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tv   Cavuto Coast to Coast  FOX Business  September 22, 2022 12:00pm-1:00pm EDT

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full, but tomorrow is the first full day of fall, as they say in england autumn. before i leave i want to say this, yeah, don't forget to, pumpkin spice latte. don't forget to send in your "friday feedback." you can send in your fan friday videos. we always like to say this. it is your chance to be on tv. don't pass that up. our time is done. neil cavuto, take it away. neil: ashley, thank you very much for that. corner of wall and broad we have a sell-off again today on top of the selloff yesterday when we closed the day at the lows of the day. people don't generally like that investing longer term. longer term these days seems to be hundreds of points each day. we're on the bank ceos on capitol hill on the senate side. they are supposed to respond to questions but often times they don't get to say much, they are more like pinatas than anything else. chad pergram, what he is hearing
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from some of the biggest players on the planet. reporter: neil this is the second appearance by bankers in two days before congress. sinned yaw lummis concerned it as a flogging. there is concern about geopolitical events and markets. >> grappling with the war in ukraine, economic volatility, inflation, economic security and climate change and pandemic. shown what great companies with the size of scale of jpmorgan chase can do as a source of strength for the economy. reporter: senators accuse the banks suffering from a credibility crisis especially at a time of economic uncertainty. >> the biggest wall street banks have left the trust of the american people and a super regional banks get bigger and more complex they're starting to look more and more like wall street. reporter: the top republican on the committee, pat toomey questioned the social views of banks, for instance, paying for the abortions of employees in light of the dobbs ruling. questions about second amendment rights but also whether banks
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could face pressure from the fed to make so-called green investments, that could tip market forces against carbon and fossil fuels. dimon called the fed, the judge, jury and hang man. >> i worry that the fed's decision to join the network of central banks and supervisors grinding the financial system, ongoing development of these climate risk scenario analysis are a precursor to regulatory edicts or at least pressure to debank energy companies. reporter: they also faced questions about inflation, gop louisiana senator john kennedy joked that he did not like to brag about expensive places he has been. kennedy then talked about a recent visit to the grocery. neil? neil: well, that's for sure, chad, thank you very much, chad pergram, connell mcshane following other big headlines today, including job cuts accelerating a little bit here. what is going on? reporter: we wonder when the
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chairman of the fed comes out talking about the pain ahead when he fights inflation. will the job cuts be looming, as we look headlines this week, not only some are looming some are being announced. give you two examples, they are are others, facebook planning to cut expenses 10% in the coming months. if you look inside of that. it will include job cuts and "wall street journal" reporting on this story, said you might not see a formal round of layoffs, when you talk about, departments being reorg reorganized that kind of thing that is reduction in staff. fewer jobs and job cuts. retail another place we saw with gap eliminating 500 corporate jobs, laying staff off and just getting rid of positions that are open across a number of departments which seems like a notable, kind of development in off itself because we've been talking for a long time, kind of wondering what would happen to some of these jobs companies are having trouble filling. they have been posting, can't
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find anybody for it. in this case with gap, the headline will say they will get by without them. they won't have them posted anymore. they will not fill the position. we'll see if we see more of that. the other sign of the time plane tickets getting more expensive, largely it seems the financial position of the airlines are in, trying to increase their profit a bit, the head of international airline association did an interview about this. it is interesting that the qatar airlines ceo that the move yesterday in the headlines from russia calling up reservists could also contribute to higher airline ticket prices, suppose also give the airlines at least something to pin it on. either way airline prices going up is another big story. the other thing, fedex, 151, watch for fedex earnings, the company of course was in the spotlight last week with the announcement that the economy is really hurting its business. that was, you know, just a sales warning but that is what it was. this is the whole earnings report so maybe we get a little
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more commentary how fedex sees the world which is obviously very important given all it is involved in. we'll look for that one as well. neil. >> connell, i meant to tell you last time on the show i was getting email on you, one particular viewer, i think pardon my eyesight here, linda. reporter: right. neil: connell seems like such a solid decent human being but he has known of the qualities you do, words about me, me, me. reporter: right. neil: please let connell know how much we love and respect him. anyway this woman hates your guts. i thought i would pass that along. reporter: make my day. neil: sort of said by comparison, we know -- reporter: sure, thank you, linda. neil: tell your wife to quit writing. wanted to share that with you, connell, let you know that you are a dead man to me. we got other development. that is real email by the way. i want to get a sense of the markets where they're going now.
