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tv   Cavuto Coast to Coast  FOX Business  April 1, 2022 12:00pm-2:00pm EDT

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stuart: i say robert. it is james. the most popular name, the most popular name in the last year was -- anybody realized this? are low, that's what the prompter says. it's not an april fools joke either i don't think. my time is up. it's been a great week thanks to everybody for being on the show. it is yours. neil: are low? really? i don't know. i don't buy that. you want to talk to the person who puts this to gather because i think you have been sent on a ride. have a wonderful weekend. let's take a look at what is going on, on minor selloff relatively flat in case you're counting 40,000 jobs added to the economy, 11 straight months we've seen that many jobs added
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was the unemployment rate down 3. 6%, that would normally trigger concerns the federal reserve has to tighten more and more often than was thought to be the case. it is not a huge worry, we are following something else, the inversion here where shorter securities are featuring higher rates than long-term securities whether you are talking about what is happening between the 2 and 10 year notes or the 5 year and 30 year bond. it gets a little in the weeds here but it is not always an accurate barometer. for example we have had inversions before. they don't always lead to a recession but every recession we ever had has featured an emergent prior. we look at it and we will be looking at it more. the jobs report, the markets are sort of digging through even now. edward lawrence has more on that.
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>> reporter: it is not what the market expected, but 430 one thousand a good number for this, the unemployment rate the lowest since february 2020, 3.6%. inside the numbers you see a little weakness, average hourly wages going up 5.6% but inflation at 7.9% so workers are finding jobs but losing money because the price increases of the things they buy, marty walsh admits the administration has more work to do. >> the putin price hike with oil and gas we are seeing across the country, the president's plan right now as what he's working on with us is to bring the cost for consumers down. >> reporter: where are the jobs, leisure and hospitality added 112,000 retail created
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jobs, manufacturing adding back 38,000 jobs, construction adding 19,000. what is interesting is which sections are coming back to pre-pandemic levels. leisure and hospitality is down 1.5 million jobs. on the other side of that, retail is starting to create jobs passing 2020 levels, transportation and warehousing and some sectors making big gains and others lagging behind, the president only finding the bright side of this report to stress more spending. >> president biden: americans are back to work and that is good news for millions of families who have a little more breathing room and the dignity that comes from earning a paycheck, the dignity of having a job. more and more americans get jobs as they do it will ease the supply pressures we've seen and that is good news for fighting inflation. >> we are still down 1.6 million jobs from pre-pandemic levels and one more point, the white house
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having to clean up again, the president yesterday saying you could pay $500 a month switching to renewable energy, it is $500 a year. back to you. neil: thank you very much, edward lawrence following those details. with a strong report like this you could look at the estimates out there they are all over the map so whether this is considered disappointing or stronger, a look at the unemployment rate the fact of the matter was this prompted renewed talk at the federal reserve when it does meet will it hike interest rates more than thought? already telegraphed jerome powell maybe half a point hike at the next meeting, could be another half point hike after that meeting and this report might have reached the skids. mitch rochelle joins us again. gary, you are the federal
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reserve handset on open-market committees and you look at the latest data and do you pull the trigger on a bigger rate hike? >> yes but a year too late. the big problem right now you mentioned the inverted yield curve which presages down the road recession. everything in the market, the stock market that i am watching is screening trouble for the economy. retail stocks remain a bear market, housing stocks, go look at the new yearly low list, all housing stocks, housing related like sherwin-williams and whirlpool and now we have to add another thing today, the transports down 650 points down 1100 points the last three days. if the market had a voice it is yelling the economy is now tipping over and they will start raising rates into a slowing economy. neil: that issue with
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transportation stocks, part of the dow theory that is a preview of the general economy and looking at a slow down. do you by that? do you think that is what we are in for? >> i think it all rests on the consumer and i'm worried about the consumer. when you look at the jobs report, you see growth, leisure and hospitality that includes the summer travel season, that will get hurt by higher fuel prices a, inflation will hurt people's propensity to go to a restaurant so i am worried about the consumer and when i hear the labor secretary say the putin price increases i think there are more systemic issues and the fed's tool of raising interest rates is only one thing they could do but ultimately the consumer is going to weigh in and stop consuming and that could be why
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we see this yield curve inversion. as gary pointed out you are looking at potential recession down the road and the consumer will lead it. neil: what companies are doing before they realize they are out of steam they are paying their workers more in this latest period, wages up 5. 6% year over year, the cost of goods and inflation in general eclipsing that so whatever extra money are making your losing in real terms. do you see this phenomenon playing out, that wages go up at a nice pace but they simply cannot keep up with inflation? >> the pce expenditures, that's the most important thing. we are not talking gucci loafers or pocketbooks, we are talking about necessities and that was one big giant number. when you have 5.3 million more
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job openings than unemployed you've got to pay for now and goldman sachs junior bankers threatening to quit if they don't get their way and apple employees threatening some not so nice words that they are going to quit, it is like the employees have the strength. that will eventually change but employers need to pay up in order to get more people. 5.3 million job openings more and this is a record, than not unemployed right now, that is a big number. stuart: neil: on the issue of whether the employees or workers have all the edge here we might be seeing some cracks in that. more returning to the workforce or looking for work, those who quit, even those considering retirement, dipping their toes
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back, is that because they are just worried about what is going on? >> i think there are two camps, those who are gainfully employed and trying to rewrite the rules of employment and those who have been sitting on the sidelines who can no longer afford to sit on the sidelines because it's costing 50% more to fill up a tank of gas, chicken prices are up 50% and so on so i think they are being forced to go back to work to afford among other things rent and the the gary talked about, expenditures. but i don't think this trend of balance of power shifting to labor in terms of rewriting the rules is a long-term thing. i think it is a temporary transition as we get back to work. the reality is those paying the salaries are going to win. if they mandate you have to be in the office you will find over time workers will be back
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in the office. neil: i want to pick your floridian minds on disney, the controversial place, what to make of that and how it will affect the economy and disney? a lot more coming up on that and taking a look at what is going on ukraine, the russians are saying the ukrainians had a sneak attack on them and went over the border to do it, they are all aghast at that, ukrainians are not saying much on this subject but the best i understand it, it's bad for them to cross over a border attack the russians. it's not bad for the russians to cross the border and attack them? we are on it.
