these covid variants even before we know how bad they are threatening peoples christmas plans potential but the president is still coming here to pitch his infrastructure package. it already passed but today he
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apparently wants to talk about that builds benefits for climate change. >> the investments will also hope, also help kansas city's ambitious zero emissions plan to reduce pollution and increase opportunity by providing free public transit. reporter: well, turns out that is not what a majority of americans want to hear. 57% polled by "the wall street journal" disapprove the president right now and only 27% believe the country is headed in the right direction. the president biden believes the right direction is multat this trillion dollar spending plan. democratic leadership call it build back better, but some democratic lawmakers don't think their own leaders are being honest how much the plan will cost. >> they not intend for those programs to last the full 10 years. well if, intend for that to happen what is the real cost? we're either going to debt finance it we'll not pay for it or come back to change the tax code again to get the revenue.
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something has got to happen. reporter: this is the first one of these out of town road trips to promote infrastructure that president biden has taken to a state that trump won. missouri went for trump easily. so the president has talked apparently to democrats already supporting him today. branching out. neil? neil: all right. peter, thank you very much, for that, peter. assume with the president in kansas city, missouri. i want to go to ethan berman, political commentator, fox news political analyst, jenna caldwell with us, out loud with jenna caldwell podcast host. they're both cottage industries. i did pick apart the poll, i looked at it, what struck me whatever the president's popularity issues, when it comes to his two biggest initiatives, the one that passed infrastructure measure and the build back better plan, among
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undecided voters, that, that was deemed to be a one two good punch. in other words they looked it. i wonder what that could mean. we're focused on the negative numbers at the president, we should be, they don't look promise, but when it comes to his signature moves, i hopes to make the build back better signature move, there seems to be more support for that than republicans would have you believe. what do you make of that? >> there is support for certain things in it, like expanding the child tax credit, you can understand that. that has been a popular initiative across the administration vote, democrat and republican for years. we understand that that is quite all right. but i got to tell you neil, these numbers are not just horrific in america. the sentiment that many feel in other places around the world that joe biden stinks in a way. i will tell you what. i'm in london right now. i meet many people here the first thing they ask me how is it that you have a president that is such an idiot.
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i'm shocked to hear these kind of things from people don't live in america but they do. when you look deeper into the number when you comes to the polling, his re-election bid, if he were to choose if he runs looks dismal as well. 22% of americans support for him running for election. even worse for kamala harris at 12%. we understand why that is. we have hyperinflation going on. we know that means everything costs 50% more. we saw a botched withdrawal out of afghanistan. we've seen our brothers and sisters from haiti, is a thousand of -- 15,000 of them sifting under a bridge, sent back to their country. meanwhile their president was assassinated. natural disaster. 1.5 million people from latin america, latin countries, in europe they get to stay, black folks have to get out of town. if i'm judging this administration people judged trump administration republican administrations before would be a racist administration. all the things going wrong.
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60% plus individuals believe we're own the wrong track. these numbers are horrible. neil: be careful, gianna, you're young enough to be my son. i would say that be careful putting a stamp on this. at this point ronald reagan looked kind of dicey about getting reelected right? we've got to be careful interpreting that. but you raise some good points. the only thing i'm amazed at gianna, in london, best you can do was the steal -- stale background. that's okay, you're a busy guy. ethan, i want to ask something, what is interesting in the survey people might collectively have a dim view where they're headed, when it comes to their own finances, how they think they are doing, they're rather optimistic, i don't know how that comes together finally when we sort it out and they go to the voting booth a year from now, 11 months from now. what do you think? >> well, a number of things.
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first off what happens in the person's pocketbook is what matters. you will quote giano caldwell from what he said on this show on september 14th. polls don't vote. people do. >> people do. >> what will really matter what happens between now and election day next year. so, for example, if we only listen to peter doocy and giano caldwell, that is half the story. with the bigger half of the story almost 6 million new jobs since president biden took office. unemployment is back down to 4.2%. we have the markets that are up substantially more than they were in president trump's first -- neil: why do you think that is resonating. it might in time but it is not now? >> i think the number, you have two core issues why it is not resonating as well as it should. one to gianno's point, inflation which has little to nothing to do with president trump. we have a global supply chain crunch directly affecting the
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chinese economy where is the source of so much -- neil: people don't really care about the reason, right? they take it out on the white house. >> that is exactly right. but the second part is if i all i hear is negative news which is what even the ap did with this latest jobs report, under president trump they called 200,000 new jobs robust but under president biden they called 210,000 new jobs in a month weak. neil: well that is because of what we were expecting and the overall numbers. i see where you're coming from. but gianno, let me ask you this, one thing ethan races, numbers change and probably will but i'm reminded in a time when we look at this economy obviously these inflationary pressures remain this way well into next year, there could be problems for democrats in general but they're clinging to the notion that this package, this build back better program will actually reduce that. now that is in the eye of the beholder of course but if it
