how do you cashback? chase. make more of what's yours. ♪. ashley: all right. here we go. earlier asked the question which u.s. president was a licensed bartender. what do you say, lauren? lauren: i don't know, calvin coolidge? do you know this, ashley? ashley: that is a good one. i don't. james madison sore sam sad dams. turns out he was not a president. joan adams. you know what the answer is? abraham lincoln was a bartender before becoming president in 1861. part owner of a general store barry and lincoln which also had a liquor license. now you know. we're out of time. "coast to coast". ♪.

neil: some days it seems we're hanging on by a wing and a prayer quite literally when we're flying. next hour we'll be learning how the administration hopes to make the process less scary are. that does not mean there won't be night cancellations and delays. this time flyers might look forward to some relief. not so when it comes to the pricier airline tickets though. pricier and getting more so. pricier hotel reservation and pricier new cars and pricier used cars and pricier groceries. no wonder what one fed player saying keep prices coming. ceo of kellogg, says and democratic congressman henry

kuelllar on the border problem coming thursday. what the buckingham palace. i practiced that a. king's coronation is reportedly a ratings dud. he reportedly migho high. let's get to it. practiced that again and again. the big story, how the administration proposing in the next hour or so to make it easier when you're waiting at a gate, waiting, and waiting you may be compensated for the privilege, the honor, yet the hassle. uber traveler mark murphy on what they are hoping to do. good to see you, my friend. what are they hope nothing do? >> you too. they're hoping to bring sanity to all the cancellations. taking a page what the eu did 18 years ago. they put into place in rules that says if you're a carrier you delay people more than three hours getting to the final destination you get to get

compensated as a traveler. have a headache, getting delayed or your flight is getting canceled they will compensate you. there is formula, has to do with the length of the trip, number of hours you're delayed, et cetera. it can add up tou paid. because sometimes it is multiple of the ticket you paid. that is what they're trying to do. the challenge we have this will not be a quick fix. they can say whatever they want. i don't have a confidence ability to execute, particularly this administration, government in general, this particular administration. there is lot of talk about a lot of things. the southwest debacle you remember, how long ago was that, neil? year-and-a-half ago i think? neil: that's right. >> we're finally getting on it, brother. so don't hold your breath. if you expect something to happen quickly i highly doubt that will happen. it will take months and probably years. and never underestimate somebody's ability to screw things up.

i think obama my said that at some point. so we'll see what happens. i will be an optimist -- neil: how they push this. in other words whatever peoples politics on this the fact of the matter airlines can find a variety of ways to wiggle out of. force de jure, mother nature, storms they have no control, the list could go on here, right? >> that's correct. regulations require shorter crew travel times led to more short ams. vaccine mandates led to more shortages. al these things add up. now we have to fix it so regulate it. the problem with the airline industry, four carriers in the u.s. control almost all air travel. if one's down, you don't really have a lot of options because of the hub system and concentration of carriers. what would really help this mess is giving people choices and opening up gates and being able to further increase competition but in the meantime you're absolutely spot on, neil.

the issue you are going to have was it weather-related? was it the air task control related down in the jacksonville atk. so there is a lot of possibilities and again, what you saw when they instituted the flight delay penalties on a per passenger basis approaching $30,000, after the debacle with jetblue valentine's day many years ago that meant that the airlines were incentivized to proactly can sell in anticipation after bad event because they would get saddled 10 of millions of dollars of fines. it had reverse effect. no carrier wants to leave people on the ground in a snowstorm but that was one of the challenges that led to. then the regulations led to in fact more cancellation proactively. neil: we'll know in an hour where they go all of this. >> who knows. neil: mark murphy, thank you.

