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tv   Cavuto Coast to Coast  FOX Business  April 27, 2022 12:00pm-2:00pm EDT

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1914. stuart: i actually knew this, you would be surprised to find out the actual answer is 1858 can't believe that, so early, my goodness me. here is the story. queen victoria sent the first message, congratulating president james buchanan on the completion of the cable. a few weeks later the cable stopped working. thank you, ashley, great stuff. neil, it is yours. neil: thank you very much, stuart. look what is going on here. from all the technology trying to do its part to come back as well today. visa, microsoft, as stuart's been telling you here are a big reason for this advance. without either of them it might be a very, very different story right now but what is interesting about this comeback here is that it's not necessarily broad-based. we still have a number of technology names, big large cap names, almost two dozen, that are now down, not only bear
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market territory, they have been cut in half in all of this. they include the likes of paypal, netflix, can tell you about meta, the old facebook. as we kind of drill through these just a reminder this bear markets that exists in some of the biggest names and probably the most illustrious names that remains. that is something to consider, not just a correction of 10% or more, not just a bear market of 20% or more, but a uber-bear market if you will, down half, 50% or more from those earlier highs. that is something we're keeping an eye on. how much ground can be made up by that, we get a read from scott martin, kingsview cio, jonathan hoenig as well. scott, when you look at a day like today, i do notice it is very, very hard for the market to put two back-to-back winning days together. they will get a spurt of activity, all of sudden it will dissipate. more of the common rule is to
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sell than to buy. that might change. but it has been a pretty reliable rule of thumb. what do you make of that? >> a factor of the market phase right now, neil. you get good earnings, good ref us into, the stock goes up, gets sold throughout the day. that will continue through this earnings season. you mentioned a couple of names in your intro there. my goodness, facebook coming out soon, amazon and apple have to come out as well. the good news if there is any silver lining what happened with netflix some days ago, the expectations are starting to come down. google yesterday too. as the companies come out with new reports if facebook falls flat on its face, pun intended you might not have a big of a selloff as you might think. things are selling off today getting expectations of at least lackluster earnings for this period of time. neil: if that happened to facebook that woulding a meta disappointment.
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see what i did there. meta. no one appreciates my wit. jonathan hoenig, let me ask you about this, we touched on this before, jonathan, what do you tell investors today? especially with big technology, even fall-off some that went well into bear market territory, they still made a lot of money on them and as one investor told me i just don't want to run it back to no gains at all so what do you tell them to do? >> it is about all one's own individual context, neil, also expectations and also stocks themselves. as you mentioned some names like facebook, like microsoft, netflix down 70% year-to-date. meta down 50% year-to-date. it has to gain 100% to get back to evening. some expectation setting is in order here. we had a dramatic come back since the pandemic lows, meme stocks, "faang" stocks, technology across the board.
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these led the way up across the board. the fact they're sputtering even now, neil, 555 new lows, 8 new highs. the market is having trouble getting going without tech leading the charge. neil: you know, guys, what i thought is kind of interesting, maybe a story of our times, what happened to robinhood, announcing it would lay off 9% of its workforce. this is a means young people in particular, as you know, scott, got into the market. i wonder if that is saying something about the frenetic activity behind that, whether this is an indictment of that? what do you think? >> there was. i tell you splash in -- flash in the pan from robinhood. darling, to sale that word from you, ipo smash year-and-a-half ago. they got public. they got liquid. a lot of folks got rich off that, privately holding those shares. kind of exceeded in that route. once you know what the company had, trading issues going on
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with the company not well-run, it got the right valuation, continues to do so. of course competition. with respect to what they're doing they're not doing anything amazing with respect how their business is. therefore as they continue in their line of flight here i expect the stock to go lower. neil: for technology as a group how are you playing it these day, jonathan? >> i'm actually avoiding it, neil. neil: wow. >> technology is such a major part of the s&p 500, the dow. these are the no tech companies anymore. apple, microsoft, netflix, these are the stalwarts off the overall economy. s&p 500 index fund is big portion of technology stocks. as scott alluded to, times are different now. we're not in the midst of the pandemic. pelotons, zooms, those stocks are underperforming. inflation is the big story. 10-year yield has gone from 1.6% to 2 1/2% in just one year. these are different times.
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it require as different portfolio than just technology stocks. neil: all right. guys, if you stay right there, want to get the latest right now on twitter and tesla. that battle here, the kind of hints that elon musk is dropping what changes are to come at the social media giant. let's get the latest from kelly o'grady in los angeles. kelly? reporter: neil, good to see you. well the latest is that elon has actually already broken his agreement. he is allowed to tweet about the merger, tweet about those stocks but as long as those tweets don't disparage reps. he did questioning decisions to censor the hunter biden story and other decisions employees made. he blasted that decision, saying quote, suspending the twitter account of a major news organization for publishing a truthful story was obviously incredibly inappropriate. that was in response to a political story that had reports that twitter's top lawyer was, said to be known as the moral
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authority within the company broke down crying in a meeting over musk, what musk's ownership could mean. he played a key part censoring that content and booting former president trump from the platform. i want to ken tex allize what he is dealing within side the company. he is taking over a work place a bastion of liberal politics. 99.3% of twitter employee donations in 2022 went to democratic candidates. you see that there. that is the most of any of the big tech players that will be one of the biggest challenges for him. turn around plans will need to change the culture of the company from inside. he laid out his plan for changing some of that with content moderations with a newly penned tweet, simply match the law is what his vision. his vision is being seen as an attack on the company's homogenous idealogical environment, sentiment shared by mainstream media. neil: all right. reporter: sorry, we would
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supposed to have a sot there, neil. neil: i understand. kelly, i would be curious, when you hear this, there is a growing sort of conviction among conservatives for example, elon musk is one of them, welcome to free speech. more right-wing or right-leaning speech. i'm not necessarily convinced that is the case. he is, nothing if not echeckic, has views run counter to conservative thought, or liberal thinking. i see him more of a libertarian here and that could be in the mix. i wonder whether we jumped to conclusions here? >> i think that is such an excellent point. there is so much expectations for him to come in and, you know, make all of these conservative hopes come true and i think what you could see he said, i want people on, 10% of either extremes. if they're upset, then i'm doing
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something right. so that means he is not going to be preferencing conservatives. he just wants to create an even playing field. so i think you could see conservatives, let's say a couple, once he takes oaf october 24, frustrated with you know, hey i want all these people back on the platform. i want all of these tweets out there but he is going to draw a line. there are going to be standards that he already said at the ted conference where some things will be considered violence to do things. you're exactly right you could have frustration all the hopes are not coming to fruition. neil: it will be a big issue to watch. thank you very much for that, kelly. by the way tesla stock itself is up little more than 3%. so the 120 some odd billion in market value that the company lost yesterday that elon musk directly yesterday as a result, that's clawing back a little bit right now but there does seem to
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be an issue here whatever twitter gains tesla loses. i don't know necessarily if that applies. back to scott martin, jonathan hoenig. jonathan, what do you think of that? this is the currency, this is the collateral musk is using to purchase twitter so whatever twitter gains from that you think it is automatic tesla down the road loses or how to you see it? >> not necessarily automatic, neil. there are some historical examples of ceos running two companies, pledging stocks back and forth. even warren buffett in 1991 ran solomon brothers and berkshire hathaway. steve jobs with apple and elon musk with tesla, spacex. the problem you run into, pledging some of his stock. elon musk pledging some of tesla stock to buy twitter. if that declines, he could get a margin call and could cause the house to collapse. if he doesn't pledge too much, if one weakens, twitter starts
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to weaken, tech writ large could follow suit. neil: scott, what is interesting to me when most of the technology names that reported yesterday reported improved numbers, even the case of google which disappointed just a smidgen on revenues and earnings, certainly missed on youtube revenues, the fact of the matter was alphabet did commit to buying back $70 billion of its stock. the other technology names put, posted great year over year up in members but they were not rewarded in after-hours trading. somewhat moderately, you know, rewarded today. but it sounds like the stuff that used to propel technology stocks, or keep them boeing isn't there anymore, at least for an extended period of time. that could change. what do you think of that? >> yeah i think it is a market phase we're in right now. it is a tough environment. it is definitely sell first ask questions later. to your point about some of the
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individual performance, neil, leading into the earnings reports a lot of companies get back what they lost during the day in the after-hours market and get sold the next day. so investors definitely are i think taking stock off the table, going to cash, boeing to the sidelines waiting for better days ahead which to me is opportunity down the road to add to names like microsoft because you get them at better levels and lower valuation is, i. neil: i wonder, jonathan you can help me with, people nervous about the market, i hear this increasingly watching around different shows, my job, i have to do it, they're getting nervous buying into rallies as i said at the outset here. i'm wondering if they're overdoing it, overanxious? i don't know, you always mention jonathan, about long term perspective i get that. but is it something different going on here? what do you think they need to be convinced about to do it?