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turns out that republicans are getting ahead of their skis here, it wouldn't be the first time a party leading in the polls has botched it. so your warning to republicans would be what, gianno? >> certainly we have to go out to work for every vote. there is no question about that. we can't just talk about how bad joe biden is, we have to talk about our how great our proposals and plans certainly. i want to go back to some. things joe biden and his at administration has done, how the press and many folks in the democratic party used it. because they would have said same thing happened under trump he was a racist as they did many times before. i want to clear that up. let me respond to my friend ethan real quick. you mentioned 6 million jobs. these are jobs coming back, not new jobs. we can't use numbers and pretend he is doing some great job to stimulate the economy that not the case. talk about the unemployment numbers. sure, the unemployment numbers
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have gone down. you know what? that is the expense of african-americans. after can americans are doing worse off under joe biden's administration than they ever did under trump. i don't think that is anything for any of us to be celebrating. joe biden claimed he would be a leader with civil discourse, he would work with both parties. we're not necessarily seeing that. we're not seeing him listen to his advisors, not to mention the vice president, where is she? she is is missing in action -- neil: i will put you down as a maybe on joe biden but, ethan, i do want to get your sense of how the party seems to be fretting over the president's poll numbers and even concerned that he is showing his age and these are areas that are sort of, non-defining, but they're on people's minds, whether he is up to the task. how do you think he addresses that? >> well a couple things, first off, regarding poll numbers it is really too far out for anybody to be seriously fretting
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but it's a great reminder actually gianno and i share for our each respective side, we have to go out to work to get the voters. we have to register voters in places like texas. beto o'rourke has a huge effort under powered by people that has been registering hundreds of thousands of new democratic voters in the state of texas. so it matters what we do on the ground. stacy abrams proved that in georgia. she will prove then again in the gubernatorial race there. getting people to the polls despite republican attempts to gerrymander -- neil: each side does that, right? >> what is that, neil? neil: you got to get voters jazzed on either side, both sides to get them to the polls. democrats don't appear jazzed right now, right? >> i don't know if i agree with that. there are plenty of democrats who are jazzed but always reminder this poll is a great reminder we have to get out and get the message to the individual voters and get them
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to the polls to vote. neil: guys, wish we had more time. blessedly we do not, blessedly we do not. very good arguing your positions, guys. i want to thank you both, gianno, next time you come back, you're in london, i want to see the london tower, bridge, whatever, something but thanks, guys, very, very much. want to go to mitch roschelle, macro advisors founding partner. you were hearing these guys, the poll has everything to do with concerns about inflation and taking it out on the administration. wouldn't be the first poll to indicate something like that turns south or north on prices. inflation is a relatively new phenomenon for a whole generation of americans who don't remember the '70s and i'm just wondering if it sits, stays around the high-priced levels, that will have an impact, won't it? >> 100%, neil. it is a kitchen table issue and you're right for many voters
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haven't experienced it in their lifetime and they don't know what to make of it, the administration response to it, and administration's look at it. it took the fed chair, treasury secretary months to try to get away from their insistence that it was transitory. so i think and jen psaki on the podium continues to downplay it as if it is not really an issue and ron klain says it's a high-class problem. until the administration takes ownership of it, acknowledges it, neil, you and i are old enough to remember gerald ford had buttons win, whip inflation now, it may be goofy but the administration was acknowledging the problem. the reason voters are polling the way we are, because the administration is acknowledging it is not a problem. neil: real quickly, mitch, i know the producers will kill me,
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that the fact that most companies will give generous pay raises next year according to the conference board but the problem with that the more the salaries go up, the it feeds on itself, so play out next year for me. >> i think the vicious cycle in the service economy of wages going up, arguably not going up as fast as inflation, becoming the fuel in addition to gasoline and energy prices that is driving up prices, i think we're going to see more and more companies having no choice but to pass those along and no choice but to continue to pay wages higher to get employees. i think that is a vicious cycle that will continue well into 22. neil: mitch, i want to thank you very, very much, my friend. for those of you wonder what happened to our christmas tree in fox plaza, of course it was burnt to the ground. man you see rebuilding to make sure it comes back, and shining bright and tall as ever, after
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♪ i'm watching it fall ♪ watch the full story at www.xfinity.com/sing2 neil: close to home, reverberating far from home. rarely i see a story concerned what happened to fox, our christmas tree burned to the ground yesterday, last night, then the interest from those who love or hate box, this is one
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step too far, something must be done. rebuilding goes on. our ceo suzanne scott saying that a new tree will be out there soon enough. let's get the latest from eric shawn on all of this. hey, eric. reporter: hi, neil. well that suspect who police say is homeless man with three prior arrests is now charged with torching the all-american christmas tree that was behind me. it is right here on fox square of course, right in front of the headquarters of the fox business network around the fox news channel. as you said it happened last night just after midnight. our security saw that the tree suddenly went up in flames. police arrested a man from brooklyn, described as craig tomana. 49 years old, charged with rec letters endingman meant, trespass among other counts. he has a record of public intoxication. they are trying to figure out a motive. they do not believe it was
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premeditated. dermot shea the commissioner said it is a failure of the city's justice system. >> the individual is known to us. he has a series of low level arrests and drug arrests. he was issued some earlier this year appearance tickets didn't come back to court which is fortunately something we see all too often. reporter: the 50-foot tall tree on fox square was just dedicated on sunday. it is really beautiful. it had 10,000 glass ornaments and 100,000 lights. in a statement fox news mt. suzanne scott said this quote, we will not let this deliberate and brazen act of cowardice tee ture us. we're in the process of installing a new tree, with the message there can be peace, light and joy even during a dark moment like this. you can see behind me the workmen are doing just that.