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neil: ever wonder whether amazon should handle these military deliveries we have for ukraine, having a devil of a time getting weapon system we promised them including switchblade drones that are all the rage right now, they could use the hundred that are en route but it hasn't happened that hit has got to be a cause of concern not only for the
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ukrainians, president zelenskyy himself has a problem but the pentagon is trying to deal with the problem, let's go to jennifer griffin who is there. >> reporter: the us is facing criticism from members of ukraine's parliament and members of congress that it is not sending enough aid into ukraine fast enough. >> we are asking to abandon this artificial distinction between offensive and defensive weapons. we are defending our land. in our situation all types of weapons are defensive. >> reporter: the pentagon says the war in ukraine is far from over and pushed back on the idea that us weapons and security assistance shipments to ukraine have slowed. all of the $350 million in us weapons shipments pledged on march 14th have arrived in ukraine as have the $200 million worth worth of aid pledged afterwards. press secretary john kirby said
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weapons began flowing within days of the president signing off on the recent $850 million in legal aid. >> from the time he signed the order to the first shipment going on its way, the department of defense has never moved with this kind of speed as it has in the last few weeks. >> reporter: this comes has the governor said a pair of helicopters fired on oil depot used by russia to use their forces, resulted in a ball of fire scene before sunrise today. ukrainian officials would not confirm ukraine's air force was behind the strike which would be the first known attack inside russia by ukrainian forces since the start of the war on february 24th, a significant escalation and message to moscow. >> i can neither confirm nor
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reject the claim that ukraine was involved in this simply because i do not possess all the military information. >> reporter: russia has redirected 2000 russian troops based in georgia as part of its occupation since 2007. another sign that russia has lost more troops in ukraine than it would like to admit. neil: back to our old friend on the show, let the united states fight the good fight in ukraine, former u.s. army special's intelligence officer, you might have heard little bit of that report about the frustration even among those at the pentagon about getting these weapons systems, military aid to the ukrainians and it it not happening. i am wondering how much that has hurt them and you in this battle?
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>> the ukrainians are frustrated on the ground level, $360 million they sound like a lot of money but it is nothing compared to what is needed on the ground and i'm still curious where the first amount went because not one ukrainian commander i've spoken with has seen it and these are the guys on the front lines daily. i hope the funds were not being misappropriated. there are a lot of misconceptions because the us at ministration does not have enough people in ukraine and i hope guys like you and your audience hold people accountable if they are not doing what they pledged to do. you can't run this war from pooling, where most of these groups are and the truth is civilian organizations are having to do the job of the us government and a lot of the issues of getting supplies into ukraine is because they are unable to move as quickly as groups like ours. i hear that legal aid and medical aid, supposedly they can't get it in here and that makes no sense because i just did a large supply run into poland, medical items for the front lines funded by donors
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and the states and never once had a problem crossing the border. if the us government is withholding aid meant for the front lines because they are incompetent then somebody needs to do something to fix it. why am i getting calls from ukrainian commanders who are not receiving the aid they were promised. you understand how demoralizing that is for ukrainian soldier? this isn't that complicated. i can't figure out why the switchblade drones the biden admit straighten promised would help ukrainians change the course of the war weeks ago have not arrived in country? house that my team and a bunch of american donors back home personally supplied more drones to the ukrainian front lines than the entire us government which has a blank check of all the resources in the world to do so, what are we doing? neil: maybe amazon should handle this. when i order something, a couple hours later -- maybe they make ukraine a prime customer and get that past. having said that, i am curious
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to get your take on the russian charges that ukrainian soldiers targeted an oil refinery in russia and they are all aghast at that and i don't know what the ukrainian position is nor do i expect you to know military operations at every level in ukraine but i did find that a little odd if not a little hypercritical for the russians to condemn one country for intruding on its border and attacking not stating the obvious that what they are doing in ukraine and relentlessly attacking. >> i hope they did strike russia frankly but you played a clip earlier about the offense versus defensive weapons, the jury is out whether this was a false flag operation of the russians claimed that and potentially did not get more weapons in their. i like talking the business angle with you because i don't
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talk that subject much since i've been in country, i've got to tell you one of the things that inspires me is how many business leaders in ukraine have come together and pool resources to help get into the front lines, industries are being heavily damaged or destroyed, you have ukrainian businessman finding ways to support the war effort. i've met guys who have turned clothing factories into tactical desks or armor plates from leftover material. i brought in this truckload of food and basic necessities from poland because ukrainian business men gave me their trucks and drivers for free and access to their personal warehouses in part of the country, we offloaded supplies into these warehouses and local citizens stuff to their cars full of as much supplies as possible and drove them through strike zones to places like kharkiv and kyiv and the risks they are taking to help their fellow citizens is unbelievable. on multiple occasions i tried to pay for their fuel or something because these ordinary citizens are risking
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their lives but they even refused to accept that. you should see it. these people are coming together and make no mistake, the globe will feel the economic fallout from industry and the were creeping up on the. other countries will soon feel it in their personal lives. industry is being destroyed, not just the agriculture sector and the fact that farmers aren't able to plant wheat and sunflower, there are major manufacturing supply issues for items here and example is michelin tires, they said they were halting production in some areas of europe because of significant supply chain issues from the russian invasion of ukraine. people should start preparing for this, this global economic issue and plan accordingly. neil: i said this last time, what impresses me about what you are doing is you don't have to do it. you have family members in the state saying knucklehead, we want you alive and well, but you are doing this.
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it seems trite to write to ask you the same question but lot of people have to hear it. why? why with great risk to yourself am a great personal risk, do you do it? >> we have the capability of doing it, interesting background and a lot of men like myself are helping the fight and we have the capability of supporting these people in ways to help them out we are going to do it and we are trying everything we can to help in as many ways as possible and it is built into our soul, built into how we were made and we are going to help wherever we can. neil: the former u.s. army special ops intelligence officer, could have watched this on tv but is helping people out. flies halfway around the world, put himself in danger to help
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people in greater danger. it is remarkable to me. always are markable in the business front, news out of amazon, employees at the warehouse in staten island voted to unionize, this is a groundbreaking move, trying to bit by bit, warehouse by warehouse, to unionize the largest retailer on the planet and succeeded, the vote was close, union organizers, these numbers might not be ironclad, 2350 in favor of joining a union, 1912 opposed. the union has already said this is a start. it is not the end. more after this.