i want foe go to chad pergram they're going back and forth how to do well the debt ceiling things in ascoma months. where does this whole thing stand. >> reporter: democrats and officials from the biden administration are sounding clacks ons, they're warning of fiscal disaster if they don't act by june. >> permanently borrowing coasts for americans, buying a home, buying a car. we should not get to the point whether we need to consider whether the president can go on issuing debt. this would be a constitutional crisis. >> reporter: the government practically runs out of if lawmakers do not raise the debt ceiling that means the government could hoed back paying some benefits. some federal workers might not get paid. like a treasury credit card

treasury pays interest on the debt first. is the public worried? >> that is horrific. that is heebie-jeebies that is common term for scared out of my wits. >> if that happened, if those payments stopped, what would that mean for you? >> it would be ridiculous, apocalypse. >> reporter: senate republicans are now committed to filibustering any plan to raise the debt ceiling without substantial cuts. they now appear to have more than 40 votes to block democrats. it takes 60 votes to break a filibuster. >> we're telling president biden, look we're not going to pass a clean debt ceiling increase. want to raise the debt ceiling it appears necessary from time to time to do that so let's do it, only with substantive spending reforms. >> reporter: top congressional leaders meet with president biden tomorrow on the debt ceiling this comes as a "gallup poll" found that 48% of all americans are worried about the security of their money in

banks. neil? neil: real quickly, there are 43 republicans dead set opposed to no linkage, raise the debt ceiling, ownly if you get cuts, right? so they're not budging? >> that's right. they signed this letter. mitch mcconnell, minority leader is on board with this. again you have to have 60 votes to get that out of the senate. that is why it will be key to have this negotiation. neil: no one better to follow it, chad, my friend chad pergram on capitol hill with us. mike lawler, house republican sits on financial services committee. good to have you. i'm hearing whispering, there is a middle ground pushing this back a little bit, a extension would take us into september is mentioned. what do you think about as they sort of iron out all these differences? >> the bottom line president biden and senate majority leader schumer need to negotiate with

the speaker that has been my parameters from the start. the senate majority leader and president must negotiate. a short term extension would obviously by some time. the issue remains president biden refused to negotiate. they will meet tomorrow. immediately thereafter president biden is coming to my district on wednesday morning to rail against maga republicans rather than really doing the work that needs to be done here. you know it wasn't too long ago, neil, that vice president biden negotiated with then speaker boehner to come up with some spending reforms to lift the debt ceiling that what needs to happen here. look at our economy, 41 year record high on inflation, banks collapsing. people are struggling. it is because of the biden administration policies, five trillion dollars in new spending drove the record inflation and it put our national debt at over

$31 trillion. this cannot continue. neil: i know you feel very strongly about that you can argue we went from an economy stopped with covid, nothing was going on, obviously we got back to work. obviously that will ignite inflation. you're right. that was a big mix. i guess what i'm asking now is this idea of an extension though? that seems to be getting discussed even among some more of your conservative colleagues to take the heat getting something down now. i don't know what that would involve, congressman, but it sounds to me like punting, it sounds to me like pushing it back? >> we are facing a debt crisis in this country approaching $32 trillion t was a little over a decade ago we were at about nine trillion. so you know both parties bear responsibility here and both parties need to come together to deal with our crisis. yes, we have to lift the debt ceiling, yet we have to pay our

previous debts incurred, no we cannot default but we cannot continue to borrow and print at these levels. a short term extension would obviously buy some more time here considering we're looking at three weeks but the president needs to show a good faith negotiation with the speaker. kicking the can down the road will not change the construct here. we still need to have an honest dialogue and discussion about how we move forward and so whether we have to raise the debt ceiling in 3:00 weeks, or whether we do a short term extension to the end of september, the bottom line is we're still going to have to deal with this. neil: do you worry that a market selloff, a steep one would do it? , would get both parties alerted to action, much as it did during the financial crisis when there was a rescue for troubled assets and banks, tarp as it was known, troubled asset relief program and that prompted you know, the failed vote first, 800 selloff

after that, for them to get something done? you can argue in retrospect whether it was worth what they did getting done but what do you think? >> it shouldn't take that. everybody needs to be an adult here and we cannot default on the full faith and credit of the united states and put our markets at risk. but we cannot continue to borrow and print at these levels. so everybody needs to be an adult. everybody needs to get in a room. the speaker has been calling for the president to negotiate for months. the house republicans passed a bill two weeks ago. senate democrats can't do anything. they don't have the votes. chuck schumer can say all he wants about a clean debt ceiling, he doesn't even have the votes to do that. everybody needs to put big boy pants on so we negotiate and move forward to avoid a default. neil: we shall see. closer we get makes you wonder people hear what you're saying

congressman. always good to see you. >> thank you. neil: the selloff ensues right now. inflation debt, retail inflation report thursday, wholesale inflation report, then the talk among number of fed officials, you know the strength of the economy, particularly the jobs report we've been seeing, service sector job growth we're seeing it is not a gimme we're done hiking rates. we might even see another one in june. who knows. more after this. ♪. dad, we got this. we got this.

