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tv   Cavuto Coast to Coast  FOX Business  February 3, 2022 12:00pm-2:00pm EST

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don't for get to send in the "friday feedback," varney viewers @fox .com. send us your fan friday videos, fake a video of your seven h self, tell us your name, you're from, this is the important part, you have to say you're watching "varney & company." you do that you could be on tv. time is up for me. dave asman takes over. david: i can't wait. dave portnoy is a great interview i'm david asman in for neil cavuto. president biden about to meet with new york city mayor eric adams to push his strategy to get guns off the streets with many saying it is about a lot more than guns, it is the criminals that use them. we'll bring you the very latest as well as reaction from dr. alveda king later this hour. first this hour, facebook face plant. shares of facebook's parent company falling dramatically
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now, 25% after reporting earnings and inflation that is part of the problem for the company. lauren simonetti is here with more. facebook face plants. i love that. i love that alliteration but it is no laughing matter. reporter: hard to say. where is the you warning? that is what a lot of investors are saying today. if you look at this record decline in the price of the stock, $200 million, david, in market value wiped just like that. facebook is blaming inflation and competition. inflation impacting advertiser budgets and then tiktok taking the eyeballs of younger users. so facebook reported a dip in daily active users for the first time ever. here are the numbers. 1.929 billion from 1.93 billion but it fell is the point and that has never happened. then you look at its outlook for the current quarter and that too is disappointing. they're expecting revenue
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between 27 and $29 billion. critics say ceo mark zuckerberg has lost his way here, calling the pivot to the metaverse which is what they call the company we call facebook, they're calling that as a distraction, that comes at a cost for $10 billion for all of last year. take a look at the collateral damage here. names that rely on online advertising including snap, pinterest, twitter, amazon, sharply lower today. let's take a look at amazon. it is down 7.1%. they report tonight. shares now, lowest level in more than a year-and-a-half. there are worries signaled by facebook and also by paypal, that e-commerce is slowing down. can amazon web services deflect some of that concern? that is their cloud computing business. revenue is expected to grow 36% to $17 billion. and overall revenue to reach a record 137 billion in the holiday quarter but there are rumors, david, that amazon will
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hike the price of their prime to battle inflation. so there you have it. another problem for tech stocks and stocks overall today is higher rates. we saw the bank of england just hiked. the federal reserve expected to do so next month. what that does is, the higher racism pack tech companies because it makes their future profits less valuable. and as it stands now, more than 3/4 of stockses in the nasdaq now trading below their 200-day moving averages. so stocks in general in a tech led but broad retreat. david: unbelievable. after the great news from apple, terrific report from apple. not holding up with other tech stocks as well. lauren, thank you very much. oil prices are above 88 bucks a barrel. that has gas prices sky rob getting. aaa reporting national average for gallon of gas, 3.41 cell. that is one penny away from reaching a new seven-year high.
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jeff flock is live in glenside, pennsylvania, with a look how high energy costs could climb even higher in the future. jeff? reporter: not even just gasoline prices, david, but natural gas prices as well. people going crazy with that we start with oil, the runup in gas prices. we're 3.53 here maybe you see in the suburbs of philadelphia. oil though, today bouncing around up half a percent, down half a percent if we look at the hot board, where is it compared to december 1? 65.57 on december 1. it is now over 8dollars. that is a 35% increase. big move down today, if we look at the hot board of natural gas, down 11%, today which is a huge move. if you consider, compare a month ago, december 30th, we're up 55% as of the close yesterday. i don't know if you heat your
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house with natural gas, i don't think you do, david, you live in a big fancy high-rise, not that fancy but neither do i. there you go. if you do heat your house with natural gas you're paying through the nose right now. we talked to andy lipow, gas guru says it could be a lot worse. listen to what he told us. oh, sorry, we don't have andy. i tell you what he said. he said it costs five times the cost of natural gas in europe right now. of course that is a real problem because of the conflict with ukraine. i leave you with republicans, with a joint report on congressional report on the biden administration's energy policy. here's a quote from that report, it says, policymakers seem simultaneously concerned about the high prices while
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aggressively pursuing an agenda designed to phase out all oil and gas from domestic energy production. they say you know, the biden administration policies have just decreased the investment in oil and gas. the only positive andy lipow also told us when you get prices up 80, $90 a barrel, that does increase incentive for producers to get back n we'll see how it goes. david: not good news for consumers. i've been at my apartment. it is 100 years old. it is an old place. thank you, jeff. >> just a place i would live in. i love it. david: it's a fixer-upper. thank you very much, president biden's controversial fed nominee, sarah bloom raskin getting grilled by the senate as business groups raise concerns over her priorities. hillary vaughn is live on capitol hill with the latest on that. hillary. reporter: david, it is very clear one of mrs. raskin's top
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priorities is climate change because she has been outspokenly very concerned about how climate change risks are, the fed is looking at climate change risk and making sure that banks are addressing those risks adequately. so republicans are concerned that if she were to be confirmed in her role as vice-chair of supervision at the fed, that she is going to use that position to impact the way the fed regulates and ultimately impact industries that she is not a fan of, like oil and gas. they're pointing to some of her past comments, including a "new york times" op-ed she wrote in may said this, the decision to bring oil and gas into the fed's investment portfolio, not only misdirects recovery resources the decisions the fed makes on our behalf should build toward a strong economy, more jobs innovative industries to prop up and enrich dying ones. that did not sit well with some
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senators today. >> the fed should not pick winners and losers. >> exempt for oil and gas. you said they ought to be allowed to go broke. >> the fed should not pick or favor any sector at all. >> why did you say it? >> fed is not in the business of choosing winners and losers. >> so you disagree with the editorial? >> the editorial was one that i wrote and i write it in the context of the federal reserve's emergency lending facilities. >> you said, you have to own it. you ought to own it. reporter: raskin says the op-ed was not about the fed instead about the fed using covid relief money to prop up oil and gas during the pandemic but raskin is recommended separately that u.s. regulators need to look at how to mitigate climate risks using their tools in september. she wrote this, all u.s. regulators can and should look at their existing powers and considering how they might be brought to bear on efforts to mitigate climate risk. u.s. regulators will need to
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leave their comfort zone and act early before the problem worsens. democrats are coming to raskin's defense today pointing out one member of the fed cannot solely weaponize the board but other issues out today are putting raskin in hot water. her husband, congressman jamie raskin failed to properly report her 1 1/2 million dollar stock payout. the delayed report something a violation of conflict of interest laws. david, today, republicans are making the case that raskin has gone under essentially confirmation conversion, very outspoken in her private life but when she gets here on capitol hill, she is trying to walk back some of those controversial comments. david. david: confirmation conversion. i love that phrase. thank you very much, hillary, for more, let's bring in former senior economic advisor for president trump, steve moore. steve, great to see you. it is almost a rhetorical question, what is more important for the fed, climate change or
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curbing inflation? >> yeah. hey, david. especially now at a time when we have a real crisis on our hand with respect to the inflation problem. that is the, you and i talked about this for years, maybe decades that the fed should be really concentrated almost solely on making sure that we have a stable money and a stable currency and a stable dollar. that we don't see wild shifts in inflation or deflation, and my problem with the fed has been that they have taken the eye off the ball. they have looked at all sorts of other issues. even jobs. the get can't create jobs, david. what the fed can do is just facilitate a strong economy by having a stable currency. now climate change, come on, first of all, does anybody believe that this woman knows anything about climate change? she is not a climatologist. i'm not a climatologist. why is the fed getting involved in that issue. that op-ed, david, was quite
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daming, david. she tried to take it back in the congressional hearing, she basically says regulators have to take account of climate change. david: here is what she said that is so disturbing, the fed has some authority over banks to put it mildly and these stress tests that the fed gives out are very important for banking future. she is suggesting that those banks that give a lot of loans to fossil fuel companies should have more scrutiny, if you will by the fed's stress tests. so in other words, using the fed to penalize those probation that give money, that give loans to fossil fuel companies. i mean that's a direct attempt to at a command economy, if you will, to use the government, to use the fed, the federal reserve, which is an independent institution, only has two mandates, monetary stability, and unemployment. those are the only two mandates but using it to push these
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global warming theories and so forth. larry summers warned us about woke central bankers. doesn't she fit that description? >> yes. think about the irony of what she is saying. she is saying that the oil companies are at risk because of climate change. no, the oil companies are at risk because of radical climate change activists that want to shut down oil and gas and raise the price of this. that is the risk that these, these you know the fed and other institutions are going to try to shut down our own gas capabilities in this country. so let's let these companies do what they do. i just go back to what i said before, come on, we have a crisis on our hand with inflation right now, every indication you showed what happened with the oil price, it is $88 a barrel. that is the equivalent of almost five dollars a gallon at the pump.
