tv Cavuto Coast to Coast FOX Business February 7, 2022 12:00pm-2:00pm EST
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big tech is down as interest rates rise. you're above 1.9% on the 30, on 10-year treasury. the dow is down. nasdaq, sorry, dow is up 15. nasdaq is down 44. a mixed picture. but we do have solid gains for the cryptos. bitcoin 43,800. david in for neil. did you buy bitcoin for your grandchild. stuart: some ethereum. david: a terrific or no bet at all. appreciate it. welcome to cavuto "coast to coast." i'm david asman in for neil cavuto. germany's brand new chancellor arriving in next hour. some are questioning whether germany is really on our side when it comes to opposing
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russian aggression? ford cutting cord on some of the u.s. production due to the chip shortage. when are the problems and high car prices expected to ease? also a denver business owner is implementing a crime spike fee to help recover shoplifting losses. that is sad. is this fee keeping the thieves away, or keeping some customers away? i will be asking him coming up this hour. but first, to that high-stakes meeting between president based and the germ chancellor as fears of a russia invasion of ukraine continue to grow. edward lawrence has more from the white house. rd ward. reporter: you said it. in an hour the german chancellor will be here at the white house. they will discuss ukraine and russia. you may remember specifically president joe biden removed sanctions on the nord stream pipeline that goes from russia into germany of. now a change of tone we've seen over the 72 hours. bowing to pressure how lenient
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president biden has been towards russian vladmir putin, now saying sanctions will be reimposed if russia invades. senator john barrasso says the sanctions need to be imposed today. >> that is the bigger problem. he needs to choke on swallowing ukraine. it is easier pickings for him my concern china moves in on taiwan and iran moves quick letter to a nuclear weapon. reporter: actions and reactions have global implications related to the crisis. in the markets in u.s., earnings and revenue beat forecasts this earning season. that is true for tyson food's today, the company had 12.93 billion revenue fiscal first quarter, saw quarterly revenue up 23-point% year-over-year. inflation not hurting buying of tyson products. latest "fox news poll" show 85% of americans are concerned about inflation. thursday we'll get the latest
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cpi inflation report. it is expected to be 7.3% year-over-year. >> i would note that the president has been, has taken a number of steps in recent months to address the gas prices, including tapping the strategic petroleum reserve. of course conveying clearly to opec member countries and suppliers it is important to meet the demand on the market. reporter: no timeline given when gas prices will come back down or inflation will come back down. or president's press secretary says we have to pay more for the booming economy and they want to spend more to lower costs. david: certainly not transitory, that's for sure. edward, thank you very much. meanwhile the ongoing chip shortage is now forcing ford to suspend production at more of their major plants all over the u.s., canada and mexico. grady trimble is live in melrose park illinois with the details
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on this. grady? reporter: hey, david, when i talk to ford's ceo jim farley a couple weeks ago he told me expects the chip shortage a lot longer than people originally predicted. there are certainly still problems with getting chips at ford, evidenced by this move to either cut or suspend production entirely at eight of its factories in north america this week. that includes factories here in illinois, in michigan, missouri, mexico and other locations. among the vehicles impacted are extremely important ones for ford and profitable vehicles, bronco, f-150, electric mustang mach e. we reported that ford projects the chip shortage will ease the second half of the year, that the company will increase production compared to last year by about 10 to 15% but they don't expect to be able to produce as much this year as their rival general motors forecast they will be able to. just because this chip shortage could be easing doesn't mean
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it's over, not by a long shot. >> we're still in the teeth of it. you know this has been a lot more persistent than many people have predicted. i think this year will be very challenged for semiconductor availability. we'll have constraints. we're maximizing production of our u.s. production and our most profitable vehicles. that is helping offset the loss in production. but it is a very persistent problem. i would expect it to last through next year. reporter: so through 2023 says ceo jim farley. and of course high demand, low supply that is increasing prices for new vehicles. new vehicles now around 40,500, the average listing price. used vehicles as expensive as they have ever been as well, more than $28,000, david. if you go to a dealership, if you've been to a dealership recently you will notice the lots are largely empty. they have about 1/3 of the inventory in december of 2021
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compared to december of 2020. of course prepandemic, they are just extremely low on vehicles right now. demand for them among the public is still high. so those prices are still high. this news from ford could drive them up even more. david: wow. grady, thank you very much. meanwhile "the wall street journal" writing today that biden's regulatory drive sparks pushback from business lobbyists. a lot of businesses don't like this extra regulation that we're now getting. joining me now is american action forum president and former congressional budget office director doug holtz-eakin. great to see you. thanks for being here. you go through the list of industries affected by all the new regulations, it is the full gamut. you have financial companies, energy businesses of course, health care companies, agricultural companies. a lot of people including my buddy steve forbes thinks that that's what is happening they're trying to regulate the country into a more socialist, or very
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least command economy situation where the government has much more control over the economy than they used to? >> well we certainly saw them get busy right away. we keep track of the costs of regulations at the american action forum and the biden administration imposed over 200 billion-dollars in regulatory costs in the first year. the most expensive first year of any administration since we started tracking them. so they were busy last year. and you know and i know that the bulk of their agenda is can't go through congress. it will not get support from republicans. only way they do it through the regulatory efforts. so i would expect that this year we will see regulation across the agencies on all sorts of fronts, in particular they have named climate change as their number one priority. that would involve regulations very expensive coming out of the epa and the energy department, interior department. david: they already are. >> worth watching. david: they already are crippling a lot of companies, a
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lot of energy companies. we've lost our energy independence because of that. joe biden continues to call himself a capitalist by the way you look what he actually does, who he actually appoints, the agenda, the individuals pursuing that agenda are really anti-capitalists. they had a recent meeting on capitol hill of some of his appointees, nominees, none of whom would say they were pro-capitalists. >> well, we've seen this movie before. we saw it in the obama administration. they finalized a major regulations, something that cost the private sector more than $100 million, 1.1 a day for eight straight years. that is $890 billion, their number, they admit it, $100 billion a year in stealth taxes. this administration is off to a faster start, has bigger plans. that's not a pro-growth, pro-private sector agenda by any means. david: it is more than that, doug. i don't want you to go out on a
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political ledge here but the fact is that it is actively anticapitalist. he has much more in common with the rhetoric coming out of aoc than he does coming out of joe manchin very often. a moderate democrat. let me play, speaking of aoc, spoke about capitalism, her disdain for it a couple days ago. let me play that tape, get your reaction. roll tape. >> to me capitalism at its core, what we're talking about when we talk about that is the absolute pursuit of profit at all human environmental and social costs. that is what we're really discussing. they dictate and can capture governments. that is not a redeemable system for us. david: obviously that is nonsense. anybody that knows history. it is amazing she took any courses at all on economics at boston university, because if you know the history of economics over the past 200 years you realize how many hundreds of millions of people
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have been brought out of poverty, not by socialism, by capitalism, by moving towards a -- as wrong as that is, it nevertheless still being sort of guiding the policies of many of the people in the biden administration? >> yeah. we all know capitalism is the worst system except for every other one. the one system raised the globe out of poverty, produced the largest, strongest nation in the history of the earth. that is the united states. it has got its flaws, we all know that but it is the foundation of our success. it is true that this administration comes with a certain arrogance. you think of the name, build back better, that means they know better than the 310 million americans out there tooking work what the economy should look like. that is never the route of success. it never comes from the top down. it begins from the grass roots level, success building up from there. that is how the private enterprise system works.
