tv Cavuto Coast to Coast FOX Business March 31, 2023 12:00pm-1:00pm EDT
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stuart: you're sure? susan? >> oreos. stuart: ashley what you got? ashley: chips ahoy. milano is too expensive. stuart: yeah, you're right there , ashley. well, i've never had a fudge stripe, i'm not sure about chips ahoy. milano, yeah. oreos i'm picking oreos. the answer is, thank you, ladies and gentlemen, oreos. 14 billion oreo cookies are produced every single year. lauren: i thought it was too obvious to be the oreo. stuart: i got it right. don't ever forget. "varney" got it right. thanks to everybody for contributing to friday feedback. ladies and gentlemen thanks for being here. times up for me. "varney" & company is over, but "coast to coast" starts now. neil: next tuesday could be crazy. today, not so much. fox on top of a trump indictment some say is over-the-top. no matter it is on but here is
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the thing. so is this stock market rally. clearly divorced from what could rip lower manhattan next tuesday when the former president is formally expected to be arraigned, after all, political upheaval is one thing, banks stabilizing and inflationary pressures easing are far more important things at least to these investors. today we're on top of both with former new york congressman lee zeldin who likes stocks going up but isn't keen on what he calls a democratic assault to take a former president down and democrat big wig done peebles on why democrats need to be careful on what they wish for , all that and whitewater deputy independent council saul weisenberg, on what the former president might have to worry about but the other ones that are backing up like planes at laguardia airport. welcome, everybody, i'm neil cavuto, so glad to have you on a busy news day, and next week,
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well don't get me started. we're following everything right now with what could go down in lower manhattan next week, next tuesday. bryan llenas to do the honors there. brian? reporter: neil, good afternoon. well, trump's lawyers say that manhattan's district attorney alvin bragg wanted the former president to be arraigned today but the secret service had some other thoughts on that, and instead the former president will be arraigned and surrender on tuesday at 2:15 p.m. at the manhattan criminal courthouse which is behind me. as for what to expect on tuesday there's an ongoing negotiation between the secret service and d a alvin bragg's office for we are told that the former president will not be handcuffed when he turns himself in. once the president flies from mar-a-lago, florida to new york city, and makes his way to the courthouse, which these are live , this is live footage actually of that courthouse today, we're told there will not be a public arrival, or a perp walk in front of the
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cameras. we expect him instead to be fingerprinted and have his mugshot taken before he's brought into a courtroom and told his charges. presumably he'll plead not guilty and be released. now, the indictment is sealed, which means trump and his own lawyers will not know the charges he faces until he's in front of a judge at his arraignment on tuesday. reportedly though, he could be facing dozens of charges related to business fraud. now, this morning, bragg's office declined attempts again by republican house judiciary chairman jim jordan to testify and to provide documents and evidence regarding trump's indictment and in this letter to jim jordan, bragg's office wrote , "we urge you to refrain from these inflammatory accusations, withdraw your demand for information, and let the criminal justice process proceed without unlawful political interference." republicans like jim jordan, obviously, neil, have been calling this a political witch hunt, and that's what bragg was referring to. we're also told today, neil,
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that law enforcement is meeting at 1:00 p.m. to discuss security precautions for tuesday's arraignment which obviously is unprecedented, and we're also told the nypd has been ordered to be in full uniform and be ready to be deployed at a moment 's notice. neil? neil: man oh, man that's going to be surreal, my friend, thank you very very much. i want to go to grady trimble now in washington. how they're reacting there specifically to what some republicans are calling alvin bragg's overreach. grady on capitol hill. grady? reporter: neil, republicans in congress, particularly in the house, have ratcheted up criticism of manhattan district attorney alvin bragg. house speaker kevin mccarthy tweeting as he routinely frees violent criminals to terrorize the public. bragg weaponized our sacred systems of justice against president donald trump. the american people will not tolerate this injustice. almost across-the-board, republican lawmakers say the indictment of former president trump is motivated by
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politics. >> they want a mugshot, stuart. that's the most important thing. they want a picture of donald trump in handcuffs. they want a mugshot. this is something to rally the base. this is a political stunt. we're concerned about what this does to the entire judicial system. reporter: congressman james comer, one of three committee chairs who brian mentioned are looking into district attorney alvin bragg's investigation into and now indictment of former president trump. bragg today responding to the claims that the probe is politically motivated, calling them "base less and inflammator" meantime senate majority leader chuck schumer has this to say. donald trump is subject to the same laws as every american. he'll be able to avail himself of the legal system and a jury, not politics, to determine his fate according to the facts and the law. it is worth noting to people we haven't heard from neil, yet,