we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones

a ballet studio, an architecture firm... and homemade barbeque sauce. they're called 'small businesses.' but to the people who build them there's nothing 'small' about them. that's why at t-mobile for business... you'll save more than $1,000 versus verizon. and with price lock guarantee, we'll never raise your rate plan. so you can keep your focus on toe-turns and making sure the sauce is extra spicy. at t-mobile, there are no small businesses. ♪ we moved out of the city so our little sophie could appreciate nature. but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had to go. i might've taken it a step too far. (chainsaw revs) (tree crashes)

(chainsaw continues) (daughter screams) let's pretend for a second that you didn't let down your entire family. what would that reality look like? well i guess i would've gotten us xfinity... and we'd have a better view. do you need mulch? what, we have a ton of mulch. we moved out of the city so our little sophie could appreciate nature. a literal ton. but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had to go. i might've taken it a step too far. (chainsaw revs) (tree crashes) (chainsaw continues) (daughter screams) let's pretend for a second that you didn't let down your entire family. what would that reality look like? well i guess i would've gotten us xfinity... and we'd have a better view. do you need mulch? what, we have a ton of mulch.

♪ neil: think about every week brings its as assortment of data. they're all important, every time you get unemployment picture out that is a biggie. of course what is due out this week particularly comes to inflation, retail part of that for latest month on wednesday, the consumer price index, followed by the wholesale level, the prices that those who provide the goods for us pay before it comes to us. i thought shouldn't the ppi come first? but i digress. bottom line that will be very closely scrutinized by the markets whether it gives the federal reserve another reason,

maybe to consider a hike down the road especially when you hear the chairman of kellogg, the big cereal and food manufacturer, you call them a food manufacturer, they make a lot of good things, any way says you don't have to worry about a recession. people are still paying these prices and that appetite, no pun intended has not eased. so that is a constructive development. i can't read this, my friend, i think you can, the gist of it is the consumer has been resilient. he or she will continue to shop in the face of of that. jonathan hoenig, that is the big test of the economy, right? we avoid the the recession because consumer demand is big enough and we pay the higher price of goods. that also means the federal reserve could have couple more hikes up its sleeve. whether we debate the wisdom of that that may be weighing on stocks, a bit. what do you think?

>> neil, the consumer has been strong to the ceo of kellogg's point, but the consumer is tapped out. credit card debt, neil, at new all-time high. it is rising second fastest rate on record. at the same time to your point about interest rates, interest rates on credit cards are all-time highs. so the consumer has been resilient. he and she are dipping more and more into their savings. home savings retirement. what they call the hardship 401(k) withdrawals, neil. people literally taking money out of the 401(k) that is at an all-time high. only a third of americans could come up with $400 in case of emergency. americans are spending consumer is still strong, he or she is dipping into savings, retirement income to stay that strong and spend. neil: i wonder if the st. louis fed president bullard is right, june might warrant another rate hike? we even heard that coming from a variety of others. some liberals, some conservatives saying that is a

distinct possibility here that this notion people had of the federal reserve's last move it would be the only move this year, that might be premature, what do you think? >> what is frustrating about send tall planning in general it is so difficult to decipher what these fed officials think. you almost get the sense they are making it up as they go along. it is worrisome however. something we've been talking about the better part of the year the inverted yield curve. short-term rates are so much higher than long-term rates. that is not supposed to be the case. it is near 100% predicter of recession. you saw last week, short-term rates, one-month treasury rate up 5.6%. the market seems to suggest high every rates are in the cards. gold is flirting with an all-time high. pretty worrisome indicators on the horizon despite many in d.c. and the fed assure us things are just fine. neil: they are not just fine, are they?

that he very much jonathan hoenig. we'll see you later in the show. 5.6% he is referring to is the reference to the overnight bank lending rate, fed funds. trading range of five, five 5.25. if froing consensus is right. might sneak in another rate hike. hardly universal where they see it ending the year around that neck of the woods. that would mean or imply another quarter point worth of hikes. that is premature. we'll see. nothing premature on the final judgment on king charles' coronation. it was beautiful. no rain at all. in terms of ratings, a disappointment! after this. ♪.

