tv Cavuto Coast to Coast FOX Business October 28, 2022 1:00pm-2:00pm EDT
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licensed humana sales agent will walk you through your options, answer any questions you have and, if you're eligible, help you enroll over the phone. call today, and we'll also send this free guide. humana. a more human way to healthcare. stuart: it is by day. see what i did there? friday, by day. music to my ears what is happening right now across the board. looked like it would be decimated when amazon and apple came up, perceived as bad news in amazon's case. on the upside, a reassessment with apple, 7%. kelly o'grady taking this in with the latest.
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>> reporter: i finally get to give you some good news on friday. it is a whiplash we kept it is will take earnings but it feels like investors woke up and chose optimism, the dow, s&p 500 and nasdaq all up, the dow over 700 points. couple market movers to touch on, apple is helping to stop this week's bleeding, they reported record revenue. continuing the pandemic street, sales and services keeping light. we need to keep an eye on the holiday season, the jury is out whether the iphone is recession proof but they are on pace for one of the best days since september 2020. taylor two tech companies. amazon is dragging after disappointing earnings, stock is down, it was down 10% but it is 8 and 3 quarters now but down on recession concerns and fears that inflation see that efficiency has the e-commerce bids. i want to talk about chevron
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and exxon. exxon had their most lucrative quarter. they are doing well. chevron topping estimates as we go into a winter where home heating bills will be higher. you see in a recession with recession fears people move to safer industries like oil and energy versus tech. switching gears we have new housing data. pending home sales, a measure of signed contract on resisting -- existing homes dropping worse than expected, 10. 2%, we expected a 4. 9% decline, the lowest level since june of 2010 excluding april 2020, the beginning of the pandemic, sharply higher mortgage rates setting at record lows for the first 2 years of the pandemic and inflation put strain on first-timers. the fed meeting will happen
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next week so that will be interesting to see how markets work. neil: aishah hasnie, we are getting word next week the fed will raise interest rates just days before the election. what are you hearing? >> reporter: democrats are vulnerable to losing their house majority, not the news they want to hear just days, a week before the midterm elections. democrats, senate democrats are actively pressuring the fed chairman to not raise interest rates saying it will increase unemployment and hurt american families. senate banking chairman brown and senator hickenlooper sent a
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letter to jerome powell, hickam looper --hickenlooper wrote that raising rates now when prices may come down would be foolish and damaging to american consumers and small businesses. house majority leader hoyer took a step further hitting the fed and republicans and our class altogether when praising the new gdp numbers, no help from them. no one is taking ownership on sky high inflation, the fed raised rates 5 times since march. americans have a tough time buying a house, some having to use credit cards to pay for bills like rent and having to trim down their holiday shopping list, democrats are campaigning on how they are spending has helped families over the past 2 years,
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republicans say the blame does not just lie here with the central bank. >> they are taking steps they believe are necessary but here's the challenge. they are at odds with fiscal and regulatory policies, president biden's fiscal policies and regulatory policies are making the fed's job harder to rollback this pernicious inflation. >> reporter: you see democrats trying to prevent this happening. at least in the days before the midterm election. just not the timing anyone would want to see. neil: i want to go to bob dahl. i know i don't look that old but he's one of the most learned and good souls, explaining it to adults like
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me, and equity strategists serving in that capacity, helping folks out there as chief investment officer but bob can go a step back, invested on their behalf, so it is very good to see you. here's a stupid question right off the bat. our investors be leaving this? the high in the day and a good week and so far good month for the markets, a sign they are coming back. >> you are too kind. i would argue, a breath -- the fed doesn't have a lot further to go. inflation has peaked. earnings are coming in less bad than feared. maybe i will buy a few stocks, that is what is going on.