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that's senate minority leader mitch mcconnell. he of course still recovering from that fall. his number two, gop senator john thune also has remained silent so far on this indictment neil? neil: thank you for that, grady, great job. want to go to saul weisenberg. he played an important part in american history, a whitewater deputy independent counsel. thank you for taking the time. >> happy to be here. thanks for having me. neil: let me get your sense, there's so much we don't know, it's a 30-plus count indictment, i get that so we're not aware of the particulars so it's a little bit of a leap on my part to take a leap from this , but again, i'm told that as important as this case might be and the extreme position being taken by republicans and democrats defining it, far more meaningful cases could be coming, but this is just the tee off. what do you think? >> well, it's an interesting
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point. here is the thing about those other cases, neil. whatever we end up thinking about those , if they are charged, those , if they occurred or are serious crimes. they are real crimes. improperly storing or having, possessing classified documents, obstructing an investigation into having the documents, the events of january 6, the georgia grand jury, obstruction probe, those are all real crimes if they indeed happened, and the former president committed them. this is something completely different. this sets in new york. this sets a terrible precedent because whatever bragg's motives are, this is a real stretching of the law. a novel application of the law. don't let anybody tell you anything differently to go after a former president, and i think they are going to reap the whirl
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wind on this. now, every da, every ideological da, left or right in the country, will feel free to bring an indictment and by the way, it wouldn't necessarily be against a former president. it could be against a sitting president. there's nothing in the language of the constitution that prohibits that. neil: many tell me, when you were dealing with the whitewater thing, if you think about it, that started out as looking into real estate transactions, a land deal, if you will, and it spread to other things and ultimately former president bill clinton's affair with monica lewinsky, so these things i understand. is it possible given the number of counts we're looking at here that this has veered into areas we don't know. maybe additional women, or additional charges that go beyond what we think is the case here of hiding transactions to pay off a porn star. >> well, you raise a couple of
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points. first of all, remember there was miss direction this week. there were leaks indicating that the indictment wouldn't be until next week, and then you had the indictment here, so we could be seeing same thing. i'm very concerned about the fact that this indictment, they announced the indictment but it's under seal for several days, and so maybe there is something there and something new, but we have to go based upon what we're aware of and the public record and that brings up your second point. the 34 counts we're hearing about. you know, i can get you a 34- count indictment by tomorrow afternoon, right? you can take any indictment and gen up the counts, to make it look more serious than it is so if we really do see a 34- count indictment to me, that's another sign of prosecutorial stretching. in my old office, the u.s.
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attorney's office for the western district of texas, somebody brought us once, one of the new young assistants brought us a 99-count mail fraud indictment and we said we don't do it that way here. you don't need to do it. neil: that's incredible. you know, i have noticed in history though, sol, that some of these other cases involving bill clinton, going back to richard nixon. sometimes there can be, you know , a thought of charging a crime, but ultimately never ending up in real punishment. i mean, i'm thinking of richard nixon's resignation which warded that off. there could have been additional charges and it was a moot point because gerald ford had pardoned him. in the case of bill clinton, i think he had settled with the office and agreed to five years be banished as a lawyer, pay a $25,000 fine, that was the end of it. this is a whole different beast, i grant you. how do you think this plays out in that respect? >> well, i think from what i
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understand, i'm not licensed in new york, but from everything i've read and understand, this is the kind of case that even if you went to trial and you were convicted, you would normally expect probationary sentence, but i really don't think it's going to get to trial i think that it's legally so weak that even in new york state , it's going to ultimately be thrown out. neil: you know, this is a dumb question but you've been very patient dealing with them. i wonder about those prosecutors pursuing these other cases, whether it's the classified documents one, what the president did to trigger the january 6 march on the capitol. his role in trying to flip the georgia election, all these allegations out there, but those leading those charges, do they recent this case coming first? in other words, that it takes legitimate attention away from what could be potentially far more legitimate cases, period.
