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market, trying to find its footing and a former president his future why, former federal prosecutor robert ray says it's not this case that should be worrying donald j. trump but the ones that other prosecutors could be just teeing up now yet for all of his problems, say this donald trump's raising millions off of this and rocketing into bowls. because of all this, and his republican challengers are largely in lockstep on his legal fight over this why republican miami mayor francis suarez isn't running scared. he just could be running period. we'll find out today. welcome everybody. i'm neil covid. oh, glad to have you will , of course, so much attention on the big troubles for one donald j. trump but are they big problems? a number of big donors are convinced he is the man to beat for the republican presidential nomination. so what he does in the days and weeks and even months ahead as this legal case and potentially others drag on is being closely scrutinized right from mar a lago. that's where you'll find

as a webster just across the waterway, actually. yeah just about right away. yes good afternoon to you. neil has expected donald trump came out on the attack last night here at mara lago in a speech to his campaign fundraisers and supporters came, of course, after a pretty grim day in a manhattan courtroom, first in line for the attack was manhattan d, a alvin bragg and the judge hearing his case. take a listen. the criminal is the district attorney because he illegally leaked massive amounts of grand jury and. for which he should be prosecuted. and this is where we are right now. i have a trump hating judge with the trump painting, wife and family. whose daughter worked for kamala harris. he also called up mentioned many of the other investigations into him

calling all of them just an insult to our country. he also wasted no time in critiquing the performance of president joe biden. take a listen if you took the five worst presidents in the history of the united states. and added them up. they would not have done near the destruction to our country as joe biden and the biden administration have done >> it was about 25 minutes long. a little h little shorter than most people expected, neil. i reached out to the trump campaign, what events if days and weeks ahead. donald trump is scheduled to be at an nra event in person next week in indianapolis. back to you. neil: thank you for that, my friend. ashley webster in palm beach.

asa hutchinson who threw his hat into the ring. he told me time for donald trump to throw his hat out. take a look. >> someone getted indicted is a reason he should step aside with public service to deal with that. that is putting the position of president over an individual. neil: that crowd, that that loves the former president, doesn't love you saying something like that. >> well i think i have been fair. the key thing is, you state your convictions and your beliefs and not hide from it. i think we have two choices as a republican party now. you can provide donald trump with coronation he will be the nominee but if you're like me we need to have different leadership for our country and

we need to win again then you get in there and fight. neil: all right. that is one way to stand out in the republican field and not support the legal broadside attacks they're all joining in on, saying donald trump is being treated unfairly. how far that gets the former governor of arkansas is anyone's guess. pursue it with the mayor of miami, florida, who might be entertaining a presidential run of his own. francis suarez is his name. he is kind enough to join us. mayor, you're in south carolina today. struck knee that is one of the early important presidential states. >> it is. i have been in on a listening tour since the last time we spoke, doing my due diligence as we said. i have been in nevada, iowa, south carolina, shortly in new hampshire as reported by fox news. and you know, i've been listening, which is something unfortunately a lot of public

officials don't do. in fact i was in iowa. i had the privilege being invited to the west side conservative club breakfast. i gave everybody my cell phone number. they have been in existence i think since 2005 or so, i don't think anyone ever had done that i think elected officials should be accessible, should be connected to the people. any effort to lead the country should be driven by the people. so it has been exciting to see how many people have urged me to consider it strongly, to think about it and asked me to consider running. neil: wait a minute. you gave everyone your cell phone number? that could be a little problematic right there. was your wife and family okay with that. that the phone ringing around the clock? >> you know i do it in my city. been doing it since my first campaign in 2009. never changed my number. i find peopledly to be extremely

respectful about it, only call or text me when absolutely necessary. so it is something where people feel connected. they feel like they can express themselves. look, when i'm on national television, text me, did i do a good job? did i explain myself clearly? do you like my tee. whatever give me information to better represent them. neil: some ever call you say, i have got, you know a thing i want to get off my chest with you, mayor, you think twice about giving them that number? >> i never thought twice about giving the number, i guaranty you not every single call is not a positive one. times i get pictures of pothole, text issues that really affect them and care about. that is what it is for. me have the ability to connect to them. me constantly solving problems for them. neil: i get the same thing.