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david: the reason the president says he is capitalist, because the american people trust capitalism than socialism. you go back 20 years, the "gallup poll" does this every year, which system you favor, capitalism or socialism. it is always 60% for capitalism, make, 30, 38% for socialism at the most. >> americans in the end are very practical people, they know what works. they want to stick with what works and the goal should be to improve it at the margins where it is not doing as well as it could. that's it. the overreach by this administration i think will come back to haunt them. it came back to haunt the obama administration. they got no growth. they got no economic success. they claim it was new normal except the moment the deregulation hit it went away. we started to grow again. so they are laying the ground work for their own defeat if they continue down this path. david: so will they, will the biden administration, if in fact
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the midterms are a killer for them, will the biden administration move away from this anticapitalist mode they're in right now? >> i don't know but i don't think so. you know, their agenda is built off of administrative regulations. they have undertaken efforts to make it easier to put in place that regulations fail the cost benefit test. they are actively trying to expand the powers of the executive. that doesn't look like an administration that is tentative. it is going full speed ahead. david: doesn't look like an administration that wants to win. because the american people clearly don't want that. doug holtz-eakin, thanks very much, doug. appreciate it. >> thank you. david: some olympians are sounding alarms over horrible conditions that covid quarantine hotels as they're politely being called in beijing. so is the ccp trying to starve out their competitors? more on that after this.
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♪. david: american athletes are racking up medals but criticking contend the u.s. is being upstaged dangerous alliances at the 2022 olympic games. fox news correspondent gillian turn irexplains. reporter: davids as american athletes stepped on the world stage the white house put officials here on tv at home reassure americans because there are no u.s. officials at the games america is not in retreat. so first up to bat was president biden's top ambassador at the u.n. asked whether she can promise to keep american athletes safe in beijing, she said, quote, hopes so. take a listen. >> and we would hope that the chinese would not take any actions but i will be clear that our goal is to make sure our athletes are safe. reporter: someone who did show up at the games is vladmir putin. he is continued to build up of troops along ukraine's border as the games unfold and emboldened by his moment in the spotlight without a u.s. presence there to
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push back, putin struck up a new deal with chinese president xi xinping. both men now promising to take on the u.s. in outer space and cyberspace and here on earth in europe and asia. asked what the biden team plans to do to counter the new alliance, national security advisor jake sullivan offered a pep talk. >> the united states, the west, the free world, we need to believe in ourselves. we need to have confidence in ourselves. the u.s. and the west collectively comprise more than half the world's gdp. russia and china comprise less than 20%. reporter: china's most brazen act thumbing their nose at the world yet since the games began friday, using a uyghur athlete as a torchbearer at friday's opening ceremony. intelligence reports, excuse me intelligence sources report as these games proceed the chinese communist party genocide of ethic uyghurs is continuing unabated in shinzeng province, 1700 miles away from bay
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beijing. david: unbelieve. olympians are raising concerns over unreasonable covid quarantine conditions. we have robert delaney on that. tweets are being sent out. i'm glad athletes have some connection to the internet to get their messages out. but of athletes been unreasonably quarantined in conditions that are really awful. even if they get out they're being so poorly fed they probably won't have the strength to compete. >> david, it's, it does seem a bit strange that we would have such, these kind of reactions from athletes, especially because china really tried to kind of put on a, tried to pull off, create an environment where everyone is as safe as possible but it appears from the complaints from many of these athletes perhaps that emphasis
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on saved comes at the expense of, of some of the athletes in terms of what they're being fed, in terms of level of comfort that they have, so -- david: excuse me for interrupting but what we're looking at on the left-hand side of the screen, keep that picture up there, this is what this one athlete was being fed. the only thing that she said was edible was the plain pasta. as you can see the meat was burned. the sauce was inedible et cetera. it just, and by the way, the woman who received this food, this athlete, i believe she was a russian athlete, she checked out the food other people were being given, snooped around in the hallway, looked under the platters, they were fine. they had vegetables and things that were edible and would keep your strength up. it just appears they're intentionally trying to misfeed these people so that they're not able to compete? >> certainly there appears to be some inconsistency in who is getting fed what there based on
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the social media posts and it is difficult to really understand the dynamics and what is causing that, especially when there is not a lot of access to the olympic bubble. it has been, this closed loop system makes it very difficult to figure out what standards are being applied to which athletes and why. david: we know what standard they use in the ccp. the ccp uses standards that are necessary to win, period, no matter how you do it. that has been their m-o for decades now. the polish athlete was writing about how some of these tests were clearly not consistent, some of the tests for covid. she said positive and negative tests, tests confirming isolation, suddenly positive tests later, good results again. one wonders whether they're using covid tests as means of getting good athletes out of the way for their chinese
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competitors? >> it is heart to -- hard to know without being on the ground with independent epidemiologists which tests are being used and when and how. i guess as long as these incidents, as long as these inconsistent test results keep popping up we'll continue having questions about what is going on. david: we knew that some of this stuff was coming because of the threats, the unbridled threats against athletes, saying if you violate any of our rules which are a mile long about what you can and cannot say, you're going to be punished. they used that phraseology. and yet, nations continue to send athletes over there. do you think that was a mistake? >> to send athletes? i mean that's a question for the athletes themselves, really. it is very, it is very clear that the chinese government has worked hard to control the messaging and, i think that was clear to all athletes and
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delegations going into the games. really that question has to go to them. david: robert, you're a journfallist. when you see the transparency of putting a uyghur as a torchbearer up there, who by the way that particular athlete hasn't been seen much since then, i mean, it's just almost an obscene lie in terms of the way uyghurs are being treated in that country. >> that again, that's a question for anyone who wants to participate. if they feel that that is a violation of human rights or the olympic spirit they have to decide whether or not they want to be part of it. as for the situation that you're talking about in terms of uyghurs in shinzeng, because of the pandemic it is very difficult for inin to get into
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that region. it is very difficult for anyone to understand that particular athlete bearing the torch, how do they feel about the situation? you know we don't have much of an opportunity to interview people like this. david: robert, i think there is plenty of evidence to make judgments about the way they're treating the uyghurs and i think the jury is not out anymore on that one. but thank you for being here. robert delaney. appreciate it. coming up peloton's stock going for a wild ride on reporting reports that apple, amazon and anything key are eyeing a takeover. more after the break. ♪. ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further.
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♪. david: real old song but a great one. sunnier days could be ahead for peloton. the stock off to the races on reports that nike and amazon maybe even apple, are eyeing a takeover. lauren simonetti has the details. hey, lauren. lauren: add disney to the list, david. david: really? lauren: there is a huge push for health amazon is the likely acquirer here. amazon is considering an offer for peloton, folding it into a service for prime. amazon using web services so they do have a working relationship. listen to what wedbush's dan ives says. amazon's interests might force apple into a deal with peloton as a pure defensive flay. apple doesn't typically buy companies. they prefer to grow organically. this situation might be a little bit different. "the financial times" says nike could be weighing a bit here.
