tv Cavuto Coast to Coast FOX Business January 24, 2023 12:00pm-1:00pm EST
12:00 pm
>> sticking with number four. stuart: number four. lauren? lauren: after 9/11, 2002. stuart: i guaranty you're right. 2002. of 11 days after the september 11th terrorists attacks. secretary tom ridge was appointed. it wasn't until november 2002 the congress made it a formal cab bet department. 2002 is the question. i better really update the markets really fast. not that much to update. we don't have that much movement. the dow is down 10. nasdaq down 11. s&p down six. i call that a pretty flat day. thanks for joining us for the hour, mike murphy. you were excellent as usual. that is it for "varney & company." today, "coast to coast" starts now. ♪. neil: here we go again. is it me or are these layoffs picking up steam?
12:01 pm
3m the latest. more on the tech industry for sure but actually more, period, everywhere. now companies are shedding temporary workers in what some are calling a warning sign for the labor market. just how bad does this get? we'll ask donald trump's former counsel of economic advisors chairman, kevin hassett. if losing your job isn't caring you, i bet rising crime certainly is. some very scary incidents in atlanta in a part of the city that attracts a whole lot of tourists but not these days. what does georgia governor brian kemp say about all of this? we'll ask him because the governor is here and only here. don't look now the senate is back in session and has questions for president biden on the crassfied documents. apparently even for this democratic body, but what the president knew and when but who else knew and how? president george w. bush former chief of staff andy card, feels for the new incoming chief of staff stepping in. he has to sort all of this mess
12:02 pm
out. good luck on that. welcome, everybody. busy news day. i'm neil cavuto, glad to have you. our top story, a piece of work, more folks looking for work. kelly o'grady here to spell it all out. hi, kelly. reporter: neil, another day of job cuts. roughly 40% of the dow reporting this week. with the quarterly updates come more lay qualify announcements. 3m is the latest domino to fall. they are the maker of the post-in note. announcing it would slash 2500 manufacturing jobs. the stock trading down roughly 5% on the news. with predictions of 2 to 6% drop in sales for the year, the chairman and ceo sharing this, quote, what we see in the end market as necessary decision to align with adjusted product volumes. another dow sock reporting today, microsoft. last week they announced 10,000 layoffs equating to 5% of its staff.
12:03 pm
earnings will be watched closely after the job cuts. the multibillion-dollar investment in the company behind a.i. bot chatgpt. that may be when we'll see from other internet companies. google defending layoffs. took questions at the town hall, sharing the decision was anything but random, cutting rolls where work wasn't necessary. management defended targeted long-term employees with the cuts, sharing no one is immune to career changes this is part of a larger layoff trend we're seeing as companies prepare for a recession. analyst response is mixed. some celebrate the debloating avram pant hiring during the pandemic. layoffs are not without a coast. microsoft shares a 1.2 billion charge this morning which we expect them to address after the bell. neil: kelly o'grady thank you. kevin hassett, former council of economic advisors chairman under president trump. kevin, good to have you, the
12:04 pm
layoffs are building. i had ken fisher on the billionaire investor saying percentage numbers are small even though he recognizes the layoffs are picking up steam. he doesn't seem too worried about, companies are more rightsizing than tanking. what did you think of that? >> right. i think the thing that is most disturbing, neil, look who is doing the layoffs, these are the richest most successful firms, microsoft, google, sales growth, job and technology advancement in the economy over the last decade. the fact they're hunkering down laying people off, something suggests that the front end of something that will really be bad. don't forget the unemployment rate needs to go up by one to 2% in order for the fed to feel like it made enough progress on inflation and it hasn't done that yet. i think people are getting ready for that to happen. the final thought, when price inflation goes down close to wage inflation or even below it, that is when firms start to lay
12:05 pm
people off. so last year price inflation was 10%, wage inflation was 5%, so firms didn't really have to lay people off even though we had two negative quarters. the reason was prices were going up faster than wages. now it looks like the reverse so there will be lot more layoffs to come. neil: a survey is out 20% of ceos plan to reduce headcount this year, could extend it to next year. that is still a relatively low number but it could change. what do you think would bring up the urgency here? >> right. well, i think the one of the things we're going to see is, the economy is going to head back to more like first half of the year so it would really quite visible in the data that it's a time for firms to get more aggressive with layoffs sadly. i think there were a couple special stories in the second half of last year that delivered us from the recession it felt like we were falling in but i think those special forces are going away. one of the keys was that there
12:06 pm
was a big movement in the dollar that reduced inflation because our import costs went down and there was also this removal of final demand because of withdrawal of some of the stimulus in the u.s. that was bigger than abroad. it made our net exports go up a lot. both were temporary transitory things that made things look better in the second half. i think jobs data, output data will sing the same song, sadly things are headed south but in a direction that the fed is trying to engineer. neil: i'm wondering how closely the fed will pay attention to the reduces earnings expectations we're getting out of corporate america. we're early in the process, kevin, almost to a company right now they had ratcheted down their estimates to the point even if they beat it mildly they looked like geniuses. so the fed must know how that game is played, maybe not pay too much attention. what do you think? >> yeah. i think you're right, neil, to highlight equities and you know, me, i'm mr. long run equities but the bottom line is that there are really two scenarios i