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why isn't the fed concentrating on that? by the way i got to tell you something, that was a fascinating conversation you had earlier about the energy price. we just got our home heating bill, david. it is, cold january but we compared it with last year. our home heating bill this year was $600. last year it was $350. that is inflation. it is killing people. david: you're an expert in energy production in the united states as well. you've written a book about the extraordinary revolution of fracking and how that led to this surplus of natural gas, brought prices down, made our air cleaner to switch from coal to natural gas. we have regulations that hurt natural gas in this country that hurt production. we have a infrastructure bill that specifically targets fossil fuels emphasizing other things and by new regulations. you add on to that a fed interested also in punishing fossil fuels, what happens to
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our economy? we need energy for our economy to grow. >> so there is a big story, though, everything you said is right but there is a big, big story that could be a complete game-changer in the whole climate change agenda. that is, david, what happened a couple of days ago in europe where europe very wisely, europeans finally have come to a good resolution about dealing climate change. they are now going to add nuclear power and natural gas to the portfolio of what they call clean energy. that is a breakthrough. that is, why aren't we doing that in the united states? natural gas, nuclear power are two of the cleanest forms of energy there are. if we could do that in the united states we wouldn't have this crisis. we would build the pipelines. we have more natural gas than any other country in the world. why are so many states shutting down nuclear power plants which emits no global greenhouse gas emissions? if we did what europe would do,
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we could fight climate change in a way that would not destroy our energy. david: steve, let's being clear about it, we're much further to the left than europe is. on a number of issues. not just that one. >> exactly. the reason one, i want to get this last point in. the reason that your on is moving away from wind and solar power because it doesn't work. they're five years ahead of us. david: they tried it. >> it is killing their economy. let's not make the mistake europeans. david: it happened all over in europe, spain, germany, everywhere, they found it's a failure. steve, great to see you, coming up, sunshine state enjoying a lot of economic benefits from refusal to go along with the lockdowns during the pandemic. florida republican lieutenant governor jeanette nunez is here to explain when we return.
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♪. david: the white house saying it as goal is to move on from the pandemic after a study from johns hopkins university suggesting that covid-19 lockdowns barely had any effect on the mortality rate. fox news white house correspondent peter doocy joining you with details. hey, peter. reporter: david, good afternoon. many public health officials who championed lockdowns including
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dr. anthony fauci are still in office and they may have some explaining to do now that johns hopkins university has a study that concludes, while this meta analysis concludes lockdowns had little to no public health effects they imposed enormous economic and social costs where they were adopted in consequence. lockdown policies are ill-founded and should be rejected as a pandemic policy instrument. now there are critics calling for accountability. >> how many people missed a cancer screening, mental health, the suicides for young children? i mean, this shutdown will have effects for decades to come. children being held back in school, not being educated in the process. the mental health damages that is going to go on for years. government should lift all these lockdowns but the white house says one thing and does another. reporter: at the white house
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officials say they followed the latest public health guidelines but they insist they don't want to lock down or shut down the economy again. >> we're not going to live like this forever. we don't want to live like this forever and our objective and our goal is, on ending this pandemic as we know it today so we don't have it, so it is not something that is disrupting our daily lives. reporter: so this new johns hopkins study does not find that the lockdowns were the equivalent of nothing. they find that the lockdowns were worse than nothing. david? david: exactly. that is the point. millions of lives weren't saved as dr. fauci said. thank you very much, peter, appreciate. our next guest is the lieutenant governor of one of those states who is seeing their economy bounce back from their openness, from their refusal to get caught in this lockdown mentality. republican lieutenant governor of florida jeanette nunez joins
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us now. great to see you, thank you so much for being here. it's more than just one move, one policy decision for a lockdown or a mandate. it's an entire attitude, is it not, lieutenant governor? an attitude where individuals are not considered to be responsible enough to handle their own behavior in society? >> well, absolutely. here in the free state of florida we have been the direct beneficiary of those draconian, foolish, fauci-led experiments and now we're seeing, we have the actual data that lockdowns don't work, mandates don't work. so here in florida, what we've seen is a tremendous growth in our economy. people flock nothing florida for obvious reasons. the leadership of governor desantis and challenging some of those assertions, making sure we provided people with the tools, the education to make the best decision for themselves and their families. david: lockdowns, thank
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goodness, lockdowns are long gone. the president is now saying he doesn't want more lockdowns no matter what happens with the pandemic coming up but businesses here in the lockdown states like new york, it is happening in california, it is happening in michigan, they are still stuck, they're stuck with the mandates, with the mask mandates, with the vaccine mandates and of course they have crime problems as well. all those things, the restaurants in new york, for example, are operating at a 6% loss -- 67% loss in terms of reservation the month before the pandemic started. we have pandemic and lockdown hangover here. are you seeing any of that in florida or is your economy booming? >> no. our economy is booming. what we've seen here in florida we've had 20 straight months of private sector growth. our labor force growth is six times the national average. we are the number one state in terms of net migration. that is not by coincidence. that is not because of our
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beautiful beaches, our great weather although of course that is a factor. it is because of the leadership of this governor and our administration and making sure that we allow businesses to thrive. we allow people to work. we have allow our children in the classroom. we were never going to lock people down. we're proud of the work we've accomplished here in florida. our economy is doing great. business is booming. there are some people that are proud to live in the free state of florida. david: you said that twice now, the free state of florida. i think that will be on your flag at some point but it is freedom and it is personal freedom, it is economic freedom but also freedom with responsibility. the kind of irresponsibility that you have seen on crime issues in a lot of blue states where essentially giving a free ride to criminals to do whatever they want, even if they're violent criminals, they're still released too early, are back out on the streets quickly. do you follow that freedom with responsibility closely?
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>> well, here in florida, what we've done is we've made sure to support our men and women in blue. we are not going to allow anyone to defund the police in the state of florida. that is why we had historic legislation last year. that is why this year we proposed salary increases, bonuses to reward those that are on the front lines, that are keeping our communities safe. coast to coast what you're seeing is a wave of violent crime. all of these democrat-run cities are seeing an increase in violent crimes. our children are being, obviously shot at on the streets, these are things that are real problems. here in florida we won't stand for it. that's why we want to make sure that not only are we supporting our men and women in blue but we're not allowing people like what you see in new york, district attorney, soft on crimes. those policies won't fly here. governor desantis and i will strang strong. david: governor, quickly before we go, talk about elections coming up and attempts to jerry-rig the elections and
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redistricting called gerrymandering. for all of the democrats republicans were doing it we see them gerrymandering districts in new york. jerry nadler's seat, i don't know if we can put that up on the screen. you look what they have done to gerry mander his district to try to keep republicans out. it is clear they're doing a lot. the governor himself, your governor, has actually just ridiculed that and he is now threatening to veto a new congressional map for florida. can you tell us a little bit about that? >> well we've been monitoring that. the legislature has the responsibility to craft maps, both house, senate at the state level and congressional maps for florida. what we saw in the senate was a product the governor was not content with. he submitted his own version of our map. what we intend to do follow the constitution, both florida and the united states. we also asked our florida straight supreme court to issue an advisory opinion whether the
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current congressional district in question, up in northeast florida, is actually gerrymandered, that it is actually done in a way not compliant with the constitution. it stretches more than 200, 300 miles from east to west. all at the express purpose of connecting african-american communities in one part of the state with african-american communities in other part of the state. so what we're hopeful is that the supreme court will issue an opinion. the florida house will then obviously take up the senate map, either make amendments, changes to them and then send them to the governor. at which point he will decide whether or not to veto, have them start again, certainly he can approve them if he feels they are compliant, they're contiguous, they don't gerrymander districts for the express purpose of one party, one race or another. david: jeanette nunez, lieutenant governor of the great state of florida. thank you very much for being here. appreciate it. president biden talking crime with new york city mayor eric adams. calls for more to be done to protect our police. dr. alveda king is here to react
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when we return. >> >> translator: how many wilberts, how many more officers have to lose their lives before this system changeses? the nypd protects us but who protects them and who looks after their lives?
