okay, we're all wrong. august 7, 1776. wouldn't you know it ash. i want to show the markets well. have a rally going on. yesterday we had a rally after the opening bell. we pulled back by the close. after two hours of business we're still going up. dow is up 170. nasdaq up 172 big gains. don't forget to send in your "friday feedback," email us at varneyviewers@fox.com. send in the good stuff, please. i like to see it all. praise, flattery is good. a little hate mail doesn't hurt. that is it for "varney & company" this thursday. "coast to coast" starts now. neil: take a hike in may then go away? i am not talking what investors might do after a summer dash out the door. i'm talking about what the federal reserve might do, hike rate up with last time before finally slams the door.

you heard me right. one more hike, then the fed take as hike. all because inflation or at least inflation at its worse seems to have taken a hike. don't get me wrong, it is still there. just not as much there. the latest proof, wholesale prices following the same tepid trend we've seen on retail prices. in fact producer prices actually fell half a percent month over month in march. core prices also slid backwards in the same period. yes, both measures are still up year-over-year but not as much as some feared. maybe enough to warrant one last teen knee an insurance interest rate hike. maybe no more hikes for a while or the rest of the year. is this all wishful thinking? don't tell that to investors seem to be salivating at that possibility. that our long inflation nightmare could be over or winding down. let's not get ahead of ourself here. still a big wall of worries to

climb. those unending defense leaks seem to be coming out of the hour. former secretary of state mike pompeo is plenty worried how all of this got out. he is here to tell us what must be done, quickly to undo the damage now. pompeo is one possible presidential candidate joining us today. so is virginia governor glenn youngkin. he is not talking iowa or new hampshire. he is talking virginia. lego group's billion dollar groundbreaking after huge manufacturing facility in his state. it could mean more than 1700 jobs. it's big boost for virginia. quite the bragging point for the governor. maybe that presidential thing. we'll ask any way. good morning to you, i'm neil cavuto. all the green pretty much acrossthe board. let's ask luke lloyd and gregory on what they think is happening.

gregory to you first, maybe my theory what is propelling, justified for not, the thought that interest rates don't have to go up as long or as much, maybe in may one more hike, then they go away what do you think? >> i think that is the likely out come in the current conditions. we're seeing signs that inflation is moderating. in fact disinflation is accelerating. we saw it yesterday with the latest cpi, consumer price inflation data. we're seeing it today with the latest wholesale price data. margins are coming down. that will heed to accelerating disinflation in an environment where demand for services and goods is easing. housing price inflation is easing. even wage growth is moderating that should put the fed on track for one last 25 basis point rate hike. i think after that, they hold at the terminal rate just above 5%. neil: you're seeing in future months, luke, that is what the market is saying. you remind me those that trade in fed fund futures and the like

often reverse those trades. that is a growing assessment. what do you think? >> i think it is really about how long they're going to pause. i think that is the misconception they will pause for a short amount of time and cut rates. i think they will stay there for a long period of time, if not maybe hike more at some point down the rhode pending where inflation goes. the ppi number we got this morning was a good number with regards to the fight on inflation no, denying that. but what happened the past couple weeks since the end of march is concerning to april's report which is why i think the market isn't up higher right now. oil is up oaf 10% since march 31st. energy is one of the biggest contributing factors to the reports of inflation as a whole. energy determines inflation. energy being up a lot already, potentially heading higher is not good for inflation and input costs to companies. here is the dilemma we'll have. you will have seesaw in inflation depending on energy costs which makes the federal reserve job harder or recession

finally kick inflation in the butt. you will have a mix of both. ultimately this is going to end in some sort of a recession which will kill the beast that we call inflation since ultimately that is the poison and the cure all in one, some sort of recession. neil: we don't see it in a lot of the data we're getting right now. we don't hear it out of airlines, delta the latest to say quarterly numbers disappointed. americans, united, came out with the same type of sentiment here, all looking forward to all major airlines, busy travel season. what do you make of that, greg, the backdrop this has for the economy? >> i think we're still in environment where consumer spending is relatively resilient. we're starting to see cracks in the foundation of consumer spending desire and to spend. we're hearing softening in the labor market. businesses are more hesitant when it comes to investment decisions, hiring decision. that will weigh on income and weigh on consumer spending.

