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tv   Cavuto Coast to Coast  FOX Business  September 15, 2022 12:00pm-1:00pm EDT

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"friday feedback." you can send in your "fan friday" videos. fan fried. neil: fell us where you're from, tell america you're watching "varney & company" and say that. if you're not awfully careful you will be on tv watch out sports fans. time is up today. lauren, thank you very much. neil, it is yours. neil: thank you. the rail strike is averted that would normally prop up stocks. more on what is dragging down stocks for another day hire. the big selloff earlier in the week. we yet to make up the ground even close. on this settlement or proposed settlement here. remember it is not a done deal until everyone votes yea on it. marti walsh, the labor secretary of the united states obviously what in the end cinched that
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deal. big pay raises are he to go into place. jeff flock in philadelphia what we learned so far? reporter: you make a very good point, neil, it is not a done deal until it is done, the sign-off on the rank-and-file. one of the earlier agreements by one of the other unions already had been turned down. presumably this is a better deal, but at this appointment we don't know. the president dodged a major bullet with this one. it would have been a disaster. you see the trucks at the marine terminal behind me. this is where the cargo comes in, goes to either rail or truck. a lot more on trucks if this strike had taken place. the president dodged that with a 20-hour marathon negotiating session. he took a victory lap at the white house. president biden: together we reached an agreement to keep our critical rail system working to avoid disruptions in our economy. this agreement can avert a significant damage any shutdown would have brought. our nation's rail system is the backbone of our supply chain. every good that you need seems
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to end on a rail. reporter: but as i say, neil, the devil is in the details. at this point we don't know all the details. here is what weigh do know and don't know. as you point out big pay raise. that was never a problem. both side had agreed, you know, the railroads were making money and they were willing to pay money, 24% pay raise over five years, retroactive. the attendance policy modifications, what's in that specifically? at this point we don't know, they get an extra sick day. that we do know but there are other parts of that like on-call policy, time off for medical stuff. that we don't know the full details of. no hikes on co-pays or deductibles in health care. the bonus of $1000 a year to the workers. that is 5000 over the course of the contract. but as you pointed at the outset these workers, particularly the ones that held out and said we need better quality of life or we're not going to sign this
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contract, they have yet to be heard from. and presumably they will and until we do hear from them, we have only got a tentative deal. no strike tomorrow. that is good news. we'll see what happens. at least one union was not keen on what they are originally talking about. maybe rejected it, some changes. jeff flock the labor secretary martie at this walsh will join us what was outlined here. he was sort of hosting these talks, leading the charge for the president. leading the charge on retail sales americans are still buying. we don't know impact of the strike settlement that calls for higher wages across the board and whether that impacts the price of things we pay down the road, depending how you look at this consumers are alive and well, maybe sputtering along the way. madison alworth. reporter: neil, we saw retail sales grow this past month.
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that does show that consumers are fighting keeping up with inflation. if you break it down it's a fuller story. the measure looks at spending at restaurants and stores online and in person, that rose .3% in august from the prior month. that total is not adjusted for inflation which increased .1% in august. so it suggests that spending outpaced price increases. a lot of that gain though was from spending on cars. purchases of motor vehicles and their part was up 2.8% month to month. if you take that out of the equation sales declined .3% from july. so with that read not keeping up with inflation as well. so what you can see people are cutting back on certain items, especially when you look at the costs of those items. food as consistently been a big driver up 11% in cost year-over-year. look at items with food in dairy up over 16%. eggs up over 39%. butter up over 29%. breakfast is more expensive than
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ever. and of course if you're going to out to eat it will cost you more as well. that is up over 8% from a year ago. so the overall read, americans are keeping up with inflation when you look at all spending but it is clear that they are opting for essentials like cars. if you don't have public transportation you need that then pulling back in other areas where they can. neil? neil: madison, thank you for that. the read on all of the above with mike dunleavy, the governor of the big beautiful state of alaska, kind enough to join us. so much to get into here, sir, mind touching on with you this apparent rail strike averse, started and doesn't long like it is on now. devil in the details whether both sides ultimately agree to it. your thoughts, alaska a big freight rail state as well. what do you think? >> well, we're not connected to the lower 48 per se by rail, nonetheless those goods and services arrive in alaska overland by truck or cargo ship
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coming up. so anything that is going to not disrupt the supply chain already has will be good for alaska, as you said, we don't know details what goods and services flowing through alaska. [inaudible]. neil: governor, you were among a couple of dozen republican governors concerned about the president's push right now for this student loan forgiveness, 20,000, for present students, former students. could be more than 40 million of them, explain why you don't like it. >> well, it is, first of all it is a fairness issue. there is going to be people that will have to pay for this neil. some folks that never went to college, some folks paid for stupid loans. i had a student loan when i went to college. we paid it off. that was expected. the one issue. the other issue again what pressures is this going to bring upon our monetary system and inflation.