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♪ david: of course a crime spike happening from coast to coast, but new york hit particularly hard. president biden just arrived in the city to talk with the new mayor and law enforcement. madison alworth is live in new york with more. madison? reporter: david, so the president is here to talk to mayor eric adams specifically about gun violence in the city but the businesses that we've been speaking to, they say it is not just gun violence that is a problem. it is all crime. all crime is up. the current policies they say are only making the problem worse. all you have to do is take a look at the numbers.
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yes, gun violence is up, but is almost every major category of crime. many by shocking amounts. rape is up over 26%. robbery up over 32% and grand larceny auto up over 92%. businesses are desperate for a change. they say soft on crime policies are not holding people accountable. it is allowing criminals to get increasingly brazen. >> you're not prosecuting crimes for what they are and you sugarcoat it or make it a lower offense, what happens is you enable the criminal. >> i have a business here. it is very challenging to have people constantly walking in the street. >> my mom speaks to me every night. she is scared to go out. unfortunately where she lives at crime is up in the bronx. reporter: you hear it all there, david, right? we're concerned about gun
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violence what mayor eric adams will talk about the president b he will be asking 9/11 response for the current gun epidemic. new yorkers are concerned about all crimes, they want a whole system change because they do not like the direction the city is growing. david? david: the problem is the criminals, not what particular weapon they happen to it use at any one particular time. madison, thank you very much. even a number of democrats are admitting a lot of rising crime issues stem from the defund the police movement. reaction from america first policy institute, center for the american dream chair, niece of dr. martin luther king, jr., dr. alveda king. dr. king, thank you very much for being here. for all the talk, i know you really hate it when we divide our country up into black and white and hispanic and so forth. we're all one race, the human race, i understand that, but there was a lot of talk about defunding the police to save black lives in. point of fact, that movement,
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the black lives matter movement, the defund the police movement, has been very tough on black lives. according to new stats from the year 202,110,000 lives, particularly the children, you think of the children that were killed by these stray bullets or, horrible crimes but 10,000 black lives were claimed because of violent crime, 10,000. i mean, i don't think it is coincidence that it happened corresponding to defund the police movement, do you? >> david, first let me say to everybody, when we hear these fearful reports we need to fear not but pray and then take positive action. pay attention to who we're electing to office and all of those types of things. let's do something positive. now i totally agree with you, i don't know if this was a rumor but i heard that l.a. out in california was thinking about
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letting black lives matter run the police department. i have mean that is just ridiculous if that happens to be true. now, we do know that when a nation is lawless and our current administration in washington, d.c., still think it is okay to kill babies up until birth, that kind of thing, open the borders, give immigrants checks and money to come on in and do things with no consequences. so when you have this kind of lawless administration and then the people are still getting over from being afraid of covid and all of that. so tensions are high and the best point that i heard right now is, it is not the guns only and so president biden of course is probably going to do more like take the guns, stop gun violence and everything but the heart of the criminal and whatever weapon is being used is the problem. so we really have to address these problems. and you know what? america needs to get back to work because when we're idle,
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you know, idle minds and hands are the devil's workshop kind of thing. david: great point. >> people are not working. the shelves in the grocery stores are empty. there is so much going on, david. david: we had two police officers killed in one incident here in new york city. four police officers killed in the month of january. it is, and 24 shot by the way. some of those lives have been ruined as a result of that i get it, you say focus on the good news. the good news i think, people are realizing how valuable police are in our communities and how grave they are and heroic they are they are and putting their lives on the line when they go out. there seems to be a countertrend, countering the blm cops are bad idea, supporting police and what they do. do you know that as well? >> communities are waking up. parents are waking up. families are waking up.
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we know we have to have some law, some order, some rules of conduct. america i really believe is waking up. we're in black history month as well. so black history is a part of america's history and so we may have all kind of different skin colors and stuff, but we are all really in one race. i will be in mississippi tuesday with afpi at the black history museum celebrating black history. i got to remind everybody, we have got not to be lawless. when we have lawless leaders, the country is in terror. let's get some lawless leaders back in place. david: freedom back in place. >> let's get lawful leaders back in place, dr. king, thank you again for being here. >> thank you. david: the leader of isis is dead after a u.s. raid in syria. we have specific details that you haven't heard before on the mission right after this.
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♪. david: u.s. forces taking out the leader of isis during an overnight counterterrorism raid in syria. fox news's tray jinx has the very latest from tel aviv. trey? reporter: david, good afternoon. u.s. special forces carried out an antiterror operation overnight in northwest syria. president biden spoke this morning saying the target was isis leader, abu ibrahim al-hashimi al-qurayshi. he was wearing a suicide vest when it began and blew himself. a raid lasted more than two hours according to nearby residents. the residents heard helicopter and machine gunfiring. an american helicopter was destroyed after it experienced a problem after special forces conducted their work. reports indicate 13 people were killed including six children. no americans were harmed. president biden had this to say
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about the operation? >> our forces carried out the operation with their signature preparation and precision and i directed the department of defense to take every precaution possible to minute mize civilian casualties. reporter: the associated press report this is was the largest u.s. raid in syria's rebel held ibid province since former isis leaderring a baghdadi was targeted in 2019 this. came after a prison break that took place in northwest syria. the events were not related but 500 people were killed between isis and u.s. backed kurdish forces. continued isis activity in both iraq and syria is of major concern to american intelligence officials who are concerned isis may be expanding once again. david? >> that is all we need. trey yingst, thank you very much. let's get reaction from republican texas congressman, brian babin. thank you for being here. wonderful for folks to see them
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carry out a raid. unfortunate six children were apparently killed. this guy we should emphasize uses his own children as a human shield. i can understand why children were killed. >> this is a replay of what happened with al-baghdadi back in 2019. great to be with you as well, david. david: thank you. >> i'm so happy and very proud of our special operators. one of my sons was a former special operators, so my heart goes out to these guys. the fact they all came home safely, accomplished their mission, very proud of them. david: with the withdrawal, all the problems that ensued from afghanistan in august, a lot of people were wondering if isis and terror groups would build up using afghanistan as a base. this is syria, not afghanistan. are you concerned that the problems we've had in afghanistan over the past few months might be leading to a
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reignition of the terrorist movement? >> without question, david. isis has been strengthening, you know, since our debacle withdrawing from afghanistan. we're projecting weakness. you know you get a terrorist group that is just atrocious like isis, they won't, they just move in on weakness and on a vacuum that has been left. leaving $85 billion in military equipment behind for the taliban for goodness sakes. terrorists have this strong hold there. and quite frankly our open southern borders as well, david. we had border patrol has caught 14 individuals on the terrorist watch list this past year. i remind the people listening and watching that it took 19 terrorists to carry out the worst terrorist attack in american history on 9/11. david: all of those, congressman, all of those billions of dollars, of course there were, they pale in
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significance, to insignificance because the americans left behind but is anybody tracking where those weapons are going and how they are being used by the taliban? >> i'm sure we're trying to track them. i have heard, i can't tell you with any certainty but i understand they're selling some of these on the market. some of our really powerful, more powerful adversaries i understand may be purchasing some of these as well. i mean it has made the terrorist group like the taliban have one of the, one of the largest, most well-quipped militaries in the world today. it is incredible what is happening. and we just simply cannot continue to project weakness around the world. peace through strength is, as president reagan said has to be done and our inept and incompetent administration under president biden has contributed tremendously to the situation that we see today in ukraine.