we're in a fairly resilient economy now. would i look to the summer where we likely see further weakening that will likely lead to an environment where inflation will ease with growing speed. that could lead the fed to readjust, recalibrate its monetary policy outlook but as we were saying the big disconnect right now is that markets are pricing about three rate cuts in the back end of this year and the fed is saying no rate cuts in 23. neil: i can't see the rate cut part of it but to could consumer strength and luke, you don't quite buy it, our producers said the disney website crashed today as annual pass sales resumed for disney world. apparently demand was so robust it went down. this is pocket change for you luke, a lot of people could make-or-break whether they go. >> not too disney. it is expensive. neil: prices are super high.

they're not getting any cheaper. people are just in a mood to have fun, whether that is with mickey or american any or all these other characters, no matter the price. even crashed the site because of it, what do you think? >> not that i debate whether demand is strong right now or not. it is obviously strong, staying strong. i debate where it is coming from. when from peoples savings accounts or some sort of debt, whether credit card debt or revolving credit line, right? neil: right. >> people are willing to spend money, there is no doubt about that. companies are not in general dealing with a demand problem. at some point down the road. demand is not rising down the road. it will stay the same or decline. take out demand. companies are dealing with oh head costs, input cost problems. earnings are expected to drop 5% this quarter. this is not coming from revenue, coming from the cost to operate a business. that is concerning, you had a bunch of unprofitable cash flowing businesses could not turn profitable, cash positive in low rate environment and

strong demand. how can they turn profitable in a high rate environment. expense of giving up profitability, the bottom line you got rewarded. it wasn't a game of profitability t was a game of revenue. now the game has changed. it is all about profitability. those that are cash flow positive will survive and will hold up. those that aren't won't hold up. neil: luke, final word. greg, thank you, hopefully more visits to come. meantime we're keeping track of the push for electric vehicles, the administration is leading. almost had a tony soprano effect on a lot of people yesterday, that they're making an offer that we better not refuse to go 60 plus percent all evs in the next seven years or so but the epa administrator saying no, no, we come in peace, mean no harm. take a look. >> how do you convince americans that they need to go forward? are they doing to be punished, say, if they don't go ahead and

buy that vehicle in the amount of time that you have given? >> absolutely no punishment, sara. listen, we're thinking out for the future. this proposed technology standard for automobiles, it doesn't kick in until model year 2027 and beyond. so what we're looking at is, a ramp up period. neil: you know model year 2027 is really three years away, if you think about it. so that is when they hope to get this thing kicking phil flynn is here on the fallout for traditional gas-powered vehicles, traditional gas and energy what do you think, phil? >> we're already being penalized, neil, what are you talking about? listen this proposal to go all electric is already raising the cost of gasoline. you're saying it will not be for years down the road but we're seeing, neil, because of these policies by the biden

administration, this push towards electric vehicles, that we're seeing underinvestment in refining capacity. just, within the last couple of days marathon, basically said, we don't see the demand for gasoline growing enough to keep refineries open. so we'll shut them down. what happens when that happens? we have less refining capacity and higher prices and less gasoline, so everybody is going to be paying for these proposals because they're very shortsighted, they don't look at the big picture. neil: you know i hate to say, why don't we do what europe does, europe believes in a big way in hybrid vehicles, that offer both features, gasoline power, electric power. in other words you're able to take advantage of both. they seem to get it right. don't seem to be having potential energy crisis we could be facing. coy be wrong, what do you make of that? >> no, i think you're right. i'm everything and above, right? i think you have to have a balanced approach. we can't demonize internal

combustion engines. hybrids may be the answer. listen, europe is already paid a heavy price for short-sightedness when it comes to energy policy. neil: true. >> you look at the war in ukraine. you look at the sharply higher prices. you look at failures of wind and sole heart power that we've seen there, neil, as you know, really got europe looking at this rush to get rid of fossils fuels a lot more balanced. that is what we need a more balanced approach. we're not getting that out of this administration. we're getting fossil fuels bad, electric cars good and that is their only answer. reality is that this push to electric cars will take an incredible toll on the environment and they're not figuring that into the equation. neil: question. that is clear letter the case. phil, great catching up with you, my friend. it has been a while. >> thank you, neil. neil: phil flynn following the energy developments. mike pom boy -- pompeo is here

