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tv   Cavuto Coast to Coast  FOX Business  May 5, 2023 12:00pm-1:00pm EDT

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lauren? lauren: it's number one, 25 years old. stuart: ashley? ashley: it's 25. lauren is right. stuart: it is absolutely, guaranteed it's 25. >> are we right? >> [applause] >> are you kidding me? lauren: i thought it was 25. stuart: let me explain. ashley: when she found out. stuart: she was 27, but 25 when her father king george passed away. lauren: trick question. stuart: june 2 i think it was or june 3. lauren: june 2, 1953. stuart: thanks, everybody. it was a great week. we enjoyed it all. last look at buckingham palace before the big event tomorrow. watch it on fox. "coast to coast" starts, wait for it. now! ♪
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from the other side, i must have called a thousand times ♪ neil: how did that song get , no adele, i'm the one who should be sorry, so sorry not to answer all your calls between the jobs report today, this whole big bank mess, the country's debt ceiling drama, just rolling in the deep on all this stuff but rumor has it, there was something else going on this very important day and had nothing to do with that slightly less famous britt celebrating a coronation tomorrow but a certain other much more consequential britt and global treasure celebrating a birthday today. that's right. today. did you think that i forgot adel e, my little siren of all things beautiful that right now, you are 35 years old. i know these things by heart. that's just the way i roll. you're now officially old enough to run for president of the united states, pity you're not from the united states, so you can't. >> [bell ringing]
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neil: hold on. could this be you calling? that's right, folks. we are monitoring the phones here at fox business, ready to go live to perhaps the world's most famous angelic voice. she calls and she's on and i'm not putting you on. actually, i am a lot but stay tuned because you never know, she could be minutes away and i know what some of you are thinking. surely, neil, there are more important things going on in the world today that adele's birthday. three words, not even close and allow me to address those of you buying this adele fixation of mine a bit creepy. some of you like to point out i'm old enough to be her father and your point is, now i know for a fact, for a fact that my wife is fine with this. i also know for a fact she's not watching any of this , so i think i'm in the clear so let's put that to rest and just celebrate the british treasure this day and save the pomp and ceremony for the other british big league for another day, not today, because here is what we
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need to know today. this adele rally is on that's right. stocks soaring, jobs soaring, now, some of you insist this has nothing to do with adele as if, two more words. prove it! now let's get to it welcome everybody i'm neil cavuto and a royal welcome to all of you. i did the british thing here. you might be noticing i'm wearing black and a lot of you saying wait a minute isn't that adele's favorite color? yes it is, you're all over me. obviously, my colleague, connell mcshane, did not get the wearing black memo, but he is here to report this jobs surge that started really if you think about it, connell, in the well in the las vegas area, right? where she is really a sell out phenomenon and booked shows for months, dare i say years to come. connell: so you're saying that the economy added more jobs than expected mostly because? neil: exclusively because of
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adele. connell: but you saw them in the control room. they said well, it's a huge day in the markets, and you know, apple came out with this earnings report. what a big day to be hosting it. neil: you know you can get adele songs on apple devices. connell: what a big day they said to host this financial news program, but our neil cavuto, and they are all a little bit afraid of you, he wants to lead the show with adele. neil: no, no, that's not true, okay? it's the whole show. but go ahead. connell: it got so bad they didn't want to tell you this , there was discussions internally they were going to try to convince you to instead do a segment on how much you and your wife paid for your first mortgage rather than talk about this adele story, but then they decided to let you go ahead with it. neil: my wife loves that story a little smitten then. connell: they have to book real guests and they reach out to her for the first time since 2021 she responded team cavuto with the request.
