tv Cavuto Coast to Coast FOX Business February 9, 2022 12:00pm-2:00pm EST
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their side. this preference increase with age and body mass index. of course. of course. ashley: bigger you get more you go to the side. stuart: i don't know where they get these questions from, i really don't. that was the easiest question we've had in a long, long time. ashley, thanks for a great performance. see you again tomorrow. jackie deangelis in for neil today. jackie: fetal position when you end up on your side, i'm jackie deangelis in for neil cavuto on cavuto "coast to coast." we have the latest on what the president plans to push when he meets with energy industry leaders today. san francisco officials now asking residents, get this, to house the homeless in their own homes. reaction from "new york post" columnist michael goodwin coming
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up. why facebook's huge stock slide could mean it is sliding out of trouble with the regulators. we'll discuss that coming up. but first president biden said to meet today with utility ceos to come bat inflation as energy prices continue to hit records. mark meredith joins me from the white house. hi, mark. reporter: jackie, good afternoon to you. whether you fill up your gas tank or pay your electric bill the costs are up. the white house believes the way to bring costs down for americans is the "build back better." that is massive spending proposal not even some democrats support. the president will have a chance to meet with ceos of several electric utility companies, pleading his case to these guys, including heads of excelon, southern company and duke energy. the white house argues its spending plan would transform the power grid as we know it today, while also addressing climate change. we heard earlier from the president's top economic advisor. he was on cnn earlier today.
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>> if these issues we're talking about are core economic issues we can provide relief directly to american families. we can do sew without increasing inflationary pressures, increasing deficit, likely reducing deficits across time makes a lot of sense. reporter: republicans argue it doesn't make sense at all. that the president's current energy policies are creating chaos here at home, causing americans to pay more for everything. look at senator bill cassidy. >> a year ago the united states had energy independence was able to supply the rest of the world as swing nation. now our president is governor developing with opec to increase production because fuel rice have risen so much here. reporter: president and administration spending a lot more time focusing on the build bill. tomorrow the president will go to culpepper, virginia how to plead the case to lower with
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prescription drugs. the one big question, jackie, will there be anything different with congress? lawmakers made it clear they didn't believe a deal was possible to get through because of moderate democrats joining with republicans in strong opposition to this proposal. the president is talking a lot more about it. we don't know whether the logjam will be broken. jackie? jackie: there is a lot we don't know. mark meredith. good to see you, sir. from energy prices, prices to the local coffee shop, new data shows number of small businesses raising prices for their products hitting a 48-year high. madison alworth joins me on this and today's headlines. that is staggering. reporter: it is. vast majority of small businesses had to increase prices in january. we're looking at this change because of increase in labor costs as well as supply costs all adding into this large picture. so according to the national federation of independent businesses 61% of those small businesses increased their prices. that is the highest percentage
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since 1974. small businesses making this decision to raise prices at the start of the year after a really tough 2021. last year saw the coronavirus coming back in successive weeks. supply chain bottlenecks getting progressively worse. on top of all that, small businesses were battling the biggest labor shortage in decades. not just small businesses dealing with issues. huge brands like taco bell, the parent company yum! brands missed earnings estimates as high cost for labor and supplies weigh heavily on profits. doesn't matter how much crunch wrap supremes you put away on saturday night, not enough to hit expectations. yum reported income of $330 million. that is down from $332 million a year ago and the hits just keep coming. if you're boogy prefer chipotle over taco bell. jackie: i am. reporter: the company raised prices by 4% in december.
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the ceo said another price hike could be coming soon, despite prices already being 10% more than they were this time last year. ceo brian nichols said additional increases might be necessary to offset wage and food costs. there you have it, jackie, inflation hitting us at every turn. when it comes to the food chain of inflation at the end is us the consumer. all these companies paying more but we're always getting the brunt of it. jackie: at chipotle when they swipe the credit card, i noticed price increases. i get the bull there they have gone up several times already. this is interesting to see how this will impact everyday americans eating at casual dining restaurants. madison alworth, thank you very much. appreciate it. the dow is on pace for the third straight day of gains as strong earnings are driving markets higher. reaction from kingsview asset management cio scott martin. scott, there are a lot of things to be worried about right now. the stock market doesn't seem to care. i won't argue with three
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straight days ever gains. what is driving momentum? >> it is worry, jackie, that is one of the issues. in january there was a lot of worry and rightfully so. i think markets were overreacting with data that is coming in we already expected. conditions we were waiting for would happen, they finally happened. market was like oh, my god i will freak out. earnings stuff going on, with the fed, fiscal policy here out of d.c., worry drives the market higher and when things feel too good they probably are. you have seen selloffs over the past year. by on worry. we talked about that. take lower prices to heart and use those to load into your portfolio. jackie: you look at companies doing well, a lot of tech companies. you sort of think about inflation, how it impacts the average consumer as we were discussing. when you see yum brands, their numbers going down instead of up, when they're reporting, you start to say, okay, they're paying more for things. their costs are going up. labor costs are going up.
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when you start raising prices that much, it hits the consumer, the consumer will stop spending. it is like musical chairs. at some point someone will not have a seat. >> right and depending where that music stops almost depends where the strawn is that feels it. i will admit it. talking about the debate between taco bell and chipotle. depending what position i wake up in the morning sometimes fetal, your words, not mine, i will buy taco bell. other times i go to chipotle fell the pain of pinch with the prices. you want to get as much food for five dollars, versus 10 depending on the mood. same with yum! brands, you're see that move around. tough needle to pinpoint t moves throughout the restaurant industry. when you're looking at your portfolio you have to really get the best of the best on retail, hospitality services. those are companies that are going to merge versus spreading it around bunch of places. there are some winners and losers.