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because earnings are still by and large coming in better than expected. what do you think it is? >> well, neil, more than anything else it is clicheed but diversification works. even if this is a quiet period or a bear market period for technology stocks as it was in the first 10 years of the 2,000s, tech stocks back then basically took a nap for 10 years but other sectors did well. real estate, emerging markets, commodities. i don't think the market is down and out but i think the leadership is changing. people who bet all their apples on apple, microsoft, netflix this time around will probably be a little bit disappointed as they were with cisco, sun microsystems and oracle 20 years ago. so the market tends to move in cycles. if there is a bear market for tech, i don't think it's a bear market for stocks writ large. you have to look at other opportunities. neil: got it. gentlemen, i want to thank you both. appreciate all of that meantime if you ever heard about the expression, you can't fire me, i
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quit? that was the strategy of vladmir putin who knew it was coming very, very soon that europe would pullback on purchases of russian energy, particularly russian natural gas and before that could happen along came vladmir putin saying no, no, you can't yank my natural gas. i'm going to yank it from you right now. the fallout on that and on putin and the two countries he heart getted, poland, bulgaria, with more countries in his sights after this. ♪.
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♪. neil: you know, natural gas prices in this country might be kind of stable today but in europe they were rocketing over 20% on this news that was widely expected, that russia would go ahead and take natural gas away from two big european players and all of a sudden prices started skyrocketing. we're talking of course about poland right now, bulgaria among other countries are anticipating eventually weaning themselves
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off that russian energy. vladmir putin quickly said, you know what? i will take it away from you now, with thoughts they could pile on germany. germany already indicated through its finance minister, it could deal with immediate disruption in natural gas supplies coming from russia but it does remind you how tenuous the european energy picture remains and its dependency on vladmir putin for that stuff. edward lawrence at the white house with much, much more. edward. reporter: neil, the reason gazprom took this move according to the company is, physically poland and bulgaria were stopping paying and would not pay in rubles for the energy. state department spokesperson or a state department official tells us this was not unexpected because support from those countries to remove the reliance on russian energy. energy experts are telling us without, specifically poland, that without russian gas the country can handle losing that supply over the past several years poland built
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infrastructure to import liquified natural gas inside contracts with u.s. companies. energy experts tell me this move is a warning to other countries as you alluded to like germany which is in a tougher positions because of aggressive moves to close coal and nuclear plants. white house says the u.s. can make up the loss without changing regulations here, adding this will speed up the transition of the eu away from russian energy. some democrats changing tune on oil and natural gas somewhat. row can that is open to expanding energy production in the u.s. >> i am open to it not at the cost to the american people. our first it is lower price. we can do what else to help elsewhere. people are bay paying six bucks in my district. we want to make sure we're doing everything they can to lower prices. reporter: right now the price of crude oil right down 100 bucks a barrel.
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a little above it. energy experts cutting off natural gas to poland and bulgaria will not spike energy costs but put upward pressure on prices. right now the futures contract in europe is up 20%. the price of natural gas is six times higher today than it was a year ago in europe. what it did instill a little bit of fear in the energy markets in europe, that the russian president could turn off the gas for larger countries like germany or others in the eu back to you. neil: thank you very much, edward lawrence. we have mark begich former democratic alaska senator. very kind to join us. good to have you. >> thank you. neil: senator, you see prices escalating, i'm wondering here in the case of europe dependent on russian oil supplies, at least two countries will see that taken away like immediately, others could follow would that, or should that hasten our, you know, domestic production here, to make sure
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that doesn't happen to us? >> yeah. i think it should. i would say this. also, neil, that, when you hear putin talk about, this is his warning shot. we should dot reverse. we should give him a warning, that we could supply the, u.s. could produce enough lng, we have the supplies, to offset 100% of what russia ships to europe. if you think of it as a global commodity, which it is, the gulf is producing more. it will ship it to europe. on other hand, i have to pitch of course alaska, we have a fully permitted natural gas pipeline ready to go, permitted by the federal government. it will feed our asian markets. that will also be in demand of lng. these two elements, meaning alaska natural gas, feeding it there, the gulf coast, we could supplant russia over time. if we're going to play the short game, we'll scramble all the time. play the long game. take putin what he said. doing a warning, great. we'll warn him.