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neil: this is something amazon has always avoided and it's better than three decade-long run, a giant retailer, including e-commerce and physical stores, much more on the e-commerce front. workers voting to unionize the staten island warehouse facility, first time in amazon facility has gone union. that put the stamp on this. using this as a test case to expand on that, starbucks workers have been doing the same in the seattle area and elsewhere. to address that issue here, the auto the is amazon workers are paid handsomely as our starbucks workers. $20 an hour range. nevertheless this trend is
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picking up steam in staten island, new york. we will keep watching. we are watching what is going on with disney. it has gone didn't do -- too work for its own good and governor desantis saying you enjoyed special status that you don't deserve. ashley webster in the middle of this, they call it the happiest place on earth but i don't know if it is happy these days. ashley: not today. good afternoon to you but we will get into this. the heat between governor ron desantis and disney is heating up more and more, on sex education, from third grade to kindergarten. republican lawmakers in the state are saying, pushing your way into politics, we will look at repealing a law that was
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signed or an agreement signed 55 years ago that gives disney the right to have its own government here, its own kingdom if you like a republican lawmaker in florida sent out a tweet to that note, if seems fitting they should be regulated by orange county. orange county would be the regulator. it is a blue county. as for the governor, he senses disney is dishonest and hypocritical. look at these countries where disney is looking to expand its business, and they are looking to expand. countries like algeria, egypt, more rocco, saudi arabia, all of them ban homosexuality. that's where the hypocritical part comes in from the governor.
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bottom line, disney relies on consumers and going woke is not sitting well with almost all the speaker we -- people we spoke with. listen. >> i think disney -- there are policy disputes and that is fine but when you are trying to impose a woke ideology on our state we view that is a significant threat. this will destroy this country if we let it run unabated. ashley: let me follow-up, the people we spoke with agree with the governor saying disney should butt out. listen to their comments. >> i think they shouldn't get involved in it. they should entertain us and do what they do best. >> as a parent i want to tell my child what i think about it. not a schoolteacher. >> we are talking kindergartners through third-graders, need to learn the things we talk about, reading, writing and arithmetic, not sex. ashley: on top of this, there
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is an open letter, anonymous letter signed by other members, employees of disney who say wait a minute, we don't agree with this woke approach, we are conservative, we feel the environment is fearful to be not left leaning and woke and that adds to the mix to come back to what we started with i don't think this is the happiest place on earth right now. neil: i wonder what the impact will be, traditionalists who don't like disney getting into these issues and those on the woke side to argue disney should be getting into these, what are mess. ashley explained it nicely. in orlando, florida, not the happiest place on earth right now. two florida residents with a pretty good idea the impact this could have.
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disney is ubiquitous particularly the orlando area and you have to start thinking if the state reassess whether the special status is enjoyed deservedly so, an iconic place to go, a lot for the state but now things could be getting tense. what will the fallout be? >> i think the average disney customer probably isn't overly engaged in it. i don't know that this news story is overly pervasive and people planning a trip this summer, this spring to the happiest place on earth probably aren't focusing on this. there's a tidal wave, and and the plurality of employees, big companies spend their lobbying
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dollars, half on the left, and cancel culture has driven them, and they are expanding into places around the world that have radically different views, and pipe down and keep their mouth shut and focus on making their customers happy. neil: no matter what position they take here they can't win but by the same token for governor desantis and the powers that be, disney is a huge employer, revenue generator that brings people from all over the world, this could escalate to mutual destruction. >> oh yes. politics and money mix and let me quantify, the year before
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the pandemic, 75 million visitors to central florida impact, economic impact, $75 billion supporting 500,000 jobs, 500,000 voters. we are not sure how the ends up but if one family decides not to come that is one less family. i live here in central florida. it is wall to wall coverage at this juncture on the local news and i gather it is going other places and it speaks to that if any company decides to take, quote, aside, they need to recognize there is another side and not take any side here but i am not so sure people are focused on this because all i know is the word woke is now in the left plakon - lexicon
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everywhere i go. this is got to be watching, we are talking big dollars, not just in central florida but all of florida, and a tourist haven. >> we are getting more details, and an amazon warehouse. -- amazon would say at the time generous pay packages, that didn't jibe with interest, they are texting me on the details of this. to unionize this facility. anthanage,e,t he the thehe pus the cth of eoiseo
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stuart: neil: apple can't get out of its own pr way. there's concern about how far it can go with its back to work policy where it gets people back in the office and get over the covid thing and demand everyone be back five days a week, could beef three days or less but it created a firestorm among workers, susan lee is following all of that. what is the issue here? just going back period? or the number of days they have to be back? susan: there are reports that there have been a few apple employees upset about having to
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return to the office. you have to remember apple has 164,000 employees and with 2 or 3 on its message board it doesn't mean the majority are upset with his return to office, this plan apple had in place. apple told us they were going to reopen on april 11th and they are welcoming back their employees, that goes to 3 days a week starting in may. looking at the other silicon valley giant, this is in line with what we've seen across the board in san francisco so google has gone back to the office starting monday, microsoft welcoming workers back last month and meta returning this monday and you can apply to work elsewhere. microsoft says its employees will be back in the office at least 50% of the time, google has to do three days in. that is similar to what apple
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is offering and might require you to go back four days a week according to the google memos i have seen. that means you need management approval to work from home if you want to blue here's -- if you're going to work outside san francisco or new york, workers at meta, google and other silicon valley tech giants have been cutting salaries and pay to be in line with the expense of the cities and remote work that they are doing. neil: people got used to this remote work. a number of people pay handsomely at brokerage firms and investment banks, they don't like the 5 day a week thing. firms are coming back and saying we need it for the, router he but i am wondering how long and how wide it spreads, these are different
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industries and businesses all joined in this argument, we were very productive as workers and doing it remotely, we are not asking to be all remote but for a balance and i don't know how this finishes. susan: it is across different businesses and industries. someone makes the argument that the easiest type of industry to work remotely because you are writing code where is if you work and investment banking which is client based you need to be back in the office and talking to individuals and groups, we talk about amazon, staten island, amazon said they would allow their workers to work indefinitely from now, they don't have return to office date but you heard the amazon ceo say you are supposed to be back within a day so there are limits to the work from home and it is a hybrid environment a lot of tech
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giants are proposing but there are companies and tell me if this sounds attractive, they will let you work from home forever, you work at the jack dorsey companies, you never have to go back to the office. neil: sometimes they do it with talent, they long since fired you but you think -- you think you are doing your job. come on, don't knock it. the illusion. you are the best, thank you very much. a couple more details on amazon, apparently staten island assembly voted to unionize two days ago, looked like the union effort was going to fail but they kept pushing and pushing and one of the things they were pushing is the
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issue they were raising about being different to employee demands. that, combined with bemoaning the ceo, the pay package combined to turn things around and that facility is likely to be unionize, the national labor relations board has to vote on it. starbucks or another couple of individual stores go union, the issue there wasn't they weren't made enough but they wanted more generous working conditions which seem pretty generous but apparently not enough. more after this. unless you happen to be a dog.
