Skip to main content

tv   The Evening Edit  FOX Business  May 4, 2023 5:00pm-6:01pm EDT

5:00 pm
find your cfp® professional at letsmakeaplan.org. larry: byron donalds completely right, just say no to a temporary debt ceiling hike, and save america, pass the mccarthy bill. and, by the by, please watch elizabeth macdonald, who comes up next. elizabeth: just say yes to larry kudlow. larry, you're coming on the show. we're excited. we've got a lot to talk to you about, larry. it's not so state of art down there the in d.c. see you in just a second. okay. we are going to talk to a veteran irs whistleblower in just about five minutes about the bribery allegations against president biden. you want to hear what he's going to have to say, what he's going to say about this. but first, we've got to get you updated on this bank crisis. seven banks now in trouble, hitting the skids. this is just in two months' time, and it's a big credibility
5:01 pm
crisis many d.c. they cannot talk their way out of it again, that everything is fine. grady trimble live on capitol hill with the latest. >> reporter: it's the fed, the white house, lawmakers on both sides of the aisle here on the hill, they all keep saying that the banking system is safe, and yet we keep seeing more banks fail or at least appear to be failing. today while lawmakers on the senate banking committee held a hearing on the recent bank failures, other additional banks looked like they could be on the cusp of collapse as well. shares of regional banks tumbled today after pac west became the latest bank to the it's exploring a sale. at the same time, first horizon and td bank called off their planned merger, adding to the fear that smaller banks might be running out of lifelines. they cited a long regulatory processes and uncertainty with that. a third bank, phoenix-based western alliance, forcefully denied a report that it was the
5:02 pm
looking for a buyer. still, its shares fell nearly 40% today alone. all of this comes as americans are already wary of their banks. a new gallup survey conducted before the latest failure earlier this week found nearly half of americans are worried about where they're keeping their money. >> is that warranted? >> i think that banks mostly in this country are safe. i'm concerned that this congress and the former president weakened bank safety rules. >> so you're not worried about your money in a bank right now. >> no, i'm not. i'm not. we keep passing up laws. the federal reserve can't issue enough regulations to stop stupidity and greed and hubris. >> reporter: and those two sound bites you heard there illustrate where democrats and republicans differ on these banking failures. while progressives want more and stricter regulations on banks,
5:03 pm
conservatives say regulators need to enforce the rules that are already on the books. liz? elizabeth: grady trimble, thank you so much. let's bring in former moody's chief economist john lonski, former cbo director douglas holtz-eakin. gentlemen, hang for joining us. all of this happy talk out of d.c. is panicking people more. jon -- john, regional banks are in a negative feedback loop. we've got a growing credit crunch underway. what other shoes do you see dropping? >> you know, you're going to see a reduction in the supply of credit to businesses, perhaps to consumers. you'll see a continuation of a very is wide spreads between mortgage loans and the underlying treasury securities. all of this points toward slower economic activity and eventually some of these borrowers are going to run into more problems repaying outstanding loans. right now the big worry is commercial real estate loans as they relate to offices and retail space.
5:04 pm
i wouldn't be surprised if a year from now we become very concerned about a real estate loans that finance the construction of multifamily housing. elizabeth: all right, so what john just said. you know, douglas, we see striking denialism out of the white house, out of democrats in congress, out of the fed. it sounds like they're not up to speed on what's going on. i know that they're watching it. we mow that they're watching the data. but jamie dimon cannot rescue everyone. the problem is -- [laughter] it now takes a split second to move your money out of a low yielding 1% bank account to the a higher yielding 5% money market fund. we said that two months ago. the fed keeps raising interest rates. that's rocking the banks. >> well, certainly i think the fed is stuck in a bad place because inflation is still stubbornly high, year-over-year inflation on food, energy and shelter is still 6.4%. americans are very unhappy about that. and so the fed's got to respect
5:05 pm
the data and get inflation under control. that's their first mission. they thought they could do that and keep the bank stability issue under control. doesn't look like it. so hay need to do something they didn't do with silicon valley and some of the other banks and that's get the supervision out there right now, sharp pencils, identify the danger points and start arranging some marriages so that we don't have the american public panicking over the entire banking system when the problem really is focused on those regional banks. elizabeth: but, douglas, that makes the banks even bigger, and that's what democrats are complaining about. we've seen numbers coming in, $650 billion in unrealized losses on just securities alone. penn-wharton, nyu says it's more than double that. now they want to backstop all the deposits, get rid of the insurance limit for uninsured accounts, at the same time they want to subsidize riskier borrowers, mortgage loans paid for by good credit borrowers, johnsome this is insanity. >> yeah, you're right.
