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tv   Cavuto Coast to Coast  FOX Business  February 22, 2023 12:00pm-1:00pm EST

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♪. lauren: which president created the federal trade commission? mark tepper, was it -- >> got nothing on this one. i will go with woodrow wilson. lauren: woodrow wilson. fdr, number four. ashley. >> i have not a clue. go with number one to be different. lauren: teddy roosevelt. we're all wrong. woodrow wilson. ftc was created on september 26 back in 1914. we have a "fox business alert." powe "politico" reported ha transportation secretary pete buttigieg will visit ohio 20 days after the train derailment. that is it for "varney & company." "coast to coast" starts right now. neil: forget what do you buy,
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more who do you trust? investors had huge losses that wiped out the market gains. the search is on someone to come to the rescue, simply believe n it is not come in ohio. residents don't buy reassuring words from authorities everything is fine. it is not coming out of russia where vladmir putin was well, walking out of a nuclear arms treaty we trusted all signees to uphold, not now. or to china xi xinping seems fine with that. so much so he plans to visit russia to tell putin himself he has his back and something else, weapons to keep the fight on in ukraine. war that won't end, potential nuclear calamity that can't be dismissed, steady march up with interest rates cannotting in in order. anyone say 4% for 10-year treasury, read it and well, weep. nothing sums you have collective angst on what is happening in east palestine right now. it's a town short on answers.
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increasingly short on hope. welcome, everybody, i'm neil cavuto. word out of east palestine, pete buttigieg, transportation secretary of the united states is going to visit tomorrow. more on all of that with mike tobin who is there. mike? >> reporter: neil, it's a cold wet day filled with tension and partisan politics. as you just mentioned former president donald trump is expected to show up here amid the criticism that the biden administration has failed to show up here. donald trump is expected to arrive with cleaning supplies and more than a dozen pallets of water in toe. all of it standing in the face of that criticism biden administration really dropped the ball. transportation secretary to this point, pete buttigieg failed to show up. here is what he told a reporter who tracked him down. >> are you going down there at all? >> yes, i am. >> when are you going? >> i will share that when i'm ready. not talking on the street. >> reporter: of course we had
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the breaking news he did clarify when he will show up. breaking news he will show up tomorrow. president biden tweeted that he has been communicating with leaders in this region as well as epa administrator michael regan. one tweet read, we'll continue to hold rail companies accountable when they fail to put safety first. the president wants residents out here know that we've got your back. ohio governor mike dewine and michael regan made a show drinking the tapwater to show it is safe. the mayor said he doesn't want this to become a political circus. he wants to get back to safe small town living. neil. neil: thanks, mike tobin, in east palestine. bill johnson, republican congressman what he makes of the news pete buttigieg will visit the town tomorrow. what do you think of that congressman? >> it is way late in the game. i talked to secretary buttigieg and i told him, leaders show up
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and he hasn't been here and that is sending a big signal to this community that the administration just really doesn't care. that's the message that they're receiving. neil: so how do you feel things are going? we keep getting reassurances from authorities there things are okay, contaminant levels are fine, the water is fine but it doesn't seem to be resonating with folks there. what do you, what do you tell them? >> yeah. you know it is hard to convince folks that have gone through a disaster like this that everything is okay and i understand the skepticism. the one bright spot in all of this collaborative work of federal epa led by administrator michael regan, and state epa led by the state epa director ann vogel. they have worked hand in hand. i do believe the tests they're running in the air quality, the
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water quality are valid. i trust the science. the city's water, municipal water has been tested many, many, times and will continue to be tested. it says that it is safe to drink. the air quality, they have been running air quality tests nearly around the clock and monitoring those. and the air quality is also fine. residents who have private wells are encouraged to get those wells tested before they drink that water and of all the well tests that have been done so far those also have come back saying that they're fine. resident can also get the air tested inside of their homes. so there is some positive movement but look, we're not going to take for granted and we're not going to be dismissive about i of the concerns the residents here have. they get to determine when this finish line is reached. they get to determine when they're satisfied and when they're not. neil: so, congressman, obviously
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the onus for dealing with all of this comes on norfolk southern, perhaps as it should t was behind the derailment back on february third. we're finding out a little bit more about norfolk southern's financial protections here, how much insurance it has to pay out. it could go as high as $800 million, or that it has the kind of coverage that could get that high. assuming things stay as they are now, it seems that analysts who follow the company are confident that will be enough. there is no way of knowing. it is still early to your point, sir, but what do you think of that? all said and done, norfolk southern's overall obligations here will be under a billion dollars? >> well i can tell you that norfolk southern is on the hook to make this right. it was their accident. they caused this. the governor of ohio, the governor of pennsylvania, administrator michael regan from