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jackie: inflation is a problem. potentially agree on that that it might get worse from here. the department of labor and their report last friday, we saw nice increase in addition of jobs. i think that helped the market say, okay. maybe omicron is over. maybe we'll put covid line us. that recovery is going to happen in ernest without speed bumps? >> yes. and that is a theory that is probably two years in the making. it feels like maybe 10 years in the making now. so we're so eager if to have great news on lack of a say rant we'll say. that hope is driving things to this point. a lot of people have really gotten through a lot of issues we had with the uncertainty on the variants and so forth so there is still good spending and pent-up demand there. i think the issue going forward jackie fixing issues with the labor market. this economy is creating jobs. there are not people willing to fill them. we can do that, unkink some of the supply issues.
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we'll be going forward to get things to slow down. inflation is a problem. rate of inflation as far as increases is slowing. that is the thing you will not hear with places how bad inflation is. it is bad. going down at decreasing rate. at least we have that to look forward to in the summer. jackie: wage growth is good, wage growth fuels inflation. you have to find a balance there somehow. scott, stay with me a moment. i want to bring in shana sissell now. "the wall street journal" out with a piece that really struck me. i like this one. banks will unlikely pay depot iters more after the fed lifts rates. lenders don't need money. that is amazing to me. there is so much liquidity, they don't need savings account money to write loans of the they will not give you more for it. the savers have been penalized for the last 12 years and it is not going to get any better. >> absolutely. if you look how much american deposits are in u.s. banks, we're up to $18 trillion.
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that is roughly five trillion dollars more than we were in 2020. all this stimulus money has forced all this extra cash and liquidity into the system and people have put them in the bank. and so the banks don't have a lot of deman for loans and lending. so they don't really have a need for you know, put more money in their deposits. they don't have to pay you more in order to get your money. jackie: it is really staggering when you think about it, scott. you have to people investing in the stock market right now. that is where you get the most return, right? that is why you keep seeing this market march to new highs even though it has been volatile lately. when it comes down to it people living on fixed income, for example, being more conservative with their investments. they would like to see the savings rate go up especially if the fed will start hiking here. really almost torture when you think about it? >> yeah. i mean it is torture when you think about it. a lot of things, especially savings rates. that's a personal story. if you're on a fixed income these days, especially january
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using bonds for example, you're getting crushed. we moved a lot of our clients out of bonds and other alternatives pay nice, with variable rate, rates go up we get some capture there. shana is right in some senses. demands for loans is okay. it will start increasing once the economy getting footing as we talked about, jackie a little earlier. think about this social experiment. banks will not pay anybody a decent interest rate again because they haven't for so long. you mentioned 12 years. how long do you have to be beaten over the you don't deserve interest rate on your deposits. we get used to it. people don't ask anymore. it is gone with the wind. banks are in great shape. nothing is coming through there with respect to what they will pay going forward. jackie: shana, final thought. loans picking up, economy reopening, businesses borrowing to start and restart and people continuing to buy homes, a small interest rate hike isn't going to have a crazy chilling effect
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on the economy but if the fed moves forward three, four times, it could be a little different. >> yes. it definitely could and i think the fed is somewhat aware of that but keep in mind mortgage rates are so incredibly low they could go all the way up to 5% on a 30-year and it wouldn't make a substantial difference in the demand dynamics. there is some room to to there, there is room to run and we should be cognizant raising rates is not necessarily a bad thing. we've gotten so used to the environment at zero interest rates, there is a whole generation don't understand that is not normal. jackie: zero to borrow. >> -- [inaudible] have entire generation never got paid on their savings accounts. so they have no expectation of ever getting paid on their savings accounts. it created this whole behavioral change which i think will be here for quite sometime. to the benefits of banks as we
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have rates rise. jackie: ignorance is bliss or not, guys, thank you very much. we'll see you a little bit later. coming up on the show manhattan d.a. alvin bragg admitting new york city is facing a crime crisis. shootings are up 30% year-to-date. reaction from michael goodwin when we come back. ♪. voiceover: riders. wanderers on the road of life. the journey is why they ride. when the road is all you need, there is no destination. uh, i-i'm actually just going to get an iced coffee. well, she may have a destination this one time, but usually -- no, i-i usually have a destination. yeah, but most of the time, her destination is freedom. nope, just the coffee shop. announcer: no matter why you ride, progressive has you covered with protection starting at $79 a year. voiceover: 'cause she's a biker... please don't follow me in.
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♪. jackie: welcome back. beef, beef, a shoplifter making headlines today after walking out of a new york city supermarket with a stack of steaks. fox news correspondent eric shawn has more. my eyes dropped. my jaw dropped rather when i saw this, eric. reporter: jackie, everyone is talking about the rise in crime and shoplifting and this sort of thing. i have even seen it in person. take a look at this guy front page of "new york post" this morning, calling hem the hamburglar. remember the hamburglar, mcdonald's advertising in the 1970's. calling him the hamburglar because a "new york post" photographer saw him pile up the steaks, 10 steaks from trader joe's on lower east side, 14th street trader joe's, walk right out of the store with his arms full of those steaks.