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we're done with russian gas to our allies and our friends in europe and from the u.s. perspective why not produce more lng? i can tell you the project in alaska is not only important for lng to the pacific rim, but also potential producer of blue hydrogen which is almost zero carbon. a new energy opportunity for us. take advantage of it, quit thinking short term, think long term and knock russia out of the equation and be done with their threats they do all the time. neil: as a democrat senator, you know joe biden's views on this, limited expanded federal production on federal lands, he kind of capped it at that, no pun intended, i had your governor, mike dunlevy on yesterday, this sort of ties up one arm in alaska where all of this stuff is plentiful. i don't know what you get a chance to talk to the president much, and those progressives who dominate the party's thinking,
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no entirely, you can be all in on energy without compromising any singular form of energy, why is that not resonating? >> i do. i talk to my former colleagues as well folks i know in the white house on regular basis i think they're missing the boat. that is, by the more restrictive policy, think about it, i think the governor mentioned it to you, we have 40 trillion pstcf of discovered gas stranded in alaska. not like we're drilling new gas. it is there already. just to put it into a pipe to get it to our allies and under the obama-biden administration that gas line was one of the top national priorities for the administration. shouldn't be a question. do think there is grab by a small percentage, i agree with you in the democratic party, no carbon, period, zero. the fact technology is changing
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as i mentioned. lng converting natural gas to hydrogen a high probability and commercially viable. these are things we should be doing. i will, i will continue to happy to be on your show. i've been on other shows to talk about this, my friends in d.c. can hear, democrats should be for all the areas of energy, yes. we put lng out from alaska to korea, we'll knock out 17 coal plants, cleanest fuel, cleanest lng product in the world. why don't we want to do that? i don't care if you're democrat or republican. if you want to clean the air take a product we produce right here why wouldn't we do that? absolutely i think it is incumbent upon all of us, democrats, republicans, especially democrats with this administration, push the point. let's do it all. not sit around, hope, pray things will all work out at the end of the day. the fact is, you heard what putin said, take the warning
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from face value and turn it around back on him, say we'll do what's right. neil: senator, you harken back to a time, we're grateful to have you on, harken back to a time democrats and republicans talked to each other to find common ground even within parties, that is a crazy concept. i want to get might thoughts, sir, on your nephew, nick begich iii, apart from steeped in tradition democratic family. he is a republican. if he ultimately gets the nomination what are you going to do? >> we, let me just say this, one thing about our family, you should be around at christmas or thanksgiving holidays. i got libertarians, green party democrats, republicans. neil: man, oh, man. you should see mine, senator. should see mine. food fights from that, would you not support him? what would you do? >> in the case of nicholas,
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there are 49 candidates. we have this crazy rank choice voting that will make it even more complicated get to the top four. you know, i know obviously my nephew. i love him. i want him to do the best job he can. at the end of the day, you know what if. if he serves in congress i know what he will do, do the right thing for this state, alaska but also the right thing for this country. i love our family gatherings to be frank with you. neil: senator, you didn't answer me whether you would support him. >> tell me what his positions are. he has to lay them out to me. we'll see a june 11 debate. i give him the opportunity. that is the first election time. no one gets a free ride in our family. neil: you know that makes sense. >> you got to earn it. doesn't matter if you're a democrat or a republican you have got to earn the vote. you just don't just get it because of a name. neil: no freebies, i get it, i get it. mark begich, former alaska senator weighing in on that.
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close to 350 people running for the seat, don young, reelected every two years, quarter of a century, plus in the house, one single house seat. a lot of people are competing for that honor. meantime we'll tell you a little bit what is happening right now on the real estate front. signs of a slowdown. then there is the manchin area, the really, really pricey homes. i don't think anyone shows that better than kacie mcdonnell, who "mansion global" takes a look at premier properties around the world. she seems so at home in mansions. she is here to talk about what is happening on that front after this. ♪. ♪ ♪ i'm the latest hashtag challenge.
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neil: all right. housing prices are still soaring, costs of financing one is going up here. that has not put a dent in housing activity. gerri willis following all of that in connecticut. gerri, what is the latest? reporter: neil, that's right. we talked about housing prices yesterday up 20.2% in the 20 biggest markets in this country according to case-shiller. you've seen median home prices go through the roof, now $436,000. that is an all-time high. we know inventories are low, right? there is good news for buyers out there. there is a wave of construction going on. in fact construction, more homes are under construction now than anytime in the past five decades. take a look at these numbers. 1.622 homes under construction in march. you have to go all the way back to february of 1973 to find a period when there were more homes under construction. so that is a very big different.
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i want to show you the house we're in today. as you said we're in new canaan, connecticut. it will be a beautiful home bah is not already because construction is slowed down by supply chain issues. let me show you they are supposed to be windows right now, because it is only plastic. they have been waiting 26 weeks for windows. it is tough out there. look at pvc, drain pipe basically to you and me that has been on order, they had to go to three different states to find it. listen. >> the start and stop on construction, when you're waiting for materials is, is got only a time delay but it is an economic drain. two steps forward, one step back every day. reporter: and so lots of homes under construction as i said. most of that will be coming online in the next 18 months. we know the shortages are one million, depending who you talk to, one million, five million
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homes that need to be under construction. zellman, a well-known housing analyst could lead to national home price declines, he called a supply mountain moving in. as i send it back to you, neil, i would say this, most housing analysts agree. there could be isolated price declines in markets like tampa, miami, phoenix where the prices have gone up fast but for most of us, well, it looks like prices might flatten but not decline. neil? neil: i don't sense a lot of frothiness of the housing boom where people were buying properties sight unseen, flipping them like checkers here. we'll have to watch closely. gerri, thank you for that. look who we got here today. this woman travels the world. so just to catch her in between flights i think what we did, she was kind enough to come in. casey mcdonald, great stuff,
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off the charts homes. that is market its own beast, isn't it and not a beast at all. >> knows people are keeping thee homes up, sight unseen. homes of tens of millions of dollars, realtor walking around like this, there is the master bathroom, there is the kitchen. you don't like that, load-bearing wall, we'll talk tomorrow. neil: is that right? >> yes, they are flying. neil: is that -- >> a lot are cash. especially seeing knit florida. neil: nothing like cash, right. >> florida, texas, people are leaving in droves from california, illinois, new york. last year half a million people exchanged out-of-state license, that was 40% it increase from 2020. a lot of those people are going to texas, they're going to florida. to your point, yes, the multifamily homes, those condos, apartments you're good but going off what gerri said, you have right now permits up 7.6% in for
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homes. they're not started yet. and that is going to be 31% up year-over-year. but they can't start. neil: i get it, but does that worry you? you follow this closely. >> yes. neil: that gets the froth kind of sentiment building. >> yes. neil: that can't continue. >> correct. neil: but of course the sky has been the limit, right? just when you think death of it, there are not enough properties even with all the planned construction, right? >> no. the price for it. you're paying such a huge chunk just for of the land, albeit, not even an acre of land. you're coming from texas or something like that, boeing to florida, you want to be ocean front -- neil: they're not making more ocean. >> there is no more ocean. neil: what i love about you, you're so enthusiastic, really. seriously, that makes a big difference. when i critique restaurants, people say, neil, he knows food. thank you. >> great. neil: that's what i do, i wanted to ask you, when you look at a
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home, because i always try to say where is she tipping here, what's the most important room to you? >> i always end up in the kitchen because i'm always hungry. i want to see what is in the kitchen. my producer, stop shopping, looking for kitchen in your mind. get hair and makeup. master bathroom is always a big thing, master closet. neil: that is a big thing. showers the size of a citi field. >> like a huge car wash. probably pull your car in there, yes. neil: absolutely. when you go through it, and obviously the clientele looking at these homes, obviously they have what they like, they like gorgeous views all that. how do you guys pick the homes in the first place? >> we're getting spoiled, on season two on fox business. we were on "fox nation" before of this. we have great relationships with realtors in the city. we're calling up realtors, what do you have for us this week?
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inventory, we might book a us who. in miami we had six or seven booked. one in coral gables sold, one under contract in palm beach, we have to switch the next day to a different home. neil: a home has to be still up, technically -- >> it has to be up for sale and over a million dollars. neil: how do you get the show on, great deal of editing all together, that home could be spoken for and done, long gone? >> they're gone, they're gone. my favorite thing to do, i do research and look at zillow or redfin. i don't look at the house before. i go in blinders on, i like to have the real reactions like seeing it for the first time. neil: some of these homes are spectacular that you show but they're not necessarily great lots, not all of them. >> right. they are horseshoed in there. neil: really tight properties. does that think, beautiful house, lousy lot, not worth it? >> the landscaping on most of these homes is like million
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dollar landscaping, you know what i mean? neil: really. >> you're going to a 10 million-dollar home, they might like 100, not 100,000, million dollars worth of palm trees blocking out all the neighbors,. neil: some are quirky. they want imitate something, one dude who wanted to imitate the white house, or versailles. that gets weird. >> one home in sunny isles, in florida, everything, was made to look like marble. painted with a goose feather out of gold. all the chandeliers were gold dripped. modeled after a museum in russia. neil: someone compensating for something. when you look at the homes themselves, do you think they could overdo it? >> yes. neil: some of them, that is a bit much. >> we did a home, like a chateau typecast sell in texas. 30-foot soaring ceilings.