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the epa and i have said and i believe that the ceo of norfolk southern also understands that they have a responsibility to make this right. so it is going to be a lot of money but they have got to make it right. they are the ones that have to do this. neil: it seems to me, congressman, you're a lot closer to this than i am, the epa has taken over role, i don't know what you want to call it, maybe the cleanup there. obviously working in conjunction, calling the shots with norfolk southern but do i have that right? >> no, well norfolk southern is actually doing the cleanup under the guidance of the epa, both the state and the federal but the epa administrator michael regan has made it very, very clear they will in fact take over the cleanup if norfolk southern does not. neil: if norfolk southern does
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not i think michael regan, administrator, also said that they, if the epa has to do this they will charge three times what it would have cost if norfolk southern had done what it was supposed to do, is that right? >> yeah. i heard him say the same thing. so it would be in norfolk southern's best interests to do this. neil: got it. congressman, thank you very, very much. bill johnson, the ohio congressman, sits on the committee on energy and commerce which of course is dead center in this whole battle here to see that this town gets back to what it was. someone who is hoping that happens sooner rather than later, ttoma rhodes, enchanted salon owner. how is business there? >> it is very slow. most of my client telecom from pennsylvania. today right now i have three people at your book. neil: you're at the border of pennsylvania, why pennsylvania's
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governor is involved in all of this as well. how do you think authorities are handling this? >> i just think everything is moving so slow and there is no answers for anyone, no real answers. neil: so you hear authorities from the governor on down who say the water's fine. think he draw the line at well water. maybe better part of valor there to continue getting bottled water. the water is fine. the list of contaminants are well below any danger level. you're through the worst of it. i'm kind of simplifying it, toma, what i heard from them, including the governor. do you believe that? >> i mean with the water eventually it is not going to be fine. i mean our streams and going into the cricks and everything, that's not fine.
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i mean, it's just, it's scary, everyone is scared. we don't know what to expect. we don't know how long it is going to be before maybe our water gets contaminated. we discuss don't know. neil: so i want you to listen to something, i had a chance to talk to your governor yesterday, mike dewine, and get his take on things. of course there was that famous scene in a woman's home he and the epa administrator and others were drinking the tapwater to say it was fine. beyond that he was trying to reassure folks like you that you're getting through the worst of it. this is from governor dewine yesterday. comfortable with the tapwater. reason i mentioned it, people might say test fine now, perfectly okay to drink now. that might not always be the case. shouldn't part of the conservative approach here to be not to drink it in the meantime? >> look if people don't want to drink it that's fine.
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that's up to them. neil: all right. so governor dewine on this whole water thing was essentially saying, toma, it is your call if you feel uncomfortable, even if your customers come in feel uncomfortable, drinking it you don't have to. what do you personally do? >> well i mean my clients aren't worried about drinking the water. we have bottled water for them. they're worried about water being used on them. your skin can absorb so much, if there is any traces of anything in the water. they're just afraid. neil: i can see that. we're getting reports where a lot of kids in your community, there is no team they can play because other teams are afraid to come to your town whether basketball, other sports, they're sort of ostracized. that might last a while. one woman had her home on the market. had to shelf that because
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obviously the buyer was scared off. where do you see this going? >> i mean, it's like the unknown. none of us know what's going to happen. like we're in a nightmare and you can't wake up. you just don't know what's to happen. people are worried about their property, you know, not being worth anything. i mean who is going to want come here and live? this was such a nice town, a nice community, where you know, people getting together, go to church, you know. i mean, it is just, it is scary. neil: yeah. i can't even imagine. toma, hang in there. i would love to get back with you, find out how things are going along and your business is doing. t salon owner, owns the enchanted salon. customers are tough to find today. more details on timing of
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pete buttigieg's arrival there in the community tomorrow. donald trump plans to visit later today. he will be bringing with him water and some supplies we're told. we'll get a better sense later on in the day. meanwhile wall street attempting a comeback certainly the dow's worst performance since the fall of last year. all the major averages eking back but of course this is the day we'll get the fed minutes from the last meeting. remember that was the one where they raised interest rates only a quarter of a point. we're hearing from people like james bullard that the inflation threat is real. to avoid further inflationary threats they have to be much more aggressive. does that mean a half point hike? does that mean a series of half-point hikes? we're on that after this. ♪.