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when you look at it from those perspectives, it, i don't think necessarily something majority of americans support because once again they, they were not entitled to the benefits of having your student loan. it is kind of a head-scratcher for a lot of us, but in the end, what impact does this going to have on our monetary system. what will it have on inflation and what are people thinking going forward when agreement to take on a loan, student loan, in terms of what can be canceled or put aside. neil: if you don't mind going into politics in your state governor, there are fears among many republicans they could lose control minus your office of the state, this rank choice voting is what is doing it. that for example, sarah palin not quitting, making it very difficult for nick begich to finally beat matola when it comes to the election in november. she is finishing out that term
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in the meantime. i wonder what your thoughts are on that? it was supposed to simplify things. it seems to complicate things? >> it's a combly indicated approach to elections. we had an election system here in alaska for decades. people of alaska through initiative put this on the ballot, passed it happened right, was being implemented right around the time that don young passed. that is what you're seeing in terms of the special election play out. in the init is a complicated approach, no doubt about it. a lot of folks voiced their opinion it is difficult to understand. it is difficult to be assured person they want to get elected will bet elected through their vote. so it is a jungle primary. you could have a 100 people running primary. doesn't matter what party, top four goes on to the general. there did ranking progress, you have to have 50% plus to one this is all very, very different than what occurred here in
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alaska for decades. folks are trying to feel their way through it. trying to understand it. people are doing their best to educate themselves on it. there are questions. my hope people understand it more going in the general than some in the primary. we all want free and fair elections. we want to believe our vote counts. we'll see what happens, neil. to work our way through it and do a look-back [inaudible] neil: given for the general election in eight weeks or so, governor, do you think that sarah palin should stand down? >> you know there is a lot of folks that are political pundits all over the place which is fine, in the end individuals have to decide if they want to run for office if they want to stay in a race. sarah palin, nick begich, mary matola made it through the primary. they will be in the ballot. people will have this think how
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they are going to vote, how they will rank folkses but you find people put effort into a campaign are not necessarily interested in dropping. neil: governor, keep us posted what progress you're making. you and 23 other governors to put an end to the president's plan to forgive some of these students loans. draw your attention to the corner of wall and broad, dow jones industrials skid. mixed batch of economic news the gist of it, good enough to keep the fed ral reserve to keep hiking rates. maybe a full percentage point. even though that likelihood dipped tad. there are pockets of weakness there that give you the balance maybe have you thinking stocks should be up today. that is so far not happening. we have the aways to go. the read on this apparent rail strike will not happen now, come to an agreement. the is are not dotted or ts
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crossed or everyone involved writing off on this but the labor secretary is happy, and he is here after this. ♪. ♪ ♪ ♪ ♪ ♪ ♪
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neil: you don't see this every day. some migrant buses arriving outside the vice president's home in washington, d.c., the naval observatory. griff jenkins was there to witness it to talk to the folks getting off the buses griff. reporter: neil, that's right. governor abbott sent 200 buses, and nearly 8,000 migrants from texas border in early spring but first time he sent two buses here. look at this video we shot 6:45 this morning. the two buses holding 101 total migrants. 53 on one, 48 on another. many of them from venezuela, many migrants from nicaragua and colombia as well. this was a specific destination governor abbott sent the migrants to after vice president harris said the border was secure. he wanted her to see first-hand what is coming from his worder. one of the migrants we talked
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said he doesn't agree the border is closed. take a listen. >> it is open, we enter, we come in free. reporter: it is open for you to come illegally, right. >> illegally, that's true. we see it on the news that everybody coming illegally. so we are starting to do the same. reporter: when the migrants first arrived here there was no one here to meet them except for a few of us in the press. eventually some ngos came over and started to organize cars to help take them to the church which is what they are doing at union station since the beginning. governor abbott meanwhile says he will keep the texas buses rolling to try to bring some relief to his overrun border towns but just to give some perspective here, neil, in the last 24 hours in the del rio sector alone there are 2042 migrant encounters. now these two buses were from the del rio sector.