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that's 1-800-217-3217. >> any claims he is russian operative or pro-russian is categorically false. he is not interested in helping any foreign agencies with their attack on the u.s. or other countries. he was a young charismatic man who loved nature, god, who loved shooting guns and racing cars. neil: this "washington post" interview with that showed dough hiddenned young man was not involved in the release of these document the but he knows very well the guy who was, who we're told worked at a military base, had a high technology knowledge base. was a gamer we're told and those with whom he shared this information were gamers as well on so-called discord site, actually more shockingly, a lot

of this was being shared years ago. we don't know whether it is all the material we're getting right now that actually goes back just a couple months but does raise a whole hot of issues and this community seemed to know it, someone obviously didn't keep a secret. it got out. i wonder what mike pompeo makes this, former secretary of state who is kind enough to join us. secretary what do you make of this? these things always seem to get bizarre but this is really bizarre a gamer with military ties to a base, on and on we go, what do you think? >> neil, it is bizarre. i think there is still a ton we don't know. one might not accept precisely what that young person said as completely accurate true, painting the full picture. there is still lots of pieces of this that need to be peeled back but what we have seen, a handful of documents that government appears, current administration at least some of them are authentic. so there was a leak. you know the substance of these things so far, not particularly

devastating, right? we see ukrainians are running short on ammunition. the world knew that frankly. this is one of the things i criticized president biden for he hasn't provided the tools the ukrainians need actually to be victorious, the risk, risk to united states intelligence, capacity to collect intelligence is very real. if your future assets or future friend, who you need assistance from, can't trust that you can keep your secrets, keep classified information where it ought to be, ability to perform these intelligence functions is diminished. i think there is real risk of that for sure. i think the administration has not seen the end of this. my guess, hike my wife's shoe closet. they're are more shoes to drop. i've been involved in a handful of these that we were cleaning up from. director brennan's time at cia, to get to the full scope of what was actually there, what had been leaked, what had moved outside of the intelligence community into an unclassified

space was very hard for us to get our hands around. neil: still what i was shocked to learn is that, you know, potentially hundreds of thousands, more than 200,000 would be able to get access to data like this, not exclusively this. i'm sure the audience is potentially much smaller but i am worried, i could see someone like you having that in your position in the trump administrations and prior but it sound the like a lot of people, both here and in some foreign operations do get access to this sort of thing and of course in this case it was a bunch of gamers who were given access to this. they were not part of that crowd but they grew to be. that seems in need of tightening up. >> neil, i could not agree with you more. put aside the fact that it got outside the classified space. those folks obviously shouldn't have it but i was always amazed sometimes innocent things that were not even classified, things leaked to the post or "new york times" on my watch. okay we have to find out who did

this. immediately, within an hour, sir, we had 11,000 people who saw this, right? it could be potentially huge numbers of people. sometimes these were broadly disseminated documents but often times i saw lots of information that you know, somebody might have the right clearance but had absolutely no need to know. they were someone they had to check off they weren't the leaker. we absolutely tried to tighten that down, there is still amazing amount of work that needs to be done. too many people seeing too much information, always increases the risk exponentially, neil. neil: we're sloppy with this stuff. talk about the documents that have been found and joe biden's garage and all those found in mar-a-lago with president trump and of course extending to vice president pence. >> yep. neil: we can't seem to keep secrets. >> you know, neil, we do have a pom with this but i will say most of the most important secrets i saw in my time as cia director we were able to keep inside. so the american people should

know, we actually do a reasonable job of this but what has happened right, whether it was the vault seven leaks from the central intelligence agency, the work that snowden was able to do, we can go through handfuls of cases over the past decades where cases got where it shouldn't be. everybody involved, every human being needs to make sure they are doing this right. make sure we have systems, processes protect this. how this stuff got to mar-a-lago, the garage next to jobe's corvette, ended up in the streets in ireland yesterday. neil: yeah. >> this is this is dangerous stuff and the responsibility of every individual to get this right is real and the duty of government to hold those accountable who failed to deliver on that level of security needs to match that threat. neil: you know, obviously we don't, and can't ascertain the truth of all of this material that has come out, but there are enough consistencies certainly even in the general press concern over the longevity of

