stuart: here ask the question. about the movie tight tannic. which french monarch does cal once wore the heart of ocean. first your guess. >> i think louis xvi. >> ashley, your guess? >> name, number four. stuart: i'm going with charles v. it is louis xvi, wouldn't you know. that is the answer. thanks for being on the show. thank you very much. neil: thanks very much for that, stuart, corner of wall and

broad. even british stocks, british guilds, bonds, they're all up not sort of a how do you do response liz truss resigning as prime minister after 44 days. apparently the markets there seem to think as they do here stability for the british pound and uk bond market here. anyone's guess. that fiscal discipline will be restored here. you never want that kind of thing to happen, when you leave all of sudden markets are soaring when you do leave but it is what it is. now the battle is on to see who will be the next prime minister there. alex hogan in london with the very latest. hey, alex. reporter: british prime minister liz truss will go down in history as the shortest serving prime minister, hardly the title she could have hoped for when she stepped into the role six weeks ago. she walked out of downing street today announcing this big news. she had hoped to give a low-tax,

high growth economy, something she simply could not deliver. >> i have spoken to his majesty the king to notify him i'm resigning as leader of the conservative party. reporter: even up until last nitrous promised to hold an open to the political career claiming she would not step down. more comments clearly reversed by today. in the six weeks on the job she face devastatingly low approval ratings largely due in part to her higher tax cuts and spending plans that tanked the economy. policies that have been criticized as a blatant failure. earlier this week she apologized for that. here in the uk we're seeing food and energy prices simply soaring and inflation is the highest it has been since 1982 but as you mentioned earlier since the news of cruz's resignation this morning the pound is now trading higher. all this coming on the heels of

a really shaky night. the country's home secretary sue-ellen braver man, quitting as night, other figures leaving the party, leaving a question whether or not truss herself would inevitably step down which we saw take place today. there are calls from the labour party demanding allowance for a general election this will be the third prime minister the country has seen in just four months. so the party, they're saying this is simply not possible. the country needs stability and needs some economic shakeup given how high we have seen inflation, the highest, neil, in 40 years. neil: so from what you're saying, they are not going to you know, try to frontload an election right now. they have until the at least end of 2024 to do so. so what is the latest on that? reporter: so there will be an election that will take place by next friday to pick the new prime minister. this again will likely be someone in the conservative party, the tory party but the

labour party is demanding a general election, something realistically we will not see take place but that is what they want. they say what the public deserves given how low the approval rating has been. saw some of the lowest approval ratings ever on record. given the state of the economy, the rising prices across the board when it comes to prices people are paying just for general things like electricity, food every time they go to the sore, but what we will see is this election taking place and we're already seeing potential candidates basically not announcing that they are going to step but we're seeing some speculation with ministers saying they're hearing from the constituents they even would want former prime minister boris johnson to come back and step back into this role even though he was voted out only a couple months ago. neil: just to be clear, i'm sorry i wasn't clear myself in the question, alex, the tories are not obligated to have an election or call an election

before 2024, late 24 at that, right? reporter: they're not obligated to do so. of course the opposition party would love for that to happen but as it stands right now there will be an election taking place internally within the party, the conservative party to have a new prime minister from that party take on the role by next friday. neil: got it. everyone gets a turn as prime minister seems like. alex, thank you very much. we want to go to nile gardiner, former policy adviser to one maggie thatcher. nile, what happened? >> neil, great to be here on your show today. what an ex-record extraordinary day in british politics and a shakespearian day for liz truss. a coup to unseat the prime minister, the coup plotters have been very successful doing so. many respects actually liz truss some degree contributed to her

owndown fall by a series of u-turns making concessions to the tory wets, left-wing of conservative party, this is a big mistake. when you make concessions to the left, they will take advantage of that. the sharks have been swirling for several days now. it turned into a feeding frenzy, ultimately liz truss decided to resign. neil: boris johnson thing, is that realistic that he would come back? >> yes, it is actually. i do believe that boris johnson is going to be a very serious contender once again for the leadership of the conservative party. he is hugely popular of course with the grassroots of the conservative party which tends to be more to the right compared to the parliamentary mps. i think boris remain as very, very popular figure among conservative party members who likely will have a vote in next week's election but also he remains popular with many conservative mps who opposed

