tv Cavuto Coast to Coast FOX Business February 9, 2023 12:00pm-1:00pm EST
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desert mountain energy, a primary helium producer, is poised for big things in early 2023, with the start of production at their arizona helium project and the commissioning of an accompanying processing facility. desert mountain energy. ♪. ashley: all right, which blood type is the universal donor? brian you're first. >> i think it is o-negative but i think he it is o positive. >> o positive. ashley: you know what the answer is? o-negative. there you go. >> yes. by the way don't forget to send in the "friday feedback." that's it, "coast to coast" starts right now. ♪. neil: we're watching
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developments in washington, d.c., right now where the senate is being briefed on the whole china balloon situation. where the house passed a resolution condemning china for the spy thing. that vote was 419-0. you rarely get votes like that in any body of government. no matter this country or other countries. 419, condemnation on the part of the house saying what china did was obnoxious. aishah hasnie on the briefing going on right now. where all of this might lead us. >> reporter: this is definitely a bipartisan issue, neil. not just republicans frustrated with the lack of answers. democrats walking into this hearing, briefing, rather, pretty tough questions for these briefers. one senator walking in said the administration needs to be more forthcoming and he is a democrat. here is what congressman andy biggs told fox a little bit earlier today after the house
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was briefed this morning. watch. >> tool package, equipment package on that balloon was enormous. second of all we were not able to jam the transmissions unlike what has been been reported. the third thing we tracked that thing for significant period of time and for whatever reason, this administration chose not to dismantle it. the fourth thing is, we're unsure of this we don't know the extent of the program. >> reporter: that is brand new information from the intelligence briefings and it is troubling, neil. that balloon, part of a massive chinese espionage program andy biggs says we really don't know the extent of. it is run by the peoples liberation army. it is designed to gather intelligence on military capabilities. the aircrafts are all different sizes of the they have different capabilities. they have been spotted in five continents, and regions around
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the world. democrat senator jon tester just wrapped up a hearing on capitol hill today. he was grilling the defense department pretty hard. watch. >> this administration owes americans answers not only on what happened this past week but on what steps they're going to take to insure this never happens again. >> but the truth is we think we know what they were going to collect. we don't know. that scares the hell out of me. >> it is incredibly serious and please know as we're recovering the balloon and learning more about it, also including that with what we learned last week we are building our understanding of what capabilities they have. >> reporter: neil, you mentioned the house just unanimously passed a resolution condemning china. something similar could take place in the senate. senator josh hawley introducing a similar resolution, his goes further.
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calling for transparency from the biden administration. he would like to know if the u.s. does similar surveillance over china. neil? neil: interesting. thank you for that, aishah hasnie. what we have heard from the state department on this balloon it was clearly for intelligence surveillance and this of course is gleaned through some of the pieces of it that we've been able to take from the atlantic ocean. buy can llenas is following that south carolina, bryan. >> reporter: neil, good afternoon. according to a senior state department official this high altitude spy balloon was capable of signal intelligence operations. they know this thanks to high imagery photos that were taken by u.s. u2 spyplanes at the time the airship was in the air and it showed it had an equipment package that included multiple antennas that were equipped to collect, and geolocate communications. earlier today the u.s. navy brought in more unmanned
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underwater vehicles to survey the seafloor. naval divers, explosive ordnance teams are recovering debris 50 feet below on the ocean floor. yesterday secretary of state antony blinken said the u.s. government is learning more as they recover the chinese spy ship from the ocean. >> getting more information almost by the hour as we continue to work to salvage the balloon. we're learning from that and as well we're learning from what we saw and picked up as the balloon traversed the united states. as to who is responsible for that, china is. >> reporter: the state department said today also that the balloon was manufactured by a chinese company that was contracted by the peoples liberation army. the high altitude balloon was part of a larger fleet of chinese surveillance balloons
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that do vary in size and capabilities. the spy balloons have been spotted in at least five continents, over 40 countries. the pentagon says it has been aware of china's surveillance program for several years now, including four previous balloons that hovered oversights in the u.s. that were deemed of interest to china. three during the trump administration and one at the beginning of biden's presidency. back here on the water, conditions continue to be incredibly favorable for this salvage operation. you can see the water is like glass, completely still, great visibility for naval divers and for those uuvs, unmanned under water vehicles to do their job surveying, picking up debris. that will get a lot worse this weekend, five tofoot swells, 25, 30 miles an hour which could hammer the operation. neil. neil: it might be smooth as glass. i'm getting seasick watching you. you're a trooper, bryan llenas on all of that. i want to go to congressman mike lawler, new york republican sits
