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tv   Cavuto Coast to Coast  FOX Business  April 12, 2023 12:00pm-1:00pm EDT

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there are the choice on the screen. ashley, what is your guess. >> they're so cool. i will go with the most. 3330. stuart: number four. >> i know they can turn and i will to with 300, number three. the. stuart: i will to with three. the anticipates is 270. they can turn their head without causing any damage to their bodies. we cover it all. it is incredible, it really is. thank you, mark, ashley, all good stuff. see you again tomorrow. that is it for "varney & company" at least for today. "coast to coast" starts now. neil: read it and leap. stocks jumping because inflation is not jumping or not jumping as much. that does not mean the federal
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reserve will not hike rates next month. the bets against u.s. stocks might need hedging or adjusting, even this month. even with today's better than expected retail inflation news, prices increases 5% over last month. a full percentage point over february, i might add, simple facts most folks are very nerve sus about the stock market. really super-duper nervous. as market watch reports this negative sentiment for stocks is now at its highest level since way back in 2011. here's the thing that could be a very counter indicator. if most had it with stocks this could signal a major turn around for stocks. think about that how many people you know don't fear recession or worse? how many are worried we're not over this banking mess or this inflation mess, or this global uncertainty mess or this china wants to take over the world mess? got a lot of messes. who want to mess with stocks? enough. here is something also true,
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markets tend to climb out of a hole when no one is hooking, no one is paying attention. such advances come in fits and starts. if most are still having fits who is really looking at starts? we are. there is something going on here. we're going on and on here. we thought we would share it with you lear. we're seeing it in little ways but telling ways like all of those crowded restaurants. just ask hauer a ray dickey of dickey barbecue. she see it for herself. hungry to share good news. fair and balanced on "coast to coast." asa hutchinson, former arkansas governor, presidential candidate, he is not seeing anything good with the economy. they may be eating out but most folks are hunkering down. you decide. at a time stocks are inching along, people are dismissing it,
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the environment for stocks still bad. wonder what peter tuchman thinks on the floor of new york stock exchange. we have seen big selloffs under his watch, big gains as well, and he is still here to talk about it. peter great to see you again. >> always a pleasure. neil: what do you make of this, peter, this argument we're at a heaven-year high angst for stocks, pessimism for stocks? >> you know what? what a great lead-in you framed the pictures of two sides of this market. this is auction market. for everyone who thinks it's buy there is huge sentiment. highest level of hack of confidence in the marketplace since 2000 level, although at the same time we have huge short portion in the market as well but the market is still trading 4100 in the s&p five hundred.
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we need to frame the fact this is no longer 2022. we grinded our way to reasonable level last couple months. numbers are getting better. things are coming down in cost. we're not paying five dollars a gallon, we're paying 3.35. yes eggs are higher. people are back out on the streets. people are traveling even though american airlines did not have a great profit report this morning. but at the end of the day i knew i was coming on with you, i wanted to get a little tidbit why the market is doing what it is doing today. we came in. all eyes on cpi. the number came in better than expected. 5% is a very reasonable number for sure. the core number was a little less than people wanted. that is basically around the rent expense. neil: right. >> individuals are suffering from. okay. the end of the day the valuation of the s&p 500 is trading at 18 times next year's earnings. that is not something that i really usually know about but a
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little birdie told it to me before i went on. i consider him one of the smartest guys in the business. that kind of makes sense here. think about it. we're still up against major challenges. we had a massive boost in the price of oil. we have inflation issue. 5% is far from the 2% goal the fed is trying to reach. yet the s&p 500 is trading at 4100 f i look at the dow we're still around 33,700, 34,000. at the end of the day, we're not, doomsayers are talking 37 in the s&p, and 30,000 in the dow. we're nowhere near those numbers. i think we dug ourselves out of a bit of a hole in the first three months of the year. the numbers are getting better. this is not a perfect science. we never come out -- be clear, we three years ago in the midst of a complete economic global shut down. we grinded our way back. inflation is part of narrative. it is getting a little bit under control. are there challenges? absolutely.