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i don't even know what the request was but this says hi , kevin. it's not possible. that was the entire response. neil: what? connell: from benny. i told you. neil: they have to have the cover of an e-mail, but, hi, kevin. but that's her person. connell: kevin should be booking ceo's of major corporations. neil: well he's booking adele. connell: in a matter of time. the jobs report was pretty good as you said, neil. neil: tell us all about how strong it was. connell: you want to make a goldilocks argument we can today in addition to adele, stronger than expected jobs report, better-than-expected report out of apple. maybe 253,000 jobs being added, far more than expected has something to do with the market rallying as it is, just up 1%, and labor force participation up 62.6%, not to dive into all these numbers but i would say that, you know, if you're the federal reserve, now they're
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looking at this and saying that maybe we don't have to go crazy now because the report was so strong, but because the revisions were not. you had all of these jobs 149,000 fewer jobs added than previously reported, the previous two months so now everything is okay, and we could all go back to talking about adele. neil: what a bubble burster. you need immediately are going this is the sector of growth and the economy oblivious to the phenomenon that made all this possible. connell: i'm glad you identified as creepy, at least it was your word. neil: you guys are a little closer. connell: i don't want on your back side. neil: i had one viewer say forget father, more like grandfather. do you think that's possible? connell: we can't explain it anyone. it's just something he's into. he's a good guy otherwise. neil: but you know susan li came here and had no idea we were doing this adele thing and now she's really getting -- >> i'm a little concerned. just a tad. neil: obvious question is you know she's the world's greatest
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singer so your thoughts? >> i've been covering apple and the earnings all morning long. neil: oh, my god. but the facts -- >> apple music we know did very well record quarter for them but how much they are paying out to a new 35-year-old superstar artist who gets a penny a stream just one penny. neil: you do the math. >> you do the math on that. neil: i told you to do the math on that. it's substantial. connell: not number one by the way. >> she was up there, i think top 10 is always great and we be happy with that, but i think she helped contribute to the apple earnings that we started this year. connell: perhaps neil's next obsession be taylor swift. neil: you know, one of our producers, kevin fitzgerald love s taylor swift, not such a big fan are you, kevin, of adele he immediately points out, he throws in all of the , you know, records and everything else and they both achieved but throws in grammy nominations.
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>> wow. neil: to say that adele, now, and this fortunately focuses on wins where adele has all of the advantages but he actually throws in there later buried in all of the other meaningless stats that adele had 25 grammy nominations so a percentage of wins is much higher than you could see , taylor swift 46 nominations and she was only able to wiggle out 12 wins from that so kevin, i don't know what your point is there. golden globe nominations, adele. >> [laughter] look at that. neil: they are really into this. they are all looking for a place to hide, but by the way guys. can i see in the control room? i don't see any birthday balloon s or surprise cake or smiles. connell: any smiles? neil: there is that. there is that problem. i'm just wondering, guys, when we look at this , and we talk about phenomenon and all that stuff. who do you prefer? adele or taylor swift? >> well, i actually wanted to
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talk about artificial intelligence. neil: that be taylor because right now adele is -- it's an either/or . >> i know you're talking to steve wozniak yesterday. neil: yes i was another big adele fan. >> completely understand. and i was talking to tim cook at apple who i assume of course has to be an adele fan as well, and we were talking about ai and what apple was doing so i was thinking, maybe in the future, can you imagine an ai-generated adele song per se? or music? neil: well it could save us the trouble of having to gather in here because it's very tough to get her in here if we had like a hologram orem age of her. >> well here is what he said about ai and i'm thinking about how to extrapolate this and maybe generate an artificial intelligence robotic version of adele in the future, because tim says that he is deeply and thoughtfully looking into ai and they use it in all of their products today but there is a potentially exciting time for ai and you can bet we're focused on
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it. neil: but they are afraid of this whole technology right? i mean, even adele. she's looking at hands off. i have no idea if that's the case. >> [laughter] connell: doesn't care. >> well yesterday, ai is exciting same thing that tim said, if it is treated correctly , right? there has to be par armers" around it so there is an ai version of performing apple in the future. you can't just assume it could be a deep fake in the future. neil: or a given. connell: [laughter] >> i thought that was a great segway. neil: you have a statement from the pr person. that's breaking news there. do you want to share that? connell: the one that kevin was -- neil: it's quite verbose. put a call out to adele's people connell: he should be booking tim kukin citied he's calling adele and it came back in no uncertain term, hi, kevin, it's not possible and that's it from a person named benny. neil: so you read into that "no"
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connell: yes. neil: okay. connell: you know what's funny about this segment? don't say nothing susan, but how -- >> that was my plan. connell: she keeps trying to go back. neil: i'm pulling her back. connell: she won't let you. she's like i'm having this conversation about artificial intelligence. neil: she got a perfect score. connell: it's for reference. there's no saving this is the point. >> [laughter] i don't have the comedic talent that you do. neil: very good seeing both of you, and from the other side. connell: whoa! neil: rolling in the deep something here, but by the way a lot of you have been e-mailing on this , and why wouldn't you? some of these i think are disguised from adele herself. i just know how she works but anyway, john writes, tell her she still looks 18. i would agree with that.