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i'm told the new tree will be up and lit at a special ceremony tomorrow. there will be carolers and hot chocolate truck. they invited the firefighters that put out the fire last night. this is not the only incident like this. a tree in jack london square in oakland, downtown oakland, was set on fire. a tree in public park in chicago has been set on fire three times. we look forward to a new tree, a new ceremony tomorrow night. neil: do as myself. i'm amazed number of people commenting, whether you like fox or not, that is a bridge too far. they're right, no matter where you stan politically. meantime following increasing acts of violence or crime period, around the country, but the mayor of chicago had entirely different take on it. take a look. >> resellers downtown and michigan avenue, i'm telling you i'm disappointing they're not
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doing more to take safety around make eight priority. for example, we still have retailers that won't institute plans like, having security officers in their stores, making sure that they have got cameras that are actually operational. >> does the president believe organized retail theft is really happening and should it be on the stores themselves to take actions to prevent isn't. >> well, we don't agree and i think our actions and the work that we have had in working with the justice department, the fbi and federal law enforcement show that we take, we have seen some of these extremely disturbing videos, showing retail theft and both major retailers and as well as state and local leaders like governor newsom identified this as a serious concern. neil: even the white house had to say, that is a bit rich for a mayor to then blame the retail establishments that are getting you know ransacked for getting ransacked. ben joseph join us, national coalition for law enforcement
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and retail president. ben, when the president is departing from a fellow democrat on this, she went a little too far blaming all of this on the retailers who are getting ransacked. >> yeah, i'm not quite sure, neil, what the congresswoman was referring to there. retailers invest millions of dollars and are constantly reviewing their physical security and upgrading this, especially this holiday season in eaction to some of this violent smash-and-grab robberies, with new technology, new training. we're employing physical security, including security guards. police increased their presence throughout retail communities across the country. so a lot is being done to try to keep our stores safe and our customers safe this season. so i'm not quite sure where, where that is originating from. neil: i think the mayor of chicago, just being went a little too far on that one but she is dealing with a crime rate
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rampant in chicago as are other big city mayors addressing this. we're getting a sense in new york, that eric adams, a 20 year veteran of the police department might offer a different future for new yorkers. but it probably couldn't come a moment too soon. when you talk to a lot of people worried about returning to in-office work, it isn't covid that gives them pause by crime. >> right. and, that was a very impactful map there, it is right, neil. it is a 50-state problem. it is not just concentrated to inner-city markets. there is organized retail crime in every neighborhood across the country. it is a 68 billion-dollar enterprise. retailers lose that amount to organized retail crime. there was a event reported at a retailer every three minutes. half of those involve the threat of violence or violence. it's a growing problem. it's a 50-state problem. we're counting on the criminal
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justice system to have the retailer's back on this. neil: do you think in california where this really took off it had to do with the fact that if you stole under $2,000 worth of goods they weren't going to do anything? that just emboldened criminals to do what they're doing? >> yeah. yeah, there is no doubt about it, neil. decriminalization, bail reform, they're all contributing to the problem. the problem has been growing since really 2017. it is a a little closer linked to expansion of online marketplaces than to criminalization. however, criminalization plays a major factor but when you look at these smash-and-grab violent events going on across the country, right, where people are ransacking stores, taking, doing store takeovers, using burglary tools come compromise protection, those are felonies and conspiracy to commit crimes are felonies for the syndicates
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behind it. what we're seeing play out shouldn't be contemplated unprop 47. but it is growing and disturbing how much violence is spilling over to retail crime and retail. neil: let's hope it ends real soon. ben, thank you very much. >> thank you, neil. neil: have a good christmas, my friend. you would think amazon web service was have web problems it would affect amazon or amazon web services but when you realize so many use those services, no surprise, netflix, delta, disney plus, roku, spotify, all go down all at the same time. are we too dependent on too few, after this? ♪. ♪ ♪ no two dreams are the same.
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neil: usually think of amazon, buying things online but amazon web services is a huge business providing you know, cloud services to scores of companies and when a key hub went down yesterday, all of those company's sites went down. grady trimble in kenosha, wisconsin on the fallout what happened a day later. reporter: hey, neil. amazon is not telling us exactly what went wrong but things seem to be up and running on aws today. a whole host of companies were impacted by aws outage, including so many services like the ring doorbell people rely on for home security, alexa voice assistant and of course their delivery operations as well. amazon didn't answer our questions about the extent of the impact to those delivery operations. so a lot of this is anecdotal but we heard reports of delivery
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drivers not being able to access the app that tells them where to drop off packages. we heard some robots inside of the fulfillment centers that help sort packages those are on the cloud and many of them were down. we hear a lot of people's packages were delayed because of that outage. at the peek of this out ofage, more than 11,300 issues were reported on the website down detore and it is not just amazon impacted. disney plus, netflix, venmo, ticketmaster, roomba, the electronic vacuums that drive around your house, those were down for some time yesterday. they rely on aws. so i guess people had a messy homes short time yesterday because of this outage. that aside, what this underscores the reliance on aws and this one company that by some estimates has 1/3 of the
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cloud computing service market share. so many companies all relying on one service t goes down, it impacts people all across the country. that is certainly something people pay attention to now, the power we give to the big tech companies. then when there is an outage, we realize, we really do need them and maybe we should be spreading ourselves a little bit out in terms of where we're giving all of this power to. neil: you're exactly right. great report, way to put it in perspective reliant on too few players. this i want to take up with my next guest, being director of internet analysis. good to have you. i was reading your comments outlining a lot of this. i'm wondering if we're in for more of this because as memory serves me here we had a similar sort of outage that affected a lot of players back in july. before that, back? june. again and again it happens, people hear about it, they say oh, here we go again.
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we're almost resigned to it, aren't we? >> well, this is the, is a product of the success of cloud computing service industry. a decade ago companies might have a data center in their basement or something where there is a bunch of servers being run. now those things have been moved into the cloud. it is far more cost effective to do so, so much so that a business these days, its, it's rare they can operate without using cloud services. neil: i always worry when everything is up there in the cloud, doug, excuse my ignorance here because you know the actual technology, we take it for granted everything up there is safe and you can't get access to it but when it goes down a lot, it is a reminder it isn't bulletproof. so where are we going with this whole cloud technology? >> we are kind of putting our eggs in just a few baskets. neil: yeah. how did it end up that way?
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how are we ending up with so few people -- >> it's a product of the success. so amazon was the first to really bring this kind of technology, this product mainstream and has held a lead in the market share. very, very popular service. they have competitors. and then there is a way they offer to try to insulate against outages like this. for example, so this was one region. -- one went down yesterday. they operate multiple regions within the u.s., around the world. if you happen to have your stuff in two regions then maybe you would have survived this. now you have it set up. that is easier said than done because there is a cost, an expenditure outlay as well as cost to engineering staff to set that up. but given how successful this is, you know, we now have a lot
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of our, our economy reliant on handful of cloud providers and they do take enormous amount of steps to try to insure resiliency but it is, it is really hard to completely remove the possibility of an outage. neil: so an outage is one thing but getting your own data compromised is quite another. the two happening in concert would i imagine be a double-whammy. what do you think of just the safety of information, material -- >> yeah. in this case i think we're talking about more of an outage of lack of availability. i don't know that any data was, there was a breach or data was compromised. at least, that did not take place. most of these outages you mentioned, we can add facebook, major facebook outage of october into that as well was a lack of availability due to, you've got, these services are very complex
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and to manage them you have to have software automating them. if there is any bug in that automation software or there is some sort of glitch then it is responsible for the care and feeding of a lot of services. to take those downs takes a lot of things down. if anybody has businesses running out of them, then you have, they're going to have a bad day. neil: yeah. put it mildly. doug, thank you very much. following these developments. meantime the president is having a devil of a time getting that private company vaccine mandate in effect but he is having even tougher time applying it to federal contract workers after this. ♪.