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hearing so much back and forth, connell outlined it here. we might see first signs of impact of higher rates. not necessarily bringing inflation down but job layoffs up, should we worry. luke lloyd joins us and dave maney as well, expert press ceo. luke, what we're looking at here, and connell outlined it, this is now not being sort of isolated events where you see gap laying off a few hundred folks then you hear about companies not hiring as much holiday season help as they had last year, where do you think this is going? >> did you see elizabeth warren's twitter post i think it was yesterday? i mean elizabeth warren's already pointing fingers at the federal reserve for rising unemployment rate we're going to see over the next year but the same old blame game cycle. politicians blame the fed. the fed will blame politicians when in reality both politicians
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and the federal reserve both that got us into this mess. if they stopped interfering in the free markets, stop pushing narratives that would be in the best interests for the majority of americans and majority of the world. going forward, the two factors from the economy, getting stable growth in economy reliant on the job market and inflation, those two variables, right? until inflation goes back down below 4% we won't see normalcy in the markets. the kicker, the key, what unemployment rate is attached to that 4% level of inflation? is it 4%, 5%, 6%, 7%? if we get inflation down below 7% maintaining unemployment i find that unlikely. the most likely scenario a pretty high rate of unemployment, 5%, 6% unemployment. the fed trades one failing mandate for another. what will they do? probably become more accommodative at that point.
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you want to buy the stock market to get in equities. neil: i don't know how soon they get to be accommodative. doesn't look anytime soon. i could be wrong. >> not anytime soon at all. neil: dave, that gets to you, how long you see this dragging on here because you could argue as of yet if all of these rate increases we've seen and by the end of the year that overnight bank lending rate essentially quadrupling from what it was last year at this time, then you got to say they could overdo it. in other words, they, if they're waiting to see the first signs of inflation easing by the time we see those signs they have done a lot of damage? >> yeah, they could very well. i will tell you something else, neil, i have laid off one person ever or separated one person ever over zoom. neil: wow. >> out of necessity during the pandemic and i will tell you something, it is way easier to fire people remotely when
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they're not in your office. and so this wake of layoffs, there are factors at work here that nobody understands and one of them is this whole remote work thing. when you see the facebook nice show up, hey we'll have a big round of layoffs, remember facebook are the guys who are rebelling against coming back to the office. it is way easier to make the kind of adjustments and cuts at the company side than it was before and they could come a lot faster and outrun, outrun the intent of the fed. neil: it also will have a direct effect on so-called quiet quitting, right? i'm wondering, luke what you make of that? i don't think it was coincidental a couple weeks ago goldman sachs was announcing layoffs. you know, not markedly high few hundred people in the scheme of a operation like that, relatively small number but at the same time they're talking about you know, this environment where people have to get back to
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the office? >> no i think that's a great point. that is something you definitely have to take a look at. you have to remember the economy was fueled by debt for 13 years straight, right? it was fueled by 0% essentially interest rates and trillions of dollars printed from the fiscal side, businesses were much willing to take on risk over the past 13 years. not as willing to take on risk now. you see this quiet quits. you see people leaving job, going to another job, getting paid more that will come to an end soon as job openings come to a close, people in the economy kind of resets. that is what we need in this environment is the economy to reset. we can't live off of debt forever. we can't continue to pump trillions of dollars into the economy. the positive side of this is that after a year or two down the road we can finally let the free markets work efficiently again. that will provide some stable long-term growth. the thing is, when everything is kind of artificial like it has been over the past 13 years, you can't have stable long-term growth. it is really over the next two years, is the government going
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to continue to be as involved influencing business decisions, and influencing the economy? if the government isn't as involved in next couple years, i hope is the case we'll be set of on a good path going forward but knowing history the government probably continues to be involved. neil: i know something about the laissez-faire markets, they like the government doing what they want to do, anything that helps them out, they would probably prefer the fed to pivot, not pivot. this might be a good thing to get inflation under control it can wreak havoc down the road. i don't know what the markets really want. what do you think, dave? what will make them happy? >> oh, i think just less what feels like uncertainty. i mean we're in an era when we got you know, russian dictators threatening nuclear war. that didn't happen that often when i was a kid. neil: that is a bit of a debbie-downer, yeah, you're right. >> you know, there is a lot
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going on and my guess is, that, that you know, what once we see how, how layoffs work in a remote work economy and once we see how the ukraine thing plays out, once we see kind of if the fed is you know, sensitive over running targets, maybe it will take a couple of months or several months, neil, before, before everybody kind of realizes what a new normal is? neil: i hear you. just getting idea what normal anything is tough these days. gentlemen, thank you both, very, very much. we are eight days away from a possible government shut down. with the fiscal year of september 30th, all bets are off. few people seem to think that it is going to happen. why would they risk that in midterm election year, let alone any year. it is on the table. it is very possible unless something happens and soon. will it, after this?
