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tv   Cavuto Coast to Coast  FOX Business  September 19, 2022 12:00pm-1:00pm EDT

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he is 73 years old. that is a lot to handle over the course of the last 12 days. neil: seemed to handle it remarkably well. there are ceremonial things the next few days. perhaps it winds down, can be king of england, king charles iii. thank you for all your help, ashley. my time is up but neil, it is yours. neil: thank you very much for that. noontime east coast of united states. in this country, a lot of countries around the world fixated on developments going on in england, pretty much mesmerized the world for the last 12 days. meantime a lot of folks making sense of the world the queen left behind. the world in the middle of what seems to be a global slow down on runaway inflation. we'll keep an eye on that. you updated on final events happening in st. george's chapel. do want to direct your attention
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to the corner of wall and broad. meanwhile we have a bit of minor selloff going on here. it has been within a tight range. this is the week after all everyone expects the federal reserve to hike interest rates when they wrap up a two-day meeting on wednesday. expected to hike the overnight bank rate 75 basis points. the expectation after more dramatic hike has gone down the last 72 hours. for a while, almost half of those surveyed were looking something in the vicinity of a full point hike. that has since gone down, now a few of them, one out of 10, expectations would be dramatic. 3/4 of a percent hike would be a good deal indeed. a third in a row. keep us in trajectory having likely ending the year at 4% higher overnight rate, connell mcshane keeping track of all of that. connell? reporter: we've had the pattern in the market. looked like it would hold today, may bounce back after a big
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selloff. s&p was down a lot, almost 5% by the end of the week and it is the 8th week this year the s&p 500 lost at least 3%. when we opened this morning it that was one thing we turned higher. we're back down again. it will be interesting to see where we end up, 3863 right now but i think the number to watch this week for a lot of people is 3366 on the s&p because that is the bear market low hit back in june. longer term chart of s&p. that is the low right there 3600 around for the s&p 500 so a lot of the chart watchers have been marking that down and saying that maybe we retest that in the not so distant future, ahead of fed decision, ahead of earnings we have this week. speaking of the fed and interest rates which you were at the top of the hour, we do watch the bond market closely this morning. we're just about 3 1/2% on 10-year treasury yield. brief time earlier today, we
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were above 3 and a half%, highest level in more than a decade. we were there back in 2011. everybody is about expecting a interest rate hike from the fed. most as you said are 3/4 of a point. they say a full point. either way you're dealing with higher interest rates. so watch that round number if we end up 3 1/2 today but right on the precipice of it right now. to get back to the stock market, look at a few movers. big tech when we opened up the likes of tesla, amazon, microsoft are all down. two of the three are higher, playing into that pattern maybe bouncing back after a week of selling off. then we have some earnings to watch this week. costco reports. lennar, the homebuilder reports. so does fedex which is interesting. it reports on thursday. that will be the full report from fedex after the big sales warning that really shook things up in a big way last week. that is where we are. this pattern after bounce back after a selloff.
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maybe we'll see it. we're going back and forth. neil, when we think about it, it is a central bank preview, the fed wednesday, don't forget the bank of england on thursday as well. neil. neil: thank you very much for that, connell mcshane. speaking of bang of england, all activity to a halt, saying final good-bye to the queen elizabeth ii finally buried today. the government was shut down essentially today. the government in pretty much 12 days very little activity. we'll keep you posted on that. the markets closed there, the pound in and out of nearly four decades low. the reality of life return for britons, certainly the new king, king charles iii, and the new prime minister liz truss who apparently is going to announce tomorrow the plans to deal with the energy runaway costs there, including potentially capping those. how she pays for that anyone's guess.