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you mentioned the chinese story. we must address what is going on with the dollar and our ex-friends are ganging up against us. there are a lot of moving parts but i think it is okay. neil: peter, they say markets climb a wall of worry, that could be a little bit what is going on here. you never know until you have months of breathing room the uptick you started to see was beginning of something. we discover when did the bull market begin or turn around in stocks and lows begin? we harken back to the all-time lows, that was it. it is never that simple or that straight. how do you describe what we're seeing now? >> so i think we need to address the stocks that got beaten up in 2022. a lot of those stocks year to date are up significantly. we saw the tech sector that suffered from the aggressive interest rate raises of 2022, that took us down to the levels that we saw that year are now really coming off the mat in a big way.
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amd, nvidia, tech suffered over the last four days while materials and energy have rose but they're definitely coming off the mat in a big way. you said it in your lead-in bullish markets start, catch us by surprise. neil: right. >> there is a group of people who are afraid to miss the bottom. i'm a firm believer, i'm not an economist, i don't know how these numbers will pan out, i always like to say the market tells us what it thinks of the information. this is not happening by accident. people know what the challenges are out there. people know what their expenses are, they know their lifestyle. we're coming out. people are getting up and around and traveling again. at the end of the day, there are people, it's great stock-pickers market at the time right now. the doomsayers are saying we should see aggressive, 10 to 20% selloff. i don't see that coming. it could be happen. i could be caught by surprise but the market usually tells us what it thinks of the information. 25 basis points seems like 65% chance that is possible.
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i think that the fed's narrative in the press conference to follow will be important. everybody's eyes will be on, is this the end of the cycle and are we going to get a little bit of a break? we have some runway to run with it. things are getting better. things are not out of the woods yet. market tells us there is some confidence. i'm cup half full guy. neil: i like that. you have been that way as long as i have known you. you refuse to be dragged down by bad news, even what you have over come. peter always good talking to you. you're not only good what you do, you're a good person. peter tuchman, iconic figure on the floor of new york stock exchange. he is a rock star. such a recognizable person. he is like elvis when he comes out there. elvis left the floor. >> then i shut up. neil: there you go. thank you, peter. we have the lasalle network ceo out in chicago, you heard walmart is shutting down a number of stores, at least four
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of them. the fact those stores were losing money. so the backdrop for that, some people, maybe a lot of people, tom, are going to lose their jobs. the backdrop we've been watching, steady job growth, even though lower in this latest month, you know, about the lowest in terms of gains we've seen in about two years, the fact of the matter is we added 236,000 jobs to the economy. is that a high point now? are things going to start getting worse on the jobs front? this news we're hearing out of walmart is a preview of continuing attractions, what do you think? >> i think what we're seeing, neil, is that companies are being intelligent and they're saying money doesn't grow on trees. we'll run our business the right way. money isn't free anymore. the interest rates rise is causing business to act in the right way and so when you're closing down walmarts, they're saying, we're not making money. we're not selling as much of the
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higher margin goods, whatever the reasons are they're making a decision. believe me, they don't want to shut a store that is profitable that doesn't make sense to do. so when you have a company that is that big and they're looking at things with more reasonable way, very similar to what the tech companies did with google, meta, microsoft, doing layoffs of people. they're still making money. they're profitable, they realize they have to run the business a little bit differently when money is not at 0% interest rates. because the fed will raise interest rates. why? because the market can handle it. neil: that is an interesting way to look at it. number of fed governors, district presidents, those who serve on the federal open market committee, even those who don't, weighed in to say that jobs figure, these continuing good job figures we give every month given sort of room for the fed to continue to be aggressive on inflation. depending where you are on the
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subject that could be good or bad news a lot of people think the fed would slow down, they would look at jobs gains, no, no, we can keep being aggressive, what do you think? >> i think the fed will raise rates until it hits a point it has a negative impact. then they will know where the top line is, and they will bring it down a little bit. we've been too low. we have don't want to go too high. be 1981, at 18%. the fed will find the number. they will push the envelope. bring it down to the right amount. then we'll have a really healthy, strong, economy. we're going to have that infrastructure package that will get spent. that we're going to have, we got to have workers to do the job. this i know isn't why i'm here. this is immigration issue. we don't have workers to do it on the blue-collar or the white-collar front. what we've had over the past 25 years, neil, this is really important, we have more entrepreneurs, more companies starting from scratch, more
