tv Cavuto Coast to Coast FOX Business March 25, 2022 12:00pm-2:00pm EDT
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googled this. you got it right. you knew it. >> i did not know it. stuart: let me read the script, the ford f one hundred 60 is the best selling truck, last year sold 2600 at one 50s, that's more than the biggest competitor, the fiat chrysler ram. you got that? time is yours. neil: the president continuing his european trip in poland, no indication as to whether he has made progress getting everyone on the same page when it comes to building up nato troop presence across the country. the only countries we are talking about are those that border ukraine. that is what we are waiting
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for, the number of soldiers, how much money in terms of support for those countries will ultimately see the leaders agree on. the focus seems to be for the markets on how this balances out, more indications of the brutality of russian soldiers and in that theater bombing, 300 lives claimed and still a number of ukrainians unaccounted for so we are keeping track of that and the whole issue of dealing with refugees, closing in on 4 million refugees from ukraine, more than half of them have gone to poland where you find ashley webster this week. what's the latest from their? ashley: we've got another half-hour, the president being
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here in a small town, 60 miles from the ukrainian border. there is a message here on two fronts, one on the military side, the president spent much of his visit meeting with memory is of the 82 airborne division having pizza with them chatting with them and reminding them their presence is very important. listen to what he said. >> president biden: it's not only doing what you are doing to help the ukrainian people or regaining confidence was 100,000 american forces, haven't had that a law long time. we are the organizing principle for the world. ashley: organizing principle for the world, that's a message to russia, the president 60 miles from the ukrainian border talking to troops and a number of them going to 500 now stationed here.
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the other part of the story is the refugee crisis and the president has come to show support for poland, which has taken the brunt of those refugees, 2.2 million refugees, wanting to stay close to their homes so the president announcing 100,000 ukrainians will be given refugee status if they want it. through the refugee program or may be have friends and relatives to be fast tracked and $1 billion to be spread around country taking in the refugees along the ukrainian border to show support for poland and nato and the military aspect as well, it is back on the plane and back to warsaw. neil: thank you for that. they are trying to picture the details of providing natural gas contracts for europe to
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slowly get it weaned off of russian energy supplies particularly natural gas. it will take some time. edward lawrence on the latest details in brussels. >> reporter: before the president was in poland he was here in brussels making this announcement standing with the european commission and announcing a joint task force to help the year but he did get off of oil and gas from russia. the president also pledged to use significantly increasing export of natural gas from the united states to europe next winter in the winter after that. he will work within the current environment in the us. >> president biden: accelerate widespread adoption of these technologies and equipment like smart thermostats but work to electrify heating systems across europe and invest in
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innovative solutions to make the switch from fossil fuels and advance the use of clean and renewable hydrogen. >> reporter: national security adviser jake sullivan announced three ways the us will increase the natural gas, first expanding the number of ports that are able to take in the liquid natural gas from the united states converting ships that have natural gas going to other countries and divert those to europe and asking cutter to fill in the gap for the missing natural gas but the thing about expanding the natural gas within the united states, the european commission president is on this same economic page. >> this can only be achieved through investment in renewable but also through additional gas supplies including lng delivery.
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we want to diversify away from russia towards suppliers that we trust, that our friends and are reliable. >> reporter: the joint statement mentioned partnering with clean energy firms, increased buying of clean energy equipment and investing in technology and fuel switching away from fossil fuels, this falls in line with the executive order signed the first week in office directing all government agencies to put climate change above everything else. neil: thank you for that. the fighting rages on in ukraine. they always talk up the possibility of peace talks but you know where that has gone. right now the rampage continues and discovery of bodies continues as well. mike tobin in lviv with that part of the story.
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>> reporter: the suffering and mariupol has not passed. a recent aid made it it all the way through and the people lined up by the hundreds across 3 parking lots open for food, water and medicine. the town is populated by 450,000 people but one hundred thousand still remain and have been subject to 3 weeks of isolation and bombardment, no power, no water, street to street fighting, civilians evacuating mariupol shot some video and shows the apocalyptic destruction left behind. they need to evacuate in personal cars because the buses that have been sent to get the people out have been shot at, some of them have been stabbed and drivers detained by russian forces so the buses are going into neighboring towns. an update to the bombing at the drama theater that was used as a bomb shelter and they went as far as to write the word
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children, kids in russian on the rear entrance to the bomb shelter and it took a direct hit. we now know from a reporter who got all the way to that theater that 300 people were killed in that particular bombing of the bomb shelter but local officials, 1500 people were in there so expect the number to change as you get equip into near the can do the excavation and try to do some rescues. the bombing of the theater and the maternity hospital said by the maternal -- to be ordered by general mikhail mitensev, he was in charge in syria which displayed similar brutality and similar tactics. the legend of this general is that one time he ordered a junior officer's ears cut off for wearing his uniform improperly. neil: sounds like a nice guy, thank you very much, mike tobin
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following those developing sin ukraine. the florida republican congressman decorated green beret, don't want to mess with the congressman when they ask a tough question, he will beat you up. very good seeing you, thanks for coming. let me ask you, it is clear that russia, forget about the possibility of chemical weapons, brutality alone had the slovenian prime minister telling me that is the redline, basic human decency and yet it continues. what do we do? >> it is going to get worse before it gets better as russia continues to struggle and putin fails to hit his strategic
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executives they will compensate for the lack of operational effectiveness with brutality. it is very difficult to go house to house and take down the opposition in urban warfare in an urban setting. it is tactically far easier to sit back with artillery and aircraft and level the place and turn it into rubble. that's the russian way of war. what they did in syria, what they've done in chechnya and afghanistan and what we do, what we should have done was send the ukrainians a lot more on the front end in terms of lethal aid, but we have to stop the foot dragging, stop the dithering and give them everything they need just not in volume but also sophistication and ukrainians can fight this fight, they've shown the will but give them what they need. neil: should we call planner put naps bluffed? he has had such a difficult