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♪. neil: we're moving up neil mail today for a reason. there is a theme what we have offered. that is why you have this delicious animation where the head on the body is bigger than
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my body. my body is big enough already, to make the head bigger, but i digress. this is not about me. about texts, emails to me. the theme any way is on the fed rate hikes whether they're going a little bit overboard. depends who you talk to. for example steamboat tweets, when fed members like james bullard of the st. louis fed by the calls him a ego meg la maniac, wants only politicize, iron fist policy singularly shows how perverted the fed has become. a lot of people agree they're going too far on the rate hikes. they are torpedoing the economy they're trying to help. lisa tweets, they continue with government policies to put money into the economy, i see no other choice but the fed to increase rates higher and faster. if everyone was on the same page the answer might be different. that is the problem. they're not on the same page are
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they, that is a worry too. gary writes, they can't get to 2%, i think you're referring to the inflation level they want back down to 2% on apallized rate. north of 6% down. if they're going to nickel and dime it, fish-or-cut-bait i will watch. essentially you have your doubts to get to 2% from this level, obviously means you will have to keep hiking rates and that's the fear, that's the worry. we have scott martin here to digest that in the flesh. >> sitting on the desk here with you full of fear and worry. how could i ever live up to this possibility. neil: it is a challenge as they say. it is, you and i were talking during the break. i would be telling what we would be hearing from viewers, there is not a whole lot of trust in the fed here. there is a lot of concern with the constant hikes in rates they have put a lot of homeownership possibilities -- >> on hold? on ice. neil: it doesn't appear to be
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slaying the inflation beast. what do you say? >> that is the weird concept i think it is saying the beast. the problem ask the beast is more massive than any of us thought. certainly more than jay powell thought when he said it was transitory. the beast is serious. neil: running at 9%, now 6% clip. >> beast was working out all summer long last year, we're sitting on beach hanging out having daiquiris at least i was, inflation going crazy. it was great summer. inflation shows up to get to 9%. it is hard to stop. the point is, one of the texters emails said that, the 2% we'll not get to again. that is probably unreal lies aches mortgage rates three or 4%, unrealistic. let's take a step back, well if we get back to five or so% inflation, 4% inflation, mortgage rates at, stablize at around 5%, that really a bad thing? is that a thing the economy can't handle. neil: retreat from the 2%?
