tv Cavuto Coast to Coast FOX Business October 5, 2022 12:00pm-1:00pm EDT
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stuart: i go wyoming. reveal, please. baby 581,000 people live in the state. california the most populated although they are now losing population. they have 39 million there. thanks, ash, thanks, mark, all good stuff. quick check of the market reveals a selloff continues. time's up for me, neil, sir, it is yours. neil: thank you very much, stuart. we're focused on florida today. obviously the president will be visiting the sunshine state to assess the hurricane damage there, but 149 miles north where he will be you are at cape canaveral, florida, where we're waiting the lawn of spacex crew dragon capsule. set to lift off from the kennedy space center in a few minutes this is interesting mission. this is six month stay on board for the space station and two american astronauts a japanese
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astronaut and russian cosmonaut. that is significant development itself. the russians hinted they wanted to ditch the international space station and pursue other ventures this could be a sign that is not the case right now. there was never any confirmation from russia was the case but again a cosmonaut on board the flight. let's listen in right now. this is an important mission. this is the sixth time spacex flying astronauts. >> five, four, three, two, one, ignition. engines full power and liftoff. go crew 5. >> stage one alpha. >> copy, one alpha. >> vehicle is pitching downrange >> stage one propulsion is nominal.
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and mico. >> stage two alpha. >> stage separation confirmed. copy two alpha. impact ignition. neil: what you're watching for those just tuning in is the launch of the dragon space capsule. that is elon musk's spacex capsule. this is the sixth such journey commissioning astronauts who will hook up with the international space station i believe about 5:00 p.m. later
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tonight. four astronauts on board, two americans, one japanese astronaut and a cosmonaut. first time we've been hauling a cosmonaut hitching a ride with us when we so often hitch rides with the russians. they will be up there as i say for six months but these images are startling. it launched pad 39-a, famous for so many historic, iconic launches, including that of apollo xi on july 16th, 1969. virtually all the space shuttle missions, joint venture between ourselves in 1975 between ourselves and then the then soviet union. there is a great deal of lore attached to that. we talk about elon musk all he runs and controls. now with him making a 180 on twitter, it is remarkable that with that and spacex and tesla, he is going to be a busy billionaire to put it mildly. he already contracted for eight
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additional flights, this will be handling or they will be handling. 43 in all have been launched under spacex of these falcon 9 flights. again the vast majority of those unmanned missions but they're going to pick up the pace with eight additional manneds contracted over the next few years. by the way this alone unprecedented many years ago, once something was launched from the pad no way you could see what was going on, until you got films after the mission flight and these are happening during the flight. these are live images, including release of the reusable booster. that is something unique to spacex and all of its ventures. leroy chiao joins us a former nasa astronaut, former international space station commander. so he is the real mccoy. leroy, i'm always amazed by these images.
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we used to not see this kind of stuff but we can easily now well into the flight. i don't know if that was possible during your days going into the international space station but, with every mission it gets more incredible. your thoughts? >> absolutely. it is really great to see these images in real time. looks like a perfect launch so far. back in my day, in fact, my mission was off of 39-a, my first mission was on the 25th anniversary of apollo 11 aboard space shuttle columbia. we were the first mission with cameras in the cockpit that recorded our ascent video, what was going on in the cockpit during launch. it was notdown linked live but it could have been. there was a philosophical decision on the part of nasa not todown link live images from the cabin during launch but the russians had been so for number of years. the technology is not that difficult, but the clarity of these images coming back from
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this launch is very striking. neil: leroy, i think of guys like you, brought the next wave of exploration to the international space station. you mentioned the russians all of that, there had been talk they wanted to abandon the iss and stop going there yet here is a cosmonaut who will be going along for the ride. i'm just wondering, maybe they're all bluster on this? this partnership is important, the russian's involvement in ukraine not withstanding. what do you make of that? >> absolutely it was all bluster from the beginning. frankly the russians have nothing else if they abandon the space station, they're making a conscious decision to walk away from their human spaceflight program. sure they can still launch cosmonauts into space aboard the soyuz spacecraft but where will they go? orbit the earth for a few days and come back down? it doesn't make any sense. they talk about building their own space station. they frankly can't, number one. we're carrying the bill for the
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iss as we always have been for the russians. number two, their infrastructure is not what it used to be. i don't know they could actually do it anymore. most of the people working during the heyday they have retired or passed on and the younger generation is not that interested frankly in russia. they rather try to make some money t has all been bluster from the beginning. neil: neil: leroy, i'm curious, we talk about the race for space and that a lot of people seem to think we're reliving that '60s era with the chinese are going to the moon. in fact the far side of the moon at that. russia is building up plans to go back there. we are of course, if and whether artemis ever gets up there, presumably from the same launchpad but your thoughts on that and this new space race or however you want to define it? >> well i think over the years politicians have wanted to generate this as a space race especially when china launched it is first national astronaut into space back in 2003 but it really is a different time.
