tv Cavuto Coast to Coast FOX Business April 11, 2023 12:00pm-1:00pm EDT
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i say blew. >> go with number 3, blue. >> blue is the answer. i never seen a blue rose period. lots of roses in england, never seen a blue one. that is a not very good question. ashley, thank you. check the markets, the dow is up 100. the nasdaq is down 53 points. i wanted to tell you this, treasury secretary janet yellen she is just said she is, press conference at an imf meeting. she just said she does not expect a downturn in the economy. i don't know about a time frame there. she is not expecting a downturn. she will be meeting china officials at a debt meeting. that is coming up soon. bitcoin, the story of the day. it is back to $30,000 a coin. that is is it nor "varney & company" today. "coast to coast" starts right now. neil: all right, kids, cover your ears.
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we are no imf'd. international monetary fund released the weakest global forecast in three decades. how weak you ask? five years from now, 3% what it will be this year, next year, the year after that, that slow for that long. that is assuming no more financial stress. let's say a big assumption there. make a big warning to central banks the world over, fighting inflation. quit fighting so hard? we'll ask federal reserve vice-chair randal quarles. he is here. one former advisor to maggie thatcher. china, what will it be doing for five years, already done in five years? we'll ask retired u.s. air force brigadier general rob spaulding. we worry about the forecast. that is tepid as you can get.
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i wonder what my friend jonathan corpina own the floor of the new york stock exchange. if that is true, jonathan, always good seeing you, that is as weak as you get, for as long as a lot of people can imagine. what do you think? >> neil, so let's kind of take a step back and look how they look at this, right? this is kind of like a big overview of everything that is going on. it is very realistic, right? the points they really focus on are headwinds for quite sometime, probably will have, right? they talk about russia, ukraine crisis. they talk about the aftereffects of covid. they talk about inflation and interest rates. all these different things are topics we've been facing. uncertainty of what the next month, quarter, half year, year looks like. i think this is somewhat of a true outlook of what's in front of us. just a question how do we get through these things, how quickly do some of these things come off of our list? how quickly can our economy
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adjust to all of this that is happening here? you know i'm not a doom and gloom type of guy. neil: no you're not. >> i'm pretty optimistic but this is a real eye-opening, yet true report. it will take us time to really weed through it, to see the aftereffects of it. neil: what startled me, john, probably didn't start tell guys like you, the imf is the international monetary fund after all, saying what ails one western country kind of ails them all. that will be like the rule for the next five years or so. these days you can't put a forecast down goes much beyond breakfast tomorrow, let alone five years out. i'm just wondering how you see central banks playing this? part of that is built on the notion they raised rates to address inflation. maybe some continue to doing so. our own fed included. that that will put a lid on things what do you think? >> obviously policies, thought
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processes going in place to try to dampen what we've seen as far as our economy, lack of growth that is there, but this is a global report, right? i think sometimes we do take, have to take a step back, look at individual areas throughout the globe, see how that impacts them. a lot of geopolitical issues out there. that always has been, that will continue. i do think when we take a step back what is happening here in the u.s., listen to what the fed has to say, i think on your lead-in, we had comment from miss yellen her thoughts what the economy potentially could look like, i think from that standpoint i do feel investors here are starting to feel a little bit better, ever so slightly, about where we are at this point but i think from a global scale there is so many moving parts that are going on here. we watch these headlines out of taiwan, what's happening, right? neil: right. >> all these things have massive effects globally. we can't get so wrapped up in all of that.