i get emails and texts they're not always nice. that might shock you mayor, but they're not always nice. let me step back, sir, with seriousness, most of the party with the exception of governor hutchinson in arkansas have been saying this is a legal sham, there is no case here. the former arkansas governor didn't like the case the way it was presented but there is so much heavy lifting, controversial investigations here, the better part of valor would be for donald trump to step out of the race. what do you think of that? >> i have a very unique perspective on this because i'm a big city mayor. when i think about the amount of resources that are going to be wasted on this and when i think about what my focus as mayor is, reducing violent crime, which is a major issue that all major cities across america are dealing with including new york.

one of the reasons why people are leaving that city, i think about you know, just how much resources that is taking. i focus with my district attorney and with my police chief on reducing homicides, right? we reduced homicides this year by 37% from a 1964 per capita low last year. we reduced gunshots this year by 58% and we have 100% clearance rate, meaning we solved 100% of the homicides we have. i will just remind people, people think miami, sun n' fun place. everything goes well there. i will remind them in 1980 we were one of the murder capitals of america. we had 220 mom homicides. it always hasn't been this way. we had 84% increase from the high last year. so it takes -- neil: i think we have technical

problems connecting with you, mayor. but i do want to thank you again. we don't know for sure whether the mayor is going to join the presidential race. he is visiting all the right states. going to south carolina as he said new hampshire, feeling all the ground. my producers talking to me. do we have him ready? we do. do we have the mayor back or -- mayor, i apologize for that. i wanted to get your take on this race. you're doing all the right things, you're in the right places, a lot of people, george will and others said repeatedly you check off a lot of very attractive boxes in a presidential run, young guy, beautiful family, done a lot in miami, you speak to a growing and very, very influential group, hispanic population that is drawn to you and increasingly dawn to republicans, you could make a very compelling case but of course you're in the same state as another guy who is getting a lot of media

attention, your governor. how do you separate yourself from him? >> well, frankly i'm unknown, you know. when i first ran for office i remember the first poll that i ever looked at, my opponent was at 35 and i was at nine. i knocked on 15,000 doors, one by one, getting to know voters i sought to represent. when you look at the first four primary states, the states are roughly the size of the county that i live in and approximately, is similar amount of vote to win some states that i received as mayor when i won by close to 85% in 2017. so i think, one of my strengths is connecting with people. listening to them. is making sure that whatever i'm articulating as a vision for the future, it is something that is based on their hopes and dreams, not some abstract platform. that is something that will

worked for me and that's why i'm running. neil: you sounds to me, mayor, like you're definitely running? >> listen, i'm definitely doing due diligence. i'm definitely deciding, i told you, it is the hardest decision that any human being can make. you're putting yourself through the most incredible gauntlet. it is not something you should do lightly, anyone should do lightly to be honest. neil: got it. mayor, thank you. enjoy south carolina and your travels. we're watching quite closely sir. francis suarez, mayor of miami. we told you about of course the 34 county indictment came down yesterday for one donald j. trump. he think its a setup, waste of time you heard all of that. there are other investigations going on concurrent with this one, those could be more problematic for the former president. robert ray, join us, former federal prosecutor. he was involved very much in the whitewater investigation, knows

what he speaks. robert, great to see you again, it has been a while. what do you make of this particular case first off? i want to get to the other ones are probably more worrisome for the former president but what do you think of this one? >> i guess in a few words, neil, i would say, after some considered judgment and thought about this over the course of the last 24 hours i think it is a poor exercise of prosecutorial discretion, particularly as it comes to a president. most of this strikes me, i hesitate to say it, because they are felony charges, there are 34 of them, but the d.a.'s office had to look really, really hard to try to dress up what otherwise would be ticky-tack books, records, misdemeanors to turn them into a felony with probably a flawed legal theory. we don't need to get into the weeds for present purposes today. of course that will be tested over a period ever months. you know the only way to

essentially show a prosecutor that it is poor exercise of prosecutorial discretion to do what they did, is to trust in the legal system that with a fair judge and a fair jury and a fair process at the end of the day, this case will be made to go away. so that is what i think. but it is probably too early, ultimately, neil at this point to say with that with any degree of certainty. at the end of the day thinking about it, i do think, my judgment, you know, it is just one person's judgement, but i hope with some, benefit of some experience i think it was a poor exercise of prosecutorial discretion. that's my thought. neil: interesting, you know, robert, you were one of the first to say these type of cases can always veer from their original intent. when you think about whitewater, it was about real estate deals and the like, morphed something famously apart from that. i don't know where this goes, with it ultimately leads, i do