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the man reported he was homeless, was hungary, wanted steaks, grabbed a bag, according to video put steaks in the bag. retail theft in new york city is up 38%. overall crime up last month from 38%. there is video of someone who i saw in my local convenience store, drugstore, shoving stuff from an aisle into a bag and then he just brazenly walked out. so i followed this guy, when i ran back to the store to tell them about it, report him to the police, the clerks said it happens all the time. they are told not to confront shoplifters in case they get violent, in fact last night, a store manager in a cvs in queen's, police say was stabbed. he is okay was stabbed by an alleged shoplifter trying to confront him. police officers say it is going beyond shops and stores. look at surveillance video. they say two suspects knocked on the door of someone's apartment in brooklyn. when the victim opened the door,
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they pushed their way in and stole two pricey watches worth $300,000. they went through the refrigerator while inside of that guy's apartment. this comes as new york city mayor eric adams, a former police officer himself is pushing the state legislatures in albany to roll back some of those so-called reforms in crimes such as bail reform and the like. the consider it ticks say are too lenient. the democratic leaders in albany refusing to do that. meanwhile the controversial new manhattan district attorney, alvin bragg, pursuing some of these progressive policies right now is speaking before the new york county lawyers association trying to explain some of his policies that have included when he ran for election, not prosecuting anyone who steals less than $250. jackie, critics saying this type of message, getting out, hey, you can steal stuff 250 bucks
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gives people a free pass if they want to do that. jackie: security, people in these stores, they figure it is not worth losing their life over a bag of goods somebody is walking out with is probably right but alvin bragg has a lot of explaining to do. eric shawn, thanks so much. speaking of alvin bragg, the manhattan d.a. now admitting that the city is facing a crisis over crime. listen to this. >> i still live in harlem, the upper part of borough is in the middle of a crisis. i was at an antigun rally on saturday. i left, i found out a few blocks away almost exact same time there was another shooting. i was at another antigun rally on sunday. soon after went right past another shooting. we're really in crisis. jackie: bring in "new york post" columnist, fox news contributor, michael goodwin. always great to see you. when it comes to happening here in new york city, bragg wanted to turn things upside down, not
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if they aren't already but he has gotten a lot of pressure from behind the scenes, governor kathy hochul, mayor eric adams, he is seemingly starting to change his tune here but we need more. >> yes. thank you, jackie. you're correct. alvin bragg has seen, let's say some of the light, if not the full light yet because he has modified his day one memo which was essentially, nobody will go to jail unless we're forced to do it and a lot of very serious crimes, some involving weapons would be prosecuted only as misdemeanors instead of felonies. a felony conviction generally means prison or at least jail and he was trying to keep people out of jail. he made no bones about it, no matter what they did, he was going to try to find away to keep them out of jail. so he seems to be changing his tune on a couple of these
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crimes, particularly involving guns but we haven't seen i think from him or from many others in new york the real understanding that it's murder of course, it's violence, it's carjackings in the middle of the day in midtown manhattan. it is shoplifting, quality of life issues. there was a rite aid pharmacy that closed because the shoplifting was just out of control. this is on the west side of manhattan. you see this corrosion in the quality of life everywhere and the alvin braggs of the world, if the police make the arrest, they don't want to do the prosecutions. so as a result, the police don't make the arrest. so police are not going to make the arrest, then the shopkeepers and the employees are not going to try to stop the person and so you have this cascading series of decisions leading to this lawlessness everywhere i. jackie: there are some interesting dynamics here. as you said he campaigned on the
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fact this was how he was going to proceed. he told everybody what he was going to do. what is interesting, pressure coming from the left is coming from business donors saying we want people to come back to work. you need to make the city safer. you need to put pressure on this guy. on republican side, candidates from governor, if you don't step up we will completely remove you. if he wants to sieve save his job he has to change course. >> this is the confusing thing here, the democratic party voters are the same voters who elected alvin bragg in manhattan by over 80% of the vote. those same voters gave eric adams, running for mayor on the same ballot, they gave him over 80% of the vote. adams said he would crack down on crime but bragg said he would not. so i think we have to talk about the voters too here who really don't seem to understand what these candidates are running on. they seem not very well-informed. jackie: yeah.
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>> but of course there is always the dreamy left who thinks the police are the problem for everything. that if only we didn't have police we would have euphoria here in new york but of course they are so clearly wrong. so adams i think is going to have to keep pushing ahead against this resistance which is coming from within his own party. jackie: i would say you cannot check boxes when you are filling out your ballot. you have to do research to know hoe you are voting for. not just enough to know who the top line person is and all those under people are too. >> right. jackie: i want to transition into this topic with you as well. this is so interesting, some charities in the san francisco bay area urging residents actually house the homeless in their homes in spare rooms. that is how bad it has gotten. >> yeah. one of the things that strikes me about san francisco, you have these tent cities everywhere, these encampments.
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the city itself doesn't seem to have any real services or shelters. so it is either on the street or in your own apartment. so this idea of, i guess it is in richmond, which is a town part of san francisco i guess but sort of outside of it, trying to get homeowners to take people in. i can't believe this is going to have much of an impact. most of the people who are living on the streets of america's cities are homeless not because they lost their keys. it is because they're either drug addicts or they're mentally ill. jackie: mentally ill. >> sometimes both. so i don't see how taking them into your home is, can work for the, for the owners of the property or for these homeless people who are simply not capable of living in a normal home. jackie: it is not good for them. it wouldn't be good for safe for the homeowner. michael, it just shows you how
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backward the policies are in blue states. that is what needs to change. you're right, these people actually need help. it is not a problem that can be solved by snapping your fingers go move in with some residents in town. >> correct. jackie: michael, great to see you. thank you so much. >> thank you, jackie. jackie: they're calling it the largest crypto bust ever. crazy details after this break. ♪. as a struggling actor, i need all the breaks that i can get. at liberty butchumal- cut. liberty biberty- cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates
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reporter: this is crazy story. this they were arrested from the 2016 hack of a crypto exchange. they are charged with conspiring to launder billions of dollars with stolen bitcoin. before i highlight how they did it. i want to highlight the craziest part. at the time of the hack the coins were 71 million but now they're worth 3.5 billion. bitcoin has taken a big hit. that figure could be roughly 30% more in november. the hacker transferred 120,000 stolen bitcoins to digital wallet prosecutors say under liechtenstein's control. they are accused laundering funds with techniques, setting up online accounts with fake names. millions were cashed out through bitcoin atms spent on gold to nfts to walmart gift cards if you can believe it. bitcoin is more difficult to be decentralized.
