tv Cavuto Coast to Coast FOX Business May 24, 2023 12:00pm-1:00pm EDT
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, madison. you go first. >> james madison. i have no you choo. stuart: lauren is looking pensive. >> considered switching my answer but stick to the original one. george washington. stuart: i will go with robert e. lee. on grounds it would be a trick question. i got it right. >> someone whispered the answer to you. stuart: some one didn't whisper it to me. i would have paid for that the robert e. lee, was the confederate general in the civil war and he owned the land that is arlington national cemetery. that is remarkable stuff. thanks for being on the show. tomorrow i assume you're on the. >> in for the rest of week. stuart: "coast to coast," wait for it, it starts now. neil: we just heard from the speaker much the house and he outlined what is essentially no progress on these debt talks right now. you can see him there moments ago taking questions from
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reporters and outlining among other things we still don't have a deal. sending negotiators apparently down to the white house later on today but again we don't know what time today. one of the interesting things that caught my attention, why i think we are a little bit further off than we were before he started speaking is he said we can get to a deal, yes but he didn't say it, assuredly, i think we can make progress today but hinted that there is really very little progress being made today. one of the lines that caught my attention as well is when he added, i won't default. didn't say necessarily that was shared by the president of the united states. that could be overreading into things but the dow down additional 265 points today, i believe going into that we were down about 180 points. chad pergram now has the latest what might have come of that, where we stand right now, chad? >> reporter: good afternoon, neil.
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right now, garrett graves, republican from louisiana and patrick mchenry will go down to the white house. the team is coming to capitol hill to try to negotiate. they will do the other way around. something caught my attention from garrett graves he said we're still miles apart. this is what the speaker alluded to. the democrats will not cede the line on some amount of spending. let me get into the weeds on this. they have taken defense off the table. they have taken entitles, which is medicare, medicaid, social security. that means you're down about 15% of all federal spending. that is the universe of spending and you're trying to get those cuts and democrats say, look we can't give up some of these things especially if you come off of the bill that the house of representatives, the republican bill, that they passed in april. so you're going to have to have some metric of democratic votes. this is where hakeem jeffries yesterday, he indicated that's going to have to reflect some
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democratic priorities. this is where kevin mccarthy, if you listen very carefully to the language and you picked up on it, neil, starting to contour it, request didn't democrats lift the debt ceiling when they had the opportunity to do so? right now it is may but legislatively it is really june. there have been a number of republicans the past couple days who increasingly said they don't think that early june is really the deadline. bob good, conservative from virginia, byron donalds, he says he wants janet yellen, secretary of the treasury to show him proof it is really early june. kevin mccarthy showed me last week, i think we should believe what the treasury secretary tells us. let's walk through the mechanics here. this will be very important. say hypothetically they got a deal tomorrow? it would still take a couple of days for them to put pen to paper and get this into legislative form. so that gets you to saturday or sunday. then kevin mccarthy says, i'm going to adhere to the 72-hour rule. let this sit out there so members can read and consider it
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for three full days with no changes supposedly, supposedly. we'll see if they break that then you would vote early next week. that is if they get a deal then that gets you to the edge of june and we have not even talked about the senate yet. this is where the markets, this is where everybody starts to get very jittery if they don't actually have pen to paper yet and during that time, that three-day period, that is where this is going to be evaluated, scored as we say here on capitol hill by the congressional budget office. a lot of members judge their support or opposition for this bill based on what the cbo score is. inevitably, neil, you always have a hiccup or two at the end. some member says i can't vote for this. you have a coalition of people who are opposed, you have to go back retrench the bill at the last minute. guess what, it is june here on capitol hill already, neil. neil: if you think about it, you look at the that timeline, you've been so good at this, chad, the thought that the
