tv Cavuto Coast to Coast FOX Business October 12, 2022 12:00pm-1:00pm EDT
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there is on your screen the possibilities. you first. >> i will go with the hobbit. stuart: ashley? ashley: i will go with harry potter. stuart: i will go with the hobbit as well. that is right. >> victory dance. stuart: i read that 50 years ago in college. >> a must read for high school students. stuart: 140 million copies of the hobbit have been sold. got to move to a programming note, don't forget to submit your questions for our upcoming special varney and you. in front of a live audience, varney and you, fox.com, next monday. you can set your dvr to see it later. it is yours. neil: you speak, still don't
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understand. all right. i will set my dvr as we speak. we have a run up at the corner of wall and broad, the surge in the dow today occurring at a time we are getting signs of a surgeon the economy, that's no big deal, you have that but it is not the case. bad news is good news on wall street. when you are texico say we are doing better than thought, the consumer might be hard-pressed to buy things but not when it comes to chinos or burritos or gatorade and then you have a much stronger than expected inflation reports, so you could say all of that after we quadruple short-term interest rates. it is not affecting people. they are still buying as prices are rising, holding those levels, picks up -- pepsi co. is adding more product, more than most folks thought.
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this is one of those rare occasions, don't want to necessarily, it is unusual with good economic news being treated as good news. i find that a little bit remarkable. the white house might reinforce the impression the president made with jake tapper the we might see a recession but for the time being he doesn't see one, maybe he's pointing to data like this, edward lawrence has more on that. >> reporter: throw some bad news on top of bad and good news. the message at the white house is stark change. a year ago the president was saying we are not going to have a recession and three months ago saying it's not likely we are going to have a recession, now as of yesterday it is possible we could have a recession but it will be shallow.
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>> you set a slight recession is possible. >> president biden: it is possible. i don't anticipate it but we talk about the impact on families. families have reason to be concerned about energy prices and a whole range of issues. >> we had two quarters of negative growth in the first half of this year and that is technically a recession, the international monetary fund says inflation will cause the us inflation to stall in the next year and i will show you where cpi inflation went under president biden. and the worst may yet be to come with the economy. one question for the press secretary yesterday. >> i wonder if the president bears response ability and his policies to what they call a stalling economy? >> we got to step back and look at what the president walked into. when you think about we've been here for 20 months. when he walked in businesses
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were closed, schools were now open. why did this happen? because of the global challenges many countries, countries across the globe have been facing. >> long answer for they don't believe he bears responsibility and no change in policies from this white house so far. neil: edward lawrence following this at the white house, not competing with any of that stuff. which was nice to see but this is an upside down kind of day. there's no competition for machinery at the white house. i'm telling you something odd is going on. let's go to scott martin and jonathan honecker, brilliant with a read on this market. to you first on the oddity of accepting good news for what it is. what do you think? >> is that a good news piece
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that reinforces the president's rhetoric? a few weeks ago, months ago saying we have the strongest economy in the world, the world as he said, exact quote but we are in a recession, don't want to admit we are having and we have two negative quarters of gdp, crashing business confidence. neil: no apologies for anyone but the reaction to that is a consumer stay plants people are buying, not just me buying the read, other people are joining me as well. but then the stubbornly strong wholesale inflection report which shows inflation really isn't budging after these rate increases which shows somewhere we are falling apart with the consumer. >> the problem with the rate hikes, got to let them cook a