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doj statement, federal law enforcement demonstrates we can follow money through the block chain. we won't allow cryptocurrency be a safe haven for money laundering or lawlessness through our financial system. eye chronically heather written a article for forbes to protect yourself from sigher criminals. this is funny, played her many talents to create a rap video touting many hats she wears economist, junenallist and ceo. the two face up to 25 years in prison for the scam. jackie, cases like this are giving the government leverage in reese push for regulation. the recent legislation irs is proposing crypto exchange information and financial income to law enforcement in an effort to prevent scams like this one from occurring. jackie: wow, that is fascinating. we're talking about a lot of money. we'll see where this goes if they start to crack down and regulate. kelly o'grady, thank you so much for that. meantime facebook's valuation bouncing back today after it fell below $600 billion for the first time since 2020
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but could a lower market cap actually help the tech titan avoid antitrust scrutiny? this is interesting. let's bring in scott and shana back with more on this. scott i will start with you. that 600 billion mark is a threshold. if you're under that we'll not look at you in the same way. facebook is competing with amazons, googles of the world with their market caps are larger. is that fair, the best way to judge it? >> i don't know. it is funny people will tell you not look at you in the same way. i felt that way before, it hurts my feelings to hear it again. one funny thing the government says hey we'll not look at you, care about you as much but still find a way to look at facebook. the interesting thing, jackie about facebook dodging scrutiny, haven't they already been doing that with respect to section 230 and circles zuckerberg con to congress on the hill and talk
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fervently about things going on? doesn't feel like much will change here. interesting how the fall in facebook shares provided reward for them in our sense, with respect to portfolio positions at nation book, we are picking up facebook at these valuations. we think the stock is getting too low. jackie: that is interesting you're starting to pick it up. shana, i ask you, i'm looking at facebook. maybe there is something to this. maybe we've seen a bit of a change here. facebook told us, the stock was down 26% in a day. it is losing users. competition is big out there. is meta, the parent company focusing on the metaverse, is their best days behind them? don't think we have shana's audio. but scott? >> i take that one. i take that one, jackie. i think their best days will be worst of their tomorrows. there is this whole feverish attitude about the metaverse.
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the question is very good though. if you look at tiktok, twitter some companies eating their lunch. lunch may not be that good to eat but there is lunch out there it is a big area. we don't know exactly what the metaverse aspect will look like. is the metaverse be so cool you will go to the walmart down the street in theory, pick up the stuff, all of sudden it shows up at your house you didn't go there? for example it is virtual? facebook has a lot of things to work with respect to the metaverse. how they take it forward could help the stock in our opinion. jackie: interesting to see. as you said you're picking up shares. we'll watch the share price very closely. thanks to scott and shana, we'll have you guys back again soon. meantime the big game facing a big issue this year. how it could affect super bowl commericals? they are my favorite part of the game especially now that tom brady is not in it. we'll have more.
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jackie: welcome back. as the labor shortage persists some businesses are now highlighting a no vax requirement in their list of perks. lydia hu is live in new york city with the latest on this. lydia, this and some news on masks, a lot going on. reporter: yeah. that's right. you know this sign right behind me that is posted outside of rocco's bake shop, it says it all. they don't discriminate and that includes based on vaccination status for both patrons and workers. now this shop is joining a new app called public square. it aims to connect businesses that don't enforce the mandate, for like-minded customers and workers. watch. >> this crosses party lines. this is a matter of values, it is a matter of freedom.
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so we're seeing people from the bluest of the blue areas and reddest of the red areas stand up that we want an economy that works for all people. reporter: so now we're joined by mary josephine who is joining this app, public square. mary, some ways joining the app, vocal opposition to mandates here in new york city, especially, it kind of puts you on the map for inspectors. are you worried at all about fines or inspections here? >> we're not worried about the fines. we'll take fines as they come if they do come, honestly being on an app of community of people freedom loving, have the same philosophies there, is nothing better in the united states of america. reporter: what has reaction been from the community especially heretomers appreciate you more? is it easier to find workers? >> it is difficult to find employees in this environment but our customers have been
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extremely, extremely supportive of our message. even those that don't agree we have the freedom of choice. we have the ability in this country still to be able to be vocal on something like this. and, you know, i actually appreciate the fact that they have been so supportive of us. reporter: i can tell you, they have a very supportive customer base, jackie. since we've been here throughout the morning. the bake shop has been so busy. there has been a line performing waiting for baked goods for the day. the app is public square. only available in california. rolls out across the country soon. there is a wait list of 1500 businesses that want to be a part of it. more than 30,000 downloads so far. it does feel like there is a community here building. back to you. jackie: people are fed up. business owners are fed up, they're saying we'll take the fines. we need to move forward. lydia hu, thanks so much for bringing that story. advertisers facing anxiety ahead of the super bowl this
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year. commercial shoots from new york to los angeles have been disrupted by the omicron variant. super bowl commercial director, hungry man director brian buckley joins us now. brian we saw this in the heart of the pandemic originally. productions were shut down. omicron had impact. we saw fear instilled across america once again. what does it mean for the game. what got done, what didn't get done? what will we see? >> what got done? we'll know on sunday. yeah, you know it has been two years we've been through this now. you know unfortunately for the super bowl production hit at the high point generally speaking of covid and so last year we were, we tested but the business was, it was ill prepared comparatively speaking compared to this year. this year, not that we didn't have the sort of protocal in place but the protocol is just moving much smoother. even though omicron cames a wave
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i think we were ready for it. unfortunately you know there was obviously a lot of people that did drop out for illness, whether it's talent or crew but we sort of had backup plans in place and we're able to sort of push through it. the stakes are too high not to be ready. jackie: you're right, the stakes are too high. the ads i'm assuming will be filled one way or another. do you think the quality of production, the kinds of ads we're going to see, does that impact the ad rates at all? >> do they -- well you know there is the inventoriry that kicked loose. again, i had heard rumors there was some inventory that kicked loose from production that didn't happen but i can't confirm that. jackie: yeah. >> i can say that the overall tone of this year's work is much funnier than in past years because i think advertisers are trying to kind of not lean into something too heavy. i think that some advertisers
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did last year and i don't think it worked out so well. jackie: that is interesting. i was going to ask you, if you felt like because of the pandemic, because of the omicron spike, if creativity was stifled in some way? people went to that dark place again and you wonder, you know what they come up with but you say it can be funnier. i think people look forward to that? >> yeah, they need that release. everyone last year was scrambling how do we get production done. this year, arguably, it is the biggest celeb year i ever seen in terms of celeb power and they're all out there saying i'm here. you know, mostly all having fun in these spots and just saying life goes on here, we need to move on. advertisers realize they need to do that. they don't want reminder of heaviness right now. just not to have a place. jackie: i think it will be fun to watch. i think a lot of people are looking forward to it.