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neil: the drama is unending. this isn't a week old. we are learning the academy wanted to kick will smith out after this incident with chris walk, which will rock, asked him to go wouldn't go but this footage from another angle, don't understand it but none of that happened. it is a mess.
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kelly o'grady is following it from los angeles. this story will still be raging a year from now but what is the latest? >> i think you' re probably right. more revelations are coming out regarding the slap heard around the world but as we get closer to finding out what repercussions will smith will face some information has been contradictory. the latest, from will pack her breaking his silence in an interview with good morning america he revealed the lapd was ready to arrest will smith immediately following the incident. chris rock declined to press charges. earlier this week the academy released a statement that smith was asked to leave and refused but they complicated the narrative sharing his coproducer indicated to the actor he was about to be removed but chris rock did not want smith kicked out. the comedian hasn't formally addressed the incident but in his first standup show since the last one, he received a 15 minute standing ovation and when processing the experience,
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one fan shouted profanity about smith, rock shut it down in line with the d escalatory approach thus far. the academy hasn't issued disciplinary proceeding against smith for violating standards of conduct, the actor has 15 days to submit a written defense before the academy before it meets on april 18th and what could happen to him? that is what we are asking. a number of options ranging from suspension from the academy, exclusion of the presenter nominee, expulsion, or even taking away from his oscar. context on past punishments, roman polanski and harvey weinstein have been expelled for worse offenses but kept their trophies. regardless what the academy decides this is a conversation about what role and responsibility these celebrities have as raw models and are the hollywood elite exempt from consequences? it will still be raging next year. neil: i have a feeling you will be busy. how would you like to deal with this and all of a sudden start
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worrying about some people in the audience acting up? caroline hirsch joins us, the founder and owner, it is a phenomenal phenomenal -- they built the best but i was thinking of you when the pressure you might be under, how do you change anything? is there a fear that in this environment people can come up and attacked the comics? there are always those who are shouting and all that, but you worried that now things have hit another level? >> we don't -- the incident that happened, don't want people to think they can take the liberty of coming up to somebody and punching them on stage are going through heckling. we have to make sure this doesn't happen. we have to compete keep the comedians save on stage because there is a place they go and cross lines to come up with things that are really funny because what is funny is when
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you are able to cross a line and make the joke so we have to make sure -- neil: will you beef up security just in case? what have you done just in case? >> the same type of security. we never had anything happen like this before and i don't think it will happen again. it is an isolated incident. it was a narcissist that went on stage and slapped the comedian. you can see will smith made it all about him. it was all about him. what he did was not good, i am sure he wishes he could take that back. neil: always enjoyed myself, every time there are hecklers and most of it is in good fun. they crossed the line and i
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remember a gentleman carried out, and -- >> if there's lots of chatter, they are heckling a comedian too much, and we do it in the most polite way we can. sometimes it is a little resistant. and take their party with them. stuart: and pretty much security. stuart: we need to laugh and let it rise. >> in the last two years with what is going on in europe.
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neil: all right, we've got oil
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prices sliding down a little bit here, you don't want to over state that here its been a wild week in general but ever since the president announced he was going to tap the strategic petroleum reserve and tap it like no president ever has to the tune of a million barrels a day up to six months could be 180 million-barrels, that might have done the trick for now. the question is going forward, how you replenish all of that oil, because that reserve is only so big and this could deplete it by about half if he gets what he wants to get out of it. hillary vaughn following that out of capitol hill. hillary? reporter: hi, neil. president biden admitted today, they need to do more to bring gas prices down, but instead of trying something different, he is dipping into an old playbook by announcing the relief from the strategic petroleum reserve something he's already done twice since november, but still, gas prices continue to rise.
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>> by far is the largest release of our national reserves in our history. it is a wartime bridge is the way i look at it, to increase our oil supply as we work with our oil, u.s. oil producers to ramp up their production to get us through this period. reporter: oil & gas association president tim stuart saying this about the announcement, " tapping the spr for the next six months may get the administration through the mid-terms but it does nothing to increase production." goldman sachs commodity analysts say that this is going to address some of the oil shortages that we have right now , and potentially level out gas prices, but ultimately, is not going to address the overall drop in supply that they say will essentially lead to a deficit in 2023 and that the reserves are likely going to be resealed and the independent petroleum association of america
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saying this. they see crude oil sales from the reserve to relieve the recent spikes in gasoline prices not because there's a crude oil supply emergency, but moreso a political problem for them. at issue is what role should the spr play in responding to product price spikes and temporary shortages and the answer is none, and of course, republicans say that these solutions are really not going to fix the problem at all. >> trying to pull from the reserves is even worse than a bandaid application. it'll be meaningless, maybe 10 cents, maybe 20 cents because a "lot of this is based upon the futures markets so investment is going to go overseas or go nowhere. reporter: and neil, you may remember in fall, before gas prices really rose to where they are now, president biden essentially poo poo'd this idea of dipping into the reserve because he openly admitted it would really only bring gas prices down by a couple cents, but since then, it's something he has returned to as a way to
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fix high gas prices. neil? neil: yeah, well he's taking that and putting it on steroids now, so how you makeup for that is anyone's guess hillary vaughn thank you very very much. we did mention here and hillary touched on it the idea you're going to tap this thing to the tune of knocking available oil supply in that emergency reserve by half. how do you make that up, clair chase is the mac energy corp. vice president and public and government affairs clair how do you make that up? that's a lot of oil to take out of something that is saved for a dire emergency, obviously gas prices going up, you know, emergency of sorts for a lot of people i don't minimize that. i don't know if it justifies this response but your thoughts on how we replenish that? >> well, neil, it's a great question, and i think that we have to consider that when president biden is making this distribution, they probably purchased the oil at a much- lower rate so not only are we going to have to figure out how to make it up but it will
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cost the federal government to do that, so as i've said on your show before, president biden has made it very difficult for oil & gas drillers to drill here in america. the rhetoric coming out of his administration up until a couple of days ago has been very negative and, you know, we hear that. we see that, and we make our choices about how we drill for oil accordingly, so you know , what we need, now it's great that president biden is saying we're going to work with our domestic producers. well it's about time and it's difficult when you speak out of both sides of your mouth. he wants us to increase production but also wants to fine us for not uses the leases they've accrued but there are a lot of other issues the federal government has in order for us to really take advantage of some of those federal leases. so, you know, we'll see where he goes with this. neil: well, he has targeted the oil industry itself and i know separately congress is going to have oil ceo's come up
