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tv   Cavuto Coast to Coast  FOX Business  October 6, 2022 12:00pm-1:00pm EDT

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they put it up before i had a chance. they have 20 number one songs in eight years. how about that? we played most of them on this show too. there you go. penny lane. remember that one? i was in east africa when that thing came out. i remember singing it. thanks, ashe, great show today. my time is up. i have five seconds before i hand it over to neil. three, two. neil, it is yours. neil: there was own four beatles but one elvis. doesn't elvis -- stuart: what generation. sound like my teenage grand child. neil: fine, stuart, thank you very much. we have a bit of a selloff going on again today. oil prices ticked up a little later when we had word from the white house there is nothing to these resumes more we're asking venezuela to pump more oil of the that we'll do all sorts of things to help them out to do that. just the notion that extra supply that the markets might
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have been planning on, might not appear, you know, obviously gets oil prices lifting up a little again. edward lawrence is following all of this from the white house. what is it on this, edward? is it a go talking to venezuela or not? >> we heard conflicting stories. the president said on the way out of the white house that everything is on the table when it comes to venezuela. so the u.s. possibly dangling easing sanctions in venezuela to get chevron in in order to pump more oil out of that country. we don't even recognize the government in that country. now an nsc spokesperson tells us this, quote, as we previously made clear we will review all our sanction policies in response to constructive steps by the maduro regime to restore democracy in venezuela and relief the suffering of the venezuelan people. the u.s. in talks with iran, if there is nuclear deal, selling iranian oil would be part of that. on opec behind the scenes administration officials are fuming at the white house that production cut was a huge public
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slap in the face. here is how opec plus defended that decision. listen. >> we care about the consuming nations and what we are doing is to insure we have more oil coming into the market for years to come. it is not a short-term thing. reporter: so here we are the strategic petroleum reserve at the lowest level in 38 years. last time it was this low, when doves cry by prince was number one song. in your interview with john kirby no shift in energy policy from the president. >> the future is the clean energy. there is a lot of money advancing to that sector. even a left energy companies tell you that is their future as well. we need to get clean energy environment. that will take some time. reporter: kirby is saying americans feel pain in this his transition or this transition. republican senator bill hagerty says that the white house should
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not force the economic pain to americans. >> their eyes are on the november elections. they're trying to get gas prices down. that is what this is about. they rather deal with international killers than work request american drillers at home. the answer is so obvious right here. reporter: senior administration official telling me today they will reassess more releases from that strath strategic petroleum reserve after the last 10 million barrels goes out next month from the previously announced 180 million barrels. neil. >> you are the first business reporter to tie in the rock star prince with oil prices and furthermore, in citing ""when doves cry"" i think you were trying to say when drivers cry. that is brilliant young man. >> it should be the substance formerly known as oil, right. neil: oh, wow. he gets better and better. here i was focusing on elvis presley saying we're all shook up.
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uh-huh. thank you very much. i can't keep up with edward. that was great. edward lawrence. hard to keep up with hillary vaughn but she is following a lot of democrats urging the president to move very quickly not on the oil crisis, i think talking on the climate emergency. can you explain? what is going on? reporter: some would say this is tone deaf for senate progressive democrats to call for a climate emergency when americans are dealing with crazy high gas prices but it is right on target can with what the white house is hoping for when they called the opec announcement yesterday, reminder why it is so critical that the u.s. reduce its reliance on foreign sources fossil fuels and continue the clean energy transition. now a group of senate progressive democrats are acting the president to act now on climate calling it emergency saying this, we will only achieve these targets if you build up momentum of inflation redaction act with strong executive action.