to his removal as prime minister. he is especially popular with some of the working class mps who came in the 2019 general election as a result of brexit. so boris johnson is a proven winner. i think that boris actually will be one of the very top candidates for the leadership of the conservative party and we may see possibly a return of boris' prime minister at the end of next week. neil: one thing a lot of americans have trouble understanding is how a party that calls itself was conservative was even talking about tax increases. it was one of the things that alienated boris johnson with the base. maybe he can patch over that if he wants to come back. you know far better than i, but this idea that they're kind of like labour, maybe just a little less left. how do they rectify that? i understand the markets revolting, you know, at a package that wasn't technically

paid for, so the tax cuts went. so did tax cuts on upper income and corporations but confusing me as an outside reader, what is the difference between the labour party and the tory party. i don't understand? >> that is a great question and liz truss, she started off as a thatcher tax cutter. her budget was good. whole series of income tax cuts, corporate tax cuts but she reversed course. she lost her nerve. the next prime minister has to return to conservative values, principles and that means advancing economic freedom and a low tax agenda. neil: let me ask you, stepping back from this, i was tempted to ask you the new season of "the crown." i thought that would diminish your stature, i thought that would do that. i want to ask you about king charles how he handles it. we're told he was not impressed by liz truss. i don't know how true that is. not that it would weigh anything because royalty is supposed to be unbiased with no opinion but

how will that go? i mean he just met with her. you know, recently. >> yes. neil: now you know, a new prime minister will come in and the permission to form a cabinet and all of that, your thoughts? >> yeah, liz truss just lasted 44 days the shortest serving prime minister in british history and king charles of course will be welcoming a new british prime minister very, very shortly. the best thing actually king charles iii is keep out all of the political debate. any intervention or expression of political opinions i think would be very damaging for the monarchy. king charles has a long history of political interventions on environmental issues. neil: i seen he has done that. why i was asking you can he be as his mother was? >> he got to be completely neutral. he has to be out of politics.

it will be difficult for charles to do this because his instinct is always to intervene. he cannot do that now as the monarch. he could do so as prince charles. he cannot do that as the king. and any kind of expression of political views or opinions here, i think would be very, very dangerous actually for the monarchy so i expect that king king charles iii will be certainly very careful in terms of any language that he uses over the course of the next few days and coming weeks. neil: i lied when i told you wouldn't mention "the crown." that makes me such a royal expert. nile, curious all hullabaloo, rumors the fifth season due out in couple weeks will include a story line that had prince charles at the time now king charles advocating for his mother to resign from the thrown. everybody has come out saying that never happened. this is creative license beyond anything imaginable. what's the truth of the matter?

>> yes. i read all the early reviews of "the crown" and they do indicate that prince charles gets a very, very bad press i think in the latest season of "the crown." there is suggestion as you point out prince charles spoke to john major asking about, whether he could become king at a far more accelerating pace and, now john major came out denying the story saying -- neil: former prime minister john major? >> say it is nonsense. former prime minister john major says it is complete rubbish. i suspect the story is completely concocted by the producers of "the crown" who have a good track record of weaving fact with fiction as we saw in season four. king charles will get a lot of very bad coverage as a result of the new season of "the crown."

clearly a lot of the new season seems to be pure fiction, certainly as the former prime minister john major suggests. neil: he doesn't look good in any of the seasons. i'm the royal watcher expert. you're a very close second. i appreciate that, nile. always good seeing you, my friend. thank you for schooling me. >> my pleasure, neil. neil: nile gardiner, the former foreign policy adviser under maggie thatcher. like lloyd, i don't know if he is a royal watcher but a darn good market watcher. >> thanks, neil. good to be here. neil: same here. beyond what is going on in britain, if you think about it, you have protests going on day after day in france over rocketing prices for pretty much everything. started with energy but it extended to everything, ditto worker strikes popping up sporadically in places like italy, germany. like the whole european couldn't ment is on edge.

