tv Cavuto Coast to Coast FOX Business April 21, 2023 12:00pm-1:00pm EDT
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about an aarp medicare supplement plan. stuart: i thought this was a good question and i do not know the answer but i'm going to guess. where is the oldest bar in america? lauren? lauren: rhode island but i've been told i'm wrong. stuart: really? susan? >> i'm going to guess massachusetts. stuart: and i would go with massachusetts as well. >> i'm right. stuart: the answer is rhode island. it's the white horse tavern only in 1673 and it's still open today. you've got it right. times up for us but "coast to coast" it starts now. ♪ [star wars theme song]
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neil: we spared you know expense to get this special open to "coast to coast" today which is going much further than "coast to coast." try into deep space as of the battle of the revelations over who gets to conquer space, are now pretty clear. we do not think right now what some of the latest indications coming from these leaked reports that china comes in peace so we might get a beautiful view of earth from the international space station here but the reality is, with some of these latest leaks that not everyone comes in peace. we're getting reports that china is building cyber weapons to shutdown enemy satellites that its been working on the far side of the moon and the side that we can see of the moon, but no one knows what the country is up to. we also know that it might have militarizing plans that go way beyond the moon, and it might take early advantage of rocks and soil that there can retrieve
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water, and that they get that water before we do. now all of this might be some paranoia but we figured we would like to give you a good scare before a fun weekend and this is what we're exploring. now, ashley webster is following all of this right now and they are very serious concerns about this latest space race, particularly this latest race to get on on the moon and where they take it from here. ashley, what the hecks going on? ashley: well, look, there are 77 space agencies around the world. that's a lot but only 16 of them , neil, actually have launch capabilities and number one is nasa and of course the united states but also russia, china, europe, canada, japan, and india , but it's the space race between the u.s. and china that is really intensifying and scientists and researchers say the next two years could be essential to determine which country gets the advantage. both countries plan to land on the moon by the end of this decade if not sooner but it's the military that is sound ing the alarm. to your point, neil, some leaked
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documents on pentagon reported by the financial times says that the u.s. military very concerned that china is indeed building these high-tech cyber weapons that can seize control of enemy satellites and if it sounds all farfetched, experts say the threat is very real. listen. >> every war game that the space force and its predecessors have run, every one of them says we lose unless we have the ability to take out their assets as well. ashley: well, the moon is a target not only as a base to serve for mission to mars, but also because it has a lot of resources that could prove very valuable. we spoke to a former astronaut who says do not take those resources out of the equation and how important they are. take a listen. >> when you go into space to look for resource there's are no limitations. there are enough materials on
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the moon to run our economy for millenia with no limitations on rare earth elements or elements like copper and iron, aluminum, titanium, all those raw materials are out there. ashley: so the experts say, neil , make no mistake. china's space program is moving at a very fast pace. nasa administrator bill nelson says look, look at what china is doing building military bases in the south china sea. he said that kind of aggression on earth could indeed be repeated up in space. neil, back to you. neil: yeah, they don't share what they are doing. they aren't good at sharing. thank you, great job as always, ashley. ashley following these developments. i want to bring in john hann, the former national security advisor to vice president dick cheney. i'm so glad because i'm reading some of these quotes from the general the commander of the u.s. space force delineating some of his concerns about what china is doing saying "china continues to aggressively invest
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in technology meant to disrupt, degrade and destroy our space capabilities" so forget about what we're doing right now. they are well beyond that and doing a lot more in space to stop this in our tracks. if he's right what does that tell you? >> well, clearly, neil, the future of warfare, one of the most contested domains, is going to be space. space in essence is the new high ground. that country, that controls space, and the next battlefield, is effectively, i think, got the best chance of actually winning the war. if china is able to knockout our ability to see what the enemy is doing, our ability to exert command and control and communications between our own forces, you know, it's virtually game over for us on the battlefield here on earth. neil: so if they have the