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startups. there are more companies, more jobs available than ever before. you can also have people in america who are working for companies overseas now because of technology. the inverse does work versus just being remote in america. there is so much more opportunity, so many more jobs i think we'll have this delta of more jobs than job-seekers for quite sometime. neil: it doesn't sound like a recession to me. >> it's not. it's not. this is the big thing. 2021 was an aberration of growth because of how bad 2020 is. so academically speaking 2022 was a recession of two consecutive quarters of negative gdp growth but it wasn't a true recession because we never had a year like 2020 before that had artificial drop because of the pandemic and because of people not being able to leave their house. now what we're getting back to 2019 levels. we're actually still above those. so if people thought 2019 was good under the trump
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administration, it still is. it is just two sides trying to make their point but we're in the same place no matter what arguments are made. that is we added almost a quarter of million jobs, and it looks good. neil: what i like about you, you go against the grain. you are not a consensus guy. sometimes you're in a consensus at given point in time. that is not important to you. whether you're in or out of the crowd, i appreciate that. >> you call them as you see it, neil. like an umpire. this is no home field advantage here. the market doesn't lie. the numbers don't lie and businesses don't lie. neil: when i, when i play ball i like the umpire to lie in my benefit. >> i'm 6'5". can you imagine my strike zone. neil: i didn't even have a zone. thank you very much, my friend, tom gimbel, following that, lasalle network founder and ceo. quick peek going on corner of wall and broad, dow moving up. bitcoin given up the gains it
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had popping up over 30,000 bucks a coin. at love people watching bitcoin closely a big macro developments that could push that back. john wu with us, i always apologize is this ava labs? >> either one is fine. neil: bottom line you're expert in the arena. jump over 30,000 here we go. as you remind me, it's bumpy ride, i get that. tell us some dynamics that you might think favor cryptocurrencies in general, bitcoin more to the point? >> that is a great question. that is a very good question but just to remind people how well this asset class has done, i think about. of a done a good job, index of the top 100 cryptocurrencies are up roughly year-to-date about 50%. followed only by gold i think up double digits. the stock market, s&p, nasdaq together, is still under 10% i
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believe. neil: bitcoin itself, bitcoin i believe itself north of 80%, that is not too shabby. >> far outperformed all other asset classes. the dynamics underneath the hood here, what is really interesting, it is driven by what we call crypto natives on chain and international mayors. so if you look at the price and volume of all of these asset classes they trade far better during the nighttime than during u.s. trading hours and probably because during the u.s. hours you're hearing a lot of negative, negativity associated with the whole crypto asset class. neil: let me ask you a little bit about having which occurs i guess every four years or so. can you explain that. why that is typically a bullish development when it occurs? >> right. so you're coming into some of the specific sector fundamentals that could be driving some demand, supply imbalance.
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so happening for bitcoin -- halving of bitcoin is supposed to happen roughly april 2024. what happens is the supply of bitcoin that can get mined or unearthed, if you will, will decrease and in ealty, there has been many cycles of this, every four years roughly. ahead of the cycle people want to buy to in anticipation of lower supply coming on, then usually lasts six or 12 months after the halving date. that is one of the sector specific reasons probably why there is a lot of enthusiasm from crypto natives who are already on chain in the space. neil: so real quickly, last time happened four years ago, it was up 19 or 20% from the prior year, right? so that is why it gets attention it does. is it warranted? or other factors here? >> it is becoming more and more psychological. as we purchase 21 million units, each halving means less and
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less. psychologically feels hike you should be doing it, there is history and track record behind it. peak to trough two cycles ago bitcoin went up a thousand percent. peek to trough last cycle was 500%. the last imbalance, supply demand decreases each time each cycle but there is psychological effect associated with it. neil: john wu, thank you for that. we'll see what happens with the halving occurs. bitcoin under 30,000, not by much the h. we he will keep an eye on that. keeping eye on elon musk, tim cook, founder of apple saying we're getting ahead of ourselves. it is dangerous. the argument against doing that, no no, china going full steam ahead with it. turns out china is issuing the same warning. i don't know if you can believe that but we're on that after
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>> how can we help you officer?