12:07 pm
see coming forward. one is that inflation doesn't drop in which case the fed is going to have to hike a lot more. that, neil cavuto, will tell you really bad for equities right. interest rates surprise on the upside. the other thing inflation does drop so price inflation below wage inflation, in which case profits really tank. that is bad for equities too. i think near-term outlook for he can equity is pretty negative. the market hasn't adjusted to that. when the market does to start to react to it that is the downside forces can give us the second blip of recession and get this thing going lower with lower inflation. neil: the market doesn't take the debt limit too seriously. they have months here to resolve this. it means it will be resolved at the last second. treasury secretary janet yellen sending another letter to the congressional leadership to move on this. they're obviously not moving on this. in fact the president and kevin
12:08 pm
mccarthy will not meet. the president is open to meeting with him on other things but not tying spending cuts to the debt limit. you know the drill, it will go on a while. could we ever default? do you ever see that a accidental possibility, that is just happens when we least expect it? >> you know with a democratic congress back in the late '80s we almost did. we were, ran out of money and they passed the bill after midnight. technically there were a few minutes there where we could be in default. if you look at the credit default swap market, neil, i know how good you are with charts but it takes a little while to explain so you might save it for tomorrow, probability for default of the u.s. right now is about the highest ever been in history. people are worried what will happen there will be a breakdown in talks,. neil: what would fault be, obviously not paying social security or medicare recipient, paying interest on treasury notes or bonds she holds, what could sneak through,
12:09 pm
my gosh, we just technically defaulted? >> if you miss an interest payment, basically that is when the it kicks in. that is what people would be worried about, but the bottom line the biden administration right now is pretty unreasonable. more than half the debt increases limit passed by houses of both parties have included policy concessions. under president obama he and boehner worked out a deal where they lifted the debt limit a dollar for every dollar of spending cuts. if biden will be serious, if secretary yellen will be serious, they will come to kevin mccarthy we understand we got a deal. you're not demented if trying to tie spending cuts to spending limit. in fact president obama did that. let's get to work, fix this thing earlier. we're in the extreme poker player aspect of it, everybody is posturing, kabuki theater this is unfortunate. biden has a chance to show
12:10 pm
leadership, give me the deal you guys gave obama and we're done. i think in the end we'll probably end up around there but probably have to watch a bunch of drama until then. neil: i think a lot like people in college, they remember, don't really get serious about studying the exam or the paper done the night before. you were never that way, kevin a straight-a student. take it from me, kevin has it, former top economic advisor to donald trump. >> good to see you. neil: hope you like a lot of things we're trying to add to focus on to keep you informed of the very latest. so we're making changes on this show as well. we want to know what you think and share of your own thoughts on this. you can tweet us at team cavuto, traditional route, email us at cavuto ott fox.com. i expect to get the effusive praise. including brian didn't waste
12:11 pm
anytime telling me, neil is human garbage. one slips through, that happens. sounds like varney wrote that. that is okay we'll let that go. from, something conservative, fiscally conservative guy, isn't cavuto getting close to retirement age? that's not nice. it is not nice. definitely not nice. if you want to send stuff like that, you think being nasty gets you a plug on the show, actually it does, but, i would like to hear some good stuff too. how are we doing what gets you going, do you think of what kevin hassett was saying we could push this right to the brink but we'll survive it, what is going on that front. we'll explore that. maybe you want to respond and discuss and talk about what we have many going up in our next segment. the as you know the president's chief of staff is stepping down, a new guy coming in, former chief of staff under george w. bush on that pressure that person is going to face. i don't think anyone had to deal
12:12 pm
what andrew card had to deal with. remember he had to tell his boss on 9/11, we had just been attacked. i think everything pales after that. he is next. i'm a vegas hotel. i don't want anything too serious either. just a fun, spontaneous thing. some people say i'm excessive, but who cares - i'm just looking for a saturday to remember and a sunday by the pool. ♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appointment
12:13 pm
and a certified hearing care professional evaluated my hearing loss and helped me find the right device calibrated to my unique hearing needs. now i enjoy every moment. the quiet ones and the loud ones. make a sound decision. call 1-800 miracle now, and book your free hearing evaluation. permex petroleum is leading the charge in the prolific permian basin with an attractive portfolio of oil, natural gas, and royalty assets. with expanding drilling operations and plans to uplist to the nyse, permex petroleum is poised for growth. i always wanted to know more about my grandfather. he...was a hardworking man who came to new york from puerto rico when he was 17. with ancestry, being able to put the pieces of the puzzle together... ...it's amazing. it's honestly amazing. i'm so glad we did this. i'm so glad we did this.