5:06 pm
i guess one of the big problems is, where does all this stop? we've reached a position that if the federal reserve or the government fails to bail out depositors in the event of wide spread bank failures we'll have have a huge political problem on our hands. that would be for the democratic party making it next to the impossible for the democrats to win the 2024 the presidential race, i would think. so as far as the safety of money in the bank is concerned, i would still look at it as being money in the bank, that it's still relatively safe, that it would be political suicide for any party in power to allow deposits not to be fully repaid especially after the bailout of wealthy depositors at silicon valley bank. >> right. elizabeth: yeah. final world, douglas holtz-eakin, how does this hit the 2024 race?
5:07 pm
>> this hits the 2024 the race by raising the probability of a recession. it was already way too high, and so now you've got a president who's going to run on his record handling the economy who's got stubbornly high inflation and a recession staring him in the face -- elizabeth: and now a bank crisis. all right. gentlemen, great insights. that was terrific. thanks for joining us tonight, we appreciate you. now let's welcome to the show former irs whistleblower william hank. william, you're a big deal. you worked in the chief counsel office in d.c. you saw a lot. we've got more doj, fbi and irs whistleblowers alleging crimes and corruption in the biden family, political interference in these probes, fbi whistle blowers talking about biden taking bribes. how hard is it to be a whistleblower? >> oh, it's very difficult. first of all, i've actually been in richmond the last 23 years of my career, but i can tell you
5:08 pm
that people are very reluctant to be whistleblowers because the irs at least beats the hell out of whistleblowers. they realuate with the -- retaliate with the question process my of -- ferocity of a junkyard dog. they hurt my family very badly and, in fact, that's why i'm on tonight, is i want to speak for the victims of irs retaliation and abuse. and, you know, my panelingly as well as other -- my family as well as other victims. and, you know, the whistleblowers that are coming forward, i have a lot of respect for them because it takes courage. because not only is it risky, also it's usually futile. people have not cared. maybe they'll care now because it involves the president. but in general, and i saw some serious abuse, in general people just do not care. so basically you're asking people, you're asking can whistleblowers to go on a
5:09 pm
kamikaze mission that's not going to work. elizabeth: so you went up the food chain. you did the right thing. you saw corruption inside the irs or prior to what's happening now, and then you got retaliated against. and, you know, it's unfair because you tried to do the right thing. you worked for the irs for 30 years. now we've got two doj whistleblowers talking about fbi documents alleging then-vice president biden engaged in bribery with a foreign national to change u.s. policies. you know, he's talking about doj interference in the hunter biden tax case and other matters too. would he have sat in on doj meetings about the hunter biden criminal probe? >> yes, he would have, because the c.i. division works with the department of justice tax division. but the thing about the hunter biden whistleblower, and i support him, but it seems like there's got to be something more going on there because he's
5:10 pm
being represented by two prominent d.c. attorneys with ties to the democratic party. and i'm wondering, why are these attorneys interested, and why -- and also, i mean, who's paying them? because, i mean, from my experience people will not give internal whistleblowers the time of day. and i'm very happy he's getting attention, but i just wonder if there's more to it than, you know, meets the eye. elizabeth: it's interesting that you say the lawyers for this irs whistleblower are connected to the democrat party because that signals that there's serious outrage, either serious outrage inside the upper ranks of the fbi, doj and irs, or, you know, we hate to say it, do they want biden as a candidate can, right? i mean, the thing is that the fbi does not produce this document that's now under subpoena by house oversight chair, wouldn't that worsingen allegations of political interference that's already been leveled at doj by government whistleblowers? >> well, yes, absolutely.