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she looks even much younger than 35 year. >> it's not that old. neil: no. thank you for confirming that. dr. jay writes only in your dreams, neil. really? really? okay. no, and it's still, i like this one. neil, the best i can do is adele >> very good. neil: really, everyone is so sni ppy, and finally, maybe neil will have to cross the pond and do a show over there, or in italy, make her adele. i knew who you were referring to , i guest on the topic of smart investing as a performing artist and as susan and connell pointed out she's quite the successful investor. >> yes, $220 million net worth. so that's worth slightly more than you. neil: yeah, well, in between connell and, you know? connell: it does look like her team is giving that serious consideration, so coming on. neil: you're mocking me aren't you? in the meantime we've got that
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vernacular english bows statement that sounds like a yeah, very likely, neil, to me, despite what connell said. >> [bell ringing] neil: whoa we're in the control room with the latest. that could also be kevin's pizza delivery. stay with us, i into some of you were already saying neil, back to the news. well, this is the news! >> [laughter] neil: kind of. we'll have more after this. ♪
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that comes with dieting. which made the golo plan really easy to stick to. since starting golo and release, i have dropped seven pant sizes and i've kept it off. golo is real, our customers are real, and our success stories are real. why not give it a try? neil: welcome back to "coast to coast." i'm grady trimble. i think neil stepped away for a second. he's still trying to call adele to wish her a happy birthday. in the meantime, we're on capitol hill following the banking crisis, and you'll remember yesterday, regional bank stocks were rolling in the deep. that was quite a route we saw yesterday, but for investors, that seems like a million years ago because today what we're se. pac west shares have just about recovered yesterday's losses, even though the bank still hasn't announced a buyer. first horizon up, but not by nearly as much after its merger
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with td bank fell apart. a lot of the other regional banks still drastically down on the week, even though we're see ing some improvements today. lawmakers in congress have been debating what to do, if anything at all, after three bank collapses in just two months. democrats calling for tyler restrictions. republican senator john kennedy on the other hand told me that won't fix the "stupidity" of bank management. he's also going after the fed for lax oversight, and michael barr who led the investigation into the bank failures. >> no offense but i think mr. barr is basically just trying to cover his adea shabani and the ass of the federal reserve because there are plenty of reports that were given to the federal reserve that the banks were in trouble and the reserve officials just set there like a bump on a log. reporter: we're also following a bloomberg report about how the fdic will replenish that insurance fund it used to bail
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out depositors of silicon valley bank to the tune of $20 billion. rumor has it the big banks will foot the bill. small banks will be exempt. we are still waiting to get word from the fdic whether that rumor is true and neil, i hope i fit in enough adele references in that report for you. neil: i do the adele references around here. no, that was very good. very high marks. we're going to have you back but every appearance has to have some adele euphemisms in there, but great job, grady trimble on capitol hill. rumor has it he will be back. all right enough you say, right? no, we've got lynn martin joining us now the nyse group president, i'll say the agony of talking about adele, she's on to professional things like running the new york stock exchange and looking at all of these ipo's that are suddenly now maybe back they have had a bit of a freezing out period. ms. martin, good to see you. what do you think of what's
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happening with ipo's right now? it seems like we're saying hello , again to them. what do you think? >> [laughter] i love the adele reference. thanks so much for having me on today. you know, we're really optimistic about the ipo market. we've been talking about how strong our pipeline is, how many companies we've been working with who have selected nyse as their home and their partner raised capital when they do go public and yesterday, i think you know, was a really good point in the come back of the ipo market. kenview, a great company, up sized their ipo successfully completed an ipo, raised $3.8 million, billion dollars in capital yesterday, and that really is, i think, a turning point. neil: that was remarkable because yesterday was an otherwise dicey kind of a market that debuted in a kind of market. those are usually bullish signs right there. for johnson & johnson and
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getting its consumer health spin-off like this is probably a welcome development, but you still hear from companies that don't know if the timing is right right now. what do you tell them? >> you know, we tell them that they need to be public company- ready. we're spending so much time as good partners to those companies, getting them ready. getting them ready for the moment that the market does open up and some sectors, you are starting to see it open up. you look at the energy sector, for example. there have been some ipo's they have been smaller in nature, certainly not the size of ken view yesterday but they have been successful as well and it does feel like the market is in a position to welcome ipo's to the market. kenvu ex opened up about 20% off of its ipo price, and that, importantly, that stock has held today. it's flat-to-slightly up as i'm talking to you today, so i think that's a phenomenal sign of the