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so invested in the nfl season and reopening, feeling normal again. so we will come back to you. and follow up. we can compare notes on what our favorites were. >> i'm going to miss tom brady being there. jackie: i said that before. the ads will be more interesting to me without the eye candy on the field. >> oh, my gosh. jackie: all right. thank you so much. brian buckley. >> thank you. jackie: coming up the biden administration is making military moves incase russia invades ukraine as putin waiting it out. why congresswoman nancy mace is warning about washington beating the war drum again. ♪.
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by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. jackie: well the biden administration has approved plans for u.s. troops to set up checkpoint, camps and other facilities at poland's border to help u.s. citizens flee ukraine in the event of an attack. fox news correspondent lucas tomlinson is live in kyiv, ukraine, with more for us. hi, lucas. reporter: jackie, that's right. 3,000 u.s. troops ordered to poland and romania by president biden will help evacuate americans from here if the russians launch a full-scale invasion. here is the commander of the
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second calvary regiment with more. >> we'll be there as long as we're welcome and the mission requires. so it is open-ended because it is an open-ended mission at this point in time. reporter: u.s. officials expect up to five million refugees if russia invades. there are an estimated 30,000 americans in ukraine, jackie. only 7,000 registered with the u.s. embassy. this is what the u.s. army might face. this fourth generation defense unit arrived in southwest belarus, 5000 miles away from the sea of january. 11 time zones from poland and not far from the border of ukraine where i'm standing. top russia military commanders joined in belarus for exercises that end february 20th. the same day the olympics end. they say forces will return home. critics are not so sure. even if russia forces are not deployed into ukraine's border
quote
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they're still maneuvering. this mobile intercontinental ballistic missile hurts europe but the united states. it russia arrived in the black sea, with infantry and three more russia warships on the way to the black sea today. another potential invasion force or perhaps a decree. russia announced a series of missile drills at sea beginning the next few days which could potentially close ports in ukraine which would be disasterous for business. jackie. jackie: lucas, excellent reporting, thanks so much for that. to weigh in on all of this south carolina congresswoman nancy mace a war with russia over ukraine is not worth the risk. many people feel that way. she joins us now with more. congresswoman, always good to see you. lucas is talking about evacuations. i start having flashbacks to last year what happens in afghanistan. different situations but could
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become instantly tense. many people agree with you it is not worth the risk but the biden administration let this get out of hand. >> i absolutely agree with that sentiment. i wrote an op-ed bit this weekend. rather than escalating tensions with russia this juncture we should being deescalating the situation, finding ways and methods of deterrents here. russia is building up forces along the ukraine border for a year, to have over 100,000, 3,000 troops there isn't going to make a bit of difference. whether we agree or disagree whether ukraine should be part of nato it is not worth one drop of american blood on ukraine soil to have the fight, potential conflict or war at this juncture. jackie: many lawmakers are calling for sanctions, for this administration to institute sanctions on russia weeks ago. the president saying in his most recent presser with the german chancellor they won't do that. there will be bad sanctions but they're not going to do it until the invasion happens. that doesn't fix the situation. >> no. it is difficult when you're at
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one of your major allies in europe is pushing back on this. you look at european union, 38% of their fossil fuel and natural gas imports come from russia. that is about 70% of russian exports which is about $50 billion and so it would be difficult i think for them to do that but that's one thing we should look at but also the u.s. should look at this. we increased imports from russia over the last year. our exports are less than they were before. we should be finding ways, non-kinetic ways, non-military ways of de-escalating the situation and reducing our own imports of fossil fuel from russia. any ally in europe would agree to that we shed encourage talks and negotiations. we need to de-escalate because meantime china is eating our lunch. jackie: when it came to president biden he gave them the nord stream 2 pipeline. now essentially the germans say we don't want to interrupt the flow. in that presser the german
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chancellor was very cagey, he said he is on board and committed but to what exactly he wouldn't say. he certainly wouldn't say he was committed to shutting the pipeline down, president biden not in control, i promise you i will. i don't know how he could do it. you mentioned china. i want to move on. athletes are continuing to criticize the covid measures we're seeing in the olympic bubble. your thoughts what is happening overseas at the olympics right now. >> it is distopian and sad to watch this. you can see photos and videos of athletes, one i read this morning was in isolation for covid but doesn't have covid-19. others are complaining about the bare accomodations they have. some are scared actually. case in point china is using the olympics to whitewash its human rights atrocities against the uyghurs and genocide in their own country. president biden said hey, diplomats can't go. big deal. china doesn't care about that. we haven't held them accountable.
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shouldn't have olympics in beijing. jackie: a lot of people feel that way. they're boycotting especially on nbc they feel when it comes to the covid testing policies that the chinese may be using what they're doing over regarding covid to cheat as well. that is unfortunate too. congressman, always great to see you. we'll have you back again. >> thank you. jackie: after the break mixed messaging on masks. why the white house, cdc and governors can't seem to get on the same page here. ♪ ilya lichtenstein ..
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♪♪ jackie: welcome back to the second hour of "cavuto". we have a pack second our starting with mandate media. one after another states are easing up on covid mandates. we will tell you which states are returning to normal sandwich are in a battle with their own cities. the crisis on the southern border sparking a changing of the guard when it comes to traditional party loyalty among latino voters. how is where the heart is in the money. top real estate agents in los angeles pulling out of stocks to sell americans their dream home.
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a lot of report on that coming up. more states ending mask mandate. new york is one of them. >> reporter: we are seeing states say no more masks. new york the latest to join the list, governor huchul making that announcement. it was set to expire thursday. it requires businesses to ask for proof of full vaccination or require mask wearing of all times. it drew a lot of legal challenges and rebellion from some businesses. the governor cited decreasing infection numbers as the reason this mandate is out. that doesn't mean all locations are going maskless. the mask mandate for schools will be assessed in march so parents, keep masks handy. if you're a parent in massachusetts that mask mandate is lifted this month.