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capability of knocking out or the satellite communications that we have, that can signal and help and coordinate troop movements, that kind of leaves us in the dark and that is the very technology, apparently, they already have and from what we're told, from some of these leaks, it's quite sophisticated, quite far along. >> yeah, no, what we heard about and most recently in the leaks was this very advanced cyber capability that they have to not only disrupt our satellites and what they're able to see but to actually have the same frequency and mimic our frequencies and actually communicate and take over our satellites but it's not just cyber, neil. we've known for a long time the chinese have ground-based anti-satellite missiles that they're working on. it's directed energy and lasers being used to blind our satellites, and it's satellites
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up in space that the chinese are working on that be able to actually attack our satellites in orbit around the earth. neil: now we do know and it isn't universal, no pun intended there, but we do know that china acts on its own space station. it's not an international space station. it's a china-only space station for the most part. we know as well what they are doing on the moon, they are doing alone. they aren't doing it in concert with any other country. we do know as well they are the only country working on the far side of the moon, and that's raised some issues because it's hard to track what they are doing there. we know as well that they have technology we didn't think they had. forget about some of the cyber technology, but this supersonic drone that can go three times the speed of sound, so we've always known they were rapidly building up their navy and conventional weaponry and the like but this puts it on a whole new level. what do we do in response? >> you're absolutely right, neil. i mean, china actually created
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something called the strategic support forces for the people's liberation army all the way back in 2015 which was to integrate their space and cyber and electronic warfare capabilities. thank god that president trump went ahead and actually created the space force and that new command for us. we've got to figure out first and foremost how are we going to protect our satellites against these new offensive capabilities from china. we've got to have more satellites, better protected, more resilient, cheaper, because these systems are very very expensive. we've got to have industry and government work on this dod work on this together. it's going to take a whole of sociology approach to figure out because the chinese as you say now, they aren't catching up to us in terms of technology. they are a genuine peer competitor and in some areas,
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particularly on the offensive side of the equation, they are exceeding us right now. neil: it is scary. john hannah, former national security advisor, for vice president dick cheney. by the way i will be exploring this issue in a lot more detail on this weekend tomorrow beginning at 10 a.m. eastern time the military and commercial implications of this , including those who get satellite tv either from dish or directv. what if they can find a way to disrupt that and all of a sudden let's say you have directv and you can't watch my show. whoa, that's tomorrow on fox news. in the meantime, we've got gary kaltbaum with us, luke lloyd with us, the financial implications of all of this. you know, it's obviously raising the stakes, gentlemen, when you hear this type of stuff. we want to respond in kind, maybe sort of give china a talking to. that doesn't seem to go anywhere , but china's got this to the point where they feel that we're not going to do anything, so gary, the obvious solution to that is we do
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something, and that would mean maybe intensifying sanctions or economic measures that punish china, and then china punishes us and back and forth. janet yellen already warning that that's a mistake. where are we going with this? >> where we're going so far, it's a stalemate and it's a big problem. we have 700 billion of trading with china at this point in time , and all i can tell you is, neil, it just feels like we're running in place right now and china's just moving forward in just a very big way. they are partnering with just like every country around the globe. the amount of terminals and ports that they are part owners and owners right now through the belt and road it just feels like they are gaining so much influence politically and financially while we're complaining. we really need to get , the negotiation, i know, we can sit here and complain all we want but they need us and we
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need them and if you think about this , apple, 20% of their business is china. 90% of their assembly is in china. then there's pharmaceuticals, there's minerals as far as we want to go, electric, that's where we get that from, so we've got to get on the same page with them. they have to get on the same page with us. it's a win-win if we do but right now, they have closed ears , closed mouths and we're just wining and complaining. neil: you know, what if, luke, they've already calculated that we might have response to limit trade or to limit, you know, how much we will allow to come in from china, but that they are confident that it won't do any damage. that they are already an economic powerhouse, this might hurt them. you would think in this environment and what's happened in russia being alienated in the world that would draw them back, but maybe they're calculated. no, we don't think the united states has the guts. we don't think the united states would like the idea of telling its citizens they are going to have to pay more for a lot of