12:14 pm
i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones these days, our households depend on the internet more and more. families grow, houses get smarter, and our demands on the internet increase. that's why we just boosted speeds for over 20 million xfinity customers, on us. so you get more of the speed you need for day and night streaming. more speed you need when you're work from homeing. and more speed you need as your family keeps growing. check in on your current speed through the xfinity app or upgrade to the speed that's right for you today.
12:16 pm
♪. neil: all right. are you sitting down? you're not going to believe this. vice president mike pence has discovered classified documents in his indiana home. we're getting some of the details here. he discovered these documents with classified markings in his carmel, indiana home on january 16th, following time of his being vice president. president biden, 10-years vice president he thought it wise to check out miss residence. we don't know how many. don't know how this goes. the back and forth on the president's documents have the senate intelligence committee looking what is classified material or not. usually they go into a room where they can be you know, able to look at this sort of stuff, then leave the room without any of that stuff. aishah hasnie following all of that very closely on capitol hill. what are you hearing? reporter: neil, honestly this is not surprising to me personally or the capitol hill team, we
12:17 pm
were talking about this yesterday, the possibility there could be several other people out there that may have inadvert antly misplaced classified documents well before president biden or president trump became president. now we're seeing this of course linked back now to vice president mike pence. in fact just yesterday, neil, i had reached out to the national archives to ask them this very question, have you heard or reached, been reached out to by the staff of any former congressional member, any politician, that has come to you, saying to you, in the past year, look, i found some classified documents, what do i do with them? we reached out to the d-oj yesterday as well. we still haven't heard back from both of those agencies but clearly they have received word from at least vice president mike pence's office that he found or someone did at his home in carmel, indiana, i know very
12:18 pm
well, because i'm from indjanna, i covered mike pence when he was governor, and found that in his carmel, indiana, home. now you have the very fair and important questions being raised by even senate democrats, not just senate republicans, but senate democrats, asking, one how in the world this cohappen that you could leave a scif, one es they where you leave the roo, look over the documents and hand them back to the property authorities. how you can leave the room like this with these documents? two, some folks are saying to us, we don't have any classified documents. our hands are clean. we don't have them. watch. >> i'm not certain how because i never taken classified documents outside of our scif. so i don't, don't know that. >> this is just unthinkable. the time i've been in the senate, which is quite a few
12:19 pm
years, that has never happened and i can't explain how it happened here. >> reporter: everyone is talking about this, know, neil. you have to believe this will be talked about at today's first senate intelligence committee briefing. these briefings happen weekly. they are normal. there is one happening tomorrow too. we don't know the exact topic. you have to imagine that those senators on the intel committee going in to have this intel briefing are probably going to talk about this because, guess what, neil? they will have this briefing inside of a scif. one of these rooms that you can't take classified documents out of. meanwhile republicans, senate republicans say it is extremely disappointing that now this probe has gone beyond the white house, now touching the senate. watch. >> every time i view classified information it is in a classified setting. if you come to my house you will find chick-fil-a bags all over the floor but you will not find any classified information.
