tv Cavuto Coast to Coast FOX Business November 10, 2022 1:00pm-2:00pm EST
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it was. [laughter] isn't that awful? my voice is awful, and this is why, well, it's a long story. never joined the church choir. you don't need to hear my issues. what you need to understand is we've got a lot of people buying at the corner of wall and broad, but not as many. we were over 1,000 points and still nower -- we are up about 800 points. a little bit weaker than expected retail inflation point, in other words, what you and i pay for. we're paying about 7.5% more than we were last year at this time, but that's versus about an 8.2% club we had in the prior month -- clip we had in the prior month. people seizing on that saying, well, the worst of this is behind us,'sing from levels that we found eye-popping and is a sign to some that the federal reserve doesn't have to do the as much or as often and reason enough for about 90% to bet the
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next rate hike will be about half a point when the fed if regathers in december, their final meeting of the year. no way on knowing whether this reality is reflective of that, but let's go to luke lloyd on this, jim by bianco on this. luke, whether the markets are getting it right, that maybe this is a sign that the fed can cool it for a little while, what do you think? >> technically, neil, the markets can never be wrong, right? but the market can be irrational. i think today's move iser irrational. investors need to understand until we get a deflation read month over month, inflation isn't slowing down, so there isn't much to cheer about. a lot of markets are focusing on the 7.7% year-over-year headline number, no one's talking about the .04 month over month number. high ticket items being impacted
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by a slowing housing market. what isn't slowing down are grocery are costs and energy costs which is what the majority of americans spend their money on, right? so when you look at the fed funds futures taking out a 25 basis -- out of the terminal rate going forward, i don't think that justifies today's move in the equity markets. combine that with, actually, low volume on the s&p 500 and low volume on the investor world like the fang stocks, i think many people would agree in and are buying this news. neil: all right, well, you've already just depressed me. the fact of the matter is, jim, the core rate which takes out that volatile food and energy component that luke was alluding to was three-tenths of a percent in the latest month, a lot less than thought. on an annualized basis, about 67.7%, again -- 6.3%, i apologize, less than thought. now, still high and still going and getting to be more of a problem, not less of a problem, but not as much as it had in
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prior months. that, i think, is what a lot of folks, again, might be jumping the gun on and celebrating. are you? >> yeah, no, a lot of people are jumping on that. and you're right, 6.6% was last month's core. that was the highest of the cycle. you've got to go back 40 years to find another one that was higher. this one's the third highest that we've ever seen in 6.3. the month before was 6.5. wall street is a junkie, and it wants its drug, and its drug is cheap money. so it's looking at this cpi report as the de facto fentanyl, and it saw a miss on the headline numbers, and it got all excited that the fed is going to back off on the rate cuts. doesn't matter what the economy's doing, what earnings are going to do as long as jay powell mainlines them with stimulus, they're good. and they're hoping that that's what's coming, and that's what the reaction you've seen in wall street. so it's all about the federal reserve and the federal
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reserve's action here. now, the problem we're going to have is the higher the market goes -- and jay powell's made this very clear all year, he wants the reverse wealth effect. he wants us to lose money so that we spend less. so if the market booms and we have a wealth effect and and we feel better and and want to go out and spend, he fears that's going to be higher inflation. so this might just come down to not what the data is, but where the fed wants to target the stock market. because that seems to be what heavy been doing all year. neil: so let me ask you, luke, about the midterms and whether they had any impact here. of course, it looks like republicans will still take take the house, albeit not as much as we thought they would take it by before. they still have a good shot at the senate, but it could be a battle. they need to get two of the three seats that are still up for grabs, arizona, nevada, georgia. is there any reflection what's happening with trading, what's happening with these, you know,
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slow-go results? >> i think -- [inaudible conversations] neil: luke first, and i will get your thoughts, jim. i apologize. luke? >> historically, if you look to midterms and having a split congress and gridlock is actually good for the markets, right? so i think there is initially some good reaction to that, but long term i don't think it's going to have much impact because there's so many macro things we have to worry about. again, neil, i've said before this economy is in a recession that's being held up by credit card debt. as we head to the middle of next year, i it's going to get worse and worse and worse as consumers are forced to cut back their spending. a lot of the data points we're getting right now in economic news that's impacting the markets are being held up by the holiday season. a lot of companies rely on q4 to drive their business with, especially retail businesses, right? that could be one of the main drivers of the employment data right now while the tech sector lays off thousands of workers. but the major question to ask yourself is whether or not this