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goods or not have those goods and that we don't have the stomach for that. what do you think? >> no, these moves are absolutely calculated. there's no doubt about that, but i don't think it's calculated to the point that they agree or they say that it's not going to have an impact on them because we rely on china like you mentioned and china relies on us we are dependent adversaries and when one party makes a move it impacts the other. we essentially are in economic, you know, cold war right now. that's where we're at. there are going to be short-term impacts from decoupling with china, and then decoupling with us. neil: but you haven't seen it in the markets right? you haven't seen it in the markets. the markets just much like the debt ceiling they figure well we'll solve this. we've had fights with china before. we don't need to worry about it. are they doing atria their own risk? >> i think there's so many other things the markets care about right now rather than just the geopolitical risk. i don't think it's taken into account either the geopolitical risk with taiwan either, so i
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think that at some point down the road it will calculate that risk and it will price it in but at some point, you know, with us being so reliant on china, it became a national security threat. that's what's the most important thing right now what you're alluding to with space and cyber the good thing is we have elon musk and we have capitalism here , to innovate for cyber, for national security, things like that, right? so that's the good news, but the short-term and long term impacts there's a lot of talk around onshoring, movement of supply chain and manufacturing closer to home. if this executive order passes from the administration, limiting the investments in china, that money will be invest ed somewhere else. you're already seeing data suggest that mexico warehousing market is getting red hot which is why we have exposure right now to mexico and our investment portfolio, but side effect is the inflation. neil: interesting. guys as i talking to you we're getting a bulletin here that lyft shares are up about 3.5%. this always blows my mind but it's traditional. wall street likes it when they hear job cuts and lyft is
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cutting 1,200 additional jobs. we've seen this play out all week. disney next week will delineate the 7,000 jobs that are going there. thousands of jobs at amazon and google and meta now on top of the 10,000 already announced another three to 4,000 that could be coming. gary, what do you make of this drip, drip, drip? it's no longer just dripping. >> some weird stuff going on wall street, neil, right now. amazon announces last night they are all going to be more job cuts. stocks up 3% and that's happening the last few months. i think the market believes finally all these companies are looking at the expense side because they went so far, especially technology during covid that they are just trying to get their act together. i think that's what's doing it and in the long run it's good news. i think finally they are in the boardroom thinking how many people do we have? what is the expense side? and you're seeing it across-the-board in technology, in media, and i think you're going to see it in other areas and that's where a little bit worried about the job market. it's loosening up a little bit. i don't think the end of the world is coming but i have a
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sneaking suspicion we may see fours in the next few months as far as the unemployment rate. neil: real quick, look, guys we have an upcoming fed meeting we're told it's the last one we'll likely see a rate increase for the rest of the year. i don't know whether either of you subscribe to that but very quickly, luke your predictions. >> yeah, i think we're going to get one more rate hike for sure 25 basis points. again, the last thing the federal reserve wants right now is to be completely wrong and have to pause and then re hike again down the road. they want to at least protect a little bit more, hike another one-time, inflation is stickier than people realize. we're talking about onshoring, inflation being sticky that way. we talk about wages and unemployment being pretty good. neil: one more hike and that's real quick, one more hike that's it for a while. >> one more hike and a pause but the question is how long is that pause? i think a lot of people are expecting a short pause. i think a long pause. neil: got it. gary? >> one and done and hopefully they take a vacation for a year because there's too much of them
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and we've got to talk more about the great companies in this country and not them. neil: all right, so hike in may and then go away. see what i did there i played off the market. >> you've got it. neil: basic cable, guys, you don't pay any extra for this type of wisdom. thank you very very much. by the way, another thing that was sort of dismissing the idea we could have a debt ceiling crisis. kevin mccarthy is coming up with a plan he thinks is brilliant that republicans seem to be on board with, even a couple of democrats. problem is the president is not. problem is democrats control the united states senate, so problem is this could be going nowhere fast, after this.