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you get a different kind of bank. truist. born to care. neil: all right. the president has been having a tough time getting any mandate through stopped by a number of judges, even when it comes to federal worker mandates, federal contractor mandates. enter governor greg giantforte of the beautiful state of montana. he has been moving very aggressively to deal with this sort of thing at the same time protect and get health care workers in his state without any such mandates in effect that i know of. governor, very good to have you. >> neil, good to be with you and merry christmas. neil: to you as well, governor. tell me a little bit about how things are looking in your state without these outright mandates. >> well, we're seeing continued decline in infections and hospitalizations. we're coming through this but i want to say montana was the first state in the country to
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ban discrimination based on vaccine status. we did that in statute. so i want to be clear, i got vaccinated. i encourage montanans to talk to their doctor, protect themself with vaccination but nobody should have to lose their job because of a decision they make. that is why we made it illegal here in montana. that is in stark contrast to what we see coming out of the biden administration. neil: all right. you obviously extended this, health care workers should not be ordered to get this, but do you think at any level they should be vaccinated? you say of course you've been vaccinated yourself and that it is a good idea to be vaccinated than not, and you won't force the issue, i get that, but should there be a carveout for healthcare workers since they're on the front line caring for us that they in fact should be vaccinated? >> i think health care workers can make the best decision for themselves. this is a matter of individual
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liberty and they shouldn't be subject to these mandates. i have been very clear, i got vaccinated. i know health care workers, they know no one cares more about their health than they do. they should make this decision and that is what we put in law in montana. we've seen courts now side with us. we sued the biden administration. we've seen courts standing with us. they stayed the cns mandate. they stayed the federal worker mandate. they stayed the overreach from osha. we'll let the courts sort that out but in montana we'll create a sanctuary for freedom and the free market. we're doing that in a health care place. unfortunately health care workers are losing their jobs because of discrimination around the country. that is why we put an incentive in place for people that love freedom, they want to practice medicine, they can come to montana. we're offering up to $12,500 in
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relocation expenses for people that want to enjoy our great way of life and even now, you know the snow is falling on the hills, the slopes are getting ready to open and we're enjoying our way of life here in montana. neil: i don't ski but i love the lodges in montana, i could just live with that but let me ask you a little bit about the reaction you've been getting to this offer to come to montana and you know, park yourself here. how many have responded? >> well, we kicked off a program, one of the first things i did when i got into office back in january, we initiated a come home montana campaign. unfortunately we've been exporting montanans for decades. we know where they live. using social media we're targeting people that graduated from montana high schools and colleges, moms, grandmoms and
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granddads, we want our kids back. we launched a social media direct mail campaign. the website is come home montana.com. it is one of the silver linings in the pandemic. people realize they don't have to be trapped in concrete jungles. they can live in a place where we know our neighbors and don't have to lock our doors and, can just enjoy the american dream. neil: you have a beautiful state, governor. thank you very, very much. governor greg giantforte, the governor of beautiful state of montana. all right, we have a lot more coming up here, including the president of the united states at least hinting what he was saying to vladmir putin yesterday. apparently utilizing u.s. soldiers in the ukraine area, that is not on the table but then again what is and is china someone we should be worrying about as well here? are they in concert with russia, after this. ♪.
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♪. >> meeting with putin i was very straightforward. there was no minced words. it was polite but i made it very
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clear, in if fact he invades ukraine there will be severe consequences. severe consequences. economic consequences like he has ever seen or ever has been seen will be imposed. he knows his immediate response was he understood that. neil: all right the president on his way to kansas city, missouri, where he will tout the benefits of that infrastructure package passed a little more than a month 1/2 ago. getting queried exactly what came of that long conversation he had with his counterpart in russia, vladmir putin. you might notice from this picture he was flanked by some of his top foreign policy advisors. what is interesting if you look at a similar picture of vladmir putin, all by himself that is the difference when you're running a country own your own by caveat. he doesn't have anyone else around the table. this is the 5th u.s. president with whom he has been dealing right now. so again, this idea of what we
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have now threatened the former russian, or russia with on action that could mimic what we did in the ukraine back in 2014, threatening to invade and finally invading and hoping this administration, if it were to plan such an attack would respond the same way the obama administration has and just implement sanctions and the like but nothing more. the president later ruled out the notion of bringing military personnel, american military personnel to the region as some republicans had been arguing including senator wicker with whom i was chatting yesterday, said it wouldn't be a bad requested to have such a troop presence there and even join the fight. very few agree with the republican senator on that but republicans are already blasting what came up of this talk even though they don't know for sure exactly what was included in this talk. we have a lot more on it including an update on how the dow jones industrials and other major market averages are
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faring. far more focus on something called omicron than something having to do with the ukraine. stay with us. ♪. ♪ limu emu... & doug ♪ ♪ superpowers from a spider bite? i could use some help showing the world how liberty mutual customizes their car insurance so they only pay for what they need. (gasps) ♪ did it work? only pay for what you need ♪ liberty. liberty. liberty. liberty. ♪ spider-man no way home in theaters december 17th (vo) t-mobile for business helps small business owners prosper during their most important time of year.