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all the beautiful stone work. there is venetian plaster walls. venetian placer, you play ball in the house, cover it up with some spackle. these are likeliers and layers. it was all light purple, the entire home was light purple walls. maybe that's your thing but i don't know. neil: you run a cross a home i would be drawn to with velvet matador paintings or dogs playing pool? i have not seen you run across a home. >> we had huge tapestries, 60 by 80 tapestry. that is all we run into. neil: woman of the people. kacie mcdonnell. a fun show to watch. vie various pleasure off the chart homes. but on tiny lots. >> a lot of money. not in my budget. you can get ideas for all of them like the purple walls, i like to see the tour of your home, young lady. not what i hear. we'll play along.
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kacie mcdonnell here on that. talking about different vibes. forget about housing, travel this year, you remember when united and delta were saying, firing on all cylinders, the season looks good. along james jetblue. what happened? jeff flock on that after this. ♪. at adp, we use data-driven insights to design hr solutions to provide flexible pay options and greater workforce visibility today, so you can have more success tomorrow. ♪ one thing leads to another, yeah, yeah ♪
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♪. reporter: welcome back to "cavuto: coast to coast." i'm jeff flock at philadelphia international airport. we're keeping an eye on the pilot shortage looming in the u.s. is there really a pilot shortage? according to the government, and the ceo of united airlines, yes there is. i'm quoting now, scott-by, there is simply not enough pilots for
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at least next five plus years. the government says, bureau of labor statistics says we need 14 and 15,000 pilots every year between now and the end of this decade. that despite the fact that there are training programs in effect, new ones coming out, and pilot salaries are going up. take a look at numbers how much pilots make. they are actually the highest paid profession of any except folks in the medical field. pilots now at $186,000 a year on average. that is more than i.t. managers or architects or engineers. one of the reasons for the shortage, a lot of pilots are reaching mandatory retirement age of 65. got of the -- the government increased that from 6 in 2007. aviation consultant mike boyd, tells fox business he doubts they will increase it again. >> once you pass a certain age things don't get any better. things start to go south. i would think there would be a
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lot of pushback to saying fly beyond 65 years old in a commercial airplane. i just don't see that happening. reporter: let me leave you with one other thing that's happening out there, i'm at philadelphia international airport. if you fly from los angeles, for example, to philadelphia, american is now going to say, yeah, we'll get you to the atlantic city airport but we're going to do it by bus, not by plane. yeah. american airlines buses. i guess a bus driver is a little cheaper and easier to get than a pilot. more of "cavuto: coast to coast." pilots make more than news anchors. wonder what kneel thinks about that? we'll find out after the break. ♪ so you only pay for whatchya... line? need. liberty biberty— cut. liberty... are we married to mutual? only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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neil: supply and demand or nefarious players? the industry, meatpacking industry more to the point being scrutinized by congress. lydia hu has more on that. lydia, what is going on? reporter: hi, there, neil. lawmakers know seafood prices are on the minds of many voters. they're forcing executives from the meat packing industry on the hot seat for questions about their pricing.
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executives from four major meatpackers are facing questions from the house agriculture committee as white house, some congressional democrats that a lack of competition among meatpackers is driving prices and some lawmakers think a new enforcement division within the usda aimed at increasing competition and new laws that mandate transparency in pricing are the answer but at today's hearing republican congressman glen thompson, he blamed inflation and labor shortages rather than the industry for higher prices. >> reeks of political point scoring on behalf of at administration effort to have drastic or controversial legislation. reporter: so far this morning, neil, we heard from small meat producers why so many small cattle forms closed in the last decade. we will hear from the
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executives. it's a tough grilling for them. neil. neil: senator kevin cramer, republican from north dakota. senator, we look for villains from oil devices if oil prices go up, or health care guys, if the health care goes up or insurance guys, if costs for coverage get out of whack. i don't know if i seville lanes here. i lot of supply and demand issues. i don't see any nefarious criminal types who were caballing together to rig the system against average folks but maybe that is just me? >> well, neil, whether it is that coordinated or not there is in my view a concentration problem. when four packers, have what, 85% of the market, two of the four packers are foreign-owned, neil, that is at least worth looking into. for me personally, what i would prefer, the way i prefer to tackle this problem is knock down bearers to entry for other
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producers, for other packers, for smaller, maybe, more state or regional packers, provide an opportunity for more customized beef or other livestock for that matter. neil: okay. >> i prefer to tackle it that way but i don't completely let the big packers off the hook either. they are vertically integrated. they have a lot of market power. neil: i stand corrected, senator, that makes a little bit of sense. north dakota, you have great beef out there. >> yes. neil: smaller players behind the eight ball competing with these big guys? >> well it is very difficult for them to do that, neil but there is more of that happening. we have a relatively new facility in fact in southwestern north dakota, started up obviously to combat some of this to provide and all term tiff market. you have to remember north dakota is furthest from any big packers from state has produce beef. we do have additional challenges
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with the proximity. we have ongoing battle, about whether a rancher, producer ought to have the opportunity to market directly to a specific packer in more of a forward fashion as opposed to a more transparent, day-to-day market or auction. i think producers ought to have those options available to them. packers ought to have those options. i would like to have options in form of smaller opportunities, smaller producers, more customized producers. one of the problems you have, neil, is the lack of inspectors from the usda. north dakota is one state that happens to have a federally recognized state inspector program. i think more of that kind of thing, offering the opportunity for contiguous selling across state lines of these state licensed facilities might be one way to go but it's all capital intensive too, neil. neil: all right. makes sense. >> one of the problems and a lot of problem solvers. neil: enlightened me. senator kevin cramer, very good
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seeing you again, sir. beautiful state, north dakota. you have to go there. great food. great views too. just big, big state. more after this. ♪. before discovering nexium 24hr to treat her frequent heartburn... claire could only imagine enjoying chocolate cake. now, she can have her cake and eat it too. nexium 24hr stops acid before it starts for all-day, all-night protection. can you imagine 24 hours without heartburn? i have moderate to severe ulcerative colitis. so i'm taking zeposia, a once-daily pill. because i won't let uc stop me from being me. zeposia can help people with uc achieve and maintain remission. and it's the first and only s1p receptor modulator approved for uc. don't take zeposia if you've had a heart attack,
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♪♪ ♪ neil: all right, we have the dow up right now. we also have a very, very
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jam-packed hour. you know, what anchor doesn't say that their show -- you never say is, well, we really have nothing for you. no, actually, we do. franklin graham is here, samaritans first ceo and president. see if he can forgive charlie gasparino if for all of his sins. remember, franklin graham said that disney's got a moral pail your to deal with, and governor desantis has brought that to everyone's attention. by the way, as is many gasparino. let's go paris to chad pergram who's following the twitter deal on capitol hill and how that is going on. elon musk, of course, cleared for takeoff on this thing. there are going to be some bumps along the way, and both sides of the political ledger have some questions they want answered. chad, what's the latest? >> reporter: twitter was trending on capitol hill as lawmakers were talking about ukraine and title 42, but the
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sale of twitter to elon musk had capitol hill all awitter. >> i think he's a twit. >> twitter has been a dark, dark place. i hope it doesn't get any darker. >> -- embraced the sale, they argue that some platforms aren't fair to their viewpoints and even remove some postings. >> now that mucks musk is taking control, i think there's a much greater chance we'll see a true platform of ideas. >> reporter: the biggest question is whether the acquisition will spark legislative the action on section 230. now, that's the legal shield which prevents social media firms from being responsible for what's posted on their sites. >> before eloning musk, we should have had a conversation and reformed section 230. i hope that we can still do that in a way that recognizes that many of these companies, you know, act in a way that kind of is the public space. and many of these companies, frankly, have asked to reform section 230. >> reporter: but don't bet on much movement on section 230.