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job data and growth and economic data points are going to hold themselves as we enter into q1 and q2 of next year. i think that's what the market's concerned about as well. neil: so, jim, if republicans do take the house and fail to take the senate, it's still divided government, can't it? -- isn't it? >> it's barely divided government. wall street was hoping for something a little bit more than just, you know, inching into divided government by a couple of seats. neil, by the way, this is one of the unusual elections in american history. the highest percentage of incumbents won, and not all the seats have been settled in the house yet. there might on the be one fripp in the senate, and that is pennsylvania. safest job in america during 20 2022 was a poll -- politician running for re-election. wall street was hoping for something more so that republicans would have more of a mandate to push back to get that
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true gridlock. it was worried that it wasn't going to get it, and i think the reaction was yesterday, why the stock market was down over 2% yesterday. it was hoping for more gridlock, it got less. neil: interesting. jim, luke, thank you both. want to go to susan li right now because another story you're not hearing as much about, of course, this so-called rogue currency. you know, bitcoin, of course, the whole cottage industry attached to it that seems to be in a bit of a scramming right -- scramble right now -- >> reporter: well, as you know, the markets are so interconnected that when you lose money in one place, you have to sell and get money from elsewhere to plug that hole. sam bankman fried, one of the world's largest crypto exchanges, ftx, they need to plug an $8 billion hole right now, fast. and a source just in the last 15 minutes says that he's looking to raise $9.4 billion, and this will come from a consortium of investors, and that will be a
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billion dollars from justin son of, the ron that won a lunch auction with warren buffett a few years ago, a billion from asia and two billion from a group of investors and that does include traditional hedge fund managers like dan loeb and third point capital the might be invested here. we had "the wall street journal" reporting this morning that the reason why ftx is on its knees and on the brink of collapse and filing for bankruptcy according to reports is that ftx funneled half of the $16 billion in client funds to sam bankman fried's personal trading arm called alameda research. and that's when when -- why when there was this bank run over the weekend, investors couldn't cash out and, hence, why we're on the brink of collapse. so alameda, by the way, if we can bring up this sam bankman fried tweet about alameda,
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because there's a lot of concern about whether or not raises eyebrows, more regulation and oversight from governments. this is the international arm that we're talking about, so it's not a public company, it's not u.s.-domiciled, but if we can bring up the tweets on alameda, because there's a lot of concerns about whether or not there was a misallocation, mistreatment of client funds. one way or another, alameda research is winding down trading. they aren't doing any of the weird things that i see on twitter the, nothing large at all. and he also noted that in ftx and this bankruptcy, customer clients will be prioritized. we just saw binance, cz, richest man in crypto, says we tried, sad day. justin son, we have a lot of tweets here because this is how you communicate in cryptocurrency -- neil: that might be the problem right there. >> reporter: it's the how young people communicate these days. he says we're trying to put together a solution. there's a lot of debate about
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whether or not ftx will survive, will this mean that crypto is in trouble. a lot of conversations i'veed had, you know, a lot of people are saying, look, it's a trillion dollar asset class, a trillion dollars doesn't disappear overnight. we have sequoia pretty much echoing what silicon valley thinks, one of the venture capital funds out there, they're marking down can their entire investments to zero. they had $213 million invested in ftx, and they're marking that to nothing right now. neil: that's a little scary. all right. well see -- we'll see what happens. >> reporter: yeah. i know folks like you are saying, well, you know, this is what happens when you invest in cryptocurrency, that a lot of people say it's based on nothing, right in. neil: oh, no. i think cryptocurrent's a legitimate financial asset -- >> reporter: okay. neil: but i pick up the phone and talk to people. [laughter] >> reporter: but you've seen it before in the dot.com bubble, and this is important to note, that after that bubble burst, 20
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years where you didn't see retail individual investors come back, and i hope this doesn't scare them off this time -- neil: but others were in the dot.com arena, not everyone blew up. we talked to each other -- >> reporter: you also had dial-up and modems. we don't do that anymore. neil: susan li, thank you very much. as always, appreciate your reporting. in the meantime, we're still trying to get a handle on some of these races, but the one out in arizona -- this is what i can't understand, i thought we resolved this. they're very slow at counting ballots. man, it is a slow go in finding out how even the gubernatorial contest is going. the latest there after this.