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on house committee on financial services, house committee on foreign affairs. talk about influential committees. congressman, great to have you. you were briefed on some of these matters. are you satisfied with what you've been told? >> thanks for having me, neil, obviously this morning we did have a classified briefing. so i will not go into too much detail on that. suffice to say it is very clear china was using the balloon to spy on the united states and on sensitive military locations across the country. so, you know, they need to be held accountable. that is why we passed this resolution just a short while ago with bipartisan support and it is exactly why the house republican majority under speaker mccarthy created the select committee on china. they are are our greatest geopolitical foe. clearly their actions over the last two weeks with respect to this spy balloon, you know, show
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exactly what we're dealing with and there is a lot of questions still to be answered. i think in due time i'm hopeful the administration will be more forthcoming with the american people about what we know about this program, that the chinese government has employed. but, there needs to be accountability for china on this. this was a clear violation of international law, a clear violation of us air space and a clear violation of our sovereignty. neil: how do you punish china for this, assuming you want to take it to the next level and have them realize the serious of this? economic sanctions? they could go tit-for-tat. this could get nasty. what do you think? >> i think that is partially what we're looking to do with the select committee on china is come up with strategies for how we are going to deal with them going forward on an economic level, on a foreign policy and national security level. but the biden administration,
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secretary blinken was right to cancel his trip. i would like to know, you know, what conditions they are going to set for any future meetings with the chinese communist party and the prc but there needs to be accountability and that is something i think certainly will be determined in the coming days and weeks but you know there are still a lot of questions and specifically, you know, i still want to understand why this spy balloon was not shot down when it came into us air space off the coast of alaska? this could have been avoided long before you know, china was able to traverse across the united states and collect data and despite initial reports, you know today's reporting it seems to indicate that you know they were not able to jam the
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balloon. neil: yeah. >> so there are a lot of concerns out there. there are a lot of questions still to be heard. obviously there are certain things i can't disclose because it is classified and so, you know, i think, at certain point, soon, i hope the president and the administration provide more details to the american people. neil: congressman, thank you for taking time to join us. mike lawler of new york. in this environment a lot of people get nervous and they start saying all right, stocks don't do it for us even though stocks are having a good day. maybe commodities will and do. robert has done quite well. famous rich dad poor dad author among others. he will join us after this. ♪
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the inflationary environment after putting in good numbers last year, off to a slower rate of increase this year. does that worry my next guest who is a big believer in commodities, particularly silver among other things? robert kiyosaki you know him from the rich dad, poor dad seller, become a whole cottage industry. he is a brilliant financial mind. robert, always good to see you. >> neil, thank you very much. i want to say two things before i start. i want to thank you and fox because you allow me to say things cnbc won't let me say. you guys are open-minded. when i speak on precious metals. i'm more than just a writer this is my silver bar came from my mine which i took public in argentina and this is the gold from my gold mine which i took public on new york stock exchange. so i sell stocks.
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i don't buy stocks. thank you for all those years letting me say what i say. neil: no, you're free to is a i night cnbc doesn't like what i say. neil: if you like what you do it, you might as well have your own company that does it, mines it for you. touche there. are you a little disappointed you haven't seen more bang for the buck with these precious metals? silver is a different story. a lot of people like to say it is a more affordable metal, i get that. in an environment like we had you would think that people would be storming to it. i don't know whether a lot of it was diluted with crypto and bitcoin and crypto investments. what do you think is going on? >> agree with but also, one of the reasons i don't recommend, which you allow me to do, don't recommend slv and gld, because it is manipulated. jpmorgan was fined $90 million,
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they're the custodian for slv, for manipulating the price. neil: so you see whatever we're seeing on the price run isn't representative of its actual fair market value? >> right. it is manipulated and you're speaking to every bleeding heart gold and silver buyer. neil: all right. so this isn't reflection, gold, remember, it had run up over 1900. a lot of people say 2000. $2500. wouldn't it be interest of people to control it if you're going to manipulate, manipulate to the upside? >> because we're in the accumulation phase. you foe what i mean? right now the more silver and gold is flowing outside of america than into america and as a miner i'm selling more asians than to americans. neil: that's interesting. how do you explain their interest then?