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treasury secretary janet yellen might have put the fear of god into people knowing full well june 1st isn't when we run out of dough or perilous situation mid-june, do we really know who is right on this? >> no, we don't. i talked to some expert who studies this from a academic level, we have never been in this situation before. there is a little bit of fear-mongering among this. talk to others, debbie wasserman schultz who i talked to yesterday, florida has highest percentage of retirees of any state in the nation. we would think cutting off of social security checks would come pretty quickly. there is some seniors who rely on that. again, we don't know what treasury would pay off the bat, what they would not. we've never been in this situation before. we have been told repeatedly, what they would probably do, this is where the analogy to having a credit card is pretty much in line with this situation, what you do if you're behind on your credit card is you pay the principle, you pay the interest. so they would pay the interest
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first. they would pay those who had the stake in those treasurys first and not cut social security checks or not pay the military who knows what and that's where the economic impact really starts to resonate rather quickly but again, it is probably not going to happen on june 2nd or 3rd. it depends if and when the markets take notice. neil: well-put, my friend. chad pergram following these developments. >> reporter: neil, can i ad one thing? neil: please do. >> reporter: speaker of the house is in the chamber right now. we have a chance he might come back by here. i will get a question to him if he comes by. keep your eyes and ears on this channel as they say. neil: we certainly will. i think it will happen with you with the microphone. chad per following these developments. charlie brady reports, senior editor, the yoda of finance, brave is he, he -- that is yoda impression he is one early on
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said now the markets are moving based on where we stand on these debt talks. if they look favorable, something comes out, make them look favorable, stocks go up. if they don't, they are getting worried stocks go down. last couple days it has been more the latter. it is a big worry going forward. we'll see how long it's big matter going forward. little interest in short-term t-bills, three, six month, it is dicey. people pushing out of those. many going into corporate bonds. it gets a little geeky. suffice it to say, stocks are not a draw, near term treasurys are not a draw. in this environment where they're afraid to commit very long they really place their bets on longer term securities or treasurys. we'll see if that continues. in the meantime there is very big news being made, very big money following this news being made. ron desantis ready to make it official to declare he too is joining the presidential race. he has a lot of money behind him. we'll talk to the guys directing
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that multi-hundred million dollar effort. ken cuccinelli, former virginia attorney general, former deputy homeland security, mark meredith in miami what we can expect. mark, i guess a very unusual announcement, right? >> reporter: neil, it certainly feels like this but this is also the worst-kept secret in politics. governor ron desantis has been hinting for months he would be launching a presidential bid. we've seen him go to iowa, new hampshire, all the other battleground states, places he will go once he is a candidate which you mention will be happening a little later on tonight. governor desantis became a household name during the pandemic. he fought really hard against the mask mandates. he encouraged schools and businesses to reopen much sooner than we saw other governors around the country. something he will talk a lot more about on the campaign trail. previewed what his stump speech will be like. listen to what he had to say on monday. >> my job is to lead and i'm going to lead with vigor and energy and i'm going to pursue the bold policies that are going to make a difference.
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>> reporter: but what are those policies actually going to look like on the campaign trail? right now it is still a secret. his campaign website just shows the image of a gator. i woo expect it to come online later today. desantis just getting into the race race he has been receiving criticism from trump. they were political allies. trump campaigned for desantis in 2018. really helped the governor in a very close race. now trump is the one on the attack, writing he desperately need as personality transplant. to the best of my knowledge they are not medically available yet. a disloyal person. trump says a disloyal a lot on social media. former ambassador nicky hailry attacking desantis, calling him echo of trump. other campaigns will likely go on attack, desantis remain as solid second place among early primary voters according to the polls. we'll see if get as boost after
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the announcement. it is set off later tonight. neil, you hinted with it, twitter conversation, audio conversation at 6:00. the governor will be on fox news channel 8:00 tonight. he will do more telephone town halls. at some point we see the big formal launch event probably at hits hometown. not happening this weekend because it is memorial day weekend but probably as early as next week. neil: update on the personality transplant thing i've been looking for that for years with no avail. mark meredith. thank you for all of that. ken cuccinelli making this happen, former devotee served in the trump administration now looking to raise what could be record amounts of money for the florida governor. he joins us now. ken, very good to see you. this commitment is at least -- >> good to be with you. neil: $100 million, $200 million, if you throw in the 80 some odd million the governor has in excess campaign funds when he ran for re-election.