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back in the apollo days it was looked at by everyone on both sides of the aisle and the general public as a race for survival against the soviet union. we don't have that kind of thing going on right now. yes, china made public their plans to land their own astronauts on the moon but they have been vague about the timing. of course we've been trying to do a deeper space exploration program for a number of years now, even since before i went into the program, all those years ago but i think the exciting thing going on right now is commercial space. you mentioned spacex. of course today is a spacex launch. their starship, nasa is using starship technology using spacex to help develop a lander. i think spacex may be the first one to get to the moon and to mars and hopefully in collaboration with nasa but today's space race i wouldn't say it is nearly anything like it was back in the '60s. neil: yeah, we should explain, starship is also a part of elon
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musk, space ex-operations there. a lot last been said he secured contract for at least eight manned flights that could extend another few years, so he has a prohibitive lead in this compared to other billionaires like richard branson, jeff bezos, i wonder is this the way it is going to be? it is obvious are state private enterprise hooked up with nasa taking us to new heights here quite literally but is that the way the world will be knew? >> i think it's a great model because frankly nasa is not the agency it used to be. as what happens with most if not all large organizations time goes by they get less bureaucratic and less efficient. nasa has been mo exception to that. nasa has a lot of technical know how and if we leverage that with the nimbleness of commercial companies like spaces x, that is the best of both worlds.
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we're seeing that with spacex delivering the promise to develop capability to launch astronauts to the iss, bring them back safely, with the future starship, hopefully a similar kind of collaboration. the commercial side to me is some of the most exciting stuff happening, will be happening in the next few years. neil: leroy, it is interesting, i know this spacex crew dragon by the means the four-person crew gets up to the international space station. i think it is difficult to take the existing crewmembers on the iss back home, so they have a taxi coming and going i guess, when you were there, and these guys will be there for at least six months, how was it? you know obviously they're testing man's ability to stay extended periods in space. that will be important for future lunar missions say nothing what they say is the eventually the goal to get to mars, how how did you endure that, without sounding cliche, pass the time doing all of that? >> sure. no, you know, we, of course you
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go into this knowing what you're getting into. i did take a couple of days to think about it. back then shuttle was still flying very regularly. six 1/2 month flight is a lot different than a two week flight. it is not for everyone. after i decided i wanted to do it you know start mentally preparing yourself. you talk to other people who have been there, the training, there is no specific training how to deal with that you just kind of get used to the idea, hey, i will be away for a while, basically living in a series of tin cans, that is okay. we're kept very busy. your schedule is planned down to the minute. fortunately we have a lot to do up there. otherwise you know, you might start going a little stir crazy if you don't have enough to do. neil: i hear you there. we're watching the second stage separation right here. this does seem to be going to clock work. they do have the reusable booster, might be a way to pare expenses going forward. it is still awfully expensive f we didn't have billionaires like elon musk doing this and
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jeff bezos doing this and richard branson doing this, would we be where we are today? >> we would not frankly because the incumbency we had, the united launch alliance, they're still in existence of course, a joint venture between boeing and lockheed martin, they had the monopoly on government launches including to the international space station and so you know, back in the shuttle days i mean. neil: right. >> so without disruptor like elon musk coming in, now he has brought the launch cost of a satellite say, not necessarily a crew flight but a satellite, instead of costing in the neighborhood of 1 bun, 150 million to launch a satellite, using reusable booster he is advertising prices closer to 35 million. dramatically brought the price down but still not low enough for you and me, right? four people aboard the vehicle, divide 35 million by four, still a pretty big number. neil: you're right, my friend. thank you, leroy. you're a very modest guy but i
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always heard it said about you your pulse rate would be incredibly low through the most high pressure situations. if that were mine it would read like a geiger counter, say bring cavuto back. that is the difference between leroy and my. thank you very much for your ventures into space. >> thank you. neil: we talk about spacex. it is a private company but elon musk accounts for half of it. i was getting a sense what it is worth, what is spacex worth? the last figure i got it is worth $100 billion. he owns half of it. now that is $50 billion. now he has to fork over $44 billion to redo, do a 180 on the twitter deal. he can easily afford it. most of his fortune of course is built and testla. even though that stock has tumbled from its highs, it is currency for some of these deals, suffice it to say if you're worried about the money he has to come up with twitter to make good on the 180 he just
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did, now wants to buy the company outright to avoid ongoing litigation, all the rest, he has got the dough for that. all right, these astronauts on the way, the russian cosmonaut, nicole mann of nasa, and the japanese astronaut who just said i cannot believe i'm going into space. so first timer, very excited about that opportunity. but what is so staggering about all of this, folks, i probably get a little ahead of myself, tip my bias toward the marvel of space travel we're picking up the pace extremely. i find it particularly inspiring today, with all the problems going on in florida after that horrific storm, we'll update you on that, president of the united states expected there very shortly, later this hour, that this is something that is well primed and going on and not interrupted, that is space journeys that made that state,
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its various launchpads, including today from 39-a iconic so many missions lately this one, and apollo xi and all the major flights and apollo soyuz, link-up with russians in the first place. they still do that, we still do that. trouble, and all mother nature and all, we still marvel. so do they. stay with us. you are watching fox business. ♪.