know other cases looking into the president's role in the georgia recount, whether he was strong-arming flipping the results there, or his actions leading to the january 6 assault on the capitol, his words, and intent there, i can go to the classified documents and how much was too much there. any one of those seem to have a great deal more heft than this one, but what do you think? >> well we don't know that, neil. you know all we can hope for, and i think all that the former president, now current presidential candidate, donald j. trump has the right to expect that it will be a fair process. i'm concerned like kellyanne conway is concerned that you know with so many investigations out there it could lead to a situation of sort of death by a thousand cuts. on the other hand i don't think somebody should be run out after presidential race as the result of investigations where i think the president has made a fair point that he is not being

treated fairly or not being treated as if he were an ordinary citizen. everyone's claim out there in the chattering class no person is above the law. by the same token everybody deserves to be treated fairly, even former presidents of the united states which is where i think he is coming from. he has a legitimate gripe. ultimately, neil, all these investigations and now this particular prosecution are going to impact the political process during a presidential election year. it is clear that this case, the one just recently brought in new york, is going to extend well into 2024. it is unavoidable that it will have an impact on the political process. i don't think that's right. that's why i think it's poor, in part, why i think it's poor exercise of prosecutorial discretion. ultimately should be for the voters to decide whether or not donald trump should be president again, not for prosecutors and not for juries and not for judges.

neil: this is a dumb question on my part but you endured many over the years from me, robert, forget being indicted. it is being convicted i wonder whether he could continue to pursue a presidential campaign, let alone take over the white house, even if he doesn't have to serve a conviction, if it ever came to that, in prison. what are the -- >> the question will it ever come to that in time before november of 2024? i expect that the defense this in this case if we're talking about the new york case for the moment will be a full exercise of the defense variation of a full-court press. everything will be challenged and litigated. they will resort to intervention by this judge and a motion to dismiss the indictment for a bill of particulars, possibly toe recuse the judge, recuse the prosecutor, to move the case to another venue. all those things will be tested by the court system around the court system itself will be on trial and will be tested at

various levels. i would be surprised if we have a resolution that you would consider final, that would lead to a result, the one that you just contemplate, that would all happen before november 2024. i would think that would be exceedingly unlikely. we'll see. neil: interesting. but, in other words, they could just run the clock well into, you know, filing all of these motions, well past the inauguration of whoever the next president is, right? >> that's right. if the president is elected, all this stuff frankly goes away. i can't imagine this would be allowed to be sustained while the president were serving in office. if he is not elected president or he doesn't win the nomination, then these proceedings will take their own course and will ultimately you know, reach a conclusion. so you know that is where i think things stand. i think we will rue the day that we traveled down this path. i don't think it is healthy for the country. like the mayor just stated we have more important things to be worried about. i think we should focus, try to

focus as best we can on those things. not to the exclusion of all others. neil: got it. >> but with some perspective to recognize where the country's best interests lie. neil: yeah, it is different. we always say the law is equal, everyone under it but it is a little different when it is the president of the united states or a former president and you're stopping traffic on the fdr drive so he can get to a courthouse. i traveled the fdr drive many, many times, robert. they never stop traffic for me. >> to follow with that analogy, stopping traffic in the political process is something we should all be concerned about. that is where we need to keep our eye on the ball. neil: that is a very good point. that's a very good point. robert, always good seeing you. thank you. >> same here, neil. thanks very much. be well. neil: you too, robert ray on all of that. meanwhile the dow inching along in the positive territory. stability in the banking sector right now. we had much weaker report on private sector job growth has a lot of people saying the fed

doesn't have to go gung-ho crazy raising rates as if, 60 plus chance we see no rate hike in may. stocks are mixed on that. technology still taking it on the chin on that. gold in and out of record highs though. people forget that gold itself now a little bit north of $2038 the ounce. that is quietly advancing through all the crises, maybe because of all these crises. we'll have more after this. ways been a take two and call in the morning guy. but my new doctor recommended salonpas. without another pill upsetting my stomach, i get powerful, effective and safe relief. salonpas. it's good medicine. you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me.