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sort of rudimentary concerns of running the country come back to harsh reality tomorrow. meantime the harsh reality of inflation in this country, a president who did travel for the queen's funeral to britain, his insistence we're through the worst of it when it comes to inflation. not everyone is buying that. edward lawrence at the white house with more. edward. reporter: neil, the president on his way back to the white house from the united kingdom as he is leaving that funeral procession. on a 6:00 at -- 60 minutes interview, president biden saying inflation is essentially flat. president biden: put this into perspective, the inflation rate up to month is an inch. >> you're not arguing 8.3 is good news. president no, make it all of sudden my god it went to 8.2%. >> highest inflation rate, mr. president in 40 years
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president biden: i got that. we're in a position for last several months it hasn't spiked. it is barely, basically even. meantime we created all these jobs and pricehave gone up. reporter: president is talking about in the last cpi inflation report from july to august inflation went up .1% overall but he failed to acknowledge that core inflation, without food and energy prices went up .6% which is a very big increase. just look at this chart. republicans believe the president is trying to sugarcoat a very bad inflation situation. >> they still want to spend more money and as a result we are seeing that record high inflation. one in six americans now behind on their utility bills. iowans, americans simply can't afford president biden and nancy pelosi's agenda for this country. that is why i think we'll take their checkbook away come november. reporter: now we have goldman sachs cutting gdp growth
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for the united states for this year down to just 1%. neil? neil: edward, thank you very much, edward lawrence. the president again trying to put a nice picture or frame on inflation as he can but art laffer, former reagan svengali, advised democrats republican presidents over the year no way you can put lipstick on this high-priced for years. you can look at monthly gain after .1% and ignore .6. 8.8 runup in prices unabated but it is what it is. >> it is. you know we had a very sharp rise in spot commodity prices in the beginning which gave us year-over-year inflation much higher than it should be. the core was much lower. now it reversed itself, so the core still going up but you got
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spot commodity prices bringing down to flat per month. the president was correct on the numbers. that is not the real thing the core is there. i don't see anything that tells me inflation will come down in the sense of the core or basic rate of inflation. your earlier comments by the way on the stock market, you also, when you're looking at peaks to peaks, last troughs, remember you got the real stock market. if you deflated that s&p 500 number by the 10% or 8% inflation it would be much lower today than it was back then. so, you know we want to look at everything in and inflation adjusted world. neil: that's a good point in real terms you lost another 8 to 9 to 10% on top of those year-to-date numbers which are dismal enough as they are. this is the week the federal reserve meets again. art, expectations for another 3/4 point hike. how do you think the hikes are working on this? >> well they are not working on
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this very well frankly the way they set the interest rates, neil is a price control mechanism. what needs to be done market rates have to get up. the controlled rates have to get up to the market rates before starting to have real effect just the way volcker did it. he allowed rates to seek their own level. why we got rid of inflation so quickly. these people are not doing that. they're trying to control the rise in rates. they will have to keep raising those rates until they get in the market area. that is a long way off with inflation running, 6, 7, 8%. the yield should be much higher, maybe 6 or 7%, that would be if the real yield were zero which you can't have a real yield of zero not have recession or downturn or bad. the expected real return on a unof capital over the coming period, two year or 10 years. it is really a very tough situation they're in. i think they need to raise the
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rates up to market rates as fast as they can. neil: meantime we do know effect of higher rates obviously. it is obvious hitting the real return you're getting in the stock market but also competition for stocks in general. if you get a 10-year note down north of what, 3 1/2%, you got a two-year note, not that far from 3.9%, you have competition and safe competition at that, if you're, your goal is to protect what you got. a lot of people have lost a lot in the stock market that could be sort of a double-whammy, right? >> yeah, the 10-year one is dangerous asset to buy to equilibrate with stock market. you're looking a 10-year period, neil, with 3.48, whatever the number is this second. that is not a good yield in and inflation requirement the way we have right now. i don't think that is in competition. if the 10-year bond yield were in competition with stocks, market, u.s., world economy, i think 10-year bond yield should
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be in 10-year bond should be 7, eight, 9% range right now. neil: we know it's a higher than a lot of stock dividend yields. i'm asking is there another reason to dissuade stock investors from stocks? >> well, of course it's on the margin it may be something but do remember stocks have built in appreciation in them as well as the dividend yield which the bond does not have. neil: fair enough. >> bond is a khashoggi situation and the stock market can have the appreciation of the stock as well as the dividend yield which is why i would argue that they are not really in full competition right now. you would have to have a lot higher bond yields to put them in full competition with dividend yielding stocks. but, that is where it is, that is what the fed has held down. the reason they have done that, the way they have done that, by expanding their balance sheet. they have expanded the balance sheet hugely to a little less than nine trillion. they have provided a enough