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neil: i wanted to get your thoughts on comments vice president harris meant. there are ways to rejigger her comments university wanted to quote exactly get your reaction to it. we have to address this in a way giving resources based on equity. some reed into those comments, secretary, that it is not even-stevens, some need the help more and should get more of that help? >> well, certainly everybody's case is different. i think you do need to help everybody based on their need. now if you're vacation home got damaged, that is probably having a different effect on your life than if you're only home got damaged. we got to make sure we're helping everybody based on the need that is there, that it is fair, that it is equitable.
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neil: all right. i just want to make clear weed didded that i don't like to do, i did for time purposes here. the gist of the transportation secretary pete buttigieg remarks all the vice president was saying, kamala harris on this issue we have to be aware of the fact that not everyone is affected equally in these storms but that they the administration is backing off from the insinuation they're maybe what that means that some get more help than others, that a vacation home destroyed might be different than someone's sole home getting destroyed as mr. buttigieg had pointed out that was not his intention. i didn't want to leave that with you anymore than the administration says it was their intention that aid will be coming. the president will be visiting today, shortly, expected in fort myers and that this is much ado about nothing. alexandria hoff is joining us from fort myers where the president will be meeting with also not only emergency officials on site but the governor as well. how do things look like there,
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alexandria? reporter: well there is a still a whole lot of activity, neil, and there is bound to be even more. we've seen a whole lot of cleanup crews but it would be hard to make a dent at this point. within the hour the president will land at southwest florida international airport. from there he will be taken by helicopter to fort myers. it is really in the air, getting that first-hand look at destruction, that is the most significant way to understand what the storm has done, what is has taken. so far 55 people in lee county alone, that is where we are have been killed because of this storm. some of this footage you're seeing shot from a black hawk helicopter, we went along with the national guard as they were dropping off relief items to islands like pine island, sanibel which remain inaccessible by land. governor desantis will meet, speaking with the president today said they are establishing mobile command centers on the isolated islands, along with a temporary bridge. given the situation, politics
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really have been put aside. governor desantis spoke of the cooperation between washington and the state. >> the white house through fema approved our pre-landfall declaration. so that was huge because everyone was full steam ahead. they knew they had the ability to do it and they have done category a and b we appreciate, i think fema worked very well with the state and local and we want to continue, continue to do it and have all hands on deck. reporter: so on the ground today the president and first lady will receive a briefing from federal, state, and local officials on the current recovery efforts. after that they will meet with residents, small business owners, first-responders before the president delivers remarks. he seeks to reaffirm his support to the people of florida. and you will see behind me there is some linemen working here doing incredible work at that. right now about 300,000 floridians are still without power. that is down from 2.5 million immediately following this storm.