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♪ ♪ neil: all right, still a very, very close race going on in arizona not only for the united states senate right now, the problem when you look at this is, well, it looks like mark kelly has a comfortable enough lead. unfortunately, it's a little more than 70% of the vote, so they've got a long way to go. same applies to the governor's contest. kelly o'grady is following it all right now, joins us from phoenix. kelly, where do we stand?
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>> reporter: well, right now i am standing in maricopa county, and the race, it's just too close to call. i'm actually at the tabulation office. you can see right behind me this is where the votes are signature-verified, the majority of of the outstanding votes are here in maricopa. we were expecting for 95% of those by friday, but i just spoke with the folks here, and that is likely going to take longer. we can expect releases going into the weekend, and that is because of all the early votes that were dropped off on election day. just for some context, they received 170,000 in 2020, over 290,000 were dropped off in maricopa on tuesday. that is unprecedented. now, those day-of dropoffs are what gop gubernatorial candidate kari lake is counting on, trailing by just 13,000 votes, less than a point separating the two right now. i spoke with a source on lake's team last night, they walked me
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through their voter analysis and given that they encouraged their base to vote or drop off in person, they expect to take the majority of those outstanding maricopa ballots. unfortunately, that did not materialize last night in in the release of 62,000 votes. you can see that more intensely in the senate race, those the ballots increasing senator mark kelly's lead by half a point versus yesterday. we should note that both gop candidates have clawed back significantly from where the count stood after that first release on election night. so there is still a possibility in the senate race though there's currently a 95,000 deficit, and things could change rapidly in that governor's race with the next drop given how razor thin those margins are. the next drop we're expecting, a rather large one tonight. some rural counties will be trickling in all day. neil, i'm holding my breath over here, i'm sure everyone at home is as well. neil: don't hold it too long, because you could be waiting a while. in the meantime, in new york the
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big talk butted lee zeldin became, oh -- was with lee zeldin became -- came oh, so close to being the first republican governor in 20 years. bottom line, the state remains under the control of the democrats. but then you have to get in the weeds and see what was happening in some districts that quickly went from blue, solid blue, to red which surprised a lot of folks including the performance of my next quest, anthony d'esposito is taking a look at crime in not only his area, but in the general new york area, what's going on in the nation. a former policeman. you know, i think, you know, i think i could do something about this. he is now the congressman-elect, a former nypd detective and kind enough to join us. congratulations. >> thanks for having me. neil: is everyone running around calling you congressman-elect? >> not yet. [laughter] it's still fresh. neil: what will you go by, hey, tony? >> anthony's great. [laughter]
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neil: you made crime a big focus, of course, it didn't hurt, your background. you were blunt and talked clear about it. it didn't resonate everywhere though. certainly resonated in your district with your constituents. did that surprise you nationally, that it didn't get to be more of a galvanizing issue? >> i do, but i think in new york it was very important. obviously, we used the issues that we heard from the people that a we wanted to represent in this campaign, so they made it the issue. everyone wanted to talk about the crime. people that live in this district travel in to new york city every day whether they go to school, whether they work, there's a lot of cops and firemen who work in new york city, and the fact that they have to go in each and every day and be concerned about getting thrown in front of a subway doesn't leave people feeling very good. neil: so when you get to washington, anthony, you will likely have a majority republican house but maybe not as big as a majority. does that worry you, concern you? >> no. i mean, you know, i stood a foot post in brownsville, brooklyn,
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as a new york city police officer. that doesn't really concern me. and i'm going to go into this job whether i was in the minority or the majority and do it the same way. the point of me being there and i think the reason why i got elected is people in this district know that i've delivered for them before, and i'm going to make sure that i deliver for the people of long island and this district. and if that means, you know, siding at some points with members of the democrats, then so be it, as long as it delivers for long island. neil: so to make crime an issue you want to act on, what are some of the things you will act on? >> i think what's most important is we have a lot of opportunity thes to provide federal funding to create task forces, to create or implement more programs. one i used was something called trigger lock. it was a partnership with the atf that focused on taking illegal guns off the street of. i think there's a lot of opportunities. we talk about the joint terrorist task portion, something that's been great in thwarting terrorist activity all across the nation but