(man) what if my type 2 diabetes takes over? (woman) what if all i do isn't enough? or what if i can do diabetes differently? (avo) now you can with once-weekly mounjaro. mounjaro helps your body regulate blood sugar,

and mounjaro can help decrease how much food you eat. 3 out of 4 people reached an a1c of less than 7%. plus people taking mounjaro lost up to 25 pounds. mounjaro is not for people with type 1 diabetes or children. don't take mounjaro, if you're allergic to it, you or your family have medullary thyroid cancer, or multiple endocrine neoplasia syndrome type 2. stop mounjaro, and call your doctor right away, if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, vision changes, or diabetic retinopathy. serious side effects may include pancreatitis and gallbladder problems. taking mounjaro with sulfonylurea or insulin raises low blood sugar risk. tell your doctor if you're nursing, pregnant, or plan to be. side effects include nausea, vomiting, and diarrhea which can cause dehydration and may worsen kidney problems. (woman) i can do diabetes differently with mounjaro. (avo) ask your doctor about once-weekly mounjaro. mara, are you sure you don't want -to go bowling with us tonight? -yeah. no. there's my little marzipan! [ laughs ]

oh, my daughter gives the best hugs! we're just passing through on our way to the jazz jamboree. [ imitates trumpet playing ] and we wanted to thank america's number-one motorcycle insurer -for saving us money. -thank you. [ laughs ] mara, your parents are -- exactly like me? i know, right? well, cherish your friends and loved ones. let's roll, daddio! let's boogie-woogie! ♪ 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 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.

>> i hear present unto you king charles, your undoubted king where for all you come this day to do your homage and service, are you willing to do the same? god save king charles. neil: it was a momentous moment, coronation of king charles iii in britain over the weekend but it was not what we call a ratings juggernaut. in fact, as it ensued, fewer and fewer were tuning in. told at highest level of the day charles was able to garner close to about 19 million viewers. i assume, guys, that is referring to the united states. as for the funeral by comparison of his mother almost a year ago, about 10 million more than that, about 28 million. the bottom line is, i'm told in britain and worldwide as well, if you extrapolate all of that, down from whatever attention his mother got not only at her 70

year jubilee celebration, sadly at her funeral a couple of months after that. what to make of that with charlie lankston, dailymail.com. those are big numbers, but not as big as many hoped, certainly the king hoped. what are we to make of that? >> the fact of the matter is charles is at the very beginning of his reign he just became king. his popularity is nowhere near his mother enjoyed throughout her reign. she was on the thrown0 years. it makes more sense people would tune in to pay farewell to the queen, tribute to the queen than watch charles get crowned. you have to take into account a quite long ceremony. two hours so watch is a long time. i don't think it is surprise the numbers started to drop off.

even i got a little bit bored at times. the peak viewing number, 20.4 million people tuning in the uk. that was obviously when charles was crowned. that is the money shot. neil: i'm sorry, i misled viewers there. i'm referring to numbers in the united kingdom. you would argue brits like yourself would have a vested seeing this big moment. they did, not nearly as many as his mother. again there are a lot of reasons for that. i guess the weather was not hospitable that would not make a difference if you're inside watching it on the teleas it were. many tell me some of the drama goes along with it, mystery whether harry would show up, whether how that would go, seemed to go okay, i'm watching from afar, the issue this monarch is simply not beloved as his mom. that might change. that was a real factor. what do you think? >> i think you're absolutely

right but this was a woman who spent you know, seven decades on the thrown. she was beloved by some people in the uk and charles has had a big hurdle to overcome at the start of his reign. he was seen being very stuffy a bit snooty, uppity if you will that is a image he worked hard to try to undo. he made inroads. we had a touching moment you could see him getting motion hal when he was on the balcony in buckingham palace. that is not something we've seen from him before. he is definitely changing his ways. he is definitely increasing in popularity. there is no way at this point in his reign he would be as popular as his mother was at the end of hers. neil: do you think what hurt the entire broadcast the fact adele was not performing? >> i think that may have been a factor. instead of adele, what we got

was princess anne's incredible feather. that stood out as a shining star. i'm sure adele would agree. neil: you are a encyclopedia. charlie lankston, "daily mail." speaking of adele, had commitments in vegas. having a big show there, booked solid, weeks, months, as far as i know, decades to come. a lot of other british stars were not part of that, spice girls, i go on and on. my obsession last friday, some call it obsession, i call it now the 35-year-old singer got a bit much to celebrate her birthday. you've been writing in droves to let me know about it. we hear from rick, enough already. the market rally losing steam since you started on adele's birthday ritual. i love your show. thank you, rick.