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you add that to go the 117, 118 million he already raised he won't be short of money? >> no, the governor has been not only a great grassroots builder but he is also been a great fund-raiser and in this race he's limited by the federal election laws but the super-pac that i participate in leading, never back down is not and we have been successful in the fund-raising front. we've also been successful in the grass roots front. we have knocked on over 20,000 doors in iowa. no presidential campaign hasn't done that. heck the presidential campaign doesn't even exist yet but we're knocking on doors. we're building a movement, organizing movement, this governor has inspired with his determined attack on every policy issue that matters to conservatives and grassroots republicans across the board, whether it's taxes and debt, life and families, protecting
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our children from the woke mob in schools and against corporations. something where there is a big difference between him and the presidential field as it stands that you and i talked about actually but that's a great contrast as he comes into this race with very high favorability ratings and a lot of upside potential, especially for america. and we're very excited to see him kick this campaign off and we're exciting to help him build this movement. neil: what is donald trump's reaction been to you going with governor desantis? you might have heard a thing or two he does not appear to be a fan of the governor. >> i have heard a thing or two and of course he was a fan until he wasn't. and you know, that is the way that goes. i'm not picking this for personal reasons. the president views everything through a personal lens and for me the decision was what is best for america and millions of
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other people are coming to the same conclusion that i have that the track record of governor desantis leadership, moving the needle on everything that matters most to our country today including the cultural battles which so many other republicans leave behind and he does not. he wins them, are so important and so inspiring that's why i decided to go with governor desantis. it is not because he is my pal and trump isn't. i like the president. i liked working for the president. we were pursuing good policies. i think they could have been pursued a whole lot better, a lot more capably, competently like they have done in florida. i look for high quality leadership starting in 2025 with ron desantis. neil: you intimated you had discussions with donald trump post-this endorsement now you're raising money for him. i'm sure that added salt to the wound of the former president.
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did you curse you out? >> i was polite about it. no, no via text. it was very brief, it was via text. they're putting me on you know their smear list that their surrogates use but the president has not had anything unkind to say directly. neil: okay. >> the only text exchange was civil. i told him look, i think it's better choice, mr. president, not that you're a bad choice but ron desantis is the best choice. i still believe that. i believe it more today than i did six months ago. neil: real quick, i was trying to get a sense where a lot of this money is going to go. a lot of it in the early state, knocking on every door in the case of iowa, coming back five times to knock on those doors. >> yes. neil: i was thinking of the money raised, it almost paralleled jeb bush's haul back in 2016. we know what happened to him. that money doesn't necessarily buy you the prize.
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>> right. neil: are you worried how the governor has tumbled in the polls against donald trump and party loyalists are really with donald trump and not ron desantis? >> so this is about votes, not dollars. dollars are helpful to get a message out, to talk to people. unlike any super-pac in history we're building a massive ground game not just in the first four state, neil, but everything up through super tuesday. so we're going to be sharing the history of the governor and his accomplishment in detail with an already favorable republican electorate. they love this guy. even people who say today they would intend to vote for donald trump love governor desantis because of everything he has accomplished and what a great leader he is. neil: donald trump has said, donald trump said a lot of that success in florida, the governor inherited, has claimed that he is out of touch. you heard the personality transplant thing. i have heard worse myself. having said that but does it
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worry you that the former president has adequately framed the governor to the extent that he has got a lot of ground to make up, almost impossible ground to make up? >> no it isn't impossible ground at all. he hasn't even gotten into the race. we're a few hours short of that i fully expect the governor to make steady progress. the more he shares his record of accomplishment the more he is going to rise and he will win, he will win this nomination. it isn't going to happen like that. it is going to be a building process and getting to know the governor process. more people get to know him, more voters will come to him. he will win this thing going away. neil: real quickly on the debt thing going back and forth, the former president made clear in his interview on cnn that he was open to default. that is the only way republicans extract spending concessions out of democrats so be it. what is the governor's view on that subject? >> the president was on both
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sides of the debt ceiling fight. he said i'm president, i don't want to fight it. i'm not the president, go ahead fight it. classical principleless approach. he has only spoken in favor of the republican majority of house's position. he hasn't gone beyond that. it is not my place to put words in his mouth but a lot of us on the right are very supportive what the house republicans are doing right now. they have shown the democrats you utterly irresponsible in this contest. neil: sorry, ken, default is something the governor doesn't support. that is something he doesn't agree with the former president on that? >> maybe he said something on that. nobody wants to see a default but that is in the hands of the democrats right now. the republicans have acted. now it is up to the democrats. neil: all right. we'll see what happens. ken cuccinelli, thank you, good catching up with you. there is a lot of money for the florida governor right now, in fact record sums this early in a
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race. remember technically, until 6:00 tonight, he is really not in the race. so it is an amazing amount raised early on. also keeping an eye on the dow right now, down about 270 points, in and out of session lows. we're following that and you know the drill when it looks like a deal is looking iffy stocks sell off pretty spiffy. that makes no sense at all but you get my point. we'll have 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.