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we do have to start to kind of put everything in its place. see how it all falls into play. neil: i just wonder, janet yellen said a a lot of things. she still sees contraction in credit as a possibility, but not yet. built into this imf forecast i notice we maintain, you know, keeping the stress levels low. that's a big if. so far we have. i discuss wonder what your thoughts are? that is a wild card, that is another black swan development they say i grant but what do you make of it? >> it is kind of cards they have to play, right? the fed has all the cards, right? they know what their play is going to be. they have to manage expectations how to get us there, right? we continue to talk about interest rate, interest rate hikes, percentage what they are going to do, what they did in march, what they're going to do in may. i think we just kind of have to stay on this path, get to this tipping point where we're able to pivot from raising rates to
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stalling it, and then to reducing rates. it is a big, moving cruise ship. it will take time for all of this to stop and pivot and turn but we're certainly going to get there, longer runaway, longer the time, it will be easier for us to digest all of this. keep in mind all these other outside factors, geopolitical issues pushing and pulling on our overall economy. we talk about the dollar. we talk about trade and how this impacts our economy. it seems like it is muddy waters that are forward. i think we need to find some clarity in it. neil: sounds bullish to me, that you sound bullish to me. at least you're climbing that wall of fear? >> yeah, listen, you've been around for a long time, i've been around for some of that time. neil: careful, man, careful. >> i was very careful. look at everything we've been through. neil: yeah. >> quickly go back to march 2020, global pandemic, market are the tanking. neil: you're right. >> environment no one has ever
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experienced since the spanish flu, right? you would have thought that was the be all, end all. look where we have come. look how we adjusted not just us, globally to where we are today. we'll continue to hit these roadblocks, we'll have these headwinds. just a question how do you navigate through it, how you come out of it. sometimes it is quick. sometimes it takes longer. we're in the midst of something that might feel a little longer. neil: jonathan, because you look a lot younger than me doesn't mean you're a lot younger than me but all wise words, thank you very much. i appreciate it. >> always a pleasure my friend. neil: jonathan corpina on that. go to susan li talk about a bullish under current on bitcoin, 30,000 bucks a coin. she is following quite closely. what is going on here? >> reporter: pretty good year so far. explosive moves in crypto currencies. 0% up side move in bitcoin, eater, etherium you have 60% so
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far this year. that sounds great, but you're still down 50% from the peak prices we saw. you can't do knee this is the highest move in 10 months for bitcoin prices past $30,000. here is what crypto traders tell me is behind the move. they say bitcoin trades pretty much like a nasdaq 100 tech stock these days. we know the nasdaq 100 is back in a bull market runt. fed likely pausing on interest rates. yes there is also some short-covering with those betting against bitcoin, they're being forced to buy it back so they don't lose more money on those bearish bets. not a whole lot of volume out there. trading activity is still depressed. any price moves looks a little bit more saning eighted as well. still you have some technicals pointing to possibly another move upwards 31,200. my conversation with those not traded in the market. there is not a whole lot of conviction, not a whole lot of
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new money chasing gains so far. this is ethereum upgrades, these system upgrades, usually spikes prices by almost 20% in the weeks leading up to it. the price move is also taking place despite an increased crackdown taking place by d.c. with the world he's rich evident in crypto being targeted by authorities. binance, founder has been sued by the ftc. justin sun sued by the ftc and grayscale. silvergate and signature bank so far this year. but despite the rally back in bitcoin prices looks great. if you have this round number $30,000. you know, neil, creditability has definitely been shaken especially ftx collapse and bankman-fried, apparently lost track of a few billion dollars,
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if you read that report yesterday. this is recycled money. there are is not a whole lot of new bets from new money coming into the market, investors felt confident, comfortable buying into crypto sustained maybe putting more money to work with the fed pausing on interest rates. neil: they're not making more of these coins for the time-being. it could be just supply and demand. thank you very much for that susan, a great job lay of the land for us this. susan li, on that. my friend, danielle dimartino booth former dallas fed advisor. i want to kick off, good to see you in the flesh. >> good to see you. neil: crypto doing well, gold had been doing well all-time highs, a lot are seeing rogue investments but can rogue investments do well if bonds are doing well, stocks are doing well. what do you think? >> seems like everything is doing well except finances of the u.s. government. we might be getting a little bit ahead of ourselves in signaling