was adele rally. knowing you have a big weakness for adele, tell the naysayers go to the other side. naysayers go to the other side right now. don't want you back again. john writes, today's adele special has me rolling on the floor laughing. good job. still hoping the show will get that call. well it sounded many of you referred to the fact, kevin my producer got, heard from her person to effectively say they have no interest in coming on this show. i saw a teeny little ray of light that that was actually a yes. just playing with us. finally, duane writes, that was the worst opening ever in history of fox. three minutes of my life i will never get back. you don't have to watch anymore, do you. all right, good-bye. i have don't know what to say if you're not an adele fan, what are you doing living? that is just me. more after this.

we're talking about cashbackin. we're talking about cashbackin. we're not talking about practice? we're talking about cashbackin. we're talking about cashbackin. we're talking about cashbackin. not a game! we've been talking about practice for too long. -word. -no practice. we're talking about cashbackin. we're talking about cashbackin. i mean, we're not talking about a game! cashback like a pro with chase freedom unlimited. how do you cashback? chase. make more of what's yours. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.

>> right now, a child is being diagnosed with cancer. >> [ voice breaking ] being a parent of a child who is diagnosed with cancer [sniffles] is a parent's worst nightmare. >> st. jude children's research hospital works day after day to find cures and save the lives of children with cancer and other life-threatening diseases. >> st. jude, to me, inspires hope. it gave me the power to believe that anything is possible. >> st. jude is...everything. [ voice breaking ] i feel like they really changed me and my family's life. and i'm really grateful for everything that they do. >> in the united states,

one in five kids with cancer still dies. and in many other countries, four in five kids with cancer will die. you can help change this for kids everywhere. >> the children are children, and cancer is cancer. the treatments are the same. like danny thomas said, no child should die in the dawn of life. >> st. jude was founded in the 1960s with the goal that no child should die in the dawn of life -- and that means no child, period, anywhere. >> you can help st. jude save lives everywhere. call, go online, or scan the qr code below right now and become a st. jude partner in hope for only $19 a month. and we'll send you this st. jude t-shirt you can proudly wear to show your support. >> this fight is not over. ♪ and that's why donors are so important. >> you can help support

the mission of st. jude. finding cures. saving children. ♪ ♪

♪. >> our border is secure. border is secure because we are maximizing our resources to deliver the most effective results to our border with the most extraordinary workforce in the world. >> he says that the border is closed. everybody in america knows that the border is not closed. it is more open. neil: well again, there is a jump ball debate what happens at the border. of course the fact is, you know, come thursday title 42, sort of weapon if you will to sort of ajudicate a lot of these cases, people apprehended at border go to mexico to be processed there. all of that goes presumably up to thursday, some of those same cases maybe all will be handled in the united states, the implications is enormous. enough for the administration to send 1500 troops i believe by the end of the week they will be down there.

e henry cuellar with us always a pleasure, congressman. do we know when the troops arrive, fully 1500 contingent as allocated? >> they should be in this week in addition to the other 2500 down here already. but they don't have enforcement laws, no immigration enforcement. all they will do, like they have done under so many presidents just so provide support to so the agents go out in the field to do the work. neil: they don't carry weapons, right? they're not supposed to get involved in pretty much some of the things border guards do. so what are they doing? >> well, i believe they will have weapons but only for defense but again, just like under bush, trump, obama, and now they will be in just to provide support services, help

with monitoring being in the video control where they are looking at the monitors, any support of support work that they do but if people think that they're going to go out there and secure the border and walk the borders, they're not going to do that at all. they have never been able to do that. neil: you know this guy who was suspected of driving an suv into a crowd of migrants over the weekend killing eight, congressman, he has been charged with manslaughter. do you know anything more about that? whether that was intentional? what happened, why? >> we do know that he was unhard drugs from my understanding. of course manslaughter charges. we don't know exactly what happened except that he was speeding. you know, i've sheen some videos when the accident happened, i shouldn't say accident, when the incident happened, we don't know if it was an accident or not. if it was intentional.