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time dealing with ukraine and the stiff resistance from average ukrainian citizens, that there is no way he will even think or contemplate going into other countries in the region because his soldiers aren't up to it, he isn't up to it? >> if this are gone the way he planned which he intended this to go relatively easily like it did in 2014 with crimea in eastern ukraine, he underestimated was the leadership of zelenskyy and the training from us army special forces, my fellow green berets but we have been providing ukrainians for the last 7 years since that invasion and the improvements that they've made in their military and add on top of that the lethal aid we did provide in the form of the
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javelins to stop their armored formation made a huge difference and the nationalism of the ukrainians that has sprung forth since the first invasion. all the things putin wasn't planning on and his generals clearly sold him a bill of goods in terms of their own capability. putin has been bluffing, he modernized his nuclear forces, modernized to special forces but his larger land army and broader air force aren't nearly as good as advertised, further they can't -- important supported, i don't see them being able to move further either domestically from a supply chain and logistics standpoint or poor military capability. he has 75% of his military, 3 quarters, he stripped it from all other theaters devoted to ukraine. he's a spent is a spent force
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at this point. neil: one thing i spoke to the slovenian prime minister, not so much call his bluff but he said he would go after those countries that were providing arms or munitions to the ukrainians, he is also threatened action if this were to widen and we were to send in peacekeepers and all that and nothing on that front. do you think when we are concerned what his reaction might be if we were to get an air campaign going that he is not going to act on that? >> i want to be clear. in terms of him invading a land invasion additional countries past ukraine, that is increasingly unlikely but using asymmetric weapons, using
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long-range precision strikes, using cyberattacks on critical infrastructure or other things of that nature, even attacks in the space against some of our space infrastructure i would not put past him and would not past him using chemical and biological ukraine, he will continue to escalate as long as we allow him and that is why biden drawing clear red lines on the use of wmd is critical and i don't see the administration doing that. neil: good catching up with you. we will take a quick break. we are getting reports of a huge fire in saudi arabia. i noticed oil prices lifting up on this news, don't know exactly, in saudi arabia, huge player in the international oil markets, the largest energy concern on the planet. and dollar value the largest company period on the planet
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but crude oil prices which had been around $113 a barrel, getting an extra push up on this report of this fire, any more details on that we will pass them along. we will have more. 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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neil: might have dodged a bullet but might not be lucky dodging another one. russia and the possibility of default on a huge public bond offering here, you have to be interest on it and it amounts to every few months but truncated with a remake of that entire package. it requires a payment of a little more than $2 billion and since they had difficulty cobbling together $150 million to make good on interest payments on that, it would seem to be herculean to put it mildly to make good on her $2.2 billion payments but april 4th, mark that is a red letter day because that could
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be the time they could miss a payment and default for the first time since the bolshevik revolution. dating back to 1917. hillary vaughan keeping an eye on warnings of global food shortages. the president echoing that as a real concern. hillary following these developed ones on capitol hill. >> reporter: president biden warning food shortages are coming because vladimir putin's were in ukraine is taking what is known as the breadbasket of the world off of the dinner table. ukraine exports 12% of the world's barley, 15% of the world's corn, 10% of the world's wheat and almost half of the flop supply of sunflower oil. >> talk about food shortages, it is going to be real. the price of these sanctions is not just imposed upon russia. it is imposed on a lot of
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countries as well including european countries and our country as well. >> reporter: that is a one hundred 80 from what the white house said monday when they told fox no need to worry. >> of food shortage here at home. >> americans are fed up with high prices for groceries. in a fox news poll 66% of registered voters disapprove of how biden is handling inflation. the republicans point out shoppers have been hit with sticker shock at the grocery store for months and it is biden, not putin, who's to blame. >> the president will try and point to the war in ukraine as the reason for inflation, for fuel prices -- those costs have been going up for quite a why all. it is not putin's fault but we are going to have to pay it. >> reporter: the war in ukraine
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will have long-term and short-term impact. in the short-term farmers aren't able to harvest the crop they have already grown and in the long-term they are not able to plant new seeds for the next season. neil: it could get worse, thank you very much. the implications are enormous, americans are getting frustrated, losing confidence. when consumers lose confidence, through all this inflation, they've stubbornly been paying higher prices but there is a revolt coming on not just in this country, notably europe and italy where consumer confidence is the lowest it has ever been. other countries feeling similar angst. larry, the signal at least that we are getting here is not so much capitulation as the hell with it, stop pivoting from cheaper cuts of meat to cheaper cuts of meat and find a way
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around it is one thing. when you give up doing that her guest the -- get exasperated thinking you can't keep doing that that could be an inflection point. >> reporter: good point. it is depressing to see the images out of europe, when you see children in refugee camps, something we never want to see. it is depressing for american consumers when they go to the gas pump and see soaring prices every day, go to the grocery store and food prices going up when you get the food you want but the seeds are sown before the russia ukraine situation, the government promoting inflation not thinking through the consequences. look at the chip shortage in america. we haven't made a chip other than a potato chip in decades. we've let that go to asia. think of these policies in advance would be a real benefit. that's why a third of all
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consumers polled see their financial situation worse 12 months ago than it is today, the worst we've seen since world war ii. we need to change the story starting today. neil: you look at consumer sentiment and start to see what is happening on the housing front when we completed a trifecta of bad housing news and pending home sales, the fourth month in a row we've seen that but confirming a pattern in new home sales, they are all down and continue that way. what do you make of it? >> the worst acting area of the market is housing, and anything housing related like a whirlpool or restoration hardware or home depot which is the worst stock in the dow right now.
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mortgage rates i believe on thanksgiving was 3.1, 4 or 5 right now, that was a lot coming out of people's pockets as they are looking to buy a condo or whatever. combine that with the massive move in prices, they are really not. the issue with saudi arabia which knocked oil prices up $5 in a nano second. as i said to you, retail stocks, restaurants, travel related, i don't think a very leveraged economy can stand this much longer, nada buck stops here attitude from the white house but the buck stops over there and we will see you later.