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or if ibd symptoms develop or worsen. i move so much better because of cosentyx. ask your rheumatologist about cosentyx. ♪. >> to put in place on a sustained trajectory to 2% and to keep inflation expectations anchored, monetary policy moves somewhat further into restricted territory this year with the fed funds rate moving above 5% and the real fed funds rate staying in positive territory for some time. neil: all right. so what she is saying is, that fed funds rate, the overnight bank lending rate, around the 4 1/2% square is going, will have to go higher to 5% or more, and stay there a while. a bit of a unnerving development when someone of her heft begins to say that is what i'm looking at. is that what luke lloyd, investment strategist, all

around brilliant fellow. >> hey, neil. neil: get prepared for that, and i heard other district presidents and governors heard kind of the same thing. we don't want to lose the fight. she just attached a number to it which is pretty close to where we are now anyway but what do you think of it? >> i agree. the 10-year treasury yield dropped 20% the past month, the stock market is flat the past month. when the 10-year treasury yield drops that much, tells me the market prices the bad things to come, with the assumption, key word, assumption of rate cuts, not the guarranty of rate cuts. i still think the market has it wrong with regards, if federal reserve has to do with inflation and timeline on inflation. the fed's number one goal right now is to fight inflation, to give them back that credibility. look at oil prices skyrocketing on opec news yesterday, past couple days. that doesn't help inflationary pressures either, right. the bond market essentially telling you two different things. one is right, one is called.

one is right, yield curve, inflationary data, the one is wrong? rate cuts. neil: two year in and out of multiyear lows itself, but that 10-year around 3.25%, a few weeks ago was well over 4% that is a big collapse as mortgage rates continue to decline. i think we've seen the fifth straight week of them declining. this is the first time we've seen instances where people are not pouncing on mortgage applications to take advantage of it. i don't know what that is telling us, get back to your slowdown fears. what do you think? >> what people need to understand is it doesn't matter about rate cuts or rate hikes or pausing, rates remaining high. both rates remaining high, or rate cuts at this point, rate cuts going lower are not good scenarios for equities. rates remaining high will create more cracks in the system. you seen a video of a wall holding back ton of water, cracks in the wall, water

spitting out, that is rates high. then the wall collapses. rates going lower means the wall already collapsed of the what isn't talked about the every investor needs to pay attention to the next decade the process going on when we have these bad pressures in the system. we expect down the road, companies will thin the workforce, find alternatives. in the past couple days we heard josh numberses come in light. you heard walmart come a move to automation. chatgpt is part of this. less jobs, more automation, more income flowing to the top. less income to middle class america. really what we have going on now is a fight for capitalism. capitalism doesn't work when jobs don't exist. we have the opposite of unemployment issues down the road. when we have the opposite unemployment issues down the road i expect we'll have employment issues. neil: we'll see. that pendulum is swinging as you say. we'll see how substantially that gets to be.

luke, always good catching up. >> we need more kneel cavuto in the world. don't need more chatgpts in the world. neil: please. that will replace me by the way but not so fast, not so face. great seeing you again. in the meantime want to update you republicans are raising a lot of money thinking they have a good shot winning back the white house particularly those around donald trump and figure supporting him legally on this challenge will only help them raise more money, get more attention. maybe it will but a lot of people say what will progressive do this environment? don't worry about them. they're doing just fine. a key race going down in chicago proves it. another one for wisconsin supreme court proves it as well. they're raising money hand over fist as well. after this. ♪ what if there was a community of like minded

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♪ >> i voted for paul vallas. i voted for him because he will be more strict on crime. i think that you know, chicago as a whole, the city needs to move in a different direction. >> i voted for brandon johnson. i felt like his experience as a teacher and as a public servant is important to me in leading the city. neil: and that was the ultimate sentiment expressed by voters. brandon johnson of the progressive in this race, some say even more progressive than the mayor he is replacing, lori lightfoot. that is in the eye of the beholder i guess. not the guy promising to crack down on crime. the fallout with jeff flock in chicago right now. hey, jeff. >> reporter: kind of points up, neil, the dichotomy in the democratic party. the moderates, ones pretty far left. today the left has won and brandon johnson will be the new mayor. i tell you, when you talk about

crime it is everywhere. i'm on michigan avenue. this is what they call the magnificent mile. everywhere you see, you spend around, look, store fronts that have you know, businesses gone out of business because driven out largely because of crime. even some criminal folks on the street right now. brandon johnson, take a look at him. 40 years old. he you know, just heard from resident there who said we need to go in a different direction. he wants to go in a difficult direction when it comes to crime. which is not more police, not tougher policing, but money spent on social programs that might help people deal with poverty and mental illness. he doubled down on that last night. he says that is the, is the secret. listen. >> a city that is truly safer for everyone by investing in what actually works to prevent crime. [cheers and applause] and that means youth employment, mental health centers, insuring