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first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. ♪. neil: you know i like to joke with our aishah hasnie until she
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joined us, it was a great lucky she did, we didn't have any crises in washington, didn't have think shutdowns, everyone got along, it was peaceful. she gets hired, here we go again. reporter: that doesn't sound right, neil. neil: no, it wasn't. it was needless cheap shot. all of sudden we have the idea of government shutting down, seems always unthinkable, now it is possibly thinkable. where are we? reporter: let's talk about the government shutdown and how it relates to border security, because, neil, i got to tell you, border security just in the last week or so has really become a huge, not only a midterm issue but also an issue that could be a part of whether or not we see the government being funded or not. i want to read you the tweet from kevin mccarthy, house minority leader, he tweeted this just this week if biden and democrats don't use the government funding bill to address the border crisis immediately, i'm voting no on this bill and i urge my
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colleagues to do the same. so the standoff, pretty tense right now, neil, but there may be actually a bigger standoff looming in three months if the gop flips the house. mccarthy just presented today his commitment to america agenda to the house gop conference. he was joined by former speaker newt gingrich and kellyanne conway, former senior advisor to the former president and one of the biggest items, neil, in mccarthy's plan is about securing the border. the gop plans to end catch-and-release, reintate remain in mexico policy, finish the border wall. i caught up with former speaker gingrich to get his thoughts whether mccarthy's plan will be enough for the gop's chances this fall? is its going to be enough for one republicans to take back the house or increase the margin they lost over the summer? >> the odds are stronger than three weeks ago. i have not seen a single analysts, even dopeyest
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suggested that the democrats will be majority after this. reporter: you heard it hear first. the democrats are having to confront the border issue because of all the migrants bussed to sanctuary cities as blue states, they are already pushing back on mccarthy's plan. >> anyone really take the house republican conference seriously in terms of ideas at this point in time? it is all phony, fake, and fraudulent. they have not put forward a single legitimate idea over the last 20 months or so. i'm not concerned with anything that they're going to present over the next few days because the american people will see through it clearly. reporter: mccarthy will announce his commitment to america agenda tomorrow in pittsburgh. neil. neil: i love that line of gingrich, even the dopeyest ones
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that is classic. "realclearpolitics" white house reporter. i don't know where this goes, phil. i do know people dismiss the possibility of the government shutting down are surprised when in the end the government shuts down even in an election year. what are the odds of that? neil: i think it is certainly possible because, look, republicans are going to say this gives them something to go back to voters and campaign on but i think if you look a little closer behind the scenes the strategic considerations here are very interesting. remember the last time mccarthy tried to become speaker? who stepped him? it was house freedom caucus. why? because they didn't think he was sufficiently conservative. this time around that threat from his flank is no longer a consideration because he is joined arms with them. meanwhile though, after mccarthy put out that tweet we haven't heard anything from senate minority leader
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mcconnell whether there should be a clean cr or appropriations during the lame duck period. i think that is interesting because you know, if you go to the fiscal cliff, you know, back in 2012 who stepped in the at the last moment to broker a deal, then minority leader mcconnell and vice president bide. as the president often says, history has a habit of rhyming. neil: i had forgotten about this phil, you're quite right. each side weighs the political calculations to your point. maybe republicans are saying border issue is resonating, even those who might be criticizing republican governors for all the buses and the planes that go to martha's vineyard it is putting it on the radar now for a lot of americans. so they feel this is worth the fight, maybe for their base but of course that all blows up if we shut down the government, right? >> because do we think that president biden is going to give in to the considerations ever you know, the minority party in congress, or in the senate? i think the odds are very