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governor charlie baker announced the mask mandate for k-12 schools will be done on february 20 eighth. masks will be required on buses and local school districts will have the autonomy to decide if they want to keep the mask mandate or not. in illinois the governor will unveil a plan to loosen pandemic restricted including potential mask mandate at 2:00 pm. the latest state to join the list. it will stay in place for schools despite ongoing legal challenges. all this is happening at the white house is talking to private doctors and the cdc. blue states not waiting for the decision to go maskless. jackie: the cdc is sticking to its guidance even though states don't have to enforce it and leaders in blue states are
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bowing to pressure, people saying we are done here and they have to listen to their constituents. thank you for that. the la county sheriff blasting county supervisors for the power to take vaccine enforcement for workers out of the department hands into the county's hand. matt in has more on this battle. >> just the latest battle heating up as the la county board of supervisors voted to advance a motion to allow the county to supersede the former heads and fire employees, 4000 sheriff's employees could be fired for not complying with the vaccine mandate. villanueva calls the move morally repulsive amid a crime surge he will keep fighting for his staff. >> it will be a long legal
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battle. this is how dumb the situation is. we have 10,000 people who are vaccinated, their positivity rate is 3.4%. the unvaccinated positivity rate is 3.8, a difference of 0.4% in positivity rate. >> reporter: part of this is concerns the company has ties to china. he blasted the vaccine mandate and discouraged employees from giving personal data to the comedy. ultimately sheriff's workers are not his own the county employees. county personnel will take it seriously. >> refusal to get vaccinated a request an exemption, not to register in the system and do one or the other puts county lives at risk and is unacceptable.
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>> reporter: i spoke to a source who said there's a lot of fear the county employees will soon be fired for not being vaccinated and the shift in power could come as soon as march 15th. jackie: it is night and day depending what state you are looking at. we are always watching what the cdc says. it doesn't seem they are on the same page, some politicians not on the same messaging, our people just over all of this? people were fired about stacy abrams. joining us is todd pyro and found the partner mitch rochelle. i will start with you on the stacy abrams photos, she's not wearing a mask. she finally admitted actions matter.
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why don't you wear the mask? >> reporter: we are getting one of the rules for thee not for me situations, one per day from the democrats, not so much the republicans, they are staunchly against masks being forced upon them but if i am a republican i use that image in every campaign going forward. everyone is tired of this, they don't want to see this when it comes to kids, prevented from doing almost everything you should be doing whereas adults had some things taken away but not everything. many adults have done their lives in stacy abrams in front of mask kids maskless is a perfect example. jackie: when you think of that, wearing the masks, they can't
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hear each other or see each other, they have an impact on the future. on who they become. this goes beyond wearing a mask to school. >> think about the learning loss. there is a concept people talk about which is summer learning loss, everything kids learn during the school year evaporates and they have to relearn it. we have two years of that, and social interactions, reading, writing and arithmetic, bigger issue for this nation other than people talking about climate change, the knowledge base of our kids that has been put in jeopardy. for a year we kick them out of
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the school building and then so many restrictions on them that their ability to learn was impaired greatly. jackie: mixed messaging is a problem, they don't know who to trust anymore. they say you don't need the mask and then you do, children have to wear them, adults don't have to wear them but they are required in some states but not others. when it comes to the cdc saying it still thinks children should be wearing masks even though state leaders realize that is not popular, what is the public supposed to think of that? >> i don't understand how you parse through this. we are having a tough enough time trying to figure out you can do this in new york but not connecticut, the takeaway, cdc not running for office.
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democrats, governors have to run for office. that's why you see that side of the democratic party saying people hate these masks and mandates and restrictions whereas the cdc is politically appointed but not subject to the same campaigning a democrat is. that is where you are getting so many messages but the public says i don't know what to do based on the location i'm in, it is very confusing, time to move on and deal with this disease. jackie: it is not just i don't know what to do but you are in florida where they are running back to business. in new york city, our cases of
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coronavirus are under 5000, it is not as risky as it was but huchul will move the mask mandate but not in new york city. you have people double masking outside, give you the evil eye if you are not wearing a mask. not necessarily what officials are saying but public criticism of what kind of citizen you are being. >> one thing you don't get in florida is public criticism. this time last year people had the option to mask or not mask and their wasn't judgment on those not wearing masks. if you look at infection data there is little difference between an unrestricted state like florida and new york or california. the weather can be similar.
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the mandates have done nothing to flatten the curve. the economy is living in new york is struggling. a tie time elected officials act like leaders, reopen states and cities. jackie: the city has taken a hit, not reopening in a timely fashion and there will be repercussions for many years to come. >> see you soon. >> meta market climbing the $600 billion mark. is it the end of the slide for the tech company. we will break that down next. ♪♪
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let's talk about tesla. tesla had another recall, 26,000, has to do with defrosting technology, dealing with the seatbelt chime. when it comes to that rolling stop function but everyone is talking about biden saying the word listen. >> president biden: from iconic companies like gm and ford building electric vehicle production to tesla, our nation's largest electric vehicle manufacturer. susan: the largest electric vehicle manufacturer. it took 12 months but biden said that. ford and gm have been invited to the white house. elon musk said wise it so hard to be mentioned when tesla is the leader. there has been a lot of air, we
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know production delays of been the focus for investors, gm getting a second downgrade after adam jones was there yesterday. meta when it comes to market, really dropped down a list of the most valuable company sitting at eighth position behind apple, microsoft, amazon and below tesla and berkshire hathaway and in video. there are concerns over growth losing 30% of its market cap after disappointing earnings moving users 17 year history, $10 billion lost because of apple privacy changes and pivoting to the meta-verse.