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peloton has huge manufacturing base. something nike would be interested in. does peloton even want to sell? the ceo holds more than 50% of shares and may want to rescue list baby instead. shares are worth between4 34 and $36 each. the stock traded as high as 155 december of 2020. it is described as one-time fitness darling. demand pulled up in a big way because of lockdown. this would be a risk for any potential souter here for long term potential. 2 million connected subscribers working out about 16 times a month but that number is falling as the world reopens and competition grows. we'll find out tomorrow. david: it is interesting, a lot of people in my building, i live in an apartment building in new york city. a lot of people got kind of accustomed to working out at
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home walking to the gym as we say here in new york. stuart: lauren: that doesn't grow the base. david: what a fall. we have carol roth and capitalist pig hedge fund manager jonathan hoenig. jonathan, the fall, put it in dollar terms. they were worth $55 billion in market cap about a year ago. they're now worth about nine billion. that's a huge fall. is that all because of the slow ending of the pandemic? >> david, peloton was quintessential work from home stock this, stock took off not in terms of sales but in terms of valuations. as the pandemic ended, zoom was great example. zoom took off at beginning. it has the same trajectory of peloton. not surprising there is rumors of much larger companies picking it up. health is the new frontier, not just the service, integrating
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that, apple has the watch. a lot of suitors could be looking at peloton. from a technical perspective this is a falling knife. average investors should be aware of peloton. david: carol, apple could buy with pocket change from their perspective. they have $200 billion in cash. this would cost maybe eight or nine billion dollars so they could buy it easily. susan li says that's not going to happen, the fact, first of all john foley has so much control over the stock and they like to control everything they buy and this doesn't fit that description. >> yeah, i think you're absolutely right and you have to look at peloton as not sort of a growth business but it is a stand-alone product. we say community and so much more but at the end of the day it's a fitness product and how many fitness products do we know going back to the day of thigh masters, ab blasters, what not,
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have we seen come and go? this is a big bet for a big road avenue for a tech company and whether they can add in other services to actually make it grow or if this just happens to be the latest health and fitness trend that is now going by the wayside, waiting for the next one to come along? david: by the way the other thing susan says augering against a by apple they can make their own bike. they make their watches. they like to make things. they could make a bike as well. we want to switch to another topic. frontier and spirit are merging that would create the fifth largest airline in the country. the question does this have nothing to do with oil pressures, labor issues, mandates? carol, you wrote a book about the little guy getting screwed here, if this does show another example of the little guy not able to survive in the current environment? >> this has been a merger that
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has been a long time coming. you have to remember that the ceo of frontier is a private equity guy. he used to be the ceo of spirit airlines and they have been talking about that for almost a decade but certainly in this, pandemic environment, you have got two stocks that have been struggling. there is now, by putting them together the promise of growth and synergy for investors. it is especially when there are so few airlines out there, a little bit more challenging to compete. this is the story they're telling us. david: jonathan, i love the name, they haven't chosen a name, but frontier spirit, that is the american spirit, the american spirit. a perfect name for a company. but more than that, i love the way, and i know you do too, the way in a free market economy, even one constrained by all the regulations and problems we mentioned, you still have an ability, they can change and adapt and do all sorts of things to make it work, right?
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>> if the regulators let them, david. we haven't had a airline merger in this country since 2016. and to carol's point not because companies have not wanted to get together to be more efficient, it is regulators that kept the entire industry down. this merger is positive, positive for the industry, positive for consumers. as carol said we have four airlines that control about 80% of the entire domestic market. so these companies need to bulk up in order to achieve scale. the biggest beneficiary of all of this deregulation has been the average consumer. since 1980 the average cost for a local flight, domestic flight gone from $600 a flight to $260 a flight. that is because of deregulation. we need more of that in this industry. david: you guys are so good. i could see a podcast, carol and jonathan podcast. you have got to do that, think about it anyway. i would chip in for that one. good to see you both. coming up one denver business owner is implementing a crime
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♪ david: canadian truckers are starting a new fund-raising after gofundme officially cut off the fund-raiser for canada's "freedom convoy." kelly o'grady has the latest on this. hi, kelly. reporter: hi, david. yes, this move by gofundme is causing significant backlash. you have lawmakers calling for an investigation into the company for fraud. you also have twitter critics highlighting the inconsistency of how the company allowed for donations to the chop occupation
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in seattle when that had many instances of assaults and violence. now disregarding all of these challenges the peoples convoy is moving forward. they are not raising through gofundme but the plan is to remain peaceful, but stay in the capital until the federal and state governments and mandates across industries there is roughly a 50, to 60% vaccination of rate among u.s. truckers of 28,000 commercial drivers across the border half of those could be at risk. a cross-border mandate affects a small sector of truckers. manufacturers, port workers, those dynamic trickle down to a workforce already short 80,000 drivers impacting turn around times and driving up prices for americans. it is these broader challenges that inspire the peoples convoy with blue-collar workers are representing individuals that are affected by these mandates, health care workers, educators. >> now, here we are violating human rights every single day
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with these mandates and it is not just us. it is happening all over the world. so i think everybody, i think truckers especially but, a lot of people in the united states and around the world have all finally started to say enough is enough. this is getting out of control and it is time to stand up. reporter: this is part of a broader sentiment we're seeing across the country. people are rising up, seeking to take back their freedoms. the convoy starts next month to share their message, david, of enough is enough. david: interesting story, kelly. some are comparing the "freedom convoy" to seat tell's "chop" zone, if go fund me tweeted in support of back in july of 2020. "the federalist" senior editor chris bedford joining me for for on this. chris, thanks for joining me. chinese communist credit system is like this, you can't operate
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in this unless you're politically correct. gofundme has similarity with that? >> that is exactly right. a chinese social credit system. essentially every single reaction the western elites have had to covid since the very begin having been pale imitations, copies of what the chinese communist have done, locking down cities, barring people from making a living. what they're doing now in china "the new york times" is reporting on this last week, using covid rules they have in order to track and suppress political opposition. that is the exact same thing we're seeing in the united states, in australia, france, canada, the united kingdom. it is absolutely embarrassing. big tech to come in here, saying they will seize the money, funds of an opposition party in canada trying to protest politically and peacefully, that is wild, shows they're on the wrong side. good for truckers. givesendgo, we're working at popped up to get some money. last two days they have raised
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4 1/2 million dollars for the trucker "freedom convoy" to keep them in business. david: i didn't know it was that much. the charge of fraud was suggested by florida, other attorney generals around the country, attorneys general, i always get that wrong. that seemed to really scare them very much. isn't that what made them switch? originally they would take the money, meant for the truckers, by their own rights, whatever those rights were, assume rights, they would give to their favorite charities? >> exactly. big tech has become so incredibly arrogant in their actions. they were openly saying they would steal from these people, steal from the donors, steal from the truckers and give it to their chosen charity. people like governor desantis came forward, hold on a second, you're not doing that. that is called fraud and theft. that is illegal in this country. it will get you in a lot of trouble. givesendgo reaching out to companies like right forge, that servers are they are under
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hacking attack to rye to raise the money. the attacks is beaten off. the truckers are being saved around for right to live. david: the prime minister of canada started the really nasty talk about these truckers, most of which didn't seem to be true at all, suggesting that there may have been one or two idiots and maybe a false flag occasion where people were flying nazi flags or something, of course a lot of people were, a lot of the truckers were suggesting that the vaccine mandates were nazi like, so that might have been a part of it. the point is over the weekend in manitoba, not in ottawa, there was a trucker support group in manitoba that was run down, a number of them were run down, thank god nobody that seriously hurt. amazing for that. little word from that in the national media here. almost no word of it in the national media in canada. why is that?