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>> the left is upset, the right upset, problems with con tent -- content, republicans feel too much conservative contenting is taken down unfairly, democrats feel there's dangerous information being left up. >> reporter: senator elizabeth warren believes social media should be more like a public utility and not run by billionaires. she said the sale poses a risk to democracy. meehlsome. neil: got. it thank you, my friend. the politicians and what they make of where this is going, what today make of twitter, the world's richest guy buying twitter. madison alworth joins us from times square. >> reporter: yeah, we wanted to take it to the people because so often when you look at the reaction to this sale of twitter to elon musk, you hear from those many washington, you hear
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from those in the media. heir very vocal, usually pretty negative, but they are the vocal minority. they're just a small section that doesn't necessarily represent the american public as a whole which also, quite honestly, is how twitter operates right now too. when you take a look at the platforms, only 10 is % of users account for 92% of the tweets on the platform. so it's a few. so we really wanted to take this to the public, right? elon wants to make twitter the public square again. we went to the public square of new york, times square. some concerned about unfiltered public speech, but most quite excited by this news. take a listen. >> we need a place where people can be able to communicate freely and openly. >> i'm skeptical of his promises to make twitter much more open and more first amendment-friendly, and i don't see how you can do that without opening it to a lot of the hate speech and everything that's on there. you've got to have somebody
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moderating the content. >> i think it's great. he's trying to do what's best for everybody else because he's just that type of person. >> reporter: all right, there you go, neil, those are what the real americans from all over the country here in items square say, you know, a couple worry, but the vast majority excited about the potential change that elon will bring to the table. neil? neil: thank you for that, madison, in times square, no less. charlie gasparino with us right now. yeah, could there be -- you and i were briefly discussing in washington what's going on, republican, democrats, you know, both want to chat with elon musk. any possibilities this couldn't go through? >> i think it's zero based on the lawyers that i've spoken to, and these are antitrust lawyers. look at it this way, he's taking it private. this is not -- it's not like he has other social media platforms, so it's not what's known as a horizontal -- alameel: got it, got it. >> not vertical, it's just
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different. he would have to stretch the law. this is all sound and fury signifying nothing. neil: if he were to take it private, that's the goal, would there be more scrutiny? >> no, because he doesn't have another social immediate immediate -- social media -- to listen to, like, elizabeth warren talk about, you know, democracy, no offense to elizabeth warren, she needs a little refresher course on how capitalism works. there's no payoff at the end. jack dorsey and the other guys, i can't remember the dudes that started twitter, why would they start it unless there was the potential of payoff? it's like everything else. that's how this world works. the alternative is what dose on in cuba -- goes on in cuba and the failed soviet union. someone should tell bernie sanders that. and more proof that people are basically saying this thing could really work is what's going on with truth social, and that's the trump -- neil:ing right, right.
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>> -- social media platform. neil: you'd never mow it though. is he ever on it? >> who knows? i tried signing up two weeks ago and it's been like -- it had a bunch of technical glitches to it. now remember, it's being offered through a spac, so you can buy stock of -- neil: got it. >> something called digital world acquisitions. here's what i'm hearing from my sources at major hedge funds, this thing is starting to be a huge short play that people are going to bet against it now that musk has twitter. they think it ends any appeal for -- neil: but i'm assuming he takes trump on the site, and trump has expressed no interest. >> i don't think it even matters. conservatives are lining up and going back on twitter. just two examples, tucker carlson and mark levin. i'm friends with both of them, they both announced they're back on twitter because of the musk move. there's going to be a lot of movement from the right of is center back on that. neil: what if we're wrong
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pegging musk as a conservative? he might be more libertarian, or is it any voice like that that's different from the voice that dominates? >> yes. i think that mig -- and this is why, again, it's hard to short digital world acquisition from a technical standpoint. there's not a lot out there. if the sec, and you know the sec has to review the spac, if it approves it, 200 million shares are going to be thrown out there. it's going to be shorted,st going to be one of the biggest shorts out there because everybody that i know on wall street is betting there is no need for the trump spac. even if elon isn't like, you know, a bible-thumping, billy graham conservative -- i know you're having his son on in a minute -- he's libertarian, and he breaks the mold of silicon valley which is progressive left. and so the bet on wall street and, again, digital world is harold to short now, but wait until -- if the sec does approve it, and by the way, they might
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not approve it, you know? neil: do we know whether elon musk has had conversations with donald trump? >> i don't know. it's very hard to get in touch with elon musk, as you know. neil: yeah, you're right. [laughter] he launched a rocket this morning. >> they were never the most communicative firm when they were tesla, but they did have one pr guy, and i think they might have got rid of him, closed up the pr shot. so you've got to kind of -- you've got to ask for a comment through some portal, ask and you know how that goes. i don't know, it seems to me that trump is not going too old it, but i am telling you, the smart money on wall street is betting heavily against digital world acquisition and trump social making it -- neil: that he leaves that and goes to something else, presumably twitter. >> not even that. they're telling we the thing's going to be the a penny stock because there's no utility for it. i know it's trading at $46 now, i've been hearing $5, 10 -- a penny stock is technically a $5
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stock, anything believe that. but i i think you've got to watch if this thing does get approved by the sec, again, lots of shares will be outstanding then. then you can borrow it and short it. that's when thing could get really rocked, and that's when people think it's, you know, not quite a doughnut, but close to it. neil: that would force him more to another site that could -- right? regardless. >> i, i, you know, he actually put some -- there is some money in this thing. neil: got it. >> so there is some infrastructure even if it's not good. you have devin nuñes running it. i mean, will they pack up tomorrowsome i don't know, but i'm just telling you what wall street is betting, that this thing will be packed up and gone if the sec does approve it. the sec might not approve it, then it's a moot, you know -- neil: got it. got it, got it. you'll will reading about it in the papers later. that that's how it goes with
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charlie. if you don't get fbn, you should demand it, of course, you're watching f fbn -- >> think of how much money you would have made. you and i actually said it, elon, if he wants it, can get it. neil: well, you said that. very true. >> if his money was good, you made some money. neil: you should stick to this. you have a future -- >> some people listen to brand x. neil: watching other brands of. [laughter] thank you, my friend. >> booyah -- [laughter] >> charlie gasparino, best on the planet at this stuff by far. want to go to david nicholas, nicholas wealth management, the she -- ceo. i want to talk to you about alphabet, the slowdown, what's going on at youtube which sounds a lot like netflix, but on the twitter stuff, is there any if possibility this thing doesn't happen in your eyes? do you play that twitter-tesla play? what do you do? >> you know, we've been big fans of tesla, so as eccentric as