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>> dick jones wanted for murder. >> this is absurd. that thing is violent psychopath. >> my program will not allow me to act against an officer of this company. neil: sometimes can happen on it goes off people created it. frankenstein, things like that "robocop," things get out of control. the technology is alive and, artificial intelligence is rampant in new york and subway system here. they have something called a snitch bot. i think this thing is a little over few feet tall. costs a couple of thousands bucks but what it can do, follow conversations, follow suspicious activities. if you're misbehaving in new york city subways it will kill you. it won't kill you, be advised and be warned. open the pod bay door, hal. that comes to mind. get out of the subway station, pal, that is another thing comes to mind. we have the expert.
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reid black man, might be oxymoron with people learningthis are leery about it and likes of elon musk, steve wozniak, cofounder of apple say let's take a breather here. we have china saying, when it comes to some features of this, let's kind of study what we're doing here. are you worried? >> i am worried for the kind of reason say elon musk is worried about. they're worried about what they call art general intelligence. the kinds of robotic equal creatures with greater than human intelligence then taking over the world. i'm not worried about that i'm worried about frankly more mon dawn things we're worried about, spread of misinformation to undermine decrock sy. neil: so crazy, photographs that look real but aren't. >> yep. neil: it will be years to get it right. they got it ready after few tries, hours, days?
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>> it has been a little while. it is rapidly progressing. chatgpt 3 came out last year. 4 out now. five and six are on the way. the rate of development is massive. neil: they're all involved. they don't want to take a breather for fear some up with will take a leap on them. where do you think this goes? >> we don't know where it goes. certainly things will be developed a lot more. there will certainly be, almost certainly be massive ethical errors things that go sideways. most people don't know how this thing actually works. that is in part many companies that want to develop it, want to protect their ip, or say they want to protect therapy ip, they give it to enterprise, corporations. they're using it in their own ways. if they don't know enough, they might not know about the thing they're using in order to develop it in a safe way. neil: you know, i always think that it starts reasonably enough to make our lives a lot easier, over some ambitious teenagers, college students, high school
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students found ways to things write papers geared to the age group, mimicking mistakes your age group might make but that is one thing but another to -- >> there are lots of things to do with it. automat harassing tweets for instance. neil: that explains my emails. >> that is all people. neil: we really hate you. all right. >> no, this, you can automate creation of disinformation. you can use it in various ways to manipulate or cajole, push people. >> how do you know what's real then and what's not real, is that the big concern? >> it is a massive concern. there is talks about things like maybe we should water mark these things so people will know interacting with something general rated by a.i. no such water mark has been created successfully. not clear were that could also be copied. need to know what is real versus
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generated by a.i. is really high. able to do that systematically for the average person, let alone a data scientist is very low. we're miles away from where we need to be. neil: how do we know information we get is not just being falsely crafted? there is one thing, expose' on an individual, actually series of individuals that made it look like it was extended research dossier on someone, down to quoting stories it too had manufactured. >> sighs are fake. neil: how even are journalists supposed to separate that? >> you have to do your due journalist. journalist ought to be accustomed to say let me google. neil: first response, that would be negligent. same thing with this. it is not a terrible thing in in some instances to use it as rough draft or prompt but it can require real expertise is this a legit citation? is this true?