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neil: all right you never know that joe manchin is up for re-election next year, but maybe he's reading the political wins or reminding democrats that with those thin margin, remember dianne feinstein is not around, it's a pretty even senate, so he could tip it toward whatever plan the republicans come up to avoid this debt ceiling quagmire and come up with a solution to that. now, there's a lot of cutting in kevin mccarthy's plan here. it's still subject to a vote, and that vote of course could just come close to getting all republicans on board he can afford to lose only about four of them and then of course get that to the senate. guarantees are not in any of those , andy harris is the maryland republican congressman, sits on the house committee on appropriations. congressman? where does this stand? and kevin mccarthy's plan, what we know of it, and what you know of it, do you like it? >> i do. i think that it's the way forward. i think joe manchin by the way is reading the political tea
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leaves. a majority of americans, clear majority feel that as we raise this credit limit on our collective credit card, we have to control our spending. neil: so we hear there's a bit of a bush fire concern amongst some of your republican colleagues you were not originally for the speaker but as votes continued, you moved to his side, but i understand that the agreement was that if even a single member doesn't like what he's doing he could be out of there. do you know of other members who do not like what he's doing? who do not like the plan he's crafting? >> there are going to be a couple of members who i think vote against it. i don't think that means that they are going to move to remove the speaker. i think again, almost all of the republicans are very happy with this package. we think this negotiation needs to go forward. we think we need to control spending and we're not going to risk bumping up against the debt ceiling, and you know, undermining the full faith in
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credit. i don't think that has to happen the ball is in the president's court pretty soon. neil: he doesn't like the ball in his court right now. he doesn't like to apparently returning to spending at 22 levels, doesn't like re allocating hundreds of billion s of dollars of unspent money including covid money, doesn't like eliminating the student loan forgiveness plan entirely, doesn't like, you know, some of the other features that would call republicans to n ix every one of the tax increases they have considered. to him it's dead on arrival. what do you say? >> well i've got to tell you, he ought to read the polls because the american people agree that we need to control this spending. the bottom line is look, this president likes to spend. he spent trillions and trillions of dollars and presented a budget last month that never ever balances. neil: well he would not be the first president to do that, right? the last president before covid and the president before him, one after another, have never done that and then they spent
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like drunken sailors. >> actually, that's not true, because presidents do present budgets that don't balance in the current year but they balance 10 or 20 years out. this is the first time the president submitted a budget that never ever balances. neil: so do you have, with this plan that is being submitted, say that in 10 years it would balance out? because i don't even know what i'm having for breakfast tomorrow. i don't know about you, but i don't know how anyone can come up with something in 10 years. >> no, i think that at these spending cut levels you're looking at about a 15 year balance but again, we have to get back on the path to balance. it's probably not going to be a 10 year path but even a 15 year path is a path better than never ever balancing. neil: what is the drop dead figure that you're hearing, you're closer to this and more awareness than i'll ever be. we hear it's mid or late summer that everything comes up against the wall.
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if we don't do something we could default. what do you think? >> well, the treasury secretary said it's going to be the second week in june. the congressional budget office says it's closer to july or august, so we really don't know the treasury secretary knows what extraordinary measures she can take, but there is, time is of the essence. i think that's why it's important that we pass this bill next week, or we stay in session. the recess week after, until we can pass a bill to begin the negotiation with the president. neil: all right hopefully it won't come to that, to any of that. congressman harris great seeing you have a safe weekend. >> thank you. neil: all right, a lot of people ask what will constitute default and not begin interest payment to debtholders that the would do it, not paying those on social security. some extended to not paying, excuse me, our soldiers, but you don't want to get to that point, because that could end everything. we'll see. in the meantime taking a look at ron desantis and whether he went too far going after disney. let's just say the result has not been magical for him, so in
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at t. rowe price we believe your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price, invest with confidence. >> for kids to be able to be kids without having somebody's agenda shoved down their throats it is wrong to teach a second grader that they may have been born in the wrong body. it is wrong to teach students that the gender of their choice. >> [applause] >> we don't allow that in florida. the left didn't like it. a lot of the media didn't like it, and disney didn't like it, but you know? we govern the state of florida, not them. neil: all right, ron desantis on the campaign stump in maryland speaking before the heritage foundation but he's made it very clear that these issues, woke