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we urge you taking important next step declaring the climate emergency. the oil and gas industry said the clean environment regulation inside the inflation reduction act will make gas go even higher. >> the inflation reduction acts locks in energy inflation because it included all kinds of new taxes, fees, increases in costs on american oil and gas production. reporter: a climate emergency on top of the inflation reduction act? the president of the u.s. oil and gas association tells me would be a nightmare saying this, quote, a climate emergency declaration would grant the biden administration expansive new regulatory powers over the activities of every american business and family. none of us are clamoring for another emergency. but, neil, look at polls, the top issue right now for a lot of people is inflation. i'm sure they feel like that is more of an emergency right now than the climate. neil? neil: wild timing. hillary vaughn, thank you very
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much. we want to get kevin brady's thoughts, texas congressman, house ways and means committee ranking member. he was behind the inspiration of big tax cuts that the republicans hope to take another stab if they take over in the house. hoping to do the same in the senate. great to see you. i always love when we show your house and the backdrop. it is not a disney back drop. it is actually your home. >> it is our house. neil: so beautiful, norman rockwellian. i love it. get your take, something you do not love, these reports that we could be talking to venezuela to replace some of the oil that opec and opec plus countries have taken away. they say that is not going on. there are no active negotiations going on. not clearly refuting it but what do you make of it? >> so i suspect there are those negotiations going on. it is frustrate straighting. one, like you i don't want to see opec cut production but this is pretty predictable.
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joe biden's green new deal policies and his low standing i think among countries in the world. it is just frustrating with president biden's thinking, american energy workers in the gulf coast are the enemy but potentially dictator like maduro who is criticized killing and torturing his political enemies could everybody an ally, the president has got everything backwards. at the end of the day our families and workers pay a deep price for it. neil: i wonder if it is bigger than that. i don't want to have sinister motivations for things but the white house talking about there is plenty of oil production, leases permit for the industry to take advantage of but this comes from the same white house that has been talking about a shift away from fossil fuels for some time, quoting john kerry here, the administration's climate envoy, energy security worry is driving a lot of thoughts that now we need more
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drilling of gas, we need more drilling of oil, we need more coal. he goes on to say, no, we don't. we absolutely don't. again i'm not as smart as you are, congressman but i would answer that i think we do. so are they saying one thing and actually really at their core preaching another? >> so i'm hopeful i will being neil cavuto when i grow up in intelligence and everything else. neil: there's a goal. >> you're, that's true. probably ought of reach by the way. you're exactly right. look, the president's being so hypocritical about this the fact of the matter is our american energy indugs city workers want to produce more. europe conceded nuclear energy, natural gas is clean energy. this white house still fights that notion. as a result we are vulnerable. i just noticed in addition to negotiations or discussions at least, let's be fair with venezuela, president, white house considering limiting
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energy exports from the u.s. which would be i think even a crueler blow for europe and our allies who are trying to withstand and withdraw from russia's energy dependence. so it is just frustrating to see the president continue to attack our energy sources mere in the u.s. while really, i think crippling our allies overseas. all of this is a predictable but a dangerous outcome. neil: all right, so when the administration says, you know, oil is big in texas as well as you know far better than i. >> yeah. neil: that they have already offered enough for the oil industry to produce to their heart's content here, but when i hear gina mccarthy, national climate, you know envoy, representative if you will, quoting her, let me answer your question very directly. president biden remains absolutely committed to not moving forward with additional drilling on public lands. that is a whole shooting works here. on the existing, leagues leases.
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95% production rate. that is not a problem. limited where we get it, right? >> that is exactly right. i think the president wants to have it both weighings. just spin it ran on killing oil and gas in america. that is what he is doing. trying to create appearances we need to do more here at home. the american people are not buying this. the fact of the matter is, permitting matters. both the fact they are considering no leases in the gulf coast. there are really no permits being granted and republicans believe the opposite. we should be maximizing america's -- neil: i think you said it best, congressman. you said it brilliantly earlier on.
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why would you invest billions for something tapped off less than a decade. it is not worth it right. >> financial lifelines. putting pressure and banks, financial institutions not to fund investments in oil and natural gas. that has big impact as well. if we can't finance it, you can't see a future for it, you're going to invest less in it. that is the environment we have. any a pro energy president could, pro energy house of representatives do turn that around. neil: i think to your point, you mentioned the european example, germany looking at nuclear and colt. france doing the same, my people, italy they're way ahead of it exploring any and all options. in other words that they're even
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in a climate change focused europe, they're looking at options to get them over this serious hump in a hump that i think they have acknowledged could last for quite sometime. what would be the harm with being all in on everything? >> you know i would think that makes perfect sense. we can go to that cleaner, more renewable future, have a good, smart transition, create jobs, innovation while we're doing that, so we don't harm the economy. what is ironic as we watch here struggle, we're seeing. here is america under joe biden following exact same path. it boggles your mind. neil: how long do you see this going on? >> for a while, as long as the president is in the white house we'll see the low standing around the world.