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the all-clear with deaf -- deference to yellen. report written by a gentleman spent many years at new york fed. neil: is that right? >> yes indeed. neil: whatever your views on 3% growth, year in year out for next five years? >> they do. right now markets are pricing 70% probability that chair powell at the federal reserve on may 3rd will press forward with another rate hike. neil: quarter-point hike? >> quarter-point hike. neil: would that be it then? he signaled that or would that change? >> citigroup was out today they expect the fed to go in june or july. neil: i don't care about citi. you're far more accurate. you've been saying they can overdo it. >> they can. neil: it is a conundrum. >> it really is. it was interesting to hear new york fed president john williams yesterday and today try to disentangle, the financial
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crisis we're going through, what is happening with the banks, that is completely different than our battling inflation which we'll have to stay on top of. neil: yeah. >> that really leaves the door open after this next fed meeting for the potential to continue tightening until at least the end of the year, if nothing more than the fed continuing to shrink its balance sheet which its own form of tightening. pulls liquidity out of the system. neil: we forget that, don't we? if we get that 5% level for fed funds. >> that's right. neil: hike one or two more times after that, essentially going from zero last year to that. when is the impact of all this hitting? we haven't seen the latest jobs report. i know that was one of the slowest growth figures we had in couple years but it still continued job growth. >> it was continued job growth. but that data was collected before the collapse of silicon valley bank. neil: is that right? >> looking at the calendar is really critical right now that was collected before the 12th. neil: you think had been
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afterward would be a difficult reading? >> we've seen some real upward move in initial jobless claims. neil: you don't see the job strength that we had? >> no. indeed.com, they collect more data from american employers than any other purveyor. they see 45 out of 47 areas of job postings across the country coming down year-to-date. what chair yellen will have to do once the debt ceiling is settled is really pull even more liquidity out of the system by selling hundreds of billions of dollars in treasury bills. that is something we're not taking into account as we move closer and closer toward the x date, on the date we learned that the deficit rose by $431 billion just over the six months through end of march. neil: a trillion plus. >> 1.1 trillion. neil: who is counting. >> a trillion here, a trillion there. i used to be a central banker. i can count in trillion. neil: federal reserve focused on nation like nobody's business. that is what still guides them.
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you can still see signs of it. we're a long way from 2%. how long does it drag on? >> all eyes tomorrow on the consumer price index. that is where everybody will be focused. we know used car prices started to come down at end of march, income tax refunds were not as long as they were in 2021 and 2022. that does not matter. used cars percolate with a lag in cpi. same with housing. we could see headlines scarerry that we're seeing. it is do due to the construct of date too by the bean counters in washington, d.c. neil: i was looking price of used cars. bicycle is pretty good. >> they say walking is good. neil: you're the best, danielle, thank you very much. in the scary smart category. i cheated off people like her if they were sitting in front of me. scary, right? scary still what we're seeing
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act out with some rate hikes danielle was talking about. whether they have effect on what we're buying or not buying. i find it interesting when you look going on in the nasdaq and selloff there. the fact of the matter pc sales are plummeting. i don't know whether you have been in the market for one. they have slashed prices not good enough. overall they're down 29% in the first quarter. in the case of apple more than 40%. in the case of dell 31%. hp for than 24%. that is consume demand hit in an area where of course they were very resilient. last year at this time, still buying that stuff. less so now. maybe as danielle was pointing out, we're seeing fits and starts of this already in peoples purchasing plans or not purchasing at all. stay with us. you are watching fox business. ♪.