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where does it pull information from? where can i get other corroborating sources? if you can't, that looks like misinformation. neil: president biden specific on it, government wants to be involved to see if doesn't get a problem what do you think. >> we need regulation. exactly what the regulation looks like -- neil: we don't know what it is. how can we regulate it? >> we know what it is. there are two different kinds of things going on at the moment. a.i. callcalled ani, artificial native intelligence. what art firm intelligence is now, also called machine learning. makes predictions, is this good candidate for the job or for the university? is this person likely to default on mortgage? will this person respond postively to ad. that is what most a.i. is now. those are specific a.i. models trained for specific purposes. next to that we have this
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generative a.i. stuff. create a picture of neil jumping over the moon like a picasso. that is generative a.i. or neil's crusade against people landing on the moon. generational a.i., foundational models. you can build on that. ii have a foundational model tht can generate text, language, et cetera, any i want to use it for purposes of marketing, spreading misinformation, or et cetera, et cetera. there is one question how do we regulate where it encourages, don't overly hammer innovation but keeps citizens safe? how do we regulate more specific models, mortgage applications. how do we regulate, how do we distribute legal and moral responsibility among companies building foundational models, generative a.i. models and tweeking further those foundational models. eu has been working for several
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years around the first bit. it has been going around two years. they seem to be pretty close getting agreement what regulation ought to look like there is specific focus what is called high-risk applications which seems quite reasonable. risks to people beginning to accession of basic goods of life, health care, financials services work around then -- neil: all this is happening in rocket real time. >> why the eu is completely caught off-guard when it comes to regulating generative a.i. when biden says we need regulations around this stuff, there is the white house bill of rights, a.i. bill of rights for the first category of a.i. we talked about. he seems to be talking about now regulating generative models. that is needed. but very early days. neil: it is mind-blowing. reid black man we'll need you back to talk about this. >> anytime. neil: presidential candidate just announced thinks of all of this, and how far the government should be involved in issues like a.i. and all the other stuff around it?
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♪. neil: you probably are aware president biden is in northern ireland right now but before leaving he did say, and the white house has made clear it wants to sort of get its handle on how to go about dealing with artificial intelligence, whether you have to put gates, breakers on a lot of this stuff, slow down. republican presidential candidate asa hutchinson, kind enough to join us, former governor of arkansas. governor, if you don't mind, i like to go into that, if you ever became president, should the federal government have a role? would you as president want a role controlling this technology that some people think could control its makers, us? >> well, we should always resist government regulation when there are alternatives. here in this case of a.i. there is a lot we don't know yet. i think we do need to have
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hearings on it. we need to learn more about it. we need to know that risks are there, but generally speaking whenever there is a new technology the best answer in terms of protecting privacy, in terms of making sure there doesn't go too far is a new technology. you need a technological response to a.i. first, for example, if something is a falsehood that a.i. produces is there a way to detect that falsehood and sound the alarm? so let's look at that first. i think we need to have hearings. there might be a need for regulation down the road but i would say let's resist it at first and let's slow down and let's study this and, figure out if there is better technological response to concerns on it. neil: what i heard to a lot of people if it can fool us with images so true, inaccurate, false, so layered they are false, if it can do that so
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easily we have to get involved quickly, to slow it down or look at what the potential problems could be. they are going to erupt fast. >> well we need to get a handle on it quickly. and, so, this is where congressional hearings are important, the investigation is important, a study is important. let's look at it but, i do believe, whenever you had the internet that came along, congress resisted for years and years any regulation of it to give it an opportunity to foster. neil: true. >> i think that is important on new technologies. so you certainly don't want it to get out of hand but let's look at industry. what kind of response can you have that will protect the citizens in terms of privacy but also the truth in our society and not representation. hopefully there is not. you ever to look at level of regulation that will control that. neil: i wishing we had more time, with all breaking news,
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developments, we do not. we want to follow up on how the presidential quest going. , will you make that august debate. i guess that has been nailed down. always good having you, governor. good seeing you. >> guard to be with you, neil. neil: asa hutchinson on all of that. meantime parents want best for their kids, what they're sacrificing for their kids, it is pretty pricey to them personally too. after in.