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there were 101 on that. just a small fraction of what they're seeing every single day, neil? neil: you know, griff, i know you don't like to take a bow for things but watching your coverage early this morning, crack of down, fluently going in and out of spanish for those getting off the bus t was amazing to watch. i would have left it oh, there off the bus. that was wild. thank you, my friend. reporter: thank you. my apologies to spanish speaking folks. i'm not fluent. we tried our best to try to get some information. i think we got some eventually finding one migrant speaking english. thanks, neil. neil: i think you got plenty. griff jenkins, thank you, my friend. daniel garza, libra initiative president, what he makes of this. between buses dropping off the vice president's home. planes carrying migrants to martha's vineyard, that on the behest of florida governor ron desantis what do you think of all of this?
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>> i understood griff perfectly in the spanish. there is that. this is not so much a political stunt as much as it is pay attention to what is happening at the border stunt. border states are overwhelmed, neil. the white house just seems to refuse to visit the border and much less recognize that we have a border security issue. immigrants, as that immigrant was saying. immigrants know this there is the open door attitude, relaxing of enforcement and intersection tactics have, the lack of reform have served i think as a pull factor to the united states to draw in more immigrants. of course imposing more burden on border states. neil: what is kind of interesting, daniel, when a lot of these migrants were coming off the bus, griff was flawlessly speaking spanish hearing it back they were kind of saying to a man or woman, the border is fine, open to us. i'm paraphrasing here the message is getting out we might have our problems there but if you want to get into this
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country, you can. what did you make of that? >> yeah. it is true, right? because of that the biden administration knows our facilities and infrastructure is overwhelmed and so they're processing folks. then of course they have been transporting hundreds of thousands of migrants across the border for almost two years now. we got silence from the left. gop governors sent a couple of thousand migrants to blue cities with permission from the migrants, mind you and revoltingly, folks like ken burns, liking it to the holocaust? totally unaware how offensive that is to the victims of the holocaust by the way. seems that these limousine liberals just don't like it that migrants are showing up in their backyard. they prefer they stay in working class areas. rank hypocrisy being exposed here. neil: thank you, daniel gars is a, libre initiative president. look at all major averages are down.
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speaks to continue us speed economy, on jobless claims front they go lower and lower, that is good for finding jobs. potentially bad for those worried that the federal reserve will keep raising interest rates there is enough ammunition to assume they will. at the very least, a 3/4 point hike scheduled for next week. i say scheduled. it is all but a given. some say it could be a full percentage point, eye of the beholder and go through the data. we'll talk to marty walsh labor secretary of the united states on the rail strike we're told averted but we shall see after this. ♪. (vo) while you may not be a pediatric surgeon volunteering your topiary talents at a children's hospital — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you give back.