i'm wondering if this is preview of coming attractions? >> it is. adds so much more uncertainty to everything else that is going on. our lives right now are very uncertain about the economic and market standpoints. i'm not an expert in uk politics but i don't think you need to be to have a lack of trust for politicians. i think people round the world are fed up with politicians pushing narratives and agendas and not looking out for the majority of their citizens. that narrative pushing, and that agenda pushing happens all around the world and from a economic and market standpoint i will give you this example, uk and europe in general is having worse inflation issues right now than the u.s. liz truss was literally pushing for massive amounts of stimulus during a time where inflation was running rampant. that is the came thing california is trying to do with stimulus checks. the pang of england has been raising interest rates while buying bonds. what is happening? are they doing quantitative

easing or quantitative tightening? are they trying to stimulate the economy or take liquidity out of the system? policymakers have been contradicting themselves for a very long time. this is affecting and will continue to impact people around the world and we have to pay attention to these things because we do live in a global economy. i think every issue out there right now comes back to the size of governments and how much influence they have in our everyday life. neil: you know what was kind of weird though about liz truss and what she was proposing, she was going back to maggie thatcher inspired tax cuts for corporations, for the wealthy, for everybody, but this time the markets revolted own her to say nothing of many in the party, in the financial community who thought this was not a good time to do that. i'm wondering, you know stimulus is stimulus of course but you would think tax cuts would be greeted differently, for example, than would more spending. what do i know? i am wondering republicans if they take over the house, some say now even the senate, they're going to go on trying to make

the trump tax cuts permanent, and i'm just wondering, if they will be stymied, even by markets that say the last thing we need to do in this country is to stimulator try to stimulate the economy. it is only going to make things more inflationary. in other words here the lesson here is go slow, what do you think? >> i think that's a great point, neil, and that is something you have to pay attention to with midterms coming up. i do think we need to live in a society where taxes are low, power to the people, right? the government is too big and they spend too much money and there is a time and place for everything, right? so right now all the markets really care about what the fed will do next. you stimulate the economy you have to hike rates more, right? i will give prime minister liz truss a props to her for admitting she was wrong. most politicians don't do that. i do give her props for that. >> very good point. >> but we do live in a time

where economic policy dictates economic prosperity. that lead to good and stable economic growth. bad policies lead to bad, unstable growth. we've been in a environment where economic policy is a mess. it has been like that for a long time, including massive amounts of stimulus. the issue, what many people don't realize it takes a year or two for us to feel those policies. that is concerning to my about earnings in the market. global growth is slowing, inflation is running rampant. took us two years after massive stimulus to slowing growth and inflation to go up 9%. it will take another year or so to fully trickle down to companies and earnings to ma trim late. we don't need to do that. neil: thank you very much, luke. you are a royal expert and i appreciate that. that will do that on particular subject. many emailing, neil, please, please do not do your british accent. kind of offended me because it

is coming from my staff. but i think that would be a cheap thing to do, i won't do it, not at all. i will pass along the fact that form i prime minister boris johnson get a load of this, see how i go back from british to american? he is flying back to the uk this weekend. daily at the graph it was after holiday abroad. now would be a good time to head back. now what does that mean? i don't know. we'll have more after this. ♪

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neil: president biden arriving in philadelphia. he will be in pennsylvania campaigning on behalf or at least working on behalf of john fetterman, the democratic senatorial candidate. apparently at the event itself. no cameras will be allowed. don't know the restrictions there, whether it is being enforced by the fetterman campaign but the president when he comes to a city raises a good deal of money. jimmy carter raised a good deal of funds for candidates coming. this will be a low-key affair. the president tends to be particularly persona non grata on the stomach given what is

happening with inflation and everything else. we'll monitor it closely. bryan llenas is in philadelphia with more. what is at stake in this pretty close senate race, sir? reporter: neil, by the way this is the second most expensive senate race in the country behind the race in georgia but as you mentioned the president coming to philly tonight to a closed-door fund-raising event with democratic lieutenant governor john fetterman. before that they will be both at an event in pittsburgh where the president will tout the financial infrastructure law. as democrats are trying to sell a positive message about the economy as the senate race here remain as tossup. the latest aarp finds fetterman's lead has dwindled to two points over republican dr. mehmet oz. it was a six-point margin back in june. the most important issue for pennsylvania voters is inflation and rising prices. the average price of a gallon of gas in the commonwealth is $3.94.