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little bit and permeate the economy. the fed is fast and furious and have to let that affect prices, not just looking at 2 or 3 weeks, to see what happens with prices, you need to let things permeate and you see inflation come down, the fed has not done that and markets are suffering. stuart: neil: what do you think of this? >> market suffering, everyday americans suffering and they are still buying cheaters and doritos but they are going into debt to do it and the real damage, it has been in stocks. neil: how many stocks are going into debt because of chinos? >> for everyday expenses. neil: like the one you are wearing, pricing material, chinos, doritos, i don't know. >> everyday expenses, up and up. 80% of stocks below 50 day and 200 day moving average, the president doesn't control inflation in particular, the
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spending of policies are exacerbating inflation. he was cutting 7000 government jobs from 1978 going down that path and that is it. neil: you rained on my one slight little parade where i was looking at a particle of good news but that is fine. you have an environment where consumers have proven resilient, to jonathan's point they run out of money but we are not seeing that to the degree many thought they would. that doesn't mitigate the layoffs we are getting, laying off thousands but still more the exception than the rule so what to do and make of the environment we are in that has the dow raised again? >> some sunshine tier side of things in the sense there are jobs out there. you see a massive supply issue with respect to the labor force, jobs are out there, not
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the highest paying jobs with intel and other areas and the tax hike but overbuilt and over hired and pulling backwards was the right thing to do in this environment but when you look at services i did some traveling this past weekend, airports are full, restaurants are full, roads are full, massive traffic jams, there is demand for things out there folks can get up and get going and find these jobs and find other side gig to pay for a lot of things jonathan said. i wonder how bad inflation is. i had a nice lunch at taco bell, cost me $28 at taco bell for lunch, people need to pay for those things and do that by getting active and involved. neil: plenty of dollars at taco bell for just yourself? >> for lunch. >> a lot of chilled operas. neil: i can't see me, that is just the old appetizer.
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what about the consumer? i'm ke proving very resilient. that is paving way for more wealth effect. run up for last couple years. my sense people are opening up some of those statements, neil. they're seeing damage in their portfolios. they have seen it in terms of their spending. seeing damage in the portfolios, not just the stocks, but in the bonds as well. keep in mind spending. lagging indicator just as jobs are. my sense moving forward, what hurts economy lack of
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production. how you can invest three years out, five years, consumers will be hurt. producers, investors, i think that is why this economy is so much in the mud right now, neil. it is indicative of the '70s era stagnation we could be in for quarters if not years. neil: guys i want you back in the next hour. i want you to follow up on this thing we're getting out of so many wall street titans who predict another 20% falloff here. it's a pattern. hitting it from linings of ray dalio, imf, world bank officials. what is magic to another 20% hit? we'll explore that with these fine gentlemen later on in the next hour. meantime. taking a look at economy right now that could be going from bad to worse.
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a lot has to do what is happening at your local gas station. you're not imagining it. prices are moving up. even though oil is moving down today. but the president did seem to indicate something in that jake tapper interview own cnn. that he is ready with a response to the saudis for cutting back on production at the worst of times when the administration had said do not do this. they did it anyway. so what is he planning? after this.
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♪. neil: all right. it almost sounded sinister in the cnn interview with the president of the united states last night when asked about the saudis leading this opec-wide, opec plus countrywide reining in production of by two million barrels a day. we're readying a response to this. we're not happy with this, but again not detailing what that response might be. aishah hasnie following these developments very closely. i believe she is is at the state department. reporter: i am. neil, good to see you. this is very interesting watching this administration.