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neil: the national association of homebuilders, a red-hot housing market, that they keep building it is red-hot. not that the market is red-hot. down 24 points, more after this. when traders tell us how to make thinkorswim® even better, we listen. like jack. he wanted a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim® web. because platforms this innovative aren't just made for traders -they're made by them. thinkorswim® by td ameritrade
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accurate but every day he addressed his people, usually the same time he addresses the world, to support them and tell them they will get through this each and every single day of a 1-month war. imagine how draining that is for you to do but trying to make sure everyone else, keep their spirits up through the middle of incredible carnage going on. connell mcshane is following a lot of troop movements, he joins us now. connell: we look for headlines or narratives to bring you in the midst of all of this and the ukrainian counteroffensive has been the story is mike tobin, and more violent than that. specifically mariupol, these
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front lines we talk about our holdings here, sometimes pushed back. ukrainians protesting a counteroffensive. it will speak to strategic relevance, in central ukraine and other cities they talk about. russian missile strikes destroyed buildings earlier today and the thinking of some analysts is the russians were able to move in eventually from the north and south, might have the ability to seal off, up here in kharkiv but down, don't ask what you see here, if they are able to do this, those troops are stuck. that is the thinking of analysts. we just pointed out some of
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those missile strikes have hit that city. go up here to kharkiv, the second largest city in ukraine where we have seen such violence in the pictures tell the story better than the maps. this is just one of many photos, this man pointing to his own apartment building which has been destroyed by the bombing, one family in particular when we were reporting, and i have been getting messages that stayed in touch for the last few days to get resettled, they are talking to friends saying the city is on fire. they see pictures like this. the last point, to see what nato has done in terms of they double the number of countries where they have battle groups
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deployed. instead of just poland and the baltic states you are adding in slovakia and hungary, romania and bulgaria, president biden is in poland around here, 50 miles from the border, a straight shot into lviv from where the president is, the nato eastern flank fortified by these announcements over the last couple days. neil: i don't want to throw something out of the blue but i remember when night you're in the first peace talks, one idea abandoned by the russians was we could lock in with the map the way it stands presuming the gains, where russians have taken control, the ukrainians would reject that out of hand because they have taken 1/4 of
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the country but i do remember one of the throw it out options that had come up in the so-called peace talks. you know how the neighboring countries feel about that. >> what was interesting, to look at what the commentary was from the russian defense ministry, if you go into the first and largest map of the region. what they were saying, something affective trying to put their own spin on things, things are going well, we might not necessarily move to storm the big cities in ukraine. we might not move into cities like that. we might be content to have control over the don bus --danbas region and maybe just try to seal off this area, have
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this land bridge they have established into the crimea peninsula and that would be a way for russia to save face and move backwards. you might be reading too much into the commentary from the defense ministry because there's a certain amount of spin that will go into that but that is the spin you choose, no matter how much difficulty they have in advancing. neil: they picked up a lot of land in the process. connell: a lot of land they hang onto. neil: the president saying sanctions are working, sanctions don't do what they think they do. >> what makes you think he will change course based on the
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action taken today. >> and sanctions would deter him. sanctions never deter. the maintenance of sanctions, increasing the pain and the demonstration why i asked for the nato meeting today is to be sure. and the remainder of this year. neil: they were imposing a lot of sanctions. thinking about invading the country. the vice president's defense secretary echoed that, up and down the administration.
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the ukrainian infrastructure minister, do you think the president is making a point? sanctions, never expected to deter vladimir putin, turns out they didn't, he is still fighting as we speak and waging a horrific war in your country as we speak but then why impose sanctions then? >> very happy to join you. mr. biden is right. a war started in europe. the main goal of putin is obvious. to split the west. to put aside allies who are fighting for democracy principles and those who are ready to trade with vladimir putin.
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vladimir putin failed in russia's economy is going down with each day, putin and russia faced its check for having the invasion into ukraine. think to the start of the war. the main goal was to capture ukraine and celebrate. but he failed. after heavy fights in ukraine after the amount of time, the kremlin states it's enough to capture the main goal of this special operation. they are stuck in ukraine and the only thing is for russia to break the story, with nuclear
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or chemical weapons. member states of nato. to say clearly that it is a major member states. that putin will do it the same way 70 years ago. stuart: neil: the case of hitler a lot of his people turned on him. mussolini they not only turned on him but killed him. hitler and it by killing himself. you pointed out how average russians are responding to this. they know about the pain it caused and we are learning about a number of prominent
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russians, a key climate ally to prominent business men, he is losing support back home. the russian people turn on him before stopping fighting you. >> i wish it was true but the reality is different. 80% of russians do support this invasion, some russians are leaving country, all their efforts frozen and about to be confiscated by the west but resolution of the problem, i urge you not to repeat our mistakes, when russia is down do not trade with them anymore. don't think there could be a good russians because they take
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your money and spend money on weapons. another thing, take care of those russians that are in the united states, don't repeat our mistakes because they could take your citizenship. they could buy houses in the united states but you play russian roulette with them because you never know. neil: you are amazing and they bright man. godspeed to you and your wonderful people, the former ukrainian infrastructure minister. an update on this, we do know it looks like an attack on this facility, if this rings a bell it is from the same rebels
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financed through iran that orchestrated this track. it had substantial harm to the facility and that's why oil prices picked up. not is up as they were before. we will keep you posted after this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones
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city is suffering after covid and the situation might get worse before it gets better. according to a poll of 10,000 new york city employees 40% of them that live in manhattan say they are thinking of leaving. that jumped to 50% when you include the outer boroughs. why they are concerned, mostly crime, subway violence, the violence on the street as well. we have a system that puts criminals back on the street, some of them are mentally ill, some are homeless and the city feels unsafe and for quality-of-life purposes that is a huge concern and add to that the inflation problem, and expensive city even more expensive to live in. i'm talking basic things like rent, clothing, groceries, dining out, and the taxes residents pay to live your, high city and state taxes and no wonder people who have the option of working remotely did.