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>> i think they have to. neil: or market come on them like you know what? >> i'm not sure. market starts to realize what is reality, what's not. what is possible, what's not. a good friend of mine back in year i was born, 1978, i believe in new jersey. wait, good friend of mine paved 50 percent for had his mortgage. neil: urn born in 1978? >> i think so. they tell me i was. it was so long ago. there were rates fellow paying for, might have been you, rates in the 20s. we're complain about rates at six. neil: right. >> we have economic growth this year depending what fed you believe, atlanta fed 3%. neil: what was your first mortgage? >> gosh, i still need to get one t was four or 3.75. everything is cash. everything is a back-room deal but it was about 3.75. i felt like i was ripping off the bank. neil: oh, god. we're 3.9, almost double that could go a lot higher. >> roughly, we've seen home
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sales, existing new and slide. >> crash. neil: i'm wondering price of those homes, by and large have not. >> they haven't. neil: what do you make of that? because that is not sustainable? >> that is the last fallout, the next leg down to come. i think it is possibly a good thing for the last couple years, neil, coming out of covid home prices went nuts. some speculation going on was not quite 06, 07, pretty rough in the sense how fast prices were going up. cash deals were on the whim. so to me home prices need to correct a little bit. folks need to be real how much their home is worth, given that you said finance something more expensive now, it will suffer in price. still, my friend, a crazy amount of lack of supply because there is not still a lot of housing development. yes a lot of multifamily things. look around. we've been looking at different cities because chicago is not the best place to live right now, news flash, fox news alert big mayoral election. >> big time in a few days. looking okay, with respect there
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i will be somebody different. it is not great. folks are moving around. demand is shifting around on the country, putting stress on supply already constrained with price. neil: i always point to the job market. it is pretty strong, half a million jump this month, even layoffs on percentage basis they're relatively small at this point in so-called economic correction. so do you like that or are you saying it's a matter of time? >> i think it's a matter of time. i don't think it is the big employment crash. i think that is a good thing from the stand point one of bombs we have so much inflation we don't have the staff, we don't have employees out there to make stuff this is demand driven inflationary environment but it is also very supply driven the keep employment picture relatively healthy here, i know the fed wants to crash, i don't think that is a great thing, one thing i argue with them about, make more stuff, get more goods out there, prices
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come down, at least stablize. stable is okay. going down in all the rates, borrowing costs maybe not necessary, stabilization at 4% interest rates on 10 year will be okay. neil: we're teasing that. >> yes. neil: getting fed minutes out later today. that was the meeting they raised rates only a quarter of a point. >> we were on together that day. neil: now they're talking at least some in your face members should have been half a percent. next go round it better be half a percent what do you think of that. >> it better not be. market says we want quarters on the way out. couple more quarter basis point hikes, two more of them i think the fed will chill. i really do. neil: we shall see. scott martin on that. that comes out 2:00 p.m. hour 1/2 from now. what i noticed, scott would know this far better than i, every time we get the minutes, musings of jerome powell, person in real time or back six weeks ago in this time the market sells off.
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they're really debbie downers these events when they happen. this might be the exception today but the expectations are that even with the runup we've had once people take a peek at those minutes maybe that will set off another selloff. we'll see. it happened in the past, virtually every time, after this ♪. so it's decided, we'll park even deeper into parking spaces so people think they're open. surprise. [ laughs ] [ horn honks, muffled talking ] -can't hear you, jerry. -sorry. uh, yeah, can we get a system where when someone's bike is in the shop, then we could borrow someone else's? -no! -no! or you can get a quote with america's number-one motorcycle insurer and maybe save some money while you're at it. all in favor of that. [ horn honking ] there's a lot of buttons and knobs in here.
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♪. neil: think about what has been going on the last couple days with the president in warsaw, all of that. simultaneously you have vladmir putin bowing out of nuclear arms treaty, the last real big one between our two countries. saying i'm not part of it anymore. then you get xi xinping announcing he will be going to russia presumably to show his
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support for vladmir putin, not to mention maybe some arms, maybe some heat tall arms for the ongoing war in ukraine. peter doocy following ought of that out of warsaw. hey, peter. >> reporter: neil, after striding through a war zone, standing in front of 30,000 warsaw locals to rally them against russia, president, it is time for president biden to go home. the latest video we have took a little bit after tumble up the stairs of air force one. you can see it, just about to happen here and down he goes, but up he goes. he continued along on to the plane. he was walking gingerly today, taking a knee hard with some refugees yesterday. we don't think that will be the focus of entire trip. that is just the new video. focus letting russia know if they team up with china in ukraine, nato will try to der them. president biden: article 5 is a sacred commitment the united states has made.