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elon is, he changes the game for every company he's been involved with, so i think the same thing for twitter. this deal is 100% getting done. at this stage if it doesn't get done, i think board of twitter has some serious liability themselves, so i don't think they want that this. done deal, no question. neil: so if he were to walk away from the deal, that is, elon musk, he would have to pay a billion dollar break-up fee, which is like change underneath his couch cushions, right? >> yeah, that's a mcdonald's burger for me and and you. [laughter] but you're right, there's a penalty for him -- neil: but for you, it's unlikely. >> it's unlikely, i think. this is not about the money for elon. he wants this for what it gives him and the ability for all the views that are on twitter. this is freedom of speech, which you talked about at length as well. neil: thank youing for your patience discussing that, but it is an active news item. alphabet, the day after still a
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news item. what's interesting as well. it just missed a little on the revenue and earnings, and the market ignored that last night and of after a hours even with the commitment of the $70 billion stock buyback it's anticipating. and i'm wondering if a lot of that has to do with the youtube growth that was slowing and echoing what's been going on with netflix who? yeah. neil: what is happening on that front? these type of, you know, systems that are built on a lot of subscribers, are they cooling off? >> yeah. for a company like google, right, how do they innovatesome youtube's been around for quite a while, now you've got tiktok that comes on the scene and is really stealing user growth from youtube. they're two very different platforms, longer form videos, informational. tiktok is one minute or less i have owes. -- videos. my daughters are 3 and 5, they will sit on youtube watching videos of a little kid opening a
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toy. they literally have the toy, but they watch the kid opening the toy. it's a different platform. but i still hi google, we own google, full disclosure, i like the stock. it's trading at 21 times earnings. it's got a wild competitive mode. it's number one many online sales. i think it captures close to 30% of all online advertising sales, which is huge. price to book trading at -- look, from an investment standpoint regardless of yesterday, i till like owning google. i think they're going to figure out how to innovate on the youtube side. but still if you're a business and you want to get a video out, you're going to youtube. you're not going on tiktok. why? because anything you post on youtube will search and link up with the google search. so this is why when they own the search and the video capability, that's very powerful -- neil: why don't investors -- i get what you're saying, david, and you're right about that, but you'd think that the day after that would be reelected in the
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stock, at leasted today, or part of it. it's not. >> yeah. you know, google's held up throughout the year unlike a lot of the other names, which is good. but it's up 90% in the last two years. we're naturly going to see some profit taking, and then you add in all the other issues affecting tech right now, this is to be expected. i'm telling you, for listeners right now or viewers, this is a buying opportunity. i would -- if you want to own a good name over the next few years that's going to drive growth, earnings growth and revenue still up 30%. this is not a dying company in spite of what we're seeing -- neil: you talk about 34% last quarter it was -- or 20 something for the latest quarter, 34% clip in the first quarter. is the street seizing on that as well, that maybe momentum is slowing? >> well, if you just take the europe with scenario, there's always black swans. europe, ukraine, russia -- neil
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right. >> that put some pressure on advertising for google. when you see these one-time geopolitical e eventses, it can affect corporate earnings. and i think we're going to see that for a lot of these names that have exposure over there. i think it's an opportunity there. that's why we saw slowing growth, it has more to do with the -- the world's changing in front of our eyes, but i don't think this is a long-term issue for google. neil: you have a great track record, worth noting. david nicholas, still confident these guys are -- i always am amazed at google, what they thought about changing the name, they all said how about alphabet in and they said, okay, let's go with alphabet. as if. we'll have a lot more after this including the push to forgive student loans from people who aren't even pushing to have the loans forgiven. after this. ♪ pleasure. ♪ ♪ till the same -- still the same, i caught up with you
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neil: you know, the world's richest man must have been watching us a couple of minutes
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ago when charlie gasparino was talking about the problems around social, the site donald trump uses to get the word out. the coming from elon musk, truth social, terrible name. exists because twitter censored free speech. well, it is a mouthful, isn't it? truth social. say that even two times fast. okay, i couldn't do the it. [laughter] but, you know, that's existing because twitter censor ised free speech s. is this a signal from him that they'll welcome donald trump back on and there's no need for truth social? we'll see. it's very interesting because if that discussion charlie and i were having about where truth social is going. meanwhile, where is student loan forgiveness going? what we understand from the white house is that it's going places, and it's going to include a lot more people than originally thought. the president thinking big. ashley webster following it all. what's happening? >> reporter: hey, neil. how big? president biden is reportedly looking at forgiving a substantial amount of federal
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student loan get debt. that's a little different from his campaign pledge to provide limited relief, so we don't know exactly how much money we're talking about here. what we do know is that 43 million borrowers hold more than $1.6 trillion in federal student loan debt. that's the second largest debt held by americans behind mortgages. now, the president shared his plans at a meeting this week with members of the congressional hispanic caucus, and afterward education secretary miguel car doe nas said struggling borrowers should, indeed, receive financial help. >> a lot of folks who are in default or delinquent, we're giving them a fresh start. we're also giving them a chance to consolidate their loan which gives them a pathway to loan forgiveness and to help as well. so for me, there are a lot of things if here that are great for our borrowers. >> reporter: well, democrat congressman tony cardenas from
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california, who's also a member of the hispanic caucus, said after that meeting with the president that hispanics have been hit hard with student debt, and he wants to hand out at least $10,000 for every student across the country with student debt. listen. >> for example, 12 years after leaving college, hispanics across america still owe an average of $8 -- 80 plus percent of their student debt. that's after 12 years. >> reporter: well, presidented had signaled he could take exive actions just to wipe out some of the debt altogether. we'll see. but in the meantime, borrowers are still protected by a moratorium on paying off hair student hones, and aha lasts until august 31st. neil. neil: ashley webster following all of that, i-januarying know caldwell joinings us now, lauren similar net the city. it seems to be expanding, the list of people who could be eligible for this, at a minimum
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of around 3.6 million, and the idea of $10,000, it could be a lot more than that. what are you hearing? >> just forgive it all, right? and then forgive my mortgage too. [laughter] i mean, this is insane. the culture has just gotten way too casual. this is popular, especially if this is something he does, let's say it's teed up perfectly when the moratorium on paying your federal student loans expires. all that's expected to be august 31st. mind you, many borrowers have not paid since the pandemic, march of 2020. so we're talking two and a half years now. that tees up perfectly with the midterm elections. that's popular. i say it could back with fire because what about all those people who paid their debt or the benefit, i mean, a lot of people on the far left like this idea, but what about, you know, the doctors and the lawyers who are saddled with loans do -- neil: right.