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the bullet, maybe days in advance, let's get the latest from chad pergram on capitol hill with where we stand right now. >> good afternoon, there appears to be a path for democrats to provide the votes to lift the debt ceiling next week. that came after senate minority leader mitch mcconnell pledged his side we get out of the way. gop members will not vote to raise the debt ceiling itself
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but they will vote to end the filibuster, some gop members believe mcconnell is helping the democrats. >> what to use say when you drew the two red lines indirectly to raise the debt ceiling. >> the redline is intact, there's all these differences of opinion among republicans about how to handle the debt ceiling. >> some gop leaders are reluctant to criticize mcconnell, they blame democrats for not negotiating a settlement. >> mitch mcconnell the leverage even the republicans are not going to cast the vote to lift the debt ceiling they will do in a procedural fashion. >> the real problem, democrats from joe biden to nancy pelosi to chuck schumer have not sat down with republicans to have the same kind of agreement on how to limit spending. >> it's getting trickier presented democrats to approve the social spending bill by christmas. joe manchin is skeptical but extra spending and inflation.
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>> they are saying it is going to be no problem, the 17 nobel was wrong. if we get any one of those wrong, we are in trouble. >> democrats are still waiting for information as to what the parliamentarian on tax policy and immigration. neil: your a lot closer than i am, every time i hear manchin, he sounds so much like a no vote, as things stand now or at least cool it or let's not rush this right now. i cannot see that changing unless i'm not reading it correctly. >> you said the right thing, right now. as the stands right now, the bill is not quite finished they hope to have final legislative text in the next couple of days. this is also classic joe manchin where he throws some things out there, kind of indicates may be important, maybe i'm against it
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and you get something at the very end that makes it palatable to him and works for west virginia. this was happened in march with the covid bill and then they pass it, can they do that by christmas and house speaker nancy pelosi, i tried to pin her down this morning as to whether or not they would keep the house over christmas or if they did move it before christmas, how long would the leadtime be, she was very reluctant to say this would take past christmas but a lot of people think that will bleed into the new year in the house of representatives. neil: even if they were to satisfy manchin and kyrsten sinema and they vote for this. i would imagine it would be changed enough to go back to the house for them to reconcile substantial differences. play that out for me. >> that is precisely what i was asking nancy pelosi. this will be a different bill even if you have sinema and manchin on board because you have to have the special budget
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rules and senate. let's see it gets watered down, can the more liberal house, the progressives except what was changed in the senate, do they do that quickly. there's an idea that they want to move this as fast as they possibly can or does that take a while to massage it. that's what i'm trying to ask pelosi about. in her heart of hearts she knows it's going to take time. keep in mind it took three months after the senate passed the original version of obamacare on christmas eve 2009 until they finally passed everything back to the house in late march of the next year. neil: that is very interesting, thank you very much. chad pergram on capitol hill. if any of this is jarring the markets, it is safe to say that is not happening. it is also safe to say this is not other minds right now whether build back better happen sooner or later or at all. far more focused i would think with the omicron front in the
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notion that the virus. , there might be treatments out there already because the dow losses considering the fact that were up 700 points over the last couple days the s&p and nasdaq are continuing to base ahead. scott martin on why that might be. what are the markets telling us, do you think? >> they are telling us that we need to chill out. with respect to how chairman powell is going to come back for another term, they are going to be tapering and interest-rate hikes are probably on their way sometime next year. earnings have been relatively good in the s&p five as well as the nasdaq and the fact that relative evaluation levels for the s&p and nasdaq are high. the not too lofty. with respect to how the markets are performing they get a little bit nervous about the omicron. and settle down, this is typical for december were probably expecting a nice rally into the end of the year. neil: with three weeks or so to
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go, i'm just wondering will omicron be the catalyst for stocks going one way or another the better it looks were less severe the better for stocks or new worries and restraints come out for god for bid another variant. how do you play it for the next few weeks. >> most likely that is the case, as we learn from omicron and delta and some of the other. set a bit out there or talked about. the markets impact on the market has been less and less. we only had a salad for a couple of days in the market bounced again. i would take this as an opportunity or these variance as an opportunity to add to positions that you marry have on or take some time off as far as take time away from the markets getting into cash and wait for things to bounce back. every time the variate numbers were data has come out and it looks better and better for the markets to go up. neil: i was noticing to maintain
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these levels, this a be the third strong double-digit advance in the market in a row, normally after that the market catch a break and all of a sudden on the fall back to tamer if it advances at all. usually after three years in a row to low single-digit gains. what you envision? >> next year will be a little bit of a challenging year we have the midterm elections coming out is the fact that we have tax hikes possibly down the road. i will tell you one thing that has been good for the market and the federal reserve and from d.c., with respect how the markets have performed probably not quite as good as far as price, as far as markets are performed and line of the stimulus and the fact that we are going to be a little bit tighter on the dollars from d.c. next year were looking at a
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pullback in the s&p 500 and the nasdaq as we start the year. neil: we try not to play politics with data, numbers and markets and we follow the money. the fact of the matter is the market has been advancing because of the strong earnings and the strong economy and they encourage such short supply that the paying top dollar to get used cars. the strong supply and demand equation is well before continued robust economy. i just think of the inflation back and forth we lose sight of the fact, the underlying economy is quite good. what do you think? >> it isn't bad we are delivering this and is stressful for folks trying to buy those invokes trained to sell them. to your point about how that affects economic growth in the stock market of goods and
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services out there in a pent-up demand type of situation entered up their hands and said will come back in january or february and try to get the good or service. with respect to how the market economy performed going forward you will actually have a buildup as far as expectation for the folks to come back to see the market and buy some things because they've given up on trying to get things before the end of the year. neil: we will watch it closely. great catching up with you. i thought we were going to be chatting again, have a merry christmas. fox news contributor. some omicron news we were talking about sounded so promising including beginning to get a handle on this. , it is certainly very contagious but less dangerous. pfizer comes along and said a third shot of the booster will protect their talking about the
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antibody treatment that could work in the omicron mutation for lack of a better term. i'm going way beyond but i know nothing about these things, i know my next guest does the former acting cdc director. doctor always good to have you. so far, so good on how were looking omicron. obviously it spreads fast and throughout the world and i don't minimize that. so far where it originated in the african continent very few serious cases. what are we to make about. >> i think were seeing a number of good signs and signals. this is what you like to see with global response. you like to see if a country identifies a new strain or variant that they share the information quickly in the world takes notice and does the
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science and studies to figure out if there is something that could be very dangerous or not. a lot of the questions have not yet been finally answered. some of the news is encouraging. other discouraging side it does seem to transmit very, very easily. on the encouraging side the report from pfizer that a third dose gives you a higher level of a nobodies and that could provide additional protection, that is good. i look forward to see the data, the studies themselves. the other piece of that, until the studies are getting communities we may be able to see the other parts of the immune system. our immune system is incredible. in addition to antibodies and what they do to kill viruses and protect our bodies from infection. we have something called cellular immunity, b cells and t cells. it may be the reason were not seen a lot of severe disease
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around the world. the b cell mp cell remains robust and intact for omicron. even if you see mild cases they're not taking over and then not causing the same detrimental impact on the body. hopefully order the next week or two will get the answers to the questions but the initial signals are very encouraging. neil: let me ask you this and you and also my idiotic questions before. you've heard a lot of talk on this. it affects more people or in other words it contains very quickly. this could no weird way buildup herd immunity and more people will have it and find a way to shield against it. what do you make of that? >> i think there is truth to that if in fact the omicron strain transmits easier then delta and becomes a dominant.