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you may remember from mid june to mid-august we had a 15% run in the s&p, 20% nasdaq. it was a bear market rally because we cannot solve our problems. we cannot solve our problems yet. i fear this is another bear market rally. neil: you look at other things, no denying where the fed goes, seems to be given that next week is a 3-quarter point hike but the overwhelming bet that we will see that in december has gone from 70% to odds around 40% or less. where are you in december? >> 75 next week, 50 in december and hopefully we have done a lot in a short time. let's see what the impact is. monetary policy operates on a long unpredictable leg and if they go too far too fast, they will put us in recession so i
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hope not. neil: say they slow things down. to your point, worrisome inflationary numbers but they are not as worrisome as they were a month before to annualize things. to your earlier point the numbers don't look as bad. do you think this is a sign we are through the worst of it? >> inflation is no longer going up but down. the fed wants inflation at 2%. we got used to inflation at 2%, seems like forever. what they have done so far inflation is not going back to 2%. the fed will find to that intolerable with more work to do. neil: back to the individual investor. investing on their behalf. the argument is they are not going to be keen about their monthly statements, their pension statements. in many cases just days before
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the election. >> that is troublesome but we are on record that stocks are higher on december 31st than they were but not by a lot. they have not gone very far but back to the earlier story, the key words to me were the week before the election. there is plenty of blame to go around, the fed waited too long and dropped trillions on the economy and kept interest rates 0 too long, that is monday morning quarter back but the other part of washington dc how many multi trillion dollar bills did we pass? we know inflation, definition, too much money to chasing too few goods. inflation, no surprise at all, harder to get rid of it than to bring it on. neil: for a lot of people dealing with investment body blows never got rid of their
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amazon or apple or microsofts are all the big names, and now they are waiting for them to come back and a margin squeeze on some but for the most part they are hanging on to those issues. is that a good idea? >> the majority in price decline, we've got more time, a lot of churning. as a portfolio manager, i let a little bit go, and stocks are down, it is too late to sell en masse but not too late to play the trades. stuart: the latest border was an uptick in economic activity, 2.6%. we saw similar numbers a couple quarters of weakness in germany and france so it gets back to
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something you mentioned. this idea there might be a recession but it might not be as bad as we feared where it has come and gone already. >> i would say third quarter gdp was misleading. we had two negative quarters that were better than the third quarter in many respects. consumption is slowing down. recession, yes or no, you tell me. is the fed going to insist on 2% inflation? if the answer is yes i don't see how we avoid recession. neil: good catching up with you, you are not aging but i am. thank you. bob doll following these developers. more details on the attack on nancy pelosi's husband, violently assaulted by an attacker and apparently he had shouted on coming into the
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home, where is nancy before beating the hell out of paul with a hammer. he is expected to be okay and is in the hospital recovering, nancy pelosi was not there at the time. authorities will update us on this. more after this. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire this isn't just freight. these aren't just shipments. they're promises.
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neil: we are familiar with vaccines and boosters for covid, for all types of flu but there's a vaccine for cancer, not quite as generic as that. working in conjunction with biotech on a cancer vaccine that could be ready by 2030. maybe you can elaborate. >> let's talk about vaccines for a minute. when we think about vaccines, they are preventive and are the ones that are the best are measles, mumps, rubella, whooping cough and rubella, you will never get those diseases. the covid amrna vaccine can be preventive for some people but it can certainly reduce the
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toxicity of having the virus. how does that relate to the possibility of cancer viruses? we do have one preventive cancer, and that is for cervical cancer and head and neck cancer and it is the human papaloma virus that causes those cancers. that vaccine should be given to all our children. unfortunately, in massachusetts only 50% of children receive that vaccine. i want to make that clear. it is a shout out for making sure your children get the hpv vaccines. that is preventive for cancer. covid amrna vaccines are
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against viruses as are most of vaccines we have. some of them can prevent you ever getting that infection, some like covid 19 may prevent it or at least reduce the toxicity of it. what about cancer? let me divide it into preventive cancer vaccines and therapeutic cancer vaccines. that is like the hpv vaccine but we are engaged in making therapeutic vaccines. these are for people who already have cancer and we are trying to attack and activate the immune system so that it will kill off those tumor cells. neil: say you have cervical
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cancer or related cancers, you already have it, the vaccine could also mitigate it. >> we made vaccines at the dana farber center for personal vaccines. let me say a couple words about that. doctor kathy wu has made a melanoma vaccine that is therapeutic and she started with several patients who had stage iv metastatic melanoma which was skin cancer and all other drugs they were given were not sufficient to control melanoma so she made a personalized cancer vaccine for each of these patients who were at death's door and now a median four years later those patients are still alive and well.