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to testify, i think it's next week so you guys i'm speaking in general, have become the wicking boy here but i'm wondering why. there are reasons why energy companies buy leases and have them as standby to explore their worthiness and whether they're worth the time or effort or whether there's enough oil, so they tend to buy more leases than they absolutely need, and then there's the issue of the approval process but even the 9,000 or so leases we're talking about now, that's down markedly from the more than 30,000 leases the industry had a little more than a year ago so it's not as if they're not, you know, doing things. it's in their interest to do things. it's in their interest to make money, and if they can make money they will, and if they can lease and make money off that they will, so i always find that this is a false argument. >> i couldn't agree with you more, and part of the leasing issue too, neil, is that yes, we were able to purchase some of those federal leases, but then
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when we do horizontal drilling, you know, the fracking, we may need to acquire a couple more federal leases in order to complete that job and there's a ban, so if we can't get the federal leases that we need to complete the job then we can't take advantage of the departments that they approved, and to also make a point, the bureau of land management has about 4,000 applications for permits to drill waiting for approval on their desk, so yeah, sure, we have the 9,000 leases that have been approved but we have another 4,000 that we would like to get approved so that we can take advantage of all of this , and they just are making it difficult for us, so i don't know how president biden thinks we can ramp up drilling if they aren't giving us the tools we need in order to be able to do that. neil: it is amazing, i mean, you just have to understand how this works and how supply and demand factors out, even the concern about future supply
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versus future demand, but the fact of the matter is, even if clair, to your point, people had this jaded view that oil guys are in it for the money, they love money, money, money, then it be in their interest to drill away especially at prices like this. i mean, man that be there so why are they doing that? maybe because some of these leases, some of these cases it just isn't panning out or the delays and processing and the administration takes a while wie got to be fair to all sides here and that's not happening. clair, thank you very much, clairhase is the mack energy vice president of public and government affairs. but sometimes, just step back from the politics and just look at basic facts, what's required to get oil out of the ground and eventually get it to you at the gas pump. it's a process. it's a big process, and doesn't madison alworth know it right now, to help you deal with that higher price forward that the process a number of localit ies, chicago among them, offering incentives, rebate, you
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name it to help absorb the blow of this. madison, tell us a little what's going on. reporter: absolutely, neil. so some chicago residents are going to get a boost when it comes to gas prices, and i'm only saying some, because in order to get help, you have to win a lottery. so mayor lori lightfoot announced that 50,000 gas cards with $150 pre-loaded on them will be given out to chicago residents over 18 years old. there's another 100,000 people that will get cards worth $50 for public transportation. this all starting in may so how do you get them? enter a lottery and those who enter and win are a select few, so i did the math. with just over 2 million adults in chicago, that means that only 7.4% will be getting one of these cards, which, by the way, won't even last you that long with current gas prices. you know, but everyone, regardless of whether you get the card or not, you'll still pay the gas tax in illinois which is incredibly high, so breaking it down you're
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paying 8 cents per gallon in chicagoan additional 6 cents in cook county and everyone is paying that additional $0.39 per gallon for the state but of course this feels really exciting because it feels like free money, and i say feels like , because when it comes government, there is no such thing as free, where you think they get that money from, the taxpaying residents of chicago and illinois. here is the thing though, when the gas truly is free, it results in long lines, so massachusetts car dealer ernie b otch jr. offered 7,000 gallons of free gas on social media. the result? drivers waiting nine hours overnight to get some free fuel. this was announced in a social media post promising april fools , but also saying that it was no joke, the first person, neil, was in line last night at 9:30 p.m. they waited all night, they started fueling at 7:00 a.m. this morning. the line shutdown just after 8:00 a.m.
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botch jr. gave away around $30,000 worth of gas and had such a positive reaction, he said he would consider doing it again. neil? neil: which builds up the demand for the gas which builds up the price for the gas oh, man. thank you, madison, great job. madison you've got a lot of gas stories of late, but i had a feeling they are going to keep coming let's go to chris gerase on this , uber/lyft driver and you know, those higher gas costs are something that he has to endure and they get passed to you and all the help that, you know, the uber and lyft try to provide , or say they are providing for their drivers, according to you chris, it just doesn't cut it right? >> no, unfortunately it doesn't both companies are doing a surcharge for passing along some fuel as help to drivers but when you're out on the road, it might help on the short-term trips like in the cities, but if you're taking a couple long
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trips or anything like that, then it's pretty much null and void. it does help a little bit, but it's definitely not enough. neil: what are they talking about now, either uber or lyft in terms of still more help because prices are a lot higher than they were just a couple of weeks ago, so some of those plans were put in place at a time we were $0.20 less per gallon of gas so what are they telling you now? >> well uber has said they are going to reevaluate as it continues on, so it's an ongoing thing. there hasn't been anything more since then, in fact they took away one of the other incentives for ev's at which was from uber green so 50 cents given to drivers has been taken away because they said the fuel surcharge is going to also help that, so you take one, you have the other, but uber hasn't really done much. lyft has done the 55 cents surcharge for all markets and they are also doing a cashback
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program similar to what doordash is doing, if you have a lyft debit card, so for those who can take advantage of that, that's going to be helpful but for the several drivers including myself that don't have that, well, again, it's going to be the same thing of just that fuel surcharge per ride. neil: how your customers react to this , chris, because i assume a good deal of that gets passed along to them, and they probably take it out on you. how does that work? >> yeah, so unfortunately, people have not been too happy about hearing that, because they think that 45 or 55 cents surcharge is going to break them , but in actuality, it's only 45 or 55 cents. uber has that sliding scale of 45 or 50, lyft has 55 cents, and 100% does go to the driver, so when if you're looking at a receipt, you'll see a 55 or 45
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cents fuel surcharge for the ride you've taken and that will go to the driver, it does not go to the company or either platform, so that's at least a good thing but yeah it's only 45 or 55 cents and unfortunately, people are not real happy about that. neil: i bet. but boy, you're the guy taking on the chin and all your fellow drivers, so there's got to be something here to deal with this , but man. it's out of control, chris, part -time uber and lyft driver, the rideshare guy.com contributed to that. all right, taking a look at florida, of course you know it's booming and i'm not talking about all the disney controversy and all that it's just booming as a state. millions are moving there, they like the low tax environment, here is the thing though. florida makes money in other ways. real estate taxes come to mind, and they want to slap big real estate taxes on this beauty here , looks like a beautiful ocean waterfront home, right?