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the, you know, the taiwan situation. we emboldened putin. i dare say if we had the same president we had last time under president trump's administration we might not be having these problems whatsoever. david: congressman babin, good to see you, congressman. thank you very much. appreciate you being here. >> thank you, david. david: los angeles mayor eric garcetti making excuses for going maskless in pictures, very much like the governor. wait until you hear what the mayor said when we return. for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates
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david: actress susan sarandon under fire for sharing a post comparing the presence of cops at the fallen nypd detective jason rivera funeral to fascists. washington dam inner tiana lowe joins us -- washington "washington examiner." most people don't care what susan sarandon thinks. this is so venal. attacking a officer who made the ultimate sacrifice, another officer with him also killed in that shooting, it does deserve a response, does it not?
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>> yes. and especially not only while there have been massive homicide spikes, violent spikes in cities including new york city, you have a massacre of cops beginning of this year. it is made worse by the fact that the manhattan d.a. had aggressively non-profit few tomorrow stance of non-prosecution. eric adams had clear mandate coming into new york. defund the police failed, it failed both in the specific election for the new york mayor and continues to fail in democratic polling. you do not see people of color rallying around defunding the police. they want to re-fund the police, they want to reform the police. it doesn't help when wealthy white liberals paying for private security, promoting defund the police and it is costing democrats elections. david: congresspeople can afford their own detail.
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cori bush announced spent $300,000 for her private security. came from campaign funds, she is not a rich woman, maybe from the campaign funds. they are for defunding the police for everybody else. another situation involving elected elite in this country. los angeles mayor eric garcetti was seen unmasked with magic johnson, the same rams game where governor newsom was unmasked. we don't want to pick on magic johnson. we want to show the hypocrisy of elected officials in california, completely abandoned their pledge what they force other people to do. >> photograph, 0% infection. won't pull it down for two seconds. to me it is critical eyes nobody is endangered by that. david: forgive me, he said i just pulled it down for a
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second, put it back up. we saw that wasn't the case for the governor. no reason to believe it was the case for this guy. go ahead. >> we know they're lying. the fact newsom and garcetti responsible for demanding your two-year-old has to wear a mask in pre-k, day care, they don't have to while they party with rich celebrities. i didn't breathe the new, i didn't inhale clinton style, right? we know that is not true. here is the thing. if you actually believe vaccines work, which the cdc evidence is pretty clear at this point it protects you, you would say there is ample evidence that the risk of death for the unvaccinated is 78 times higher now with omicron, with a vaccination and if you're vaccinated an boosted. they can say i didn't have to wear a mask because the vaccines work? at this point fda authorized emergency use for everyone over the age of five to end this, they have to keep on the charade. because they want to keep the masks in schools. because they're still beholden to the teachers unions that want
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to have these draconian, trigger quarantining rules, these trigger mask rules so they can prevent us from going back to normal that is the truth. it is not about following the science. david: study from johns hopkins, had we stayed with normal in terms of afraiding lockdowns we would have ended up with far fewer deaths, particularly those deaths the lockdown was specifically for. some democrats with elections are coming up rethinking lockdowns and mandates. tiana lowe, thank you very much for being here. appreciate it. >> thank you. david: coming up the travel industry is calling for changes for the testing rules for vaccinated travelers. we're live at chicago o'hare with the very latest on that next. ♪.
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(dramatic music) - [narrator] as the eyes of the world focus on the latest flood of calamities, the most urgent may not be the most visible to the average person. for decades, we've seen an erosion of our nation's values, but today we are experiencing a world gone mad. the country is facing an inflection point and cultural norms are turning away from traditional values. in "hope for this present crisis," dr. michael youssef presents a seven-part plan providing practical steps on how to be a godly influence in our society and how to take a stand for our values in a culture aggressively opposed to them.
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♪ >> come fly with me, let's fly, let's fly away ♪♪ david: ah, frankie sinatra, he still does it. come fly with me if the weather or the mandates don't stall your plans. between another winter storm and the test requirements for international travelers, the travel industry is asking for help. grady trimble has the details from o'hare international airport. hi, grady. >> reporter: hey, david. more than 4600 flights canceled across the u.s. today, another
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1,000 delayed, and that's on top of the roughly 2300 cancellations from yesterday. so if you're traveling today, you can expect busy terminals, long lines with people looking to rebook their flights. if you're not traveling today, just be thankful because take a look at flight item aware's misery map -- map, it's rough out there. especially in dallas/fort worth, 65% of flights there have been canceled. here at o'hare about a quarter of all flights are canceled. and in austin, texas, nearly 80% of flights, 227 flights total, have been canceled. there are also problems in houston, in new york and d.c. as well. if that's what's going on across the country. here at home, separately with international flights, several airline and travel industry groups are asking the biden administration to scrap the pre-departure test requirement for vaccinated international
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travelers coming into the united states. in a letter to the administration, those industry grapes say travel and -- groups say travel recovery is dependent on the government taking steps to remove travel restrictions that are no longer justified by current circumstances. we stand ready to work with you, the administration, to implement this important step toward learning to live with covid in a way that doesn't compromise health and safety. so while the airlines today are dealing with a mess here domestically, they say that getting rid of that testing rule would certainly help the international flight situation which flights, by the way, dade, internationally are way down coming into the u.s. compared to pre-pandemic even though domestic travel has pretty much caught up. david: yeah. well, good for domestic, but it is tough on international. grady, thank you very much. if you're not traveling by plane, maybe you're hitting the road, but good luck getting a new car if you need one. lydia a hu is live at a dealership in new jersey with the latest the auto industry
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shortage. hi, lydia. >> reporter: hi, david. depending on what type of new car you want, you could be waiting six months or longer for it. auto forecast solutions says globally more than 6 million cars have not been made since last year strictly because of the semiconductor chip shortage a. right now we're joined by tom, the owner of lexus here in new jersey. tom, what type of car the hardest to come by right now? >> suv, by far. i mean, the demand over the last five years has been astronomical, and right now because of the chip shortage, it's suv. people want suvs, you can't get them. >> reporter: and that's consistent with what jd power also tells us. david, they say there's only a 15-day supply of suvs, particularly luxury models, on the market right how. usually there's closer to three months, and we know that's having an impact on prices. the average price for a new car, more than $45,000, up more than
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29% compared to a pre-pandemic time. do your customers have sticker shock somewhat do they say? >> you know, it's a tough situation, but the manufacturer has raised the prices because of the costs have gone up, the availability of the supply and demand, obviously, basic economics, supply and demand, there's low supply, high demand. but, you know, people have to take into consideration also a lot of these cars are being shipped -- built overseas and shipped in. the cost of shipping has become astronomical. >> reporter: when do you think this is going to get better? >> 2023. >> reporter: so for the rest of the year we're going to see high demand and higher prices. >> yes. >> reporter: there's a little glimmer of hope because month over month, the prices are coming down slightly because inventory for used cars has been boosted recently. so that's helping somewhat. only about 2% lower in sale prices over last month, so not a huge improvement. big picture, macro story here, david, still these are going to
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be the conditions, high prices, limitedded inventory for the rest of the year. david: sounds like 2023's the time to buy. i don't want to discourage anybody from trying to buy this year, but it's going to be a while before they start coming in again. lydia, thank you very much. well, labor shortages, of course, are partly to blame for the supply train and travel issues. now the biden administration's bracing for a dismall jobs report tomorrow. -- dismal jobs report tomorrow. here to sort it out is dan get trialed and rebecca walser. rebecca, first to you. what are you expecting for tomorrow's jobs report? >> well, i'm expecting, you know, adp yesterday said we had a 300,000 loss, and we were expecting a 207,000 private sector the add. i'm definitely thinking that we're in the 300,000 job loss range based on that report yesterday, david. david: of course, a lot of this has to do with omicron, and a
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lot of it is backward-looking. omicron, as we knew because of what happened in south africa and the u.k., burned very hot, very quickly, but it leaves quickly as well. and we just got new unemployment benefits falling less than expects -- expected, fewer than expected unemployed. that means that the number we see tomorrow as bad as it probably will be may be improving right now,ing as we speak. >> david, that information, quite frankly, is stale because we already know what happened with omicron, as you said. it came on strong and, hope any, now it's going -- hopefully, mow it's going away. so let's hope that the market, for example, isn't going to put too much emphasis on this and overe -- overreact. i think they already know the numbers are going to be bad, but we have a much rosier picture going forward. david: rebecca, i'm just wondering if the administration, because they telegraphed it's