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yes. but the guy who brought them tote table, stuck around 20 years to make sure something is don't around the table, labor secretary of the united states marty walsh kind enough to join us now. good to have you. >> thank you for having me, neil, today. neil: do you think this will pass with members? >> yeah, what will happen now is that the union leaders will take it back to their membership. they will have a chance to discuss it. there is democratic process. the members will take a vote on it. there is 12 contracts in total that need to be voted on. they're all going to be sporadic time. i feel good. this contract, a lot of time and effort went into this contract. i think at the end of the day the members will look to see the importance of this contract because i think this contract respects the values of workers for train companies. neil: do we know the international association of machinists aerospace workers who little more than 24 hours ago voted to reject what was the deal on the table then will vote
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for, i assume a different deal now? >> i haven't spoken to them yet. i know some of what we discussed last night of importance to the machinists. i think that will be, i think the company and unions will be talking today, hopefully get that contract back up on the table again and get an opportunity to go out and show the members again what added on into this contract what might not have been into the last one. neil: we were told you were shepherding this process. i don't know if you had any sleep, when i interview, someone hasn't had sleep they will say crazy stuff so i will continue to ask you questions. i wonder what took so long, what was the sticking points? >> it has been a go year negotiation. it took a presidential emergency board to come to together to get the negotiation moving forward. there is several issues last night a lot is language, getting into the weeds on language. when you're in negotiation down to the last self items, always
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seems to be the longest to get it resolved. i think a lot of it was passing paper back and forth. what i was doing walking back and forth between the rooms, both sides staying talking. a lot of it was done in person, but through computers. yesterday morning when everyone came in the office they said i want to get an agreement before we leave here today. with the help of both sides we got an agreement done. neil: i understand that maybe a motivating force at least for the union representatives was this republican effort to force legislation, to force them to, to take a deal. how true is that? >> i wouldn't say that true. what a motivating force was myself and more importantly the president of the united states of america explaining to both side what was at stake here. supply chain working about president trying to bring down global inflation pressures, domestic inflation pressures and understanding that if this strike happened tonight which would have been tonight at
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12:00 it would have devastating impacts on american economy. american people have been through enough. what we didn't need a national strike. neil: these are generous provisions, mr. secretary, for the workers and a lot of the pay stuff was ironed out. those are not new developments but a 24% pay increase by 2024. immediate 14% pay increase like now. 1000-dollar annual bonuses the next five years. someone will have to pay for that. i wonder whether it turns up in higher shipping costs, higher product prices for americans. >> let me address the 14% right now. the 14% is, the workers on the trains have been working without a contract for the past two years. so they're working from a wage for three years ago. if they had done a negotiation, got it done in time you would have seen that increase happen across the board. that 14% for the last two years. that is where that increase comes from. again i think this is a good contract.
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looking at companies have done really well last couple years in the united states of america. the workers have worked really hard. they worked through a pandemic. kept your supply chains moving forward. we have to respect our workers honestly. that is what this contract shows and the carriers were at the table last night, they stated that. the unions at the stable last night. they stated that. at the end of this all everyone walked away feeling in a good position. the president talked about it today. making sure we continue to move our freight around the country. we continue to respect workers that move the freight. neil: back to my point, sir, i understand what you're saying about the 14% which actually retroactive to some years. i understand that. the 24% going forward by 2024. there are of course other features here. the know increase in health care co-pays, deductibles. again my question about whether that gets passed along for consumers or retailers for the price of goods that are you know, sent back and forth via rails, someone will have to pay
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for that in higher costs are almost inevitable. >> i'm not picking on them because i believe in capitalism. the rail companies have done really, really well the last couple years. what it talks about doing, talk about this all the time, what workers are looking for is respect. workers are looking for a share of what profits are being made. i don't think there is a need to be raising freight costs ands passenger costs in particular right now, there is lot of stress, particularly on passengers, a lot of stress on them this contract is a good contract that, health insurance piece of it, there is a cap. it doesn't mean their cap won't go up but there is cap on what can go up. as as long, i was encouraging both sides get to the table, as soon as they can, in the next year because this contract expires 2024. we don't have to see the same situation where we bring in presidential emergency board and other factors to get a contract done. a lot of people learned a lot from this negotiation. when i say a lot of people i say companies and unions.