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we're told in areas like this, that really have been the hardest hit it could take weeks, even months to get full power back, neil? neil: that is still substantial. we were over two million for a while without power. thank you, alexandria hoff. the president due there momentarily. eric arroyo with us, the mayor of sarasota, florida. mayor, always good to have you. how are things looking in your neck of the woods now? >> you know, we're having the same challenges everyone else is. we have power lines that are down. we have many people, thousands, we had hundreds of thousands of people without electricity. i'm also in fort myers now. the president called and wants to meet. so i will be meeting with him shortly and the governor i'm sure will be there. that is the situation we're in right now. we're just assessing the damage, surveying everything, seeing if we can offer all the resources to our residents to insure that they can, you know, they're ready to apply for fema funds,
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if they have a business, sba funds. if they are out of power they know where they can go to know an estimate when they will get their power back. neil: do we have any better estimate? i know it is down to 300,000 without power. i don't know where that sorts throughout the state, mayor but we're separately hearing that governor desantis wants to make sure temporary bridge, overpasses to the likes of pine island, sanibel, some temporary structures could be built. anything temporary looks like it would take a while and not be cheap. >> you know, i met with the ceo of the florida power and light and he agrees that undergrounding the power lines is the way to go for the future of florida. you know they perform 10 times better these underground power lines than those above-ground. in the city of sarasota we had 300 instances of power lines or of trees that had been dropped and we're dealing with that now.
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what the great thing in times like these, just like you said, it is not about partisanship. you know, we don't look left, we don't look right, we look forward. to try to prevent this from happening again. neil: mayor, sarasota is beautiful. you promoted commerce activity, travel there. a lot of people took you up on that. a lot of newcomers to florida. of course millions over the last few years drawn to your beautiful weather for the most part. low taxes, low crime but do you think, do you power that would change, people say oh, yeah, this is also a state that has to deal with this? >> you know, there are natural disasters everywhere you move and, but, no, florida is still the number one place to live in my opinion and sarasota, "u.s. news & world report" ranked sarasota the number one, the number one place to be in florida. so, i think they come here because of the low taxes, the very, very friendly business
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climate, the fact that we have some of the best beaches in the world, and just by virtue of the fact so many companies are coming over here we have industry. we have things being created. we have apps and tech and it is just an exciting time to be in florida. a lot of people want to be a part of that. and that is why we have such a great wave of people coming down here. i don't think it will go away. neil: all right. from your mouth. mayor, thank you very much. good luck with the president and the governor today. the bipartisan help here, leaving political battles aside, is something remarkable going on there, maybe post the katrina experience back in 2004-5, a sign of things to come, politicians leave a lot of regular grief vanses aside just trying to help people. that is concept. it seems toby playing out. we'll monitor the president when he arrives and the governor's
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remarks. we're told 105 are dead, almost half by drownings in the state. we'll explore that, and some lessons from that after this. also updating you on the battle for twitter. a big reversal on the part of the world's richest man has that stock, even with the slightdown tick today very close to the today, the price he was offering gosh, what, almost eight months ago? we're on that 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. so you can live your life. that's life well planned.
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♪. neil: all right, well it's not quite a done deal but it's looking like it's a done deal, and this 180 reversal i keep telling but the world's richest man who begged off and was actually ready to litigate the whole thing about buying twitter what would have been a 44 billion-dollar transaction, well it is back to being a 44 billion-dollar transaction. looks like he can avoid, you know, the whole court thing, the deposition thing, all the
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nastiness thing but it is not quite complete. a lot really hinges on still some other is dotted, and ts crossed. kelly o'grady keeping track of it all in los angeles. where are we on this? reporter: neil it kind of feels like "groundhog day," right? we've been here before with both sides saying they intend to move forward. they both agreed to it but thee are some hangups who will pay for legal fees, twitter wanting some more confirmation that elon musk will not walk away which you can't blame them but i also want to highlight the employee sentiment that's happening inside of twitter. there is a app blind, basically where a platform employees can con newsily share opinions about about the company, we're seeing things, cue the layoffs. this was particularly scathing. i want to show you employee wrote, angry triggered billionaire going to own us, looking for vending against, worst financial market in years, hiring freezes everywhere, q4 is
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looking great. pretty positive, right, neil? a musk's back and forth behavior throughout the take over is causing real concern he won't be committed to successfully rebuilding the platform. musk for his part didn't comment on the sudden nature of the switch, hinted future designs, buying twitter is an accelerant to creating x, the everything app. he went on to apply it accelerates x.com three to five years. beyond the philosophical challenges around free speech he faces i want to highlight he is grossly overpaying for this platform. $44 billion is more than an 8-x revenue multiple. he has investors to answer to, p.e. firms. this is not your typical investment profile for private equity. you factor in the employee frustration, i worked in post-merger environments, culture play as huge role whether an acquisition succeeds. neil, musk is successful with many other things. we saw the rocket ship take off. i wouldn't count him out yet but