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issues, he has been championing in florida will resonate even though at this point, they aren't resonating with them in the polls. he hasn't come out of the gate yet to say he's running for president but right now donald trump is lapping him in some of those polls in that race , so let's get the read from jimmy patronis, the florida cfo. how good is this issue resonating for the governor back home, including the renewed fight with disney? >> so, neil, one, thanks for having me. neil: thank you. >> i'll remind people that we have a thing in florida, and it happens around in politics called legislative intent, and disney started doing some virtue signaling, bob chapek's scalp is on the wall now and the legislature was brought to light over a 50 year operation that they didn't know that had an autonomy board to it so the legislature made the change. this was their legislative intent and disney decided to
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provoke the governor with this ninth hour action so again, disney started this most recent fight and i think bob iger should step up and try to bring it in for a landing. neil: well you know more about whether this will ever be resolved but i am wondering though, because even some of his potential challenges, if he were to join the presidential race, jimmy, and said however it looks to you, it looks to them like a conservative governor trying to tell a company what to do and forcing the issue. something that, you know, republicans generally criticize democrats and liberals for doing whatever the message there, do you think this risk boomeranging on governor desantis? >> well, i know that governor desantis, myself, the whole entire cabinet, we won this last election cycle by 20 points, it's the largest margin by the history ever in the state of florida. we turned palm beach county red and miami-dade county red so
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there's behind how this governor has lead and this mess got started because disney engaged and again i think there's a way to bring it's in for a landing and disney lobbyists are engaging but i think they should be engaging to make sure that this thing comes in for landing. remember this was a family operation. we had a relationship with these guys for 50 years. it wasn't until recently they provoked and again iger is there and chapek is gone. neil: the former ceo and bob iger and do you worry this has been coming up a lot i read a lot of the florida press that disney is still beloved company here and whatever the strategies here, the governors made it clear, you've made it very clear how much you find its endorsement of that "don't say gay" opposition to that. it still looks like the governor is trying to strong arm a company. how do you respond to that? >> again, i'll go back, you
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know, disney engaged the most recent round of antagonizing events taking place. disney, yeah, they did it in the sunshine, but you know what? again they went against legislative intent and the legislature is meeting right now, the governor is in power. neil: but i guess, jump it, if costs go up for people in the area and they have to pay for things that disney used to pick-up the tab for , i know the governor did win in a landslide re-election, could it hurt him in the very state that he wants to prove to the world he has run very well. >> well, and this is what i've been incredibly sensitive to. i've been around this process about 18 years. the one thing i did not want to see is any of the bonds and debt that disney had incurred over the last 50 years be saddled on the counties around them. there's structure of the changing governance basically ensure disney still pays those bills so that was very important. now, again, the governor is now looking at what options that new
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governing board has and yeah, he's flirted with some ideas out there to get disney's attention or try to undo some of these, you know, king charles-type agreements so i think the rattl ing needs to go away and the men need to sit down and iron this out. neil: we'll watch it closely. thank you for updating us. i was curious how this was going down with back and forth and disney saying this , jimmy patro nis, the florida cfo. in the meantime new indications that a lot of cars are vulnerable to getting stolen. the federal government is outlining exactly which cars those are. you might want to check back with us to find out whether you own one, after this. life is the highway, i want to ride it, all night long ♪
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neil: it's one thing when the government is recalling a vehicle. it's quite another when it's recalling lots of different vehicles. kelly o'grady on the latest on that from los angeles. kelly what's going on here? reporter: well, that's right, neil. so california's attorney general and 17 other states are urging the nhtsa to recall kia and hyundai vehicles. the reason being is those models from 2011-2022 can be hot wired and stolen in a matter of minutes because of an ignition switch illegally bypassed and a lack of what they call engine immobilizers so the defect went viral due to a tiktok challenge. users were urged to post videos stealing the cars and the resulting joyrides. the trend lead to numerous deaths with california's attorney general warning "the surging thefts of hyundai and kia vehicles burdened public safety agencies as police departments across the country investigate thefts and related crimes" and the proof is in the numbers, neil. here in los angeles, 2022 saw an