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>> -- and the truck driver has to now if pay off their debt. and it does nothing, at least not yet, to help future borrowers. so i actually think this might not be the best idea. neil: i-january mow, you in on this gravy train or not? >> no. [laughter] no, neil, and i agree with our dear colleague here, lauren. we know what this is all about. this is about midterm elections and the fact that the biden administration hasn't done much of anything that that it promised or, rather, joe biden had promised himself, and now they need at least one issue to say to the voters that did they did the accomplish. i have friends who despise joe biden, who believe he's inept, but they still supported him because he said he would forgive their student loans. now we're in a situation where we've got student loans average u.s. household has about $57,000 in student loans, about 8 million accounts are currently many in default. and as we know, there's $1.6 trillion in student loan debt
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there. something, if they get nothing done as we have seen policy wise, needs to happen to so they can say they have a win, and this is what they're attempting to do, it seems. neil: you know, i don't know how this latest wave will work, lauren, but it used to be under prior loan forgiveness programs, ideas considered, you had to miss three loan payments to qualify. well, who wouldn't jump at the chance to miss three loan payments -- >> i know. neil: -- to qualify? i don't know what the late rest parameters are here, but it would encourage those who want to get in on this to stop making payments so they can. >> i happen to think it's bad all around for that reason and so many others, meehl. where do you draw the line? and not to mention, let's -- i don't know if this is something that the president could do by executive action. if he because -- diss -- if he does, there might be lawsuits -- neil: les no way. i've heard that -- well, you're right. you're right. >> but here's the thing, look at
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the white house likes to say the economy's in good shape. okay, fine. pleasure we have a very tight jobs market. you have the opportunity for college graduates to get good jobs. i just pulled these numbers from the national association of colleges and employers, they're expecting to hire 32% college graduates this year than last year, and some of those jobs are paying six figure starting salaries. yeah, in finance but also energy industry. so can you really argue that you can't pay your student loan debt? when the job market -- neil: it's a very good -- gianno, i just don't see this happening. they have to move very, very fast. to lauren's part, he could try to do this via executive action. i think that would be a heavy lift, but where do you think this is going? >> i think tear going to try to do something to make it appear, so it's just like saying african-americans in the last election were talking about reparationings for slavery, and democrats said, okay, we're going to give if you a study on
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reparations for slavery which means nothing, obviously. this could be a similar case where he could say, all right, we have individuals who work in government sectors or teachers or whoever could qualify for the federal program, that they could have their loans forgiven after 10 years, we're going to speed those up, and is we're going to forgive so many bow roarers. he could say, listen, we we canceled a lot of student loan debt, we're not done yet. vote for us of after the midterm, and we'll do something in congress. that's what this is about, a platform to say they did something. and they're losing young people via polling for this midterm election, so they need to get something to rally their troops. and this is what they're going to be leaning on, and we're going to hear a lot of conversation about this up until the midterm election. neil: i think you're just bitter because you couldn't get in on this gravy train. [laughter] >> you know me too well! neil: so good seeing you again, my friend. lauren, goes without saying. thank you guys very much for weighing in on. i wonder what franklin graham
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thinks of all of this? does the government have a moral obligation to pick up the tab? if he certainly has weighed in on what's going on in florida with disney. he's next. feel stuck and need a loan? ♪ move to a sofi personal loan with no fees, low rates, and fast funding and feel what it's like to get your money right. ♪
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neil: all right, disney is apparently saying not so fast when it comes to governor ron desantis' plan to end some special privileges company has had in the state for the better part of, what, 50 plus years. self-governing special district with so-called reedy creek improvement district says that florida's move to dissolve the district is not legal unless the state pays off expensive debts. franklin graham, no doubt, looks at this as mere details. samaritan's purse president and ceo, kind enough to join us. pastor, very good to have you. i know you had talked about kissny's moral failure --
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disney's moral failure here, and i don't think you used the term just desserts, but that this was a day coming. what do you think of what disney's saying here? you can't force this issue, it's not even legal? >> well, first of all, disney has or forgotten where their bread and butter is. walt diss if built this company -- walt disney built this company on moral, good entertainment. and it was family-oriented. and as a result of that, he built an empire. and so the leadership today has turned their back on what disney stood for and where they made their empire. and i just can't believe that they have gone this par down the gay, lesbian agenda and have really turned their back back on america that visits the park and the american family that visits the park. so it's, it's sad that this has happened, but him that governor
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desantis has got their attention, and i think he has. and i appreciate the governor willing to stand up to big corporations. a lot of governors are folding on these issues, and tear letting the big corporations -- they're letting the big corporations that have the gay agenda run over the state. and he's fighting back, so god bless him. neil: a lot of people look at the legality of all of this. i know you are looking at this in a different prism, pastor. i am wondering what the long-term impact will be even if it does -- that is, disney wins -- others are saying it's a an illegal move, you've heard all of that. but you have serious doubts about disney and how far it is adrift. isn't that what you're saying? >> no question about it. i met walt disney when i was a boy. my father took us out to california, he took us through one of his sets where they were doing a movie, but took us to part of disneyland.
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and he was just a wonderful person, a very moral person, and you could trust the his entertainment that it would be family-friendly entertainment. and that's not where we are today with disney. neil: you know, taking a look at this back and forth with disney here, we see a lot of companies that have gotten very woke. to hear people like elon musk talk about it, too woke for their own good, you know? if he's gone so far elon musk, to i say that was the reason why he took over twitter, the reason why he reflectedded on netflix losing subscribers, is that the programming is way too woke. do you think there is a pattern there? >> no question. and, listen, i don't know elon miss, but i appreciate -- elon musk, but i appreciate what he stands for, for free speech. we had an ad on twitter where it said there's power many prayer. it had been up for five days. hay took it down and then they blocked our ad account on
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twitter. and we went back and forth, back and forth, back and forth. they said it was violating their political content policy, that there's power in prayer, that that's their political content policy. they attributed it to a fox news article that i had on my own personal web site where fox news quoted me as saying that i believed most important political leaders are, or political positions may be school boards. and so they said that was unacceptable content. so i have, you know, we finally got it worked out, but it's just this is the type of censorship. they wouldn't censor me for what i said on twitter, they were censoring me for what i had on my own personal web site. and it was about school boards and how important they are. and i still say it is. i think that's some of the most important positions in america, and we need moms and dads on school boards to take control of the schools and to get the
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schools back. neil: pastor, i was looking forward to having you hear because, and you know better than anyone, church attendance is way, way down. this applies across all religions, all denominationings. and maybe it's born of our times. we live in a much more secular society. you've warned about a society that gets to be too secular and loses sight of, you know, moral values and all people can agree or disagree what do you wants those values -- i do you wants those values, but that we as a society are slipping. how do you get people back to service of any so was? -- sort? i mean church services of any sort, in an environment where so few are, particularly post the pandemic, where churches remain emptier than they've ever been? >> well, there are some churches, no question, are emptier than they've ever been. but, neil, there's a lot of
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churches out in that teach the word of god, that preach the bible, and they tell people that god loves them and that that christ died for their sins and that the only way to heaven is through jesus christ, and those churches are doing well and prospering. people want to hear what god has to say. they don't want to hear a political message, and there are some churches half gotten into this woke politics, and people don't want to hear that stuff. they want to know what does god have to say for them x. so even those church -- though church attendance may be with down in some denominations, maybe that's good. maybe that'll wake up the pastors and wake them up pop -- to be preaching god's word and not some other stuff. i've got a job in front of me. i have an opportunity to talk about god's love, his son, jesus christ. you know what? my job's going to be there for a long time to come. america has slipped morally, and we're not better for it, neil. look what's happened to us in washington. look what's happened to us at