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prospects for the second half of this year. neil: you know what i think? a lot of it has to do with the ones behind it getting realistic in the initial pricing i remember when you have these over priced ipo's coming out of the gateway, you know, over- imagined by those who backed them thinking the higher opening price would be supported now it seems and i know we're getting fewer and far between with the offerings that could be changing to your point they are being realistically, priced and that makes a huge difference. >> and they are public company ready. there's some aspects, there are aspects that a cfo and ceo need to think about. they need to think about their path to profitability if they aren't there already. they need to think about clearly articulating their strategy for growth, so i think the companies that you will see come to market particularly in the short-term future are going to be those companies that is a great story to tell.
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they are public market ready, and they're ready to tell their story to the market. they do see the value importantly of the public markets. i like to say the currency of the public markets has never been stronger. the companies we're working with are incredibly excited and they are doing a ton of homework before they come to market. neil: yeah, you have to be ready you have to have the , you know, all of the key foundations to go public and not just assume it's going to be like a jackpot day and not go beyond that day. you're quite right. well keep us posted on this lynn martin, the nyse group president following those developments also a good sense of humor with the adele references. speaking of which, a lot of you have been saying neil, what is with this fixation with adele? well first of all it's not sudden. this has been going on for years take a look. >> they are still arguing in washington about whatever, the budget and everything else but we thought that we would focus on the really big news here that is gripping the world,
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and that is this woman. >> [laughter] neil: adele. do you find it a tad bit curious that on monday, when the dow was up 143 points, it was the first day of trading after the singe read had swept the grammies. >> don't bother me with these details. adele the world's greatest singer of all-time. by the way she's back to being on my screen saver. i didn't get the part. your dedicated fidelity advisor can help you open those doors. but i did get waiter number 2. because they know you. they can help you create a comprehensive plan for your full financial picture and personalized money management with the right balance of risk and reward. doors were meant to be opened.
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yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones neil: all right there's a big to -do when adele, whose birthday is today, you might have heard that once or twice on this show, 35 years young i might point out, she passed up an opportunity to perform at king charles coronation tomorrow i don't know why that is. i know she has a lot of company among the british pop stars and others. neil shawn is with us, a royal reporter in london. neil, what's going on? so many big british names that
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are not going to be performing for the king tomorrow. what's going on? >> good afternoon, neil, from london, and yes, well, is it true or is it true? listen what we know to bring this to you actually, neil i'm a little bit concerned in fact because adele didn't pass up the opportunity. she didn't pass up the opportunity. actually, i have very good authority that while they do like adele as a performer she was considered to be too unreliable given the sort of problem that happened in las vegas, and you know, what you have to remember -- neil: that problem is behind her it was a scheduling issue. the construction of the expansion and so on. wow, can this woman ever live that down? go on. >> [laughter] well it's actually, no, i have to be honest. i know that over the rest of the world, las vegas was the big issue, but actually, over here as well. she's quite known for having a few problems making shows so and as a person whose actually met her and interviewed her i could
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tell you it's a rather difficult thing because obviously, when you think about that, you have to think in royal terms who can we rely on and people have said what about ed sheerin, suddenly he was very busy and then the king charles but a court of law battling out problems of which we now know he's won, thankfully but the other thing is what people really wanted and i think they've kind of got this with your very own u.s. superstar lionel richie is they kind of wanted somebody they knew and felt comfortable with and could bring a party atmosphere but even adele would say this , you know, it's hardly a laughing minute with those songs. you do need "dancing on the ceiling", and"the real hello." neil: [laughter] there you might be making a good point, but what about the spice girls, harry styles, robbie williams? no, no, no, no, no regrets. i don't get it.