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golo is real and when you take release and follow the plan, it works. ♪. neil: all right, the debt threat is very real right now and at session lows the dow down almost 300 points. concerns that maybe a deal cannot be had we're told by june 1st. people want to know what is the magic of that date? does it hold, what is on the line and how quickly are we out of that credit line? lauren simonetti has been following all of these developments. joining us now. lauren. lauren: a lot to follow there is debate what actually will happen if june 1st comes and goes and we don't have a deal. some economists believe as the money runs out very likely treasury will pick and choose which payments to prioritize. take a look at the list. 12 billion in veteran retiree benefits. 10 of billions of dollars that
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need to be paid by that time. it could leave recipients in the dark because there is no precedent for any of this. we don't know what treasury will decide to pick first as i said, you have veterans, active military monies, all that is due june 1st or 2nd. that could open up a major legal challenge. does the treasury even have that power to make these choices? listen. >> we don't want treasury choosing which agencies should get funded on some particular day or which program beneficiaries should get their checks on some given day. that is up to congress. lauren: in the meantime treasury is looking to buy time telling federal agencies, slow down the process for submitting your bills. they want to avert these armageddon possibilities which i'm going to get into now. for the most part there is confidence that a default is unlikely but it is certainly possible.
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the longer the negotiations drag on the more shaky it is getting for wall street. you're seeing that today. if you look back at 2011, we came what within two days of a default? still we avoided one. the major averages declined about 20%. and now the white house is warning that if the debt limit is breached we could see losses as much as 45%. moody's is predicting a default could erase $10 trillion in household wealth. nearlymillion jobs would be lost. unemployment would spike to over 8%. zillow says mortgage rates will jump to about 8 1/2%. but worst of all, the u.s. credit rating which was downgraded by standard and poors, we lost our aaa credit rating in 2011, we still, neil, all these years later have not gotten it back. here we are once again looking down the barrel of a potential first-ever debt default. neil: scary stuff. lauren: it is. neil: reason enough for the dow to be down the degree it is.
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phil gramm, joins us right now, former texas senator. if you think about it, back in the 1980s we were experiencing the same thing during the reagan administration. he came up with a plan, the gramm-rudman budget cuts if you will. that set in stone a few years, longer than we've ever seen since. constraints on federal spending but again, eventually it broke apart but it was a start. wish we could see that kind of discipline today. it is in short supply. he joins us now. senator, great to have you. is there any hope for a modern-day gramm-rudman where both parties commit to spending restraint more than a budget cycle, maybe years? >> well i think as of right now an agreement like that couldn't be had but the most important thing right now is preventing this carryover of pandemic
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spending into the new non-pandemic era. there is a lot of talk about how much the house is cutting but actually what the house is doing is eliminating most of the post-pandemic wave of new spending that the administration want to make part of the permanent budget of the united states. if the house cuts occurred the government would still be spending a little more than 2% in real terms of what it was projected to be spending in 2024 before the pandemic, and as i have noted in the ws, since the fed is using higher interest rates to choke off private spending, to try to bring inflation under control if the
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government controlled spending and denied this post-pandemic bow wave from becoming perp meant then the fed would not have to raise interest rates as much, choke off private investment as much, stop private home building as much, and risk an and inflate a recession by raising interest rates to -- neil: to get that stage, senator, you have to have both sides show willingness to get less spending and the brilliance of gramm-rudman, that i thought at the time was that they didn't do that. automatic spending cuts went into effect. i cannot see automatic anything into effect in this day and age. so any deal ultimately agreed on might be short-lived. that is my fear. what do you think? >> well, i think, one congress
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can't bind another congress. so we're really talking about a little over a year here in 2024 and the first part of 2025 fiscal year where this congress and this president will be in office. when we have an election, whoever is elected to congress, whoever is elected president, will make these decisions. and nothing done here with -- neil: senator, you did manage to do that. you have managed to send one congress to another. it is possible. i always hasten to add to younger people, it's been done. i'm looking at the guy who did it. i'm just not so sure it can be done today? >> yeah. look, it was possible when we did it. ronald reagan was president. the country was coming off nine years of 9.3% inflation rates.