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it can be done. doctor wu is making a therapeutic vaccine for blast oma, which is brain cancer, ovarian cancer, kidney cancer, lift up -- lymphoma. therapeutic vaccines can treat cancer now. we all want to prevent cancer. that is not going to be easy because no two cancers are alike. neil: this is promising nevertheless and i look forward to having you back to discuss the details but for a lot of people who get scared as soon as the diagnosis comes up, the first promising news we've seen on that front in quite some time. we will keep you posted on that. on the corner of wall and broad, but thick of what the doctor said, it supersedes things like money and what is happening with the takeover at
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neil: no sooner did he take over twitter then he started firing executives to get out the door but he did what elon musk does right now. what happens now? charles: can you pay me to leave that much money? neil: i would do that. how amazing is that? charles: he is a showman with a theatrical side. there's no love lost there is no love lost between the two sides.
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they didn't like him from day one as the saga began. then resigning from the board, leave it off at $44 million and somewhere along the line i'm losing money on tesla and markets are turning against me. as we reported, wanted to pay less but locked himself in. the court case was not going down so well. i thought they would settle for less but they are playing hardball and they won, twitter won, forced him to go to chancery court where they adjudicated and he was going to lose so he's paying $44 billion which is a lot of money. i asked dan ives about this. he has taken it private with borrowed money. it is -- you and i will member this -- lbo.
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remember those days in the 80s? it is a heavily indebted company with more data on the books. dan ives said the musk twitter deal is the worst lbo in tech history. it is $44 billion company depending who you talk to. dan ives says it has enterprise value of 20. it is a bad company for private equity which you want to sell because it has no cash flow. when you are trying to fix stuff it is hard to fix stuff when you have no cash flow and they have negative cash flow. they have to lay people off. twitter is a capital-intensive company. it seemed seamless when tweeting at each other, people
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cursing at me. but the technology -- neil: that is just -- charles: the technology to make it work is very expensive. obviously twitter is better private and fixing it is better private because shareholders are reading it but as dan said every banker i talked to said it is a herculean task to fix this thing. maybe he is the guy to do it. neil: in 89 it was before the big crash. they are hard to pull off. neil: it is a $44 billion deal for company like that. neil: thank you. this normally isn't a business issue but i want to go to what they are having in california on this attack on nancy pelosi's husband.