12:20 pm
>> reporter: what is interesting, senator graham, later told us he doesn't think biden did anything sinister here. he doesn't think there is malintent mishandling the documents. i guess that is what he would say with the former vice president as well. again, it raises the question who else might be out there that has inadvertently tone home classified documents? we don't know. again we reached out to the national archives. we reached out to the doj. we asked them for a list of any names in the last year of people perhaps, staff of certain members that have reached out and said, look, we found some documents. we want to let you know about them. neil: yeah, you would hope it would be inadvertent to your point. great job as always, aishah hasnie on that. go to andy card, the significance of this. former chief of staff for president george w. bush. andy, when it rains it pours, implications former vice president pence discovered
12:21 pm
some documents. some one was telling me the sheer volume of documents turned out at the federal level on part of presidents, vice presidents quadruples with each administration. i don't know how accurate the number is but it would allow for sufficient like this but it appears out of control. what do you do? >> thank thank you, neil, for hg me on but yes, it seems to be out of control. i would like to point out classified documents are not always only read in a scif. when you're working at the white house, it wasn't unusual for me to have a classified documents delivered by the chief of staff's office. the president certainly looked at classified documents in the oval office. my office was always swept by the secret service. we made sure that people weren't listening in or whatever but it wasn't as if every document is only viewed in a scif and when you leave the white house, the the principal never cleanses up his own mess, packs his own
12:22 pm
boxes. he has a lot of people helping. i would suspect that is what the situation was with president trump. i suspect what it was with vice president biden. i suspect it was that way with vice president pence. but having said that, it is wrong to take classified documents and not to make sure they're secure. i think this is a problem. it is turning out to be a symptomatic problem in all of government and i suspect that there are members of congress who have come across violations or whatever, even in their world. remember, they're separate from the executive branch. but no, this is a problem and i, pox on both their houses. it is just a sad state of affairs but i hope it doesn't distract the leaders in washington, d.c., from doing the peoples business. really defending the integrity of the united states when they sell bonds. so i hope that our debt limit challenge will be met efficiently. there is always negotiations but
12:23 pm
i, i hope that we will not be distracted because of these secret documents from doing real work has to be done to secure the integrity of the united states of america in a very, very troubled world, what is going on -- neil: to your point it is very troubled. andy you said something interesting, you always say something interesting, from your perspective having classified documents, having the level of security to review those documents you would never leave with them obviously but i'm not looking at sinister intentions on the part of president biden or vice president pence or president trump before him. i am looking at say someone is cleaning up after them, going to send boxes to them, say when donald trump left office, someone is packing up boxes and not even paying attention to classified documents going into those boxes. maybe that happened in the case of vice president pence. maybe that happened in the days of president biden being a former vice president biden. i don't know, but this seems to happen way too easily and people
12:24 pm
who shouldn't be looking at that stuff, didn't have your security clearance, are looking at stuff or potentially exposed to that. >> i think that's the symptomatic challenge that we are discovering and clearly when you depart your obligations as a vice president, chief of staff, president of the united states, i don't think it is reasonable for us to expect that the principal is the one putting things in the boxes. i don't think enough concern has been shown to the people who are responsible for packing boxes and saying this shouldn't be here, this shouldn't be here. so, yes, ultimately the president or the vice president, the chief of staff would be responsible but i think we probably haven't done a good job making sure people who are actually doing the task of packing boxes up, are sensitive to what can go, what can't go, and should go to a special spot. neil: i woulding overwhelmed of pressure looking at a classified
12:25 pm
document. my god, i can't say anything about it, forget about passing something along. it must be heavy pressure, andy. >> it's a very big burden to carry. neil: sorry my friend, wish we had more time, thank you very much. your perspective, what you went through, kind of stuff you saw certainly during 9/11, bears repeating, a lot of sensitive things pass a lot of key peoples eyes. we're own a sudden runup in gasoline, energy prices right now. the administration was taking a lot of credit when they were coming down. not so of when they were going up. ♪ what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it!
12:26 pm
become an agent of innovation with invesco qqq i work hard, and i want my money to work hard too. so, i use my freedom unlimited card. earning on my favorite soup. aaaaaah. got it. earning on that éclair. don't touch it, don't touch it yet. let me get the big one. nope. - this one? - nope. - this one? - yes. - no. - what? - the big one. - they're all the same size. wait! lemme get 'em all. i'm gonna get 'em all! earn big with chase freedom unlimited. how do you cashback? chase. make more of what's yours.