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well its owners say no, it's a house boat and we should be subject to all of that. good luck after this. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪
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, amazon warehouse has gone union, first time that has ever happened at a u.s. facility for amazon. gerri willis on the fallout and what happened and what could be next, gerri? gerri: neil this is a big story today i have to tell you. staten island new york amazon workers at jfk 8 fulfillment center they have vote in their first union at the first amazon warehouse in the country. now, after the two-day ballot count, workers at the warehouse as i said it's known as jfk 8, the biggest in new york city, voted by a 423 vote margin, that was 2,654-2,131 to be represented by this upstart amazon labor union. now, that union movement started in early 2020 there were several employees walking off the job to protest safety measures, and the group failed in its first shot at getting a union vote, failing to clear the 30% that
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they had to have for support, but they regrouped and the decision passes in their second attempt. i want you to hear from the fel la who formed this union , christian smalls, listen. >> job security and the working conditions haven't improved since the pandemic and even before that, workers deserve more money, higher wages, the cost of living is going up in new york, the inflation and gas prices and food, rent, all these things. gerri: and so this marks a turning point, really, for unions across the country and it's going to be seen as a big win for the union movement. of course amazon's not had a union in the 25 years of operation and we've started to see unions make end roads at companies like google, google in missouri new unionized, tech workers at the new york times now unionized, starbucks barista s have become unionized, and the big question, of course, for amazon today is well, what
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does this do for your business model, which relies on that two- day return of goods getting those goods to customers as soon as possible and it requires amazon to really have perfect control of the labor force, what it does to that business model, and i have to tell you, this also has ramifications for inflation across the country , because as we know, neil, wages are one of the most important inputs into the inflation number, and into inflation pressure. you can talk all you want all day about the price of used cars , but at the end of the day, it's what people bring home that matters. neil? neil: absolutely, and the irony in all of this , there are other factors obviously, but the pay at google, the pay at starbucks, the pay at amazon, is extremely generous, by fellow company standards here, so sometimes it's not that black and white or not that simple to people and only drawn to the pay part of it , so it bears watching as you said, gerri thank you very very much. meanwhile, i want to take you to
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sunny florida right now where they're having a storm, no, no not over the disney thing, its come up a lot. it really has to do with what looks like a beautiful mansion, right on the water but the owner s aren't paying those sky high florida real estate taxes, because they argue we don't have to, because this is a house boat. looks like a mansion, but it's a boat that floats and leave us alone. it's not quite that simple, katrina campens joins us luxury real estate specialist, but katrina it did serve as a reminder, right? i mean, you might dodge the tax man when it comes to salary and other things in florida, but, but, you do have to pay real estate taxes and the property appreciated markedly as you predicted it would, so there is that, and these folks who own this mansion on water are opening to dodge that. where does it stand right now with them claiming it's a house boat? we don't have to pay those taxes
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>> never a dull moment in florida right, neil? neil: right, right. >> this is something that's quite interesting. the owner of the house or the boat basically has filed a lawsuit against the county because the county is trying to charge him property taxes of 120,000 based ironically on the value of what it be worth as a yacht, so they used comparable yachts to determine what the value be , so that's the irony of this , and meanwhile, the owner of the boat has filed a lawsuit against the county claiming that they are in violation of the florida constitution which does not allow for you to charge property taxes on vessels. now this is a very slippery slope right now because think of all of the huge yachts that have bedrooms and bathrooms and kitchens in florida. it's going to be very interesting to see what happens, and what's really interesting as
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well is that the owner of this vessel, basically hired a captain in february and actually took the county officials around south florida to prove that it could, you know, act as a vessel , but they are still in the midst of litigation on this point. neil: you know, i'm looking at a lot of the pictures and you know this area of miami, florida better than i do, katrina. seems to be the only structure like it on the water and i do notice that this couple is blocking a land mansion and their view of this water, the waterway, whatever it's on, so i'm sure it's creating some waves even among land owners who are paying, you know, pretty high real estate taxes, now thinking that this couple is dodging it altogether. where do you think it ends up? >> well it's actually parked on star island currently so it's at someone's home, you know, with the permission o of that homeowner, and the concept really came about because there was a shortage, you know, of
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housing and so forth and so also it's very ecofriendly. that's something else that's important to note, so it actually is solar powered and so the owner of the house -- neil: what about all these ideas , katrina, and say i'm going to go this route and they start crowding waterways and lakes and the rest where we never had this type of activity where now suddenly we will? >> it's definitely a very interesting point. we have had house boats before and we've had controversy with that in the past, many years ago , but never to this level. never where something actually looks like a home and is solar powered and yet, it's still able , you know, to travel as a vessel so it's definitely going to be very interesting to see what the end result is of this litigation going back and forth. again, in florida, you never know. neil: you never know is right. i was reading an article in the florida sentinal about what's going on in southern florida about real estate appreciation, all of a sudden
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now year-over-year up $73,000 for the average homeowner, obviously the higher up you go the more significant, but obviously, then, your properties reassessed at that higher level and you pay still more in real estate taxes so does it get to be a double-edged sword for a lot of people saying wow, i'm saving all this in taxes, state taxes all this other stuff but i'm getting walloped on the real estate side. >> well the big reassessment really comes when you sell your property which is why we still have one of the reasons why we still have a shortage. a lot of sellers are on the fence, they don't want to sell, they know that they can get almost double sometimes for what they paid for these properties less than two years ago. you're seeing such appreciation, but where are they going to go? that continues to be the main question here so we still have a shortage. florida, south florida is predicted to increase about 7% next year. we have seen single family growth continue to rise because of the lack of supply, you have job growth in florida, you have
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just so much opportunity quality of life as well, and south florida is definitely leading that, so people ask me what's going to happen in florida. i continue to see the migration from new yorkers and people in california, so i don't think that it's going to stop anytime soon. interest rates are going up so that's definitely a component we need to look out for , but there is a lot of cash in the market and people are using real estate as a hedge against inflation one important point, neil, is that rental prices are skyrocketing in south florida. it's becoming extremely expensive to rent in the city and many people are comparing it to prices in new york already. neil: you think it's a bubble? >> i don't think it's a bubble. i think that it'll slow down in different parts of the united states but i don't think we have the conditions of a bubble. i think this is very different because of the lack of supply and the supply chain issues which are continuing to really hinder the ability to provide inventory in the market, even if you're looking to buy something that needs work you're looking
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at a very long duration of time to be able to turn that property around, which is why you're see ing people that are able to do so flip properties for a huge profit. you're seeing huge numbers in palm beach county as well people flipping properties for millions of dollars a couple months later and you're also seeing that appreciation in the market, you know, less if you have something less than a million dollars and you put it on the market you literally have a frenzy of multiple offers competing for that property, and that's going to continue especially because investors are competing with single family people who basically want to rent out the property because they know what they can get for rental properties here. so the question is, neil, are you coming to florida? neil: yeah, i'm coming right to that scene behind you there. it looks beautiful. katrina thank you very very much i appreciate it my friend, katrina campens, she called one day and said oh, the big real estate thing, no, no, no, take a look at what's happening here and now you see what's happening there. all right the dow down about 105
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points right now, we're going to give you the latest on this back and fourth with words between ukraine and russia. russia is upset saying ukraine crossed a border and attacked a russian oil facility. i'm not noticing the irony in that complaining about another country invading their country. it's weird. we'll have more after this. i'll pick this one up. i earn 3% cash back on dining including takeout with chase freedom unlimited. so, it's not a problem at all. you guys aren't gonna give me the fake bill fight? c'mon, kev. you're earning 3% cash back. humor me. where is my wallet? i am paying. where is my wallet? i thought i gave it to you. oooohhh? oh, that's not it either. no. no. stop, i insist. that was good though. earn big time with chase freedom unlimited with no annual fee. how do you cashback? chase. make more of what's yours.