some of the aftermath. it was horrible what happened. we'll let the investigation go through. neil: do you expect you know, once title 42 goes away, that there will be this throng of thousands, tens of thousands maybe, making their way here? some predicted 13 to 15,000 per day by the time this thing is gone, what do you think? >> well right now we're seeing about 85 to 8700 a day. neil: right. >> i've seen some of the numbers in different mexican states, there is way over 152,000 that i know of, people know of, that is, that shelters right outside of the shelters but that doesn't include other ones that have not shown up at the shelters. i looked at numbers for different mexican states, especially the southern part. i looked at numbers in guatemala, panama, other places.

i can say this, there is huge number of individuals staging to come over at the u.s. there is some policies that i think will be affected but in my opinion, a little bit too late. they should have been implemented. we're waiting for a rule to come into mace. that rule should have been done in a long time. again, i will say this, neil, all we see is images of people coming in. where are the images of people being returned? we are returning people. we don't want to hurt anybody's feelings people going back. i say that with a smile but, we have to show images of people being returned. if there is no consequences, then the border is a little speed bump there at the border. neil: you know i was going through a list of things in the debt ceiling argument that could be sacrifices he had specially pushes us to the brink, congressman. among them funding or good chunk of it at the border. that is if we push this to the

brink, the administration has prior ties where it will spend money or not spend money. that a default could make things worse. in other words, the fight at the border would be gone. we go into default, it is over. is that true? >> well you know, i saw, my republican colleagues proposal that cuts $131 billion again, i sit on the appropriation. i'm ranking member. sit there with my good friend david joyce, chairman of home hand of the we don't know what numbers will be right now. but again, there is a possibility, depending what they cut, will be we could border patrol agents. we don't want to see n we want to increase the number of border patrol agents, other agents at the border. making sure we have the right technology here at the border. neil: got it. keep us posted. always good congressman. congressman henry cuellar

dealing with a hell of a mess, could become worse thursday. meantime, going to kelly o'grady in los angeles talking about reparations, generous reparations at that point of the only detail they left out how to pay for them. >> reporter: neil, governor newsom reparations task force approved the proposal over the weekend. who would get the money is in flux. those 71 and above would receive $1.2 million. the task force calculated different amounts to compensate black residents for overpolicing housing discrimination, what they're calling health injustices. they are calling it a down payment though, warning more reparations are likely to be added. many at the meeting praises the task force. agreed 1.2 million is not nearly enough. >> $1.2 million, that is a drop in the bucket. i would rather there be $10 million. five million dollars is not enough when you look at the atrocities that happened. >> reporter: as he said governor

newsom's special task force was charged with filling out the plan but not plan for funding. it could cost nearly three times california's state budget t has many economists questioning how the state would afford it after they're already facing a 22 billion-dollar budget deficit. >> california is a net deficit state in terms of its debt. we owe close to two trillion dollars in unfunded pension liabilities for government workers, for example, health care benefits for public workers. we're upside down. >> reporter: neil, these are recommendations for now. legislature will have to vote on it. certainly hundreds of billions of dollars unlikely to help with inflation. send it back to you. neil: put it mildly. kelly o'grady thank you for that. want to go to jackie deangelis 15 minutes before "the big money show." >> we'll talk about the what the

biden wants to do now. they want airlines to pay up for the problems. it's real mess at the border. title 42 set to expire. we'll take you there, we'll see exactly what is happening. also arizona congresswoman lesko making one last effort to save the gas stove. all at the top of the hour but more "coast to coast" after this. ♪. there are some things that go better... together. burger and fries... soup and salad. like your workplace benefits and retirement savings. with voya, considering all your financial choices together can help you make smarter decisions. voya. well planned. well invested. well protected. >> 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. >> singers: ♪ safelite repair, safelite replace. ♪ central banks are buying gold at a record pace. galantas gold has discovered high-grade gold in a world-class district. fully permitted, galantas gold is ready for production. the industry's biggest investors own 60%. visit galantas gold ♪