5:11 pm
but the thing is, you know, they can ignore subpoenas. i mean, i've seen the irs, i've heard credible people tell me that the irs did not disclose all the documents in the lois lerner situation with respect to congressional and court subpoenas. and the whistleblower or attempted whistleblower who told me that was torn apart. i mean, she was abused. and if i can just say here, danny werfel, the irs commissioner, stated that this irs whistleblowers are not retaliated against. that is complete and utter crap. i cannot handle a shovel that big. i'm here to speak for my family and for other victims of irs retaliation and abuse. and if danny werfel knows what's going on in his agency, ten he's a god damn liar, because whistleblowers are retaliated against all the time in the -- elizabeth: william, does it concern you that the irs worker union, that they're basically,
5:12 pm
they give a lot of money to the democrat party, like 95% of the money goes to democrats? is that the problem? if. >> i mean, i don't know. the union did not help me at all. so i can't really address that. about the union. elizabeth: william, final word, where do you think this all goes? this is disturbing, what's going on. when you see the number of whistleblowers now speaking out. final word. >> the final word is i hope the whistleblowers are successful. but the track record is not good. i mean, i don't want to overstate things. it's not like the irs is the gestapo, but they crack down on whistleblowers and, you know, i sincerely hope these are successful, but i would not bet a lot of money on it. elizabeth: got it. william hank, we hope to have you back on again soon. thanks for speaking out. this story coming up, very smart people now say they are very worried about the dangers of artificial intelligence. it's no longer a science fiction
5:13 pm
movie. what you need to know now about what the white house is trying to do on this. and our kids are failing in schools, but a colorado teachers union says. capitalism is the problem. what is wrong with them? if the education department, look at this, shows more and more of our children do not know u.s. history. and former house speaker nancy pelosi, climate czar john kerry, they're using private jets more than realized. the same politicians who criticize everybody else about climate change. and voters speak out against the white house's push to electrify if the u.s. economy, go all electric. oklahoma now joins the new u.s. state push to ban social justice investing. congressman bill huizenga, monica de la cruz, congressman warren davidson, larry kudlow, or alex nester all coming up tonight on "the evening edit." ♪
5:14 pm
progressive makes it easy to save with a quick commercial auto quote online. so you can get back to your monster to-do list. really? get a quote at progressivecommercial.com. ♪ (electronic music) ♪ the profound power of light. ♪ ♪ (engine revs) ♪ the energy of light... everywhere. ♪ it just has a lot of control over me. ♪ i dream what i wish existed... and then i install my dream. the new 2023 lincoln corsair
5:15 pm
with available lincoln bluecruise. with a majority of my patience with sensitivity, i see irritated gums and weak enamel. sensodyne sensitivity gum & enamel relieves sensitivity, helps restore gum health, and rehardens enamel. i'm a big advocate of recommending things that i know work. (vo) businesses nationwide are switching to verizon business internet. (woman) it's a perfect fit for my small business. (vo) verizon has business internet solutions nationwide. (man) for our not-so-small business too. (vo) get internet that keeps your business ready for anything. from verizon.
5:16 pm
as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network, with no line activation fees or term contracts... saving you up to 75% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities™.
5:17 pm
elizabeth: okay, this is really interesting stuff. we've got voters coast to coast, heir now speaking out. they're worried they can't afford the white house forcing them to go all electric, buy everything to electric, push to electrify the entire u.s. economy. listen to these voters who spoke with madison alworth and her producers. madison. >> reporter: liz, there's no
5:18 pm
doubt that energy will be on the ballot. we're seeing sweeping changes on on the state and federal level to supercharge our transition to renewables. i apple in new york which just became the first state in the nation to the ban gas stoves in all new buildings. and the push to electricity is coming at a time when the cost of energy has gone up over 20% in just the last two years. it's often an issue drawn along political lines, but we wanted to the hear from everyday americans on if they support this green push or if they want the government to stay out of their homes. >> green with energy, it's going to be a lot of problems. people can't afford this. >> i guess that's just how the world needs to move. i guess we just need to move along with it. >> one of the things is the grid, not being able to the charge cars >> reporter: the epa just announced some of the strictest car emission standards ever which will phase out most internal combustion engines by 2032. but how popular is that? polling shows us 43% might consider evs, but 41% would
5:19 pm
absolutely not go the electric route. and in these states, you might not have a choice. all of these states banning new gas vehicles by 2035. but voters will have a choice come the next election. liz? elizabeth: thank you, madison alworth. look who's here, our favorite, larry kudlow. larry, it's good to see you. >> nice to see you, liz. elizabeth: so this feels like mr. joe -- toad's wild ride. [laughter] i mean, where does this go? they don't even have charging stations up, and gm and ford, they're booking losses. i think ford's electric vehicle sales are down 2025%. >> it's more biden insanity, i think it's fine to have electric vehicles. i think people should have a choice, however. you don't end the internal combustion engine, did someone vote on that like in the house or the senate? no. and they're just jamming it down our throats. it's just like here in new york, no more gas stoves.