that law enforcement has the resources to solve and prevent crime. >> reporter: not everybody thinks that is the best idea, neil. and, you know, what paul vallas said i should point out it was pretty close race, 51-48%. the city pretty evenly divided. we talked on fox business to a chicago alderman, he has real concerns if you don't crack down on crime, he is offered getting to the root causes, but if you don't crack down on it, you don't have a safe city. >> we must address the things that motivate people to become and engage in a life of crime. you have to go after the gang members, the drug dealers, gun unarers who are doing everything illegally in our communities and decimating our neighborhoods. if you turn a blind high to that, eventually hope root causes which pay off, this city will stay instead did i decline. >> reporter: we talked to you, neil, about the vacant

storefronts. the vacancy rate on the loop, in the loop here on michigan avenue both pretty good. i leave you with the notion, this in some ways, these are both democrats, points up a difference in the party between the moderates, folks more left, it will play out elsewhere in the country with the next election, sir. neil: still have a ways to go. jeff flock in chicago. what does jack brewer think about this? , jack brewer foundation, former nfl player with some great teams with the exception of i think the new york giants but i digress. he is a great player and a great human being. jack, i will hear from all the giants fans so i apologize. i want to get your take what went down in chicago, my friend? i don't know exactly how brandon johnson will go moving forward. i know crime was less of a forefont issue for him as it was

his opponent who seemed to be leading throughout the race, until final weeks of the race. so he is the guy but you know, progressive are making inroads here. i just took a look at wisconsin and this, you know, battle for the last seat on the supreme court in wisconsin. a progressive won that. so it tips to democrats, progressive democrats at that in wisconsin. what do you make of all of this? >> i think we have to just be real and take the fact that this country is becoming more progressive. it is becoming more liberal. i think liberals are controlling, particularly a lot of our urban inner-city areas. you know, it is concerning when you start to hook at some of the policies that they're supporting. i know mr. johnson said that he doesn't support defunding the police but he was one of the biggest proponents of that. when you start talking about social programs being, what you're leading with while you have, you know crime that is just sweeping across that entire

city and getting worse and worse, the shooting numbers may be down, just this weekend 21 shot. a few weekends back you had 50 shot in a weekend there are systemic issues in chicago. if you are approaching criminal justice with just social pams, without actually cracking down on crimes, you are living in a false reality because neil, if you look at the shootings that happened in chicago, the majority of the shootings happen from repeat offenders. the mass majority of these individuals, i think the last number, was over 70% of these shooters never get caught. so you have the same people terrorizing your streets and your communities, same people that are dealing the drugs, but yet you're not locking them up. so what are social programs going to do to help that? absolutely nothing. neil: so what do you tell young people? i know you work closely with them, who might be going on a

wayward path to get back on a path that doesn't involve crime, that doesn't involve even repetitive crime, involves paying attention to life's opportunity and their own potential? how do you, how do you communicate that? >> well, in chicago it starts in the schools. i mean there was a recent study that showed over 55 schools in the city of chicago had zero students proficient in reading or math. you're talking about a school district that receives already over $11 billion a year in funding. that is a lot of money to be going into the education system and kids can't read, write, and do math. i think if you have a population that you're triesing to raise in that type of situation, you need mentors, you need active parents, you need people inside of the schools supporting these teachers, because now the problem is just too big for teachers to be able to solve on their own. so i think it starts there. it starts on the grass root

level where you're going to have to come in, start to educate kids on righteousness again because morality has been tainted so much, when you have a kid that can't read or write, can't do math, but they're in front of a iphone, cell phone, everything questioning their gender and thinking about sexuality at young ages, being exposed to all of this unrighteousness it is really a perfect storm to have crime, full jails and prisons and people being shorted in the streets. that is what is happening across the city of chicago. so i call on particular african-american men in the city continue to stand up. there are a lot of great groups and organizations but those organizations need resources and funds to speak into the communities that look like them, think like them, they can actually penetrate into. that is what needs to happen in chicago but it needs to happen with a strong fist and discipline demanding order in the streets.

that starts with their juveniles and their youth. neil: yeah. looking up to guys like you. jack, thank you very much. good seeing you again. >> god bless you, neil. neil: same here. jack brewer. meantime, you know, we've seen the taiwan president, she has been in the u.s. now for a few days. chinese are not very happy about that but what is really going to unnerve them is something going down in about 20 minutes when she meets with kevin mccarthy. he of course the speaker of the house, she of course the leader of taiwan. both of them in california. china watching it very closely half a world away. known as a loving parent. known for lessons that matter. known for lessons that matter. known for being a free spirit. no one wants to be known for cancer, but a treatment can be. keytruda is known to treat cancer, fda-approved for 16 types of cancer.