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he's okay but the attacker is looking for nancy pelosi. listen to this. >> good morning. we will go ahead and get started. my name is chief bill scott with the san francisco police department. at 2:27 this morning san francisco police officers were dispatched to the residents of speaker nancy pelosi regarding in a priority well-being check. when officers arrived on scene they encountered an adult male and ms. pelosi's husband paul. officers observed them both holding a hammer. the suspect pooled a hammer away from ms. pelosi and violently assaulted with him. our officers it tackled the suspect, disarmed him and took
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him into custody, requested emergency backup and rendered medical aid. the suspect has been identified as 42-year-old david depeppe. they were transported to the hospital for treatment. this is an active investigation currently being led by the san francisco police department special investigations division. we are working with our partners, the us capitol police and our district da brooke jenkins and her team. the motive for this attack is being determined. mr. depapewill be booked on attempt at homicide, assault with a deadly weapon, elder abuse, burglary, and several other felonies. before i go any further i would like to thank the responding officers for their swift action this morning. those san francisco police
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officers are officer kobe w wlnes, kyle cagney and edmund ho hoyne, heather grimes is standing here, our emergency dispatcher, a really amazing job. for inquiries regarding mr. pelosi and his condition we refer you to the statement by speaker pelosi's office this morning and with that i will turn it over to district attorney brooke jenkins for a few brief comments. let me say in advance this is what we know at this time. we will update you further but we cannot take any questions after this statement. >> thank you, i want to commend the police department for their immediate response to this home and swiftly making sure mister pelosi was okay and the suspect
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was apprehended. we are working with them with respect to the investigation and will proceed with the appropriate charges as things unfold as well as work with the us attorney's office and our federal partners, thank you. >> thank you all for being here. i know that we will update you when we get more. >> that is it for right now, we will not take any questions. our office will issue a news release very soon but that is it for now, thank you. neil: we were hoping to get more details than that. there was an attack on nancy pelosi's husband, paul pelosi, 82 years old. a man stormed into the house and was looking for nancy. where is nancy? where the hell is nancy, referring to the speaker.
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he went after paul pelosi with a hammer. from the police chief, when police did arrive on scene it would appear both of them had a hammer at the time. we do know paul pelosi is expected to be okay, recovering at the hospital. nancy pelosi was traveling at the time. this follows on the heels of other politicians, lee zeldin in new york, multiple attacks or attempted attacks on him on a campaign stump, going after him with a switchblade type device and another time shot outside his home, not targeted for him but his daughters inside the house were scared as you would be but it serves as a reminder, the very nature of this, crime doesn't draw discussion between parties but hits everyone and anyone. when it is the speaker of the how to get attention, and her husband.
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neil: i want to update you on a development concerning the speaker of the house, her husband, paul pelosi was attacked in his home, violently assaulted with a hammer, a 42-year-old who had broken into the pelosi home in san francisco and asked where nancy pelosi was. he has been taken into custody. paul pelosi himself was banged up a lot, is in the hospital, expected to make a complete recovery. nancy pelosi was in washington dc with a protected detail at the time of the break in. i assume there was no such detail for her husband back at her home since she was in washington but all this comes when the crime issue like
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inflation and everything else, pretty fair and balanced are better when it comes to attacks on republicans and democrats alike, criminals don't seem to distant wish. steve harrigan in college park, georgia, where big guns are coming to get out the vote for respective candidates. republicans do that, democrats do that, democrats, barack obama, their ultimate big gun, to close the deal, and with this backdrop of crime as an issue, not as rampant in the state of georgia or the atlanta area as it is in other areas but a big issue front and center. steve in college park with more. >> reporter: they are bringing out barack obama. it is 6 hours away but the lines are forming, democrats here in georgia are hoping he will bring a burst of energy and boost turnout. they expect him to frame this
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as a battle against extremism. this recent event might play into that. former president obama has remarked this is a struggle against extreme gun laws and extreme abortion laws and he's backing both senator rafael warnock and stacy abrams. abrams out on the campaign trail is saying republicans want to do more than that, take away peoples right to vote. here's abrams. >> they would have spent so much money telling lies if they didn't know we were so close to victory. i do want to give him credit for one thing, kemp may not be helping but he's good at one thing, attacking our freedoms. >> reporter: it is no accident in this battleground state, it is not president biden who is coming but former president obama. brian kemp, the current republican governor who won that election, is trying to link abrams to president biden every chance he gets in
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campaign advertising. >> stacy abrams backs joe biden totally, unquestioningly. in georgia brian kemp stands his ground, cowers to no one. he brought jobs, cut family taxes, buttoned our schools. >> reporter: the enthusiasm on both sides is strong. early voting breaks records every day. more than one in 5 georgians have cast their ballot. neil: thank you for that. steve was wrapping up. we are getting more details about the tiktok on this attack on paul pelosi. police arrived at 2:twenty seven a.m. san francisco time. this was part of a priority check that had not been an incident but brought to their attention, something they wanted to routinely do. don't know much more than that.