5:20 pm
by the way, my saintly wife and i have an electric stove in our part, it doesn't work, and we much prefer to cook on a gas stove. people are taking away our toilets, our shower heads, our electric stoves -- elizabeth: lightbulbs. >> right. i can go cross-eyed on that. but the electric vehicle thing is very important. and incidentally, the uaw just came out and old the biden that they're not supporting him because they're going to lose a third of their jobs because of mandate for electric vehicles. and i don't with see how -- you know, the energy department came out with an summit that said in the next 10 or 12 years, no. actually going out to something like 20 to the 40 or 2050, only 20% of the population will have electric cars. that's from the energy county. so i don't know where the bidens think they're going to abolish the internal combustion engine and we're all going to buy electric vehicles. i don't know where they think they're going to get that.
5:21 pm
elizabeth: the uaw, that's a big voting bloc for the -- >> you bet. voting bloc, you know, poll workers, financing campaigns. no, no, they're furious at this. undoubtedly, they're going to want all kinds of benefits and money in retirement funds and so forth. biden's just trying to jam this down our throat, take away our freedom of choice. and it is not based on the science. because, look, the small amount of carbon you might save, might save in the next 10, 20, 30 years will be offset by china's coal plants. elizabeth: exactly. to make green energy materials like solar panels. so when these -- what's concerning is that they set aside the development that the oil and gas industry is doing. william la jeunesse has a story, the world's largest carbon capture pipeline spanning five states has put carbon emissions
5:22 pm
underground. let's champion that. let's go whole hog on that. but now you've got -- the states are so in an uproar. oklahoma's now saying, listen, you ten the financial firms who boycotted u.s. energy, you're not handling oklahomas investments or pension funds, you see more states doing that. >> i think the oklahoma state government is exactly right. oil's a huge -- oil and gas is a huge part of the oklahoma economy. they're not going to do any pension business with these banks, lending business with these banks. these banks have no business putting strictures the way they have for esg or dei or any of these left-wing, socialist ideas that are coming down the pike. i mean, americans are very unhappy with this, okay? it contributes to the polls that show how pessimistic are about the future, that we're going in the wrong direction. elizabeth: yeah. >> this is unnecessary. the common sense position, lizzie, has always been all of the above. i mean, again, i got nothing
5:23 pm
against electric vehicles. tesla makes a good electric car can, fine. it happens to be more expensive than the average gas-powered car, but if people wan to -- want to buy them, fine. don't stop people from buying the car of their choice if it happens to be gasoline-powered. this is like some soviet 5-year plan -- elizabeth: it's insane, exactly. >> stop jamming it down our throat. elizabeth: and how about emitting that natural gas does lower emissions? >> oh, i know. natural gas should be classified as a clean-burning fuel. what heir doing in new york, governor hochul and so forth, is insanity. absolutely insanity. just this one sate -- what difference is it going to make if new yorkers can't use a gas stove? what is that going to do for the climate? but it is going to screw up their personal lives, and it is the heavy hand of government coming down. elizabeth: right. >> we're not a dictatorship, this is a free country. elizabeth: and the way they're doing it is not so cinematically
5:24 pm
picture perfect. >> remind the bidens that freedom is essential to the american idea. someone has to remind them. elizabeth: yes, remind them. listen to larry, or i'm going to keep reminding you. next time you come on, i'm going to the cook on my gas stove a cake -- [laughter] bake you a little cake in my gas oven, larry kudlow. catch larry weekdays at 4 p.m. eastern time right here on the fox business network. okay, this story: our kids are failing. we've got a colorado teachers' union claiming capitalism is the problem? guess who's paying your paycheck? and guess who's paying for your iphones that you're tweeting out and talking about all the time? also the white house and the teachers union, they're silent about all of this and the education department just put out a new report more and more of our children do not know u.s. history. now we've got georgia moving against interference in elections, the same interference
5:25 pm
facebook's mark zuckerberg is i accused of. and we've got congressman bill high zynga coming up. very smart people worried about the dangers of artificial intelligence. it's no longer a science fiction movie. you want to know what the white house is doing about it? you won't believe it. it's coming up on "the eveningco edit." ♪mpbrot ♪ and i'm about to steal this game from you just like i stole kelly carter in high school. you got no game dude, that's a foul! and now you're ready to settle the score. game over. . overag. . yeah, like me. thanks, bro. take a lap, rookie. real mature. starting a new chapter can be the most thrilling thing in the world. there's an abundance of reasons to get started.