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85% increase in stolen cars, if you think that's bad though, minneapolis saw a staggering jump of over 800%. now, the vehicle makers are issuing software updates to address the ignition issue but this is taking months to rollout and the company admits the fix won't work on close to 15% of models. they are also offering a service kit to the tune of 170 bucks but drivers are frustrated being forced to take on that financial burden, even police forces are jumping into help now. we spoke to the pd and they are providing steering wheel locks free of charge but that doesn't solve the underlying problem hence the recall effort. i will point out, neil, a lot of states pushing for a recall like california, promote soft on crime policies so it begs the question, in those cities is it solely a car issue or is part of it the thieves banking on that liberal approach to crime. so we'll see how this plays out. neil: in the meantime i want to go back to luke lloyd. luke, speaking of cars, tesla now is raising prices on some of
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its price here model s and x vehicles, this after i think six different price cuts in a variety of less costly vehicles. had added to it with some of the earnings news that was out that disappointed. the stock collapsed about 10% and made up a little bit of ground but what do you make of the back and forth on ev pricing yup. i think tesla is trying to adapt to this financial divide we are seeing here in america. i mean, overall the past year, prices have been slashed for all their vehicles, but over the past week, like you mentioned, tesla reduced its cost for the mass market cars like the model 3 and increased the price for the premium vehicles like the model s and x, so i think elon musk and tesla knows that if the wealthy wants a tesla they can go buy the model s, whether or not the price is $100,000 or 10 $5,000, right? but at the same time, they are cutting the expense for their mass market cars to accommodate a weaker and struggling middle class. investors were promised 20% margins and 2 million cars
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delivered in 2023 up 50% from 2022. essentially the trade-off in 2023 is going to be dive or hit the margins or hit the car deliveries to give up profit margins or to give up volume. tesla along with many other car manufactures in general have to struggle with rates being higher and people pinching pennies. neil: the whole idea was for elon musk, i guess, to gain market share and make that a moot point but like you say. even with the price cuts, the gap between traditional gas-powered vehicles, and these ev's remains, you know, pretty much of a casm here. i don't know if that narrows any time soon significantly. what do you think? >> right. well, it might not stop it, but also at the same time you have to remember here in america, we are very materialistic. america is the free its country on earth that isn't truly free, so what's stopping people from keep on swiping those credit cards taking on more loans. i personally know a lot of people with big houses, luxury
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cars, handbags, luxurious clothes that make middle class income. having a lifestyle fueled by debt where spending essentially everything you make is anti- freedom. we live in a materialistic world fueled by social media. everyone is keeping up with the jones. i loved your interview with dave ramsey where you said we're keeping up with the jones but rarely do we realize we are the jones everybody else is keeping up with. that might actually help companies like tesla in the end. the question you need to ask yourself is whether or not this trend is going to continue or can continue. it's going to take a lot of time and a lot of changes for america in other countries to become less materialistic which is why we deal in luxurious stocks. neil: you know, we talked about some of those premium players but i was talking to someone i wanted to bounce it off you who is saying, you know, neil, i'm going to get in this last chance i have on the high cd and savings rate of 5%, because i don't think these rates are going much higher and this is easy money, someone would take advantage of that. i thought to myself it happens now and then.
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could this be disrupted to the market, to the stock market and more people do that? i know some money has found its way in the money-market funds and the like with all of the market turbulence but what do you think of that idea, the last chance to take advantage of these higher rates. what do you think? >> we saw one of the biggest inflows in history the money-market funds in march. biggest since the covid crash in march of 2020. what does that signal? people want that yield 4-5%. why would you go get a cd and lock up your money when you can buy an etf or treasury out there, paying you four or 5% as well and liquid at the same time, so i think it absolutely is a headwind to the market, especially as inflation, like i said i think inflation will stay sticky around this 5% or so level. if you can hedge against inflation by going to get 5% somewhere else risk free that's absolutely a headwind to the market. everyone cites this money-market fund, the cash on the sidelines is a positive for the market? i think it's going to stay there for sometime. neil: interesting.
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all right, great seeing you again, luke lloyd following all that strategic wealth partners investment strategist. let's go to taylor riggs what's coming up on "the big money show" right after this one. >> taylor: that big executive order from the biden administration about environmental justice we're all over that story which will be breaking just after our show. we also have charles payne and the small business owner talking about the economics, the inflation, all of those top business stories crossing our desk today. all that coming up at 1:00 but first more "coast to coast" coming up next. ♪ 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!