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this is 25th anniversary of the so-called good friday agreement, shepherded by bill clinton. he said in retrospect it didn't do everything he envisioned. relations not helped by what is going on in europe, break up within the european community and potential breakup of not what it was in england. neil: what is at stake with rob spaulding, u.s. air force former brigadier general good enough though join us now. this anniversary is sort of important, it locked in nearly century long grief between protestants and catholics in northern ireland. i'm not saying we're returning to those days but it looks pretty anxious. how would you describe it? >> it is kind of nerve-wracking to know not only do we have divisions going on here in the
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u.s., it is increasing in europe, not just within countries as you're explaining, between allies, u.s. allies. macron coming back with a meeting with xi xinping and talking about that europe needs to be separated from the united states, not really followers of the u.s. anymore. that is not something new with france but i do think we're seeing, as this bipolar world begins to take place a return to a lot of the conflicts that existed during the cold war which the catholic, protestant conflict was one of them. neil: general, you were right to seize on macron's remarks. i remember when i heard them yesterday, i thought, wow. he is totally disassociating certainly france but by extension sending a signal maybe how europe feels. if we're concerned about taiwan and china going at it, that is our problem. that is certainly not emanuel macron's problem. i was thinking to myself you have a different view when it comes to ukraine. i know that is on your own turf
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but i had not expected that. the timing of that was bad. your thoughts? >> it certainly is. we are as we get deeper into this cold war, you're seeing chinese, particularly after the party congress that happened at the end of has year, really come out and have this new, you know, friendly campaign to break away the u.s. and her allies. neil: right. >> i think that's extremely problematic. we went into the cold war after world war ii with strong alliances. we rebuilt western europe. we really built the free world. now it is kind of all coming apart. the chinese are right at the top of kind of exploiting these cracks and divisions between the u.s. and our allies. it's a big problem for us. neil: you think about it, general, you pointed out in the past. we've been in sync largely with our western nation allies and nato by extension with the war
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in ukraine, there are fissures there, i get it, but now emannuel macron just added this as you know, taiwan is not ukraine. he laid it out this i'm wondering how many other european leaders feel the exact same way, they're just not saying it? >> well certainly you have to wonder how the germans feel, given the issues we've had between them and certainly russia. so you know, this is, you know, the other thing that is happening i think we should pay attention to, since mccarthy's meeting with tsai the chinese effectively created a blockade around taiwan. neil: right. >> 2 was clear the russians invaded ukraine, that was an act of war, we have to recognize what is going on taiwan is technically also an act of war. not only are we splitting apart from the allies, but both chinese, russians continue to act out. so i think you know, it is going
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to be a long cold war and i think it is going to get even worse for the business community as a result because you're going to see this deglobalization happening as we begin to break off into our separate spheres. neil: question. you know many likened the selloff in technology stocks, not that you sully yourself with these kind of money issues, general, the possibility that taiwan is constantly threatening, maybe some day taking over, that is $20 billion of our chip industry right there. might be elite to say that all goes with taiwan, chinese proven easily can surround the island at a moments notice and that drill drilled that into us, right? >> when the china niece decide to invade taiwan it will probably start very much like this blockade has.
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hopefully this will end peacefully but we can't, you know, dispute the fact that the chinese have said they're going to take taiwan, they have a blockade around the island. we are incredibly tied to tsmc for our chips f those go away, it will a drastic shock to the global economy. neil: to put it mildly. rob spalding, u.s. brigadier general retired, author of, war without rules. thank you more importantly, general, for your service to this country. >> thank you. neil: in the meantime, a survey out say nearly half of americans will unlikely buy an electric vehicles the next car. the administration says they have a deal you should not and could not pass up. to me is sounds a whole lot like tony soprano. after this.