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and if it's a milder type of infection. that innocence could be a good thing, you would see this presidency people getting infected with something that doesn't cause a severe disease. some of those questions have to be answered. that could be a good thing. hopefully people who have already had infection with covid people have been vaccinated will have some level of protection omicron, we see that with other types of infections or something related will give you some level of protection and hopefully that will be the case. neil: very, very quickly, a lot of people have not been vaccinated and have e-mailed me and conveyed to me, were they cannot repeat but what they do say, this is the reason i am not to get vaccinated because no matter how many times you have and still come down with it, you can still be vulnerable to the variant. i'll take my chances the nokia vaccinated. what you tell them? >> what i tell them more than a thousand people died every day in america from covid.
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the vast majority of those people are not vaccinated. what i say to people who are vaccinated, reach out to the people that you love, your friends and family members and encourage them to get vaccinated. we could not accept losing that number of people in our communities every single day. neil: pfizer ceo said that covid could be under control by mid next year, do you agree with that? >> i given up on prognostic, i been so done with this virus for so long in the virus that is not done with us. that would be a wonderful thing if it turned out to be true. the more people to get vaccinated the more dream and vision could become a reality but until we vaccinate the world and thankfully the u.s. is stepping up to do more, and tell the world's vaccinated new variance can arise everywhere
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and set us back in a major way. it's a great thing to aspire to but we need to do a much better job at global vaccination. neil: great to see you, the former acting cdc director. many of you have commented when doctor beth or a host of others talk about the number of people dying in the country from covid, it is around 1000 to 1100 today. a lot of you question the methods coming from the national institute of health, the cdc and other medical facilities that is a hard number, the market is down significantly but these are not made up numbers we are still looking at 365,000 dying a year as a result of this, thousand today we don't make these numbers up. in the meantime i want to let you know of higher utility prices going on and what some people are saying is a new energy crisis. it's falling out in weird ways including new jersey amusement
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park jeff flock tells us it is serious. >> i come to you from the most odd christmas light show in america. it may be dimmer and may cost you a few more dollars. back in a moment to tell you exactly why. ♪ as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com
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powering possibilities. neil: is inflation about to take a toll on christmas, not canceling the precious holiday but maybe the holiday celebrations were finding out the risk of doing so jeff flock, what is going on. >> you would love this place, maybe you wouldn't but i love this purse, eagerly and, the only construction themed amusement park. we're surrounded by bulldozers and fraud in loaders and steamroller's, you can come here and run it. you can't do it right now is closed for the winter. they light up all of the equipment for light show and is in a beautiful. we even have pictures of what it
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looks like in the winter. the problem is multifaceted putting up everything about the economy right now. we stopped counting. his tremendous excavation. >> the diesel fuel that you run these things. >> were paying over a dollar more. >> here's another thing this is like a perfect storm in terms of the lights themselves these are commercial grade lights nobody in the u.s. makes commercial grade christmas lights. >> that's right all of these lights are imported. >> a lot of their lights are left on the books in california.
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as you see these are not the cheap home depot but the cheap flights at home depot's and lows these are commercial grade, that is hard to get anything from energy cost and labor. >> we are slinging flight enterprise and making chicken tenders to make them feel comfortable and transparent. >> i am the president with my brother who is co-ceo. >> the ceos are slinging fries. >> it doesn't matter who you are or your title, get it done and let the customer enjoy. >> i do like tv news it doesn't matter what you do get it done and let the customer enjoy it. >> slinging fries that is not a bad location. >> you and i both got our start that way. >> we can make this work, thank you very much hopefully everything works out.
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in the meantime we seen a boom in traditional social activity, people going out more in hotels and restaurants and no one knows that better than my next guest, the ceo of margaritaville joining us out of west palm beach, very good to see you. >> thank you for having me back. >> give me a sense of how business is going right now. depending on where you are, crime is an issue in newark people get reluctant to come to new york yeah big operations in times square. i'm wondering how it falls out dependably what. >> remarkably refocused on leisure square the business is performing markedly well up significantly over 30% in 2019 obviously were maintaining our safety protocols. people are having a very good time and a lot of fun and
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margaritaville in a safeway. neil: what do someone there want to do, you get a feeling even with the prices going out and getting a hotel and going to a restaurant what i see from the data they don't care they have been itching to get out and have fun, that's exactly what they're doing they want to be friends and meet new friends and be social, they certainly up for having to drink at 5:00 o'clock it's always 5:00 o'clock with us i think there is we are hoping to have you down there but it's really the same intuition that you felt but it's about time to do that and enjoy the company of old friends and new friends.