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specifically here in new york city, and i think that's something we can broaden on and start focusing on issues like guns, like gangs. we need to have more communication not only here in new york, in the tristate area and not just big departments. we need to focus on the smaller villages which there are so many in the district that i'm going to represent, but all across the country we need more communication, better communication, and we need to focus on if we're going to fight crime, first, let's take those illegal guns off the street and actually prosecute the individuals that are taken off the street. neil: yeah. i don't to misparaphrase what you said, but guns are the issue, the illegal ones, and i thought that was a very goodies 2006. you're open to address guns, you want to address the illegal ones but also dealing with the turnstile sense of justice. all bets are in, it sounds like, for you. >> absolutely. i was very blunt and made it very clear as to where i stood on the issues. and when it comes to gun control, i think that there
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definitely needs to be funding nor mental health -- for mental health. we need to focus on, you know, preparing people that want to carry firearms, education, training. but we also need to focus on taking illegal guns off the street by, you know, reducing the rights or taking the rights away from legal gun owners. that's not fighting the problem. of the hundreds of guns that i've taken off the street as a new york city detective, never once did i get back to the street and someone said, by the i way, here's my pistol permit. we need to focus on the people that are carrying, toting and trafficking illegal guns, and we need to make sure that they're prosecuted, and we need to on a federal level provide every resource that we can to law enforcement agencies to make sure that they are prosecuted correctly. neil: yeah. many are focusing on your all-in approach to this. not bad at all. anthony, again, congratulations to you. >> thank you so much. neil: we are focusing also on the corner of wall and broad, just since the former detective was speaking here, we're up
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about another 200 points on the dow. i don't know if he wants a sideline job, but that might help him. inflation maybe not as big a threat as we thought but, again, it is one day, it is one moment. we'll be back after this moment. ♪ blue jean baby, born in the usa. ♪ trailer park, truck stop, new york to l.a. ♪ we were teenage dreaming, front seat leaning -- ♪ baby, come give me a kiss. ♪ put me on the cover of the rolling stone -- ♪ uptown, down home american kiss ♪ ♪ this is financial security. and lincoln financial solutions will help you get there. as you plan, protect and retire. ♪
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we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones >> welcome back to cavuto coast to coast, i'm lauren simonetti. we might officially be priced out. thanksgiving flight bookings are actually down 7% from pre-pandemic back in 2019 according to adobe. many fliers might be feeling, yeah, it's too expensive to travel for the holidays, not worth the headache.
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you don't get that story when you look at how the airlines have been doing. their sales are up because airfare has gone up dramatically, up 43% in the past year and, quite honestly, that might be the tipping point for many people. however, despite this news and news of flight cancellations with tropical storm nicole in florida, the airline stocks are absolutely soaring today. delta is up 6.5%, jetblue up 8.5%. so translation, bad news is good news, and that extends to amazon. the "wall street journal" is reporting that amazon is reviewing their unprofitable businesses including that of the device unit that also houses alexa. that unit losing more than $5 billion a year. the journal also says amazon told some staff in those unprofitable businesses to try to move over to profitable ones, ostensibly to keep their jobs. here's the deal, when interest rates soar and consumers start to pull back, big tech companies need to reevaluate the cost of
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doing business, and i guess it's the amazon's time to do that. the stock is up today on this reported cost-cutting review. neil, back to you. neil: thank you, lauren, very much for that. lauren simonetti. charlie gasparino is here looking at the, i guess we're still waiting for so many districts, states and all this other stuff -- >> and we've got a runoff in georgia which could decide it all. and you have an interesting cpi print today -- neil: right. >> i don't get it, 7.7% inflation is good? neil: i guess when -- [laughter] they were looking at 8.2% -- you're right, i hear you, but they're leaping on -- >> it's crazy. i mean, it's a broken market. it reminds me, this happens on the downside too. in 2009 everybody was looking for reasons to sell. dow went down to 6,000 even though it was clear the fed was going to print money. it was going to, the banking system was going to be saved. it's the same thing here, they're looking for reasons to buy. and i'd be really careful if you're the average investors. on top of that, you have an
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unsettling political situation with georgia. georgia's interesting for a lot of reasons. for the house -- for the senate, it could decide, we don't know what's going on in nevada -- arizona arizona -- neil: arizona a, nevada and georgia are the three undecideds. >> it looked like laxalt was ahead -- neil. neil: georgia could become a moot point. >> i think it's a push probably in nevada. then it comes down to this in the senate, and here's what i'm getting, i've spoken to three pretty senior republican strategists, they kind of know what's going on inside of the party. the party wants to spend gazillions of dollars on walker to basically push the message that a vote for warnock is a vote for chuck schumer, and do georgians want chuck schumer to be running their state. that's what they're hoping to do. they think they can make the sale on that and maybe have