that is higher than the national average and up 42 cents from last year. this is have a lot of people starting to talk about energy and fracking. in 2016 fetterman called fracking a stain on pennsylvania. in 2018 he said he did not support fracking. now his campaign says he does and always has supported it. listen. >> yeah. fracking, you know i don't support fracking at all. i never have. and i have signed the no fossil fuels money pledge a. i believe as pennsylvania i support our energy independence and we need to do it in a very strict environmental regulation regulations. reporter: dr. oz trying to make fracking an issue says he would fast track financing and development for oil and gas companies. listen. >> when you say that fracking is a sustain on pennsylvania that is insulting to people hoe are making a living in that area. it actually destroys communities

and we drive up inflation because energy drives 1/3 of the total inflation that we see but maybe for most of us the most important reality it makes us subservient to our enemies. reporter: all of this as fetterman's health is still top of mind. his doctor released a letter saying he is doing well, has no cognitive deficits and can work with zero restrictions. neil? neil: i don't mean to bombard you with questions, brian, do we know who instituted this no camera policy at the event later on today with the president and fetterman? reporter: no, no, we don't. but obviously with these fund-raising events this isn't necessarily that rare but we'll find out. i saw you mentioned that coming in to me. i will make sure we find out to see who instituted that. the white house is kind of mum on this for sure. neil: could have been worse, brian. i could have asked you in a british accent. i chose not to do that, but you never know, never know. reporter: i have a terrible one. i have a terrible one.

neil: you and me both i'm afraid. bryan, thank you very much, want to go to mark penn right now, political genius, a great read of things. if you think about what he did with bill clinton and later on with hillary clinton finding a middle ground, moderating influence, made successful presidency for bill clinton no matter your personal views of his. mark, the rap it is the economy stupid and right now the economy at least for a lot of folks is not going as the president bills it and i would be curious to get your take on whether, even though the president isn't on the ballot he is on the ballot? >> well, what is on the ballot is the problems that everyday americans are facing. i mean take a look, neil, at what a typical midterm would be two years in. people would be it set about the president having gone too far, passed some legislation, whether

it was health care or whether it was the rescue act in this case. that would abnormal midterm and you lose some seats. now on top of that you add record inflation, rising crime, you know, millions of people coming in through the border, real problems that americans are facing, and feeling, that makes for a much more toxic stew relative to what i think we're seeing in the midterms and the president's ratings reflect, you know, whether it is 40% or 44%s or 38, they're significantly underwater. neil: let me ask you this, we know presidents sometimes humbled in midterm elections. bill clinton comes to mind, who not only saw the parade where it was going but after the fact led that parade. i don't know, you know these matters far better than i, whether joe biden, if democrats lose the house and potentially "realclearpolitics" sees it, the

senate as well, whether he will make such a pivot or even wants to, what do you think? >> well, i've been urging this pivot for pretty much the last year and it just didn't happen. what happened actually with bill clinton in '94 was his advisors said, don't worry you will do fine in the midterms. when it turned out the opposite of fine he changed his whole administration and did the pivot. it has been known here since really the afghanistan debacle this administration has been in trouble, these problems are brewing but this administration doubled down on everyone of them, you say petroleum reserve release is obviously mixed political signal. are they going to pivot after a midterm that doesn't go their way any don't see any signs. the real question confronting joe biden if these midterms go poorly, will he run for re-election that will be the

decision that is more important. i don't think personally if these are really bad midterms he will but i could be wrong. if he does, it is pivot or lead the party into a second debacle. neil: whether a politician is on the right or the left, mark, i mean a tin ear is deadly if you don't relate or feel people's pain as bill clinton famously did. for whatever people think of bill clinton he was very good at keeping laser-focused on issues like the economy, it is the economy stupid, i feel your pain and trying to relate in a way that could make that a force and learn lessons from when things didn't go his way, like the '94 midterms and get reelected appreciably. if joe biden isn't that guy, who is? >> well, look, i don't know what is going to happen. clearly the administration's policies have been to say there