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when officers arrived on scene they encountered an adult male with paul pelosi, both holding a hammer at the time. this adult male, 42 years old had clearly violently assaulted paul pelosi, whose 82 years old. he was roughed up pretty badly. they don't detail all the injuries he took but already they charged the attacker with attempted homicide, elder abuse, assault with a deadly weapon. police did not field questions. there is a lot we don't know but we do know this is the husband of the speaker of the house, third in line for the presidency. it gets the attention it is getting because of that but it is a common theme, not only attacks on politicians, snl comedian was punished leaving 30 rockefeller plasma last night. these things play out again and again.
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average folks on city streets and elsewhere, it is a familiar pattern and a big issue this election year. the independent women's forum senior policy analyst, hate to drop this on you but talking about the campaign at the state of things but this is central to the campaign this year, our safety. what do you make of it? >> reporter: your right to frame it this way. we hope for a good recovery, chances are high for paul pelosi but the pelosis usually have a lot of security at their house. there's a lot of questions about the incident you laid out. interesting facts of this. we don't know what happened yet. as you cut away to the press conference we don't know the motives. speculating on that is too early. we hope he recovers well but you are right to point to the fact a lot of americans don't
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feel safe in their homes. there is rising crime in most urban areas including san francisco and even somebody with the kind of security aside from the speaker herself who has government security, the kind the pelosis can buy for themselves, they won't get the kind of response from san francisco pd the was outlined in that press conference. neil: inflation and soaring prices, the number one concern in poll after poll in these battleground states. it seemed early voting, unusual for a midterm election year let alone a presidential election year but when talking the philadelphia area and where i'm in new york city area crime goes back and forth. it is one big reason so many new yorkers have yet to return to their office jobs, nothing to do with covid though traffic is part of it but a lot to do with crime and how safe they
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are. do politicians appreciate the magnitude of that? >> it depends which politicians you are talking about. it is a large reason that lee zeldin is in the race in a way no one anticipated he would be. democrats are having a hard time delivering it tough on crime message because just a few months ago they were saying the opposite. a lot of democrats are backing away from the message about defunding the police, tamping down on police budgets instead of ramping them up. it is an issue that crosses political boundary lines and something a lot of democrats in big cities are concerned about and want to hear politicians talking about. if democrats are unwilling to do it convincingly, you got a lot of democrats considering especially independents considering looking at the republican party over the issue of crime. it comes up in issue surveys, not the number 2, not the number one issue, they tend to
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be economic about two issues that consistently come up, crime and immigration actually which no one talks about either. neil: i knew i could throw something at you and you knock it out of the park, thank you very much. some news organizations are peaking at other coverage of this drawing parallels with this where is nancy demand on the part of the attacker with some of the calls on january 6th, rioters who assaulted the capital, some screaming her name, barging into the capital, there is no connection. that is probably a leap too far. we leave it with the news we have, others can draw parallels and nothing to indicate that, keeping posted on paul pelosi, 82 years old. he will be okay.
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neil: i'm not into the world series this year. i love houston, philadelphia, and covering the world series. i'm so into the world series. connell mcshane, a big deal when the national correspondent is out there and quite the event, one of the greatest world series ever. take it. connell: i will hype it up the best i can. these are two different teams. the houston astross come in, winners of 106 games with the regular season, the phillies just 87. that is the widest gap we have seen in winds between teams in the world series since back in 1906 was the old sports cliché.
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you can throw out the record books in situations like this. the phillies had a dramatic win, bryce harper in philadelphia knocked the padres out, what a moment that was. and a shot against the astros and all their star players and all the rest. this houston team has not lost a single game so far this season. as they were working out last season we had a chance to speak for a few minutes with mister october himself, reggie jackson, now an advisor to the astros. >> this is my 15th world series between the oakland astros, it is a comfortable place for me and i think i am very grateful. i show up with gratitude because it is a special place to be. there are 30 other teams that would like to be here.