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neil: there is something, when you talk about people learning a lot, sir, from undernegotiation or settlement, others might take wind of this the rail workers got 24% rate hike. i want in on that. are you worried that that will be a trendsetter here? >> no. i'm not worried. i think that workers in america deserve to be paid a fair wage. when you look at what has gone on here. you look what those workers and other workers in this country have gone through they deserve a fair wage. neil: but it is 24% -- i get what you're saying -- >> 24% over five. overfive years. 24% over five-years pay increase. neil: on top of the 14% that came before, right? >> no. it is 24% across the board. but help mee with my math. i apologize. i know you would be tired but you're not. let me ask the 14% that is retroactive last three years, 24% through 2024. that's, no matter how you slice it well beyond -- >> i don't believe, i don't
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believe that. i could be wrong. if i am i will come back an apologize. i think 24% increase over five-year period. so the 14% for first two years of contract, rest of the contract, rest paid out over the rest of the contract. neil: rest of 24% over three years then? >> 2022, 23, 24. the contract ends. neil: that is 28% a year, right? tracking about the 24% price. >> take 24% divide it by five, it is 4. something percent per year. neil: it is not the way you're explaining i understand the back pay increase -- >> i think the way you're explaining it to me -- neil: wondering no matter how you slice it, mr. secretary, what have been other agreed to settlements on the both private and public unions. i'm wondering whether they will look at this say we want that? >> well i mean they might ask that. i ask back to you, i don't know if american workers should be paid what they earn and how they
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work? this contract shows the value of the american worker on the rails. anyone who watches this, the railroads, a lot of these, a lot of these workers, 80% of these workers that work on the railroad don't have a fixed schedule. a lot of workers on the railroad mopped through friday, 9:00 to five. there is working when a train going out. the workers leave their home. go on a train. 3hours away. stay on a hotel and come back home. these workers are very challenging industry. it's a very dangerous industry. i think, i'm not going to go on the show and not defend, the right for workers in america to earn a good wage, have good benefits. i'm not going to do that. every worker in america deserves good benefits. the gentleman filming me right now on the other side of this camera deserve as good wage, standing here at the white house, it's a hot day, he should get good wages for what he done. neil: finally inflation issue at the core -- >> sorry my earpiece keeps
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falling out. neil: no, that is fine. i do want to get your thought on inflation whether that is now with some companies laying off workers or downsizing, you know in light of those pressures does that worry you that inflation itself, this is a separate deal, i grant you, is a real problem for american workers? >> no. certainly. i mean i think we've been very clear in this administration that we're doing everything we can to bring down inflationary pressures. numbers came out the other day, i certainly like to have seen them lower and we're doing everything we can to bring those costs down. like i'm doing everything they can to people get good opportunities for good jobs. we will continue to work. working on supply chain issues. obviously if the rails struck and they were out of work tonight, that would add even additional pressures to our inflationary numbers. we need to do everything we can to prevent adding to inflation and bringing costs down. neil: got it. see we ran out of time, secretary, i would talk to but the boston red sox and this season -- >> thank god we ran out of time.
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neil: we didn't have time there. always good seeing you. thank you very much, secretary. >> thawing, my friend. neil: marty walsh, labor secretary of the united states former boston mayor americans red sox reference. dow down 123 points. stay with us. we have a lot more. ♪.
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will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com neil: all right. there might be a full throttle push for electric vehicles in this country but that doesn't mean all vehicles in this country. if you are a mustang lover, not those mustangs at least not for the near term. grady trimble in detroit, michigan with plans for the future that are not electric. what is the latest my friend? reporter: yeah. there is a lot of buzz around electric vehicles here on the show floor and in the auto industry at large but ford is not going all-in on all electric. in fact this car is sort of a statement piece, piece de resistance if you will.