is what inflation? what crisis at the border? it has been outright deny problems that 60, 70% of americans see. if it is not joe biden, i don't know yet who is going to emerge from the democratic party. i do think that the vice president harris stands probably a 3/4 chance of being the democratic nominee. neil: what about hillary clinton? >> she will have to really figure out -- i don't see hillary coming back in you know. neil: yeah. >> i think that you get a certain number of chances and they don't give you another chance. i think america wants to look forward. look, i do think newsom is not in a bad position to come with the nominee. andrew cuomo was in a great position until he got taken out in new york for his own personal actions. there isn't, there is a generational vacuum in the democratic party, right? that is a real problem for the party at this point. neil: but liz truss proves that

people can turn on you, even your own party if they don't like what you're doing, right? i'm wondering whether republicans should feel so cocky in this environment where they might you know, score the house and maybe the senate but it is not as if things could turn on them as well. your thoughts? >> yeah. usually what happens is if you're in power people turn on you. when you're out of power actually people getting together and figure out how to get back in power, right? neil: you're right. >> so it's a little, right. that is kind of the irony of the way it is. so, with liz truss and i am actually the last successful labor consultant in britain with tony blair in 2005. again, brown turned on blair when i think the, at that point the labour party was headed for, you know, long-term governance of britain. just as the conservative party

has been headed for long-term governance of britain except internally they have collapsed, right? so -- neil: that is a good point. >> what happens if the democratic party takes a shellacking you will have a replay what happened with bill clinton, the party will have to rethink its strategy to get back into power and hopefully move back to the center if that in fact happens. neil: yeah. better to be on the inside looking out than on the outside looking in, to try to keep to that if you do get in. mark penn, always great talking to you. thank you very much. all right, meantime we have the dow up 58 points. it is a slid a lot of advances early on. might be because interest rates are backing up again. we were last time i checked at almost 4.15% on a 10-year note. that is not good. ♪. (fisher investments) it's easy to think that all money managers are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how?

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>> this is affecting everything

from running a business to all the way to food prices and in between. people have to make decisions between eating and heating and that is really unacceptable. so if we do not catch up to the price increases, my inventory will shrink to a day where i have to close and maybe that is what the president wants. neil: i don't know about you, doesn't look like an oil industry fat cat to me as most gas stations in this country are mom-and-pop affairs but the portrayal of these very gas station owners as oil industry itself as pampered grey poupon lot that has a tin ear to your needs has really got into the point those in the industry, whoa, hold on, hold on, including my next guest, dan eberhard, canary ceo. big in the oil arena, no doubt offended by what you're hearing. the president said among other

things guys you look could be doing and should be doing a lot more and you're not, what do you say? >> the price gouging stuff coming out of the administration sprung from elizabeth warren's ear. the guys in the oil field are hard-working guys. we're not profiteers. neil: that has never been proven. 40 years of government eggs haves, that never happened but he planted that seed as he did during hurricane ian to say don't you dare gouge people as. >> yeah look the guys i know in the oil field are hard-working guys. guys obviously want to make more money, overtime, whatever, there is not price gouging going on. 95% of the gases stations are mom-and-pop, owned by small business. they're not owned by the oil companies at all. and the industry -- neil: i'm sorry to jump on you. one of things he quickly seized on the oil prices coming down, gas prices not, he reverses oil prices are going up, the gas prices don't take a nanosecond as well.

what do you say? >> you can't have it both ways. in actuality this spr release is just an absolute bad policy here for us. because it is like we're spending the credit card during the election season. come next year, the government is going to be fighting for consumers to find the same barrel of oil, buy the same gasoline to fill the strategic petroleum reserve. this is going to be anti-consumer behavior after the elections in 2023. so to me it is all electioneering. we weaponnized the strategic petroleum reserve at a time china is building theirs. we don't have it available for energy security needs and bad -- neil: down to 400 million barrels. 700 million. it was at 600 million or so before we started all of this. like you say, that is meant for an emergency, an act of war or worse. >> it's a 44-year low. neil: that makes us pretty vulnerable? >> absolutely. neil: what do you see happening? >> well look, i think they're going, i think they're going to spend 2023 replacing 24-dollar oil with 80-dollar,