ukraine's fight and counteroffensive planses for later in the spring, whether it is up to that, running out of key supplies. does that worry out, that comes to light right now? it is sort of planted new doubts that ukraine can't make it for the long fight? >> neal, i was in ukraine, spent about 10 days ago now, the thing they said they needed most was 155 rounds, ammunition, simple artillery. not high-tech stuff. the capability to continue to perform. the air defense function and to fire artillery as russians were trying to advance in bakhmut in the region. russians are having similar problems. massive supply chain problems, losing people at a rate absolutely staggering. both sides are expending huge human resources and physical resources in this conflict. my judgment, the way this ends quickly, restore the deterrents

biden administration lost. americans say we can't spend this money f vladmir putin controls kyiv, this will cost the united states far more than providing ukrainian people to convince putin this war is not continuing. biden is done this far too slowly f we perhaps got on this in a serious way we wouldn't be where we are, neil. neil: i want to switch gears, secretary, talk about emannuel macron, apparently our fixation, i don't want to mischaracterize what he said with china, taiwan, all of that, that is a u.s. issue. i caught up with liz truss, former prime minister of great britain took issue with that. emannuel macron essentially throwing western powers under the bus. what do you make of what he said? >> oh, goodness. i have spent a lot of time with president macron. he always had a little bit of resentment towards the united states. i would remind him the best way that the u.s. doesn't have to do

work in europe, do it yourself. we would encourage him. encourage the germans to do the same. it was galling to see the remarks he had to say. this was ignorant. make no mistake this problem with the chinese communist party is not a conflict between the united states and china. it is an effort by xi xinping to dominate the entire world that certainly includes europe. liz truss, some of the others in europe, the eu president made remarks exactly opposite of those macron made. most of europe understands this risk in a way that is serious. i hope they begin to expend their resources in a way to match what they know the threat is from the chinese communist party. neil: they seem to be focused, not unvert sally, some are complaining about the on going war in ukraine to continue funding it nothing to the degree we are, nations like poland are, but the fact of the matter they don't seem as concerned with taiwan. maybe emannuel macron said what

they're thinking, taiwan isn't our issue, what do you think of that? >> yeah. it is possible. it is possible that he is maying to some political base inside of his own party or inside of france but he knows better. he knows that the chinese communist party is infiltrating in his country and the same way they infiltrating american universities. that they have stolen intellectual property, same way they stolen 10 of billions of dollars of american intellectual property. president macron says the coming confrontation not brought on by the united states, brought on by xi xinping prochina, this con felontation is serious. neither france or britain will escape the threat. i'm confident the europeans will work alongside with us, japanese, south koreans, every nation that understands the threat from china the way we do, they will be with us. neil: secretary while i have you we always veer into politics. i know you eschew discussing

whether you make a presidential run a lot of your big fans and supporters hope you do. i only say it in the context of fast moving poll developments we've seen including for donald trump even in the face of these indictments, the first for a former president ever. his popularity has gone up. miss money raising skills has gone up amazing. close to $15 million his campaign has gotten since the first indictment went down. asa hutchinson just joined the race, sir, he understands overzealous prosecute criticisms that republicans have thrown at alvin bragg. he think it is bad enough, more controversies and possible indictments to come in other investigations. including former president's role in the georgia recount, whatever activity my have had to spur the attacks on the capitol and january 6th, classified documents you name it, that he should step down, that he should quit running for president. what do you think of that?