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neil: yeah. >> we were able to do it. i don't think this congress can do it. maybe the next congress could but preventing the carry over of this massive spending of the pandemic to become part of the permanent budget of the country is a very important objective and i hope and believe that there will be a compromise here and that we will raise the debt ceiling but do it where the government is spending less in terms of carrying over this inflated spending from the pandemic. neil: yeah. the more that spending goes the more inflationary it is. so we'll watch closely. senator great seeing you again. >> good seeing you, neil. neil: all right. meantime little hope of that happening right now. that could change. again we follow the whims of these talks and the better they look the better it looks for stocks. not so today. growing fears the closer we get
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♪. neil: during the commercial we were down over 300 points. an and out of session lows over growing concerns we'll have a debt agreement. kevin mccarthy didn't sound super, super hopeful. we'll see what happens with negotiators gathering at the white house for each side to hammer out something. we already know it could affect our debt, when people are trying to line up to buy it. gordon chang with us, "coming collapse of china," wanted to pick his brain a little bit, on china's commerce secretary, minister, i should say, coming to this country to visit i
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believe tomorrow. china used to be a big buyer of our debt, gordon. obviously less sew with rising tensions over the has year. there could be investor revolt including among chinese, other buyers, does that concern you, another side of the tension between our countries? >> i'm not really concerned about the chinese not buying our debt because they're not buying it because of tension with us. i think they have got internal problems, they don't have as much money as they say they have, neil, and they have got real concerns about loans that they have out to the developing world, especially their belt and road initiatives. their foreign exchange reserves i do not believe are as big as they report. so this is an internal chinese matter and that has much more to do with it than for instance, their relations with us. neil: i just wonder, though, gordon, they have been looking at becoming a rival currency of their own right or mingled currencies that would be a
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threat to the dollar, something like a default, god forbid would probably hammer the dollar and might help their cause. what is their thinking on this whole thing? >> their thinking they will inevitably rule the world so you know, this is their time to strike. right now, i think a bric currency people are talking about or gold backed currency won't have a chance to dethrone the dollar. only one nation can do that, that is russ. the euro has some problems, but when you look at eurozone, those countries are very similar and the outlook the way they deal with their economies. the "brics," that invention by analyst at goldman sachs. those countries don't have at lo in common exempt they are not part of the western world and that really means they cannot have a common currency. i really don't see how that would work. neil: it is a little early,
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we'll watch it closely. gordon, thank you for that. meantime before we go to break here we want to update you on reports claiming that up state hotels in orange and rockland counties, including the crossroad hotel, evicted a group of homeless veterans. we have since learned veterans advocates misled local officials. now turns out that was not the case. that those eviction claims were false. we wanted to update you on the story, make sure the record was set straight. more as we get it. stay with us.
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(vo) while you may not be a pediatric surgeon volunteering your topiary talents at a children's hospital — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you give back. so you can live your life. that's life well planned. ♪. neil: rates go up, mortgage activity goes down, that is exactly what happened in the week we learned that a 30-year fixed rate mortgage would set you back to 6.69%. overall mortgage activity declined more than 4 1/2%. kenny polcari on the other issue you maybe should be looking at along with the stock market selloff. what is going on here as you see it, kenny?