12:29 pm
look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠. ♪ >> reporter: welcome back to "coast to coast." i'm grady trimble at the white house. the biden administration is once again playing the blame game when it comes to rising gas prices. this time around the white house says they have gone up because of last month's winter storm and
12:30 pm
china's reopening. the national average for a gallon of gas is up 11 cents from a year ago, 35 cents from just a month ago. the biden administration says it's not their fault. >> there is nothing standing in the way of domestic oil and gas production. in fact production is on track for a new record in 2023. >> reporter: but those in the industry say that's not true. >> it is rising a little bit but we're producing about 11 1/2, 12 million barrels a day. that was a million barrels a day higher than trump was president. we're seeing a chilling effect what is happening with the biden administration policies. >> reporter: house republicans are looking to stop the biden administration from using the strategic petroleum reserve to try to lower gas prices like they did last year. they introduced a bill limit the
12:31 pm
president's to draw from the spr except in case of emergency unless he comes up with a plan to increase oil and gas production on federal lands. the house could vote on it later this week. the administration says a vote for that bill is vote for higher gas prices, if it ended up on president biden's desk, neil he would veto it. neil: grady, thank you very much for that. here in the studio, look what the wind blew in, one of my favorite people jeff flock. he has been around a while. we forgive this type of behavior. jeff, so good to see you. so good to see you. what has you in new york? >> inner sanctum. launching new shows, they said ault hands on deck apparently. neil: you're on fire. apparently rent increases are on fire. they're trying to do something like that? >> when i retire, i will have rental property somewhere i which will live in, there you go. the biden administration got a
12:32 pm
letter from 50 democratic senators legislators, asking him to implement national rent control. i know that worked real well here in new york. here is what the letter said, i think we got it, timely executive action is needed to address the historically high rental costs and housing instability. we urge you to use all possible strategies to end corporate price gouging. it is true, neil, we're spending more of income on rent. couple years ago it was 23% of our income. now it is 30%. this comes as rents are trending down. they're high but if you take a look at big markets like new york, boston, san francisco, they're trending down. here is something i didn't know. more than 30 states have passed legislation outlawing rent control. they see what happened in new york. they say we don't want any part of that. i don't know how the president gets around that. you know what the critics say. you know, disincentivizes
12:33 pm
improvement in your property because you don't have enough money as the rental owner. slum lords wind up, discourages new investment in rental properties because if you have a cap on how much you can make, main that is not so good. if you have mortgage on it, you have a certain nut you have to meet so. neil: but, i was thinking, it is baked in in the averages, so the rent increases don't seem high if you control the figures. everyone fears landlords left to their own devices controlling things they would be gouging left and right. >> makes sense in place like new york where there is such demand. rents are already skyrocketing. some people would be forced out of their home. that doesn't seem right. capitalism is a great thing, sometimes needs a little bit after tweak. neil: a little adjustment. >> leave it to you to figure out where the tweaks should take place. neil: very good seeing you, my friend. >> great to see you. neil: a lot of fans emailing all
12:34 pm
the time. we're getting lot of emails encouraging this i don't know why i encourage iting, some are being outright nasty. brian said when cavuto comes on i know it is time to eat my sandwich. really? email sails it is from a guy named brian, thinking everyone on my staff. >> that is the way they communicate with you. neil: a good thing to look over your shoulder because people are trying to kill you. all right, that's fine. maybe you didn't get what i was saying at the beginning of the show. >> we love you, buddy [laughter]. neil: i wanted nice email. i wanted nice tweets. maybe you didn't get that, maybe you did. maybe you did. we have a lot more coming up including the latest how they're trying to calm things down in georgia. georgia governor brian kemp is coming up. a lot of people are touting his presidential timber. the way he handled donald trump.
12:35 pm
12:38 pm
we are america's fastest growing conservative movement. right now, the world economic forum and global elites are planning the great reset. their sinister plan to destroy our economy and redefine your freedoms. that's why i want to send you my exclusive book, the american response to the great reset for a gift of any amount. this book takes you behind closed doors to reveal their radical agenda and arms you to fight back for the future of our beautiful country. join the growing number of concerned americans who are already standing up by calling our special hotline or go to tpusa.com to get your copy with a gift of any amount, right now. we are at a turning point, but it's not too late. call or go to tpusa.com right away to get your copy, and let's stop the great reset.