>> i think everyone who is thinking about this themselves has to sort that out for themselves. and then the american people and first instance, republican caucus-goers and primary voters get to sort it out. would think it is for any of us to say, sally, pete, john, president trump should or shouldn't run for president. everyone has to make that decision. i'm confident president trump is pretty clear what he intends to do. i have equal confidence that the american people will be serious thinking about what kind of leader, who do they want to lead the country through an incredibly tumultuous time, not only abroad but problems here at neil: there will be a candidate forum in august. you might be part of that if you choose to run. do you think that is a fair issue to raise when you're on the stage with donald trump? >> i like winning. i like america to win. i like our party to win. i believe conservative ideas matter. i think in that sense nothing is

off the table bringing up issues relevant driving america forward. everything is on the table in that debate. i'm confident, neil, you've seen the debates, i'm pretty confident everything will be on the table. neil: because chris christie said who also might join that race a lot of people who might. i'm possibly taking way too many leaps, donald trump is the only candidate who cannot beat joe biden. what do you think of that? >> unknowable. we're still a year-and-a-half off from that election in the fall of 2024. unknowable who can win, who can't win. unknowable if president biden will be the democrat nominee. i think there is still a long way to go. i do. i always have confidence in the american people. they usually get it right. they didn't sadly in 2020. they led us down a path but i'm confident the american people get it right in 2024. neil: as you know the republican party hoping anyone who participants in that debate will agree whoever is nominated by the republican voting base would

be supported by all candidates. it is not a litmus test. she had had her druthers she would prefer that. do you think that should be the case? if you ran would you support the republican nominee, even if you don't run? >> i cannot imagine supporting president biden or a democrat to lead this country forward. it seems incomprehensible to me, neil. i've been in the conservative movement for my entire adult life. to think i will divert from that in 2024 seems ludicrous. neil: president trump has not said the same himself. does that worry you? >> everybody gets to make their own choices. i think the american people get to evaluate that. do you believe, do you believe that a conservative is better than a progressive liberal no matter who embodies those positions? i think that ought to be a pretty simple question for everyone to answer. i hope every republican, including president trump will do that. neil: got it. we'll watch.

follow it closely. always good catching up with you, secretary. and for your service. >> have a good day, neil. neil: you too. we'll take a quick break here. we have identity on the leaker. the suspect is reportedly a 21-year-old national guardsman who did in fact share top secrets about the war in ukraine and originally with a bunch of gamers on a site largely meant for gamers called discord and he has caused a lot more than a little discord since. stay with us.

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neil: the super-rich in norway are ticked, many are leaving the country because taxes are going up in norway, at least for the super-rich and they are fleeing with implementation of something called a wealth tax there, 1 1/2%. you know how that goes. it starts low, then it goes higher. they have a step-up program very akin to ours, eventually brings you, when looking at all the

surtaxes, even at most extreme a top rate of about 30%. that is being very generous, even with the wealth tax. our top rate is about 37%. joe biden wants to return it close to 40%, with surtaxes and medicare the like, 43%. we have state taxes all of that stuff to bring it over 50 plus percent. having said all of that it is causing a uproar in norway, 30 millionaires who call norway home, half are considering leaving. keep you posted on that. in our country, 28 states are trying to give tax money back to residents. a mixed bag. mostly republican states. a lot of democrat states trying to give surplus money they have never gotten, never spent, back to the taxpayer. like lloyd on all the developments if you get taxed too much, doesn't matter where you live, luke, you bolt, talk about bolting. you're promised some money back

you might think twice, what do you think? >> norway is considered one of the happiest places on earth, countries on earth, right? neil: norway ride at epcot they have never been the same, but i digress. >> i love the norse mythology and try to keep up with it. living in fiscally responsible areas conducive to how happy people are right? norway's debt-to-gdp ratio 40%. norway's debt is only 40% of its gdp. mere in the u.s. the debt-to-gdp ratio is 130%. our debt is total gdp output, 30% more on top of it. norways that done a much better job being fiscally responsible than the u.s. they have are much more efficient with the tax dollars than the u.s. people get more for their tax dollars. here in americas we have to worry about the social security system and state and left, we have to worry about arnold

schwarzenegger filling potholes for us instead of government. i don't know if you saw the video. prop to the terminator on poll holes himself. instead of lowering taxes, we need to get our spending under control. if we lower taxes without cutting back federal and state spending all we'll do add more to the deficit to make things worse down the road. lower spending, lower taxes. in debt with heavy spending and taxes makes people unwise and stressed. neil: thank thank you, luke llo. sorry for the abbreviated time. want to let you know a lot of people making a run for president like to use the record at home as a sign they're building the brick by brick compelling case to run for the high office in the land or in the case of glenn youngkin, lego by lego. i will explain next.