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these talks about recalibrating the relationship with saudi arabia ha has been on going quite some time since the beginning of the president's term. the talks about retaliating against the gulf ally. that is very new you are right on the dot about that although the president staying tight-lipped exactly how he plans to do that. president biden: we'll react with saudi arabia. getting consultation when they come back, and we will take action. reporter: so what he is saying there are going to be consequences. he is going to take action but he will actually wait to consult with senators when they return to capitol hill. so we already know, neil, senate foreign relations chairman bob menendez wants to block all future u.s. weapons sales to saudi arabia. meanwhile support is building for that know peck bill, that would require, allow u.s. to sue opec member countries in federal
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court. we're hearing some members want to even pull u.s. troops, u.s. equipment out of saudi arabia and the u.a.e. that would be a relationship destroying move, the worst-case scenario. some say look the administration needs to look in the mirror here, recalibrate its own policies that contributed to this energy crisis here at home. grass price, they were already rising before the war in ukraine. they have been rising again before the midterms here, up 20 cents a month, to $3.92 a gallon for regular right now and "the wall street journal," neil, is reporting that this administration actually called up the saudis and pleaded them to delay the oil cuts by another month which the saudis viewed as a political ploy. >> didn't know about it but i can believe it because the democrats will do anything to try to keep gas increasing before the election. they have waged this campaign against our long-time friend
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saudi arabia in favor of our long-time adversary iran. reporter: so we are going to ask a spokesman, ned price, about "the wall street journal" reporting a little later today during his news briefing. as of right now though, no timeline from this administration on when we might see some real action against our gulf ally. neil? neil: ashiah, thank you very much for that. want to go to flynn who follows it for a living, best i know. we're readying a response for the saudis, they embarrassed us, embarrassed the president by doing this against his wishes, repeated phone calls not to do, they did it. benefited vladmir putin or that matter anyone in the west so what would it be? what do you think it is? >> you know i think it is a result of president biden's long-term desire to muddy up
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relationships with saudi arabia. i have mean this is a president that -- neil: what would his response be? we're told it would be all right, maybe stop sending weapons to them. mange them pay dearly for this. how would you make the saudies, perhaps the richest kingdom on the planet pay for something? >> well the way that would be the most effective is to get u.s. oil producers back to work but they don't want to do that, right? and so they decided to, you know, burn down the baby with the bath water at the same time and this is a long-term strategic mistake by trying to make an enemy of an long-time alley in a very sensitive part of the world especially the middle east where they produce a lot of oil. the administration, the critics are saying well saudi arabia sided with russia, you know, but the, to be honest with you. the only reason they would have, because the biden administration pushed them into this relationship, right?
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they want, did not want to deal with saudi arabia. this is what you get. and really if you go back to the beginning of this, neil, the reason why this all started is because president biden was upset that saudi arabia last november didn't raise production when he wanted them to. that started releases from the strategic reserve. that in the saudis mind broke the market. right now the saudis feel they're fixing the market, getting back even with the biden administration. really this is a result of bad energy policy we got to this point in the first place. neil: all right. thank you very much, my friend phil flynn following these developments, getting update from the "new york times" that president biden officially named china and russia as our top threats in a national security strategy that will focus on these two and it includes a darker view of the risks of globalization which is weird, if you think what we've been doing on climate change that has all been about cooperating with the big global players. not so subtle message here,
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♪ neil: all right, you know, there are so many fascinating race this is election year, less than four weeks away but the one in pennsylvania of course between john fetterman and oz, it just gets, more, i don't know, bizarre by the day and the allegations that go back and forth on each candidate, particularly whether mr. fetterman is up to the job himself and that has been raised by a left-leaning news organizations journalist, who came away with an impression maybe he is not up to that. bryan llenas following all of this, giving us an update. reporter: nbc news sat with joan fetterman using closed-captioning as he is recovering from his stroke. you're right what the reporter said happened after that
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interview or before that interview i should say which the reporter said ultimately she believed fetterman did not understand the conversation that they had before the interview. didn't understand the small talk. now during that interview when pressed as to why fetterman was not, has not released his full medical records, fetterman said look, he feels he has been transparent enough. listen. >> being, in front of thousands and thousands of people and having interviews and getting around all across pennsylvania that gives everybody and the voters decide if they think that it is really the issue. reporter: so look, the "pittsburgh post-gazette" and "washington post" editorial boards called on both candidates in this campaign to release their medical records. oz has fetterman has not. the post-gazette went on to write this. mr. fetterman is showing fundamental lack of faith in people's ability to put health in perspective, to fairly decide his overall fitness for office.