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scheduled to meet with speaker of the house kevin mccarthy out in california. that is not going down well. a bipartisan group of lawmakers joining that little pow-wow. victoria coates former national security advisor to president trump. i wonder what she thinks about this? they're not happy about it, right? they argue this takes it to a whole new level but not like when nancy pelosi went to taiwan, so what do you think? >> good to be with you, neil. well to pair phrase my old boss don rumsfeld that does not make me unhappy that beijing is a bit unhappy about the speaker's meeting. they do a lot of chest pounding demanding we don't recognize taiwan as a sovereign nation. at this point you got to wonder what the difference is? taiwan is a democratic, great good friend of ours. chairman, i'm sorry, president stai is also a good friend of

the united states. the speaker is in his right to set his own calendar. neil: i'm just wondering we have this way to try to treat taiwan separately, not quite equally but it is a delicate dance. we've been, in the eyes of the chinese much more provocative. we of course argue china has been a lot more provocative with the incurring shuns, military aircraft over taiwan and the like. this isn't a lot of wiggle here for something to go very, very wrong. what do you think? >> it's very dicey time for the relationship but i would put some of the burden of that on to china. i mean they're the ones who flew the spy balloon in our sovereign airspace, collecting our sensitive military sights for a week. i think they're ones doing provoking here. as you know, the united states has for decades now been a strong supporter of taiwan, we i think need to look at what does

it do to taiwan when they have this kind of a second-tier status and they live in sort of a nebulous diplomatic space. that could be a problem going forward and we should reexamine that. neil: fair enough. i wish we had more time. thank you very much. great seeing you again. victoria coates deputy national security size sore under president trump. i want to go to taylor riggs right now. we're about 13 minutes away from the big money show. of course when this meeting between kevin mccarthy and taiwan president so much else goes down. to you, my friend. taylor: it is that. it is also day two of the big story of yesterday, the trump indictment, neil. coming up we'll have andy mccarthy, you know him as the former assistant for the southern district of new york. all of that coming up at 1:00 p.m. hearn. but first more "coast to coast" coming up next. ♪.

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♪ neil: gas prices rocketing lately. not rocketing as much we thought when saudi arabia, opec plus countries stunned everyone early last week announcing they were cutting production by a million barrels a day. that led to oil prices higher, gas prices higher. my next guest says more to come. kevin book, clear view managing director. spell it out. what do you see happening? >> great to be here, neil. it is summer, when summer comes we need clear gasoline for pollution reasons, that costs more. prices were going up anyway. in addition to that oil prices are seven dollars a barrel as a result of the opec plus move that means higher gas prices as well. neil: a lot of people say you have to have demand to go along with that, but if we're showing down, i don't want to overread adp private payroll report a lot weaker than expected but it kind of dovetail weaker manufacturing news, slowing real estate news. maybe that will, will push this

notion of runaway gas prices, subdue it a tad. do you see that happening? >> you're right to bring up supply demand imbalances in the market. opec plus thought demand would get weaker. they're in a business where they see what is going on around the world and there is real questions how that bears out. if demand holds we see the price increases. if we see a lot of demand weakness, other factors address the market. neil: such as? >> well, so one of the things different this time around, neil, usually opec, opec plus more recently have reacted to the inventories and the world being long, decided to cut production in response. this would be the second preemptive effort, heavy weakness in the market. the october cut received so pushback from the white house

turned out to be more or less in line with what happened. the market got weaker. if the market gets weaker because of a banking crisis or recessionary pressures we didn't anticipate, this cut might also look justified. it could easily look not justified, other factors tighten the market, war in ukraine, interruptions anywhere in the world. neil: all right. we'll watch closely. kevin, thank you very much. i'm breaking away for some news here. want to draw your attention to california right now where kevin mccarthy is shaking hands, meeting with taiwan's president, tsai-wen she had many trips to this country, half a dozen last couple years. the by partisan delegation she is meeting. besides the speaker how that is getting attention in china. they say that violates separate, equal recognition of taiwan as its own country, but technically

a part of china. they have been very in our face about this meeting, how much they were against it. they were much the same when nancy pelosi decided to go to taiwan herself to meet with powers that be there. they seem to threaten all sorts of things that never materialized. don't know what they will do on this trip but they have promised actions that they say will respond to u.s.ing a agressiveness. we shall see. we'll have more after this. ♪.

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