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>> same double standard that exists here. the mayor of ottawa saying hate has no home here and these truck remembers hateful. in canada in order to go in a department store without a vaccine, you you have to be escd by the staff only getting medical supplies. churches and pastors shut down, people arrested on the highway being a christian. schools are shut down. you're not allowed to make a living. people say i have a right to make a living. i have a right to my own medical decisions. i have a right to cross borders, how would that make them nazis? that is beyond the point of absurdity. david: the wheel idea of vaccine mandates when you see all the vaccine breakthroughs, cases of breaking through the vaccines. you also have an environment in which truckers work that where there is very little exposure to other people. they're contained in a little bubble traveling down the highway. it is not like they're infecting or they could infect other people, coworkers, et cetera.
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do you think that in itself, the absurdity of the vaccine mandates for truckers may end this? >> i would like to see that but we just haven't seen any pushback so far, any reality actually enter into the covid policies of the western administrations. i'm in washington, d.c., where there are 60 cases of covid, but we have vaccine mandates to enter restaurants gyms, swimming pools, concert venues. tough wear a mask wherever you go. people young as five wearing masks outdoors on the playground yelled at teachers. there is no reality to the situation. the transmissibility we've seen since the vaccine come in should undercut the argument for forced vaccination. it has not entered reality of the situation. david: whatever happened to follow the science, chris? i don't know. >> i know. david: chris bedford, thank you very much for being here. appreciate it. >> thank you. david: take a look at this, thieves like these seen on camera stealing 20 high-end bags
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of a louis vuitton store in westchester. the suspects are seen booking out of the store, but what is not seen is security guards doing anything to protect the merchandise or customers. why? we'll tell you why coming up. ♪. 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 matching your job description.
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david: well a business owner denver implementing a 1% crime spike fee to offset what he has lost from shoplifters. owner of sports fans and socem sock emporium derek friedman, good to see you. what a depressing phrase that is, crime spike fee. did you ever think you would be forced to use a meth method look that to control money you're losing from shoplifters? >> i never thought i would do something like this. when you have the losses from shoplifting, break-ins triple in
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a span of couple years, you have to change something. you're losing. employees are losing. we have to change. unfortunately we're implementing the fee today. david: you have said in articles i've seen about your stores, your losses are in the six figures. a big company, duane reade they can absorb to a certain extent those costs but you can't? >> no. a small business like ours really can't. as i said, we have situations where employees have lost bonuses. we missed windows for giving folks raises that we were formally want to dole out and for me personally, went basically two years without taking a paycheck and, just living off of retirement. and so, when you, when you see that level of mid-just walk out of the door because that is what criminals are doing. they walk in, grab something they want, and walk straight out of the door, you have to draw some light to it. i really appreciate the
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opportunity to chat with you and other folks about this fee that we have to implement because, things just aren't changing. we've got a revolving door with criminals getting arrested and just walking right out. david: you know you're not alone. we talk to business owners all around the country having the same problems. the people who are stealing, they feel like there is no repercussions what they do, they can get away with it, do you get that sense? >> there is complete impunity, basically. we've got situations where someone will grab a jacket and employee notice they're walking out with it, take the jacket back. that person turns around, goes back to the back of the store again, grabs another jacket, doesn't care about the size, who knows what they will do with it, they just don't care because the employee is calling police as that is happening. they walk right out with it. david: have police ever tried to
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encounter these people, do they get there in time? >> we haven't had a situation where you know, they're responding that quickly. unfortunately police are doing the best that you can, when politicians are changing the laws about you know, bail and, whether or not folks are being held long term for, for these kinds of crimes, then, you know, you just end up in a situation where, like our mayor said last week, that, they have got a revolving door of criminals coming in, walking out within the next half hour. david: i spoke to a business owner last week who disliked the term shoplifting for all of this, this is really organized crime. these people not only do they operate together, but the stuff that they sell to is handled by fencers who know how to move it and his focus is now on, getting the criminals who buy, because it's a criminal act to buy stolen goods, are you trying to do that? >> you know, i would love to get
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connected with that person whoever is, you know, going up the chain to find out who is you know encouraging these folks to walk in our store and grab, you know, walking in with a bag. they will throw a bunch of stocks into a bag. then, you know, point a pipe wrench at our employee and walk right out. so to your point, there must be a situation where, they're fencing all of this stuff and you know, would love to be able to move up the chain. david: the person we talked to is in california but they're doing it all over the country. so that is the area which a lot of law enforcement will focus attention now, if you cut out that end, that might dry up some of the so-called shoplifting. derek, good luck to you. i know it's a tough time to be in business, but best of luck to your business, i appreciate it. we'll be right back. stay with us. >> thank you.