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people are concerned because you are investing but when does it become a moneymaker? jackie: it took a while to get people to buy things and tailoring those goods to them. i want to ask about meta and tiktok. subsection numbers going on, feels like social media companies are reading facebook's lunch. if this doesn't pan out the way they hope it does our facebook's best days behind it? susan: it is going sober $200 was a year ago you had $1 trillion valuation worth $384 apiece and they said tiktok is taking away engagement. i they sang it is something new? tiktok has been around 2 or 3
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years growing at a rapid pace. now it has become real competition. when people ask if they should invest in meta and facebook, don't want to discount mark zuckerberg's ability to compete, he's a fierce operator. remember the pivot to mobile? he got it done and bought instagram. jackie: great to see you. the crisis at the border surging leading members to shift to the southern border from the northern border next. ♪♪ an other money managers. (other money manager) different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market.
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(other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to
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being shifted from the northern border to southern border to assist with manpower. >> reporter: good afternoon. that's right about the northern border. plenty of action on the southern border starting with what we witnessed this morning. just after sunrise we saw migrant families being escorted by texas national guard to a border patrol processing area. other agents or processing of the family so the national guard had to walk them themselves. a lot of women and children telling us they were from nicaragua and el salvador. look at these photos where they made a massive human smuggling best, border agents finding this trailer with 132 migrants,
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all from guatemala, honduras, mexico, ecuador. the driver facing federal charges, some were expelled and others release for later processing. this photo out of del rio where a 5-year-old guatemalan border came to the border by herself telling agents she walked across the rio grande alone. this has been happening more often. they reported another 5-year-old showed up from honduras. then the northern border. not something you see every day. four guatemalan men who crossed from canada into vermont, they were caught in the snow after they attempted to cross into the us. three were expelled to canada. days before that, this is out
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of champlain where border patrol arrested three migrants across in the snow, two from mexico, one from peru, one charged with felony human smuggling. border patrol near blaine, washington caught a man from india who crossed from the us to canada, the same area where border agents stopped a group of romanians, activity at both borders. >> we had 2 million last year, forecasters, to see a repeat performance. meanwhile texas is readying for the first nation midterm primary. republicans seeing an opportunity to court latino voters who are frustrated with
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the democratic party and its policies. >> reporter: more than 900,000 people live in a dog oh county, 90% of the population is latino. democrats say it is no longer a strongholds. in a study after the 2020 election, in this county 53,000 latinos voted in 2020 who did not vote in 2015 or 2018. the majority were registered democrats who voted republican. last year, community centers around the country in multimillion dollar effort to court hispanics and texas has the most with 5, nonpolitical events to grow connections. >> democrats took the hispanic
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vote for granted and when we see those numbers not shift the way they were supposed to shift we saw an opportunity. >> reporter: politically active folks collinsville south texas democrats with conservative leanings and say their party can do better. >> democrats up north want to maintain that message they need to realize what we are focusing on, immigration reform, the oil industry as well. >> reporter: last year mcallen elected its first conservative mayor. both parties can do better to understand voters. >> there is a different area. in south texas they think
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differently, in california, they think differently than florida and new york. >> reporter: texas in three weeks will hold the first midterm primary. jackie: we want to get a read on what we heard about this shift in hispanic voters from two leading voices on the topic. the libra initiative president. what is it exactly? i see a different spectrum of democrats people have a choice to vote for. bill clinton democrat very different from a joe biden democrat influenced by bernie sanders and aoc. they are waking up to that and
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the policy differences impacting their vote. >> reporter: the top issue is jobs and the economy for hispanics or business owners and prioritize being able to work and live the american dream. that's why we came to this country. any policy against businesses or restrictions and things of that nature will be negatively impacting the opinion of hispanics. in texas, as the largest segment of the population, 40% of texas is hispanic. there is no way to win the state without latino votes and those policies will be important as we look at midterms. jackie: i want to talk about immigration and the makeup of the latino voter. they are hard-working.
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a lot of them immigrated here, they want to see law and order. they are seeing a deterioration in policy and core values in our society. >> exactly right. a lot of latinos are disillusioned with what they sense as an indifference to border security shown by the biden administration and broken promises on creating legal channels for folks to meet demand on labor and the wealth immigrants bring to america. once again latinos have grown cynical. the fact that president biden is not the moderate he campaigned as but someone governing as a radical on spending, on taxes, the war on
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domestic energy production the brings jobs to a state like texas and restrictions on mandates and partisanship. even members of his own party voting against his agenda. jackie: what do you think of texas and the electoral map? we are looking at red states looking purple. people are worried about that. a lot of electoral votes but you see trends like this. is this enough to tip the scales a full red? >> you cannot take for granted the vote. both sides have to work on earning support from voters but the case study afford happens in border towns that show 41% support for donald trump in the
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last election, many are a case study of what needs to be done. it takes 1-to-1 engagement. a message that makes sense for kitchen table economics that our voters are open to listen to. you may register one way but there's a swing when there's a different policy. the pandemic and what we learned and the economics of us impact those decisions. it could turn back to a lot of red if the focus on jobs and the economy and border security keep rising to the top. that matters to the community. work hard and be safe. jackie: there's a shift in this country and push back to the current policy. we will see if that's the case. top real estate agents in los angeles pulling out all the
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how do you cashback? chase. make more of what's yours. >> welcome back. president biden utility ceos while on add is it for skyrocketing heating bills. karen, good to see. americans feeling the pinch from inflation, not just consumer items, they are feeling it with the cost of heating their home. talk about what is happening in the marketplace was the biden administration says we will go green and bring prices down. many argue that is not feasible. >> this is what we worry about and plan for it too. we look to buy a lot of natural
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gas for the customers. and have in place programs, if you have a problem paying utility bills, talk to your utility, they can work on payment plans and the federal government allocated $4 billion in home heating assistance and utility can help you gain access to that but it is cold out there. people using more natural gas. >> if you are struggling and you need help, think about what's happening with utilities it comes down to supply whether you are talking natural gas or heating oil, and putting in policies that are so pro-green, and and if you don't have enough supply, price is going up.