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because i've been reading a great deal about that. that has kind of turned the cart around a little bit. tell us a little bit about that asian demand. >> because we're asian. i don't mean to be racist here. the indians are buying silver in massive amounts. as you know the central banks are now accumulating gold. price is up depression works at some level because it is in a accumulation phase. neil, when i first started working with you, i was known as the real estate guy but i think today gold and silver are the new real estate if you know what i mean. that is set to go simply because our debt is so high. we continue to print this, i call it fake money. i don't touch the stuff. anyway this is fake and this is -- if it is fake to you you can physically give that to me i will see what i can do with it. >> [laughter]
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neil: i understand what you're saying. this has been expressed by others who are very, very active behind gold and silver, a lot of other commodities. you know, why not just go the route of investing in the crb, a metals index fund, the crb itself, commodities research bureau puts out a lot of agricultural commodities, as you know, robert, advanced smartly and faster than we've been seeing with gold and silver? >> correct. there is a difference between paper silver, sld and gld and physical. like reits versus real estate is that taxes. you pay a higher taxes on slv and gld the other thing too, if i take physical delivery of gold -- neil: you take higher taxes on the gains you have, because a gain is a gain, is a gain? >> taxes is a big problem. neil: why would you pay more for
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silver or gold? >> no, on sl have, the paper. neil: that backs it. >> yeah. neil: so where do you see this going? >> i will say it again, i think, when you interviewed me the first time a long time ago i was known as the real estate guy, what i'm sitting on here right now this is the gold and silver time. we'll see the biggest boom coming simply because it has been suppressed for so long. the central banks are buying gold and indians and chinese are buying silver. silver is an industrial commodity used in all electronic vehicles, batteries, all this stuff. neil: true. >> silver is consumed, gold isn't. so silver, silver is the biggest bargain i ever seen right now. neil: it had a 6% advance year-to-date, is that about right? >> yeah. i mean i don't count that stuff.
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i just count number of ounces i control. i'm a control freak. neil: yes indeed you are. >> so i, the big thing is here, neil, if i wanted to take physical control of gold in an gld i would have to have $18 million worth of gld. you can go to any coin dealer and buy it for 1800, know what i mean? there is advantages to paper and then real. neil: okay. >> same as i don't invest in reits but i own a lot of real estate. neil: real estate investment trusts which are the paper version of the actual real estate. always good see you, robert. thank you very much, robert kiyosaki bright financial mind, distinguishing between owning metals themselves, a lot of paper asset attached to them. a lot of funds attached to them, a lot of exchange traded funds that are also popular vehicles through which to invest, but
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again, it's your choice. all right. disney is doing quite well again and robert iger having his first full quarter as returning ceo after running the company for 15 years. he is now back in the saddle and letting investors know profitability matters. susan li with more on that. susan? >> reporter: robert so formal, neil. the stock has outperformed 25% since his return. some would say in this report card, the earnings card there is a lot to like. cost cutting of five 1/2 billion, because they will lay off 7,000. 3% of the workforce around the world since they employ 220,000. parks outperformed. earnings beat when it came to sales and profits. here is one caveat, wall street giving him the benefit of the doubt here, but anybody else but bob iger, the stock might be down. we saw 2.4 million streaming losses for disney plus here. that is the first loss since the
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disney plus debut back in 2020. they did talk about another frozen sequel. also get another "toy story" as well. nelson peltz says he is ending his proxy battle with battle with disney and bob iger. he likes the job cuts and reining in of costs. we have restructuring. disany split in three division, entertainment division, parks will be on its own and espn. do you find it interesting in the earnings call, espn asked about it, bob iger said he would keep it in house, it has a lot of value but drives viewership and subscribessers. he want asked about nelson peltz and the desantis and florida bill. that will give a board oversees the actual plot of land disney is on cops with real benefits.
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neil: i think the perhaps disturbing news here, they will make another frozen. i only now got that one song out of my head but now they're going to be more songs in my head. >> i didn't ion know you watched "frozen" the first time around and second time this will be the third one. you gave us interesting information, neil, about yourself. neil: well here is how it dates itself. it was a big deal when my daughter was young. now she is collecting social security. i discuss find it odd. i kid, i kid. >> reporter: yeah, yeah. by the way they're reinstating their dividend which i think a big driver for the stock. i counted seven of these price target hikes from wall street today, just on money factor since you were talking about money just then. neil: yes. >> reporter: people like the stock, almost up to 140 according to wall street in the future, job cuts in place, bob iger there and another "frozen" as you like. neil: oh, boy. susan, great reporting as usual.