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♪. neil: all right, do you like legos? they're really hot right now. in fact when the company lego group, european based, looking to add a manufacturing facility wooing states glenn youngkin said come over to the commonwealth, breaking ground on one billion dollar capital investment, promising more than 1700 jobs in chesterfield county, virginia. governor youngkin kind enough to join us. governor, congratulations on this. this is a pretty big deal. tell us about it. >> it's a big deal. thanks for having me. it is an exciting day, 10 months ago we announced lego was coming to virginia. today we had a ground breaking that reflects extraordinary process. they are already hiring.

they will have 500 people hired by the end of the year, start shipping from this location. that is what it takes. it takes great speed, a great partnership. lego is a iconic country. they looked all over the country, chose to come to virginia, because i believe virginia is the best place to locate a business and a factory and a future. reflects great participate we'll have with lego. we'll continue to see them grow here, very exciting. finally, neil, what we're recognizing is that manufacturing around the world wants to come to america. they should come to begin what because, what we're seeing is, that supply chains recognizing that we have to have local supply. we've been strategically focused on this in the commonwealth, semiconductor industry, automotive industry in order to bring the trusted supply chain with allies that we trust right here to the commonwealth of virginia. neil: you're very skeptical when it comes to countries like china

though, particularly china doing what it as done in other states, buying up farmland. can you tell us how that is going? i know you're trying to prevent that. >> yeah in my state of the commonwealth address back in january i asked our general assembly to send me a bill that would protect our farmland, extensive agriculture lands in virginia from purchase from bad actors, particularly those associated with the chinese communist party. we have national security assets like the pentagon and quantico and largest naval base in the world here in virginia and the last thing we want is for bad actors to be buying up our farmland right next to them. i was very pleased that bill was sent to my desk. i was able to sign it that in conjunction with a bill that solidifies the fact that we have blocked, we have blocked all state assets from using tiktok and that has been hugely

important. we're protecting virginians. we're pressing forward with building a thriving economy and i just invite ebb, come to virginia. we got a lot of good stuff going on. neil: there are a lot of ceos who still make pilgrimage to beijing and to china in general. i noticed you're planning an asia mission that will include taiwan and japan, south korea but not china? >> i'm excited to be visiting with some of our largest trade partners and particularly trusted allies that are an important part of the value chain in some of the most important industries for the u.s.'s future. semiconductors, automotive, pharmaceutical supply chains. we want them to come to virginia. i believe we have a compelling argument to make that they should come to virginia. so i'm going to go visit with those folks and recruit them. i never had a business success that showed up on my desk. you have to go get these things. so i am real excited next week

to be in taipei, to be in tokyo, to be in seoul. neil: governor you have been on a roll. you were among the first-in-the-nation to demand and mark into law with you know quick approval in the state that those you know, as low as 18 had to check with their parents before getting on social media, effort to bring that even lower, kids as young as 14, correct me if i am. that the senate rejected. that was going too far, that is the latest. what do you make of that? >> that is really frustrating. remember i have a house that is cold by republicans and a senate controlled by democrats. neil: that's right. >> we brought common sense into most of, most of our initiatives. in this case i think the senate democrats forgot to use the common sense. they chose big tech over your kids. i was working to protect our

kids from big tech gathering their information and selling it. we're not going to stop at this. we'll start again next year and get this done. i think it is hugely important that we recognize that what is happening to our children in social media is something that should only happen when parents acquiesce to it or bless it. right now we have big tech and social media harvesting the data of our kids. i want to sop it in virginia. neil: governor, asked about this all the time, last time i chatted with with you whether you're serious about a presidential run. in the other day, you told a reporter i'm not in iowa, new hampshire or south carolina referring to early battleground states for any republican candidate. does that mean, i know you're focused on elections for the assembly, maybe tipping the senate republican so awful run ever the table but does that mean you're no longer considering a presidential run or heeding advice of friend,