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and it's easy to get a quote at libertymutual.com so you only pay for what you need. isn't that right limu? limu? sorry, one sec. doug blows a whistle. [a vulture squawks.] oh boy. only pay for what you need. ♪liberty, liberty, liberty, liberty♪ ♪ ♪ david: well, germany's brand new chancellor, olaf schultz, set to meet with president biden at the white house in about half an hour amid criticism that germany is failing it obligation to help ukraine resist russian aggression. more on that in a couple of minutes. but first, inflation continues to hit consumers at all levels. madison alworth is here with the latest headlines. good to see you. >> reporter: yeah, you know,
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it's a new year, but inflation is set to be at decades-long record highs, new numbers this thursday for the month of january. and it is expected to hit a 7.2% increase. that would be higher than december, and the highest rate of inflation since the summer of 1982. categories that continue to spike include energy and cars while certain food items also continue to rise in price like beef and bacon. bacon. another victim to inflation, the most important part of guacamole, the avocado. the favorite green fruit -- it is a fruit -- is up to its most expensive price in over two decades. a roughly 20-pound box costs over $26. avocados do usually see a price surge in the weeks before the super bowl, very popular food item, but other factors are contributing this year including labor shortfalls and higher production costs. even still food companies are betting that americans are going to pay extra for that guac,
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could be a fair bet considering americans eat more guacamole than ever before. consumption has doubled in the ten years through 2020. we see it, we like it, we want it, we buy it which is not only an arianna arianna ariana grande lyric, but what chanel hopes americans do. the small classic bag has always been a luckily item, but prices have jumped from $5,200 in 2019 to $8,200 today. three price hikes this 2021 really testing consumers' willingness to pay for that item. the strategy though, even though those numbers are crazy, the strategy is not new. luxury companies will capitalize on surging demand to reposition their brands as even more exclusive. and as you can tell, even more costly. but, you know, when it comes down to it, if you have to choose between the avocado and the purse, i'm always going to
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go for the guac, david. [laughter] david: what are these bags made of? are they made of gold? $8,000? >> reporter: it's the brand. david: thank you very much, madison. with build back better on the back burner, democrats are focusing on a stopgap bill to fund the government. fox news congressional correspondent chad pergram is live on capitol hill with what he is hearing. hi, chad. >> reporter: well, funding expires next friday. congress has failed since october to limit a full spend anding plan for the rest of the fiscal year. this means congress may need to approve a third interim bill. the house votes tomorrow on a bill expected to run through mid march. >> i'm a great critic of the congress not getting its work done on time. we could pass a, an omnibus in the house but, of course, the senate is 50-50, and you need republicans and democrats to
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cooperate. >> reporter: here's the problem for democrats: stopgap spending bills simply reup old money. democrats are unable to put their stamp on federal spending. also on capitol hill there's a move to create a union for aides who work in the house. >> the people who make the laws can't hold ourselves out as an a exception to that. that's really hypocritical, to me. and so if my employees, a clear majority of them came to me and formed a union, ill recognize them. i would recognize them. >> reporter: aides in each office must decide if they want to join a union. the effort is a long time coming. >> you get what you pay for. you don't want people who don't know what they're doing, right? there's a reason that you want to have people who are experts or who can become experts, that you want people who are motivated to help you. >> reporter: there's some criticism of democrats for preaching about workplace fairness elsewhere but not
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helping their own staff. david? david: chad, thank you very much. well, leaders in blue states being called out for failing to address crime spikes around the nation. rich edson has the latest on what's really getting done. >> reporter: hey, good afternoon a, david. republicans say this upcoming election season they're focusing on the economy and crime given the surge in violence in cities across the united states. the latest fox news poll shows more than 4 in 5 voters are at least very concerned about higher u.s. crime rates, an issue second only to inflation. the same survey shows republicans are preferred on crime by 15 percentage points, and that has republican candidates for governor arguing they can win in heavily democratic states like illinois and minnesota. >> remembers those iconic photos of minneapolis and st. paul burning, businesses being recented, people murdered -- looted, and that propelled me and inspired me to get into this race. >> we keep doing the same things
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we've been doing, the same exact way and expect a different result. we all know what that is, that's insanity. we've got to change the way that we're, our policing and addressing crime in underprivileged communities in our state. >> reporter: democratic illinois governor j.b. pritzker's campaign says his latest budge proposal boosts funding for the state police. minnesota governor tim walz, also a democrat, says he's committed to adding to youth intervention. the president says he's against defunding the police and that his administration is focusing on ways to seize illegal guns. republicans for national office say they also plan to focus on crime for the upcoming midterm elections, though it's unclear if crime and the other issues that polls show favor republicans will be enough in states that have traditionally and overwhelmingly voted for
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democrats. david? david: thank you very much. well, as democrats begin to pivot on crime, president biden is retooling his economic to-do list as inflation overshadows his agenda. but crime is definitely a part of what they're looking at in the midterms. joining us now is fox news political analyst gianno if caldwell and richard a fowler, we've got a lot on our plate, gentlemen, so let's start with crime. gianno if, i was amazed when i heard president biden last week here in new york talking about crime with the governor and the mayor and and so forth, bringing up his 1994 crime bill as something that a he wases proud of that showed that he was tough on crime. that's something he was running away from, even apologizing for back in the campaign for the presidency. were you surprised that he was sort of resurrecting that very tough, i think it's fair to say, crime bill of 1994? >> i was extremely surprised, honestly, and i wrote about it in a piece with the new york post which i encourage people to
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read. the truth of the matter is when we're talking about crime, sure, joe biden -- especially before he ran for president, he would call it the biden crime bill. and if then he began to apologize to members like black lives matter and others talking about some of the things in the bill which led to mass incarceration in a number of areas, especially among folks in the black community. the truth of the matter is that black folks are souring on joe biden. i'm sure my friend richard fowler can agree. folks are asking what's in it for me, especially since they were the ones who saved his candidacy. now joe biden has a bigger issue on his hand because the midterms are around the corner. inflation is insane. poor people are the ones the democrats say they care about, they're spending thousands of dollars more. mcdonald's increased their prices by 6%, gas is up. it's a disaster for the democratic party, and they're looking to do whatever they can to try to pull back some of that, some of those votes that they're going to lose in this
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midterm election. david: richard, i just want to focus on the prosecutor issue because even if you have people like eric adams, the new mayor of new york who's tough on crime, he's a former cop himself, you're still stuck with these prosecutors in l.a. and new york and san francisco, chicago and milwaukee -- >> yep. david: -- these very soft on crime prosecutors who let criminals out far too early, most people would agree. how are democrats going to deal with that issue, richard? >> well, i think there's a couple of things that we can do to deal with these issues, and if you look at the reporting, where you see crime going down is in st. louis. the mayor of st. louis, one of -- was once the most deadly city in the country, and now homicides are down 20%, crime is down about 10%, and the reason is jones is doing exactly what democrats should be doing. number one, she's putting clinicians with police officers in high crime areas. number two, she's hiring interrupters to help people in
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community before it gets to gun violence. and number three and more importantly, she's working with her police department to solve cold cases. so if a murder happened, she's on her police department saying we need to solve these crimes as fast as possible. that's a model that should be mimicked around the world -- around the country by other mayors because what we're seeing in st. louis are actual results. david: you know, i- gianno, and we are interested in results. we don't care or what side of the aisle it's on. i'm so glad that it's working in that way. but, you know, the fist thing that richard suggested is something that mayor giuliani did in new york city back in 1993 and '94 which helped turn this, our situation, particularly the homeless. he'd send police with social service workers together to go to each homeless person and say, look, you've got several choices. if you have a drug addiction, if you need a job, if you need a place to stay for the night, the social worker will help you get those things, but you can't stay here. sending prison with social workers in difficult situations
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does often work. that's solutions that, again, i don't see how those solutions are going to mesh with these radical prosecutors who let criminals out. >> or as an example in the city of chicago, cook county, 25,000 felony cases including murder, rape and so on were dropped because of the cook county prosecutor there. you know, i'm interested in the data in which richard just mentioned. i'm not familiar with this. i would love to take a deeper look in there to see what the long-term results are there and certainly insure that they're not not counting incidents just to make their numbers look good. that's a consideration. i don't know if it's true or not, but that's something i would want the gauge in that sense. but, yeah, i agree, something has to be done about these county prosecutors. i think joe biden should have used his platform to point directly and specifically to people within the democratic party that are district attorneys who are letting people out because it's obviously going to have a great impact on the midterm elections.