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you can see the attack on american energy. i think a republican house of representatives is going to change that equation somewhat. with the power of the purse we're going to insist on doing more american-made energy and cutting those permits and using the power of the purse to as leverage to do that. neil: we'll watch very, very closely, congressman. always good seeing you. be well. >> good to see you, neil. neil: beautiful home behind you there. so idyllic. cozy mood. you forget about a energy crisis, gas prices doubling, oil prices tripling. you wake up, say i was just dreaming. in the meantime we've got the dow jones industrials about 244 points. you know the drill. oil is up, interest rates are backing up and a lot of people are just fed up but that is just one day, one minute, one moment. we're having a good week. averages going into today up 4 1/2%. we still have time to screw this up. right now we have to do a lot of screwing up. but we've done that too.
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neil: all right. it is not a done deal, reverse deal, deal back on deal just yet. we're getting indications right now the judge involved in trying to get the world's richest man
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and twitter folks back in court, that is still on because the judge is not seeing anything at least on paper to indicate that a deal has been had. i think that is the gist of it. it gets progressively more complicated. kelly o'grady in los angeles with more. kelly, where does this thing stand? reporter: you are right, neil, we're not across the finish line yet. i love how this saga is unfolding. musk was supposed to be deposed today for the trial. it has been delayed so the sides keep negotiating. that is a positive sign. the judge says as of now the trial is still on. she wrote in a filing yesterday the parties have not filed a stipulation to stay this action nor has any party moved for a stay either for continued to press on toward our trial set to begin on october 17th. couple details are surfacing. during the past few months musk sought reportedly a 30% haircut, then a 10% haircut for context. that ladder is a bit more in line where the stock had been trading before musk came back to
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the table. both discount attempts were rejected before he ultimately agreed to those original terms. now remember, musk is seeking twitter drop the suit and make closing contingent receiving the debt financing. a source tells me that last part is a key hankup. twitter is looking for more ironclad assurance to enforce the performance class. twitter is entitled to obtain specific performance or other equitable relief to cause mr. musk to fund the equity financing. so as of now musk committed to 33 1/2 billion in equity financing, that of course did just become a little bit harder because apollo and sixth street are no longer interested it seems helping him do this the rest is debt from a cron sore chum of -- consortium of banks. it is a possibility that he may use contingency request to wiggle out of things. when they originally committed
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the banks say it will be significantly more costly, inflation, rising interest rates, economic uncertainty to provide that debt. they had to to at a discount on other deal loans. i raid the finance letters. they have to go through with this unless there is called a material adverse effect even though now musk is saying there has been, that is not the case. so i do have to say i'm surprised these bankers even agreed to this this will be a highly leveraged company if it goes through. neil: the times were very different when they originally signed on to it. one thing, nasdaq had not crashed at that point. tesla is half from its highs. twitter is raising up to close the deal. it is confusing. kelly, thank you very, very much. let's go to charlie gasparino. let me be blunt. >> right. neil: will this deal happen? >> probably not at this price. let me make a couple points as i heard what kelly said. i think you need to check if apollo is equity financier.