♪ 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? ♪ ♪ so... i know you and george were struggling with the possibility of having to move. how's that going? we found a way to make bathing safer with a kohler walk-in bath. a kohler walk-in bath provides a secure, spa-like bathing experience in the comfort of your own home. a kohler walk-in bath has one of the lowest step-ins of any walk-in bath for easy entry and exit. it features textured surfaces, convenient handrails for more stability,

and a wide door for easier mobility. kohler® walk-in baths include two hydrotherapies— whirlpool jets and our patented bubblemassage™ to help soothe sore muscles in your feet, legs, and back. a kohler-certified installer will install everything quickly and conveniently in as little as a day. they made us feel completely comfortable in our home. and, yes, it's affordable. i wish we would have looked into it sooner. think i might look into one myself. stay in the home and life you've built for years to come. call... to receive a free kohler® toilet with the purchase of your walk-in bath. and take advantage of our special financing, no payments until 2024.

♪. neil: all right, we are following developments you know across the globe. china, how it is acting, trying to say some nice things to americans or at least get talks back on track or at least something that closely imitates conversation. china's foreign minister has already met with the american ambassador to china and beijing. you know, it is not a sign of things warm and fuzzy but maybe a little defrosting going on. former defense secretary under donald trump, dr. mark esper. mark, good to have you. let me ask you a little bit so much a powwow so much a conversation which in the past would not be a big deal. in this environment it is deemed

a big deal. is it? >> i think it is important both our countries talk. we have ongoing dialogue about any number of issues, both which we agree, those which seem to be the majority now which we disagree. we reached a low point last summer when nancy pelosi went to taiwan rightfully and then of course, another low point when we learned that chinese spy balloon was traversing the united states. so it is important that we talk. but look, also coming on that discussion between the foreign minister and our ambassador was the foreign minister's accusation that the poor relationship between the china, between china and the united states is all of america's fault because of decisions we've made and rhetoric that we've expressed. so they continue to blame this on us, when just the opposite is true. neil: you know, one of the things that we have been saying is that the chinese are going to secretly arm and help the russians in ukraine.

they have disavowed that remark a number of times. i don't know what this foreign minister said on the subject. he is relatively new in the post i guess. when we are relying on china, at least europe is, read financial times, "london times," they talk about how china may play a crucial role brokering a peace deal in ukraine, do you buy that. >> no, not at all. i don't see it whatsoever. they are clearly on the side of the russians, relationship between moscow and beijing grown over the past 14 months since the war began. i think biden administration may have used a clever deployment of strategic intelligence to call them out before they provided lethal material to russia. and then of course since then they have, they, beijing made a couple mistakes. one of which was, the chinese ambassador to france coming on saying that, the former states of the soviet union like baltics states and poland, et cetera,

absolutely didn't have the sovereignty, weren't responsible countries in that regard. so i think they made a series of mistakes but i think right now we'll keep careful watch. i don't see them playing a helpful role. neil: i wonder where this goes, secretary. whatever happens in the future, you worry first more about the impact of a economic war than a military one. that is not pleasant either. the argument long been that kind of thing hurts china a lot more than it does the united states. if china agrees with that, as a funny way of showing it which makes me wonder, i will defer to you, your expertise sir, they don't think it will be disproportionally hurting them? they might even welcome it. what do you think? >> well, i actually think it hurts everybody. we're the largest economy in the world. chinese are the second largest economy in the world. we're integrated in any number of ways. i think an economic showdown

hurts everybody from, you know, europe to the global south. so there is no winner here but on the other hand, it is important that we sand up to them. tell them, make clear we expect them to live by international rules an norms. they can't be cheating in the world trade organization. they can't be manipulating their currency. they can't be seizing ships, obstructing commerce in the south china sea, doing things like that. we have to get them on the right track to owe pay international rules and norms. live up to agreements they said they would live up. i think it is important all of europe get on board with us. neil: secretary esper, great seeing you again. thank you. >> thanks, neil. good to see you. neil: minor selloff going on right now. minor selloff, down 113 points. we'll be in a freefall we get possible default. it happened before in this

country under different circumstances. takes something horrendous at corner of wall and broad to get action in our nation's capitol. we'll explore that after this. ♪. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones

lomita feed is 101 years old this year and counting. i'm bill lockwood, current caretaker and owner. when covid hit, we had some challenges like a lot of businesses did. i heard about the payroll tax refund, it allowed us to keep the amount of people that we needed and the people that have been here taking care of us. see if your business may qualify. go to getrefunds.com. your best defense against erosion and cavities is strong enamel- nothing beats it. new pronamel active shield actively shields the enamel to defend against erosion and cavities. i think that this product is a gamechanger for my patients- it really works.