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♪. neil: ever used at airports public phone charging systems set up there? kurt knudsson the cyberguy, we like to call him, he is brilliant at this stuff, he is saying the fbi is warning about this. he is right to be warning about this. what's the problem here, kurt? >> neil, you set me up for failure here calling me brilliant but i will do my best to enlighten you. all kidding aside, we've been tracking this since 2021. it was trickling here, trickling there, the concept of a concern called juice jacking. that is when you go to public charging stations, see them at malls, see them at the airport, train stations even on board planes. your phone is running low. i will plug right into these convenient things. the problem with that, if it is available to the public, it is
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also available to hackers. turns out they're really taking advantage of them by introducing malware on them. the fbi issuing a tweet, an fbi warning. they're saying avoid using free charging stations at airports, hotels or shopping centers. bad actors figured out ways use public usb ports, to introduce malware, and software on to devices. carry your charger, use an electrical outlet instead. that from the fbi denver field office. their tips are on the money. avoid the charging stations no matter how convenient they are, period. and it is a paper in the rear end but bring your charger with you, have one of those extra batteries with you. many so are as low as 22 bucks. it will fit in in your pocket. always use strong anti-virus protection on your device,
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including your phone, that will block the malware on there. why do we care about all of this? this is exactly how hackers infiltrate our lives. what happens, you plug into that charging station, they sneak malware right on to your device and the next thing you know, a few weeks go by, they have compiled a giant neil cavuto list of credit cards, bank accounts, tracking your moves on your sell cell fenn, you never knew it, you get alert from the bank, investments, account, where did that $10,000 go? this is what happens. you never know it really happened from the charging station. the fbi, along with many others, figured out this is a giant concern, one that you should really truly avoid. neil: you extended it to public wi-fi available even on a plane, be careful, right? >> if it is secure use it. if it is public, i mean it is just like, you may as well broadcast everything on your computer to everyone around you.
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it is not safe to do that that way. a vpn helps in that, virtual private network. i have a review of all of those. i have the best anti-virus stuff. we show you a list of portable batteries we've done tests with. find that at cyberguy.com. for example news.com/tech. neil: you are brilliant. you understand all this stuff. greek to me. >> great to see you, neil. neil: cyber guy kurt knudsson on that. a new survey is out, half of us are not too keen making our electric vehicle, i wonder what that portends as the administration makes steps right now to force the issue. tim stewart is here, the president of the u.s. oil and gas association. tim, one of the latest moves they have come up with, stiffen requirements what exactly can be come bused in these combustion vehicles.
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make a long story short, they're making it more costly to own traditional gas-powered vehicles, what is it comes down to force you evs, right? >> exactly, neil. the industry has been gearing up for the war on gas stoves. that will be little compared to what is pending war on the gas cars. the administration is aggressive in the second half of the first term in the egg regulatory front. trying to move consumers in ev. putting pressure on manufactures to up fuel economy and can't create combustion engines anymore. the fuel standards were created in 1975 in response to the oil crisis. epa will mandate on imported batteries, batteriry materials, china dominates those market. instead of relying on opec for our energy security in 1975, by 2035 we'll be relying on china for our energy security. that makes zero sense from our
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perspective. neil: you know, i often believe with these issues, tim, maybe the market should decide. if people like elon musk coming along, cutting prices of vehicles maybe they are a little more affordable, that might win potential customers over. but the government sort of, sledgehammering you to do so to me it will backfire but your thoughts? >> well, when only two out of 10 consumers say they're really seriously considering an electric vehicle in the future that is a clear signal gas vehicles will be very much in demand. i can speak from personal experience. i have an ev. frankly range anxiety is real and it is spectacular. we have learned, in a cold environment like live in utah, i commute to d.c., in the wintertime if i don't have enough range to get from my house to the airport and get from the airport back it is a miserable experience. another thing interesting, i