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we haven't closed yet. neil: you know what is interesting though? still not quite at his offering price 54 and change, very close, closer than it has ever been. excuse me, i'm wondering what are we to make of that? we have a downdraft in technology stocks today after a runup what do you think? reporter: well it never, yesterday, when this all came outreached 54. so i think what that tells you is that the market is pricing in a little bit of skepticism. can you blame them, right? we've seen this back and forth so many times so i think until you see that announcement of hey, this is going to happen and we've made that specific performance clause even more ironclad, you're going to see a little bit of that hesitation in the stock price. neil: you know what i love about you covering the story, kelly, the background in whole m&a activity certainly comes in handy following this soap opera. thank you for that. kelly o'grady in los angeles. neil: let's get the read all of this, where this deal ultimately goes and whether elon musk is
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spread too thin if he takes over twitter and of course in control of spacex then there is that tesla thing of us, say nothing of a lot of artificial intelligence companies he is forming as we speak. ray wang, everybody wants to rule the world, which you could say the same of elon musk, susan li already rules the media world, she is here as well. neil: ray, let me ask you a little bit about whether he is spread thin, that you know, some of these folks at twitter who might think he will fire them, the bigger issue is he up to running them, what do you think? >> i don't think he is spread thin at all. he has a lot of great lieutenants in each of organizations, doing the manufacturing operations in the gigafactory, folks with spacex take them through to the launch, he has the band with for this. he has been passionate about the x app creating equivalent after wechat on twitter platform includes commerce, ability to do
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food delivery, serve as identity, do transactions in a way you wouldn't thought before, to play a role in identity and he has been big on that. do space communications to tie all three things together. he is big on that. he has the band with. he brings in great talent along the way. the twitter employees might be upset to things being changed. they will be ready. great people will get pulled in if the deal goes through. neil: i made it clear in the past that he doesn't suffer fools gradually, susan, he gets rid of them. he can be merciless in that respect and track record speaks for itself. maybe some of that is what twitter workers are fearing? stuart: if you're a twitter shareholder gets 52.40, seen 70% declines across social media stocks, meta, pinterest, i seen calculation this is is 300% plus premium so you're pretty happy. in terms of merger arbitragers, carl icahn went in to buy 30-dollar range betting that
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elon musk would be forced to buy twitter at 52.40. icahn making a 500 million-dollar bet. d.e. shaw, dan loeb at third point. look at merger arbitragers ones walking away happy, i think you look at some of those billionaires. neil: guys, we'll break away here. we just want to keep you updated on the markets right now. well down from their lows of the day, still down about 186 points. when you consider the fact we added 1600 points to the dow the last two days, the biggest sprint to a new quarter that we've seen since 1938, i don't believe that year-ended too well but i digress. for now this is a bit of a retreat but not nearly what you would think. we're on that after this.
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hi, i'm angela. i've lost 58 pounds with golo and i've kept it off. i suffer from autoimmune hypothyroid and i always thought it would be so difficult to lose weight, but with golo, it simply wasn't. ♪. neil: after gaining what, 1600 points in two days, the fastest start to a quarter since 1938, we have given back about 187
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points. i think i misstated, that year, 1938 did not end well. it actually did, we were up 28%. keep in mind the markets had essentially been cut in half over the previous few years, about, back and forth since 1929 crash but i digress. that particular year we did finish up 28%. so this cobe a harbinger of better things to come but there a lot of concerns. let's go to sheila bair, former assistant secretary of treasury financial institutions and federal deposit corporation. sheila, very good to have you back with us. >> nice to see you. thanks for having me. neil: we have ault the volatility back and forth. there were rumors over the weekend i'm sure you heard like another world bank, credit suisse came up having some financial problems with credit default swaps, all of that. you heard a lot of that stuff
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during the meltdown. how did you separate the reality from the frightening fiction? >> yeah. it's a good question and i think it's hard to know. it seems like credit suisse problems is primarily in their investment bank with complex derivative exposures they have. not a lot of transparency around that so -- we had the same problem you know. derivatives strike their, come back in their ugly ways again. so it is concerning you know, when a bank, market conditions like this, as they're restructuring, they will sell assets, they will raise capital, they must be in need if they do it in these market conditions. i think that bears very careful observation. i hope they don't have to get bailed out this will be a test of some postcrisis reforms whether we ended some of interconnectedness creates pressure to bailouts of large banks. i hope that is not where we end