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consider this. according to some for nyc had the highest rents, as the median price of a manhattan bedroom increased by 25% this year compared to 2,020 one, two bedrooms jumped by 27%. that is what the data found. potential buyers finding it difficult because of the skyrocketing rent and low inventory. the covid discount days are over and the bidding wars on properties for sale are back. when you couple crime with the cost people are really rethinking things. neil: i'm sorry. i thought you were going to throw, my bad. thank you. i could say it is the covid fog but it is just age. i apologize. the national association of
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homebuilders ceo is young and spry, no fog. something is going on in the housing front. pending home sales decline for the fourth month in a row in february, similar slowdowns on new home sales, existing home sales. are you worried? >> very very worried. our own wells fargo housing market index declined three points because builders are saying things will dry up. a combination of costs that you just discussed, a combination of regulatory compliance and at the other end of the pipeline interest rates going up. i think housing markets are staring into the face about perfect storm the can slow things down for us.
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neil: from a builder point of view if you lock in a customer that's preapproved for a mortgage the cost of that home has gone up, lumber and all that, the price has gone up and i'm wondering how many people bold or the mortgage falls through. what's going on behind the scenes? >> we are seeing that on a nationwide basis. what builders are doing to avoid that is putting escalator clauses into their contracts, say you want to build a house, i will tell you how much it will cost but i can't be held to that, you will be liable if it goes up and that causes people to walk away before they sign the contract. neil: even if you are going to buy a lot. locking in a price on something
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you know will go up, you don't know how much. >> no builder can do that. it doesn't work. neil: up to 4. 5% it is still very low but not 3 and a quarter of one% that it had not 3 and 12:45% that it had been and they will climb over 5 at the rate we are going. play out next year at this time. >> i hate to look into that crystal ball. i'm concerned we will see housing markets slowed down dramatically which is a bad sign for the consumers and equally bad sign for the american economy. neil: always good catching up with you even when the news isn't great. we will have more after this.
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neil: all right, the president's trip to europe continues first stopping in brussels now in poland at all this time the president is reminding what we're doing is working amplified by reports right now, that the russian soldiers, while they might be massive , in size, right now, they aren't exactly hitting it out of the park as many as 60% of russia missile strikes on ukraine are apparently falling, far short of
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their targets, or not exploding on contact, bottom line, the president is reminding them that the pressure we're exerting on them, and the inefficiency of the russian military machine to do anything near what people feared it might is just not materialized, so let's go to edward lawrence, following the president's travels, and what he's saying. reporter: neil president joe biden right now on his way to warsaw, poland. he's going to make their tomorrow, what's being described as a major address to talk about the moment in history that we're in right now, and the president had a trip to poland, is unscheduled trip that he made there, in order to see the troops, the u.s. military members there, he was 63 miles from the ukrainian border, maybe a message to president vladimir putin and the president also received a briefing about the situation from the president of poland, while he was there. now, they both said that they will meet refugees tomorrow in
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warsaw, president biden says that he was here in poland, to make the point of a strong bond among nato allies showing putin that nato will not crumbles, adding the dedication of ukrainians that what the ukrainians are showing is just inspring. >> stepping up and you'll see when you're there, you're going to see women, young people standing in the middle, in front of the damn tank, just saying i'm not leaving. reporter: during his address in warsaw the president is expected to talk about why it's so important to stand up for the free world to stand up against russian president vladimir putin, the u.s. as well as other allies also considering a plan to give anti-ship missiles to the ukrainian army. the president has been very vocal on the humanitarian front in europe.
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he announced the u.s. would take in 100,000 refugees and also pledged $1 billion for shelter, clean water, medical supplies and other humanitarian assistance to those displaced by the invasion. the president describing this as a critical moment in history to show the resolve of the western world. neil? stuart: edward thank you very much edward lawrence, one thing lost in this ukrainian war is some of the basic communications we've always had between super powers, actually going back to the cuban missile crisis where there was a way for military officials and their counterparts , both sides to keep talking to one another, at least to keep communication open. we understand right now that that is broken down and there is no such communication right now. mark meredith at the pentagon with more on that side of the story. mark? reporter: hey, neil, good afternoon to you. well think about it we've got more ways to communicate with people now, cell phones, instant
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messaging or devices we can't live without but as you've mentioned there have been some calls being made by u.s. officials to the russian military that simply have not been answered at this point. now, we are being told that there are still some options available but the calls being made by the secretary of defense lloyd austin as well as the chairman of the joint chiefs mark milli had been making two russian leaders have not been returned and that those calls have been going unanswered multiple times now. >> tried on numerous occasions to connect secretary austin, chairman milli, the joint chief of staff tried to connect with his counterpart, we have made multiple attempts but they have declined to take these calls. reporter: so while those calls are being declined u.s. official s insist there are still other options on the table for the u.s. military including a deconfliction line that was setup at u.s. european command headquarters in jerome powell which allows the u.s. to check in with russia and vice versa to make sure if there's aircraft flying in the area there isn't any chance that they would come
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into contact with each other, something very important. meantime, today, secretary austin, he is in poland traveling with the president meeting with u.s. troops earlier today. there's been a lot of folks about whether or not additional u.s. troops may need to be deployed over into eastern europe in the coming weeks and months. we've already seen u.s. troops added into the region even before the invasion, even in poland alone i believe there's something like 10,000 u.s. troops, 100,000 u.s. troops serving all across europe, but in terms of, neil, a final decision on more troops going overseas we're told that's not likely to happen anytime soon. nato defense officials met just last week to talk about their options, that came up yesterday in the nato meeting but we're told a final decision on basically how to change their military posture will be made in june when those nato leaders meet again in madrid. neil? neil: all right, thank you for that update mark meredith, ambassador joins us, former ambassador to ukraine, great to having you two days in a row i