90-dollar-barrel oil at taxpayer expense. it will push, put a floor on the price of gasoline prices next year which will hurt consumers. the biden administration is not talking about that. instead they have just weaponized it for political reasons. nakedly political. they are trying to put more oil on the market right now to lower the price before the election season and it is not even working. to me a government solution to add more supply but what we need is an industry solution. look we've got more oil in north dakota, more oil in texas, more oil in oklahoma why are we giving away the strategic stockpile and spending our savings account? neil: he says you have permits, licenses up the ying-yang, quarter of those are protested by environmental groups, hanging up in court for potential years to come. what do you say about that? he is not doing that. >> canary, we want to grow. you know what we got trouble with this year? we can't find good people.

we have good people. hard to find pickup trucks. there is not enough frack sand. there is not enough rail terminal capacity. we have the same supply chain issues. the rest of america has. also the administration just keeps throwing a wet blanket us policy wise. they don't want oil to come from the u.s. more oil from the middle east, venezuela. neil: there is irony to that. were you surprised the saudis did what you did. they have us quite literalry over a bear, right? >> they do. they do. not all, they're looking out for their long-term interests. they're worried about the worldwide economy. the saudis right now are developing markets with korea, with japan, with china for the future, you know to be therapy future customers. they're not worried about the u.s. they're obviously not worried about what biden wants. i think it is hypocrisy wait a month to raise the price. to raise the price and contract the supply. well that is not what american needs long term anyway. at best it's a bandaid. neil: do you guys hold back?

the president likes to argue that you're making all these record profits and of course no one was saying boo, 30 months ago, when oil was negative and you were losing, you know, money and workers hand over fist. that's politics i get it. but do you worry that the impression is, or now, they're not sharing the loot with their customers? >> not at all. business has to make return on profit, pharmaceutical business or hamburger stand or you own a transportation company, whatever, businesses are -- neil: administration is gunning for your -- >> they're all about going after us as is elizabeth warren and her friends on capitol hill but look the oil industry -- neil: apple can make a ton of money off of iphones, devices percentage of revenue much more than the oil industry no one picks on them. >> their profit margins are way higher. big tech profit margins are way higher than them. oil industry is vilified.

40% of your cost of plane ticket is the cost of oil. 40% of cost of uber is the price of oil. 5% of cost of amazon is cost of oil via transportation costs. neil: do you see the president pivoting on this issue? >> no. neil: he hates you guys, always look hate you guys. >> no looking for d.c. based solution for a market based problem when the north dakota -- neil: you guys stick it back to him. you treat us like this, we'll not do anything to help you. >> we're a business taking care of employees make a little bit of money moving down the road while the economy is half decent. we keep getting vilified by d.c., vilified by the administration. reality america is powered by energy. the fossil fuel industry, we'll have to have a transition period to get to carbon neutral. neil: meantime all in on everything, right? >> it only works to the point, this transition powered by oil, powered by natural gas. neil: want to give you the chance and industry a chance, you don't hear much of that, in

the traditional media right now, put it in perspective we can remember a time we were in negative territory. i can remember them in the early '80s when the industry was losing money hand over fist. oil prices were collapsing, wildcatters were going out of business left and right. certainly as dan was pointing out, much of texas was going out of business. that was then t could happen again. stay with us. ♪. ♪ what will you do? ♪ what will you change? ♪ will you make something better? ♪ will you create something entirely new?