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susan li. she did touch on ron desantis trying to crack down on disney having its own little kingdom in the magic kingdom. saying they can't have their own police department, fire department, all of that. i don't want to get in the weeds. it's a battle royale in the sunshine state. i wonder what joe biden thinks of that battle, because he is in the sunshine state. those two guys in the same state at the same time. isn't that wild? ♪. if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee, even if it received ppp, and all it takes is eight minutes to get started. then we'll work with you to fill out your forms and submit the application; that easy. and if your business doesn't get paid, we don't get paid.
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not supposed to use it to mitigate his own bad policies. that was not the purpose of that. neil: all right. i'm going out on a limb here that ron desantis is not a huge fan of the president. certainly some of his economic policies as the president visiting tampa, to sell it, keep momentum from state of the union address. sarah westwood from "the washington examiner," following it all. i was thinking about the timing of the president's visit, sarah, that he clearly thinks or maybe the message can resonate enough that florida itself is in flay, even with governor desantis getting reelected by what, 20 points. that it is doable for a democrat to pick up that state in a presidential contest, what do you think? >> i mean it is so many electoral votes for so long had history of being a swing state, democrats in today's political landscape cannot afford not to try to compete florida.
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desantis helped accelerate transformation of florida into a pretty red state. in the cycle of 2022 when republicans performed overall, they still did well in florida. protected seats, gained a supermajority in the state legislature. like you mentioned ron desantis was reelected overwhelmingly. i think that dream is slipping further and further away from democrats, as ohio trended red. they may have to look elsewhere to pick off states consistently like in georgia. neil: i will take a leap here. i would imagine the president will continue to pound the notion republicans want to tamper with medicare and social security in a state quite important to that population, what do you think? >> i was on the hill all day on tuesday talking to republican members ahead of the state of the union. consistently the talking points had gone out, all of them included in the prebuttal, that the idea that social security around medicare were absolutely
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off the table in the context of the debt limit negotiations. they are not part of what republicans want to cut. i heard they basically want to cut everything under the sun from ukraine aid, unspent covid funding, pentagon budget but social security and medicare is not something that republicans are talking about right now because they no that would be politically toxic for them. so it was disingenuous for biden as to accuse republicans during the state of the union. that was reflected how loudly the republican conference booed. this is something that i think biden can make a bogeyman out of as he starts to ramp up toward his presidential announcement. neil: we'll watch it closely, sarah. great catching up with you. sarah westwood on that. do you like to work remotely? what if i told you i still can but you will be taxed twice? i will explain. ♪
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uhh...nope. intuit quickbooks helps you manage your payroll taxes, cheers! with 100% accurate tax calculations guaranteed. ♪. neil: all right, well you know companies are cracking down people want to work from home, work remotely. now the irs is getting involved to make it a tad more difficult. ashley webster on all of that. hey, ashley. >> sounds like the irs, doesn't it? working remotely may be the perfect solution for some. there are tax implications though. it can be complicated especially if you moved around a lot. if you work from home in a state other than your employer's home state, well the employer could face tax penalties as you if you haven't told the irs about the new address.
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best advice, talk to the employer, so both avoid any unexpected tax penalties. one of the biggest questions for remote workers whether they can deduct work from home expenses. the simple answer in no. employees can no longer take deductions for home expenses. only self-employed people can do. you may oh taxes in the state you worked even if you were there for only 24 hours. listen. >> even if you worked there one day, you have a filing requirement. you may know next to nothing. they're probably not coming after you if you owe next to nothing. you have a obligation in 24 states after a single day in the state. >> if you qualify for taxes in more than one state, don't panic if you're worried about double taxed. many states have reciprocity agreement to work in one state, live in another without taking another hit. doesn't mean it can't happen. >> even if you actually did most
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of the work elsewhere, that can result in true double taxation. we're not talking double paperwork, splitting out among states, taxed on same income in two states. >> oh, great. if tax related issues, do you have similar questions regarding remote worker, neil. reach out to qualified accountability. they should know the answers. neil: always a good rule of them on that. thank you very much, ashley webster. take a peek at the corner of wall and broad. we surrendered a 300 point on the dow, down 47 points. skiddishness over course of interest rates. we have fed governors, district presidents give different signals how high, how long the rate hikes could continue, maybe they will slow and stop in the spring how they're doing. that kind of uncertainty doesn't
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help stocks for the time-being. we have the stock market cycles editor and publisher. this environment, peter, an uncanny read of the markets is just telling a lot of bulls out there just be careful, be careful. peter, how do you see things right now? >> well you're right, be careful, be careful, is best way to state it, neil. i, this is an exciting time for me because you know, i don't necessarily believe in buy and sell signals because sometimes they're right and sometimes they're wrong. there was, there is a little signal that i have developed from the vix index. as you know the vix index has been very low now for several weeks and that is a sentiment indicator. a low vix index indicates complacency by investors, not trying to hedge themselves against a market decline. so here is the indicator for me. if we get below a certain level, for me that level is an arbitrary level.