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brian kemp go out there and do some stuff. what they're worried about, and every one of them told me this, is donald trump getting involved in this thing and getting involved in a really specific way where he holds -- does what he did the last time when there was a runoff two years ago, he makes the whole thing about him -- neil: kills the republican -- >> think about how ridiculous this is. you're out there saying there's election fraud, you know, writ large, why would anybody want to vote? your vote is wasted. i mean, it is counter-logical. neil: he was blamed if for losing those two seats, so they're telling him to stay away. >> they want him to stay away concern. neil: by the way, is he still going to make this big speech next week about running? >> i'm presuming he does. but, you know, the sort of vast consensus of republicans that i speak to right now is that he's a drag, and he's not -- can't win nationally, and he will hurt walker if he goes there. and particularly because his style of campaigning is not
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necessarily for the person that he's campaigning for allegedly, it's for himself. and then you get involved in, you know, making, talking about ron desantis, denigrating probably the best conservative governor we have, you know, election denials -- neil: so they'd rather not hear from him. >> yes. [laughter] that's an understatement. neil: all right. >> you know, i got something on you. something your wife doesn't even know. neil: the time i broke into a ponderosa. >> that's it. neil: i knew it. [laughter] real quick, i know what you're referring to, our viewers may not. >> we're joking. a presidential candidate, presumably former president -- neil: said he had dirt on ron desantis -- >> said this about maybe the best governor in the nation. what could he have, like, a tape? [laughter] neil: we don't -- >> can we think about it? neil: look at the time. gaspo, you're the best, my friend.
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breaks more business news, more news in general. but i want to go right now to the lieutenant governor of the beautiful state of virginia, winsome sears. lieutenant governor, very good to have you. >> thank you for having me and, by the way, happy birthday, marines. semper fi. neil: good for you. a very nice reminored. let me, governor, if i can get your take on what charlie gasparino and i were discussing, that the republican party seem to or some want to sort of move on from donald trump. what do you think of that? if is that fair? >> well, you know, his administration, when it came to the economy, helped us because black unemployment was the lowest it had ever been historically, and then, of course, when it came to education, he forgave his, his administration, the loans that historically black colleges and universities had owed that they could never repay. and, by the way, provided a permanent funding stream.
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and then safety, forced nato to bring their fair share, only 2% of their gdp. but when we look at the mission, and as a marine, we're looking at the mission. you know, the voters have spoken, and they have said that they want a different leader. and a true leader understands when they have become a liability. a true leader understands that it's time to step off the stage, and the voters have given us that very clear message. because this is about -- the. neil: so does that imply within the republican party, lieutenant governor, to donald trump that it's time to step off the stage? >> yes. a house divided against itself cannot stand. and, indeed, that's where we are today. and as i said before, america is the prize. why do we want to win rexes? it's -- elections? it's because we've got to learn to love each over, live -- each other, live together, govern together, and the voters are
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saying enough is enough. neil: so if the party wants to move on or some in the party such as yourself, lieutenant governor, maybe governor youngkin feels the same way, but donald trump until still makes a speech next week that he wants to run for president, what would you think about that? >> i could not support him. i just couldn't, because we have seen, for example, in those states where he has endorsed the candidates, in fact, republicans on the same ticket who he did not endorse overperformed whereas his candidates totally underperformed by as much as 10 points. we have a clear mission, and and it is time to move on. neil: lieutenant governor winsome sears, thank you. i know you have a very pressing schedule, so we appreciate you taking the time. the lieutenant governor good enough to mention the birthday for the marines today. a genuine hero to celibate
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while taking your mother and daughter on a once-in-a-lifetime adventure — your life is just as unique. your raymond james financial advisor gets to know you, your dreams, and the way you care for those you love. so you can live your life. that's life well planned. neil: the marines, believe it or not, are 247 years old today. what's interesting to look back on is in 1775, they were born out of a philadelphia tavern during the american revolutionary war. so much started in taverns. but what's interesting about them is they had the power to go and grow and still exist as the most fearsome force to this day, not bad. 275 years young. tim bass is the recruitment military ceo, a former u.s. army specialist, attack helicopter