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>> that doesn't make economic or environmental sense. natural gas, and they are paying $75 for natural gas and in america paying four. that is huge, struggling families and businesses, we don't have to follow the policy path that got europe to where it is today. >> people are switching back to call. that's not the direction you want to be going in but price will dictate. >> stay warm. >> gigi stone was grilled by republicans on matters of conflict of interest but made reference to someone we know, charlie gasparino.
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>> appreciate expressions that i am qualified but charlie gasparino said that on the tucker carlson show. who would have thought? appreciate that. >> you said there would be fireworks. >> my collar fits perfectly. let's be clear. the administrative code dictates how someone needs to comport themselves as fcc chair. it doesn't say a few are brilliant you get in. she's really smart, brilliant on the issues, strong advocate for telecom policies. i've done research on her. i have no animus with her. she is a player.
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in that job you need to separate from the issues. she was close to these issues pushing net neutrality during the obama years, treating people that own the pipes the transmit your cable as utilities. he wants to bring that back, push the envelope further than it was in the obama years. broadcasters essentially package local programming, they own that. she believes you can take those and pirate them. he was the board member of low caste which did that until they shutdown. all these things on top of the fact that there is a weird thing where the broadcasters said they have no problem with the nomination after she
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recused herself from opining for anything involving transmission fees. it looked like a quid pro quo. you put that together and this job, she might be a great supreme court justice but for this job there are legitimate questions being raised. she won't get republican support. the senate is 50/50. kristen sinema, does she approve of this? if she says no this is done. and there will be another biden administration selection the blue up over too progressive. there's been a bunch of them starting with nina tandem. and the control of currency. you go down the line. twitter, my twitter feed is
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interesting. i can't imagine i would make it through our confirmation hearing with my basement jokes. they are funny but she wasn't doing basement jokes but jousting with people, with me too. when you leave that type of paper trail -- nobody loves you because you are america's tv gal but you don't start trouble. everybody has their own thing. if it was me i would get crushed but that is going on with gigi. it is like joe rogan. jackie: you said these meetings
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would be full of fireworks. how long does this go on? charles: today is it. they should get out of committee, there's a good chance she gets approved but not necessarily. joe manchin gets a vote, whether the biden administration goes to war with him but kristen sinema has not the word on that. she's not a fan of net neutrality. gigi is not the chair but people think she may be flipped in this chair, she would be for net neutrality and some people say when you hear net neutrality why should cable operators throttle content that doesn't pay them? it is there pipes and when you screw with them and make them
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pay more they cut back on innovation and don't put money into 5g and gigi would say these utilities are so important for america it is not fair. those are the two sides of the story. i was fair with her in my coverage. she was not part of the deal. it looks really weird that she signed the deal as she was becoming an sec commissioner. it looks bad and the optics were not good. jackie: we will see if she brings you up again. coming up home buyer demand for mortgages dropping as the housing market drops out the middle class after this.
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going above and beyond. >> reporter: good morning from sunny and warm los angeles. drone footage or a list celebrity parties, this is $135 million home. it has 12 bedrooms, 16 bathrooms. they pull out all the stops to get big buyers in. we talk to the founder and ceo of the agency. he told us when it comes to big-money sales of real estate hollywood is still king. >> still celebrities, still studio heads, tremendous hollywood in los angeles but
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also a lot of buyers from northern california. a lot of money, a lot of cryptos. >> reporter: on the other side with home sales up in los angeles we spoke with to wreak, a necklace out of los angeles, they are making a mint. >> a lot of people who bought houses 10 years ago the value of the property has doubled or tripled, people see hundreds of thousands in equity. they can buy a house for a third of the price and enjoy living. that relieves a lot of stress. >> reporter: i got to tell you at this property, $139 million,
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they will end up with a foreign buyer, that's my prediction. this is the property, four levels, 36,000 feet, 12 bedrooms, 16 bathrooms, elevator for your car and eight different spots for eight cars if you decide to buy this property. overall when it comes to this celebrity fueled thing we call hollywood real estate is the biggest piece of the pie. jackie: 12 bedrooms, not sure you need that. make sure to tune into american dream home tuesdays at 8:00 pm. home demand for mortgages dropping 10%, higher interest rates pricing people out of the market. she was saying if rates go up
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and we don't see a major rate hike we won't see it be incremental enough to get them out of the market but evidence is conflicting. what are your thoughts? >> you can push mortgage rates aside. there is so much access demand for homes relative to supply which is the biggest issue aside from $100 million houses. in many markets, two month supply of homes. can't build them fast enough for that demand and pricing will go up. people want to buy, there are homes to buy. jackie: they can't get the property they want.
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>> first-time homebuyers, mortgage prices going up but every day items, their wallet for buying a home shrinks a little bit, more expensive for gas. when you look at housing data, that is all reported in median dollars, demand, supply and balance will fuel the market. jackie: it seems we are trying to rectify even though blue states are trying to put pandemic behind us, when do people get back to work in construction and bring those prices down? >> i refer to land, lumber and labor, the reality is land prices are going up, lumber and all the materials that go into homes are hit by supply chain lows.
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the administration doesn't do anything to fix those things, supply story remains. jackie: thanks for your insight, thank you. peloton workers using social media to find new jobs. they laid off 2800 new workers and hired a new ceo amid reports of a corporate takeover. ♪♪ wake me up ♪♪ wake me up ♪♪ wake me ♪♪ don't wake me up ♪♪ new projects means new project managers. you need to hire. i need indeed. indeed you do.
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give you more benefits - all for as low as a $0 dollar monthly plan premium! humana. a more human way to healthcare. jackie: the dow climbed a little bit higher throughout the last two hours. you can see it is up 281 points. that is going to do it for us today. i will send it over to charles payne right now. all yours. charles: thank you so much, jackie. good afternoon, everyone, i'm charles payne. this is "making money." breaking now after the carnage that greeted investors to start the year many are reluctant to see the recent strength they're seeing. i will talk about the difference between the conventional wisdom and wisdom of the crowds. there are some beaten down gems. we will try to hash out a few for you. now nancy pelosi offering to ban stocks in congress even as she and her husband continue to make million dollar bets. i'm not so sure. the language is interesting. i will
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