12:39 pm
♪. [gunfire] >> oh, my god. [gunfire] neil: that was saturday. things are a lot calmer right now in atlanta, georgia. this is peach street we're talking about. a tourist mecca, say nothing of a vibrant commercial mecca. maybe less so these days, concern about what happened, why is happened. governor of beautiful state of georgia, brian kemp. governor, good to have you. how are things looking there now, governor? >> very quiet, thank you, neil. we had a state, local response to the damage the other night. jumped on it very quickly, locked people up. they will be prosecuted fully.
12:40 pm
i think we sent a very strong message not only for myself, but from our attorney general chris carr, mayor of atlanta, andre dickens we'll not put up with this kind of violence in the city of atlanta or state of georgia. neil: what got this going? >> well there is a new city of atlanta law enforcement training facility that has been a little bit controversial. there has been some folks that are environmental protesters. most of that group has been peaceful but some domestic terrorists, anarchists, whatever you want to call them, you know, really have been damaging property, assaulting workers, state employees and other people. you know, quite honestly in my opinion this has gone on way too long. i became very frustrated with this situation several months ago and have been pushing the georgia bureau of investigation, the state patrol and other state law enforcement to start working with the locals to make sure we
12:41 pm
had a safe environment here. you know we didn't play into the local politics of the decision that was made but we're just not going to stand for construction sites being terrorized and people being assaulted and that goes for our police officers too. and so we made that clear saturday night. unfortunately we had a state trooper that got shot when we were tying to clear this forest. that is very unfortunate. i visited with him and his family yesterday. and he is fighting hard. we're continuing to keep him in our prayers. you know, we're going to bring these people to justice. we're going to send a message. we did that two years ago during civil unrest a lot of out-of-state people, really shouldn't have a dog in this fight are coming to our city to destroy businesses and government property like police cars and we extinguished this uprising very quickly. it is been very peaceful ever since. i think we sent a strong message
12:42 pm
that we're just not going to put up with that here in the state of georgia. neil: governor, there were reports that antifa might have recruit ad lot of active -- activists to come into the city and make this worse, that true? >> we've seen that in the past. i wouldn't want to speak in the middle of an investigation but the fact is the majority of these folks were from out-of-state. you know, who was sending them here and why, i will let our folks work on that. we've got our team. we're also working with the fbi on this issue. we take it very seriously, just like we did two years ago. we appreciate and work hard to allow people to peacefully protest in the state of georgia. we did that back during covid and civil unrest. neil: right. >> when we have instigators that come, neil, we'll not put up with that. neil: i would be remiss, we were supposed to get today the final grand jury read, report on
12:43 pm
donald trump's efforts to overturn his defeat in your state back in 2020. i know you're a part from that. you're the governor. you're aware of this. any news? >> i don't really know too much other than what's been reported. i know they're having a hearing today whether to make the report public or not. i'm sure the judge will listen to both sides on that issue, but i can tell you i'm focused on you know, just got sworn in a little over a week ago and our legislative session has started. so we're working on the initial stages of our getting our budget through and working on our legislative agenda, helping people in georgia fight through 40-year high inflation and keep our economy going which has been incredible here, neil, as you know. neil: right. >> in 2023 when a lot of people are really concerned about recession and the economy slowing down. neil: you know i always think there are a number of some of your republican colleagues, governor, who have now taken to
12:44 pm
challenging zinging donald trump but you were in the throes of it before anyone because of this georgia election and the results and you had spoken your mind that the elections were fair there and you certainly heard the pile-on, and were dealing with the resistance coming from trump forces making sure you weren't reelected. you easily were. any bitterness over that experience? >> no, listen, politics is a tough business. i volunteered for this. i'm not going to complain about any situation i've been through. it has has been an honor to serve people of the state. listen, i told people a lot. i follow the law and the constitution. i will continue to do that but i also stayed very focused on what the people of our state need in these unprecedented times that we've been through, whether civil unrest, 2020 election. neil: yeah. >> covid, a lot of other things and we worked hard in our state to get businesses open and keep them open, to get our kids back
12:45 pm