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♪. reporter: welcome back to cavuto "coast to coast." i'm madison alworth. i'm standing in an empty office building something you see across new york city as businesses rely more heavily on remote work. that is why this floor, this entire building is going to be converted to rental apartments. it is a solution for both empty downtowns and the housing crisis

with shortage in rental and homeownership. this building, 55 broad, was purchased for $170 million from sill h silverstein properties as well as metro lost. metro lost has been doing office to rental conversions since 1996 of the they say requests for conversions are up tenfold in the past two years. >> a lot of owners are coming to us because you know, these buildings need to be repurposed. they are just not going to make it as office properties for the next two, three, four, five years. >> people are unsure how to lease the buildings. if they're unsure bit, someone comes in to convert it they will take that opportunity. reporter: silverstein has made its name in commercial real estate with builds like the world trade center. this will be the first conversion to rental and they would like to do more but there are zoning and age restrictions. you look at other cities providing incentives, chicago is offering financial help to

developers that will convert office buildings in the lasalle street corridor to apartments. you know there is also a huge benefit beyond just, you know for people that own buildings like this, but also from environmental and time standpoint. environmentally you use the raw materials you reuse them. timewise so much faster. they expect to close on this building first quarter of 2023. 12 months later someone will move into the bedroom maybe right here. that is how quick something like this can happen. more "coast to coast" after this ♪. another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions

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neil: you know we are not the only ones focused on our midterms. right now given comments out of kevin mccarthy who could just become the next speaker of the house so are the ukrainians, i kid you not. implicit in some of kevin mccarthy's remarks, a talk there will knob longer blank checks going forward. it is not a gimme every financial or weapons request would be granted. that is how it is interpreted. latest from general jack keane what he makes of this. general, his clear signal was that the open checkbook stops. i don't know if he acts on that, but what do you make of that?

>> he clarified those comments, he said no more blank checks, people thought he no longer wants to support ukraine. he may indeed be shutting some of this down. that is not the case. what he wants, and it is very understandable, is accountability. he wants to make certain that the weapons we're getting to the ukrainians are getting in their hands. we do know there is significant corruption in ukraine. that is a historical fact. he wants to make certain there is a system in place to insure that kind of accountability, he is still very much in support of ukraine and what they're attempting to do with the russians. i don't see this as the negative thing since he clarified it, his comments, neil. neil: i did listen to the clarification, general. here i will slightly depart from you with great respect. we're on remote you can't get angry at peif you were here on the set but one of the things i noticed, general, this idea, many in his party are angry

about the amount of money we're giving ukraine. there are a number of florida republican congressman after ian saying where is the money for our state? there is no quid pro quo on this stuff. of course money from hurricane relief comes fast no matter who is president as it does in relief from ukraine but there seems to be a bit of a brush fire among some conservatives that enough is enough. does that worry you? >> well, certainly it does but listen, those thoughts have always been there. >> yeah. >> i respect them. these are people who are opposed to spending and particularly if that spending in their minds is not justified. we certainly seen an administration here absolutely gone over the top in terms of spending. we have a federal budget that is now at $6 trillion. the military assistance, just so our audience understands, that it is going to ukraine is somewhere in the neighborhood of 18 billion out of a

6 trillion-dollar budget. and the 18 billion is really what happens here is we give the ukrainians ammunition and equipment from our stockpile, that we have to buy that back and replace it. so we go to our u.s. defense industry, with this money, to build back that system so we can put it back in our stockpile. that is u.s. defense industry getting american dollars and american workers, getting those american dollars. believe me, that is far less than 1% of a 6 trillion-dollar budget, neil. neil: where do you think this ends, general? i always like to end it with your thoughts where this goes? >> well i think the ukrainians have huge momentum here and the russians are unbelievably vulnerable. as much as we've seen, problems in the past with the russian military, they are certainly exponentially greater than

anything we could have imagined. even the mobilization they're conduct something not going well. putin is trying to stall activities certainly by attacking the ukrainian people, annexing territory and trying to claim a territorial victory in doing that and that is not happening. the mobilized forces coming with not properly trained, very low morale, and joining a unit on the ground that is very much the same. ukrainians, neil, have the opportunity to roll these russian forces up. we got to help them do that with equipment and supplies. neil: none of these questions would be asked if you were here in the studio but you're not. general, always good seeing you. thank you very, very much, general jack keane on those developments. we have the dow barely budging. we're back to even money. what is going on? we're on it. ♪.

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