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going to be a bad number from jen psaki, i'm wondering if they might try to use those bad numbers tomorrow to justify some kind of emergency spending, some of the stuff that they couldn't get through congress with the bbb plan. are you concerned that there may be more federal spending as a result of the bad numbers tomorrow? >> oh, gosh. the worst thing you could possibly say, david. more federal spending after $8 trillion printed through corona the last 22 months? 7% year-over-year inflation, the worst in 40 years? federal spending is not the solution, and if we haven't learned that lesson, we need to get people back to work, david. people have got to go back to work. where are the 11 million job openings? where are the people to take that? we have lost millions of people, workers. where are these people going? they're not to working. we have too many job openings. i have never had such a hard time hiring employees. this is outrageous for
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employers. and federal spending is not the answer. [laughter] let's do something to get people back to work. david: i really hit a nerve with you. i love your passion on this subject. [laughter] dan, i know you're passionate as well about it because no matter the number tomorrow, we're still stuck with inflation. you know, the administration for months, they were saying it was transitory, then they were saying it's deaccelerating. no, it's accelerating. the wholesale prices are double digit. that is going to be passed on to retailers and the consumer, so it is going to get worse as the year goes on, no? >> yes, it is, david. and i'll tell you why, it's because this inflation -- although you can blame the virus, okay, that's what started it -- it is our policy reaction that's causing the inflation. look, it's very simple. get rid of the mandate, get people back to work as rebecca said. that will equalize supply and demand, and you know what? inflation will start to come
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down. but policies aren't changing, so as you just said, i think that a we're going to be in this inflationary period for quite some time because we keep doing the same thing over and over, and we get the same result. david: rebecca, we're exacerbating the problem. i mean, the spending is not only causing more inflation, it's extending the period with which people do say at home and don't get out into the labor market, and that's killing -- by the way, it's not killing the big guys, the amazons and the others. they can afford to spend $20, 30 an hour for labor. small companies can't do that. >> that's right. you're 100% right, david. if we have learned any lessons, it is we don't shut down without having more data on our side, and we certainly don't let the federal reserve chairman use the word transitory when they have absolutely -- it just, it was not true. it was setting us up for massive inflation and supply chain crises, and of we have to do things differently. we cannot do things the same
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way. we'll just get more of the same, and we want out of this. david: rebecca, i want to talk about facebook because this 25% drop, it's now 26% to the downside on facebook, is that going to, is that going to affect the entire market? i mean, clearly, it's dragging the market down today. is that indicative of what's to come for tech? >> you know, david, after hours trading yesterday twitter and snapchat, everything down. it's really class bias, right? what'sing happening is investors are awakening to the fact that people will leave a platform, that their loyalty only lasts for so long. and i don't know all the reasons, we can say censorship and labels, that people are getting sick of being told in this isn't true and blah, blah, blah, but there's a lot of new media, tiktok specifically called out and said, hey, it's short videos that are killing us, we're going to focus on instagram reels, but facebook decided to go in the direction the of the metaverse, zuckerberg described it as logging into a
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universe where you'll do a bunch of things in the virtual reality world. that's a long-term play, david, and we're going to have to start second guessing these new technologies because it's going to be a long haul. dave: -- david: well, and, dan, it is not reality, it is virtual, and a lot of people are questioning whether they really have a thousand friends on facebook. are they really your friends? [laughter] i mean, people -- i think reality is beginning to hit people in a way, perhaps it's because we're coming off the pandemic and people can't live in that virtual world anymore. what do you think? >> well, we may think that way, david, but i gotta tell you, these young people who are literally glued to their computers and playing all these games, i'm not sure they a actually know the difference anymore between reality and this alternate way of living. david: oh, gosh. [laughter] >> although some of us more mature people may not get it, i'm not so sure that the
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metaverse isn't going to be the future with so many people, young people, that are absolutely taken with this alternative reality. david: yeah. and sometime you have to deal with reality though. when the money dries up and the government money is not going to continue forever, it doesn't grow on trees, i'm sorry, it's not free, and eventually it'll dry up with a $30 trillion debt, you bet it'll dry up, and it's going to dry up while we have inflation, and that is going to be a slap in the face by reality. that, i think, will be awakennenning people, and i think it's already beginning to do that. dan, rebecca, you're terrific. thanks very much for being here. well, too much for comfort. coming up, two dangerous world leaders are using the winter games to come togetherment. ♪
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♪ david: congress receiving classified briefings today on the russia threat after biden ordered 3,000 troops to eastern europe. fox news correspondent steve harrigan is live in ukraine with the latest. steve. >> reporter: david, the reaction in russia to that order of the u.s. serving 3,000 troops to allies in eastern europe was really one of anger. russian officials saying it is a destructive step, one that's going to make finding peace
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between russia and ukraine much harder. and it comes as russia itself is continuing a massive buildup along three sides of ukraine, especially to the border in the north with belarus. they've already got weapons and air defense systems there. and by the end of this week, they could have as many as 30,000 troops there which drew this from nato: >> we have seen a significant movement of russian military forces into belarus. this is the biggest russian deployment there since the cold war. >> reporter: when you talk to people here out on the streets, many of them have a tough the time imagining that there could be a war with the neighbor to the north, one which for many here they have generations of cultural and family ties. here's what one man had to say. our countries are tightly connected. i don't know how they can attack a brother nation. >> reporter: of course, those trams are still running on time
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as is much of the economy here despite the imminent threat of war. david, back to you. dave david good for them. steve harrigan, thank you very much. well, the world is preparing to come together for the winter games in beijing, but the f fbi warning that china's cyber attack capabilities are up unmatched and could be used. edward lawrence has more from the white house. edward with. >> reporter: david, you know, the f, mr. i -- fbi director says china steals more information from people as well as company on a grander scale than any other country in the world. he goes on to say that the fbi opens a case into china and chinese issues ones every 12 hours. now, in addition he says, quote: many -- in many ways it's reached a new level, more brazen, more damaging than ever before, and it's vital that all of us focus on that threat together. representative greg murphy says china has already invaded our borders. >> without a doubt, it is just another form of how china has invaded our nation. they've invaded our schools, they've invaded our businesses,
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and now their totally taking over -- they're totally taking over what every child and adult does every day, and that's deal on social media. >> reporter: meanwhile, falling short on purchases under the pause one trade deal by 62% according to the peterson institute for international economics. the biden administration has not held them accountable for that yet. now we are one way -- day away from the russian games, russian prime minister vladimir pilotten will be there, but -- president vladimir putin will be there. the white house says boycotts are tough enough. >> it was related to our concerns about prc's ongoing genocides and crimes against humanity and other human rights abuses. >> reporter: still no outward action against china by this administration for stealing technology or living town that phase one trade deal. in fact, the trade deficit with china increased by $9 billion under this president in 2021,
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rewarding china with even more money and it was evidenced in the fact the house members have to wear a mask on the house floor. that mask stamped with made in china. [laughter] david: and so much else. edward, thank you very much. well, "the wall street journal" slamming a bill proposed by house dem democrats who say it's aimed at making the u.s. more exitty, but the journal says, quote: democrats think america must copy way ginning -- beijing's industrial model. here now, senator james plankford. this bill, it's just a puny little $250 billion, by the way, which is pocket change compared to the trillions we're spending, but it's still $250 billion. it was passed last summer by the senate. and it really is based in, if you look at it closely, on the sort of command economy model, the kind that china uses. is that really what this country needs right now? >> that is not what we're built
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on, that's why when it came through the senate, i did not vote for it in the senate because it is built exactly as you say. if china's quote-up unquote successful in their economy, let's try to out-china china by doing even more central government and central control by hang managing how the economy works. if we're going the respond to china, there's very clear ways to do that economically, there's some ways to be able to do that by blocking off a intellectual property, by pretty venting them from being -- preventing them from buying large tracts of property in the united states. there are clear ways to be to able to do that. that's not what this bill does. it instead tries to use federal tax dollars to try to do private industry. that becomes a problem long term, that's what china that's failing on. david: well, and we've tried before, and it's fail before, solyndra comes to mind. but the bottom line is did any of your republican senators vote in favor? did you try to talk them out of it? >> i did, actually, and we had quite a debate on this.