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i don't get it. >> you know, i think because on a more wider note, i think because we have the jubilee and that has had big names we had the very brilliant diana ross if you remember. neil: indeed. >> who was excellent and you see , the thing is, king charles and both the late queen were big fans of mo-town, not a lot of people know that, so diana ross was a perfect fit. i think what we would have liked to have seen in this concert mix over here which also has other big names by the way. we do have take that minus robbie williams and we do have of course katy perry, your very own, could be rather controversial there, but you know, the bigger picture really is to see some real british rock and rollers like sir tommy steel , and big names like that, because that really is the audience that would have made the party go. neil: but i guess what i'm trying to, you know, goose you along with is whether there's any angst with the royal family
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or what, you know, this isn't the queen. this is her son, they love the queen. they aren't so sure about the son. there's all the drama around, you know, the family and whether they are all in this together. is that playing any part of this and that these entertainers feel they can't win if they say yes or no? >> not really, because actually , if you look at say the queen and king charles, or prince charles as he was then. he was far more into the arts, if you remember that picture of the spice girls grabbing his bum in manchester, and stuff like that so he was far more game. he wouldn't dare do that to the queen. neil: well we don't know that for sure, but you know whatever happens at buckingham stays at buckingham. >> [laughter] absolutely, but you know, the bigger picture i think really is that yes, a lot of people are on tour, as they say i think they would have liked some, but again, look. lionel richie was at the party yesterday and he could not believe he was picked for such a historic event. let's not forget also her
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majesty the queen did pick superstar actor tom cruise as the host for the platinum jubilee apparently because she thought he was rather good looking. obviously you must have been busy, neil. neil: you know, you're an encyclopedia but also have a great sense of humor and also spell your name correctly. there are some impostures out there who do it neal. you do it the way it should be neil, but, neil, enjoy the coronation, my friend. you are a valuable resource and i appreciate that. >> thank you. neil: the royal reporter of course he will be all over this coronation in london as things formally kickoff bright and early our time is what 5 a.m. or something like that. in the meantime the president of the united states is talking about the jobs numbers out, of course he was addressing that as an expected number. the prior months were revised down bottom line the dow market is still on fire and so are stocks but he did say on the debt ceiling and budget they are totally unrelated so he doesn't like this idea of attaching spending cuts to raising the debt ceiling that seems to be pretty apparent.
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he also blamed maga republicans who want the white house to agree on draconian cuts who he says will not be a partner to and that this could have, does not get in the way of budget discussions, but not under the threat of default. so he's hopeful going forward. so is the corner of wall and broad, as the adele rally continues. ♪ i'll find someone like you, i wish nothing but the best for you ♪
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fight the expected surge next week when title 42 expires. senators hope to extend the program for two years, even though the pandemic waned. john cornyn is a co-sponsor. >> then a flood of humanity is going to turn into a tsunami. you're already beginning to see that, but the administration is so out of touch. this just demonstrates how clueless they really are about what's causing this problem and what needs to be done to fix it. reporter: the administration is sending thousands of troops to the border to help. immigration numbers are expected to spike, but gop members are skeptical of the administration's plans. >> listen, it's too little too late and it's a crisis entirely of their own making. 345,000 kids have been smuggled across the border without their parents. what has happened to those kids? they are working in slaughterhouses. it is the worst series of violations of our labor law since the 1920s. reporter: the bill would give
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the administration interim authority, not linked to public health. democrats believe the only solution is a bipartisan piece of legislation. they want border security, immigration reform, and an outline to handle those illegally in the u.s.. >> i want to remind everyone though, this is not solely a problem for the administration. it is a problem for congress. our immigration laws need to be updated in many many ways, and right now, we just can't get the republicans to the table to do that. reporter: the house debates a border security package next week. that will coincide with the end of title 42 but there's no plan to consider any border bill in the senate. plus, it would need 60 votes. neil? neil: thank you for that, chad. want to go right now to florida republican congressman corey mills, and you know, congressman , i think this is the kind of pressure you're facing when you are trying to deal with illegal immigrants and these issues.