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consider myself quite fortunate. you and i were talking yesterday on fox news about how this all proceeds and the one thing that we keep hearing is nothing is easing the brutality of vladimir putin, but the one thing that could chip away at him is support or the lack of it at home. now, he still enjoys overwhelming support for what he's doing and that's not happened yet or that's beginning to crack, but among some powers that be there, it is several have left the country in protest, his climate envoy left and is now in greece, even his central bank chief while cities still on-the-job she's expressed the fact that she's not too keen on what's going on in ukraine. vladimir putin wants to keep her on there, he's not done anything foul to her, i'm just saying that these are the kind of things that you as an ambassador look at at that there's got to be a crack at home before he
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changes what he's doing in ukraine. >> i think you're exactly right , neil. i think there are these cracks that we're keeping track of, and he was also a big reformer earlier on, and that was the guy i mean he was part of the sell- off of these shares, so he was an economic reformer, and he represents the kind of people that president putin's losing in a broad scale. i mean, these are people who think, these are people who understand what's going on in the world. these are people who are connected to the world. you're right to ask about the russian people. the russian people have less ability to tune in because president putin has this hammer on any independent media so they don't have that, but there are cracks, as you say, and statements like the president of the united states calling
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president putin a war criminal. that gets through because they will respond to the media, the russian media will respond to it to pushback on it, but the russian people hear that. they see on what youtube, arnold schwarzenegger addressing directly the russian people, so it's little-by-little getting through, neil and turns out that some people are leaving, like many of the journal its are leaving. we ought to take advantage of those people leaving. those people are russians. they can give a message, they're voting and they can give a message back to their compatriot s in moscow and across the country of russia that somethings going on here that they don't like and the russian people ought to know that. neil: you know, a little earlier , ambassador, had the former infrastructure minister for ukraine on the show said something interesting about
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-- i hope you in america do not abandon sanctions and punishment s on vladimir putin, i'm paraphrasing here, no matter how it ends up here, because he's the one who has to be punished, whatever agreements or changes happen here, if he is still in power, you're going to still have problems. we're going to still have problems, so his message, keep the sanctions going. what if the world does not? you know, we reverted back after crimea whose to say we don't do that again? >> that's a great question, and just by asking that question, you are prompting people to respond, and to think, and to resolve, be resolved to keep these sanctions on and it's great to hear from ukrainians making exactly that point. we do need to stick with these sanction, you're right in 2014 we were surprised, let's be clear, the world was surprised when vladimir putin for the first time since world
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war ii used military force to change borders, to invade a neighbor. we were surprised, it took us a while to get those sanctions on, took us a while to coordinate with the europeans, we're still doing. now, we've got it. we know how to do this. we know how to do this quickly. we're seeing benefits, neil, we're seeing benefits of all this coordination, these meetings in advance. the sanctions are hard. the sanctions in 2014 were probably two on the scale of 1- 10. they were probably a two. the sanctions that we're putting on now, because they are so focused on the russian economy, and so widely supported, they're almost a 10, about a 9.5. even the sanctions we put on iran are about a nine so we're going after the central bank, we've never gone after the central bank in a nation like russia, and that is hammer ing the economy, so we need to keep it up. you're exactly right, to raise
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this question, do we lose, do we flag, no. we need to stay with it until ukraine wins. neil: let me ask you about what the president said about sanctions. they aren't used for deterrence so the idea was never to deter vladimir putin. that was not what we were hear ing when they were first being slapped on russia, so where are you on sanctions and whether they are there? >> so i, neil, was of the view that the threat of sanctions on putin when he heard, i thought when he heard the range of sanctions and how serious we were about putting sanctions on we even talked about swift, which is not quite as harsh as the central bank that i just mentioned but swift is on the table. not only that, when we were talking about that, i thought that this be a deterrence. i thought that the calculation of the russians in particular
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president putin would say that's a pretty high price. i'm not sure that the benefits of me invading and killing all these russian soldiers and all these other costs, i'm not, i thought he would say, i'm know the sure it's worth it. well i was wrong. it didn't deter him, and now, we are punishing him, number one, but number two, we are reducing his ability, the russian economy 's ability to support this war effort, and it's both punishment and it's a constraint on his ability to fight this war neil: we'll see how it plays out , ambassador great catching up with you, thank you again. >> thank you, neil. neil: all right, china is still trying to not necessarily look into this ukraine mess, but that plane crash earlier in the week that killed 132 people, they've got the black box, that thing is something that never gets destroyed in these crashes. they are trying to ascertain exactly what happened because everything was normal until that last minute. what happened in that last
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people on board, and everything was going okay and really until just the final minute of the flight. they are trying to find out what the heck happened there. boeing obviously following this very closely, it was a 737 jet in question here. keep you posted on that and all the days latest headlines with gerri willis. gerri: neil that is right. it is a big mystery surrounding the crash monday of a boeing 737 -800 jet in china, deepening after investigators found an apparent piece of the plane six miles from the wreckage suggesting that the jet suffered a mid-air brakeup, and as you say, none of the 132 passengers on the china eastern airlines flight survived. chinese officials say that if the part that broke loose before impact is looked at carefully, it could offer clues as to the cause of the crash, and as you mentioned earlier, a second black box has gone missing.