those who support you thinking it would be a good idea? >> well, neil, i'm humbled constantly by this topic and i have been clear. i'm not even writing a book. i'm focused on virginia and we've got a big year ahead of us. i've got our entire house, entire senate up. it is the midterm year in virginia. we're off cycle. we'll hold our house. i want to flip the senate. that is where my focus is. neil: if you do flip it, succeed, you're free, a little freer to think about other things, right? >> neil, i am a, i'm a focused governor and i was focused on bringing lego. i was focused making sure we delivered on the day one gameplan, promises made, promises kept. i'm focused on making sure we hold our house and flip our senate. neil: so let me ask you a little bit that. i know you have a political action committee. you hold in millions of dollars from that. in fact really meant to benefit

republican candidates in the commonwealth, i get that but it's a lot of money. it could also be shifted to a potential presidential run or am i discuss misreading that? >> well, i've been really pleased by the support across the commonwealth and support that we've gotten outside of the come upon wealth what we're doing in virginia. particularly to progress our agenda. to progress it in these elections. so that is where that political action committee, the spirit of virginia, is focused. is making sure we can deliver on promises made. what is exciting is, the nation has got its eye on virginia. i think we're demonstrating that we can bring conservative philosophies to kitchen table issues and change the direction of a state. we were, we were nearly last in job recovery in the pandemic, and now we're surging. we in fact watch our education standards diminished and reduced. we're putting them back to the

top. we in fact saw violent crime in particularly murders hit a 20-year high and we is been addressing that directly successfully. i think, i think we're demonstrating that the issues that, i think the nation is focused on are the issues that we've been tackling in virginia. we've been doing it with a sense of urgency and it is working. neil: so, governor, finally i mentioned this pac, maybe the success it has had two of the advisors, former advisors, jeff roe and matt, they are now supporting a pac backing ron desantis. were they just getting impatient waiting to hear you decide or are you happy they're just exercising their political rights to go anywhere and everywhere, what do you make of that? >> well everybody has to make decisions on what is best for their business. i encouraged them to do exactly that. as i've been really clear, i'm focused on the commonwealth of virginia and we're going to win

elections this year. and, so those decisions have to be made, what is best for those folks. we're continuing to drive the commonwealth forward, governor, always a pleasure having you on. congratulations on the lego thing. >> thank you. it's big day in the commonwealth. neil: i know all the architectural plans were done in legos. that is witty. i love legos. more after gos this. yes. right. yeah. and i don't think at that time- i think you're the one to tell me that we had the same birthday. yes. it's really unbelievable when you think about it, because it's been, like, really over 20 years that you were my mother and father's banker, you became my banker and now fran is in her third year of college and you're her banker. it's so unbelievable because i'm just 20 years old. [laughing]

i screwed up. mhm. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud.

well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck.

neil: all right, how about using a.i. to make a little money and actually make money what you could see happen tomorrow using things like chat g pt our next guest already doing it. he joins us from the university of florida, finance professor. professor, how does this work. >> hi, thank you for having me. so what we're asking chatgpt to do, we put a headline, news headline, say like, stock price affects company went down today, we asked chatgpt is this good or bad for the future of the company's stock price? we simulate what would happen strategies based on these absence of transaction costs and other implications. what we find that chatgpt is

able to accurately capture the direction of the movement when fitting it with news headlines. neil: it must be looking at a historical database of companies and their announcements, what happens most of the time, right? it can extrapolate that whether it will be a good investment or not? >> yes, exactly. so in that sense it is working similarly to what a human would work with. if i wrote a headline, i get a little bit of context and what happens if the ceo is fired? well in that case probably not going to be good news for that. chatgpt is also able to way it is -- past news, et cetera, it is able to accurately say, whenever a ceo is fired probably not good news for the company and because there is a little bit of delay in the time where news gets released and the price moves, there is a little bit of -- neil: got it. i want to have you back. very sorry things are cut here

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neil: running tight here, taylor riggs and "the big money show". taylor: brian late to work, building leg goes at home. we love the leg bow interview, are you a lego guy? neil: we build things bigger than thi