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they unveiled this new mustang last night. it is combustion engine or ice vehicle. >> a lot of other companies will have to get out of this segment but we have the mustang mach e allowed us to make another v8 coup. our ice products back to segment we think electrification will take longer. reporter: vehicle prices yesterday when president biden was here he didn't mention new car prices are higher than they ever been. the latest numbers from kelley blue book shows the average price for a new vehicle is around $48,300, up 11% almost from a year ago. a big reason for those higher prices the supply chain issues that the car industry has been dealing with, in that exclusive interview with me, ford ceo jim farley told me expects supply chain challenges to continue well into next year. >> the chips are slightly
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improving, not resolved yet. many suppliers who are not chip-related are having problems. either maintenance or absenteeism but we're, we have several issues right now as a company that we're working through. we're really good at this but it is getting challenging in a different way. neil: -- >> to bring it back to the switch to electric, ford's crosstown rival, chevrolet motors, the blazer ev, they are planning to go fully electric, every new car they make will be electric by 2035 they say. ford on the other hand says certain vehicles won't be electric for foreseeable future that includes some of the sportscaster like the iconic mustang even though they have the mustang mach e next to it and super duty vehicles ford is so well-known, big ones f-250 or 350. jim farley says they won't be any electric anytime soon. neil: the only mustang that is
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electric is the mustang mack e? >> yes they have new one, v8 engines, classics. neil: thank you, grady trimble. i don't know if john tammany is in market for mustang or otherwise. real clear markets editor, freedom director. john, good to see you. >> thanks for having me back. neil: let's talk about this push for you know, going green and e vehicles and all the rest but in mustang's case for now, keeping at least the core brand fossil fuel. >> fossil fuel and it speaks to your former, previous guest, the labor secretary americans deserve a fair wage and government will provide it. government cannot provide such thing. government same way cannot decree a green future t offers freedom at free society prosperity would lead to green future. when they are prosperous they want some of these things, when they're not doing well, their
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focus is not on a clean environment but focus on eating, getting a paycheck. prosperity first, this comes later. neil: the government might not be able to set wages but it can certainly strong arm a deal that does and this looks like a very generous deal, no matter how you want to look at it three or five years. do those type of deals, worry you down the road as copycat deals that others willed look to say i want that, to hear the wage inflation keeps going? >> of course they do. government can't make something happen. it can just warp an outcome. it can't decree this kind of outcome f it forces this on businesses you would logically, government can't make prosperity create shortages. it can create less of something, it is demanding of businesses you're going to see them go elsewhere to avoid these kind of strong arm scenarios. neil: you talk about clean energy, touching on ev push, semipush amongst some. whether demand is there, i know one of your key points lately is
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that we all want to a green, better planet, clean air, all of that, the rest, that can be debated negotiated in an environment like this, right? so where are we on that? >> who doesn't want to clean environment? i grew up in southern california where smog was the norm that has changed. what changed? was it environmental decrease or california's economy evolved in such a way sew proslous that people could demand that outcome that is the same idea here. you can't force this on an economy. we note throughout history, people are prospering they're willing to pay more for things. can whole foods done well in the 1950s? definitely not. in 2020 it thrives because people have the means to seek a better outcome with food. we'll see this with environmental but you can't force it, you have to have the prosperity first and that is born of economic freedom, decrease from government. neil: europe, they were leading the climate change. now they're looking at coal,
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they're looking at natural gas, looking at nuclear. they're bending and weaving. we are not. >> always putting the cart before the horse. there is this notion, again the labor secretary, well americans deserve a certain wage, they deserve a certain outcome. government cannot do that. it can only give what it has taken from someone else first. you have to let the prosperity happen. at which point you lead all sorts of brillianted wage out comes. where businesses are prospering, they are competing for workers, they're competing to treat workers better but you have to have the success first. neil: do you worry about a spillover effect that as this deal goes, it was just negotiated, we're going to see more of that? it will push up, sort of like, you know, college loans and all of that, colleges see that, they rammed up their tuition an on and on it spirals? >> with inflation i think there is a, i think there is a danger in misdescribing it. inflation is devaluation of the currency. this is where i anger all the viewers saying this would be the first inflation in history which
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the dollar rose against every major foreign currency plus rose against commodities. to me what we're experiencing today is the effects of command and control. you cannot shut down a global economy, eviscerate millions of commercial relationships over decades and flip the switch have the prices resume where they were. that insults the genius of capitalism that was taking place before the lockdowns. to me this is consequence of lockdowns but that is not inflation. neil: something is rattling the markets then. what is it? >> i don't think it is the fed. we've known about the fed for quite sometime. this notion that the fed controls market outcomes is laughable. to me i think it is growing uncertainty about what is going to happen in november. i heard this from republican pollsters. a year ago, the expectation was a republican rout. now there is uncertainty. markets are looking to the future and pricing probabilities.