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investigators have been baffled by the fact there were no emergency radio calls from the pilot. gm will idle an indiana truck plant due to a chip shortage the fort wayne facility builds the chevy silverado 1,500 and gm c sierra 1500 in a statement the detroit auto maker saying there is still uncertainty and unpredictability in the semiconductor supply base , and we are actively working with our supplier toss mitigate potential issues moving forward. and finally, tesla, a member of the trillion dollar club, all over again, shares were higher earlier, now down almost a percentage point as you can see , tesla shares gained more than 30% prior to today's trading day, and that is the longest stretch of gains since an 11-day streak in january of 2021. that 30% gain in just eight trading days, neil? back to you. neil: they always say that if anyone has a shot at becoming
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the world's first trillionaire is elon musk, but i can't get my hands around that, my gosh. gerri: it's a lot of zeros. neil: as rich as you. gerri: almost. neil: gerri willis thank you very much. gary kaltbaum, larry glazer back with us. guys it is amazing here, tesla, despite the downdraft today its come back might ill it from those lows that had it well into bear market territory. you could say the same, you know , gary, about how a lot of the technology stocks have come back from their lows not back to where they were, but certainly out of bear market territory. what's really going on, do you think? >> i'd look to give it a bull market but i have to tell you that 50% of the nasdaq dropped 50% or more, and a lot of stock s for lack of a better word , were bust. there are stocks that are down 70-80% from the highs some of the chinese abr's down 90% so i
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just think they just got ridiculously oversold, stretched and extended to the downside. china back-stopping their market which is very much technology laden, i think was a real good catalyst and now, we're in bounce mode. how far we go, i don't know. i am hoping we don't see reaction like we saw in adobe which is a very important software stock in the last week that was just crushed, even after it dropped a lot and we'll know that in the next three or four weeks. i do worry about earnings going forward, because we are dealing with higher cost for everything down the food chain and that is just something i'm going to be watching closely, not just what they say, but the reactions in the next quarter. neil: all right, by the way the adr, to which gary refers to, usually china, a good man it of them are in that way and in that form in this country, of course they've not been received
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favorably, i think it's an under statement, but larry glazer what do you make of what's going on in russia when it comes to foreign investors and the slow reopening of its markets preventing them from selling it off, forget about short selling, from selling period. that can instill investor confidence if you're locked into a loser, right? >> i think you make a good point there as well. look russia today is a military powerhouse and they are a global threat but not an economic powerhouse and if we were talking about china and serious if this would spread to chinese equities as gary mentioned, it be a whole other conversation. that's really where recessions begin because we're so reliant on the chinese economy, and chinese big technology companies are really powerful companies, but russia really, it's a fraction of a percent of the s&p 500. now russian debt defaults that's another story, neil but i think all of this is leading to the conversation that the u.s. becomes the best house in a lousy neighborhood and we came into the situation with really good balance sheets in
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the united states, companies, individuals helping us weather the storm but also the idea this is a safe haven. if you're going to put capital to work and put it in europe which is much more affected by what's going on in russia, or put it in u.s. , you certainly aren't putting it in china and feel good about it only if you're very risky, so that's the idea that we can get through this , because on a relative basis, we're a more defensive place. at the end of the day as gary mentioned it's all about earnings, valuations have come down which is a good sign but we've got to see policy and we've got to see companies be able to execute and navy gate this inflationary period. we can't hope that prices of food and energy come down. we've got to make changes and navigate the environment. neil: yeah, that's not going to happen anytime soon, clearly. you always look for the worrisome signs, and you guys are pointing out before how consumer confidence has dipped. i look at some other matters too like the past due subprime auto loans that climbed at the highest rate we've seen since
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april of 2020, usually where there's smoke there's fire, starting to see it in new home sales, existing home sales, pending home sales, people, you know, walking away from house purchases either on their own, because they are concerned or , or , on the things that go expensive. so gary, on that level, do some of these crumbs i've sprinkled out worry you? >> neil, everything worries me on a daily basis. the one thing i'm watching most, you've gotta watch housing markets and you have to watch the stock market. i'm a big believer a lot of the economy over the last few years is the wealth effect from massive money printing and keeping rates down at 0%, which is fueled the housing market, making people feel much richer. if both those go by the wayside, i think we got big problems going forward and you're right. you have to watch the ability
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for people to payback of their loan that starts at subprime and goes from there, and again, this is, that word subprime is a bad, bad word that we had to deal with many years ago and you know what happened at that point in time and there's a little bit too much talk from our fed heads that don't worry, everything's okay, it'll work itself out. i watch the numbers, i watch statistics and if inventory in housing starts to pick-up, you'll know and if the stock market starts to head down further, you will know. those two things front and center. neil: all right go ahead. >> that wealth effect, it starts with equity and people's homes gary and the same breath the consumer says i'm worried about x,y, and z but i'm going to vegas, gary gets me tickets to disney world so people are spending money, they feel good about it. it's because you have a 50 year jobless claim despite a 40 year high in inflation so that
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conundrum can't continue and i agree it's the credit markets we need to keep an eye on. neil: it's not about the gambling in vegas, larry it's about the breakfast buffet. but that's a whole separate thing. gentlemen thank you both. i want to thank you both for that. we're following developments also on the covid front. this new strain that's got a lot of doctors worried. late en on today i'll be talking to dr. fauci about it whether he is too, in the meantime, what it could mean for you, and our country, after this.
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being hypocritical here, and actually, double standarding here. jonathan serri on all of this , right now. jonathan? reporter: hi there, neil well the exemption applies not only to athletes but also actors , actresses, professional performers in the city. the cities new mayor says sports and entertainment are essential to new york's economic health and that previous exemptions were supplied only to out of town athletes and performers were unfair. take a listen. >> this exemption has been put in our sports teams as at a self -imposed competitive disadvantage, but this new order would help boost our economy. reporter: but the mandate remains in place for the city's private and public workers, who can lose their jobs for refusing to get vaccinated. that is not going over well, with new york's police beneve lent association, p va president patrick lynch
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complains if the mandate isn't necessary for famous people then it's not necessary for the cops who are protecting our city in the middle of a crime crisis. the ceo's of the nations leading airlines are complaining of another double standard. in a letter to the biden administration, they write that it makes no sense people are still required to wear masks on airplanes which have hospital- grade air filtration systems, at a time that 99% of americans are allowed to gather without masks in venues such as crowded restaurants and sporting events. the airline ceo's in this letter said that they supported the mask mandates back when cases were higher, when the science was pointing in that direction, showing it was effective, but they believe that they are now in a very different position with cases low, with many more treatments available and with the air filtration systems, and they say at this point their employees are required to enforce these unpopular mandates they have been doing for the past two