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now! the meatloaf. i never know what she is doing back there. neil: that is so much my oldest son i can't quite place it. the whole thing, will ferrell can crash a number of weddings. gerri willis on the phenomena where kids are overstaying their welcome, in some cases, but parents are giving up lot of things to take care of them, right? >> i think possibly you're numero uno on list of parents who dole it out,. neil: i know it. >> all right. between the high cost of housing and food, the adult children are helping fund parents goals. in bank rate survey, seven of 10 parents of adult children report sacrificing their own needs to help their kids financially raiding emergency savings, tapping retirement dollars, delay paying off their own debt. listen to single mothers talk about the financial squeeze they
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face. >> i too got student loans i'm paying. my daughter has student loans she is now paying. so it is just like a cycle that continues. >> i have three generations in the home. sometimes it is like a episode of chops. let's see what we got in here. >> how much assistance young adults should get is a source of debate with boomers saying independence should start at age 19, while gen-z sees age of 21 financial maturation. threatening financial solvency of parents especially when it comes to retirement. >> what i worry about, one, these parents might be putting their own financial well being at risk, then too, there is a fine line between helping and enabling. >> reporter: especially concerning, impact on retirement
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savings of course. according to the center for retirement savings at boston college market volatility it caused 401(k)s and iras $3.4 trillion in the first half of 2022 and i am told the way to think about this, secure your own oxygen first, right? neil: absolutely. >> parents should take care of themselves, ultimately what happens you end up getting in a fight with your kids, rely on them at old age. at some point there has so be some separation. neil: only way to grow. i have no idea what i just said. gerri, you'res best. thank you very much, gerri willis on all of that. talking to my kids when i get home. i want to talk to laura ray dickey, dickey barbecue ceo. i can't imagine she has tough time finding workers. if you gave me the food at a cut price, that would sign me up no matter what age you are. how do you deal with that, getting kids or anyone to be there? you. >> know, we have been hiring
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since 2021. it is the longest stretch we've had of continuous open positions in all of our 500 restaurants across the country but we're sen interesting shift. we were seeing folks first job. now seemingly we might be some folks last job. we're seeing more mature, seasoned workers coming back. they are wanting part time but consistent schedules, we're coming and seeing older folks that are looking to either, maybe delay retirement or rejoin the workforce or, you know, maybe they have been laid off and they're in between jobs. we're seeing a lot more seasoned workers. we used to say that the pit in the restaurant was older than a lot of our team members. now they might both might be equally seasoned. neil: that is interesting, when you say older workers, how old? >> our average used to sit between 18 and 24. now our average age is 40, 45.
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considerable jump for average team member age. neil: do you give them discount on food? >> we do. neil: i would skip the whole pay thing, pay me in ribs. what do you think? >> that we could make a deal. i still have open positions. neil: how is the business itself going? we were talking the beginning of the show, laura, the fact restaurants are crowded yours a packed. when people talk recession i get it, slowing down from where we were, i get that. it is not nearly as bad as the '70s, i can remember that experience. it is nothing like that. >> it is very similar lot of ways we saw in 2008, we mad folks very busy, we were priced at at point folks maybe they used to dine a little higher in the market they're able to settle where we are. that is the nice part about being fast casual barbecue. we still smoke everything on site. folks come in. we're sitting $12 average for
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lunch combo, that is value in reach. we're seeing a lot of value based buying. we're seeing family packs. folks are wanting leftovers. folks now coming in to feed a family of four to six with one of our pham packses at $60. that is better than they do at a grocery store preparing it them selfs. we have smoke on site, brisket and ribs. people are fill. they get value. we're able to offer that. folks are very concerned looking for deals. they're using coupons, using loyalty. it is certainly recession oriented dining behavior. neil: all right, keep us posted, laura, very interesting, laura ray dickey, dickey's barbecue. they're everywhere. you know when get when you hire older worker? you get someone reliable. they value work, value the job, for me they value ribs at at
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discount, preferably free. speaking of food, interesting item crossing the wires, when you break down cpi, grocery prices in the u.s. fell for the first time in 18 months. the relief was particularly seen in the price of eggs, milk, vegetables with decline. but here's the thing, decline from those very high levels. the rate of increase is slowing down. they're still very expensive. we'll have more after this. ♪. ♪ the all-new chevy colorado is made for more. bring more. ♪ do more. ♪ see more.