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connell: only two made it. there's a lot of demand to see those two. the ticket prices, 1500 on average for games one and 2 in houston, the price goes up in the secondary market once the series shifts to philadelphia for game 3 but got to get through game won first. the best-of-7 world series and as you may have heard it is on fox. neil: i am glued to it. that was great getting reggie jackson. rick -- alex rodriguez, he is mr. manny. depends when you are hot. connell: don't tell arod that. reggie, the hat he was wearing on the back of the hat it says mister october. everybody knows whose hat it is. neil: thank you, connell
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mcshane. mores in the world series. i want to bring your attention to the corner of wall and broad, the dow jones industrials racing ahead. all the technology stocks and the nasdaq, they have shaken not a lot of concerns about amazon and apple and the knee-jerk reaction that they are damaging microsoft or google would be damaging. what to make of this? some say it is her turn and sentiments, others a tech bounce. gary kalpaum, what do you think? >> reporter: away we go right now, we rally in the summer. we have more to go here. i am a big believer in apple. every dollar is $16 billion, up $200 billion in market. even though the numbers were pretty pedestrian and guidance
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wasn't great, the combination of how far down we were, interest rates behaving for the first time in a wild, the fed leaked they would be slowing down. that is why it is getting a reporter. the combination of that is doing the trick and we have higher to go until the end of the year. how much not sure. neil: of 3-quarter point hike next month but less so for similar hike in december. what do you think? >> reporter: i'm 100 pursuant --% sure on the record point. and slowing down, not sure about the number but the word slowing down, something to that effect, the markets, i'm sure we are going to get it. neil: maybe a half point hike. >> even a quarter. interest rates have started to come back down and they are watching that closely. neil: thank you very much, my friend, we have the dow up 768 points. i'm so glad we did this.
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go wind turbines. go gorgeous reliable grid. go emerson software. go science people. go breakthrough meds and safe science. go space age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainable. go boldly. emerson. and i'm going to tell you about exciting medicare advantage plans that can provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare you are covered for hospital stays and doctor office visits but you have to meet a deductible for each, and then you're still responsible for 20% of the cost. next, let's look at a medicare supplement plan. as you can see, they cover the same things as original medicare, and they also cover
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your medicare deductibles and coinsurance. but they often have higher monthly premiums and no prescription drug coverage. now, let's take a look at humana's medicare advantage plans. with a humana medicare advantage plan, hospitals stays, doctor office visits and your original medicare deductibles are covered. and, of course, most humana medicare advantage plans include prescription drug coverage. with no copays or deductibles on tier 1 prescriptions, and zero dollars for routine vaccines, including shingles, at in-network retail pharmacies. in fact, in 2021, humana medicare advantage prescription drug plan members saved an estimated $9,600 on average on their prescription costs. most humana medicare advantage plans have coverage for vision and hearing. and dental coverage that includes two free cleanings a year, plus dentures, crowns, fillings and more! most humana medicare advantage plans include a silver sneakers fitness program at no extra cost. you get all of this for
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as low as a zero-dollar monthly plan premium in many areas; and your doctor and hospital may already be a part of humana's large network. there is no obligation, so call the number on your screen right now to see if your doctor is in our network; to find out if you could save on your prescriptions, and to get our free decision guide. humana, a more human way to healthcare. neil: all right. many and out of session highs, we're also showing you nancy pelosi's home in san francisco here. her husband's going to be all right. some, you know, brain surgery issues that might have to be addressed, they'll keep him there a while. growing questions as to why this kind of stuff keeps happening. here's charles payne. charles: thank you very much, my friend. have a great weekend. good afternoon, i'm charles payne, and this is
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