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now dr. oz is now reiterating his calls for fetterman to look release all of your health records. listen. >> this question of his health is not about me. it is about the voters. he is not allowed any legitimate questions to be answered by his team about his medical records. he has not shared them. he has delayed this debate until so late in the cycle the absentee ballots have all been mailed. probably a third of the ballots could be sent in by the time i even have the debate. what is he hiding? reporter: according "fox news" polls registered pennsylvania voters who are concerned fetterman is not healthy enough to carry out the job of senator has gone up 11 points from 23% to 34%. yet the majority, 61% of voters say they are not concerned. moments ago fetterman tweeted, actually earlier this morning that he said it is hard recovering from a stroke in public, neil. he will be much better in january and dr. oz will quote, still be a fraud. this has been a very personal
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and nasty campaign, neil. neil: you never know it from those remarks. thank you very much, bryan llenas following all of that. delighted with my next guest, don peoples not only respected in the financial community but has uncanny gut potential political stars in the making. think about this, back in 1992 he had great hope for this fellow named bill clinton from arkansas who was part of a limited pool of democrats daring to take on george bush, sr., at the time. in fact they were even called the seven dwarfs. we know how that worked & don made made a good investment, good call. even with this guy barack obama. all the attention was on hillary clinton. it should have been. she led in all the polls. he was an afterthought to people. something about him don saw early on ended up being a key financial aide, source on
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financial matters, to actually both presidents. he is back with us today. don, always good seeing you. let's first talk about who is out there now that is capturing your attention for the white house before we get to what's happening in the midterms? >> i think ultimately the next governor of maryland, west moore. neil: really? >> wes moore is 42, 43 years old. i have known him a decade 1/2, two decades. he is up by 30 some points in maryland. likely to be the next governor. neil: that state went red for larry hogan, two terms, he is termed out now, will go back to blue? >> hogan essentially endorsed him as well. wes is -- neil: hogan didn't like the trump-backed candidate. >> who was out of his mind essentially. wes, army veteran, rhodes scholar, finance person working at citigroup. ceo of robinhood. he is obama with strong ceo experience already. neil: what do you look at, don?
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i know we promised we would talk about the midterms, we are, but you do have a knack for this. and i, i just wonder what you see or what you look for? >> the future. who is looking forward. who has new ideas. i mean clinton was all about new ideas and looking forward. neil: yeah. >> who would be moderate to be able to cast a wider net and a bigger tent. and who has the personal charisma. who can be likeable. who can be inspiring. that would -- neil: how do you split that hair, let's say in a race like pennsylvania? >> i think in pennsylvania you have other circumstances happening. one it is a swing state to begin with. neil: right. >> two, the democratic nominee had a stroke. he is has not weared well in the recovery during the campaign. you have trump's overwhelming influence with dr. oz in that race. if it wasn't for that, and oz was a bit more moderate he would be running away with this.
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ultimately i think he is a likely candidate to win that race. neil: herschel walker will win it? >> oz. neil: so you think, okay, in pennsylvania you think they keep that republican. >> yeah. neil: this would be for republican seat. >> yeah. neil: that they keep that. i'm sorry i jumped ahead of you on the georgia race. how do you see that in particular herschel walker. >> herschel walker has a great name recognition, doesn't have command of issues. he has more shoes to drop. if people vote how they feel about the country. neil: bill clinton did. >> he did. herschel walker doesn't have the knowledge of the issues, the ability to -- neil: you're not sure he can eke that one out? polls are tight but you don't think for long? >> i think it is going to be a tossup. i think he still can win that race because i think that the
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voters are having buyer's remorse there. i think trump's influence in that election were, you know, overwhelming in terms of the senate races. i think trump lost yet the runoff. i think we'll see that race going to a runoff. neil: do you still think it is the economy stupid, bill clinton famously made that the case in uphill battle against george bush, jr., george bush, sr., i should way, made it a comfortable win at the time which stunned people? the argument in this environment sticks around a while which would be difficult for democratic incumbent whether it is going to be joe biden or if he opts out, a democrat to win period. do you agree with that? >> yeah, i think it is the economy. i think these progressives are in trouble. there is issue percolating in los angeles right now where you have three progressive liberal democrats caught on tape making racist comments. neil: yes. how did you feel about that? the president said they should resign. >> i think they should too.