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the state level and across the country. the moral failure of our leadership. and as a result of this, our country's not in the a better place by taking god out of schools, by taking god out of politics. are we better for it? no, our country's going off the cliff. we're worse. and we need to get back and repent as a mission and ask god with's forgiveness and put our faith and trust in his son, jesus christ. and if we do that, i think god would hear our prayers from heaven, and we could see this country turn around. neil: pastor, very quick thought. i know you're not a market guy or look at stocks. they've been on a rocky road for a lot of folks. a lot of folk ifs are putting off retirement now because of what's been happening. how do you console them or reach them when they say, they're distraught, you know? and these real financial concerns, they're paying a lot more for things, has them up against the wall in. >> well, and, neil, and i understand that. there is real pain out there, and we have to be very careful
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who we vote for and not to be misled by some people who are trying to make palls promises to us. we have excellent economy under the last president, the best economy that we've had in, what, 70 years. and i just think we've made a big mistake and where we've gone as a nation and who we've elected, and we're just going of to have to live through it. but, yes, people are feeling the pain, and i feel for them. and i would encourage everybody that's paying $5 plus for gas to write a letter to the president and demand that he allow drilling. the pact that they canceled the pipelines and that they don't allow drilling in anwr, places like that, it's ridiculous. we've got the oil in this country. we've got the natural gas in this country. we could be self-sufficient, but yet we're also buying oil from russia? i don't get it. there's a lot we can do, and i
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feel for the people. i feel their -- no question, they are distraught. but god has not turned his back on them. god still is there, and god loves us, and i would encourage everybody put their faith in god and not politicians. neil: pastor, do you draw a distinction, you mentioned donald trump, his policies, versus him as a person and his own behavior? if because a lot of people loved his policies, cutting down rules and regulations, soaring market, soaring economy. they weren't quite as robust when it came to his everyday dealings with people. >> no question, and there was a real disconnect there. his policies benefited all americans whether you're, whether you're a liberal or conservative -- neil: but you could look past that, right, pastor? is that what you're saying? >> no, it's not saying i look past it because his language and some of these other things were very offensive in the way he made fun of people, it was very offensive to people. and i hope the president, the
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former president has learned. they just turned a lot of people off, and they just really, i think, upis set them. but his policies worked for america, and i think as americans we need to look at those policies and realize the quirks that he ghei us and say thank god for him. neil: franklin graham, very mice having you on, sir. thank you again. >> thank you, sir. neil: we'll have more after this.
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neil: that old line that as ohio goes with, so goes the rest of the nation, it's being put to the test in a crucial pry -- primary that really could clear the field and give us an idea where the next senator from that fine state is going. connell mcshane has the latest now from ohio. connell. >> reporter: hey there, neil. you know what's funny about look at senate race whether you look at the republican primary which is very crowded or the democratic race, there's one issue that seems to be kindfying the candidates, which is very
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rare these bays, and -- days, and that issue is china. both parties, they are kind of fighting over who can sound tougher on china. come to a company like this, you understand take a look around the floor where we are, this is first solar's operation just outside of toledo. they have a big expansion underway here and at least in part because of the fight against jobs moving to china, the ceo is telling us he's now receiving much more widespread support puff for an expansion in renewable energy. take a listen. >> you asked me 5, 10 years ago was there bipartisan support for that, i would argue, no. i would say though that it's changed. even in the state of ohio. >> reporter: so now he and other business leaders are really pushing these candidates in the senate race for policies they say would level the playing field with the chinese. so what do they want? things like a manufacturing tax credit. that's big. and we have the same sort of
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conversation when we visited a start-up company, american nitro, in the columbus area. the founder, jacob block, he's getting in the business of making those disposable latex-free gloves. >> u.s. is the largest consumer on this product. we consume between 25-40% of global production. prior to the pandemic less than one basis point was manufactured here. so we relied 100% for critical supply chain product on asia. >> reporter: and now his company's looking to complete. and block was saying the heavy subsidies provided by the chinese will make that difficult. so he's in agreement with the folks here at first solar. they're running for senate, running for any if office, you want the business community in ohio to be on your side. go after the chinese. want the tax credits, want to have a level playing field with the subsidies, t just striking, neil, when you're so used to this era where nobody seems to agree on anything that both parties, in a very important
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state, agree on that. neil: it has united them, to your point. com shane. when we come back, the surge at the border and homeland security secretary on capitol hill. let's just say, tense. ♪ ♪ a strategic and sustainable asset... the path is gilded with the potential for rich returns.
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neil: it's probably fair to say that the homeland security secretary didn't expect an easy welcome on capitol hill. he didn't get it. danielle garza is here right now. daniel, the whole fight again over the timing of junking title 42, that it's ill-timed, even now close to 50 -- now more than 50 democrats of all persuasions, all states, congress and the senate, think it's a bad idea. but it still looks like it's going to take effect. how do you feel about that? >> yeah, look. neil, i think the american public has made it perfectly clear that they want legislators to address the crisis that's going on at the border. title 42 is still just an executive action. it's temporal because of, of course, covid. at some point we have to get some permanence which means we have to pass legislation, and both of these chambers have to get their act together and balance both border security and, of course, legal channels
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that can accommodate folks to be with their families and address labor demand. neil: we never get there, dan, and we have to give you credit for how relentless you are on this subject. we know the two sides i endorse comprehensive reform, but we never get to that state. there's a lot of finger pointing. i just wonder what happens when title 42 goes away, if it goes away, despite the judge's stay on this until at least the middle of next month. they say they're all backup plans. what do you want to seesome. >> well, look, we just had a presser right now, right here in front of the capitol where both a democrat and a republican, we have legislation aha has been bipartisan when it comes to the integrity act, tony gonzalez and, of course, john cornyn with sinema. we're getting, i think, hopefully a groundswell. at least some improvement on bipartisanship.
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look, this administration promised bipartisanship, and we're still waiting. so i would say the american public needs to call on this administration to step up and show the way on bipartisanship. neil: got it. daniel, always great catching up on you. e i a apologize for the shortened time. daniel garza, libre initiative president on capitol hill dealing with issue. we'll have a lot more after this including the dow that's sprinting ahead about 385 points. we'll have more. ♪ we can make it if we try, just two of us. ♪ just the two of us building them castles in the sky duck -- ♪ just the two of us, you and i ♪♪ - i'm norm. - i'm szasz. [norm] and we live in columbia, missouri.
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we do consulting, but we also write. [szasz] we take care of ourselves constantly; it's important. we walk three to five times a week, a couple miles at a time. - we've both been taking prevagen for a little more than 11 years now. after about 30 days of taking it, we noticed clarity that we didn't notice before. - it's still helping me. i still notice a difference. . . . .
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neil: you know we were just talking about the dow sprinting ahead more than 400 points right now. let's see in my buddy charles payne can keep this going. to you, my friend. >> you know, neil, i appreciate you finally giving me something to work with. neil: there you go. this is the best i can do. charles: that is what friends are for. good afternoon, everyone, i'm charles payne this is "making money." breaking knew it's a seesaw battle might actually be the last chance for the bulls to stem the negative tide. buy on dippers have been bruised and battered, their favorite stocks annihilated. will they step up again? will haas to happen to get the other fence-sitters back into action? we have you covered every angle.

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