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they may be a debt, i recall, they may be a debt. why is that important because equity financing was coming from musk, largely, coming from larry ellison, marc andreessen and a few other players. about they back out, that is not good. those are friends of elon, okay? neil: but they have not backed out? >> there is no word. they won't answer our phone calls. neil: there would be good financial reason for them to back out. >> right. the stock has moved against them. the debt financing is interesting because you turn to that, that is essentially where i think apollo would play mostly and also you know, big banks want to do that. now, here's the problem with the debt financing. the markets have moved against them. we have higher interest rates. we have a selloff of the, no one thinks twitter other than you know, its bid is worth $44 billion. banks, if they have to do the loans, generally like to sell it, they syndicate it out t will
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be really hard in this environment. people were not buying leveraged loans like in the past. banks could take a loss on that. that could material adverse clause kick in for musk, back out, pay the billion dollar breakup fee, could not obtain bank financing 44 billion, banks say no, we're not giving it to you, they could do that right now, that probably triggers the mac clause. that means twitter will have to come back if they really want to sell this thing agree to a lower price, probably worth, which would be better than they're ever going to get because this is a crummy business. popular, far-reaching and relevant as it is it's a lousy business. no private equity firm would take this, has bad cash flow. it has funky earnings. sometimes it makes money and a lot of times it doesn't. you know the troll, the bot thing, musk obviously built up,
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advertisers are going to say listen, elon basically said this, i want my ad rates to be less. put all of that together and it is a less, it is less money that maybe twitter will have to take. i want to remind you, we've been reporting on this show for weeks now that he was angling, he still wanted to buy it but at a lesser price. neil: but can the judge force the issue? she is no fan of potential acquirers all of sudden backing out? but she might say we're in this position you delayed it this craziness, locked into the price, and this is the price? >> she is no fan of elon musk obviously. she thinks the case was bs. she thinks the bot thing was absurd. the white sell blower -- neil: she would not have been sympathetic? >> only thing i can tell you the agreement he signed she will force him to abide by has a material adverse clause.
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if you don't, if you can't get bank financing for something, if they back out, that could be -- neil: was it contingent on bank financing. >> i believe so. neil: he looked to banks. >> he had a syndicate. neil: but his collateral was tesla stock. >> right. neil: the judge, we don't care how you go about getting the money for this, this was the money you agreed to? >> good point but you you have o read that contract they initially signed. neil: reads like your contract here. that goes through hundreds of pages. >> hundreds of pages of caveats. one caveat i think is a mac clause somehow contingent on bank financing. if you can't get it at this level, see that is where elon may be playing three dimensional chess here. again we've been reporting for weeks, he was telling investment bankers this, he still wants the property, he wants to play less. where he plays three dimensional chess where he invokes the mac
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clause because he can't get bank financing. neil: right. >> by the way that is real think. this is how banks do it. neil: especially now. >> they lend you the money. they have the loan. they don't want to keep it on their balance sheets see 2008 situation happen. they syndicated it out. it is very weird in the interest rate environment to syndicate out loans at a profit. that is where he might be, i was going to write a column this week saying he was not smart, but he may be smart as i'm thinking about this. this may be out. he is brilliant. neil: what you're saying the balance sheet has hit the fan? >> yes. can i use that? do i have to quote you? do i have to quote you? neil: you're the best. he can make sense of -- he gets these, really involved reports and filings and it's greek. actually in this case it is actually greek. it's a mess. >> it's musk. neil: not a done deal. in other words this whole dinner thing with you and me --
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>> you're -- neil: can turn on a dime. >> you're back in the game. neil: exactly. >> you're back. neil: how scary is that? we have a lot more coming up including uptick in oil prices, supposedly cozying up to venezuela after getting burnt by opec. a wrinkle in the opec situation, they cut production by two million barrels a day. they offered to cut in prices to asian buyers? not to american buyers. i will pursue that with a little more detail right after this. ♪ to be strong. to overcome anything. ♪ ♪ to be... unstoppable. that's why the world's largest companies and over 30 million people rely on prudential's retirement and workplace benefits.