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neil: they're not, they're not. >> i think reality here african-americans are hearing what we kind of knew. these progressives and these progressives -- neil: they're hypocrites. >> they're hypocrites but also their agenda isn't an agenda to move african-americans forward. i think the democratic party has a real issue there. joe biden and rest of these democrats will have to make a decision now. neil: but, do you look at this and donald trump famously used to say what the hell have you got to lose? democrats take you for granted. i won't. but it's a tough message sometimes for republicans in general. you have a record number of african-american republican candidates running this year for all sorts of offices but again, that is the impression that they're a monolithic block. >> well that's in part because the democrats have been very effective in putting this narrative forward that republicans are racists.
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it is an untrue narrative. george bush, george herbert walker bush were not racist. if you look economic opportunities started with richard nixon, a republican. so but -- neil: do you think there are more quiet african-american supporters for republicans for whoever the republican presidential nominee will be than say it out loud? >> yes, i do. i also if the republicans could put forth a nominee who was more sensitive to the history of oppression and discrimination. neil: not donald trump? >> i think he could have been a very strong candidate with black voters but he lost his opportunity. neil: what about governor desantis? >> i think he could be. neil: do you think he has the odds on favorite to become the next nominee of the republicans? >> no. i think donald trump has the nomination. he is the front-runner for it. neil: even with all the baggage. >> it is his if he wants it, behaves himself and stays on
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message. this attack on him, legal attacks -- neil: this is helping his cause. >> it is. frankly in new york we got a lot of other problems to deal with and worry about donald trump reporting to his banks where no banks lost any money. it's a ludicrous kind of case here. this is all politically driven because they can't solve new york's problems. neil: so you think donald trump if he were nominee could win back the white house? >> yes. yes i do. neil: another grover cleveland. i covered both of those races. so good seeing you, done peebles. really brilliant coming to this stuff the as don was wrapping up, we mentioned governor desantis in florida, apparently the treasury department is investigating his use of covid funds for the migrant flights that eventually went to martha's vineyard. this had been threatened out there, number of democrats saying where did you get the money to do this? is that a good use of funds to do this? treasury department own a
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federal level they're looking into it. we'll keep you posted. dow up 109 points, 110 and some change even in the face of strong economic news which is normally growthed not so favorably as it tends to portend we'll keep the federal reserve busy raising interest rates. today so far it is different. stay with us. ♪. [ marcia ] my dental health was not good. i had periodontal disease, and i just didn't feel well. but then i found clearchoice. [ forde ] replacing marcia's teeth with dental implants
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♪. neil: all right. we pared some gains in the market here. we'll get to some of these details in just a second. jackie deangelis has been following all this other news out there including layoffs i'm afraid to say. they are pretty big layoffs at intel. jackie, how are things looking? reporter: good afternoon to you, neil. reports are indicating job cuts
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are coming at intel and they could be significant, the stock is taking it on the chin trading higher flat, a little up, a little lower. reports say the chip-maker will make a big reduction in headcount and certain groups could see a 20% cut in staff. no comment from the company. the announcement could come as early as this month the reports say. the reasons being cited, inflation and return to offices. with the costs higher, pc replacements will take a back seat. as employees get back to the office and return to the abandoned pcs they left behind they're buying less technology for the home as they did during covid. covid lockdowns in china curbing some sales there, including supply chain issues. so is the conflict in ukraine. look at shares of pepsi, pepsi recorded third quarter revenue that beat estimates. the company said revenues up. -er pricing helps the bottom line even with some helps in volume. pepsi seems optimistic about the
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future hiking the forecast for the year. the ceo said the consumer is strong in its category and impulse purchases were a driver this summer. pep sy has a broad portfolio of food and drink brands. it has been making a push to diversify that portfolio. pepsi stock is trading higher, neil. neil: they didn't send a thank you to that for me. i'm responsible for the doer doritos and cheetos. i'm sure it is in the mail. susan li has big news on figure workers, how we define them, ubers and lyft. reporter: doordash as well. neil: widespread impact. reporter: record low for lyft and doordash. a bit of a recovery, a brave loan analyst called upgrade on lyft stock because of a valuation call but look, there is a concern now, the white house administration, biden administration might try