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liquidity, enough money, monetary base if you will to provide for inflation continuing without abatement, for a long, long time. in other words it is really hard for them to tighten the money market when they have got the monetary base at nine trillion dollars, or the balance sheet of the fed at nine trillion dollars. it takes a long time to tighten that one up. i don't expect them to do that anytime soon. neil: all right. art, great catching up with you, my friend. art laffer following all these developments. >> thank you, neil. neil: in the meantime here just letting you knee looking at closing developments in london after 12 days of recognizing the longest serving monarch in british history, queen elizabeth ii was lowered into a vault at st. george's chapel. she joins 23 others, henry viii, queen elizabeth, her grandparents, george the v, queen mary and on and on,
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probably more important to her, buried beside her husband, phillip. as england says good-bye, hello to its king who officially starts those duties in full force today. ♪. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire i got tai last december.
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♪. neil: you think about this, after more than 500 miles of travel from the scottish highlands to edinburgh, to buckingham palace to westminster abbey, and now lowered in the ground at st. george's chapel, along with 24 other royals including the queen's parents, and grandparents, henry viii, her sister margaret on and on. a quiet moment for the family after the crowds of better than 12 days here as the nation says good-bye to its queen. now gets a better sense of the magnitude and the jobs and responsibilities on king charles iii over this period, having the pleasure to sort of get an eyeball look at this from someone who knows it very well, the royal family very
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well and the history that is being unfolded over the last almost two weeks with charlie langston, thedailymail.com editor. charlie, every step of the day i want to thank you for giving us this view, helping americans understand what we're all watching. but what i'm startled about, you did warn me about this, this would mesmerize the world. this just wasn't any other leader. i want to fast forward to the new king, how he is perceived. not only a tough act to follow, comes amidst a country much like the world in midst of real slow down, out and out recession in some places runaway inflation, so you got a new king a new prime minister dealing with that, talk about baptism by fire? >> absolutely, and i think that you know so many people have talked about losing the queen as being like losing a safety blanket. it's, the loss of a constant in
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their life at a time of such huge upheaval, both politically and economically but i do think that charles has handled this moment with a huge amount of grace and he is also allowed people to see his emotional personal side. that is something that he learned from watching his mother for decade after decade, and allowing the public to see him shed a tear on the funeral, going out on surprise walk abouts to greet mourners around well-wishers, these are things charles has really done in ard to show the people he will keep on his mother's tradition of embracing people. not putting up a wall between the monarchy and its subjects. i think that has been vital for him because he really hit the ground running, his popularity already has massively increased since his mother passed away. neil: when we questioned in the
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past or at least your fine people questioned in the past, the the monarchy, i'm thinking the environment your pound in and out of 40-year lows against our dollar, runup in prices, prime minister is looking at some sort of relief to cap of the energy prices, we heard catted calls from people, people who shouted back at a few, shouted back at the royals, shouted back at the king over the expense of this, royalty itself, do you expect that get worse? >> it is such a double edged sword, an event unfolding the past 12 days at the end of the day it is display of enormous opulence, very lavish celebration. i personally believe the queen should have been afforded nothing less than the incredible
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sendoff that she got, however, it obviously jars very much with the economical hardship that some people are facing but i will say that the british royal family brings in a huge amount of money from tourism and i think that if we were to lose that it would be extremely damaging for the country. i will also use my mom as an example. now she has someone who seen her energy bills skyrocket. she has been told to expect even greater increases in the coming months, yet when it comes to paying tribute to the queen my mom has been glued to every single second of the coverage on tv because i know she feels the same enormous sense of pride that i do in britain and in the monarchy, in watching the world find such you know, not entertainment but find such intrigue in our small nation. we may be small but as the past 12 days have proven we are still
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great. neil: that is an understatement, charlie. thank you very, very much. charlie langston, following all of that. by the way we're mentioning liz truss, the prime minister. besides getting a chance to speak very briefly with president of the united states she will get a real opportunity one-on-one with a bilateral meeting literally in new york for the united nations general assembly conference indeed going on this week. they will be chatting on wednesday. she is on the verge of proposing this plan that would cap energy bills for britain. she is not very clear how she is going to pay for that. we'll see. more after this. y as ever. and thanks to voya, i'm confident about my future. voya provides guidance for the right investments. they make me feel like i've got it all under control. voya. be confident to and through retirement. hi, i'm karen. i lost 41 pounds with golo and i've kept it off for a full year. i've been dieting for decades.