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unlikely on that point. he would have to make a major concession before the election. so, there is obviously a lot of posturing here but you're absolutely right, republicans, they see what is going on cable news. they see how the white house has had to respond to desantis. they have gone to our republicans to make the rebuttal, not the other way around. clearly the gop sees this as a winning issue. maybe if they can brand a spending fight in the border security category that maybe you know, voters reward them for it. neil: what's the latest on the tracking, how the midterms look now less than seven weeks to go, phil? consensus, always dangerous as you often remind me is that they do take back the house, maybe not by the numbers they had hoped some weeks back, but the senate, that's tough? >> well if we take a closer look at the generic ballot what we
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see is that democrats have sort of closed the gap with republicans and the reason why is that this polling is being done post-dobbs, after the inflation reduction act has been passed into law, as gas prices have comb down a little bit. that has increased biden's approval rating and rising tide raises all ships, right? so i think that why there is some parity in the generic ballot. that said, if you look at some of the big swings, you know, 2010, or 2014 republicans were trailing up until around labor day in the generic ballot and then they made that up to take big gains. in 2018 though when it was democrats who had gains in the congress, they kept their momentum throughout that period, throughout the summer and then up to election day. so the question now can republicans, can they find another gear? maybe the border security
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argument is what pushes them to the next level. neil: it is always in the last couple of weeks. i can distinctly remember showing my age, phil, in 1994 republicans were expected to pick up a couple dozen seats. they picked up more than 50 in the final swing. so you never know. but we'll see. thank you. >> thank you. i mean i don't remember that election but i will take your word for it [laughter] neil: rub it in, young man. phil wegmann in washington, d.c. on that. you will have to take my word on that. it ended up being more of a landslide than polls were indicating just like this might be hard to believe when ronald reagan and jimmy carter were going at it in 1980, 1976, 1980, i apologize, the consensus was it was too close to call going into that final weekend. of course we know what happened t was a blowout for ronald reagan. so you can have these last minute swings. we have a lot more coming up here, including the real estate market we're told is hiccupping right now. please explain to me how it is
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in the tony hamptons, a trailer on the market, a trailer, i kid you not, better than $1.1 million, after this. ♪. (fisher investments) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our client's portfolios for their long-term goals. (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money, only when your clients make more money? (fisher investments) yep. we do better when our clients do better. at fisher investments, we're clearly different.
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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: who buys that? >> there is a lot more people can afford it than you think. only been on market a couple days ago. we had a really busy week with it already. shows started on monday. people flying in -- neil: people you show it to? >> always. if you don't know who you are you have to show proof of funds. it is almost 18,000 square feet in the area. neil: three floors. >> three floors. you're in a building with the
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most luxuries russ amenities i have ever seen. two swimming pools. a 100-foot private club. a reason people are paying that type of money. neil: realtor extraordinaire rye hand sirhan was talking about, three floor penthouse put on the market in new york city, not far from where i sit right now for $250 million. i'm trying to think what ryan's take would be on that, if he sells it. it is about 12 1/2 million dollars, but who is counting. he sold a property in miami north of $106 million. that would be about five million, six million dollars. who is counting? this sort of reminds you the whole real estate arena isn't what it appears to be. maybe it is bifurcated. the rich are very different, what have you, but we are seeing some interesting signs elsewhere as well. maybe not $250 million. maybe like a million dollars. for a trailer, essentially, for
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mobile home in the hamptons and right now it is fetching a great deal of interest. let's get the latest from gerri willis. reporter: hi, neil, i can confirm the rich are very different, i will tell you that before i start but the question today, a classic sign of a market top or trailer trash? a single wide, 600 square foot trailer in the hamptons, that is the hoyt tow toity vacation haven for new yorkers, is on the market as you say for $1.1 million. check it out here, two bedroom, one-bath trailer in montauk, a super popular area, a surfer's paradise is feet away from the atlantic ocean in montauk. the listing for this ocean front living for surfing, beach going, fishing enthusiasts by the way, it describes the home as a beach cottage. here is the rub. this is probably not just a pandemic phenom. details the unit was built in 1975. previously listed for rent at