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we will defend literally every inch of nato, every inch of nato. and, this is an important moment. >> reporter: the russians are saying they welcome china's help in ukraine as the two powers meet in moscow. the fact they're meeting like this at all, that china's top diplomat is defying or at least ignoring america's top diplomat. >> secretary blinken has had a very candid discussion in munich mr. wang yi, and made clear to him there would be ramifications and consequences. >> reporter: a lot of activity here in warsaw the last couple days. president biden should be back in d.c. 7:00 tonight. a lot of questions await him there about what he is going to do now that china is apparently preparing to possibly offer lethal aid to russia. neil? neil: as you've been reporting, that would be a real game-changer. peter doocy, get home safe.
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peter doocy in warsaw. i want to go to lieutenant colonel danny davis, defense priorities senior fellow, military expert, genuine war hero. hates when i say that, but he is. colonel, let me ask you a little bit about what china is doing here. i don't think people appreciate the magnitude of it enough because if you put it in context, the same week we hear vladmir putin say, i'm shelving this, you know, nuclear arms treaty i have with the united states, in a few weeks i'm then meeting with the leader of china, who has promised me all sorts of things, that is a big deal. >> yeah, look, i mean the reality is that when we keep pushing both russia and china into two different directions, almost inevitably will pull them together. that force has been going on for a while. we keep talking about what things we're doing in the asia-pacific region, putting more military bases out there.
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at the same time we're leading a 50 nation grouping for ukraine against russia and talking openly about having them, you know, lose the war of course they're going to find any kind of allies they can and we already see that both china and iran have been increasing ties. you have china and russia increasing ties and russia and iran increasing ties. all of that is working together, as a foil against us. that is what they're doing, just out of necessity. we may not like it but i don't see how it would be any other way. neil: then the question becomes if china does start providing not only support but then arms for russia in ukraine, what would constitute a threat to you? i mean, i guess any arms, we've been talking increasingly about lethal weaponry. what would that include, colonel? >> you know, it's, i find it a little bit puzzling that biden's making all these comments about you know, reinforcing article v
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as though there was some threat that russia would go into any nato country and right now there is no threat. look after a year of war russia is barely got 20% of the country on its border there. they may not play be able to hold all of that over time. i'm not sure why people think we have to band together or he will go further. the issue with china and russia right now may provide them with more ammunition, artillery ammunition, one of the things they're running a little bit short of. mostly i think the long-range missiles, the components to make their own. if russia could suddenly turn up to start hitting missile volume much higher things could go much, much worse for ukraine. but there is no risk whatsoever that russia will go into nato and trigger that article v. because that would be suicidal for them. neil: there is growing impatience in this country among more and more, colonel, about the length of this ukraine war
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now at a year. a number of republicans in the house for example, leading effort to say spend money here, not over there, referring to billions we've given ukraine. vladmir putin is watching all of this i'm sure. your thoughts? >> well, of course i mean he wants putin wants anything that will help him win the war but we can't make our actions based on what putin does or doesn't lack but there has to come a point where at some point the administration, first of all tells the american people what the strategy is here? what is our objective, what is the end state we desire? is it physically to defeat russia, we'll stay as long as it takes? look that could be many, many years. are we ready to sign up for 100 billion in the first year but tens of billions, scores of billions every year it takes? do we really want to push russia into a corner ukraine did succeed, maybe threaten crimea it could escalate to a nuclear conflict which is a very real
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possibility? those are not in america's national interests. i think we need to seriously reconsider what our strategy is. neil: with would get a vladmir putin to end this? i mean you know, obviously the ukrainians are saying we want crimea back, we want you out of the east part of the country, nothing, so you get nothing. >> right. right now there is zero chance -- neil: he doesn't leave unless he gets something, right? >> there is zero chance of anybody negotiating right now because ukraine thinks with our support, that they're going to win back everything to the 1991 borders. russia has believes this is existential fight, they think the whole west against them. they're not just going to surrender and go home. what you have got to find is some kind of a place where both can get something they want and right now that is going to mean that russia is never giving up ukraine. if we try to press that, then the chances for nuclear weapons goes way up and we have to be realistic about this, neil. we can't just say we want ukraine to win everything and we don't want this thing to
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escalate because at some point reality has to step in that we've got to negotiate with the reality on the ground. that is almost certainly going to mean russia will come away with something that they have in ukraine right now. the issue is, let's don't make it wait so long ukraine actually loses more before a negotiate the settlement because that is possible. neil: we're at a standoff t could be going on for a while. colonel, always good seeing you, my friend. thank you very much. >> thanks. neil: this side of the globe, our side, united states side, at least 23 million americans are under winter warning storm path could encompass 20 states. growing by the minute. thousands of flights have already been delayed or canceled along its path. that is something increasing by the minute. the latest on where we're going after this. ♪.