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neil: talking about crowded restaurants. we were talking about the fact mower movie theaters are also packed, broadway shows. american airlines is saying hiking its profit guidance, not enough for the street's purpose. they expected planes to be more filled as months get into summer, the busy travel season but it does provide a backdrop that those a economy remarkably strong right now. steady job growth. we want to get the read from jim messina, what he makes this, former obama campaign manager. jim, i was thinking of you if you were in the same role tying to get joe biden reelected i'm sure this would be a feature of that campaign but it doesn't
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appear to be generating with americans yet. concerned about maybe all of these unknowns but what do you think? >> yeah, look, it feels a lot like 2012 again. you have a president running with a strong record in a difficult economy trying to explain how things are getting better. i agree with you, if i was the helm of this i would steer right into it. by the way, neil, he is exactly doing. he is on a 30 city tour of manufacturing. going straight at it democrats understand that americans are economic voters. it is about the economy. they want to understand where this president is taking their country. neil: normally, jim, if you want to switch presidents the incumbent has to be doing pretty lousy to get them to try out the challenger, not all the time, but i remember there were real doubts about ronald reagan in 1980 challenging jimmy carter. things went south in the economy, people abandoned jimmy
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carter. we'll give this guy a chance. he did a presentable job, good job in the debate only days before the election, so it did move the needle. this is really about joe biden, no matter who the republican nominee is, right? >> two things, one as you said earlier, i looked at 100 years of re-election campaigns before i ran obama and two things are interesting. one the incumbent can't get a primary. in your and my lifetime, got primaries, george bush in 80 and george bush in 92 both lost the general. neil: good point. >> you have to go straight at making sure voters understand it is a choice. so my job against mitt romney in 2012 was make sure he was not an acceptable alternative. once we did that, there was no way barack obama was going to lose. so it is about joe biden but it is also whoever the republican opponent is. making sure that you disqualify them as well. neil: you know, i am thinking back to 1968 when incumbent
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president was primaried, eugene mccarthy did well enough to push johnson out of the race, that was also the year democrats gathered in chicago. thinking lo and behold, next year they will be gathering in chicago. are you worried just by that history? >> no. i think what chicago means for the democrats and republicans going to milwaukee is that the midwest is still the battleground of american politics. it is a tacit admission by both parties we'll be fighting in a limited amount of states and the most important states in the country are in the midwest. neil: but chicago is rid stilled with all this crime, right? you don't want reminders of that on tv every night, do you? >> no. what you want is a midwestern story and connecting with voters in the battleground state like wisconsin, minnesota, michigan, ohio. so that's why they're going to illinois and that is why the
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republicans are going to milwaukee. it is, you and i are talking about next year about a small group of states. it is all about the midwest. neil: you mentioned barack obama getting him elected. for a while that looked dicey. joe biden is no barack obama. he was a gifted politician. i don't mean to besmirch the ox pant of the white house he is not. >> look, this is about the midwest, voters in midwestern states making sure that you know, we lock down what we on democratic side call the blue wall. in those states, neil, joe biden is really good. he is from pennsylvania and delaware. he connects with midwestern voters. why i think it is so smart they go straight at it, stay in the midwest for the convention. neil: we shall see. jim, great catching up with you, thank you so much. look forward to chatting again. jim messina, messina group ceo, white house deputy chief of staff, former obama election campaign manager. he pulled out an election not
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looking good for barack obama. that was then. we know what happened since. we'll have more after this i'm so glad we did this. i'm so glad we did this. .. so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones sfx: [alarm] every day you get to choose. do i want more? can i grow stronger? can i get better? bodyarmor lyte. more than a sports drink. at t-mobile, your business will save over $1000. what are you going to do with it? i could use a new sign. with t-mobile for business, save more than $1000 versus verizon. and with our price lock guarantee, we'll never raise your rate plan. ever.
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we really don't want people to think of feeding food like ours is spoiling their dogs. good, real food is simple. it looks like food, it smells like food, it's what dogs are supposed to be eating. no living being should ever eat processed food for every single meal of their life. it's amazing to me how many people write in about their dogs changing for the better. the farmer's dog is just our way to help people take care of them.
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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. adam: just reminder, we have lose trust, the former british prime minister with me. should be interesting. let's go straight to what they've got going on. jackie: i'm jackie deangelis. taylor: i'm taylor riggs. brian: and i'm brian benberg.

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