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it is about 19.85 on the vix index, once you get below that level, this is only in a bear market now, below 19.85, then you break above a downtrend line from the preceding high, that is a sell signal for the market. it has been virtually perfect all year this year with four signals. we got a signal yesterday. all my troubles seemed so far away. neil: peter, when you look at that, vix thing you alluded to at the top, where it is low, a lot of people are not worried that could be a counter indicator they're getting a little too you know, too content and they shouldn't be. what do you look at? you're a technical guy. you try to keep the fundamentals out of it, but on that technical basis alone what would you tell investor to do? >> get the hell out. neil: really? >> i don't, it is difficult to tell people to sell all stocks.
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that is usually not a great idea but the best advice i can give people at areas that i think are dangerous for the market, neil, if they're holding individual stocks, i would say put a 10% stop on that. say, let's say for example, you're holding a stock that is $100. say i'm willing to hold that down to 90. if it goes below 90 i'm getting out. it is a trailing stop, if i'm wrong, it keeps going up, 110, 120, you keep trailing underneath the highest price by 10%. that way you're going to protect yourself and at the same time you're not going to take a big, a big killing in the market. you will never lose more than 10% from a previous high. so that's the type of thing that people might do now. i'm foreseeing a really, really continued bear market here, neil. let me emphasize it, that signal
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that i got yesterday works only in a bear market, okay? it will not work in a bull market. vix index. neil: how bad does the bull market get as you see it right now? >> you don't want to hear that, neil. neil: sure i do. >> oak. so i would be very surprised if we don't get back down to the lows, not the lows of 2020 where we had that huge decline in a very short period of time, but i would be surprised if we don't go back ultimately, not going to happen in a few weeks, back to the lows of 2009 again? neil: 2009? >> yeah. i like the way you said that? neil: is depending on the sector or the average, that is at least another 50%. >> it's a long ways down, yeah. there are a couple, here is another thing, neil. there is an indicator called the
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fear and greed index. i don't know, i'm sure you heard of it? neil: yes. >> two of the last five days the fear and greed index has been in extreme greed territory. the highest readings in terms of market sentiment, bullishness we've seen in over a year. so that is number two. there are so many things that i could talk about here, neil. the nasdaq 100 index, one of the things we look at as technicians, i don't want to get too technical here, we look what we call fib gnaw think retracements, .382, .5, .618. so in a bear market, you get decline, start to rally and have a bear market rally. those are the retracements you rook at. in the ndx, nasdaq 100, go to the all-time high, go to the october low of last year and measure a 382, we came within .2
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of a .382 retracement the last week. that is another thing we look at and say, it is, it is time to start paying attention to the things that might happen on the downside. i think you've noticed in interviewing people, all of sudden there has been a pretty good pickup in optimism again. a pretty good pickup in sentiment. neil: has indeed. most of them don't use the numbers and formulas that you do. >> yeah, exactly. neil: peter, peter i think what gives you added sort of oomph, scary oomph is the voice, you have a remarkable voice. do you think if you had a higher pitch voice you would scare the hell out of people less. >> i will try to keep my voice as low as possible, neil. neil: peter, you're a good man. your thoughts have to be shared with an audience so we get all sides out there. pete he he eliades he thering
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out warnings. i would probably looked behind him in math class, copied him, very good with math formulas. peter eliades, consider what you will. jackie deangelis, what is coming up on the "making money" any show. i don't know if she will rain on anyone's parade like peter. >> we're talking about bob iger, cutting 3,000 jobs. an activist investor walking away saying the he thinks the company is on the right track. sam bankman-fried facing a federal judge today about alleged witness influencing. we'll talk about, implications for that case and crypto in general. all coming up at the top of the hour. more "coast to coast" after this. ♪.