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up with credit suisse but i think it bears watching. to be honest with you, i don't have a lot of confidence that we have reduced the systemic risk that are posed by these very large interconnected financial institutions. and -- neil: you're right to point out though it is a creative bunch these money guys. they find ways to package, or make money off something. i don't know enough about this, whether it applies here, whether we have something to worry about here, no matter how we try to rein in financial players, one, invariably grows to others as contagions build, not saying it will happen here but they find clever ways around it. >> yeah. i don't want to be alarmist either. i think at the end of the day probably the swiss national bank, swiss government will have to, if there is going to be systemic event they will have to step in again which is unfortunate because we're trying to end bailouts as part of our post financial crisis reforms globally. so i don't know what is going to happen but the complexity around
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the these products, yeah, the fancy financial engineering, who is left holding the bag, right? neil: right. >> [inaudible]. but there is a lot of complexity, even institutions like credit suisse do not always understand exactly the exposures they're taking on you end up with surprises. neil: we're always trying to test which institution is worth saving, which is not. the old too big to fail argument. lehman brothers was not deemed to big to fail and it did, aig, or any one of the big money center banks was and it didn't so i know how that goes but do you think that bigger capital reserves and requirements that banks have more cash on hand just in case has mitigated that somewhat? >> well i think, in the u.s. there has been, we have better capitalization in the u.s. than we do with european banks. the u.s. to its credit was much faster getting its banks to recapitalize. so i think in the u.s., yes,
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capital levels are much higher. whether they're high enough i don't know. one concern i have, i have written about this before, is that the fed's stress tests this year actually in their adverse economic scenarios, assuming recession, they did not test a rising interest rate environment. they assumed that interest rates went back to zero. i don't think that will happen this time. if we do have recession we'll have elevated interest rates. it is my guess. i think that stress area they need to look at. maybe they're doing quietly. they should do it publicly so we know they run the numbers. the interconnectedness outside the banking system right now, it collapses back in through counterparties or big clients, private equity, hedge funds, a lot of these asset managers not a lot of transparency again what kind of exposures they have. they're all customers of these large banks. so we won't know actual until things start, becoming stressed. one thing i think it is important to point out is in the
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past for instance in 2008, 2009, that crisis followed, the catalyst was rising interest rates but it was really the financial crisis, not the interest rates, but the financial crisis really hurt our economy as banks pulled back from providing credit. so this is one of the reason the supervisory side fed does, central banks every bit important as what they do with monetary policy they have to keep our financial system stable as it they continue to raise rates. neil: because you never know, right? history might not repeat itself but often times it sure does rhymes. sheila bair, great catching up with you, thank you very much. interesting insight on sheila's part we're not factoring in interest rates essentially doubling from what they had. we hope they're ready for that just in case. the dow down about 107 points. stay with us.
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aaron judge 62 home runs beating roger maris definitive record. matt napolitano and the guy who caught the ball what he does with that? >> neil, cory is probably one of the luckiest people on the planet managing to come away with the glorious 62 home run of the season courtesy aaron judge. able to snag it on the fly, it was a pretty good catch. he stands likely to make a lot of money. there is talk of it being worth two million dollars. there is two million dollar offer in place for auction house in california for historic piece of memorabilia, aaron judge passing roger maris for the single season home runs in the american league. some baseball purists it is major league record even though the record books say differently with the likes of barry bonds,
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mark maguire, sammy sosa out in front of aaron judge. neil: this guy is a texas rangers fan. what was the deal with him? others give it back to the player with these kind of things happen. but he didn't. like i said he is looking forward to a two million-dollar payday. maybe idea of free games, picture with judge wasn't enough to do it for him, what do you make of that? >> it varies by the person that catches the ball. you saw aaron judge hit 68 with a yankee stadium, 20 man got meet-and-greet, four signed balls one for each of hiss buddies he was satisfied with that. for the 62nd this guy is investment banker out in dallas, used to handling big finances. he wants to be on the other end of that this time around, to see what he can get for this ball. could be matter of negotiating with aaron judge to see what you can obtain or could be with an auction house. could be a ralph. done through inexpensive nft. so many options are at cory
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yeoman's disposal. as we saw last night he was chased down, getting ball authenticated. very smart thing to do, anytime you catch something that is a piece of history, get it authenticated inside of the stadium because the second you leave the stadium, no one is going to believe that ball came off of aaron judge's bat. could be a foul ball off somebody random in the 6th inning. neil: he probably did that last night, did he? >> he did. neil: you know for sure. i would have, matt been happy with all the nathan's hotdogs i could eat for the next 10 years. >> would you be willing to split that? that is great opportunity. we'll talk baseball with hotdogs. neil: throw it out there, my friend. thank you very much. matt napolitano, "fox news headlines 24/7" follows this so well. obviously for that young man, he has a nice payday coming to him. we'll have more after this. ♪
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