in the classroom and to keep people safe and go after street gangs and human traffickers and that is what i'm going to continue to do. that is what the people reelects me to do. we're fighting hard for them every day. i tell people, you know, whether you voted for me or not i'm going to be working hard every day as your governor. neil: you know, governor you earned a lot of kudos, also a lot of wrath taking on donald trump at that time. as i remember you claimed donald trump didn't do good enough job to get reelected and that is why i lost. i only mention that in context of some people wanting to you run to carve a new path for the party. how do you feel about that? >> i will tell you what i said. i wasn't singling out president trump. i felt at the federal level we had not been doing a good job over couple election cycles -- we've always done a good job contrasting with the democrats, the differences in their policies and ours, that i think
12:46 pm
are superior to theirs, to have free markets and to create jobs and get people freedom, economic prosperity, no matter where they live, especially here in georgia. that is what i've been focused on, but neil, i'm a strong believer we also have to tell people what we're for. why should they vote for us? my closing message to people was, look back over the last two years, the last four years. who was fighting for you? you know who was fighting for you every day to keep your business open, to help you fight through 40-year high inflation and high gas prices and the disaster at the border? who was fighting to get your kids back in the classroom when you had woke school board members that didn't want to do that because of pandemic politics? who was fighting to keep you safe? who was going after street gangs? who was working with local, state, federal law enforcement to do that? that is what i did in my campaign and people sent me back to continue to do that. that is where my focus is right now. neil: yeah. they sent you back by a wide
12:47 pm
margin. governor brian kemp, thank you very, very much. good seeing you again. >> thank you. neil: all right in the meantime here we got the big mooney show coming up. -- the big money show up. taylor riggs with plea view. >> senator bill cassidy talking about oil and gas prices on the rise for americans at the pump. we'll see the blue exit, and florida and talented businesses being attracted down south. finances i would fun. we're doing inflation with mixology. i definitely don't drink, definitely not bunn p.m. in the middle of the show. we're doing mocktails and price of those coming up at the top of the hour ♪
12:48 pm
(vo) businesses nationwide are switching to verizon business internet. (woman) it's a perfect fit for my small business. (vo) verizon has business internet solutions nationwide. (man) for our not-so-small business too. (vo) get internet that keeps your business ready for anything. from verizon. sometimes you're so busy taking care of everyone else you don't do enough for yourself, or your mouth. but eventually, it will remind you. when it does, aspen dental is here for you. we offer the custom dental treatments you need, all under one roof, right nearby. so we can bring more life to your smile... and more smile to your life... affordably. new patients without insurance can get a free complete exam and x-rays, and 20 percent off treatment plans. schedule your appointment today. you'll always remember buying your first car. but the things that last a lifetime
12:49 pm
like happiness, love and confidence... you can't buy those. but you can invest in them. at t. rowe price, our strategic investing approach can help you build the future you imagine. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh
12:51 pm
hi, i'm lauren, i lost 67 pounds in 12 months on golo. golo and the release has been phenomenal in my life. it's all natural. it's not something that gives you the jitters. it makes you go through your days with energy, and you're not tired anymore, and your anxiety, everything is gone. it's definitely worth trying. it is an amazing product. ♪. neil: all right, elon musk is continuing to testifying and testifying, and testifying, goes on and on. let's get the latest from charlie gasparino following all of this. what is going on, charlie? >> it's a headache for him. it's a headache for tesla shareholders. you know it is bringing up all the controversies, particularly
12:52 pm
the controversy where he said he had a deal to take tesla private at $420 a share. turned out he didn't have a deal. he is being sued about that. that gets to a little bit of the story i broke on foxbusiness.com yesterday about the upcoming biography of elon musk from the author walter isaacson. he has done the book on jobs and other biographies. what i understand it is in the final stages of being written. it could come out by the end of the year. it has been described to me, at least alter isaacson is describing to people as a barn-burner. no-holds-barred, straight narrative. he had tremendous access to elon musk. i think based what i'm hearing this will probably be a problem for him. we should point out that musk allowed isaacson in the tent when tesla shares were riding high. he was worth you know, whatever it was, $300 billion at the time. i mean it was, it was when tesla was riding high and he was
12:53 pm