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>> well, my guess is that they're not resentful that somebody else got publicity. my sense is that they could be very worried because this is going to be seen, i think, and from the initial polling, even by a significant number of democrats, maybe one-third. a majority of all americans and obviously a big majority of republicans, this is a clearly political indictment and it's going to be seen as a real stretching of the law about something that even if it happened and even if you can charge it as very very minor, and so the real danger is that they're going to see , the people are going to see the population and the jury poll are going to see any subsequent indictment as tarnished because of this , so i think i would think they are not happy. neil: very interesting. sol wisenberg, thank you very very much. look forward to chatting with you. i learned a lot. playing a crucial role in the
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whitewater investigation. by the way just a reminder today at 4:00 p.m. eastern time i'll be talking to former vice president mike pence, what he makes of all of this. he has already been called to testify himself before a grand jury investigating the january 6 attack on the capitol, or at least that's what the prosecutor s are calling it. he has a very different view of that. i get an update on that, what he makes o of these latest charges against his former boss, and how he's getting along with his former boss, if they even talk anymore. we'll have more after this. and i remember kind of thinking like, "oh my gosh, i think we could be sisters." because i think we looked... yes. right. yeah. and i don't think at that time- i think you're the one to tell me that we had the same birthday. yes. it's really unbelievable when you think about it, because it's been, like, really over 20 years that you were my mother and father's banker,
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neil: all right, yeah, seen in lower manhattan right now, this is going to be a zoo next tuesday, folks. that's all i can tell you. you've heard these the nypd has put out announcements that the new york police department that all officer are called for and might be called on that day in case anything goes a miss of course that is the day that we will be making a little bit of history, whatever you think of these latest charges, this indictment to go down against the former president. we don't know all of the details of it. we do know it's historic because its never happened to a former president let alone a sitting president, but it will all go down on tuesday as donald trump is formally indicted here. the arraignment is tuesday and in that, he might face a mugshot
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, might get fingerprinted i understand he will not be handcuffed, and will likely leave afterwards on his own re cognizance and back to florida we don't know all of the details but we're following closelies as my next guest who came within a whisker of becoming new york's first republican governor, the former new york congressman lee zeldin kind enough to join us. great to see you. >> great to be with you. neil: i know you're not a fan of alvin bragg and what could come down. we don't know all of the details of the indictment. we're told 30-plus counts. i don't know what the deal is here but it's certainly going to upend lower manhattan next tuesday. what do you think? >> oh, yeah that's for sure. the good news, i'm not expecting people to come out to the streets to burn the city down. there have been times where right-left people get fired up and as we saw back in 2020,
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cities across this entire country started burning down, riots, people targeting police. i would certainly encourage anyone whose coming out on any side of this debate to be protesting peacefully, and i do expect a lot of people to be coming out on both sides of this debate on tuesday, but at this point i'm not expecting any violence. nypd working with secret service on multiple levels of government , closely coordinating with each other. i think that the nypd will be prepared to do an exceptional job to be prepared and secured. as far as the population goes, we have a longstanding bigger issue with this district attorney, with all different kinds of crimes that he just won't enforce across-the-board. other crimes that he's been treating is lesser included offenses that started with his day one memo. the first day that he got into office, right before he took office, he was publicly saying that he was going to be going after president trump.
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he didn't even know yet what the charges were going to be, what the facts were going to be and he said he was going to do it personally. there was interview that michael cohen was giving last night where he was talking about how 10 times he personally was with the district attorney, alvin bragg for questioning at the da 's office so that level of personal involvement in this one case is further undercut by this past history that this is not a law and order district attorney who is enforcing laws consistently across-the-board. as a matter of fact up to this we've been seeing quite the opposite. neil: now, again, we don't know the details of these other counts, but it's possible he has other things we didn't know. after all most thought when we got a heads up there was a month-long kind of vacation, not a vacation but they weren't going to reconvene for a month, the grand jury, maybe this wasn't going to happen and we were surprised yesterday, well it is happening. do you think there could be more to this than we know?