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that probably seemed like an understatement to a lot of but it actually, it actually got worse. lydia hu following it all for us right now. quick question, where was the ceo? >> reporter: he wasn't there. you were right, lawmakers asked about that, pointing it out. southwest told reuters that he had a previous engagement. neil: wow. >> reporter: in his place we had the coo, andrew waterson, he testified before lawmakers about the holiday travel meltdown that forced the budget airline to cancel more than 16,000 flights over that christmas holiday season. it impacts, neil, two million travelers. that is the estimate. neil: wow. >> reporter: the executive, like you said he apologized they messed up. they acknowledged that the airline had warnings from the pilots union, watch this. >> did the southwest airline pilots association warn southwest about the issues that led to the meltdown, yes or no.
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>> they warned us about some of issues part of the meltdown? >> why didn't you do anything about it? >> thank you, senator, we were addressing part of those issues. obviously unsuccessful with regard to crew scheduling investing in some areas. >> that is absolutely unacceptable. you were warned. >> reporter: some lawmakers are calling for the airline to make cash hardship payments to each customer that was impacted that would be in addition to the refunds and frequent flyer miles already been issued. focus trained on how southwest will avoid another failure in the future. some lawmakers pointing out a 400 million-dollar dividend payment was made out to shareholders at the end of january. so they're asking about investments being made for customers now? water son saying they are investing in updating technology that handles crew scheduling, infrastructure for deicing planes and trucks. he said that will cost millions of dollars. doesn't know exactly how much.
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that is to come. this testimony comes as the u.s. department of transportation is also investigating the airline over its flight scheduling. also interesting hear, neil, senator ted cruz expressed thoughts during this hearing hopes lawmakers resist the idea of regulating the airline further. he says he trusts customers will make their views known with whether they continue to buy tickets with southwest. neil: if they don't, that ends that, doesn't it? >> reporter: sure does. neil: we have an aviation attorney and a few lot. you have to the best of both worlds there. sal, where is it going for southwest? as lydia pointed out, stood out among airlines having problems. it still has problems. the added one, more pr, lydia and i are getting into, the coo doesn't show up, the coo does. what do you make of it all? >> i was hoping today i would hear some real questions and some real answers. we didn't have that. we had lawmakers posturing.
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we had avoidance on the part of southwest to answer any questions that might put them in a bind later. as a lawmaker you can't keep asking for guaranties. this is an aviation world. we're not going to guarranty anything but the, they kept trying to do that to make their sound bites and i get that but it is going to take a lot of workers specially in the area of the technology which really is what failed here. then on top of that we had the perfect storm, if you pardon the pun with the 10 days of snow, ice, all of that. neil: a lot of the airlines, i think they can cling, this is where i want to tap that fine legal brain of yours, sal, they can get to force de jure the reason for what they're facing. in other words issues beyond their control like all the storms you alluded to but southwest stood out as being particularly ine at handling --
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inept. >> inept, their model is different than all the other airlines. delta 311 flights either canceled or disrupted. that's fine but they use a different model. they use a hub and spoke. everything coming into a main airport like atlanta. if weather is bad in chicago, they can continue cut the spoke off to continue to use and operate their system. that is not what southwest does. southwest goes point to point to point. if something disrupted in the middle of all of that, you affect the dominoes at the end of that line. neil: and they were not prepared for that. do you think that the airline industry itself will do a better job? they're one storm away from having thousands of delayed and or canceled flights? it is as if you know, flyers today are ingrained to know that is a good likelihood. that is how cynical they have become. >> you got to be careful too. because senator cruz is
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absolutely right. don't go overregulating. because if you do that, you put more stress on a system that is already stressed. neil: yeah. >> we saw that. we've seen it in the last few incidents. including austin near miss that occurred recently. we can't stress the entire system any further than it is. neil: right. >> you have got to let people walk with their feet if they don't want to go to a particular airline. that's fine but you got to make it reasonable. you got to have people in there who understand. i'm very happy that the house transportation and infrastructure committee named senator graves, for example, as their chairman. that is perfect because he is an active pilot. he knows the aviation world. neil: that makes a difference. well-put. >> big difference. neil: sal, thank you very much. sal lagonia aviation attorney pilot. hope they get their hands on this but as of now they have the more after this.
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