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neil: people slowly but surely, some cities rapidly coming back to work. some places we're back to the prepandemic levels. gerri willis looking at the latest numbers. gerri? reporter: neil, good afternoon.
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workers are returning to the office at highest rate since pandemic forced people to come back home but get this the level is half of what it was in 2020. just 47.5 workers are back in the office over five business days ending september 14. we're looking at 10 major metro areas monitored by security swipe tracker castle systems. biggest days, strongest days are tuesdays and wednesdays. that is when 55% of prepandemic workforces come to the office. the numbers are picking up since labor day, because employers are getting kind of antsy in the new york area where major wall streit banks earn workers to get back in the saddle for example. ridership on the long island railroad surpassed 200,000 for the first time since march of 2020. metro-north i can attest personally hitting the post pandemic high the same day. other parts of the country coming back faster. 63% of workers in downtown
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houston are back in the office. that is according to cell phone tracking data. that is 10% rise since labor day. it has only been a year since businesses dialed back office return plans because of the delta variant. most employers still allowing hybrid work scheduled for workers. not everybody is back, not yet, and not by a long shot, neil? neil: gerri, thank you very, very much for that. we have susan li with us right now taking a look at a lot of big headlines including unemployment still a big worry, particularly in among younger workers. >> we're talking about china in particular the world's second largest economy and there are implications for a lot of big corporations here in america. think of apple, think of nike, think of tesla. we know one in five according to the latest reports, one in five urban youth are unemployed in china. that's a big deal. neil: that's amazing. reporter: that is amazing especially you have an economy beijing will grow 5% this year.
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nobody on wall street believes that they're penciling 3.2%, maybe some recovery next year. think about it the zero covid policies had impact on the economy and consumer, whether or not they're drinking starbucks or buying as many nikes. neil: they're the catalyst for a lot of that. they lead the way, technology spending in general. reporter: i would say a lot of stocks react from some of these headlines getting from china. this morning you had tesla, shanghai showrooms stay open, because their work has some concerns that with the hidden consumer over in china which by the way is one of the largest markets, if not the largest markets outside of california that would have big impact on the bottom line, right? shanghai not only makes teslas for the chinese market but one of the largest export factories for europe until gigaberlin gets active. apple makes 20% of their sales in china.
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according to reports despite the zero covid lockdowns and the concerns of the consumer iphone 14 sales have been pretty strong in china. two million of them. they actually, because of it chinese demand it crashed some apple store websites. nike just announced they have a new deal with ant group. so i would say, look, this crack down on tech because you have unemployment at alibaba first time since it became a listed company here, 13,000 losing their jobs at alibaba, 5000 at tencent. neil: i wonder though, china's policy of zero tolerance with any spike in covid, one of the few countries on earth shut down whole cities. reporter: yes. of 30 million. neil: like a "whack-a-mole" thing. then it appears in another another city. the only major country that does this. reporter: i did some travels back to asia this summer, i asked why are there such stringent covid policies and you're killing your own economy. they brought up a great point,
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in china a population of 1.3 billion, they don't necessarily have the medical resources to handle a huge covid outbreak. neil: it got way out of control, that is the fear? reporter: they're concerned if it goes everywhere they don't have the capacity, hospital capacity to handle those type of numbers. neil: just wild. the only country that does that. keeps people guessing here what else shuts down. reporter: think about travel to asia, hong kong, decimate had economy because of lockdowns taking place. neil: susan, thank you very, very much. we're down about 77 points. right know, also keeping track of mother nature, the hurricane season had a late start, in fact virtually no start to it, we were going through six, seven weeks of no major activity. sudden, lots of major activity on atlantic side of this country, what is going on the pacific side of this country, we're all over it after this.