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years and that it puts an undue burden on them, and they say the science no longer supports it. neil? neil: yeah, be that as it may just be consistent to your point , jonathan, we're going to have a carve out for athletes and entertainers and all, and not the average joe that doesn't seem right. one way or the other just keep it consistent for everybody. great job, jonathan, let's go to dr. bob lahida, all of this happens at a time when the number of covid cases worldwide is down markedly but this new strain is subvariant b 2a obviously doctor, you've reminded me of this , it's prov ing a little bit stubborn bon a lot of the speaking in china, and number of countries in europe especially italy i understand, it's starting to do the same here. should we worry about it, doctor >> well, neil, we may have a spike, because of the ba 2 which is we call thought the stealth variant. it's 30% more infective than the
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original omicron and for those who are immunosuppress ed those who have problem problems or are on chemotherapy, the elderly could be at significant risk. normally it causes just a cough, fever, fatigue in congestion in people with no co-morbidity so it is a worry but not a big worry. neil: i misstated it ba 2 i apologize but is it more contagious than the omicron wave and or like omicron where you did have a high number of cases, you didn't have a high number of hospitalizations, and blessedly deaths, so the reaction you get from those in charge, in cities, in states, in countries is, you know, don't over do it. don't go back to masks, don't go back to lockdowns, where are you on this? >> yeah, i agree. don't go back to masks, don't go back back to lockdowns at the present time. measurement of the viral
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particles in wastewater is what we're going on now because most people who get the ba .2 variant or omicron for that matter test at home and they stay home and they don't report their infection to anybody, so we don't have good numbers except for people who come to the emergency room or hospitalized or placed in the icu, neil. neil: so a lot of people would say from the immunocompromised to those who might be a vulnerable part of the population, should they still worry? >> i would. i be worried if i were in a crowd where you didn't know who was vaccinated, who wasn't. the key here is ventilation. good airflow if you feel wind on your cheeks, as some of my colleagues said, then you know you're okay. you're in a room where there's ventilation. if you're outdoors at a mets game or yankees game that's okay. if you're indoors, and it's a big, huge room and there's a lot of ventilation, that's okay too, and i think that's what the mayor is getting at with regard to lifting the vaccination mandates and
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indeed, he's probably going to lift the mask mandates for the nba games in new york city. neil: you got other problems if you're at a mets game, period, doctor, but i digress, so let me , kidding, kidding, a lot of mets fans out there. this double standard in new york , you've heard about it, doctor, obviously. what do you think of that, you know, exemptions for athletes and entertainers on vaccine requirements all of that, not so for average folk, my argument was just keep it consistent for everybody whatever you do. >> i agree. keep it consistent for everybody we're now allowing people to go to restaurants, they can go to bars, they can go to gyms, they can get rid of their masks but i'm saying to people if they are patients of mine i say use common sense. if you're in a closed space and you don't know whose there and everybody is screaming and yell ing and they maybe vaccinated or unvaccinated, or god forbid people have symbols like a cough, they are sneezing, you've got to worry about that,
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and wear a mask in that situation. common sense is the key here, neil. neil: got it. doctor, you're a good man, smart doctor, that's for sure, good catching up with you i appreciate it. >> good to see you, neil. neil: all right, dr. bob lahita on that. now everyone knows the 9/11 museum, right? are you aware of the 9/11 tribute museum that was up and running years before the big 9/11 museum. its difference is it was for victims survivors and others with personal ties to 9/11. well it's preparing to shutdown. why? after this.
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[ kimberly ] i feel so much better. i feel energized to go outside and play with my daughter. i can ate anything. like, i don't have to worry. clearchoice changed my life. neil: all right, a very special museum, special for me, if i can express my bias here, is on the verge of shutting down. 9/11 tribute museum is actually years before the famous 9/11
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museum, not so far away, but what made it unique and special to me visiting it was led by victim's relatives and survivors and others who had direct connections to the tragic day, and it's just not getting the traffic that it used to. it's a shame, hope that can change, jennifer adams web is the co-founder and ceo of the 9/11 tribute museum, kind enough to join us. jennifer i can't believe this. it's a beautiful museum, very very special. it hits your heart. this can't be. i was even thinking knowing you were coming on is there a way it can be folded into the 9/11 museum but just not shutdown? >> oh, neil, well thank you so much for bringing this important issue to light. we need champions like yourself to let the public know that this important institution that has meant so much to the surviv ing community of 9/11, to their welfare and to the education of hundreds of thousands of our students that come every year to visit tribute
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, we may not be able to be there for them. unfortunately, if i can give you some context with covid, we had just moved before and then we were shutdown for six months, and we really heavily rely on the international tourists that are not back to new york city. neil: but you know, i get the international tourism thing but you had a lot of local interest, a lot of people when it comes to these museums are from the new york tri-state area , new york, new jersey, connecticut. did that dry up as well? every time i'm there, it looks crowded so what happened? >> yes, we do get , you know, some tri-state area, but so many of us lived through 9/11. it's not something that unless you have friends or family in town, that you would really come to see because we lived through it. we know it, but the survivors that come and first responders and recovery workers and union workers that worked in the recovery, that you know, need that support and need a
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constructive outlet to share their story, that's what they do a tribute, and it's a vital part of the students that come here and hundreds of thousands of them that get to meet and interact first-person with someone that experienced 9/11 directly. hearing those stories makes an impact on those students. neil: absolutely. you're right, jennifer. >> sorry, go ahead. neil: no, no, i rudely interrupted you, your own personal connection if you don't mind. >> sure. i actually worked in world trade 1. hopefully i don't look that old but i workedorrldworaderadera iid de l a l goendhod w wkeew floorsoe ae me m in traldde 1am was w hd lyn lwhynal ln, seas 2 w66 ld bri biri bi biououou efrer mfragemfrtem aenem a st hlo lier thafe tratict and a lfhathatt i i dooos in mbof meded doort downwn a ino y mureststders and re wrs trstt are now n n succg tooolatedat
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llss mo ple hleed sincein 9 ar hun hdred hdr of1repo on o 9 thousands of survivors out there that are also still suffering from not just the post-traumatic stress, but those health issues that still plague so many of us. neil: you know, jennifer when i try to remind people about this because i am showing my age about this but the beautiful thing i've loved about your museum is it's being told people who experience it had a direct connection to it, and i have one son who was born hours after 9/11, and i always think that it's important for him and his brother to, younger brother, to know what happened and know the magnitude of what happened but through the words of someone who had been there, lived that, i'd like to tell friends who visit i defy you to leave
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without tears in your eyes and i think to lose that be a tragedy. is there anyway, or is there even blending with a 9/11 museum , or separate funding. i always assume that you were funded the same way the 9/11 museum was. what's being looked at? >> so what we really need is we need a quasi-solution, a champion maybe someone from wall street, the community that experienced 9/11, they can step up and really help us in the interim for some immediate support, and then really some garment support. we've been talking with senator schumer's office, senator gille brand, we've reached out to them to really try to help us reach the governor, mayor, to support this vital institution that not only supports the 9/11 community but also educates, as you said your son, you know, to meet someone, a family member, a first responder, a recovery worker, survivor, or resident of the area to hear their story and be able to ask questions.