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to reclass five drivers from independent contractors to employees with benefits instead. we did checking what exactly the gig economy looks like. did you know only 9% of all u.s. workers worked a gig job in the past 12 months according to a pew study. neil: all of these are gig jobs? reporter: that's right. hourly. by the ride how you get paid. you don't get benefits. out of 9% of americans worked a gig job, most of them as classify themselves as independent contractors. even those that actually use the service like uber-and lyfts they see drivers as independent contractors. the reason is most of these workers do it to supplement their other income. meaning majority, 50% or so, say we do this because of flexibility and the fact it augments our primary income which is working another job. neil: they don't mind the independent contractor status? >> reporter: no, absolutely not. if you check in what lyft and uber has said, this is their
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statement to us, we start with lyft, in survey after survey, in state after state many drivers choose the work because of the independence and flexibility it provides. federal policymakers should be listening. uber says it is crucial that the biden administration continues to hear from more than 50 million who found an earning opportunity with a company like ours. we saw something similar in california. remember ab-5 when they tried to reclassify workers, gig workers, that was eventually voted down by those in california. this is a big deal because can you imagine paying 20 to 120% more for your ride in the future if employees were reclassified. neil: why was it automatic if they were reclassified? i never understood that benefits and costs to the companies goes up, right? reporter: absolutely. neil: that is passed along -- reporter: business model under pressure. neil: uber, doordash some others, right?
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reporter: consumers, too. do you want to pay 100, 120% more for your ride. the stokes reflect. neil: where do you think this is going? reporter: i think in california the consumer will win in the end. there is 45 i guess debatable process with the labor department. we'll see. i think in the end when talking about 50 million americans that depend on the ubers and doordashs, taskrabbits to augment salaries to put food on the table in high inflationary times? neil: you're saying the gig or jig could be up? you see what i did there? >> how long were you waiting to do that? neil: actually for a while. reporter: not hearing anything she said. get it in. neil: i can be childish. susan, thank you very much. we want to pass along news concerning the fda as well. they authorized a omicron booster shot for kids under age five. they take care of booster shows provided to adults.
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authorized for kids as young as five. we don't know how many take advantage of the booster shots to address the variants. apparently the push on the part of the fda you should get it, if you haven't got init it. if you have kids under five you should get it too. of course to decide were that is a good idea or not. stay with us. go. go scientist. go software. go cure. go production. go faster and safer. emerson automation software helps breakthrough medicines get to market at warp speed. go human go. go boldly. emerson. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates
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♪. neil: all right. sirens going offer a little while ago in kyiv, ukraine. i always worry when you hear that because that is where we find our trey yingst as they upping the violence, brutality as we speak. trey, how are things now? reporter: neil, good afternoon, for the fifth time today air raid sirens sounding in the ukrainian capital of kyiv. it is concerning after widespread missile attack in the country conducted by russia earlier in the week. we have fresh reporting from the eastern part of this country. in the liberated city of izum where we're still learning more about the terror civilians face there. take a look. 734-year-old resa stares across the at a police station in the town of uzum the building was
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used by russians to detain ukrainian civilians. they were tortured. i heard screams. i saw how they were taken away, hands behind the back, a black bag on the head. beneath the station cells line the halls. inside a glimpse at filthy isolation that captives endured. reporter: russian soldiers kept ukrainians beneath this jail torturing them according to local residents. this room smells of urine and rotten food, the conditions that civilians in izium faced when the russians occupied the town my son spent 24 days in prison. he think tortured him with electric current and beat him every day. before the war 50,000 people live in izum. now a fraction of the residents remain. it has no electricity at a central meeting place a generator runs, allowing people to charge their phones and call