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>> well, for sure, we are here commenting on what we know. what's been reported. neil: right. >> i think that some of the interviews that have been done especially when you have somebody like michael cohen who has been held out to be potentially a star or the star witness, he's publicly corroborating what's being reported of what this is about, so i do believe that this is related to a allege ed hush money payment to a porn star. now, the theories are becoming more convoluted and complex because we're talking about a misdemeanor with a two year statute of limitation so what else are you charging and when you start getting into that lane of arguing that it's a federal campaign finance violation, when the sec doesn't do anything about it, the department of justice doesn't do anything about it and its been so many years and others have passed on prosecutions on this , and
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really, new york doesn't prosecute. whether its been the state, its been a local district attorney, they just don't prosecute federal campaign finance violations. it ends up supporting the move in congress. what we're seeing in the house, to try to bring alvin bragg to the house because now there is something directly unquestionably within the jurisdiction of congress by making this argument to try to stretch out, was a misdemeanor, with the two year statute of limitations into something that bragg is hoping covers a present day indictment. neil: you know, this is where it gets to be more political, than anything else i guess, congressman, but the other impression you get with the house trying to get alvin bragg to speak to them about this is that they're doing donald trump's bidding. they are carrying his political water. that's dangerous in and of itself but in other words they're weaponizing their offices to the degree that they argue he is weaponizing his. are you afraid that that is the
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appearance? >> well first off, i do believe that it is within the jurisdiction of the house if alvin bragg is charging a federal campaign finance violation when you had all of these other federal agencies deciding they weren't going to go after anything here. so there's that piece. there's also the jurisdiction of the house, where funding, federal funding, is provided to this jurisdiction so there's a legislative purpose from that standpoint as they are dealing with the appropriations and then there's the third component that these members of the house genuinely personally believe this is a political prosecution and they have an issue with this it's not just something that they are doing because some poll is telling them to take on this cause. they personally feel like this is a political targeting of the former president, so that's a big issue as well, and i think the history that quite frankly, no county district attorney in new york, i'm not aware of them ever prosecuting a federal
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campaign finance violation, even more reason for the house to get involved and have that conversation of federalism and whether or not this is appropriate and by the way, shoe on the other foot? what happens if it's a republican district attorney going after a democratic president? i think a whole lot of people who are cheering this indictment might be leading the charge quite outraged if the roles in the parties were reversed. neil: yeah, and even looking into whether you could take a misdemeanor up into a felony under circumstances, you're right, maybe these points are not to be debated in the days, weeks and months ahead. could i get your political thoughts on how this does impact the 2024 presidential race? there's a sort of theory going out of here that alvin bragg is doing the bidding of the democrats here to try to garner sympathy for the former president. actually help has caused to be the republican nominee because he's the one they argue could be easily beaten.
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not so much some of the other boldface contenders. what do you make of that? >> intentionally or unintentionally, president trump ends up becoming stronger because of this particular indictment. we're seeing it already with the polls that have come out. even over the course of the last couple of weeks. neil: but stronger with the party base, right, congressman? isn't the view that this is going to be a tougher sell for independents and those in the general election who might not feel the same way. >> so the first part as far as the republican primary base, absolutely. and we're seeing it and that might continue as this goes on. what's interesting, when we kind of have to see how this plays out is that so far, it seems like a lot of independents and even some democrats feel like this is a political prosecution, so i mean, what's next? you'll see a sealed indictment being released and people will get a chance to read it, and a defense will be able to state their case.
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for example, there's one recorded audio taped conversation between cohen and president trump where they're talking about a payment. president trump says are we paying in cash? and michael cohen is saying no, and it was actually michael cohen who had this complex arrangement that he was saying needed to get implemented. now, when you're going for a grand jury indictment, the defense isn't there to present their case. that witness isn't getting cross -examined. the burden of proof is a lot less, so when you go to trial, as this is playing out, whether there's a conviction or vindication at trial, when it goes up on appeal, there's a lot of independent-minded people who want to see a criminal justice system that is fair. they want to see equal scales of justice, and it's possible that they might end up, this prosecution may end up helping president trump further if the way the prosecution is carried further from this point going forward, ends up playing out where people feel like it's not fair and it is in fact a political targeting, that could
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end up helping president trump even in a general election. we shall see. neil: all right we shall see is right. lee zeldin indicate great catching up with you, thank you again. >> yes, sir. neil: want to draw your attention to the lower right corner of the screen. if the markets are panicked about what could be a crisis, the first ever time a former president let alone a sitting president has been indicted by anybody they have a funny way of showing it. we are likely to end this trading week and month and more importantly, the quarter, the first quarter of the year up on all of the major averages. the dow is about even money when you think for the last three months, but the s&p 500 and the nasdaq going in today, the nasdaq was up more than 50% of the quarter. i think it's going to handsomely add to that today. we'll have more after this. ain't no mountain high enough, ain't no mountain low enough ♪ d is made for people like sam who make...?