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>> well, listen, i'm not surprised, neil, we're see a decline in mortgage apps as rates tick higher it becomes more closely to own the home. what is interesting, we saw it between the two data points existing home sales last week fell by 3.4% but yesterday we saw a real surge in new home sales by about 4.1%, which was 7% reversal from what they had expected, right? they expected it to be down. you could explain that away by saying homebuilders like toll brothers and lennar, they not only build a home but in the lending business. they can buy down rates to make it more attractive for homeowners buying a new home, to get a lower rate, to drag them in. why you saw that diverge new home sales and existing home sales. neil: what is interesting, kenny. one month treasury bill, yield
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5.72%. three weeks ago it was sitting 3 1/2%. obviously that could be reflecting the debt skiddishness, people not wanting to park anything in this case would be madurod in a month. are you worried? that is a instrument a lot of adjustable mortgages are pegged to as well? what do you think of that? >> for sure, that i think will be the next problem, a lot of people with adjustable rate mortgages initially set at low rates and they will adjust higher as we, as they come due. so i think that is a concern that we're not really talking a lot about, but i think something kind of brewing under the surface, that, investors should be aware of. there was a great article in "the wall street journal" talking specifically to your point, investors looking at the high-end corporate bond market for safety. bonds issued by big names, ibm, apple, coca-cola are safer, or at least they think they're safer than a treasury bill because they're worried about
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all this angst everyone is creating over, you know, this coming default on june 1st, which i don't believe is happening at all. neil: got it, my friend. thank you very much. the one in focus we're getting the most volume activity is this one month bill. it seems rather obscure. that is where it is getting attention. >> right. neil: kenny, you're the best, my friend. madison alworth taking a look at target right now, under some, i don't know if you want to call it politically correct pressure but it is responding. madison. >> reporter: hi, neil. so target is facing pushback for some of its pride gear. so much so they now removed certain items from their stores. all of the items are within the company's pride collection. they have been facing criticism online. some of those items include a mug that says gender fluid and swimsuits marked as tucked friendly sold in a female style. there is particular outrage the same style has been made for children in childrens sizes. target told the associated press
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that is not true. target is confirming to fox business they are pulling certain items saying in a statement quote, since introducing this year's collection we experienced fierce impacting team members safety, well being while at work. given the volatile circumstances we're making adjustments to our plans, including removing items at the center of the most significant confrontational behavior. customers we have spoken to here have mixed feelings. >> for me, i feel that, i may not personally buy them or purchase them but they should be available for those that, you know, might want, might want to purchase them. >> its the way they push it on to people which i disagree with. >> reporter: this follows reports from fox digital that target made an emergency call to certain managers on friday in some of their southern locations, to move their pride gear from the front of the store to the back. a target insider telling fox
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digital, quote, we call our customers guests this is outrage on their part. this year it is just exponentially more than any other year. i think given the current situation with bud light the company is terrified of a bud light situation. so like i said, the stores that moved the gear, mostly in the south. the target behind me, they still have the pride gear at the front of the store. target has been releasing a pride collection for over a decade. neil? neil: thank you for that. madison alworth. go to jackie deangelis what they have coming up on "the big money show" 14 minutes from now i think. jackie: good afternoon, neil. the 2024 field is really gaining some structural shape here. we're on the money trail. we're looking at times in the past where the big money didn't lock in the win. it is really interesting stuff. the white house is a no-show for house meeting on gas stoves and larry kudlow, all at 1:00 p.m., but first more "coast to coast" after this.