5:26 pm
how far we take an idea is a question of willpower. because progress... is a matter of character. >> woman: why did we choose safelite? >> vo: for us, driving around is the only way we can get our baby to sleep, so when our windshield cracked, we needed it fixed right. we went to safelite.com. there's no one else we'd trust. their experts replaced our windshield, and recalibrated our car's advanced safety system. they focus on our safety... so we can focus on this little guy.
5:27 pm
>> singers: ♪ safelite repair, safelite replace. ♪ what will you do? will you make something better? create something new? our dell technologies advisors can provide you with the tools and expertise you need to bring out the innovator in you.
5:28 pm
♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appointment
5:29 pm
and a certified hearing care professional evaluated my hearing loss and helped me find the right device calibrated to my unique hearing needs. now i enjoy every moment. the quiet ones and the loud ones. make a sound decision. call 1-800 miracle now, and book your free hearing evaluation. liz: we'll get you up to speed on the scary rise of artificial intelligence. everybody is talking about it. now the white house called a all hands on deck meeting today with big tech to talk about guardrails. here is the thing, which government agency do you trust to do that? kelly o'grady has the story in los angeles. >> reporter: great to see you, liz. that's right, vp kamala harris met with four ceos from leading a.i. companies that included google and microsoft. the meeting main focus was on the safe, ethical use of a.i. our own edward lawrence caught up with open a.i. ceo salt
5:30 pm
altman moments before we stepped into the meeting. >> i think we can manage this. this is great time to be doing this to try to get ahead of it. it going to be a challenge, but i'm sure one we can handle. >> reporter: white house braun announced 140 million in in funding to launch seven ainstitutes. as companies race out race each other they called it a pr move. daily warnings are racking up about the dangers of a.i. even google's deep mind ceo predicting wee a few years a way from human cognitive level act. one coming to fruition, researchers at use tin reading your mind, translates brain waves into tech. that has potentials for those who can't speak but obvious dangers as well. that is the backdrop for the
5:31 pm
ming. we hear everyone is on the same page what needs to happen for a.i. going forward, but does washington even have the experience to regulate this type of tech? liz. liz: kelly o'grady. great reporting. we have congressman bill huizenga from house opinions al services -- financial services. we were talking at the break. they're tryinggood-faith effort they're getting out of the batters box when a.i. is rounding third base. who in the government can regulate this. >> that is ultimately the question. would think we have that answer. the problem with government it tends to be reactive. we only react when there is a crisis, whether banking housing, war or anything else. this is something we have to get on the front edge, we have to be on the front of the wave of this. liz: what worries you most about it? >> what worries me most because we can do something doesn't mean
5:32 pm
we should do something? liz: building a.i.? >> yes. with that technology. in fact earlier today i was with a technologist who works out here on new york in wall street and he said look, along the lines of basic assumption in the past was if there was a technological advancement it was good. that meant we were doing something more efficiently, faster, et cetera. that isn't the case necessarily with a.i. and we can't view it that way. we have to view it through a different lens. and so i hope that government isn't going to just rely on the tech people, and it cannot rely purely on academics, you have to get policy people in right from the very beginning to be at least a part of that. liz: you know there is upside, maybe good for the economy for some companies to have a.i. but in terms of their processes but very bad people, very clever people can take control of it and weaponize it. that is an issue. you don't want it near the nuke codes, a.i. if it is getting consciousness.
5:33 pm
that is crazy to think about that. >> it is. liz: but the answer sending in vice president, omb to fix a problem with $140 million on seven new research institutes to study it? what are these institutes going to do? figure out how federal agencies to use a.i. to tax us more to pay for those institutes? >> that is good question. when you're a keynesian spending machine all you know how to do is spend more money. liz: right. >> that seems all they want to do but the simple fact we have to think of this very differently. as i said to you in the break, i was with a technology company not that long ago, i ask humbly suggest something, sure, please we need the input. could you add an ethicist or theologian to your staff to start thinking about what this is existentially? your reporter was talking about brain-like quality thinking out of a machine. that's very, very different than anything that we've seen before. liz: yes, yes, because machines
5:34 pm
don't have souls. >> yeah. liz: the thing is, we're talking about this, right? china, russia, we don't know what they're doing. google deep mine ceo. he is talking about the same thing you and members of congress are talking about. listen to him, watch this. >> the way we kind of define it in the industry, is human level cognitive capabilities. i don't see any reason why that progress may slow down. it may be accelerate. we could be a few years, maybe within a decade away. liz: this sound the like a hair on fire moment. he says computers could have consciousness all around. >> it is stunning isn't it? it is really stunning. as you mention, they don't have a soul, right? when you think of soul, morality a conscience that is something that separates us from a machine. this is a little skynetish, it's hill sci-fi feeling sometimes but it's real. it is here today. we better be on the front end of
5:35 pm
this and get serious about it. liz: got to get the right people on it. congressman, thank you for being with us in the studio. >> thanks, liz. liz: follow larry kudlow. good to see you guys hanging out. >> it was great. liz: we'll have you guys back on. democrats are slamming the white house for not doing enough on the border crisis. look at new york city mayor eric dad amps. we what he is saying about it. parents nor education. what is focus on colorado? the teachers union there claim capitalism is the problem. guess who is paying paychecks over there in colorado, teachers? the education department now says a new report, more and more of our children don't know u.s. history. we're taking it on next on "the evening edit". ♪. after advil.