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took the car to the dealer this morning, because i got seven different sensors are not working frankly. a week long wait to get those in. there is a supply chain concern. talking about the security issue just a minute ago. those chips are being manufactured in china of all places. so there is a lot of real serious challenges ahead for ev manufacturers going forward. neil: this is where i know you're not a tv anchor, tim. if i was running into that grief i would immediately tell them, especially given who you are, do you know who i am, and you're still dealing with this grief. >> they don't care to be honest with you, neil. i will try that. tell me to try that. how is that? neil: see how that goes. you will hear nothing, you will be on hold a long time. that is wild, tim, thank you very much. tim stewart following all of those developments. by the way we're learning a little bit more how it is so many regulators missed including one big accounting firm, missed the whole bank thing when it was imploding. so maybe it isn't an issue of
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♪. neil: all right, think quick, what do bernie madoff and chasing him, the collapse of silicon valley bank, getting to the bottom of that have in common? what if i toiled you it was regulators missing what was right before their eyes? in the case of bernie madoff for years over at securities & exchange commission. even after ample warnings were coming to light. in the case of silicon valley bank, ample warnings to some of the top regulators there were things about bond purchases and sales that didn't add up quite right. in fact we just learned now that kpmg, the big accounting firm had given silicon valley bank a clean bill of health just about
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14 days before the bank's collapse. so we started asking questions around here, maybe this is not an issue of more regulations but better regulators. an issue i want to pursue with randal quarles, remember him as a former federal reserve vice-chairman. good to have you, thank you. >> thanks, good to be here. neil: much has been said, it is easy to play monday morning quarterback but in the case of some of these institutional failures they were years often times in the case of svb months in the making, but plenty of warning signs, and i'm just wonnerring in the push for more regulations maybe the emphasis should be on better regulators what do you think? >> well i think what is here when we're talking about regulations or regulators and i, i completely agree that a lot of the discussion about more regulations is completely beside the point with what happened with silicon valley bank but what the key issue is that the
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uninsured depositors at silicon valley bank behaved that uninsured depositors have at most banks in most of history. therefore the regulations were not designed to address that and the regulators, the examiners, and the auditors were not prepared for that sort of action. what we really need to do is understand why that was. was sitting special about silicon valley bank or is sitting about the nature of the environment in which banking operates that will apply to banking more generally we need to think through. neil: janet yellen seemed to indicate, randal there was no contraction in credit and something we experienced with the banks a few weeks ago would not be repeated. that is as she sees it. is that as you see it? >> yeah i think the pressure the
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system was under a few weeks ago, and might be more durable has abated but we have seen a significant move of deposits away from smaller institutions into larger institutions. while that doesn't appear to be continuing it has not reversed itself yet either and that also has implications for how the system as a whole works going forward that we need to think through. neil: i would like to just get back to your days as vice-chair of the federal reserve, the notion we outsiders have, part of a group thing. by and large when you guys all meet, with very rare exceptions kind of follow in sort of a lockstep, the consensus that builds and there is a consensus right now as i'm sure you're aware, randa are, that the may meeting will produce a quarter-point hike a little more than a few weeks when it seemed the federal reserve would go slow and few and far between on such hikes. what do you think?
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>> well, there is still a fair bit of time between now and the may meeting and there will be a lot of data that the fed will examine that will inform exactly what it is that they do. neil: yeah. >> i do think interest rate policy is going to be very effective. it is also being effective in this particular cycle, and therefore the fed is certainly near its terminal rate, if not at it. during my time on the fomc i was probably one of the biggest hawks this. neil: you were. >> i think that, you know, i think that they're near the terminal rate where they are right now. neil: terminal rate would be the fed funds rate f it gets up with another quarter-point hike with 5%, that would be it for a while? >> yeah. certainly that would be my view if i were there. neil: we'll watch it closely. great catching up with you. thank you very much. >> thank you. good to be here. neil: mean time go to brian brenberg. they have a very big show coming up right now.