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neil: all right let's take a look at what we have for the three major averages. are these guys for this month, right? we're showing up across the month, up across the quarter. we just, our charlie brady, our stock senator who is like rain man scary smart, anyway, for the quarter, the dow has just moved in the positive territory, which is remarkable considering where we were in early march, late february. remember that? that was then, this is now. we still have about three and a half hours to go, but all the averages moving up. we had that bank scare, much less of a scare, we have some inflationary news that just shows it stabilizing a bit here, but noteably abroad. we'll get into that in just a second. that's another reminder. the 10-year, no, which i think was touching about 3.85% going into this year, in other words going into this quarter, as well , now at around 3.5%, but remember that had gotten way up over 4%. it got down to about 3.40% in
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the middle of that bank upheaval who knows that better than daniel danielle dimartino booth, just an all-around brainiac. are you surprised, stepping back , if you were to see where we were in the first trading day of this quarter and the year, and where we are now, you'd say all right, well that's okay. that looks good, but a lot of stuff in between now. >> there certainly has been. you would think that given the u.s. economy and the banking system suffered an earthquake that we would at least be feeling, you know, a few tremors after the fact but we're not, and in fact, the markets today have priced in another quarter percentage point rate hike when the federal reserve meets the very first few days of may. i expect for chair powell to be discussing with the press on mas justified in one more rate hike. neil: do you think that's going
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to happen? i mean, i can't see them doing this in may but maybe given things have stabilized since the bank scare they feel they can but it still seems a bit risky. >> it does, neil, and while we haven't heard from chair powell himself, we have heard from other fed leaders throughout the week that inflation remains uncomfortably high. the fed has this kind of abstract inflation metric that excludes electricity, gas, and shelter, which why would anybody follow that, but they do, and as far as this mornings data goes, that's still up 4.6% year-over-year. that's more than twice the fed's 2% target, so i think right now, chair powell would say he's more than justified, especially given the fact that markets are as calm as they are, and not warning that borrowing costs are overly high, so i think he feels like he's got more of a license to hike going forward, and that's the last thing we were
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talking about what, two weeks ago. neil: you know, let me ask you about that because you interpret and understand fed speak and jerome powell speak far better than i ever will, but i came away with the impression with the last quarter point hike that was going to be it for a while, that maybe we could see one more hike at the end of the year, but definitely weren't going to see any cuts but that was it. are you saying that in the interim things have changed? >> well, you know, the gop met with powell earlier this week and they pressed him really hard to quantify his intentions and he said look at the dot plot. look at what fed officials see going forward. it looks like there's one more rate hike to come. again, that was the gop pressing him. when they did, he said yes, there's one more in the chamber, and in fact, neil, if you look at market pricing, investors are starting to price in a potential hike in june, later on this summer, so stranger things. neil: you know, we talk about
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the 10-year note of which the fed has no direct control, has been trending down, so you could make an argument, a crazy one, that the market and the market-rates, the bond market itself, over which he has as i say no direct control has done a lot of his work for him. what do you think? >> that's very true, neil. you know, if you want for mortgage rates to come down, for example, it certainly is not the overnight borrowing rate you follow. you follow exactly what you've got up on the screen right now. the benchmark 10-year treasury yield and that suggests that households should theoretically have an easier time getting a mortgage. try telling that to the banks, however, neil, because we know that lending standards have really tightened appreciably since silvergate and silicon valley and first republic since these banks have gone, we know that banks are going to be much choosy erin who they extend credit to whether talking about households or small businesses across america.
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neil: danielle, have a good weekend. thank you, we'll see what they do. i wasn't planning on that, danielle dimartino booth, a read of these markets. meanwhile, want to give you a peak at what's happening in mar-a-lago right now, that's where president trump is station ed for the time being. next tuesday he will make his way to new york city. of course the beautiful location around there, a lot of his fans are gathering around to show their support. even some words of support from ron desantis today, the governor of that fine state. how all of that is playing out, after this. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria.