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is it possible the outcome could not be as great as we expected? you have to price that. markets love gridlock. so a republican route would be brilliant for markets, the same way for democrats if they took over during a republican administration. neil: what if they split, senate stays democrat and hoist just a little bit more? >> a little bit more that signals the possibility of more legislation that would be anti--- neil: that is part of selloff? >> you have to price these probabilities. neil: all right, very interesting stuff. john tamny, real clear markets editor. he does have a real clear view of things others miss. maybe that is the going on at corner of wall and broad. including what is happening to football, now that it is not only the broadcast giants televising this, getting in on the broadcast bonanza, but amazon beginning to night. we have "thursday night football" streaming to your home. now there is a difference between younger viewers who know how that works, older viewers
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who have no idea how that works. that battle will be waged tonight after this. ♪. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪
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>> welcome back to "coast to coast." i'm kelly o'grady. a lot of retail news to get to today. walmart trying a tool in store fitting room to online shoppers. it is called be your own model experience. using an app, you can take a full length photo, you can see how clothing hangs or looks. retailers like amazon rolled out similar tools, about your own model is the first of scale available on more than 270,000 items. the hope this new tool captures buyers fighting inflation that prefer to shop online. you remember kanye's collaboration with gap? the company is looking to terminate that relationship. the stock is down 4%. we got a look at the letter the rapper's lawyers sent to the retailer that gap failed to meet obligations selling 40% of product in stores by the second
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of 2021 and creating easy gap stores. he made headlines selling clothing out of trash bags in times square, that was in fact a different contract with ba lens sy aga and retailer. the company gave gap 30 days to fix the contract breaches, telling fox business, quote, diligently tried to work through these issues with gap and counsel. gap will move forward to make up for lost time by opening yeezy retail stores. that is not the only issue the rapper had with business partners. in recent weeks he declared public grievances with adidas and emphasized the attempt to go it alone. i will be watching. he never does anything under the radar. neil: never under the radar, thank you kelly o'grady. for you fans out there, "thursday night football," it's a little bit different this year. amazon paid rights to be the home of thursday "thursday night football" next
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10 years, 11 billion bucks. people are not ad depth how to stream to get to that, my next guest says that amazon is going the amazon the heck out of the nfl. he has a way with words. andrew marchon, "new york post" sports media columnist. good to have you, andrew. a lot of people are adept, streaming going to amazon prime, getting the game and all that, a lot of people are not. i'm wondering you know, it is virtually indistinguishable streaming now that it used to be from broadcast. how do you think it will go? >> i think tonight some people will struggle wit. even though people like me and you maybe know about that will be on amazon, now your audience is finding out. there will be that initial where is the game on. the chargers and chiefs, patrick mahomes and justin herbert, very good game. amazon what they try to do, they're really good at customer
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service. they will have the phone lines, people standing by if someone has a question to be able to call them up to figure it out that will be a transition. it does not help and look things up quickly with the internet to find out where it is. do people know you can watch it, if you amazon prime, some people don't even know they have prime video. neil: that is interesting. reassuring for some of the older viewers, the fact al michaels, 77 years young will be there to guide them through the booth. how important is that? >> that is definitely really important. when you think about it al michaels is the probably greatest nfl tv play-by-play player in years. he is in his 37th year. if you are able to get it on, it will be comfort food to see michaels there they hired fred gadelli sunday night producer for nbc and kirk here street,
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long time gameday analyst. i think the broadcast will be good. the question will it be able to stay on? amazon is confident they will do it. this will be the biggest live streaming event in the history of the medium. neil: more to come. we'll watch it closely, andrew marchon, "new york post" sports media columnist. imagine being in the nfl. the world is your oyster. networks vying to cover your games. interned and social media giants vying to do the same. that is called heavy demand for limited supply. we'll have more after this. ♪. ♪ this... is the planning effect. this is how it feels to know you have a wealth plan that covers everything that's important to you.
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what's the wifi password again? here you go. cool. thanks. no problem. voya helps me feel like i've got it all under control. because i do. oh she is good. voya. well planned. well invested. well protected. phil neville inflation front and center. we' ve got you covered on all aspects of that. the labor secretary talking the most generous need for railway workers that could be very inflationary. we thought it would make a backdrop to discuss because this is the number one concern of americans. edward lawrence, jennifer griffin looking at how soldiers will go on food stamps to avoid basic necessities, ashley webster on how it is affecting

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