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neil: all right, after walloping puerto rico right now, leaving almost two million people without power at its height, we see fiona, know hurricane fiona making its way to the dominican republic. will nunley with the latest in puerto rico. reporter: neil, we're absolutely in a state of emergency here dealing with mudslides, water rescues. we've seen scenes of bridges washed away into the forest. a floodwater rushing off. behind me the one of many communities across the island without power, may be for days if not weeks to come. we've been going through some neighborhoods behind me here this morning we could hear the hum of generators as people are trying to power their homes and basic necessities as best they can but, again they're looking
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at a long haul because we're seeing just power polls snapped across the terrain wherever we go. there's a rush here on some grocery stores that are operating on generator power, able to meet some needs. meanwhile rescuers are trying to get hair heads around the operation and totality, excuse me of the damage here. you tilt crews only been able to get out and really explore and try to make some repairs over the past few hours. we gotten word 100,000 people had power restored. that is a small dent in the overall picture. neil, we had 103 miles per hour for hours at a time lashing the coastline and really the entire island of puerto rico affected by this. this is another major clean up effort for the community. fox weather team is on the ground. we'll bring the latest as it unfolds. neil: will nunley. speaking of weather team jason frazier. big fan of jason. he can explain this stuff.
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>> you are officially hired as my agent. thank you very much, my friend. neil: what is going on with the season farce delayed with hurricanes, making up for lost time -- as far as? >> the height of hurricane season happens around september 10 inn. after september 10th we see a huge up tick. yes i admit the hurricane season in the atlantic has been fairly slow. we only had sings storms so far but let's talk about hurricane fiona. it has battered the island of puerto rico. it made landfall yesterday at about 3:30. it had max winds of 85 miles per hour. we did see some max winds over in ponce of 103 miles an hour. as you can see some of the damage left behind by that. a lot of streets are now flooded. this, neil, this will take weeks, if not months to recover. neil: typically we go through the end of november? >> yes so the end of hurricane season is officially november the 30th but it is important
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to keep in mind we can get hurricanes year-round, right? but the reason why we go through november 30th is pause because of sea surface temperatures that is the fancy way of saying ocean temperatures. hurricanes need low wind sheer, which is change of wind direction with speed and height. on top of that they also need 80 degrees or higher. with fiona category 1 will continue to move no another westward over the dominican republic. we expect it to take a northerly track. you look at the radar, it is an absolute mess in puerto rico. we're slowly starting to see the rain taper off here. but as we talk about the future of fiona. this is going to continue that northwesterly trek there. eventually we anticipate this will clip turks & caicos and then possibly bermuda. neil: let me ask you, i know it's a different sort of a
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weather beast, asian typhoon that walloped alaska, do they follow the same type of pattern like typhoons or hurricanes? >> in asia they refer to hurricanes as typhoons but what we saw up in alaska is pretty historic. we saw winds 90 miles per hour. that is part of reason why you saw all the flooding you see right there on some of the roadways. the alaska governor up there declaring a state of disaster as a result. this is not something they typically see this type of year. neil: hard to do, you remind me about the way the rest of the season looks, sort of by chance, sometimes, depending on the conditions, how do you see the rest of the season? >> so we are definitely going to see another couple of storms. the question is how many but as i always say as meteorologist all it takes is one to really not only knock out the power but of course, cause a whole lot of damage but so far, neil, we've been pretty lucky. there will be a couple of
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different research papers that are going to talk about the season, about why it has been so quiet. there is some investigations going on right now about why it has been so quiet because initially we thought that this was going to be a very busy season. neil: right. >> so far as you can see from the stats, it hasn't been as busy. neil: could i ask you a dumb question? >> there is no document question. there is no dumb question, neil. neil: if you have a hot summer and we've had a hot summer for the most part, it means a very bad winter? >> not necessarily. so there is a couple of different factors at play here. so you can talk about sea surface temperatures which again that has has to do with the ocean. what happens in an arctic can, determines cooling of the water, upper moisture in the atmosphere. i don't want to nerd out here, neil. you can invite me back and i can nerd out. neil: i don't want to know what is going on with magnesium futures, platinum futures.