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>> you are committed all this capital to opening up a hotel in new york in times square. in the middle of a pandemic when a lot of people are saying i don't know about the timing of that, it looks like it was pretty pricey, where you see things going right now have the omicron fears that seem to be stabilizing and easing somewhat, but what are your thoughts. >> this is new york performing markedly well as it turned out on the island of manhattan people who come to sightsee welcome the opportunity to vacation. we are actually booked we are oversold during the week 65% occupancy so is performing very, very well and today we just announced our first margaritaville at sea cruise ship, the response has been very positive. i think generally people are are looking to engage in leisure and
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activities of all types. >> will see what happens. i hope you have a wonderful christmas. the margaritaville ceo and a lot of people thought he was crazy opening up this complex in new york city, it is payback in space. in the meantime paying back for the market, the dow and as to be 500 and the nasdaq technology which is getting clobbered bear market territory back with a vengeance a third day running we are on top of all that after this. ♪
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neil: it's remarkable for the clouds and the holiday season in the metropolitan area, crime is a rampant problem. that says something about the resilience of visiting the fine city. brian yanez on some real issues that don't get a whole lot of media coverage but quite real. what you have for us brian? >> your eyes nor the headlines, the nypd data says overall crime in new york city is up 3.4% compared to last year. murders are down slightly by half of the percent but robberies 3.8%, felony assaults up nearly 9%, auto grand larceny over 14% in the number of hate crimes in the city has nearly
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doubled this year compared to 2020, nypd commissioner dermot shea who retires at the end of this month said the cities bail reform releasing criminal onto the street are to blame. >> were seen a little bit of mental illness and disregard to the common decency. but when you have mask amount of people put back on the street in traditionally been held in jail, you are seeing some of that permeate here as well, that is just a fact. >> philadelphia police commissioner danielle outlaw is one of the favorites to replace new york's top cop, places like philadelphia are expensing record homicide rates, 523 murders this year end philly, that is up 13% compared to last year and break the previous record set in 1993 the city's democratic district attorney claims there is not a crisis in
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crime. >> we do not have a crisis of lawlessness, we don't have a crisis of crime and we don't have a crisis of violence, that category includes gun violence. >> philadelphia's democratic mayor wrote calling the comments some of the worst most enduring and insulting comments i have ever heard spoken by elected officials he went on to write i have to wonder what messed up world of white woken is he is living in to have so little regard for human lives lost. at least 12 major u.s. cities have broken all time records this year according to abc. neil: the numbers are what they are, thank you very much. the editorial board member has been talking about crime long before it became common sense to do so. it doesn't look like it is getting any better.
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you have to be impressed with those who visit the city and will continue to work in the city through all of this and they're not going to succumb to it but it's quite a reality, what do you think of where we are. >> it is a reality and nypd numbers are up, some things are down but overall crime is up. from personal experience i just had my purse and phone stolen on saturday night on the upper eastside outside of a very nice restaurant. a few nights ago my wallet was stolen when i was in west village. i tell you i lived in washington, d.c. for 18 years and once somebody stole my phone in 18 years in new york twice in a couple of months, it's a real problem. editorial board post yesterday met with the head of the mta and he kept using the words perfection, he said the crime is not really up it's a perception that is up. i disagree with him.
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mta board meeting in october the nypd said the robberies were up 50% on the subway and of course the subway really getting up back on track so to speak is the best way to get office workers and tourists back into manhattan. neil: you know how to reveal too much but the robbery on the upper eastside, for those that are not familiar is a generally safe area it would seem to confirm other safe areas where these things are becoming more common, can you tell us will happen. >> i was standing outside and very nice dinner with a number of people held by andrew stein it was the city council at a very nice restaurant. i was talking outside with one of the guest. the streets were not very full. i was not feeling unsafe at all and all of a sudden guys showed up and took my purse which had
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my passport in it. and i had my wallet stone a couple of months ago. this is the kind of thing that can happen everywhere in new york. it is spreading. again murders are down, that is great. i tell you this having your phone and wallet stolen is a devastating experience, they have all this personal data of mine and i do hope were starting to see some action and i know commissioner shea said today, people accused with shootings 30% are waiting on a felony charge to great extent on the no bail rule that the reason received a lot more crime, criminals joke that they can get arrested three times and get out on bail within days, it's incredible how many repeat offenders we are seeing in new york city right now.
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neil: that is a scary stuff. new york post editorial board member, we are hearing more and more at the top of this type of thing including late last night someone burning down the fox christmas tree. these things used to be unheard of increasingly common, craziness that is becoming all too common, stay with us. for those you love. vanguard. become an owner. your record label is taking off. thein age
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neil: a curious development when the white house watchdog withdrew her nomination and in the aftermath of that.
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>> they have very controversial truth and very progressive. i know her a little bit, she is a very passionate progressive. and to become this passionate whether you go right or the left people are going to look at your tweets and say is this the person we want as a regulator who has to interpret the law rather than being an advocate, that's the problem she has a whole host of issues. she is deeply in trouble right now from what i understand, no republican will support her. democrats, moderate democrats are insane, then the biden administration really concern here's how you know the really concern, they actually return by phone call last night the story on foxbusiness.com, the senate democrats are trying to figure out a way to get it through to
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have her recuse herself from a bunch of issues that she spoke on. neil: are not trying to revisit the controller, that is a done deal. >> they will put somebody else in. >> we still stand behind her, stay tuned for more. neil: i would think they would be losing the progressive's counsel because they have been burned by the progressive pics, the administration that is. >> here's the thing they have to convince to get out of the committee. you can get out of committee with a tie, 1414, kyrsten sinema is in the committee. that is the key vote, are they going to convince her to get out of the committee per when you get out of the committee it is a full senate we should point out the broadcasters they need to
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recuse herself from a billion things. she may have to recuse herself if you really did that right and maria cantwell the ranking democrat on the commerce committee tried to push it through, i heard her office is delayed, the areas she would recuse, it would be on everything it would be like saying i want to be a priest but i don't want to do church on sundays. , it is impossible. [laughter] neil: what's wrong with you. >> that the normal thing that i say bottom i do think the get through what they call her to. >> i will say this, there's only one reason why they are calling us up, giving us the biden administration. it's usually because they want to get it out there and they're
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not backing down. i think they want to draw a line in the sand. it may be out of the control speed but there's blood in the water. the evidence against her, i'm not say there's anything wrong i had a couple twitter battles with her in the years, she is extremely passionate, i do not agree with her views on what she said about fox and to be clear is that she wants to censor speech. she is passionate she is smart. she got to this thing called public knowledge back by george so rose, she is smart but would you leave that paper trail spielberg be careful comes back to haunt you. thank you very much. this is like a podcast. neil: thank you very much.