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is focused on three significant assets all within the america, all focused on copper. and i think what's important to understand is 90% of the world's copper comes from open pit copper porphyry mines. that means several things near surface disseminated, but also size and scale. the mocoa project is significant because it's already a large project. it already contains an inferred resource of over 600 million tons. it contains over 4 billion pounds of copper, 500 million pounds of moly but it's still in its infancy. it's still just an inferred resource. it's open in all directions from the amount of copper that's going to be required. we need big projects and we want to bring it to the world stage and demonstrate the size and scale. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life
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down 169 points, but at this point this week we're up four, 4 1/2% on all the averages. 1600 points we gained on monday and tuesday held on for the most part. the big fear right now the oil price going up, given what opec plus, opec plus countries did, we can't find an alternative reportedly trying to deal with the venezuelans maybe they can make up the gap. they say that isn't so. short story, prices going up, interest rates continue going up, the betting coming next month we'll get another 75 basis-point hike with 75 overnight lending rate, maybe a little less in december. steve forbes on all of these pressures. what do you think, steve, on the fed? i know you're not a huge fan but on the prospect of maybe rates, one and a quarter, 1 1/2 points higher than where they are to the end of the year? >> that will really hurt the economy going into 2023. the reason we got the rally,
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1600 wonderful points on the prospect that the economy is doing so poorly now the fed won't feel they have to keep raising rates. so the fact that the economy is faltering is now the hope of the stock market. neil: that's weird. that's very weird. >> just as you scratch your head on it. neil: do you think the fed is driving us and now doesn't care it could be driving us into a recession? >> i think they feel the only way you fight inflation is with a recession. that has been disproven by history time and again. neil: that was paul volcker example, right? >> what paul volcker did, wasn't so much a recession. we had three recessions before that. what he did afterwards, stabilized value of the dollar, plus ronald reagan put in tax cuts and deregulation. a stable dollar, vibrant economy. by golly we had two wonderful decades. unfortunately this administration is going out of its way to put obstacles in the way, whether it is energy, whether it is small businesses, regulators. the sec 500 page document rule on climate change for crying out
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loud which is going to hurt a lot of small businesses. neil: you're exaggerating, it was 498 pages. [laughter] >> my math. neil: i see your point but what is wild to me, how the markets are digesting this. they seem to be betting interest rates will keep going up, the fed might overdo it but it will be a small price to pay. actually it is a very big price to pay. >> it is also going to have, which they will have thrown in their faces, overseas repercussions. one, a lot of developing countries took on a lot of debt when the money was free. now the money is no longer free. you will have enormous crises cropping up there. a little bit with sri lanka and pakistan. that is the beginning. you have a big bomb be coming there. japan continues to go with low interest rates. they will haveprint a boatload of money a crisis with the yen. we know what happens with europe. there will be a crisis there i think the fed will face foreign
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circumstances that will force them to make a change. the question is what change are at the going to make? because they cannot have just look at the u.s. alone. now the world collapsing around them, they should have learned from the '80s, when that happens it hits us as well. neil: you mentions the '80s, i was thinking about liz truss, new prime minister of britain, baptism by fire, she fashions herself the maggie thatcher of this century here but once she shelved her big tax cut plans particularly at the highest rate, the markets seemed to rejoice, the pound picked up steam, picked up back to where it was. i'm wondering if that tells you something, that a conservative government had to retreat on conservative principles? >> well, the problem is the conservative party in britain hasn't been conservative since margaret thatcher. neil: right. she was going to try, right? it was repudiated by banks, right? >> you have to put it in
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context. the whole world was collapsing then, not just britain. most of what her tax cut proposals were was not increasing taxes, don't increase the payroll tax, don't increase the energy tax, other taxes that boris johnson put in to take in effect, the corporate tax. so the actual cuts were rather small on what they call the standard rate which is 20%, most people in the bracket would reduce it to 19. the top bracket 45 to 40, which would hit 160, $70,000 there. not a big deal. neil: that low? >> that low. neil: wow, okay. bottom line she was repudiated. i'm wondering, does it send a signal over here? >> part of what the repudiation was, large part of her party she hasn't had time to prep to say this is the new way ever doing things. when margaret thatcher took power, she had been in opposition for at least three years, was very clear the conservative party was taking a different direction than when she took over the party in 1975,
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76. the groundwork had been laid. the big things were going to be coming. liz truss comes in finds the economy collapsing around here. she has to do in matter of days what margaret thatcher could do in prep time three or four years. people will come around exchequer is strong in the party conference. they will realize only hope of surviving the economy and their own political futures, by having positive things to get the economy moving. i think this temper tantrum will be seen as something more about the temper tantrum people than about truss herself. she was right, they're wrong. i think circumstances are going to vindicate her if she keeps the rest of that tax cut and goes with deregulation which boris johnson never delivered on. that is the kind of thing that never gets headlines. if you follow through, get that through, come spring, come summer, people will say, maybe not so bad. neil: admit it, you miss boris johnson's hair, don't you?