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neil: very different. very different and we did a special with hbo right before the pandemic, with middle school kids, and understanding what they know about 9/11 and what they don't. it's astonishing. they know it was something bad and they know nobody wants to talk about it and that's hard and for teachers teachers are struggling with how to bring this into the classroom. if there is no mandated curriculum for 9/11, and that in itself is tragic, because, you know, we experienced this in the bombing of the world trade center in 1993. the same radical islamic group came back in 2001. we said we would never forget and here we are 20 years later and we're struggling. neil: jennifer, we forget. one thing you learned about history is you keep repeating the mistake of forgetting history. i take nothing away as i'm sure you don't jennifer from the 9/11 museum itself, you know gets millions of visitors every year, and they do a great job, that
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horrible day and the aftermath, there are great guys there who will tell you great personal stories but this is unique. this tribute is just that, to that spirit from the people who have a direct connection to that day, while they're still alive and very much part of this fabric, we got to keep this thing open, jennifer. >> absolutely. you're right the 9/11 memorial is an incredible part of history and it marks the spot at which so many people lost their lives, and we worked, we advocated really strongly to keep that eight acres who is some of the most expensive real estate in manhattan. neil: absolutely you're right. >> to remember, and it is a vital place, but there also is a place for celebrating the resilience of the aftermath of how america came together, how so many countries stood up with us in the aftermath and that's really what tribute and celebrating in a community that shares their stories of resilience and if we need a story out there today
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it's resilience that's for sure. so that's what we see and we really need someone to step up and to help us along with our government partners to keep tribute alive for the people not only that were affected but for the hundreds of thousands of students that we see every year that come to tribute. we've already got 4,000 students booked for the summer and i don't want to let them down. we need someone that will help us be there for them. neil: jennifer you're a wonderful human being, and you do wonderful work there, i hope we can get the word out because as you said, if we forget what happened that day, or it becomes a fog what happened that day, we were attacked on our soil. there was evil and brutality there, long before some of the things we are seeing today. we should never ever forget that i want to thank you very much for joining us. >> thank you, neil. thanks for hemming us get the word out much appreciat ed. neil: i urge you when you're in the new york area, see this
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contained, but there are rebels behind it of course its been a problem for the royal kingdom here fighting off those attacks from these iranian-supported malitia, but it's under control now, we don't know the extent of the damage, it was enough to just on word of the attack, lift oil prices. they since stabilized here but they are still pricey with a barrel of oil fetching a little bit north of $113 the last time i checked. enter this raging debate now over trying to compensate for oil that we used to get from russia, for the world, finding other sources right now. a guy made a liar out of me showing oil at about $112 so back down from the levels it spiked earlier. alex is back with us center for industrial progress, founder and the ceo of the moral case for fossil fuels stepping back and just arguing for something not only that we have an abundance in this country and by the way in this world, but that it could do a lot of good in the process.
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alex very good to have you and thank you for coming. you make another argument that goes beyond silly politics, the left or the right, to say this is something that will help mankind. this is something that will protect humanity. could you go into that a little bit? >> sure, i think it's important that, you know, leaving aside the pandemic, the last 40 or so years have been just unbelievable for human life. you take something like the number of people who live on less than $2 a day, that's gone from 40% of the population to under 10% of the population, so that's billions of people being liberated from poverty. how does this happen? it happens because of low-cost reliable energy, powering machines that make us productive and prosperous and fossil fuels have been the overwhelming source of that energy because nothing matches them in terms of cost, reliability, versatility and scale and my argument is in a world where billions of people
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still desperately lack energy we need more fossil fuels, not less neil: all right so what do you say to the environmentalists out there who say we need far fewer fossil fuels than we need wind and solar and all these others, good for humankind, good for the world. you say? >> well, i think we're seeing what happens with that argument because the number one adopter in the world of that argument has been europe and what happened in europe? they restricted domestic fossil fuel production and trade with friendly countries like us because they were told that unreliable solar and wind could rapidly replace fossil fuels but what happened they became dependent on foreign sources, and so it's great to replace fossil fuels if you have a replacement and if you can replace the not just for the people who have them, but for the vast majority of the world who doesn't have enough energy, and so i think people are totally leaving out the benefits of fossil fuels and then they are taking the negative side effects, it's not that fossil fuels don't have
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negative side effects but if you ignore the benefits it's like being against the polio vaccine because of its side effects and ignoring the fact it stops polio neil: we could help everybody if we were all in on all of them. you don't have to prefer one over the other. >> freedom is the real policy. neil: that's exactly right. that's very well-said. alex, thank you very very much, good seeing you i'd love to have you back. he does just step back for a minute to get away from the nastiness and the case that as a people that needs to advance and needs all these securities. fossil fuels are a key part of that. they just are. we'll have more, after this. i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support
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the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com stuff. we love stuff. and there's some really great stuff out there. but i doubt that any of us will look back on our lives and think, "i wish i'd bought an even thinner tv, found a lighter light beer, or had an even smarter smartphone." do you think any of us will look back on our lives and regret the things we didn't buy? or the places we didn't go? ♪ i'd go the whole wide world ♪ ♪ i'd go the whole wide world ♪ better hearing leads to a better life. and that better life... ...starts at miracle-ear. it all begins with the most innovative technology... ...like the new miracle-earmini™. available exclusively at miracle-ear. so small, no one will see it. but you'll notice the difference. and now, miracle-ear
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neil: all right, oil prices at only $112 a barrel so we've come back down but what a perspective we have now, where we think, you know, that's great news. it is what it is, perspective. charles payne, to you my friend. charles: neil, speaking of perspective, that was a fantastic interview with the 9/11 museum, she was absolutely amazing. neil: you've been there, right it's just stunning. charles: we've got to keep it alive no doubt about it. neil: i hear you my friend. you could do it. charles: [laughter] have a great weekend, neil. neil: all right, buddy. charles: i'm charles payne this is "making money" and breaking right now so the mark markets reanderring a bit but really improbable in so many
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