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voya. well planned. well invested. well protected. ♪. neil: you know for people that work with me they know i love weather stories. i'm not remotely an expert at it but we have some of the smartest weather people on the planet here at fox. amy freeze is a good example. she was hired simply because of her name. she had the gravitas to go along with it. amy freeze fox weather meteorologist. >> it worked out okay. neil: you were born that way. >> my dad is mr. freeze. if you're watching, what's up. neil: this is a doozy. >> this is a wild storm that we've got. kept us real busy with fox weather. this is 2,000-miles in range. let me show you the setup. we can get into details. you can see the range of this. a lot of snow in the northern plains, two feet in the rockies.
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northern montana going up to 30 inches. top five storm for minneapolis. minneapolis get snow this time of year. those reds on the map are for blizzard warnings. those are on the doorstep of minneapolis, blowing wind conditions and zero visibility. this storm is not just expansive of the snow it could produce in minneapolis up to two feet late tonight early tomorrow, but because of the ice. temperatures are tricky. a real tough forecast to nail. milwaukee, detroit, getting ice over long duration, not just snow totals, all that pink, feet of snow, neil, once we talk about ice, that gets dangerous. sloppy and dangerous for travel, take down streets and powers lines. all of sudden you have people in the dark. this is long duration. this could take us into friday. that is the problem. it spreads into the great lakes. taking us into the northeast. neil: meanwhile in the northeast, a lot of people complain where is the snow where
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is the snow. why is that a mom any. >> new jersey. that was not enough? neil: where are we with that? >> we're basically snowless in a lot of places along the i-95 corridor. take new york, d.c., philly, add them together they have had less snow this year than atlanta, georgia. we have a situation with the jet stream in a position doesn't favor a lot of moisture for us. when we have the moisture we've not been able to tap into the cold air so the conditions have not come together. for that we're basically snowless. looking into february. thinks don't look favorable aft sneaky pocket of cold air could come into new england. we don't have that. we have to wait until with we reach march. neil: march, traditionally we have storms but it is not a slam-dunk yet. >> it is not a slam-dunk. there have been a couple of storms. new york city's history that make the top 10. meaning they were monster storms that came late in the season, february into march. it is not out of the question
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but right now not a lot of things favor that not the jet stream pattern. we're finishing up la nina season in general turned out to be pretty weak for us for the winter overall. we had one blast of air around christmas and we're -- neil: supposed to get cold this weekend. but no snow with it. >> you and i are the same. i say it will get cold. going back what it should feel like in february. coming back to near normals. it hasn't been normal. to you and i that feels cold. so relative, a lot of people haven't used heavy winter coats on the east coast. that is kind of wild. neil: you've been loving this since you were a kid i bet. >> i grew up to be veterinarian, newspaper writer, as soon i got into college, freeze is your last name. you should be a meteorologist. we went back down that road here i am. lucky me to be with fox weather. we have a great group. neil: i have the same conundrum. cavuto, they wanted me to do pizza. no i want something else.