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pilot. i just decided you don't ask tim any tough questions, because even remotely, he could break my spine. [laughter] so, tim, congratulations to you, and thank you for your incredible service. >> thank you, neil. appreciate that and, absolutely, happy birthday to the marine corps and all of our marines out there. neil: you know, we live in such crazy times, you hear it all the time, but national security issues were not predominant ones in the election. things like crime and inflation and all that stuff were and are, but they're uppermost in your mind, i would imagine. >> absolutely. and, neil, we focus a lot of our efforts on that topic around the back side of that service. making sure that as military service members and their families make that transition, they're able to connect with the right employers, find meaningful employment and go off and become great examples for the military's recruitment efforts in the future. neil: i know you've been working at finding jobs, and we hear
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distressing news items about the high rate of suicide among veterans, and it comes up again and again, but we never seem to be able to get a handle on it or what prompts it and what we can do to prevent it. where are we on this? >> neil, i'll tell you, there's a lot of experts out there in our community on that like our great partners at the dav. what we try to do is really focus on what we think we can control in there, and that's, we believe and we know from research, that meaningful employment is a really important aspect of veterans and their family members feeling fulfilled and valued after service. neil: and a job is key to that, i certainly get that. i would think the military service itself would be a draw to any proprospective employer -- prospective employer. how do you get it to their attention? >> that's so true. and one thing that i tell veterans all the time is that
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corporate america largely gets it. they get the value of service, they understand that there is an incredible business case for employing people from the military community. and so our job is to get out there and make that outreach, educate those employers and and recruit -- in recruit military, neil, our focus is making the connection. each month we create tens of thousands of connections between the military community job seeker population and employers. and we bring them together in lots of ways, neil. we bring them together through our placement services. at recruit military.com, we have the largest military-focused job board in the world. we have our annual mba veterans event. we have an incredible service called the recruit military service solution that we take everything we do in to large companies and help strengthen and better their recruiting programs. and most prominently is our career fair schedule where those
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connections are really powerful. we do close to a hundred of those across the country each year with our partners at the dav and thousands and thousands of incredible employers that value that veteran background and experience. neil: i remember when my dad was alive, tim, he loved to hire veterans. he always said they always come in early, and they never call out sick. i always remember that as a kid, and you are living proof of that. talk about giving a lot back. tim, i wish you well with this. thank you very much. >> thank you, neil. neil: former u.s. special attack helicopter pilot, trying to give back and, hopefully, have the nation give back to those who had our back. still do. more after this.
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♪ ♪ neil: all right, the balance of power still not quite etched in stone right now in washington. chad pergram following developments as we sort out which way the house finally goes, which way the senate finally goes. chad, where do we stand? >> reporter: neil, dealing with the election for house speaker in january, this is ratio politics. the smaller the majority for kevin mccarthy, the bigger the headache. mccarthy was emphatic about
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his chances over the summer. >> you be speaker in january? >> i believe so. we'll win the majority, and i'll be speaker, yeah. >> reporter: mccarthy also predicted the gop would win a majority of more than 5 seats. it's about the math. if republicans wind up with, say, 223 seats, that means mccarthy can only lose a handful of votes. that's because the speaker needs an outright majority of the entire house, 218. >> he's popular within the conference. he's certainly going to have some disis centers. the challenge is going to be can you hold all of those votes and get 218 votes on the floor. you've had some that have been outspoken in their criticism of mccarthy, and the challenge is going to be, can we hold these members on the floor. >> reporter: mccarthy must make promises to the to the freedom caucus. he failed to become speaker in 2015 after john boehner resigned. some republicans were looking for a reason to oppose
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mccarthy. this became the moment. >> everybody thought hillary clinton was unbeatable, right? but we put together a benghazi special committee. >> reporter: critics believe mccarthy said the quiet part out loud about the benghazi committee. republicans used that remark as justification to oppose mccarthy. gop leadership elections are next week. the full house votes for speaker in january. neil? neil: all right, chad, thank you for that. we'll see maybe by january where we, where we stand. it's hard to tell right now. shannon bream, "fox news sunday," host, fox news chief legal correspondent with us. there's a lot that we don't know. we don't know the final makeup of the house. we do know the margin for republicans will be less than we thought earlier. they'll still have it. what about the senate? what are you hearing? >> well, we keep getting the trickle of numbers in from arizona, from nevada. i am constantly updating my phone, checking their secretary of state web sites, tuning in to