are you a new at&t customer looking to upgrade your phone? you're trapped! locked into your contract for three years... and your phone is locked into their network too. no two-year upgrade for you, jonathan. but t-mobile has a way out. introducing the easy unlock. bring your at&t locked phone and t-mobile will pay it off and give you one of the latest 5g smart phones free! plus, next time you're ready for an upgrade a year earlier. you're free now little one. and so are you! just so we're clear i did trip on purpose for comedy. free your phone now at t-mobile.

♪ i wanna hold you forever ♪ hey little bear bear. ♪ ♪ ♪ i'm gonna love you forever ♪ to have and to hold from this day forward. ♪ you don't... ♪ c'mon, bear. ♪ you don't have to worry... ♪ ♪ be by your side.. ♪ ♪ i'll be there.. ♪ ♪ with my arms wrapped around... ♪

♪ neil: you know, some people need a little push. back in 2008, the push for congress was this: a 770-point freefall after congress failed to pass t.a.r.p., the troubled asset relief program, rescue for banks and financial institutions. that nearly 800-point hit, which was a record at the time, did galvanize to congress into action. the irony being they did end up passing t.a.r.p., we would still fall thousands of points more. but the moral of the story, boys and girls, is it takes something like that to get washington off its collective hineys. is it going to be necessary with this debt ceiling thing, getting closer and closer to the what we're told to be a deadly deadline. jonathan hoenig back with us. i'm not here to debate the wisdom the of such actions and whether they're warranted, but they're usually triggered by vents like that on the street.

what do you think? >> yeah, neil, volatility is almost guaranteed the because of it, those types of manmade events. this is within the power of government to the fix and also to cause. you look at those odds in terms of betting market, the odds of a u.s. default have actually tripled just this year, upwards about 11%, that's a multiyear high when it comes to default. so you're seeing a lot of fear out this. gold at an all-time high, the u.s. dollar is starting to slide, and while the dow is basically flat for the year, a lot of foreign markets, european markets are up 10, 15, 20%. so many investigators globally seem to be avoiding the u.s. given the turmoil on wall street and washington, d.c. as well. neil: there had been rumors circulating around that maybe we'll see this year what we saw back in 2011 when we avoided a default or something nasty but still downgraded the country's prison even the aaa rating. talk -- pristine aaa rating,

simply because of the craziness around reaching agreements in washington on stuff like this. >> it's not just agreements, it's the background itself. debt is out of control in this country, and 7 out of 10 americans now saying that inflation is impacting their bottom line. and, neil, it's not just in terms of their costs, but it's in terms of their ability to invest, their ability to fund the next facebooks, metas and apples of tomorrow. there hasn't been any really systematic attachment or addressing of inflation in this country, is so the fed is going to keep worrying about it and americans as well. neil: for now the markets don't seem to be worrying about it, but what do you make of just that? >> well, the big action, neil, has been in those big cap stockses. that's really what's been leading the charge. the breadth of the market is really weak, a lot of the value cap has not been keeping along. i'm not a bear here, i think you have to be very cautious. inflation makes it

extraordinarily difficult to invest, the yield curve is at a historic inversion, that's almost been a recession imminent. don't fight the tape, but don't make it all or none with your investments either. neil: jonathan, great seeing you again. jonathan hoenig. do want to take you to the dow down about 94 points. the naskaq -- nasdaq had been climbing. it is down, i think it would have to gain about 28 points or so to get into a bull market or to start a new bull market. charlie brady, our stocks editor, he is like the nostradamus of all things money. we're not there yet, but we could, we'll see. it's still early in the trading day. let's go the jackie deangelis "the big money show." jackie: neil, i heard what you said about adele, i agree with you, the rates would have been doubled. neil: i stopped watching it, and i was covering it. jackie: you shouldn't fe