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on the nerd thing. >> i look forward to that. neil: thank you, my friend. he knows his stuff, jason frazier, makes it and says it in a way even i can understand. i mentioned before, we're waiting to see the big week when the federal reserve hikes rates again. i did not point out china just lowered rates. they're trying to zoom us to attract capital there, lowering rates, goosing their economy when we are doing the opposite. by the way everything resumes tomorrow in britain for example. the bank of england is expected to hike rates as well, also maybe 3/4 of a point following canada doing that the your european union doing that. to what jason and i were talking about, some financial storm clouds to deal with it. take that, young man. we'll have more after this. ♪
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yesterday we had, the day before yesterday we had a little bit over 1500. so the numbers are continuing to increase. you know that is continued the rise. >> new york city has always been a sanctuary city, a city with right to shelter. we're going to continue to do this. we have a moral and legal obligation to do so. we're not asking for people all over the country to send people to new york, merely because they don't want to take on their responsibility to help those who are seeking this american dream. neil: well, there is responsibility and then there is overwhelming responsibility. in texas, states like arizona, disproportionately had the share of it through the entire migrant crisis. so other cities, sanctuary places where this is a newfound phenomena, they're not exactly in a position to complain compared to states like texas and arizona. aishah hasnie following the back and forth on all of this on capitol mill.
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asia? reporter: neil, the back and forth has really stalled because republicans on the hill believe democrat are the really trying to put the cart before the horse when it comes to immigration reform. in fact senior gop senator john cornyn of texas as you know is a big deal-maker on the hill told reporters he cannot see bipartisan immigration reform until this administration really deals with the crisis at the border. now his comments come as president biden and vice president harris continue to claim the border is quote, secure. in reality, neil, you and i both know thousands of migrants are being caught on camera every single day climbing fences, crossing the rio grand river to get to the u.s. while authorities are busting smugglers bringing in deadly drugs like fentanyl. pressure on congress to do something has reached a boiling point here in washington as the governors of texas, arizona, florida, continue to bus
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hundreds of migrants to blue cities and states. the biggest headliner, a short while ago the group sent by florida governor ron desantis to the luxurious martha's vineyard caught a lot of headlines. democrats are calling this a political stunt that is cruel and pathetic they say. senator dick durbin is calling for comprehensive immigration reform that would use the influx of migrants to offset the country's demand for workers. >> it can be done. we can make the border safe and have a system of legal entry into the united states to work, put these people on the book, have them pay taxes, make sure we done a background check. all of these things can be done. are they controversial? you bet. some of them are very controversial. we know we need to do it. reporter: neil, what the democratic whip hasn't explained to the reporters and the press exactly how he will get those 10 republican votes that democrats
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would need to pass anything through the senate but the pressure is on. everyone is watching this including the catholic community which is actually observing national, i believe migration week this week. neil? neil: where is this going, laura ries, heritage foundation border security director. laura, you heard the complaints from a lot of these mayors, these sanctuary cities mayors who don't really take kindly what think say is a political stunt on part of governor abbott, by extension they say governor desantis in florida, and arizona, is that a fair criticism? >> these mayors should absolutely be criticized. they put themselves out there to portray themselves as sanctuary cities, proud to have illegal aliens among their populations and yet when reality meets those words they quickly cave and