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he already raised. the $80 million from his last gubernatorial re-election, pour that into the mix, at least 120 million from a separate pac that is raising money hand over fist. that is a lot of dough to begin a presidential quest. lee carter, pollster, ethan berman, loyola law school adjunct professor. lee that is a lot of money for a race that technically begins at least for him today? >> it is a lot of money for someone who dropped in the polls 25 points over the last two months. he is going to need it. he will need to figure out how to spend it wisely. what we've seen from ron desantis so far, he has been a candidate who lost his way. he was very popular focused on the economy, florida blueprint, keeping things open, bringing parents into choice and decisions into schools, all that wildly popular. what has become less popular his war on wokeness, despite the fact many people want to see
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that kind of behavior, many feel he has become too extreme. he promised voters that he is trump without the chaos. what he seems to be desantis with a whole lot of chaos. that is not necessarily working for him. even though he has a lot of money i'm not sure how well it is going for him. it will be interesting to see what he does with his announcement this evening? neil: you know, ethan, history bear as little bit what lee has. jeb bush had similar overwhelming money advantage in 2016. we know where that went. hillary clinton had a five to one money advantage raised in the early days over barack obama. we know where that went. money doesn't buy you the nomination. it certainly can help you toward that, but what do you think? >> yeah, i mean, it is interesting. i actually agree with the majority of what lee just said. money is exceptionally useful. it buys you the ads, the airtime, the events you need to do to build the name recognition outside of the state of florida, but he put on the white boots, pulled them up and tried to slap
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mickey. it is really not going well for him. i think couldn't serve tiffs across the country recognize there are limits to this war on wokeness and, worse he will have a battle against the biggest, kind of bully of all in the primary here and money doesn't beat trump on a debate stage as we saw back in 2016. i mean the money is great but i don't see how he beats the, you know the biggest bully on the stage. neil: still that bully, lee, whatever you want to call him, a lot of voters could get tired of investigation and indictment fatigue. we could see these legal challenges, you know, racking up like planes at laguardia. i wonder whether that is what desantis is hoping for, right? they pile up to the extent voters say no mas, we love but you're not the guy? >> i think that is exactly what desantis is hoping for but i'm not sure that's what he is going to get. one of the things i know about donald trump to be true,
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whatever conventional wisdom applies does not apply to him. 93% of republican voters right now are looking at donald trump and they're saying this seems like a witch-hunt. this seems unfair. 70% of independents are saying this seems ridiculous, this seems unfair. while 66% of democrats are saying this is the truth. it is finally coming out there. he will go down in flames. so what happens? more energy gets behind donald trump because his whole narrative about things being unfair applies not just to donald trump, it also says we don't treat republicans fairly in the public square. he is galvanizing people, when you would think he is losing an edge, he is actually gaining it. neil: we are talking about the money, the race, talking about joe biden, looking at this, you know a third of democratic voter are keener on your two known competitors, should be you worried about that? >> look, i mean anytime that we're looking at a national election, you need to be worried about who the competition is,
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need to be worry about getting your message out. i know i'm talking to a very different audience here than joe biden's base. so in the case of joe biden he has to focus on his core messages to his base. you know, the democrats are excited to see of course trump and desantis go after each other and i will just be blunt here, i disavery much with lee here on this one. trump's legal problems are significant. he was just found guilty by a jury in new york and then he went out and committed what appears to be the exact same offenses the next night on a so-called town hall on a competing network here and, he is going to be in bigger and bigger trouble. jack smith will potentially come down after what we saw in yesterday's subpoenas potentially very significant indictments that will damage him. look the you republicans should be looking for a legitimate, conservative like tim scott to
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step up now, because he is a real candidate but i don't see him going -- neil: it is still early on. he weathered it in the polls. eat than, you might surprise viewers on this network. they might surprise you. what netflix is doing with the password crackdowns after this. .. the chase ink business premier card is made for people like sam who make...? ...everyday products... ...designed smarter. like a smart coffee grinder - that orders fresh beans for you. oh, genius! for more breakthroughs like that... ...i need a breakthrough card... like ours! with 2.5% cash back on purchases of $5,000 or more... plus unlimited 2% cash back on all other purchases! and with greater spending potential,
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>> welcome back to coast to coast, netflix shares moving higher after the streamer said it is cracking on down on password sharing in the us, the company saying this, netflix account is for use by one household, everyone in that household can use netflix wherever they are, on the go, on holiday. in other words, starting now, anyone borrowing a netflix login will have to get their own account or have mom and dad pay $7.99 a month. the streamer has said 100 billion household share accounts which is 43% of the global user base. back to you. neil: we will see how far this goes, meantime, i tried to get these markets back in order and failed with that but maybe you will have better luck. jackie: we will back it up where everyone is wondering what's going to happen with the debt ceiling. jackie: i'm jackie deangelis.
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