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$15,000 a month. and the area has attracted big-name deep pocketed buyers and renters like jimmy buffet, site vitamin water founder and dan loeb f you're a billionaire, one million plus for a single wide may not seem extreme. in the past year 10 mobile homes sold between $675,000 and 1.4 million. bottom line? trailers are hip for rich people and nowhere like the hamptons for my money though, neil, if i'm paying a million dollars for a place it better half its own bathroom. neil: you're in a pricey neck of the woods, right? reporter: i guess so. neil: location, location, location. gerri, thank you very much. suzanne miller joins us right now, love getting her read on things because she is expert on things new york, empire state properties founder and president. suzanne we were chatting during the break. this might be a steal as well,
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right? >> certainly shows that new york is not done having any problems as people are saying. if you think, take 600 square feet in the hamptons similar to new york city, right? 600 square foot apartment in one of these buildings, two bedrooms, one bath, expenses are low. it's a condo you own it. i actually don't think it is so bad. neil: 1/250 cost of the triplex. it has two pools. >> you get to be by the beach. neil: people say if that isn't froth we don't know what is. if that isn't the top of a market we don't know what is, what do you say? >> i think it is an indication what is happening right now. i think for million two for 600 square feet, if you put it on the ocean in montauk, i'm not shocked. it is a pretty good deal. neil: hamptons this past summer, even with the backup in rates going on rentals were booked well in advance, stayed book.
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they're book already for next summer. >> exactly. as new york used to be pier people wanting to come a little bit to new york you appreciate new york, you appreciate the hamptons. neil: that term, i found it for year. i thought it was a bakery term. it's a small apartment. got it. let's talk a little bit about real estate what you notice going on in new york, you and i were talking about, the traffic is back, crowds are back in office buildings, at least half the workers are back. so what do you make of what is going on? >> i think again the rentals are very busy, they're robust. which is an indication of hybrid work and people are back. the city seems fuller to me. i was on the subway for the first time. it teams -- >> what about the crime part? that was a big issue? >> the crime shows itself a lot more vivid when there is not a lot of people. now there is more people here. so it has to be under control i agree. neil: right. >> i think i don't feel it as much. i think that people are coming
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here more so they have to work now, we are really busy. neil: yeah. if i had a dime for every time the city had a hard knock, the financial meltdown, right after 9/11, said already it will be a winter in new york for as long and far as the eye can see, it never happens. maybe takes a little while, but it comes bouncing back. is this now officially bouncing back? >> i think i would never bet against new york. we're resilient. i think that new york is showing again to be one of the best, all the metropolitan cities are doing very well. because employment is high. people are back to work. neil: a lot of people worry it won't be as high. the more rates go up. we're seeing, you know a smattering of layoffs going on, that could happen here too, what do you think? >> i think that right now with the, as it is today, with the we still have the tech companies coming to new york. neil: yeah. >> they're taking all of these apartments. they're renting. people will soon, i think that by spring, summer, people will jump into the sales market.
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it is, people do not like uncertainty. neil: right. it is a little higher. >> it is a little uncertain right now so people are renting. come spring, summer i think it will pick up quite a bit. neil: rents have gone up obscenely, right? it's a faustian choice whether you want to rent or buy, but both are strong. does one give out before the other? >> the cycle is, rents go up, sales slow down. average rent for a one bedroom is $4500 in new york city. so with the rents, people pay that kind of rent pretty soon as i say? around the summertime, say for this kind of a rent i might as well jump in and buy. neil: i think 3800 was the average little more than a year ago. quickly, do you worry about a housing crash, you hear that a lot in hot markets? that there will be a crash, comeuppance. >> everybody says interest rates, interest rates, interest rates. when i bought my first place in the late '80s paid 17%.