riding high. then the you know what started hitting the fan. tesla shares have traded off significantly because of management issues. he did this weird deal with twitter to buy it for $44 billion. probably $40 billion too much. and walter isaacson was in the tent for all these controversies. from what i understand he has no deal to hold stuff back. so if i were a tesla shareholder or elon musk i would be, i would be a little worried here. my guess is that you know, he is not going to pull any punches. i think the problem he has, what i'm hearing from people he is speaking with, neil, he doesn't know how to end it. like this story keeps going on. elon musk keeps making news. so that is going to be one of the problems with the book is ending it on either a high or a low note. maybe it's a lower note. maybe it's a high note. maybe it is spacex going public, who knows. back to you. neil: spacex going public, that would be a draw, can you imagine? thank you, my friend, great job
12:54 pm
as always, charlie gasparino following all things elon musk. meantime following this development over ticketmaster prices for concerts, taylor swift events that just got so ridiculous they had to hold a capitol hill rally to talk about it and get our highest ranking legislators to talk about it. i don't know if this involves adele, but if 2 does i give up on the future of america. ♪ i remember when i first started flying, and we would experience turbulence. i would watch the flight attendants. if they're not nervous, then i'm not going to be nervous. financially, i'm the flight attendant in that situation. the relief that comes over people once they know they've got a guide to help them through,
12:55 pm
i definitely feel privileged to be in that position. ♪ at adp, we use data-driven insights to design hr solutions to help you engage and retain top performers today, so you can have more success tomorrow. ♪ one thing leads to another, yeah, yeah ♪ to you, it may just be an elevator. here goes nothing. but for a young homeowner becoming their parents, it's a learning opportunity. come on in. [ chuckles ] the more, the merrier. paris, huh? bonjour! we got any out-of-towners in the elevator? tom. it is not easy. 10th floor, huh? must be a heck of a view. okay, see how everyone else is facing this way? progressive can't save you from becoming your parents, but we can save you money when you bundle home and auto with us. okay, that was terrible. okay, let's hang back. we're gonna try that again. ■ if you're happy and you know it, clap your hands. ■
12:56 pm
■if you're happy and you know it, ride your bike. ■ ■ if you're happy and you know it, then your face will surely show it. ■ if you're happy and you know it, smile big and bright. ■ thousands of kids just like me, are happy every day. and it's all because of generous people like you, who support shriners hospitals for children every month. all you have to do is call the number on your screen or go online to loveshriners.org right now with your monthly gift. because of people like you shriners hospitals for children is able to make an everyday miracle happen for kids like me. .. ■ if you're happy and you know it, dance around. ■ ■ if you're happy and you know it, play a song. if you're happy and you know it, ■ and your face will surely show it. ■ ■ if you're happy and you know it, take a shot. ■
12:57 pm
and when you call or go online right now to donate $19 a month or more, we'll send you this adorable love to the rescue blanket as a thank you and a reminder of all the smiles you're bringing to kids faces every day. will today be the day you send your love to the rescue? when you call the number on your screen right now and give as little as $19 a month, just $0.63 a day, you'll be making a life changing difference for a child just like sarah. your monthly gift today could change your life forever. because of you, we are happy and we know it. thank you. thank you. thank you. thank you. please call or go online right now to give if operators are busy, please wait patiently or go to loveshriners.org right away
12:58 pm
>> just say no, carry-on. >> we have had enough. >> we have had enough of this. neil: i'm sure there were other protesters, some probably saying like taylor swift. they don't like the ticket gouging at taylor swift events. i told you i am not up on this. she's no adele. i'm sold adele had ticket price problems but what is going on?
12:59 pm
>> there is a senate hearing and executives from live nation who owns ticketmaster apologizing for what happened with the taylor swift ticket fiasco. 3. 5 billion requests made for tickets. everyone is mad. what do you do? you have the senate hearing and protests outside the senate hearing. some of those protests -- lauren: 1 people. >> they had four days to organize and they could do better next time but what do you do about ticketmaster. it merged with live nation angie you have a big -- it is a monopoly, 70% market share and you have fiasco after fiasco. taylor swift's was epic. doesn't get worse. heavy demand to but you stock tech glitches, long waits, every thing they did to make sure the bots stay out of the system, nothing worked in their favor.
1:00 pm
there are laws in the books under the obama administration, there's a box law to prevent scalpers buying large quantities. if you look at the fees the government says 27% of fees on ticket prices we don't know what they are. what can congress do short of breaking ticketmaster up, is protect consumers. neil: prices down to reasonable levels and someone has to pay for this. lauren: is the artist and the venue who sets the price. they started to fight ticketmaster in nearly 90s, tried to get around them and it didn't work, they had to cancel the tour. neil: we want to make sure the punishment is swift. look at the time. great job. i have a feeling these guys might be covering it on the big-money show
86 Views
IN COLLECTIONS
FOX BusinessUploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=1016635500)