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brian. brian: neil we're going up for the big money playbook with special guests kevin o'leary and charles payne to answer the big questions. our live studio audience is ready to go. we'll see you at the top of the hour. more "coast to coast" after this ♪. 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. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠. sometimes you're so busy taking care of everyone else
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♪. neil: all right we might be worried about the possibility of taiwan and china coming to blows emannuel macron sent a clear signal to xi xinping when he was there, that is u.s. issue with you guys, not an issue with us. by extension to beyond france, ault of europe, very much involved in the fight in ukraine, not so much involved in taiwan is taking over. raising a lot of eyebrows, what made him say that. nile gardner, former foreign policy advisor to maggie thatcher a great mind when it comes to historical environments we've seen. nile, i knew i had you on, i at
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least emannuel macron thrown u.s. out of the butts. what do you make of that. >> thank you for letting me do the interview today. let me say emannuel macron's remarks were axe chute disgrace. exactly what china wanted to hear. that the u.s. split off from europe. message of weakness, appeasement sent by the french president. and at the end of the day i think emannuel macron wants two things. first he wants business deals with china. he was axe companied by dozens of french executives went with him in beijing. macron has delusions of grandeur a grand european army competitor to nato. macron has quite deep-seeded anti-american attitudes, not unusual in france, going back to the gallest days. macron fancies himself as sort
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of a mini napoleon. he would like to seep europe sort of basically, you know, striding across the world stage as some kind of a great power. the reality of course is very different. i think the eu is in steep decline in many respects. france is a declining power. so i think macron's overall approach, deeply unhelpful, arrogant, delusional and of course he is basically shining the boots of xi xinping just as he did with vladmir putin. so emannuel macron is quintessential appeaser. neil: i knew you would be very blunt in your answer. just the way with the british accent and all, maybe it even sound more impressive. nile, too che on that part. dumb question on my part, does britain feel the same way, taiwan is our problem with china, it is not britain's problem with china? >> the british approach is absolutely fundamentally
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different than the french. the uk of course is has stood shoulder to shoulder with the people of taiwan and also shoulder to shoulder with the united states to standing up to chinese aggression. so there is a massive gulf of difference between the british approach, then that of the french government at this time. i would say macron is isolated in europe. there was a lot of criticism of macron across the european union. even the germans strongly condemned macron's comment. i think it is isolated actually. not only is he isolated from the u.s. and the uk but also from most of europe as well. it is good to see many european politicians condemning macron's remarks as deeply unhelpful at a time of course when china is launching military exercises just off the coast of taiwan so china is acting incredibly aggressive fashion and macron is being welcomed with a red carpet in beijing. what kind of message does that
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send? it sends a message of weakness and basically kowtowing to the chinese communist party. neil: nigel, nile, i was thinking of you as well, king charles had to cancel, macron had to cancel on him with protests in france at the time, pension moves to raise retirement age to 64, long story short that is put off. do you think king charles should not go? >> i think it was the right decision actually to cancel the state visit. after all france is in state of chaos and anarchy. you could not guarranty the safety of the king. that is a shocking, damning indictment of the state affairs at macron's france. he as president he does not have control of his own streets, yet lecturing the world what to do with foreign policy, at home his presidency is crumbling all around him. i think it was the right call
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actually, from buckingham palace not to go ahead with the state visit to france and of course ultimately that was a decision made by the british government but the right decision because france was simply not a safe, i think location for the king to visit. that is an extraordinary state of affairs for a modern-day european country, but france is in very steep decline. neil: this is the most important question on everyone's mind right now, whether harry and meghan are going to go to king charles' formal coronation. what do you think? >> i think that is actually a very important question because there is intense reaction to harry and meghan. no one knows whether they will attend. they have based with arrogance, harry and meghan, making everyone waiting for their decision.
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my opinion they shouldn't invited first place after attacking the monarchy, the royal family relentlessly. they have been incredibly rude. they expected an invitation to the coronation. they finally got one, now they're deciding whether it is worth their time or not. what kind of message does that send actually? so i think harry, meghan have behaved yet again incredibly disgracefully, and if they travel over to the uk, i wouldn't be surprised if a lot of the british public boo them because they are intensely, i would say unpopular figures in britain at this moment. neil: we'll watch closely. nile, thank you as always, my friend. you deliver the goods as they say in tv. nile gardiner former foreign policy advisor to maggie thatcher. we have more after this. stay with us.
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