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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. neil: all right you know, all the announced or even rumored presidential candidates on the republican side have shown their support right now for donald trump. ashley webster has been keeping track of one very prominent one in the sunshine state. he has the latest from mar-a-lago. ashley? ashley: yes. hi there.
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good afternoon to you, neil. yes, governor ron desantis, the republican governor whose all but officially running for the 2024 republican nominee in the presidential race, he came out yesterday and tweeted that the indictment of donald trump was as he called it unamerican. also interestingly, he said that the state would fight any requests for extradition, which is an about term because 10-11 day ago he had put out a statement that the state wouldn't get involved in any extradition fight involving donald trump, so a change of strategy, maybe thinking he should try and attract more trump supporters perhaps. anyway, out here today, the day after the indictment was announced, we had some protester s out here earlier, about a dozen or so waving flags. they have since disappeared, but i'm not sure whether they will be back later on today but certainly last night, when the news first broke, we saw protesters come out here around mar-a-lago. many upset, many waving their flags, all calling indictment a
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political hit job as they say, and they are pretty upset. take a listen to this. >> i'm very upset. i'm like enraged. i can't believe that our country took this direction. >> they always come after trump and never come after anyone on the left and it's unfair, because we're always the ones getting bullyied. ashley: so the question is, and you touched on this earlier, neil. what is in that indictment? it remains sealed right now, so we don't know all of the details , so that will be very interesting, but earlier today, long time lawyer alan dershowitz said that look, no matter what happens, donald trump arriving in manhattan, he says, there's no way he can get a fair trial there. listen to this. >> absolutely not. do you think any juror or judge is going to want to come home to his family and friends and say i'm the man who freed trump and allowed him to run to become the next president of the united
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states? ashley: yeah, interesting point, right? so donald trump still at his resort here at marlin palm beach apparently he was shocked when he got the news yesterday but then went out and had dinner here at the resort last night and now is apparently in a very combative mood, which i would imagine is probably an under statement. neil, back to you. neil: i would imagine you're right, my friend. thank you, ashley webster in florida on all of that. don peebles joins us, very influential player on both parties, because he was an early early booster of barack obama when nobody even knew who barack obama was. he's with us right now. don, there is this theory out there, i don't know whether it's real, that this is part of a strategy on the part of democrat s to gather sympathy and attention to donald trump, make him the nominee because he's the one they think they can beat in a general election. what do you make of that? >> i don't think the democrats
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are that strategic. i think this is alvin bragg abusing his power as district attorney and frankly deflecting the attention of what he's allowed to happen in new york city in manhattan in terms of a crime epidemic, criminals not being held and incarcerated for committing violent crimes because of no bail and shoplifting going ramp about because he won't prosecute anybody who steals less than $1,000. neil: i am wondering though, if it does rally the republican base, does something like this in a perverse sense rally the democratic base? in other words, people aren't too keen on joe biden, i don't know the latest numbers but it's a majority and then some, who aren't really keen on him running again, but that this sort of brings them together. >> well i think it definitely will unite republicans, because they will view this as weaponizing our criminal
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justice system. i think democrats though, it'll rally the already-converted, already anti-trump democrats, but people like myself who are frustrated because we don't have good candidates running for public office and smart intelligent competent people are refusing to run because they don't want these visceral attacks, something like this further perpetuates that. i mean it is absurd to indict the former president of the united states. it's against the national interest and i think there are more moderate democrats who will be turned off by this. i mean, if they want to beat trump, beat him fair and square. joe biden should be comfortable beating donald trump fair and square as he did before, so but this kind of thing to try to dis qualify him, i don't think carries much weight with more moderate democrats and that's who the democrats need in order to win the presidency or to maintain the presidency again. neil: all right, we'll see what happens next tuesday, when we
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get all of these details. don peebles, great seeing you my friend. have a wonderful weekend. >> thank you, neil. good seeing you. neil: same here. all right, let's go to taylor riggs what's coming up on "the big money show". >> neil it's the markets and the end of the quarter but the big story of the day what you were just talking about as well. representative andy biggs also know him from the house judiciary committee set to join us on all things that trump indictment. that's all coming up at 1:00 p.m. but first more "coast to coast", coming up after this. ♪ ♪ and i remember kind of thinking like, "oh my gosh, i think we could be sisters." because i think we looked... yes. right. yeah. and i don't think at that time- i think you're the one to tell me that we had the same birthday. yes. it's really unbelievable when you think about it, because it's been, like, really over 20 years that you were my mother and father's banker,