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hillary vaughn to add some class to this discussion. we are actually talking about the instagram on capitol hill and not winning any fans. >> there is bipartisan concern on capitol hill with lawmakers consent. it is toxic and also parents are worried about what instagram is doing. we are going to hear from the head of the instagram in just a few moments on capitol hill. some say the instagram algorithms are actually entrapping kids in poisonous content earlier this week overnight instagram announce new tools to protect teens including controls for parents, prompts for users to take breaks and limit on content involving teens but the top republican on the subcommittee, senator marsha blackburn tells me it is not enough to give parents peace of
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mind. >> is that enough for parents to feel like kids should be safe on instagram? >> it is not enough there are a lot of things. i think it sounded great to say in principle we can do this, but a timetable and how they do it and when they do it. they did not check those boxes. >> we've seen testimony from the head of instagram, who will make the case today incredible makers that child safety is not just about one company people point out like tiktok in youtube are used by kids more than instagram but also call for an outside group to call the shots on child safety saying we believe there should be an industry body that will determine best practices when it comes to three questions, by age in age-appropriate experiences and how to build parental control. company should have to hear to the standards to earn our
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section 230 protection and top democrats say there's more fire in the belly of lawmakers changes to section 230 than ever before. >> i think we have a growing bipartisan measure of support never before that i have seen. the revelation that not only did facebook, and instagram promote self-image problems but they also pocket from, they knew and they did nothing to curtail it, they gave it more profit. >> one interesting thing about today's hearing, it's been a very long time since we've had a big tech head come here to capitol hill in person as opposed to testifying virtually. instagram will be showing up in person on the hill. neil: i look forward to that, in the meantime the dow jones industrial down 40 points.
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neil: what can a state do about a chip shortage, texas is about to give it a whirl, let's go to lydia hu and austin, texas to see what they're up to governor abbott is hoping to build on the momentum that samsung will invest $15 billion in the state to build a new chip manufacturing facility not far from austin and drawing on the rich history that goes back decades to texas instruments. today were at nvidia technology fabrication lab where we got an exclusive and rare look of the chipmaking process and action just to give you a sense of how rare the access is that we got. not even all the executives had a chance to walk on the floor that we walked on yesterday. here it is the process happen 24 hours a day, seven days a week. it is a slow and painstaking process, the work of making
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chips for cars can take three months. the production is completely automated run by computers and robots and like seemingly all business sectors chip production has an impact by the supply chain issues, it is taking longer and cost more to get the raw materials that the company needs to make chips. watch. >> for us it is not so much the delivery but all the supplies that are needed to help make semi conductors as well those all get affected, to make semi conductors it is definitely a bigger challenge than it was a couple of years ago. another interesting part of the manufacturing process the manufacturing floor is completely sanitary. they face more than an operating room. take a look at this, this is a photo of me and producer
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yesterday wearing the suits that are required of anybody who accesses the manufacturing floor, here were wearing a special set of shoes, jumpsuit, hairnet and a mask, also hairspray and makeup are not permitted, all of this is to protect the chips while they're in the process of being made from dust particles even a small eyelash they say could corrupt the production process ruining the chips, some can be quite expensive this can contain up to a thousand chips and set you back tens of thousands of dollars for a whole week. neil: thank you, lydia and austin, texas, those dependent on these chips can't get enough of them, what is happening now still in short supply of our
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vehicles, customers are finding that out, how are things looking right now. >> i don't think i would be talking as much about chips but what the average person doesn't realize your iphone has 10 - 12 chips and f150 has almost 1400, you can see the impact that it is had. we see a light at the end of the tunnel but we have a long way to go. neil: what is the hold up right now we've heard about asia and somebody coming from that region. i guess that hasn't marketable he changed but more chips making up for. >> the arrival we see the light at the end of the tunnel, the concerning part it's been humbling to see how we shift these jobs and technologies overseas and hampel of companies control a very important piece of production, not just in cars but him anything and you see companies like ford investing in chip companies, bringing the technology back into our country so we can control our own
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destiny. it is going to be a slow ramp-up, as you just heard it takes a long time to make these chips and build these factories here in the united states. why were in the situation i really don't know. obviously covid hit some of these companies pretty hard and we felt the effects. >> you talk to a car dealership, the exact car that you want you might have to wait three, four, five more months. so they urged buyers to look at what's available on the lot. do you see that changing? >> i tell customers don't settle, if you have to get something that is a different story otherwise the manufacturers, great online sites the plants are running the cars coming in are all sold the customers can get what they
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want. neil: vice president, it is real, the short supply and you have to make the supply that they show you. right ... about 40 points, the nasdaq and s&p are breaking ahead. ♪ . .
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♪ neil: learning that a new york state judge temporarily suspend the enforcement of new york city's covid-19 vaccine mandate. that is the one for municipal workers. the mayor, bill de blasio wanted to extend this to the private sector. seems to be a sign he will not get it for the time-being for the public sector. here is my friend charles p.i.n. charles: this is "making money" and after weeks of head spinning moves the market relatively calm. nobody, but nobody thinks the volatility will go away or stay today. let's reexamine your gameplan. i have some of the best in the business. we'll help reassess risk, valuation, inflation, the fed, covid-19 and seasonality and politics. plus we all heard and know about the miss but no one paid

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