5:36 pm
back to work. what about your neck? it's good to go. before advil. advil dual action fights pain two ways. advil targets pain at the source, acetaminophen blocks pain signals. advil dual action. shingles. some describe it as an intense burning sensation or an unbearable itch. this painful, blistering rash can disrupt your life for weeks. it could make your workday feel impossible. the virus that causes shingles is likely already inside of you. if you're 50 years or older, ask your doctor or pharmacist about shingles. ♪ i have type 2 diabetes, ♪ ♪ but i manage it well. ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance, ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seee ♪
5:37 pm
♪ i'm lowering my a1c. ♪ jardiance works 24/7 in your body to flush out some sugar! and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. jardiance may cause serious side effects including ketoacidosis that may be fatal, dehydration, that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this infection, ketoacidosis, or an allergic reaction, and don't take it if you're on dialysis. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell, ♪ ♪ the little pill with a big story to tell. ♪ (lighthearted music) - "best thing i've ever done." that's what freddie told me. - a person like me needed to get a reverse mortgage to change my life. it was the best thing i've ever done. - really? - yes, without doubt! - [tom selleck] joanne said just about the same thing.
5:38 pm
- it absolutely is the best thing i ever did. - jack put it a different way. to him, it was about having his grandkids over. - you want to have the kids over, you want to have the grandkids over. - yeah. - you want to have the family over. you want to say, "this is my place." - great people, different people. that's for sure. and all of them had different reasons for getting a reverse mortgage. but you know what? they all felt the same about two things. they all loved their home, and they all wanted to stay in that home. - [announcer] if you are 62 or older and own your home, find out how you could access your home's equity to give you cash now. and when you need it in the future. a reverse mortgage could put more money in your pocket by eliminating your monthly mortgage payments. it could also pay off higher interest credit cards, medical costs, and give you some extra cash to help your retirement lifestyle. - i don't have any anxiety about money anymore. - it allowed me to live in my home and not have to make payments. - a whole lot of families have gotten tax free cash
5:39 pm
from a reverse mortgage loan for a better retirement. - i don't have to worry about a mortgage payment every month. - it's a good thing. - [announcer] call right now to receive your free, no obligation info kit. the kit will show you how you may get the cash you need using your home's equity as a reverse mortgage from aag. - call the number on your screen. - look, why don't you call aag and find out what a reverse mortgage can mean for you? - [announcer] call aag, the country's number one reverse mortgage lender. - call the number on your screen. ♪. liz: okay, the white house, teachers union, nea, declining to comment on the colorado teachers union passing a new resolution, they claim quote,
5:40 pm
capitalism inherently exploits children and public schools. our children are failing in schools, that is their focus? comes the same day the education department put out a new report, more and more students do not know u.s. history this is disaster. teachers unions are to blame. facebook is accused of failing to protect childrens privacy. gerri willis with the story here in new york city. >> reporter: liz, that's right, a war heating up between meta, regulators, as the sec says the company violates its 2020 privacy order. it wants to prohibit facebook from monetizing data from young users. commission saying that facebook repeatedly violated privacy promises. for that reason the commission is proposing changes that would prohibit facebook parent meta, profiting from data they get from users under 18 and outs product and virtual reality. calling the move a political
5:41 pm
stunt a facebook spokesperson telling fox business this, despite continual engagement with fes, they provided no basis for this unpress tented theory. we will fight the action and expect to fail. one commissioner said the regulator has overstepped bounds. >> everyone is questioning lena khan's authority as leader of the federal trade commission. everyone is he requesting her judgment and this seems more like an attempt to terrorize a business into capitulation, than actually protect consumers. >> reporter: this is the third time the ftc has taken action against facebook. the regulators facebook 2020 privacy order included a five billion dollar penalty. liz? liz: thank you, gerri willis. we got to get to this news. georgia governor kemp just signed a bill, gerri, to stop companies interfering in
5:42 pm