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there was a first step that happened over in the senate, the house has now taken months and months, theirs seems to be a conglomeration of every idea they want to be able to throw in. they're taking pieces of the build back better bill and trying to slip it in and say, no, this is china related as well. they've got a new piece for college students trying to track all their data, american college students. so when people hear about this china bill, there are going to be headlines, they need to be able to read all the details below it and find out that the house is flowing -- throwing a lot of stuff in there that has nothing to do with china. david: speaking of woke economic models, we now have a fed nominee who believes in using monetary policy to direct woke energy goals. her name is sarah bloom raskin. are you going to vote in favor of against her appointment to the fed? >> i will vote twice against heri have the opportunity to vote -- i have the opportunity to vote twice because there's no
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way she should be controlling aspects of our federal reserve. she's actively promoted shutting out fossil fuels. that's 70% of the energy in the united states right now. so she's talking about actively trying to cut off any kind of capital and financing to 70% of our energy when the time the times right now when people are seeing gasoline prices shoot up with biden policies, natural gas prices shooting up. he's now going to add someone in the middle of the federal reserve that's going to do more discharge to -- damage to our oil and gas? the the big issue in europe is how are they going to get natural gas because of russia's supply into europe on that with all the impending battle with ukraine. the united states should be providing more energy if to the world and more sustainable energy here, not less, and she's literally going after what is the biggest issue in europe right now and what is day-to-day life for us in the united states because of her woke preferences. david: and, of course, the moves to kill natural a gas production
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and distribution, etc., are causing us to use more coal. we're now using 24% of our energy needs come from coal as opposed to 0% last year. -- 20% last year. so it's making the air dirtier. the bottom line is that has nothing to do with the two mandates of the federal reserve which is unemployment and monetary stability. all right. because of all the spending we've been doing, and it started under donald trump with regard to the covid relief i mentioned, we now have a national debt that's over $30 trillion. now, you took a pledge not to raise taxes. i'm behind you 100% on that pledge that you took, but how do you get that national debt down if not with higher taxes? >> yeah, this has been the great challenge. in fact, it's an additional $2 trillion in debt just in the last four months that's been piling on. you take the bill last march, it was all debt-related after the economy was recovering. what i've said for years is there's two things you've got to be able to do; control your spending and have a growing
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economy. after the 2017 tax bill that we passed under president trump that passed with the republican legislature at that time, we got a growing economy, and it still continues to survive even through covid. we have the growing economy, but spending is not being controlled. we're on the wrong trajectory on this, and until congress has pressure to be able to do both of those, we're not going to get out of this. right now there's proposals on the next set of appropriation bills that are even more spending while the house is talking about another quarter trillion dollars they want to be able to throw towards the, quote-unquote, china bill. there's no restraint on spending here, and until we get a restraint on spending while we have a growing economy, or we'll never get caught up on that. david: and very quickly, there was a rumor that was in the "wall street journal" that a senator map chin was still negotiating -- senator manchin was still negotiating with the white house on bbb. he said that's not true. do you see any weakennenning in his position to bring up bbb again this year? >> i don't see any weakening at all, i think the house doesn't
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either, that's why they're trying to sneak aspects of the bbb into their china bill to try to get it other places. david: again, very quickly, is it possible that with the bad job numbers we may have some kind of attempt for an emergency spending measure coming off the white house? >> no, we do not need to have another emergency spending thing. we already have giant inflation right now with 7% inflation and that being under control. the more the administration throws money out into the public and says this'll fix it, it is throwing gasoline into the fire right now of inflation, and they're making a bad situation worse. david: senator james lankford, good to see you, sir. thank you for being here. >> god to see you as well. -- good to see you as well. david: introducing the washington commanders, that's their name. what legendary quarterback joe theismann thinks of name, right after this. ♪ i'm gonna pop some tags -- ♪ only got $20 in my pocket ♪♪
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♪ ♪ david: the washington financial team revealing its new name -- football team revealing its new name, the washington commanders. joe theismann is here. what do you think of the new name. >> i like it. it's good to catch up with you, thank you. i really like it. i think that a this, i think that it sort of speaks to the city of washington. everybody has sort of a, you have the san francisco 49ers, the chicago bears, the washington commanders speaks to the city itself. the logo, as you can see, has a lot of history to it, has the championships on it, the year of its inception, has the name on it. i like the uniforms. i think they're flashy, and i was kidding jonathan allen, our defensive tackle the other day, they have a skinny mannequin with his jersey, i said, man, you lost a lot of weight. [laughter] david: well, uniforms are important. i know people that became dallas fans because they like the uniform. i used to love the redskins' uniform, by the way, but that's,
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unfortunately, history in many people's minds. i'm willing to bent you though -- bet you though that somewhere there's going to be some critics who's going to come out and say, commanders, well, that's chauvinistic or whatever. are you worried that might happen? >> i don't think so. you know, it's inevitable that you're not going to please everybody. i think that the organization, dan and tonya snyder, work really, really hard to try to come up with a name that honors the military, honors the city of washington, and i think the fans will get behind it. and this is the simple thing i've said to the fans, give it some time to soak in. david: yeah. >> don't automatically just say i don't like it. walk around the house, think commanders. talk to somebody, say commanders, see how it flows off your lips, but give it a little bit of time. david: well, it floated off your lips a little early, didn't it? you had a little slip on monday in a radio show, right?
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>> yeah, i did. see, this is a clarification, okay? if. david: okay. [laughter] >> i had no idea what the name was, i had no idea. no one would tell me. i called different members of the organization, what's the name so i have an idea. nope, joe, we're not telling you. that was my opinion, my call. but, like i said, i had no previous knowledge, it just turned out to be the commanders, so maybe i looked into a crystal ball, but i have to tell you, people say, oh, you leaked it. how can you leak something you don't know? and for me, i think it's exciting. it's an exciting time for the fans of the washington commanders. david: it is. >> you know, those that were sort of steeped in the history of it, i think you continue -- you can't take away what we accomplished. david: i have to admit, joe, i think you might remember, i grew up in washington, i was a big redskins pharynx now i'll be --, now i'll be a big commanders fan. i have to ask you about tom brady. as a fellow quarterback, when you look at what he did, what
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from a quarterback's perspective can you say about his experience in the nfl and his work on the field? >> well, first of all, he is the greatest of all time. i think you have to, first, make that statement because he truly is. and the reason i say that is because he won in so many different situations with so many different people around him. he was of the central focus point of a lot of, of all the super bowls. you know, there were people that made -- adam vin terry made some kicks, julian edelman made a great catch, different things happened, but if it wasn't for tom, they wouldn't have been in that position. i appreciate his work ethic, his passion for the game. he approached it with a fervor. and spending time with him, getting to know him, he loves to prepare. he loved the game of football. david: yeah. >> and, you know, how many people can sit down and say, you know what? i just absolutely love what i do for a living. tom was one of those guys. david: right. and he loved to come from
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behind. i love that. he had such -- for a nice guy, he had such a competitive spirit. it seemed like he performed best when he was coming from behind, right? >> to be honest with you, he wouldn't with have minded being ahead, i can tell you from a quarterback's perspective -- [laughter] that would have been okay. but you're absolutely right. it seems like when he had to deliver, he did. and that's what i think has separated him from everybody else, his ability to deliver at a time year after year. i mean, 45 years old. good for him. and, tom, thank you -- david: we have to run, joe, but did you ever just look at what he was doing and say how the hell did he do that? i mean, knowing what a quarterback and can't do. >> i did. the most important thing of a quarterback is to have the ability to throw the ball, and he never lost his fast ball. david: hey, joe, only for the president of the united states, i have to break out of the interview because we're going to switch to the president. thank you for being here, joe theismann. as i said before, the president is in new york city meeting with the mayor talking about crime, let's listen.