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neil: all right so what are we in for? in lower manhattan on the right, the subject of all of this hoop la and attention, donald trump the first president ever, present or past, who have been indicted. a lot of republicans are saying it's a very unfair indictment, politically motivated one, be that as it is, we won't get the details the 30-plus count until probably next tuesday when he is arraigned at the downtown courthouse, but what we know already is that it is galvanized his base as it was even ahead of all of this , and
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maybe we juggled the race a little bit depending on how all of this goes down, phil wagman, real clear politics on that and then but phil, first of all, next tuesday is going to be surreal. that's probably an understatement. we know that the former president is not going to be handcuffed but he is going to be fingerprinted and face the infamous mugshot that all do some people smile through that, some take it as a normal photograph, some look depressed as hell. i don't know the demeanor of the former president, but all that's going to happen, historic as it is, next tuesday. what do you think the impact is going to be? >> well, we know that the trump team was surprised by this indictment and i think that that is what the former president is trying to figure out right now. is he going to grin through that mugshot? is he going to be serious to try and reflect the gravity of the situation? we're not certain, but what obviously is apparent currently is that for republicans, this is more muscle memory. they have rallied around the
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president just like they did during his first and second impeachment. just like they did during the russia investigation. they circled the wagons here because they are arguing that this is politicized and that the d. a. in manhattan has a vendetta against the president. i think that's easy to do in this case. what i'm curious about though is not so much this indictment, but the investigations that are to come. these are going to be very interesting to see. does the president, the former president, maintain that republicans rapport or at some point does the right to say enough is enough, you're on your own. neil: that's a very good point, because there are at least three that i know of and maybe you are aware of others but the georgia interference charges and whether he was trying to flip the georgia vote in 2020. the classified documents thing that still has a separate prosecutor going after that. the january 6 actions of whether his own comments and movements precipitated all of that, so
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they are backing up as i was saying at the top of the show like planes at laguardia but i'm wondering whether starting off with this one, even though they aren't these prosecutors don't talk to each other, we're told, seems the weakest one first, and those ones carry much more gravi tas. what do you think? >> uh-huh. you saw the washington post editorial board opine perhaps this wasn't the best start. this might not be the most serious starting gun in these legal challenges, but i'm curious. it might be that alvin bragg in manhattan has sort of broken the seal, therefore taking the pressure off of some of these other investigators and they no longer feel the pressure of going first, so perhaps down in fulton county, the prosecutor there can take their time. doesn't have to worry so much about the initial blowback. we've already gone through all of that. the first time around, you know, i know that the trump campaign that they see some of these
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other challenges as much more serious than what is going on in manhattan. obviously, the charges that are expected to be real there, that they are expected to be somewhat novel because they have to do with the hush payments that were paid to stormy daniels in 2016, but some of these other investigations are much more serious, and it's going to be interesting to see how the former president campaigns while in one ear his lawyers are saying don't say something that can cause you trouble and in the other ear, his political team is saying well you have to be out there. you have to continue to rally your base. neil: rallying a base is one thing, but would it rally support in a general election? what is your sense of independents and those who are still undecided out there but what do you think? >> that's the question. we've got to split this in two. of course there's a big portion of the republican primary that is loyal to donald trump no matter what, and he has turned
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them into a currency. he can go to his hard core supporters in the conservative base and say they aren't coming after me. they are coming after you. i'm just in the way. that's a winning argument for him and he's able to boost that support with some of this , but does that translate to a general election? i'm not certain. i think perhaps a lot of folks in the electorate already made up their mind on donald trump and this doesn't help him, perhaps. neil: we'll watch closely. i like that. i'm going to latch on to that as my own, but always good see ing you, phil, thank you very very much. phil wegmann. real clear politics, real quick peak at the dow and major averages advancing not only on the day and week and month and the quarter as well. stay with us. ♪
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