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you really are good at this, amy. thank you very much. amy freeze. now you know the rest of the story. >> always a pleasure, neil. neil: thanks, amy. we'll see how it sorts out. amy was telling you 2000-mile swath of a storm. it will be a doozy. we'll be on it. so will amy. jackie deangelis what is coming up on "the big money show." we're in for a lot of snow. >> neil, we'll be watching that. we'll talk about president biden wrapping up the overseas trip. charles payne will talk about markets and a little bit of life as he joins us on set, at the top of the hour 1:00 p.m. eastern time. more "coast to coast" after this ♪. you'll always remember buying your first car. but the things that last a lifetime
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administration just really doesn't care. neil: oh, i apologize there, i thought there was a follow upbeat to that. this is congressman johnson of ohio who of course is very happy to hear that pete buttigieg, transportation secretary will be visiting east palestine but today it is a president, not this president, but former president donald trump will be paying a visit. tiana low from "the washington examiner" on significance of all of that. always good seeing you. obviously this is a chance for anyone running for office, in office to show that they care, that they're involved and send a message as well. how do you think the president's visit, that is donald trump's visit will go down today? >> so this is the donald trump that i think a lot of his core supporters have been waiting for, right? compared to his past two runs this bid for his presidency is a little low energy to use trump's
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rhetoric. he has been spending a lot fulminating about challengers, potentially would of be challengers like ron desantis. this is how he ran and won in 2016, right? not making the campaign about me, me, but making it about people who legitimately were overlooked and abandoned by the federal government. let's not forget joe biden is happy to rely on the ohio epa in conjunction with norfolk southern saying that the water in east palestine is fine to drink, right? the federal government has not been in there to test the water. they have been relying on what the private company itself is saying. so donald trump, he specifically ran in both 2016 and 2020 on the laurels of a bigger government republicanism, right? this is a chance where he can point out, right, that the federal government has allowed, allowed railroads continue using brakes designed in the late 19th century. they have not upgraded the brakes. this is the failure of private
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industry and federal government. this makes him look presidential. quite frankly this is a change in focus his campaign has sorely needed. neil: it is interesting, you mentioned his visit, joe biden wants to get there, hasn't yet but i heard out of the biden administration, a lot of softer rules for the rail industry came during the trump administration. i have no idea whether that is true or not, tiana, already wasting little time with politics with this. how do you think trump should handle that or should he on a visit to these people today? >> so sadly i don't think most campaigns are incredibly focused on the minutia of the detail of policy. neil: i think you're right. >> but it is true that trump led the push that the obama administration started to make the brakes electric, that he let that push you know, sort of fall apart. that push was no longer put on the railroads. which is really disturbing considering that the train that derailed was over a mile long. so you're talking about manuel
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braking systems, not electronic, which can stop the entire train at once, right? but joe biden, his doj is backing norfolk southern in a supreme court case specifically about labor safety and worker safety. the issues that really created this derailment and created this toxic environment for eastern ohio. so i think trump very easily, i mean he does a pretty good job of blaming this stuff on the deep state, right? blaming people who worked for him. he wouldn't be changing his tune if he blamed people at lower levels in the administration for letting this lapse but he could really grab this, right? he was in a position. i was there in the federal government. i saw how difficult it was to change that would be something differentiate them in the field like tim scott or ron desantis not involved in that level of federal regulation but the thing is can he keep his eye on the ball. neil: that is a big question, thank you. >> thank you, neil. neil: at corner of wall and
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i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. life is for living. let's partner for all of it. i'm so glad we did this. edward jones neil: reparations is not just
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for californians anymore. they will actually put it out for a vote. grady? >> reporter: are growing number of cities, states and counties across the country are considering reparations. you noticed shelby county, tennessee. they are one of two we have identified that are looking to use federal covid relief money to fund those programs the commissioner sponsoring the proposal that is up to the vote today, $5 million in covid aid to study the possibility of a longer-term reparations program, that 5 million would come from the american rescue plan which congress passed and president biden signed into bar in 2020 one but some in congress suggest using the excess funding to pay for those types of programs to be used in other places like paying down the national debt instead. >> of states and localities use
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this for reparations or other projects that have nothing to do with covid 19, that the misappropriation of funds, those dollars should come back to washington immediately. >> reporter: we reached out to edmond ford junior, one of the county commissioners in shelby county cosponsoring that proposal. he says the pandemic money should be used for these purposes because the pandemic intensified racial disparities in all sorts of areas. julie: we will see where this ultimately goes. i want to close out with a look at the dow, 78 points. the meeting, they increased rates 1/4 point and sent a signal that was going to be the size of the next point but that might not be the case. we could get signals from them but jackie deangelis. jackie: hello.

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