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come on. he is a character. >> the hair part was good. the rest of it -- neil: what was underneath it. steve, you're the best, thank you my friend very much. steve forbes. he is not the only critic of the federal reserve. we'll explore a little later whether indeed the fed is overdoing it and it could be taking a lot of financial issues with it on somewhat they call a sue a suicidal mission next hour. we have things nothing to do with what the federal reserve is doing or inflationary environment. sometimes mother nature have a play in all of this. doesn't connell mcshane know it. where a drought is sending a lot of key prices a lot of key foods up, up a lot. connell? reporter: big time. all you have to know about how bad the drought is, neil, this cornfield where i'm standing, if this was a regular year you wouldn't see me. like the movie "field of dreams," if you remember that look at the corn how low it is.
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all it has grown this year. if it was normal times it would be way up here, way up above my head. 99% of wayne county, nebraska, is in exceptional drought. it reminds people of 2012 which was a dry year. this might be worse. we talk to merlin who farms this land, they say the worry is about what is still to come. >> it could be considerably worse down the road. we're going to need moisture. with that we'll need price both. a little more. we're going to have to see a significant rise in the product that is leaving the farm here. especially in the beef. reporter: the corn here is for feeding the cattle that you're looking at. it costs merlin about $1200 a day to do that. the thing is all of his other costs are going up, going up a lot. it is the same deal down the street where we man into a guy named dave yeager who has been farming soybeans and corn since
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the mid '70s. >> all our inputs for next year are going to be you know totally higher. i mean our chemical prices, you look at them going up 10, 15%. seed is going to be up probably 10%. your fertilizer, i bought fertilizer last year at 350. this year we bought some, joanie and i bought some the other day, it costs us 500 a ton. reporter: joni is his wife he works with. these guys he will tell you, don't hold your breath if food inflation is peaked or close to peaking. get a steak at a restaurant next year will probably cost more than it does now. in fact, neil, merlin is saying, if they don't get a lot of rain for example, he would need beef prices to go up 30% next year just to break even. that is how bad his business is, neil? neil: if you think about it, no matter how high you hike interest rates, connell?
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they don't address something like this. reporter: no. you can't, you can't fight, farmers say you can't fight mother nature. they have been through this before but you know, merlin was saying this seems in some ways kind of like the new normal, this extreme weather. they're getting sick and tired of it because it makes the business very, very difficult to plan for. neil: thank you, my friend. connell mcshane in nebraska on a side of the story you're probably not aware of, you should be, it will be popping up into your grocery store shelves maybe sooner than you think, if you have not already felt the pain. when we come back here, some disturbing video, this time more planes, buses going out but this time not a peep of those migrants going all over the country. there is a reason for that. because it is not republicans doing it. after. ♪
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neil: seems to be a double standard when it comes to buses or migrants shipped elsewhere all over the country from texas. bad when it's a republican governor in texas doing it, or even a republican in florida, taking a plane sending some to martha's vineyard. some a quite different story if president of the united states working with i.c.e. is behind it. we didn't hear a peep about that with hundreds of flights involving 10 times the numbers golfs were involved with but it happened again. in this case upstate new york where a number of migrant kids were secretly flown to montgomery, new york. this was part of a what we're told a clandestine operation where there was little warning, little advanced heads up. steve bresha, republican village of montgomery, new york mayor and the deputy chief of police to join us. mayor, apparently there was no
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word forwarded to you that this was coming, that these kids were coming. maybe you can bring us up to date? >> yes, neil, none whatsoever. i was found out about it friday night by our deputy chief sitting next to me. it was very alarming to say the least. one of the largest planes has ever come into orange county airport. we're not accustomed to that. it set off a panic in the local community, the town, village of montgomery. new york state, sanctuary city, state, rather but we're not a sanctuary village. we don't support that and the town isn't either. it put up a lot panic in the local community. people went on social media -- i'm sorry. neil: no. chief, can you tell us how many individuals are you talking about? where are they now? >> neil, first of all thanks for having us on. there were 11 males and 14 females on this flight. they went throughout the
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new york state area, new jersey and connecticut. neil: so there does appear to be a double standard here, gentleman. you heard the grief texas governor has gotten, florida governor has gotten for essentially doing what the spades. i try not to politicize these things but if you're against that sort of secreting in the night type of you know, passageway for migrants, then you should be against it no matter who is behind it. it doesn't appear that was the case here. >> this, in law enforcement we tell everyone, if you see something say something. that is what happened here. an alert pilot saw this and saw it as some type after of a criminal activity with children. when the bus went into the village of montgomery, our officers stopped the bus. we brought in state, federal, local assets to assist us with the language barriers to find out if the children were held against their will and to make