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neil: all right, ukrainians aren't talking about it much but the russians certainly are, anger at ukraine for targeting an oil facility in russia, in other words that the russians are upset that the ukrainians went in and attacked something on their land without any reference to the ukrainians maybe being upset, but the russians attacked their land , but be that as it may, the back and forth on this continues, connell mcshane following it all at our one touch, connell? connell: i don't think ironic
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does it justice, neil, this video clips that we just showed while you were speaking are what russia claims was an attack in their territory. this is one of the situations that's a big development in this war if it's true and we're being careful to couch us because ukraine has not confirm ed anything but if you look at the area in dispute here this is the border of course that we zoomed in a bit between russia and ukraine, kharkiv we've heard so much about the ukrainian city hit so hard, belgara in russia is the area where this fuel depot is located, to hear the russians tell it, these helicopters came flying in at low altitudes and they struck that area here, we've been having some technical difficulties by the way with our maps popping in and out on us a little bit but they struck that area it tells us, they tell us the russians, ukraine has neither confirmed nor denied that that is the case, so for the timings, our map is up and running so let me try to go to another development that we've been focusing on today.
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we talk all the time, neil, about the south and the east of the country, about how russia is trying to wall things off as the story goes and control these areas, but what we're really watching closely now is how they're doing down here in mariupol, in terms of getting people out, and although we thought there be reason for optimism in our reporting today, it's tough to see whether or not that's coming to fruition. the red cross has been trying to get into get a convoy or convoy s out of mariupol. the mayor there says 5,000 people have already been killed and 170,000 are trapped in that city, the last we heard from the red cross, they said it was very challenging to get in, so although there was a report of at least one convoy getting out, it doesn't look like they are having much success in getting people out of mariupol, and then we'll chance it here for one last point because in and around the capitol city of kyiv, that's the other place where we have to watch how the developments come up, what we've done is put a radius up of 25-kilometers around kyiv and neil the last
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point i'll make today, look at how much blue is on this map? earlier this week we were talking about kyiv and how you are pushing the russians back the ukrainians, there wasn't this much blue. what the blue indicates is a claimed counter-offensive from ukraine, so that's whetherrer from ukraine's point of view the good news is still developing able to push those russian forces further away from the capitol city. neil? neil: thank you for that connell mcshane, we do know that vladimir putin is frustrated with the pace of the war. there are certain stories out, president biden pointed to this one, that the russian leader might have already put some key advisors under house arrest or worse, and then there's the issue of this intelligence report and whether they are afraid to tell putin what's going on, karen pierce is with us now the british ambassador of the united states. ambassador great to have you so thank you for taking the time, but what do you make of these reports that vladimir putin is snapping and losing and
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arresting folks, folks are afraid to talk to him, that he's isolated? >> i think it's a really interesting development that putin creates this culture climate of fear around him, so that his own generals dare not tell him how the war is really going, and that's interesting for two reasons. it may lead the russians to miss calculate but it's also interesting that they don't feel they can tell the president of russia what's really happening, and, you know, is that because of the fear that putin inspires in them? is it for some other reason i don't think we know exactly why this is happening, but it cannot be helping russia on the ground. neil: do you think, ambassador, we fear his reaction too much, when his ability to spread even beyond ukraine given the difficulty he's having in ukraine might be just not
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warranted, that he's not up to that kind of a fight, that he is threatened even about countries that are not paying for gas from him in rubles and he threatens you name it and then he goes away and says all right, whatever, so is his bark really much much worse than his bite? >> i really wouldn't go that far, neil. i think we're still in a very dangerous situation as far as russia is concerned, including for the region around ukraine, not just for ukraine herself but also the baltics, georgia, maldova. i wouldn't like to take anything for granted but i think it's absolutely right that we see how russian capabilities have not turned out to be what putin wanted everybody to see. they've been shown as being not capable on the ground. they haven't got their tactics right. they haven't got their supply
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chains right. their economy is being squeezed and their ability to wage war, to buy equipment is much degrad ed, so i think yes, all in all, russia has been shown to be not as capable as we all feared, but i wouldn't like to say that that wouldn't lead to further consequences. in my experience, putin always has more than one objective. neil: so if his objective is just now desperation, right? he's like a wounded animal, but you're quite right, ambassador, maybe that is worse, because you feel you have nothing to lose, this is not turning out the way you want. how do allies and those who support ukraine in this fight, britain to the point as well, how do you respond to that? we've been very generous as the united states and all these other prominent western powers in providing humanitarian
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military aid but what do you do next? >> well we want to go on providing that aid. prime minister boris johnson was at the nato, took part in a telephone call recently with some of his close allies. president biden was on that call they agreed to continue to supply ukraine with this defensive weaponry that is really helping the ukrainians push the russians back. that's things like anti-tank and anti-air weapons and more common parts of equipment like body armor and we're also anxious to get more humanitarian aid in and get that also to the neighboring countries who are the first-line of contact for ukrainian refugee s but yes, in terms of the geostrategic picture, we watch what happens in moscow very closely. we don't make any complacent assumptions. we've got to be alert. it is always a name, in my view,
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always a name of president putin to split the west in some way and we need to be alert to that because the next line of attack on that front may not be ukraine neil: ambassador, however this ends in ukraine and we hope soon and we hope without much more blood shed, would you recommend the british that sanctions should remain in effect against russia as long as vladimir putin is in charge? >> i think that be a big step. it be a step that leaders would need to discuss. it's very hypothetical at the moment because sadly, there isn't an end in sight to what russia is doing in ukraine. we all wish there were that russia would get a cease-fire and start to withdraw, so i don't want to make assumptions about the future, but what i do know is that sanctions will intensify for as long as russia is continuing this barbaric war
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against ukraine, holy unjustified. neil: karen pierce, very good taking to you again, have a safe weekend, ambassador. the british ambassador to the united states, karen pierce. all right, we've been telling you a lot about what certainly has been going on with amazon and this unionization push. we have scott martin coming up in just a couple minutes about pushing where, and to what other companies, and used to be about this that only have a company that didn't pay its workers well well in the case of some of these incidents where we see more unionization efforts, do they pay their workers very well. are we missing something? after this. meet jessica moore. jessica was born to care. she always had your back... like the time she spotted the neighbor kid, an approaching car, a puddle, and knew there was going to be a situation. ♪ ♪ ms. hogan's class? yeah, it's atlantis.