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complain. unfortunately they're directing their ire at the wrong party. they're trying to blame the southern borders who are simply overwell manied with the border crisis. they should direct their ire to president biden and the border crisis. neil: surprising much is made of these busloads have fon to the vice president's home, outside of her home, martha's vineyard, planes that governor desantis sent but not a boo all the times under the biden administration either i.c.e. or operatives have flown 10 times more than the numbers talking about here, often times in the middle of the night to all points all over the country. it does seem a little bit little bit of a double standard. >> absolutely. this is the elites versus the rest of america. the biden administration has been doing this all over the country, quietly, in the dark of night for over a year-and-a-half. but martha's vineyard within 48 hours really exposed that. and that is why that group of 50
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migrants, just five, zero, were removed so quickly from martha's vineyard because the mainstream media went up there, reported on it. it put the spotlight on what this administration is doing. this administration wants anything but attention on their smuggling so many illegal aliens into and around the country. neil: you used a very key, important term right there, laura, illegal aliens. these are not just run-of-the-mill migrants. these are illegal migrants. peel are trying to get into this country against the law, yet i heard this sort of conflated into immigrants, whether it is the new york city mayor talking about the fact we've been a nation open to immigrants. we have, we are, one 1/2 million legally get into this country each year, every year. where we draw the line on those who come in illegally. there is a process for this. that is not being honored but they're conflating the two. that is something you used to never happen. now it is as if they're all the
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same? >> that's right. that is intentional by the left. they are blurring the lines between legal and illegal. the u.s. continues to be the most generous country in the world when it comes to immigration. we need a lawful, orderly, manageable system. the left and this administration now labeling anyone who crosses the borderrism legally all as asylum-seekers. most of them are not even eligible for asylum. they are coming for economic purposes. the left continues to play word games. they continue to claim their policies are safe, orderly, humane. every statistic shows otherwise. whether the number of migrant deaths or the number of americans dying from fentanyl because so many fentanyl and other poison drugs are crossing the wide open border. neil: do you see any hope, laura, regardless of people's
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views, they get passionate, that illegals are being used as pawns on both sides but where this goes from here? first of all to deal with the problem you have to acknowledge a problem. what worries many of these you know, border sheriffs with whom i've been chatting there is no response to the surge on the border. they're on their own. no increase on the budget to deal with it. it has come out of texans pocket the most part. to see costs run up 800 million to north of 4 billion with this, going up the more. where do you see this going? >> yeah. i was just in arizona last week at the border and the sheriffs are doing the best that they can. one thing i think that was remarkable was the video and pictures that they are picking up from game cameras. you're not seeing this on tv. this is not the children and the women getting off the bus loads. these are military age men coming day and night dressed
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head to toe in camouflage carrying fullback packs. there is a national security threat for our country as well as public safety threat. the first thing congress needs to do is defund these operations by dhs and other involved agencies. then reimplement the policies that work to prevent illegal immigration in the first place, to secure that border. the left seems to be just in immigrating many people as possible to then argue for another mass amnesty. neil: all right, laura, thank you very, very much. lora ries following all of that. i do want to take your attention across the pond as we wrap up conclusion of events, now mostly family only events the remainder of the day, the 12th day on the final burial of queen elizabeth ii buried at st. george es a chapel with her mother, father, grandmother,
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grandfather, all the way to henry viii. she is buried next to her husband phillip, whose was uplifted and put next to her so they spend eternity together. britain has to get back to work starting tomorrow. this is the week we'll learn how britain will deal with runaway inflation, runaway energy prices that they will cap energy prices much like dutch government did today. how they pay for this is anybody's guess. for britains cruel reality of life as it is which economically is not friendly at all. stay with us.hi ♪. i'm so glad we did this. i'm so glad we did this.
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i'm so... ...glad we did this. ...
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