elections, making it a felony for county governments to receive money towards election costs from private organizations. that includes non-profits like mark zuckerberg. remember mark zuckerberg's non-profit was accused interfering in recent elections, pouring $400 million into that effort there. want to give you the news just on that. we have to get to this story. talk to parents defending education investigative fellow alex nestor. alex, the colorado teachers unions is outraging everybody. they passed a resolution, claiming quote, capitalism inherently exploits children? what are they talking about? our kids are failing and that's their focus? >> look. right, this teachers union nearly represents nearly 40,000 teachers across the state. think how many teaches think that, believe, that teaching that to our kids. capitalism brought health, wealth, prosperity for people the world over. communism, socialism only led to
5:43 pm
death for hundreds of millions of people. let's get those facts clear. it is really scary to think that this is what kids are learning in, you know the classroom. this is the ideology that their teachers have. liz: it is really incompetent. it is really active, active idiocy. capitalism brought a billion people out of poverty. that is the facts. that is what we see out of studies around the world. people look to the u.s. to come here because of our freedom and our economy. the fact that the teachers union are doing this when there are good men and women fought and died for what this u.s. system is about it just flat-out wrong. everybody should be fired. they should be fired. it comes the same day, alex, that the education department just put out a new report, u.s. student no less about u.s. history than ever before. alex, one out of seven of u.s. 8th grade students meet proficiency standards for u.s. history in civics?
5:44 pm
>> 13% of eighth graders according to the new data. the first story speaks to this too. we don't know our history. it is very scary. we already have one sitting u.s. congressman who can't name the three branches of government. think what the world might be like in the future, none of future politicians, businessmen or leaders or know simple facts about the history and way government works. liz: you know what? i would sit down with everybody in congress ask them to stipulate the constitutional amendments what is in the bill of rights. if they can't answer them, voters should see it. if they can't, voters should vote them out of office. that is ridiculous. alex, thanks for joining us. our "hot take" is coming up. congresswoman dela cruz is fired up. democrats slamming the white house for not doing enough on the border crisis. that is coming up on "the evening edit." check in with our buddies dagen and sean.
5:45 pm
they have a good hour coming up on "the bottom line. sean: thank you, emac. anthony napolitano. douglas murray, homeless man on new york subway who was killed by a marine with his chokehold. liz: dagen mcdowell leftists using that debt for political gain. can you believe it? can't believe it. all coming up 15 minutes from now.
5:46 pm
5:47 pm
5:48 pm
5:49 pm
♪. liz: we're deheighted to welcome to the show, texas congressman monica de la cruz. congresswoman, good to see you. you introduced a bill called the mayorkas must fly coach until we secure the border act but today dhs secretary mayorkas flew to your district in texas on a private jet. this is, this is ahead of the expiration of title 42. what do you make of that? [no audio] liz: we're having some technical difficulties. we're going to try to work this out for you. let's play the sound of new york city mayor eric adams. he is saying white house quote is not doing enough on the
5:50 pm
border crisis. we want to get to this sound, we have obama's dhs secretary jay johnson, he says so many people are crossing the border, it isn't feasible to keep track of everybody. watch. >> when you have people coming across our southern border in these numbers, even with the additional resources we have now it's simply not feasible to keep track of them all. liz: congresswoman back with us. congresswoman, you just heard that sound. what is your reaction to everything we're now talking about? >> well, i can tell you this, the biden administration and mayorkas have continued to fail the american people. they have failed the 85,000 immigrant children that are lost in our nation where they have no idea where they are. they have failed, border patrol agents over and over again not getting them the technology that they need, and actually taking away important infrastructure to help them at their job. most of you will, they have failed the american people by
5:51 pm
having the chaos at our borders and, not only that, but allowing more than 100 terrorists into our nation. liz: congresswoman, trump moved to secure the border. it was working under trump. former president trump did the best he could with the, with what he had to deal with with congress in trying to secure the border. now the president is sending 1500 troops to the border. it is like a day hate a dollar short. they're expected to arrive on may 10th, one da title 4expires. this is hitting your district and other district notice texas hard. the border communities are getting slammed. the national border patrol union warns a big storm is about to hit. congresswoman? we're still having technical difficulties. we're going to try to work it out. we're just going to take you to break. we want to thank the
5:52 pm
congresswoman. we'll have her back on soon. we're so sorry for that. we have an interesting "hot take" coming up. stick right there. ♪. ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ (vo) businesses nationwide are switching to verizon business internet. (woman) it's a perfect fit for my small business. (vo) verizon has business internet solutions nationwide.