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you think about the suburbs, how they swung back around in the 2020 election, and it was in part because of the crime surge. so these are things that they really need to take a close looked at especially -- david: now, hold on a second, richard. i know you want to jump in, but i want to switch to money, and it is related to all this because sometimes the answer is not money. giuliani actually spent less money, he reduced the budget of new york city when he was dealing with the crime situation very successfully back in the '90s. the president is talking about money, you hear a lot of other people -- even with all the money that came from covid relief to cities, particularly blue cities. it really is a situation where money is not necessarily the answer, is it? >> well, no, money is part of the answer, but it's also about smart policy, right? david: yes. >> st. louis is not the only place where you're seeing change take place. look at louisville. right after the death of bionthat taylor, her family
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worked for a settlement there that incentivized officers to live in the community where they worked. police live in the community, it's going to increase trust. and number two, when cop cruisers are parked out in high crime neighborhoods because they live there, that's also a deterrent to criminals. so there are a lot of really, really smart solutions that could be put out there, but what we should be talking about is how we get there and what washington can do, both democrats and is republicans, in a bipartisan way to make sure that states and localities have the resources they need to get these policies -- david: honestly though, gianno, i don't see washington as being the answer to all this, do you? i mean, i see it as a local -- all these local initiatives are wonderful, and thank god we're doing something about it finally. but it's, do you really see the solutions coming from d.c.? >> well, i mean, i don't see it in its current state, no. but washington should be an answer, that's why you elect members of congress and u.s. senators to go out and speak on behalf of your state and your
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local jurisdiction, absolutely. but, you know, i'm going to agree completely with what richard said in his last point, especially with police officers living in the community where a lot of this crime is going on. and it allows people to really get to know those that work there so you don't have a lot of these extreme situations where people are being shot and killed when it was preventable. so that's good. but, yeah, d.c., there's going to be a telling as to what occurs in this next midterm election, and i'm beginning to see politicians on the left and right kind of change their tune from what we've seen the last year. so we see biden changing his tune on crime, we see other democrats doing that as well, but we want to see solutions. that's what's been missing -- david: richard, you've got about 15 seconds. go ahead. >> sure: and i think a great example where washington can help is we can see in minneapolis right now where somebody who was shot because of a no-knock warrant. there's been a bill on capitol hill to ban no-knock warrants all across the board, and that's how they could help.
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here are some standards that we believe could work no matter where you are in the nation that could increase trust and also work on decreasing crime. david: you've got to focus more on protecting the innocent and less on protecting the guilty. that's the bottom line. gentlemen, great discussion. >> thank you. u.s. officials telling fox that russia has in place nearly three will have waters -- three-quarters of the forces needed to invade ukraine. we'll go live to kyiv after this. ♪ ♪ cool ♪ ♪ breeze from the air ♪
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♪ david: russia is bolstering forces as the white house is warning an envegas of ukraine could come any moment. fox news correspondent steve harrigan is live on the ground in kyiv. steve. >> reporter: david, as this massive russian buildup nears completion, it's clear that president putin has a range of options to choose from. no one's sure what he's going to do, but they include anything from deescalation to a full scale assault across ukraine. if he chooses the latter, russian forces already number more than 130,000 along three sides of the borders, and u.s. intelligence officials say a massive assault across ukraine could take the capital here in just 72 hours. now, if it is a full scale
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invasion, those -- some of those numbers are really sobering. the -- they could end up with as many as 50,000 civilians dead, 25,000 ukrainian military dead, 10,000 russian military dead and up to 5 million ukrainian refugees. now, when you talk to ukrainians here, many of them for generations have real close cultural and family ties to russia, and we spoke to a man named igor who just appeared to be stunned by the size and scope of the threat his country faces now. here's igor. >> translator: now when we think about russia, the word that comes to mind is fear. >> reporter: so i gore's grandfather actually was a decorated war hero for the red army in world war ii. pretty soon igor, like many ukrainians, could be fighting against the same country that his grandfather once fought for. david, back to you. david: steve, you mentioned those frightening statistics that came out over the weekend.
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the casualty list, if there is a full scale invasion. are the ukrainians you talk to ready to go to the streets realizing what the odds are against them? >> reporter: you know, you do get a lot of tough talk, even some of them training with wooden rifles saying they're going to fight to the last man, but it seems like the odds are simply overwhelming. and keep this mind, western leaders have said they will not put boots on the ground here in ukraine, so they're largely on their own. they get weapons but no help with boots on the ground, david. david: steve, thank you very much. steve harrigan. so should he today or should he go? the ceo of spotify speaking out about joe roganful we'll tell you what he said right after this. ♪ ♪ i'm so glad we did this. i'm so glad we did this. i'm so glad we did this.
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throughout history ask your doctor about once-daily trelegy. i've observed markets shaped by the intentional and unforeseeable. for investors who can navigate this landscape, leveraging gold, a strategic and sustainable asset... the path is gilded with the potential for rich returns. ♪ david: so bitcoin extending its recovery over the weekend,
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climbing back over 42,000. it's now over $44,000 at this moment. despite growing unease over crypto regulation, and there's a lot of talk about that that. charlie gasparino goes beyond the talk into what actually might be done about all of it. good to see you, charlie. thanks very much. >> thanks, david. another crypto to look at, and i think this is particularly important one to look at because it'll, it says a lot about where crypto regulation is going is the xrp if, it was crated -- created by the founders of ripple. ripple is a blockchain system that essentially allows you to do cross-border payments seamlessly fast. it could be replacing a system that we have now that useds regular currency. the sec has sued ripple saying it paid for the buildout that was not registered with the sec. that case is huge. and here's what's interesting
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today. xrp is ripping -- [laughter] to coin a phrase here, and, you know, it's up like, i don't know, it's up like 20% today. no one can really figure out why other than as cases move if forward, john deaton, a lawyer associated with the case, tweeted out some stuff about the discovery, that it really didn't hold much, not much there. so i think what's going on here is you see the market betting on this case. i will say this, david, if the sec loses the xr are p case, you could see xrp rip and bitcoin rip because that'll be an indication to the markets that the government cannot regulate broadly the crypto business. so just keep an eye on this. the other thing to keep an eye on, of course, is a white house report on cryptos and what, how they should be regulated. that's coming out. we keep hearing imminently. that could have an impact on prices, particularly on xrp if
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the government broadly says bitcoin is okay as a security, doesn't need to be registered, we give out our blessing but nothing else is, you could see ether, xrp fall, and some people are suggesting that could be the case. so a lot of stuff going on here. the you're looking to trade crypto, buyer beware. there's all sorts of conflicting stuff out there, and no one has a clue exactly what the government is going to do with this new report. but it should have some impact on prices, we're hearing. david, back to you. david: charlie gas pro know -- gasparino if, thank you very much. silencing is not the answer, so says the ceo of spotify speaking out about the joe rogan controversy. ashley webster hat the latest on that. >> reporter: hey, david. goes on and on, does it not? first, it was claims of covid misinformation, now outrage over protaliban's use of a racial slur in -- rogan's use of a racial slur. spotify's ceo telling employees over the weekend he was deeply
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sorry for some of the content in a memo sent to workers and obtained by fox business. he says he has spoken with rogan about his history of using racially-insensitive language saying in part, quote: while i strongly condemn what joe has said and i agree with his decision to remove past episodes from our platform if, i realize some will want more, and i want to make one point very clear: i do not believe that silencing joe is the answer. now, rogan himself apologized again on instagram this weekend. take a listen. >> i do hope that this can be a teachable moment for anybody if that doesn't realize how offensive that word can be coming out of a white person's mouth. my sincere and humble apologies. i wish there was more that i could say. >> reporter: well, at last report spotify had pulled some 113 episodes of rogan's podcast, many of them, by the way,
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recorded before the controversy over covid-19. new york's top pension official is also asking spotify for more information about a its content policies. the state controller oversees funds that holds spotify shares, so that's why there's that interest. and one final development. the conservative video streaming platform rumble says it is offering rogan a $100 million deal to leave his exclusive contract with spotify and, they say, to come to their place to enjoy what they call a workplace with no censorship. there's always a new development every day on this story, david. david: well, the man is in demand. it's a nice position for joe rogan to be in. >> reporter: he is. yeah. david: ash ally, thank you very much. reaction now there fox news if contributor joe concha. joe, how do you think spotify's been handling this? he is a hot commodity, as you just heard, somebody wants to give him $100 million.