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neil: i paid 13 1/2. >> you did better. average according to freddie mac in the last 50 years is 7%. that doesn't really concern me very much. interest rates, i would rather bought at 2 1/2%. >> i hear you. >> i still think 7%, this is not the 2008. the banks were much more careful about who they gave loans to. so we're not going to see people walk away from their apartments because they have equity in them right now. neil: yeah. >> they don't want to walk away. they're not really lowering the price, which is increasing the volume of apartments on the market but it's not decreasing the sales price yet. neil: yeah, i don't see to your point, any giddiness, craziness, giving mortgages to people with you know, no documentation. >> foreclosures. i check all the time. neil: i bet you do. i bet you do. thank you very much, suzanne miller keep as very good eye what is going on in new york. sometimes new york can be a trendsetter for the rest of the
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country. let's go to kelly o'grady. we were talking a little bit about price pressures and everything else on to that big deal that would avoid 115,000 rail workers going on strike. we thought it was a done deal. might not be a done deal. what are you hearing, kelly? what's the latest? reporter: good to see you, neil. yeah, i mean that major strike looked like it would be averted but it does still have to pass the union vote. voting actually kicked off today. counting is expected to last until mid-october. we don't have the text of the deal. that wasn't released publicly but sources are telling us they're optimistic it is going to pass but they are watching those votes closely because the two unions that were holding out prior to the extension of this cooling-off period are the largest. we're told they will be the deciding factor whether this gets the necessary votes. we're hearing some union members are frustrated by the lack of paid sick days. one union already rejected a previous proposal that was similar. we got a look at a letter that particular union sent to their members this week t implies they
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may be looking to negotiate further before voting yes. i want to share a quote with you i thought was particularly telling. says quote, many are asking why we extended our cooling-off period. the answer lies in change for new tentative treatment that meets the need of our members. our extension we're able to address our particular issues. that is important point to remember. any economic standpoint, break down would wreak havoc. roughly a third of freight travels by rail. grocery shortages, 75% of new cars are shipped via train. a recent estimate predict as shutdown could cost $2 billion a day, completely snarl the supply chain before the holidays. unions, they're focusing coming more out of the pandemic on those quality of life points. of course this vote is important for many reasons but also could impact negotiations that we're seeing in other industries. neil: that is the trendsetter. that is the fear or the hope. we'll see how it all goes. thank you very much for that
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kelly o'grady in los angeles. meantime here protests in russia. you don't hear that very often but better than 1300 protesters were arrested. we don't know where they went after that. we know they were taken off the streets and disappeared. and all because of the war in ukraine and all because vladmir putin is digging in. he is looking to hire, get out there 300,000 more reserveists on top of 137,000 more soldiers. he is doubling down. the protesters don't like it. he doesn't like them protesting. more after this. ♪.
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vladmir putin is called up right now better than 12, i should say, better than 300,000 reservists on top of 137,000 soldiers not all at once, to make their way to ukraine, a lot of people are saying it is getting pretty scary. they're making their views known. the protesters who obviously get arrested in the process. then of course those who want to leave the country, preferably for other countries that don't require visas so they can do that asap. kirk lippold, not surprising, former uss commander. they want to get out, i understand why, they want to get out while the getting is good, but not everyone can. is he, vladmir putin losing support back home? >> neil, i'm not sure he ever really had support because he has been disingenuous and lied to the majority of the russian people. they really don't know what's going on because he manipulated the news in order to shape their
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perception why they're in the fight to begin with, which is a lie. then he continued to meddle in the affairs of the press so he can continue to shape what they think, how they think, and their perception. the reality is, in the information domain today the russian people are finding out what is going on. they're learning what putin is telling them isn't true. otherwise you wouldn't have the protests, you wouldn't have these people leaving and you wouldn't have some high-ranking oligarchs and others mysteriously dying. neil: i'm wondering, that could do it for them, not what ukrainian troops do in ukraine but how russians respond back at home, and if he looses that support or get more evidence of soldiers returning in body bags, to say nothing of just the continuing effect of this war on average russians, banks that are shut down, food, hard to get. when you do get it you're paying through the nose for it, there
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is a breaking point, is there not? >> it is. but, you have to remember, putin is the dictator in an authoritarian regime. he will use every instrument of power available to him to maintain that power. he has already shown a willingness to violate international law. he does not care about human rights. he does not care about his people and he is demonstrating it with these arrests. so you have to remember, when you're dealing with someone that has no moral component as part of their decision-making process he will be ruthless in how he continues to hang on to power. and that is what makes him dangerous, not only outside of to other countries around russia, but more importantly within russia itself. it is a nuclear-armed nation. while he made these threats, don't think he will cross the threshold. by the same token i don't think you will ever see putin peacefully put up with a
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transfer of power. neil: we'll watch closely. kirk lippold, former uss cole commander, thank you very much. meantime the dow down 43 points. when we come back, tom brady you heard about some of his marriage woes here, now requests for days off should or shouldn't be coming. that he is getting special treatment. that he is or isn't deserving of after this. ♪.