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the way the newspaper headlines read, the florida gop passing sweeping legislation in that regard, calling it anti- immigration. it's really about anti-illegal immigration, but maybe you could tell us what it's about. >> well, yeah. look, i want to say first off that i can appreciate what senator tillis and also senator sinema is trying to do with this but i would say that while title 42 which is a public health emergency utility station was targeted originally for covid i would argue we should maintain title 42 based on the fentanyl overdoses which is causing a massive public health issue when it comes to the tens of thousands of americans who are dying per-year , so i don't think that the biden administration's current reasoning for trying to get rid of title 42 is necessarily justified, yet the pandemic is over, but the public health structure that is actually poisoning americans is still very much alive. you know, i look at yes, we do need immigration reform.
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yes, we do need to have a better process which i would say governor desantis has done a great job with the florida legislation passing e- verification. you know, this in itself would give back almost $12 million to desantis' immigration or migrant relocation program but also, insure there's no further incentivizing for migrants waiting at our borders to come across seeking some type of job placement. this would prevent any local government from any type of id utilized fraudulently but this is a real crisis, neil. we're talking about with title 42 going away up to 18,000 people a day, which is well- exceeding 100% capacity operationally of our cbp already , so we really need to get control on this. the drug cartels are maxing out in 2018 they had $500 million -- neil: it doesn't look like the president is going to budge or you have enough votes on this other issue to get 42
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extended. i wonder what happens if that doesn't happen is all i'm saying >> well remember though. he's also the same person who said at the d.c. crime bill comes across his desk he's going to veto this as well so we have seen where joe biden made a lot of empty promises. that's something that's very normal for him as he sits in his basement. the reality is this. he's actually the mvp every month for the drug cartels where he's driven it from being $500 million in 2018 to 2021 where it was a $13 billion enterprise of which nearly 50% is -- neil: so you think he'll blink on this and that now like that where you mention that as an example where he did a 1,780 he will do a 180 on this? >> i think so, especially when you lack at whose actually already signing up on the senator side when you get tom tillis, kyrsten sinema, joe manchin, john cornyn. i think they are looking at this as being a bipartisan effort to try and ensure that we stomp down what's happening with the national crisis, the security crisis at our borders and again, this isn't just people who are looking to try and cross over seeking
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political refuge or asylum. these are people who are literally on targeted terrorist watch lists like we've seen with the four military who have come across. this is a real national security and health crisis and i think that when biden tried to go ahead and push against this , it's really going to bid him in the 2024 elections. neil: which is why, you know, things were hunky dory, he wouldn't be sending 1,500 troops but congressman, good seeing you have a wonderful weekend. >> thank you so much, neil, have a great weekend. neil: all right let's go to brian brenberg, with "the big money show" right after this. brian? brian: neil, happy adele day to you. we're so happy for you that you could celebrate it. apple ceo tim cook is all-in on ai. he says technology could really help humanity, plus hats off to the kentucky derby we'll talk to the premier hat designer for the event, i'll be wearing one. more "coast to coast" right after this.