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do you think spotify's handle it well? >> well, david, first, let me say to the folks at spotify or rumble, this joe is willing to take -- david: i figured that was coming! [laughter] if. >> i will take 10%, gladly sign off on that -- david: god bless you. >> how have they handled it, very well, quite frankly. i think they've danced this line where, look, for the ceo to say that we shouldn't cab sell joe rogan -- cancel, that more speech is better than less speech in these situations, that's the answer that you have to give here. you have to stand up for your platform. and let's make no mistake, by the way, because the folks at home, i think, are acclimating themselves to joe rogan. people who have never heard of this guy before are suddenly tuning in and listening. he's the biggest thing to hit the airwaves since rush limbaugh and howard stern. and rogan has 11 million
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listeners per day on spotify. just put that in perspective. cnn, which is a major international brand with thousands of employees, is averaging less than 500,000 viewers per day. amazing, right? so now if you cancel rogan, then maybe somebody on fox news or fox business is next or somebody from conservative radio because of what is deemed to be the wrong speech, right? that's not how speech works. even on covid. and rogan brought this up as an example. you got bannedyou even brought up the fact that covid could have come from a lab in wuhan china. that's looking more and more likely. there was even a play guy for the sacramento kings who was once asked by a prayer about black lives matter, he said, look, i think all lives matter, and the guy lost his job. that's where we are at this point. you have to stand up and say, look, we're not going to back down here, and spotify appears to be doing that. david: you know what kills me, joni mitchell who wrote ballads
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about woodstock and this is the generation of freedom, neil young did the same when, in fact, what joe rogan is advocating is freedom. freedom to say what you want to say, to do what you want to do without the government telling you to do something. there's nothing wrong with getting a vax. the government fanning it, that's -- demanding it, that's what he is against, the government demanding you to do something you don't want to do. that used to be a cause that these people would fight for, at least write songs about. >> i believe neil young had a song, and this is before my time, called rocking in the free world, right? david: that's right. >> and let's be clear about something, by the way, okay? as far as rogan's use of the n-word, i've never said that word in my life. no one condones that in any way, shape or form. he was saying it in the context of talking about how comedians had used it openly like redd foxx or lenny bruce. so i think context is important
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this these situations and, again, he's apologized for it. david: yeah. the attacks against it began before even those were known about. i want to switch gears to the olympics because you had this awful case now where some media are actually running cover for the chinese communist party. there's a northwestern university journalism professor named j.a. adonde who was asked friday about the united states complaints of human rights in china. here's what he said, roll tape. >> who are we to criticize china's human rights records when we have ongoing attacks by the agents of the state against unarmed citizens, and we've got assaults on the voting rights? so sports, i think it is possible, and it's necessary more than ever to just shut everything out if you are to enjoy the actual games themselves. david: so who are we to criticize with all of our problems the chinese communists interring about a million
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uighurs. i don't know where we have our million dollar concentration camp, do you? excuse me, our million person concentration camp. go ahead. >> million person, yeah, exactly. so he's comparing slave labor and the uighurs to voting issues that we have here in the united states. j.a. adande is somebody who does not support voter id. three-quarters of americans do, however, including a majority of african-americans. you want to get into an espn building like where he works? you have to show id. so this is the problem. espn, you can't tell the difference between that and "the view" and msnbc at this point, and i believe that's not the escapism we used to get from watching that once-great network where now if you spout a liberal opinion, you probably get promoted while conservatives on that network have been eliminated because they've shared their political views because, again, it was the wrong speech and not the approved speech that espn heard and,
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therefore, they had to go. that's a big problem. david: but, you know, it's beyond liberalism. i think it's into a different realm of where you have these corporations working with the communist party in support of rather than as a critique of. and it's just -- it seems like a coordinated activity. maybe i'm being too conspiratorial. what do you think? >> no, not at all. look, he's a professor ask teaches journalism at -- which you can make the argument is the top journalism school in the country, right? if you want to take syracuse out of there, i suppose. but now that's another school, david, that i have to check off as far as cameron and leah where, my daughter and son, are not going to because if this is the stuff they've got to hear, it ain't happening. i'm down to, like, eight schools at this point to i void -- avoid them being brainwashed. david aired thank god i'm through with that period of my life. joe rogan, good to see you --
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call the number on your screen. - these letters show why aag has such a high customer satisfaction rating. "i feel so much better." "it's like a savior to me." so you wrote this. - yes. - thank you, edna. - [announcer] don't wait. see if a reverse mortgage is right for you. call now, the number is on your screen. david: well, the cdc is considering increasing the time between vaccine doses -- of heart inflammation which has happened in certain circumstances. st. joseph's institute for autoimmune diseases director drg us now. thanks for being here. haven't you been add -- [audio difficulty] for a while? >> i have. david, i have said that. we would prolong or shorten, actually, they shortened the
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time from the last shot to the booster because of neutralizing antibodies decreasing. and now there may be a fourth shot for those who are immunosuppressed. but basically, this virus seems to be waning right now. david: so why bother focusing on boosters at all? is why not think of the time when maybe it's either gotten out of our system, our community or, in fact, it's is so mild that it's not something that we would necessarily need constant boosters for? >> well, the booster shot was supposed to be more directed towards the omicron variant which it seemed to have some effect on. however, those above the age of 60, 65, the idea was to give their immune systems a little extra boost. and now with the fourth shot or the second booster, the idea is to give those who are immunosuppressed, on chemotherapy or with autoimmune
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disease an extra, added zap so they are fully protected chg but you're right, it may not be necessary. david: a lot of people are concerned we may be overdoing it with pearces that, in fact, perhaps it has a negative effect. perhaps our body adjusts to it in certain ways that we'd be better off -- i mean, you wrote a book, "immunity strong," which is all about building up your natural immune city. that's -- immunity. that's a part of medicine that the cdc doesn't seem to get. >> well, it's extremely important. and we all know people out there even within the same families who do not get this viral infection despite the fact that all their relatives have been infected and they've been in close contact. so natural immunity is really, really important. and i dare to say that a we're going to see more going forward with vitamin d, vitamin c and zinc as far as providing some additional protection against this virus, which is waning. david: and, again, there's natural immunity which is
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something that cdc just came out with new stats on omicron. they didn't have anything on natural immunity. they had vaxxed and then unvaxxed but not a separate database on natural immunity. i think that's a mistake, don't you? >> i do. i think natural immunity is probably stronger than even vaccination-induced immunity. but that varies from individual to individual, david. you know, your genetics of the mihm -- immune system really play a major role here. david: which is why one size doesn't fit all. that's what we keep saying, again, with these vaccine mandates, individuals should be allowed to make decisions about their own cases or the cases of their family, and cdc and these mandates don't give you that choice. i've got to move on quickly because you've got a whole bunch of governors, the democrat governor of delaware, john carney if, coming out and saying they're going to end mask mandates. is that the right decision at the right time? >> that is the right decision right now.