5:53 pm
(man) for our not-so-small business too. (vo) get internet that keeps your business ready for anything. from verizon. if your child has diabetes, you'll love how easy dexcom g7 is. it's on. and, he's off. you can see his glucose numbers right on your phone, so you can always be there for him with dexcom g7. ♪ ♪
5:54 pm
5:55 pm
liz: breaking news coming in. welcome to the show congressman warren davidson from house financial services. the breaking news, st. louis circuit attorney kim gardner just resigned. she faced a push to get her to be ousted from office before dropping cases, thousands of cases for not prosecuting crime.
5:56 pm
what is your reaction to this news? >> i think it is welcome progress. you look at attorney general eric greatens, now senator eric greitens, people expect law and order. this woke, weaponizeed sore russ funded government and woke d.a.s are not prosecuting cases. we passed a bill, if you give us federal dollars, give us a report to prosecute crimes. people knew she wasn't doing that. her office had massive turn over. she resigned to avoid the state legislature in missouri from stripping the tokers of of powers of the office because she wasn't doing her job. liz: minority communities, are getting hurt by weak-on-crime policies. does george soros understand this? >> there are people that don't get implication of these
5:57 pm
policies, the majority of people, i see implications those policies so they're really good on other issues, i will go along with them. the real scary thing, people for the policies because of implications, we're seeing soft on crime judges here in hamilton county, cincinnati, i have the west side of cincinnati, we're seeing when you get a weak judge that won't enforce the law, it really causes problems for the communities. people are fleeing urban areas because of this. liz: how is it social justice, how us it helping civil rights when a minority family has a member murdered because a repeat felon was let out by a george soros-backed prosecutor? >> yeah the real question why would they be for this kind of discord? when are we going to change course in these urban areas in particular, or with these elected d.a.s? i think the good thing it gives the governor an opportunity to appoint somebody who will
5:58 pm
actually enforce the law. liz: here is the other story, we're calling it, "evening edit" calling it retail deserts. retail deserts are fleeing. 20 in nancy pelosi's district in san francisco. big names like whole foods, gap, marshals, h&m, nordstrom, sachs. they're leaving. stories like nancy pelosi is ramping up her use of private jets flying around on private airplanes. her campaign spent tens of thousands of dollars on that. climate czar john kerry also, he is realizing, finding out he is using right planes way more than people realize, flying around the world. look at, look where he is flying to. he has been doing it since he was secretary of state. he flies 27 times a year under the obama white house. that is more than once a month. so when you see these kinds of stories coming on, are they paying attention to what voters, the voters out there have to
5:59 pm
deal with every day in their daily lives? >> well definitely not. my problem isn't that they're flying on private planes. it is that they champion one thing and do another thing. i would rather them change their policies. they're pushing all the green new deal policies. they will fly in on a private jet, talk about the green new deal, and the importance of bicycles and battery-powered cars while they pull away in a motorcade, get on a private jet surrounded by security with armed guards while they're trying to take weapons away from everybody else. i want their policies to change more than i want their actions to change. what hypocrisy. liz: who do they think they are, many critics are asking that. why are they so above it, we have to live be punished by their policies when we don't have to live under them? >> rules for thee, not for me. covid highlighted that. the green new deal highlighting that in other ways. you will see people, remember
6:00 pm
one of my colleagues, alexandria ocasio-cortez, talking about you know kale talking about eating cheeseburgers. news nash, americans want rael meat. they don't want processed meat. they want that. liz: congressman davidson you brought the beef. thanks for watching us. that is it for "the evening edit." time for "the bottom line". my buddies dagen and sean. that was jam-packed hour. kim gardner, st. louis district attorney resigned. bilge news. sean: thank you, emac. liz: good to see you. ♪. dagen: good evening i'm dagen mcdowell. sean: sean duffy. welcome to the "the bottom line. dagen: we're getting right on it. sean: dhs secretary mayorkas went down to the texas today as the administration address scrambles to address the migra

70 Views

info Stream Only

Uploaded by TV Archive on