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neil: all right, i think it's been five months since president biden nominated gigi sohn to fill that democratic seat on the sec and she's still not on that sec seat. i don't know, charlie gasparino, is she ever will be, what's
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going on now? charlie: there's a chance of that. let's just point out two things number one this is a huge position for the u.s. economy on the sec is the overseeer of all things telecom, you name it, media. this is a big, big, seat to fill she's an activist, left wing activist and brilliant, she's smart, but she has opinions that were out there, and they're costing her right now, and here is something else that's interesting here, neil. this is why this is such a big story. number one, i've never seen a time where the fraternal order of police and none of my sources have heard of it that the fraternal order of police have opposed an fcc commissioner, unprecedented. number two is that if this thing , if gigi sohn's nomination doesn't get through it's a huge blow to the biden administration's economic agenda which as you know has been moving pretty far left to stop mergers and other things that they consider anti-competitive, so this is a big deal for the business community if
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she gets held up, and as of right now, it is held up. here is what we know. the fraternal order of police has opposed her nominations and they say she's anti-cop, she's put out statements that somehow, went from verged on the police through her views on telecommunications issues. they believe she's anti-cop. they have been working the hill over the past month, telling every democrat particularly moderate democrats, figure mike kelly in arizona, mastro in nevada. these are moderate democrats that, you know, if they lose the fraternal order of police backing they may lose their next election and the fop is saying if you vote for gigi sohn you lose us and here is what we know , as of know, chuck schumer the majority leader, has not brought it to a floor vote in the senate because of that opposition and because these moderate democrats are on the fence. now here is a couple caveats
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here, neil. as i'm talking right now for all i know, schumer has twisted arms and got people on board and all you need is 5,050, kamala harris breaks the tie but we do know it's being held up because of the fraternal order of police and again, unprecedented territory here with an fcc commissioner being held up by the cops. back to you. neil: that's a wild one. i would not have seen that one coming charlie thank you very much. charlie gasparino. well you probably look at rocket ing meat prices and wondering and i have a bone to pick with my grocer. see what i said? well, guess what? now you have another bone to pick, because they are higher still, after this. trelegy for copd. [coughing] ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze driftin' on by... ♪ if you've been playing down your copd,... ♪ it's a new dawn, it's a new day,... ♪ ...it's time to make a stand. start a new day with trelegy. ♪...and i'm feelin' good. ♪ no once-daily copd medicine...
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neil: all right, amazon responding to the stunning development in staten island new york where warehouse workers voted to unionize, amazon saying it's evaluating its options including filing objections with reported influence by the national labor relations board, that we and others witnessed in this election, so we'll keep track of that, but amazon not quite buying that vote or willing to endorse that vote but back and fourth continues, to scott martin on the significance of this. scott, the kingsview asset management cio, fox news contributor. scott, you know it's interesting , lately the shops
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that have gotten unionized and i talk individuals like starbucks or certainly google and now amazon's case, pay and benefits beyond generous, over-the-top in fact, yet still in these localized instances, a union vote. what do you think? >> well, state-related in some cases as you mentioned new york versus alabama, and some of the other areas, no surprise, they go a certain way and some areas versus others but you're right, neil. goodness, looking across tech land, seeing as that being fertile ground for unions now is definitely a change in the tide and something that i think tech isn't quite ready for. you mentioned google, apple has been in the crosshairs as well and i'll tell you, with regards to unionization, tech is about to suffer maybe a will smith-style smack across the face. if unions to permeate that area, because of the fact that they have operated so well without
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any union influence because of the fact you said, man the pay is good, the stock pay is good, the rsu, the iso, we work with a lot of executives and workers from those companies, and they are handsomely paid based on the fact that the companies do have great stock plans for the companies or for the employees rather that work for the company. neil: you know, this could be like a wildcard development out of left field nothing comes of it sometimes you might succeed in unionizing one local operation but it doesn't go national, but what was interesting to me, what little i discovered and really this was from the source and a friend who had followed this very closely in staten island told me that a key to making it happen was cit ing the workers the fact that , you know, the ceo of this company, jasse, the amazon head who succeeded jeff bezos, he made $212 million last year. and that was kind of like a pitch to say, some of these guys that have way out of whack salaries, not saying good or
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bad, saying that that was a theme, pounded again and again and again. what's going on here? >> well, that's a long-held narrative. we heard that a lot in the financials back in the days too when you had big bank executives making a lot more than the tellers and folks that are even just under the c level executives at the financial firms, neil and listen i appreciate i guess to use a word the union tactics there because those are the pain points. those are the narratives that they need to hit for joe or jane worker because that does ring true. the problem is though with that narrative is the fact that a lot of those areas have taken some risk, so that's why that has to be different pay. neil: we'll watch it closely scott, thank you. more after this. dad, we got this. we got this. we got this.
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neil: all right, prices still dropping, the dow kind of is in between kind of even money right now, to charles payne, how charles. charles: grinding it out my friend, thanks so much. folks good afternoon. i'm charles payne this is " making money" breaking right now, you know, really its been a mixed session right, lots of moving parts, a pretty good jobs report but a very worrisome manufacturing report, then become there's the bond yield in version. great news is april has been an amazing month for investors. people are now running out of money, so what are they doing? hits the bricks and going back to work. michelle gerard is with us to help breakdown the days jobs report plus the happiest place on earth is engulfed in

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