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mask mandates are being removed in new jersey and in delaware and probably other states as we speak. david: what good -- you know, we just had this major study from johns hopkins saying that the lockdowns themselves, which dr. fauci had at one time saved millions of lives, didn't actually do that at all. it was very overhyped. is history going to look back on this era and wonder how the hell could they have gone with this mask mandate for so long? >> well, you're probably collect. i -- correct. i mean, the lockdowns were fruitless, they didn't produce any protection opinion except for maybe a bar or saloon. i think the decrease in mortality was something like 10%. but that's okay. i think that this overuse of the lockdowns and, to of course, mask mandates probably had a role to play when we had the delta variant, but right now it's probable just overkill. david: yeah. there's not much new york stock exchange it -- flexibility when
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it comes to government regulations or mandates. dr. bob, thank you for being here again. well, stacey abrams, talk about masks, facing backlash over he were mask -- her maskless photo with masked school children. reaction from a vocal parent still ahead. ♪ ♪ i need your love ♪♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.
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david: well, the new virginia governor, glenn youngkin, fighting back against a judge's ruling against his mask-optional mandate. david spunt is at the justice department with the latest. >> reporter: good afternoon. so governor youngkin is fighting to drop this mask mandate that was put in place by the virginia general assembly last year. more on that fight in just a moment. within the last hour, new jersey democratic governor phil murphy announce announced he is dropping the mask mandate for students across new jersey effective march pth. -- 7th. he says it is possible that local ticket cans will make a different decision, but opposite sides of the spectrum, they are in agreement that making masks
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optional in schools is the way to go. if students or teachers want to wear a mask, great, but they are giving the choice to parents to make that decision. a judge in arlington, virginia, just outside d.c. felt differently and told the court that she was pulsing a stop to governor youngkin's executive order giving parents a choice. the judge ruled in favor of seven school districts that sued governor youngkin arguing that that state law passed with by the general assembly requiring masks outweighs the governor's order. the judge wrote in part: keeping rules in place that have been established over the school year helps children, families and staff how they may be impacted. a spokeswoman for the governor wrote, this is about what's best for their kids' health, and who can best make that decision. we are going to appeal, this is just the first step in the judicial process. last week governor youngkin was at a northern virginia grocery store touting his eliminate nation of the grocery task when his mask choice caught up with
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him personally. a shopper heckled him for not wearing a mask. listen to this exchange. [inaudible conversations] >> reporter: read the room, buddy, from that shopping patron to governor glenn youngkin. again, the youngkin team is appealing. governor phil murphy making that announcement today with your previous guest, this also is the same case in delaware and perhaps more states will be lowering those mask thresholds in schools. david: read the room, buddy. [laughter] david, thank you very much. joining me now with reaction to all of this is fight for schools' executive director and former doj deputy director of public affairs ian pryor. thank you for being here. you know, when i heard the he canler -- heckler of the governor, i thought back to a tweet that was sent out in early february that you took a screen shot of and retweeted it out of
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some loudon county officials who were all for the mask mandates who were at a very joyous dinner back in early february. all without masks. so -- [laughter] you know, nobody's reading the room, to you will. >> yeah. you know, i think it's pretty interesting what you seeing here. i mean, governor youngkin goes into a grocery store that has an option almassing policy, and he chose not to wear his mask. meanwhile, you have here in loudoun county a masking mandate at school. you have these local state representatives and state senators out at a bar, restaurant taking selfies with no masks. you've got a professional football player that came to visit one of the high schools here taking selfies, he's got no mask, everybody else is masked up, you've got the superintendent looking on happy he's got somebody from the washington commanders here. the hi pockily city is just absolutely unbelievable. we saw it yesterday with stacey abrams sitting in a room full of masked children.
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david: oh, yeah. >> it just dose to show how arbitrary and capricious these mask mandates -- david: and how cruel. exactly. it's so cruel to object to kids who need, you know, who need oxygen, who need some kind of contact as they're learning social skills with people to see how mouths move to form sentences, etc. and they can't do it in the classroom amongst themselves, but then stacey abrams comes in maskless, it's really atrocious. >> it really is. and, hopefully, we get through this with some good legal rulings. we talked a little bit earlier on the show about the article aing taan case -- arlington case, but there's a case here in loudoun county where parents have brought a case against the schools trying to get rid of the mask mandate based on the governor's executive order. the attorney general's office is moving to intervene in that cause. and literally just within the
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past our -- hour or two the supreme court in virginia dismissed a chute by parents in chesapeake trying to insist that their school board enforce the mandate. just because of this senate bill you have, you can modify the cdc requirements based on the, you know, the will of the community and the need. so i think we're going to see some clarity in the law very soon here in virginia. david: well, and you already have democrat governors in new jersey and in delaware suggesting that in early march they're going to end the mask mandates that they have for schools as well. so it's happening all over the country. i think the courts have to catch up with where the people are on this issue. ian, great to see you with, thank you for being here, appreciate it. please come back and see us soon. meanwhile, oil retreating from hitting a seven-year high amid russia and ukraine tensions. there it is, it's down about 1.5% today, but it's still over
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two stocks a are a sign of this. peloton up 20%, as a result of questions who will take it over if anybody does decide to buy it. on the other side you get facebook or meta as it is now called, down again another 5%. that stock has really been taking it on the chin over the past week. it looks like another down day. may be news over in europe. the man who can tell you about all of these stocks and more, joins us now, charles payne taking us through the next hour. how are you doing, charles. charles: doing great, david. appreciate it. good afternoon, everyone, i'm charles payne. this is "making money." breaking now is the winter of discontent over for growth stocks, bitcoin, even inflation? street still worried about the fed and perhaps a major policy mistake. meanwhile the market once again becoming a coiled spring, folks. holla at your boy. i bought some bitcoin, now what do i do? i am in luck i have i get to ask one of the
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