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sure that they were getting the services that they, treatment that they should be treated and not just going to some illicit or underground activity. neil: so chief where are these kids now? >> they're in several different group homes throughout new york state as well as new jersey, connecticut. some went to northfield, new jersey, hillside, new jersey, richfield connecticut, and there was a bunch of different locations throughout the new york, farmingdale, bronx, huntington station, kingston, new york, west park, new york, dobbs ferry, new york, lincolndale, all the different areas they went throughout for that planeload. neil: just incredible. guys please keep us up to date about this, there seems to be a double standard we're all for consistency, does not seem consistency where it gets
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covers, way it gets reported, what you're dealing with right now. thank you both very much. >> thank you. neil: the dow is down 105 points. we're following days after discussions of a republican governor and a democratic president joining forces, even though they're politically miles apart. the fallout from their working together, after this. ♪. go. go lights. go big city lights. go spotlights. go stadium lights. emerson software helps clean energy become reliable electricity. go “good night.” go boldly. emerson.
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♪. neil: well it could be the most expensive rebuilding effort save the fallout from 9/11 this country has ever seen, at least from a natural disaster. nate foy in fort myers, florida with the day after the president and the governor got together to deal with that nate? reporter: neil, good afternoon. today we're with the florida task force two rescue crews on fort myers beach which is blocked off from the public right now. that is what governor desantis calls ground zero of the hurricane aftermath. i want to show you a command post they're working with. you see a tent with workers of they have a map where they track incremental progress with the search efforts. you see the communication tower here. i will ask my photographer nick, to swing the camera around. this is a small example of what
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you see on fort myers beach. hollowed out building here. and left of that, where the emergency workers are sleeping, have slept since 10:00 p.m. last week, it has been over a week. look at video we shot this morning, neil. first of its kind water mission. it is an assessment mission but could turn into a rescue and recovery mission. they're searching waterways around fort myers beach, looking for anybody stuck in the debris both dead and alive unfortunately dead but hoping to find survivors. we found one survivor whose home is still standing. he will stay here until fort myers beach will come back. listen to this. >> i think all in all it will be okay. there is a lot of people that passed. there is a lot of people that lost everything. we are really grateful, really grateful that we're still here. reporter: an unbelievable spirit on that man, neil. i can also report that the pine
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island bridge is functioning after just three days of construction. the state and lee county working together to make that happen. so progress is happening but still, a lot of work left to be done. we'll send it back to you. neil: thank you very much. nate foy in fort myers. want to go to john york, blue line moving owner, army, there is need, there is a cause, helping people with one disaster after another. he has upbeat attitude. you feel guilty if you're whining about anything. john, good to have you again. how are things looking there right now? >> thanks, neil. i tell you what never seen people working together so great. i mean attitudes of all people. no politics. americans helping americans. floridians giving back. bringing donations, tarping roofs. i never seen so much church disaster services in one spot at one time helping people.
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the attitudes are upbeat. they're recovering. they're doing well with the help of so many people. neil: what do folks need there, john? what do you need? >> they need tarps. seems like every roof i saw had damage to it. doesn't look like anybody escaped missing something from their roof. there is a shortage of tarps down there. we're trying to focus on getting tarps and roofing supplies over there so we can get people their roofs patched up, tarped up. socks, children's motrin and tylenol, diapers and wipes, stuff like that. the basic necessities are still in need. we're still collecting here at blue line moving and tiki 52. these are some of the drop spots we have lined up. people are bringing donations like crazy. neil: you're leading that effort. john, thank you very, very much john rourke. we will update the kind of supplies in need in that area, particularly around the gulf and flood zones in lee county, for
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example, had most of the flooding. most of those who died in lee county died of drownings. we'll keep you posted after this. ♪ what should the future deliver? (music) progress... (music) ...innovation... (music) ...discovery? or simply stability... ...security... ...protection? you shouldn't have to choose. (music) .. (music) visit goldhub.com.
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