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>> -- because every time you pin that a shield on and walk out the door, they're worried whether they're going to get that phone call, get that phone call. too many have gotten the phone call lately. and every day in this country 316 people are shot, 106 are killed, and 6 nypd officers have been victims of gun violence so far this year. the same in the town north of me, philadelphia, wilmington, delaware, washington d.c. 64 children injured by gun violence so far this year, 26 killed. it's enough. enough is enough because we know we can do things about this but for the resistance we're getting from some sectors of the government and the congress and the state legislatures and the organizational structures out there. you know, mayor adams, you and i agree the answer is not to
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abandon our streets. that's not the answer. if the answer is to come together, police in communities building trust and making us all safer. the answer is not to defund the police, it's to give you the tools, the training, the funding to be partners, to be protectors and community needs you and know the community. you know -- [applause] police that treats everyone with respect and dignity. that's why i called on the congress to provide cities like and others with an additional $300 million for community policing. you know, where the police interabout with the community, get to know the community, build trust in the community. and i've noticed in my experience when i wrote the first crime bill, i noticed that, you know, i don't hear many communities no matter what their color, their background saying i don't want more
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protection in my community. i don't know, i haven't found one of those yet. and so i've asked the congress to provide $200 million to invest in community violence intervention programs as well. they work. they work. for community members with credibility work directly with people who are most likely to commit crimes or be victims of gun crimes. and they a work. for example, in 2017 the program i'm going to see this afternoon which sends people to the community, in the community to interrupt violence, to mediate conflicts, to des calculate, succeed in preventing single, a single shooting from occurring in this largest public housing development last year. no shooting for a full year. because they engaged directly with the community. you know, i know this is a priority for senator schumer, what you all are doing here. if i hear one more call from him that we need more money for housing and more money for cops, i don't know, i'm going to send
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him back to y'all. [laughter] but all kidding aside, this is a half a billion dollars of proven strategies, and we know we'll reduce crime. congress needs to do its job to pass the budget. every one of these folks here from congress are all supportive. but, you know, it's time to fund communities, community police and the people who are going to protect them. look, as i said, we're not about defunding, we're about funding and providing the additional services you need beyond someone with a gun strapped to their shoulder or to their hip. we we need more social workers. we need mental health workers. we need more people who when you're called on these scenes and someone's about to jump off a roof it's not just someone standing there with a weapon, it's someone who also knows how to talk to people, talk them down. we can't expect you to do every single solitary thing that needs to be done to keep a community safe. it's time to fund community
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policing, to protect is and serve -- protect and serve the community. i'm also calling to increase funding for the bureau of alcohol, tobacco and firearms and the u.s. marshals' office. i'm confident we'll see a reduction in violence, and in next year's budget i'm also going to try to double down on this investment. i think i've got a lot of partners here in new york who are going to help. mayor adams, you say that gun violence is a sea fed by many rivers. well, you know, i put forward a plan to dam um some of -- up some of those streams. you know, you can count on me to be a partner in that effort. and i have the u.s. attorney, united states attorney general here with me today, and we have put together a comprehensive strategy to combat gun crimes in cities like new york, philadelphia, atlanta and many other cities, san francisco. first, we want to crack down on the flow of firearms used to commit violence. that includes taking on and shutting down rogue gun dealers.
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and it's about doing background checks as well as outright selling of, that -- making sure that people or who are not allowed to have a gun don't get the gun in the first place. and, again, this doesn't violate anybody's second amendment right. there's no violation of a second amendment right. we talk like there's no amendment that's absolute. when the amendment was passed, it didn't say anybody can own a gun and any kind of gun and any kind of weapon. you couldn't boyfriend a cannon -- buy a cannon when this amendment was passed. so nobody should be able to buy certain assault weapons. but that's another issue. and, look, one of the things that we've focused on, the attorney general and i, and we're getting to the point where i think we're going to be able to have a real impact on it includes going after ghost guns. ghost guns are the guns everyone in this room knows that can be
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purchased in parts, assembled at home no serial number and can't be traced. and they're as deadly as any other weapon out there. but the fact is they are out there. and, you know, this spring the justice department, this spring the justice department will issue a final rule to regulate these so-called ghost guns. but there's more we can do. across the country police departments report sharp increases in the number of ghost guns found at crime scenes. that's why today the department is launching an intensified national ghost gun enforcement initiative to determine and deter criminals from using those weapons to cover their tracks. if you commit a crime with a ghost gun, not only are state and local prosecutors going to come after you, but expect federal charges and federal prosecution as well. we've also created a strike force to crack down on illegal gun trafficking across state
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lines. as the mayor said and pointed out, guns that have been used to kill people in new york city, they aren't made in new york city, they aren't sold in new york city, they are sold in other places. today the attorney general directed all u.s. attorneys in the united states to prioritize combating gun trafficking across state lines and city boundaries. the justice department is sending additional prosecutorial resources to help shut down what's referred to as you all know the iron pipeline that funnels guns from shops in states like georgia to crime scenes in baltimore if, philadelphia and new york and so many other places. governor, you worked with the mayor and the nypd and nine other states to create an interstate task force on illegal guns. that's the kind of leadership that's going to solve the problem. i'm eager to hear more about that progress. and, folks, second thing i want to point out is i want to help
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every major city follow new york's lead, put together partnerships like this one you put together. every day here in new york city like this meeting today, federal, state and local enforcement meet to share intelligence about a arrests, shootings from the day before and work to take those shooters off the street as quickly as possible. just look around. this was what partnership looks like, and this is what you put together. and it's ab important partnership, and -- an important partnership, and we need more cities adopting the same model. that's why today the attorney general is also directing u.s. attorneys to work with state and local law enforcement to strengthen partnerships like this one and to get repeat gun violence offenders off the street and behind bars. you know, i want more cities and states to use some of the $350 billion we sent to them on the american rescue plan to fight crime and to keep our communities safe by hiring more
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police officers for community policing and paying police overtime and purchasing gun-fighting technologies like the technology that hears, locates gunshots so there can be immediate response because you know exactly where it came from. the third thing our plan calls for, investing in critical services that reduce crime and violence. community violence intervention programs like the one i'm going to see after this meeting, summer school, after school programs for teens. as the saying goes and the teacher taught me, idle mind is the devil's workshop. we've got to have things for these kids to do. jobs for young adults, more school counselors and nurses, more mental health required in school and mental health/substance abuse treatment as well. fourthly, when someone finishes their time in prison, all our experience tells us you just can't continue to give them $25
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and a bus ticket. they'll end up under the same bridge you arrested them in the first place from. and so i don't want them ending up back in prison or being there because they've committed another crime. we need to be able to train for and get a job, find stable housing, reenter society and have a second chance at a better life. my department of labor is funding programs that help formerly incarcerated individuals including young adults receive the education and training they need and then connect them with quality jobs. i'll keep doing everything in my power to make sure the communities are safer, but congress needs to do its part too. pass universal background checks, ban assault weapons and high capacity magazines, close loopholes that keep -- to keep out of the hands of domestic abusers weapons, repeal the liability shield for gun manufacturers. p imagine had we had -- the only industry in america that is
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exempted from being able to be sued by the public. only one. imagine had that been the way with cigarette manufacturers. where the hell would -- the heck would we be? we'd be in tough shape. why gun manufacturers? because of the power of their lobbying ability. it's got to end. end. they've got to be held responsible for the things that they do that are irresponsible. and, folks, you know, it's the only industry in america, as i said, that's exempt from being sued. and i think, i find it to be outrageous. and, folks, these laws we'll be able to pass and we're going to save lives. and equally importantly, help to protect one another and protect yours, put -- yourself, put law enforcement in a safer circumstance. we have an opportunity to come together and fulfill the first responsibility of government and our democracy, to keep each other safe. i want to thank you all.