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>> tom, tell me about what is going on wednesdays? wednesdays a day offer for you? >> the fact that i work weekends for 23 years i deserve one day off a week. i don't know if it is wednesdays but i get tuesdays off. that is probably good enough for me. neil: by the way, for tom brady the football season is 16 weeks long? you don't work every day, all those days. and apparently this must have reverb rate offed with him. he reversed course, practiced on a wednesday. so yesterday practiced even though he said he would take the day off.
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so maybe the pressure is out there and people are just saying all right, whatever family issues you need to deal with on the time schedule you got. doug eldridge on this. pr extraordinary. what do you make of the reversal, was going to take the day off, make it regular thing, not taking the day off now, maybe it isn't a regular thing what is going on? >> you know tom brady first of all out of the gate is the best ever to do it. gronk retired. so he doesn't have the favorite retire for his entire career. mike evans was suspended defending a brady after a fight. buccaneers lead the league in drops. going up against the packers, will. that is why he is the greatest of all time. neil: he might be. cry me a river what he is doing. a lot of people are dealing with
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these kind of issues at home. he wants special treatment, i get it, he is great all that stuff i take nothing away from him but does he get special dispensation that other players don't? >> he might. and for a couple of reasons. number one -- neil: you say he might. he is getting special dispensation. >> well, i tell you this, a couple of years ago when historic 28-3 come back super bowl win uncovered brady reclusive from the media, his mother was battling cans cancer. apparently marriage on the rocks. i went through a divorce. i wouldn't wish the latter on my worst enemy. if he has the opportunity to do his work, take care of his children, give the marriage attention it needs and encourage him to do so credit the bucs enable him to do that. i backstop that anybody can stack their book much business, therapy record, hair reputation to guarranty -- is brady. nobody works harder, nobody has
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more wins and records to substantiate it. i certainly support him on and off the field. one thing nobody can defeat, neil, mother nature and father time because they are absolutely undefeated. in brady's case he is 45 years old. he is three months to the day older than i am. that age each week is like a compounding interest. it stacks up. neil: wait a minute. fox alert here. you're 45? >> yeah. couple of months away, yes, sir. neil: i have ties older than you. so just be quiet. let me get your take a lot of people, i know the drama around it, i know apparently gisele was ticked off when he, you know, unretired, i get that. but this has been dragging on a while right now. clearly hasn't affected his play. you know, tampa great start to the season here. where do you see all of this going? >> well, if there is anybody that is poised to balance this who knows. i wouldn't push my chips on the table in terms of his personal
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life. in terms of where the team is, when you look historically what brady has done he has done more with less, in terms he never had the all-star roster of players but for guys like rob gronkowski, first ballot hall-of-famers. he done it with a squad of unknowns. it is not apple dumpling gains with all the receivers dropped. brady has been punishing microsoft tablets on the sidelines. i have no comment on off field give my sympathy, empathy. heck of a game on fox with the packers and buccaneers. it will have huge implication who has home field advantage in the playoffs. nobody wants to play on the frozen tuned in green bay. at least go to which is. i would not make that strip. neil: you put up a lot of grief. that is what we do.th morean after this.
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