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connell? connell: hey there, neil. good to see you. i think it's interesting, because what we've seen in some of these small airports in recent years is a lot of the big airlines pulling out, which has hurt areas like this. delta, american, united so on and so forth so if you take a look at the map, you see it. the legacies have left well over 70 airports combined in the last few years, but now, what started to happen is the gap on that map has started to get filled in by start-ups like avelo airlines that's a low cost carrier in business for about two years run by an independent veteran andrew levy, who comes to a place like new haven and sees opportunity. >> there's just not a lot that's really close. hartford or bradley is about an hour north. doesn't have great service. most people before we came here would go to laguardia or jfk which is a bit of a haul. connell: so new haven is now
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supporting 17 avelo roots across 17 different states which is much more than the one route they had here when american was the only game in town. similar things happening elsewhere. for example, there was a recent expansion just announced in wilmington, delaware. then there's david neilman, i'm sure you recognize as the jetblue founder from years ago. well now he's launched breeze airways. did so about a month after avelo >> the way you really make money is where you do things others aren't doing. you know? kind of we started jetblue and nobody was flying out of jfk, and then breeze about 90% of our routes were up to 143 routes now 35 cities and 22 states. we don't have non-stop competition. connell: there's a real need for this kind of thing. he says more money is actually being spent on travel now than before the pandemic but that's because prices are up. not necessarily because more
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people are flying and he thinks he's betting on the reason for that might be because it's inconvenient for a lot of people depending where they live so breeze and avelo airlines are stepping in trying to fill the need and so far so good. neil? neil: interesting, connell great report connell mcshane in connecticut to trial expert, mark murphy on how you navigate through these changing skies. mark? we know there are going to be crowded planes. we know whether they are regional airports or some of the major ones it's going to be kind of the rule of thumb but i'm curious how you advise them on that, especially knowing full -well whatever they book, they might be waiting a while. >> yeah, i think it's interesting. you want to be three weeks out from your travel date ideally but not more than 60 or 70 days according to the latest research done by expedia they just published earlier this week, but with that said, you want to look at markets you may not have considered so for instance, my wife has family in southern connecticut. you automatically think i'm
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flying into laguardia take an uber for $107 and go visit family. so she flew on that airline to new haven, saved a ton of money and it's far more convenient and closer to her destination and that's what you look at because you have to get smarter about what you're doing in terms of travel and it's interesting, because you have prices that are way up and less people are traveling, we're kind of getting into that california mode where you've got the people at the top and then the people at the bottom and nobody in between, and that's a little scary i think for the travel industry because the travel industry relies on middle america and middle america needs that break when they do travel to kind of unwind and decompress so a couple good tips here. number one get a human app called a travel agent and if you don't download the human app, download flight aware. i had a friend visiting me last week with the craziness at fort lauderdale with the flooding and his flight was delayed five hours, but we knew that because we went to flightaware and saw his inbound plane that was going to be the plane that takes him up to philadelphia hadn't even
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taken off yet from buffalo, new york and wasn't scheduled for hours later, so we already knew despite the fact that the airline was telling him frontier in this case that it was only going to be a slight delay. i said bro, you aren't getting out for several hours so you might as well sit tight and hang here and that's what you have to do. you have to look at the tools and if you don't have an advisor get the tools so flightaware is one app. if booking yourself and you have the airline app a lot of times the airline app will have a link that says where is my plane coming from? that again will tell you whether your plane is coming in on time and most importantly, look at the total cost of your travel. if you have to overpay for the airline ticket look at destinations that have been hurting for travel and you can find a deal let's say on the hotel, so your overall cost is going to remain the same, you'll pay a lot more for your air travel this summer but the good news is, you'll probably get depending on where you choose to go a lower price on the hotel if you can find that and google flights is a good example. you can go in and just pick, you
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know, here is my original destination and basically say show me everything that's available for these dates around the world and you can zoom into different areas and find city pairs and say i never thought going to nashville but i get there for $69 and i'll go explore that destination. you just have to be opportunistic with your travel, as opposed to being dead set on this destination. neil: interesting, knowledge is power. like you say aware of something that could disrupt your flight even though they are officially telling you otherwise. mark murphy all good tips. travel well and safe yourself in fort lauderdale, florida digging out of all of that man, man oh, man but things are better. we'll have more after this.
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