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loved once. for civilians, now is a moment to heal. for soldiers there is no time to rest. when the ukrainian counter offensive started many of the russian troops panicked. they tried to get out of izium as quickly as possible. the ukrainians blew up their pontoon bridge. you can see the result here. russian equipment slamming into the river below. even as the town tries to rebuild with the threat of incoming fire and a front line just miles away, it is too much to bear, even for those who have lived in izium most of their lives. close to where we were reporting in izium a mass burial site was found with more than 400 bodies. i think this gets to the core why ukrainians are fighting so hard. this is a life or death battle. neil? neil: please be safe, my friend. i know i sound like a dad all the time i say that but please, trey yingst in kyiv ukraine. i want to go to bret develop
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velicovich special-ops officer and more. putin is upping the ante, the violence and brutality to force ukraine to do what, what do you think? >> as far as i'm concerned, neil, putin is a the leader of a terrorist group. that is the reality of it. they are conducting terror attacks on civilian population. at some point we need to designate them as a terrorist state for what they are doing. trey yingst is doing incredible report this war crime after war crime, when does it end? this is devastating to see. the recent attacks occurred in ukraine really shows how putin can reach out anytime put pause on celebration ukrainians winning tactically. that is the danger. safety of parts of ukraine including kyiv can be stopped with a few strong strikes from
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the russian side. so we have to be realistic at the strategic level. the reality russia is a nuclear power. they can put pause on the whole entire conflict on a single strike. putin knows the world is listening to him as he talks about the potential tactical nuclear strikes. neil: what will it take to end this, bret, short of a deal which seems unlikely, where vladmir putin keeps some land. ukrainians say that will not happen, how does this end? >> well the danger is i think what the u.s. government is not doing, trying to create a strategic plan for negotiations. i don't agree with what president biden came out and said yesterday, saying he has no reason to meet were vladmir putin, for instance, if he attend as g20 conference. as a leader dealing with one of the most important global issues of our time why would you not extend your hand out to open the door for peace discussions? what kind off leader is that? he should do everything in his
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power to stop this. that is the whole issue with this conflict. there is no voice setting a plan to negotiate. not trying to reduce casualties entering into the peace negotiations there is no de-escalation. the u.s. needs to stop toning down being sew vocal an about our material support and what material is being provided to ukraine. i'm not saying stop providing equipment. be careful about this announcement. take it back to the charlie wilson days where we're more quiet. biden es interview will used by russian state media. they will lie internally. saying that the russians are looking for a path of negotiations to stop this but the u.s. wants war. so easy for russia to twist the information domestically because they're in complete control of media. same thing like influencers like elon musk. when that gets involved, russia media puts his words, put it on state media. looks like everyone else is aggressors. he has to be careful what he says. it will twist words for
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propaganda and continue escalation on both sides. neil: a lot of people interpret the president's remarks being quasi-open to such talks, who knows to your point. let me ask you a little bit about this g20 thing. putin apparently deciding whether he should go or not. i thought that was a moot point. the whole world has condemned him. they don't want him to go there. like a bride's family deciding who will come to the wedding, we don't want uncle vlad to come to the wedding who is he to decide whether he is coming anyway? >> i think it is irrelevant. the biggest thing if russia extend as hand to talk to go the summits people should meet with them. any little inclination that russia is wanting to engage in peace negotiations we should. neil: you would talk to him. >> absolutely. what is the point, look, the truth russia is on trajectory of path to war crimes. when you move into the battlefield, ukraine the roads
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are lined with bombed hospitals, mass graves with ukrainians. one of the ambulances my team donated yesterday, i have photos to prove it was struck, ambulance near the front lines. that doesn't mean you shouldn't talk this out. otherwise we continue this military escalation. russia sends rockets over there, next thing you know we have more weapons piling on and on. neil: break bread and start talking brett. we'll see what happens. because we're not near that stage but you never know. brett, thank you very much. the dow up 110 points right now. interest rates holding their own. in the next hour we'll explore all of these folks who are fearing another 20% hit in stocks regardless what you've seen today after this. ♪ ♪
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