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neil: well, you know, this is a very big weekend, you've got adele's birthday today 35 years young, you've got the coronation
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of the king charles in britain tomorrow, and of course, then the kentucky derby this weekend as well. a lot of betting on all. i don't know if they are saying to bet on king charles tomorrow but i do know there's a lot of betting around the kentucky derby, in fact a record 179 million was bet on last year 's kentucky derby. few of those bets, a fractional amount, proving right and picking the winner. phil boil is the off track betting ceo. phil good to see you. there's great betting interest in this event in particular, ha? >> absolutely. it's the biggest betting race of the year. as you said, $179 million on last years race and i think it's going to be even more this year. neil: really? what makes you say that? >> well i think the big difference, neil, is mobile sports betting. the last 33 months we've had 33 states join mobile sports betting so people who may not have thought to bet on races
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before are now being brought in by companies like fan dual and other mobile sports entities to say hey while you're betting on the football game, also bet on the horseracing and this kentucky derby knows nothing bigger than that one. neil: can you bet on just who you think will win? there are other things around the race you can place a bet? >> oh, yeah. well, there's the standard win, but also a lot of ex "ices. think about last year, we had an 80:1 shot, and if you were bet on the first, the super trifecta, the first four, you would have won on a $1 bet $320,000, so, there's lots of ways of doing it and a lot of money. neil: you know, i knew you were coming, phil, so i was curious what you make of, you know, there's casino and gambling activity, and now it seems increasingly almost every state, every location, but does that ever dilute betting? in other words, does it make
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people say all right, i can shop around, there are a lot of other venues that i can spread my wealth around and it might be to a detriment to an off track betting or other players. >> yeah, it does seem counterintuitive however it's not the case. they find betting begets betting i'm the presidency and we own a casino on long island, it's the only casino on long island but it doesn't bite into our horseracing, our otb started as horseracing but only added to it. obviously horseracing over the course of decades has gone downhill but betting started to go back up again. neil: now does this apply then for the belmont, other races or is this unique as far as horseracing to the kentucky derby? that's singularly iconic. >> yeah, and the kentucky derby is something of its own. even my family, we're not horse betters but we went out on kentucky derby day and bet but if you have a triple crown threat if some horse wins tomorrow, and then the belmont
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stakes is huge here and that betting goes through the roof. neil: well keep us posted phil best of luck to you this weekend , phil boyle, the off track betting ceo. in the meantime here maybe i could explain why we haven't heard from adele? yet. >> [bell ringing] neil: we'll take you to our control room there, of course the phone ringing, sometimes you pick it up and it's just people call the control room and say adele is not going to call me. we got a lot of that, but as you can see , the intention is in there and trying to worm her way into this adele day, look who? really? really? neil: adele, it's your birthday.
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neil: we are getting a lot of e-mails and texts. others are wondering why i am so abscessed with a woman who could be my daughter. my wife is fine with that even though she isn't, she's not watching right now. one writes please stop talking about adele, this is fox business, not mtv. let me write that down. all right.
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i wish you had told me that at the start of the show. my executive producers didn't have time. danny writes every time you take time off art worry about your health. of that phone rings you might keel over right there. don't tempt fate. that's a tough one because adele could call at the same time i pizza delivery comes. hold on, you guys tease me, there's a control room. we will get that call and a second so gary kaltbaum, might have to interrupt this conversation was always good to see you. the adele rally continues. what do you make of it? >> the dow dropped 1300 points, you've got a bounce off of the good jobs number. wall street was really expecting a bad jobs number. what they saw with the jolt number, there is nothing better than a good jobs number to keep the economy in shape.
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adam: i called and adele rally, you issued that reference altogether until i reminded the world that it was adele's birthday we had a minor rally that turned into a futures run up. a connection? >> absolutely. she is the greatest voice on earth, numbered one. number 2, i will be front and center in mid-august to see her. i will not be able to feed my dog for a month because taxes are so expensive but i will go with that. it is adele. i will leave it at that. neil: i want to get your sense, this is friday, bank stocks must be up. they were down thursday. they were up the day before. i can't keep up with this. what do you see happening to the banks?
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>> i still think this -- probably some more to go but it's good to see at least for a day. pack west is up 80% after dropping 90%. the big issue is banks are only banks because of the deposits. if we see more runs there's going to be more banks going goodbye and jpmorgan types end up winning the cause but i keep fingers crossed because i've got news for you, these are good companies caught in the maelstrom of what is happening in the industry starting with silicon bank. unfortunately stock prices will dictate all as stock prices fall, that is where problems lie and they crashed again in the last few days. neil:'s picking up innocent victims. a lot of people in a regional bank have no problems there but are afraid their bank could get
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swept up so they go to the big money center banks so chase benefits, bank of america benefits but not the smaller guys, do you see that continuing? >> i do. the word riskless comes front and center. these are riskless investments people don't want to deal with on a daily basis. to read the headlines, that is why you are speaking to a friend of yours that tells you that and it will be more, unfortunately. neil: good to talk to you in orlando. to the best, thank you for pushing this shameless pitch for adele on her 35th birthday. i know the folks are devoting the next 60 minutes to it because they are music lovers and adele lovers. brian: we don't have to devote the next 60 minutes because jackie was just on the phone with adele and wanted toa

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