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there's much more to say, but i probably already said too much because a lot of people are going to speak, but let's get this done. let's get this done. and god bless the men and women who put their lives on the line every single day to keep our community safe. now i'm going to turn it over, with your permission, to the attorney general, attorney general garland. general? >> thank you, president biden. if as the president said -- david: all right. president biden is speaking in front of police officers in new york who have been devastated recently by a number of shootings of police, two officers, of course, were killed. we just had the funeral for one of those officers yesterday. many people saying, suggesting that the president should have been here for that, but he came the day after, and he is speaking at police headquarters downtown. you're looking now at pictures of the funeral procession yesterday marching past st. patrick's cathedral. interestingly, he just took credit for the 1994 crime bill, suggesting that that was something he still felt proud
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of, but there are a lot of progressives in the democratic party who argue that that's not where we should be going, the very people that he was, he was, he's counted on for support for many of his measures are part of that defund the police movement that he now criticizes. our own charlie gasparino's been watching this in particular. charlie, i thought it was fascinating that here you have a city with a district attorney, alvin bragg, who is very much on the opposite end of the spectrum of what the president's 1994 crime bill was all about which was get tough with criminals. >> right. david: here you have a d.a. that many people say lets -- >> alvin bragg, the d.a., and san francisco, the d.a. in live lapo..cagohi wev wer w wer in in yoanoowownow tnhet,t,t, milw keau tkey're a bid ben orte.
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no tt'ha--isn, iften,f n for mbe uoosehoorseoror a et t erc eeded aew a pketicuartirlla that watch - i wast wer latch watghe toleolice eugyes yrday.rday as a sea s of b multicmusea osea ose oeng h avenu ae. yes.anas aaszing thi.... oror him titndndal ab gsss beingei man macantured an t he tun mufacufreuf whe w new york cyoyy tou tesou t n n ls in thethorld, by the way -- david: they do. >> -- in the country. and to ignore that it is progressive policies that he advocates now -- not in 1994, now -- that all these other fellow democrats advocate now, to not bring up that which is causing the massive crime wave in new york. and, by the way, it's not just guns by any stretch of the imagination. people get pushed in front of trains -- david: exactly. >> -- punched in the face in the middle of downtown manhattan. this is really bad stuff.
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the president seems completely oblivious to this. and i'll tell you this, this is what gets me riled up about a -- and i think it should get everybody on wall street and everybody in this city riled up. the business community a couple weeks ago led by the new york city partnership and a woman named kathy wyldeing when bragg announced those ridiculous policies and basically said we're not going to prosecute you unless you shoot somebody. and we know crime goes way beyond that in this city. the business community came down, they held his feet to the fire, and now sources are telling the fox business network they're backing off a, they want to work with mr. bragg. think about that. they're following the lead of governor mow -- governor hochul who wants to work with mr. bragg, a guy who basically gives people get out of jail free cards. this is outrageous. and when i told kathy wylde, when i said i hear you're backing off your pressure. put on the screen, her
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statement. this is outrageous. this is what she said to me: do you care more about demonizing the d.a. than fixing the situation? david: wow. >> we are facing a crisis, and the d.a. has been part of the solution. the solution. we are helping the d.a. gather information. oh, really? like what, crime saw statistics and how many people are getting pushed in front of trains? and cooperation from businesses whose e plos and customers are victims in new york city. david: wow. she represents the businesses of new york and she's say aing that? >> it is outrageous. yes, she represents the biggest businesses. it is an outrage that we have -- and, you know, part of this is crony capitalism, i'm telling you, and here's why: everybody in her, in her organization, the banks, the pe firms, money managers, real estate, they all do business with the state or have some regulation by the state. so some of this is kissing up to kathy hochul and her. but we're beyond the point -- david: we are.
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we're at a critical point. we're at a real critical point here. >> you have a president of the united states that comes to new york and talks about guns at the being committed here go way beyond that, with where we have the toughest gun laws. you have the head of the business community saying let's work with some guy that wants to, essentially, let people out free if they smash somebody in the -- david: charlie, i have to run, but your anger is noted -- >> here's how you know, here's what -- why i'm so angry. i know a lot of cops, i watched what happened yesterday. that was a multicultural sea of blue. they give us the tools, which hochul won't, which biden won't, give us the tools and we'll crack down on crime. and they're the bravest. these guys are the sellouts. david: they put their life on the line every day. it's one of the few things that i just heard from that meeting that rang true. every single day they put on the
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uniform, they're heroic. charlie, thank you very much for that. joining me now with reaction from republican new york congresswoman nicole malliotakis. and the words that rang in my ears as the president was talking, particularly as charlie was talking, is the governor of the state of new york saying we have to give d.a. some slack. like, like the police don't deserve slack? like the people getting pushed into the subway don't deserve slacksome like people just walking to work in the morning don't deserve slack, congresswoman? >> well, you know, we should give the d.a. slack when that d.a. decides to rescind his comments and says that he will, indeed, prosecute crimes. i mean, this is a district attorney who says he's no longer going to seek life without parole for murder, he's going to charge drug dealing with simply as possession at a time when we are seeing fentanyl deaths in the highest cause of death among 18 to 45-year-olds in our
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country. and grand larceny is going to be treated like petty larceny. so, you know, the d.a. should do what he was elected to do, and that is to prosecute crimes. and the governor, if he doesn't prosecute crimes, has the ability to remove him. but the governor has her own issues. right now new york's bail law is really the reason why we are seeing a lot of these illegal firearm as back on the streets. david: right. >> nine out of ten the individuals arrested with an illegal firearm are being return ared to the streets. 50% who actually shoot someone are being released urn the bail law. that is what new york state detectives' union told us during a recent round table that we had over the summer. she's saying she doesn't want to make any fixes. the reality is that needs to be fixed if we're going to be serious about restoring safety in new york. david: congresswoman, we only have 20 seconds, but does she realize, does the mayor realize how close we are to really losing this city? storefront if after storefront empty. i go up and down broadway, any of the major thoroughfares,
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they're all empty, those storefronts. i mean, it's -- crime is one of the main if reasons why, very quickly. >> look, robbery is up, rape is up, assault is up, burglary -- robbery -- i'm sorry, grand theft auto is up. they have to do something to really put the bad guys behind bars, and they have to elect -- appoint better judges too if they're going to get serious about getting our city and economy back on track. david: well, i've got news for the d.a. and the mayor, there is no more slack, period. congresswoman, thank you for being here. we'll be right back. stay with us. n owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. . .
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david: taking it on the chin. bottom of the your screen much. 2 1/2% down. facebook is down 26% as a result of a lousy earnings report. amazon is down 7%. so huge drops in the tech market. our man charles payne is here to take you through the next hour as good or bad as it might be. charles. charles: a lot of work to do here, david, for sure. good afternoon, everyone, i'm charles payne. this is making money. breaking right now as david mentioned the market is taking it on the chin. getting hit from all angst gels. more bad economic data. facebook/meta, dumpster fire of earnings call and excuses. we'll find out what exactly is going on, did they move too late to get to the

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