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every bit of information that we can get, and you can hear the frustration from people who say, listen, the constitution allows states to run their elections the way that they choose, so we have 50 different ways of doing this. florida, after a pummeling in 2000, made a big overhaul, so we know election night what we're getting there. nevada, arizona, they're taking a lot of heat, but they say we've got a way for doing this, it's just going to take time. and, of course, it doesn't matter too much at this point what happens there because we know in georgia there's going to be that runoff in december. so we may not have this thing totally under wraps, under control until december. but that trickle of information is very slow and frustrating from out west as we wait. neil: yeah, you're right about that. still, if republicans were able to pull off wins in arizona and nevada, then georgia and the runoff doesn't matter, right? they've got the senate. >> yeah. and so there are, i would say conventional wisdom is we've got a toss-up at this point because all of the polling was within the margin of error on every one
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of these races. i get updates from the various or terms x they say we feel good, the surge of ballots is going to come from this location or this day of return, so we feel confident. but both sides are battering us with that same message. they both see a path to victory in arizona, in nevada, so that's why this frustrating waiting game. it was interesting to go through the polling data we had with fox news voter analysis to see what really mattered to people when it came to endorsements and issues, and every state was different. now we wait to see what those folks out west really felt. neil: you know, shannon, when you're going through that data, how important was the roe v. wade reversal? that's simplifying it, but that decision -- >> yeah, that's essentially what it was, what it boiled down to, neil, you're exactly right. so when we got our fox news voter analysis that showed us talking to more than 100,000 voters from october 31st through election day about what mattered to them, it was interesting that, of course, the economy was
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first. we had seen that consistently. but number two in our analysis was abortion. it outpaced crime and a lot of other issues. so it peaked for the democrats over the summer, but they didn't just stop there because they went and organized. people were very upset about that change by the supreme court, and a lot of their organizing and early vote get out and all those kinds of things really paid off for democrats. the impact showed up all the way true election day in our polling and otherwise. neil: a lot is made of the fact that if republicans didn't have in the great wave, but i kind of think, shannon, and you follow this much more closely than i, that it's where we thought we'd be a month ago. there were expectations that republicans would take the house. not by 1994 numbers, but they'd take the house. they did. or it looks like they will, maybe not by those numbers, and the senate was a roll of the dice. >> it really was. neil: so i don't know why this sort of disappointment among some republican, oh, we're
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looking to roll through. they didn't, but that was sort of, like, a last few weeks of the campaign kind of hope on their part, wasn't it? >> yeah. because remember over the summer and early into the fall, the generical ballot flipped to democrats in some of those polls by 4, 5, 6, 7 points. so they had an advantage just weeks ago that was showing up in the polling and, again, those senate races were incredibly tight. the house you had less poll dog work with, but that generic ballot was in democrats' favor until just a few weeks ago. so i think that, of course, republicans and their allies and confidants really wanted to talk up that 1994 possibility, but the polling never really showed us that. neil: obviously, this would be a subject, i'm just rolling the dice myself, on your great show this weekend, "fox news sunday." >> well, we had a plan in place, and then tuesday night happened, and we too had planned for possibly a different situation,
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so we are kind of firming up our guest plans. but, of course, it's going to be a deep dive into what happened, where do you go from here, the president saying he's got a veto pen, doesn't feel like here needs to compromise he says i hope we can work together, but i've still got the veto pen. that is how this works. but also looking forward to former president trump and his announcement, two very different ways of seeing the the results tuesday night. he's celebrating a bit of a victory lap, but we'll see where we go moving forward. neil: i love the show and your anchoring at the helm. in such a nice way, you rip people apart. i want you to spice things up by saying, what the hell are you talking about? [laughter] you have the same effect just saying, excuse me, why did you just say what you said -- >> we just play them their own sound bites, and that works 90% of the time. neil: yeah. it's a great show. you are great at what you do -- >> thank you. neil: i always love watching, but as the italian, i would add
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