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tv   Cavuto Coast to Coast  FOX Business  May 26, 2023 12:00pm-1:00pm EDT

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stuart: here is the question. all right how many people visit arlington national cemetery each year. susan? >> 3 million. >> 3 million too. stuart: i'm going with 7 million the answer is? 3 million. >> oh, yeah. stuart: that's ifolks. time is up. "coast to coast" starts now. ♪ ♪ neil: oh, where have we gone since kelly clarkson "since
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you've been gone" that was a huge hit back in 2005 and do you know what else was a big hit in 2005? the economy for the year growing at a 3.5% clip about three times what it's growing now but something from back then has not gone. the urge to splurge is every bit as big then now as it was back then. consumers vacationing like it's nobody's business, maybe because they've had it with just business. spending very big on airplane trips back then, even more now. crowding highways and roads in staggering numbers then, even more staggering now. hotels booked, resorts over booked. airports packed, restaurants packed, broadway shows packed then and now americans not only venturing out, it seems like they are breaking out. back in 2005 it was all part of an economy that wouldn't let up. nearly two decades later about the only part of the economy that is holding up. it is time to hit the road, my friends. we report on the travel part.
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you decide whether you are taking part. we don't know if today's rally had anything to do with the stunning travel numbers, probably more likely reports at least on these dip talks that some stock buyers really hope could mean a deal and soon but let's just say both of these developments, well they don't hurt. well, good to have you i'm neil cavuto. let's get right to it with alexis mcadams at newark international airport on memorial day weekend, that could be one of the record books, alexis? reporter: hi, neil. yeah, its been a little bit busier in just the past half hour or so. things pretty much picking up. just about now they are expect ing though crowds to continue and people to continue to gather at these terminals all across the country. not just here in the new york area but at several other busy airports take a look at the video it shows you what the we're seeing across the country. the memorial day weekend is on track to be the busiest at airports since 2005 and nearly 3.5 million travelers are expected to fly to their
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destinations. among the commercial airlines united predicting this memorial day weekend will be its busiest in more than a decade. >> now that we're in the post- pandemic era people want to get back out there and wanting not only travel across the u.s. but international travel is also up significantly. triple a is reporting more than a 200% increase in international travel, compared to 2022. reporter: the tsa has been preparing adding more staff and facial recognition scanners in some airports to handle the travel surge as the summer travel season follows a list of recent disruptions, you might remember these issues over at southwest that canceled more than 15,000 flights around the winter holidays because of technical failures, and the department of transportation has initiated new rules that require airlines to compensate passengers and provide free re booking if they have caused major delays or cancellations. also, this week, the biden administration launched a portal for passengers to submit those claims, and transportation
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secretary pete buttigieg says that this is going to be a test to see if they are ready. listen. >> this weekend will be a test of the system, and i think all of us have airline stories from last summer and the disruptions that took place then, cancellation and delay rates were at unacceptable proportions last year, and it's important that that not happen again. reporter: and one of the other major issues, neil, is the faa says they do not have enough air traffic control workers at the airports across here in new york city which could lead to major disruptions across the country but over my shoulder nothing too big to worry about at newark. back to you. neil: yeah, get a little worried when i hear about air traffic controllers. hopefully they will work through that. alexis, great job. thank you very much. alexis mcadams at newark's liberty international airport. let's go to brett keller of priceline, the ceo there very good at following the numbers and how much things gone up year-over-year. inflation very much alive and well in this part of the economy
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the difference, i guess, is that people are paying more because they obviously want to have fun, but spell it out for us. how does it look? >> yeah, consumers want to prioritize travel and they are prioritizing that as one of their purchases. in fact we surveyed a number of american travelers earlier in the spring and found that 85% say we're traveling this year, we're willing to spend up to $2,000 on our trip and they are paying that. in fact domestic prices have been up year-over-year in double-digits, leading up and to the last couple of weeks but we're now just starting to see prices even out and even come down a little bit for the summer especially for flights, domestically. if looking at international travel, you will pay more to fly versus last year. prices to fly and to stay are up roughly 10% year-over-year for trips overseas to europe and asia. neil: how does it breakdown, there are more americans focusing on domestic travel? i know foreign locations are still a draw. cancun, mexico i notice is still
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a draw. london seemed to be a draw but the bulk seemed to be in the united states, for american fliers. >> yeah, that's true for the most part. consumers are absolutely looking for both entertainment and relaxation so big markets like orlando and las vegas, top the charts. that's where a lot of travel is happening this weekend as is big cities, so big cities who are not quite as popular a year ago but now moving back to chicago, new york and other markets where there's entertainment for people overseas, it's all of the hot european capitols, right? london, paris, amsterdam, and in asia it's japan and thailand. those are big markets where consumers are prioritizing travel but paying a lot to get there. neil: what about china? just curious. >> yeah, china has not been a large market for u.s. travelers. neil: interesting. you know, we hear they are willing to pay up for some of these destinations, and some of the package deals you get through hotels and the like, hence these booked
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establishments here and i know priceline tries to help people deal with that but there's only so much wiggle room you have, right? >> well you'd be surprised. there's a number of ways in the market today to get a good discount and packaging is one of the best ways to do that because hoteliers in any time of the year still are only filling up to 65-70% of their rooms which means 30% are unused so they use channels like packaging to discount more heavily to not disrupt their retail pricing, and so through a package you can get access to these deals you wouldn't normally have access to so a great way to save money on travel. if you're just looking for an airline ticket, there's other ways to save money. fly out on one airline, fly back on another. that's on option offered by price line. neil: and you do better with that rather than round-trip on one airline? >> you can, yes. in many markets you can save on your ticket by mixing and matching because it gives you access to a lot more inventory
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because airlines have cut back on a number of routes. it's hard to find always when you've got to take a connection it's harder to find cheaper prices without taking that strategy. neil: we'll see how it all sorts out but looks like it be a record breaker, in terms of back to 2005, but the price line ceo, good seeing you happy travels yourself. jay monara weather wise and what we're looking at particularly in popular destinations like southeast particularly, florida, where i guess, jane, it's pretty wet out there. jane by the way is a fox weather meteorologist extraordinaire. so how does it look, jane? >> if you are a beach go erin florida the weekend is looking out but if it's anything like the last couple of days we have seen showers and thunderstorms completely soak the sunshine state. the biggest story for memorial day weekend is this coastal low that's developing. i'll get to that in just a moment but this cold front has been charging across the state and it will bring in more shower s and storms today. mostly along south florida, so miami beaches, fort lauderdale
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where we do have isolated threat for severe weather today, heavy rain, lots of lightning and thunder. so be aware you might have to find indoor activities once again but by tomorrow, on into saturday and sunday i do think we'll see much more sunshine. jacksonville we lose the rain as we are soaked today, back into the 70s and 80s by your sunday, so it's looking up, but unfortunately, for our friends in the carolinas that's not the same story. that coastal low developing is going to take a lot of the moisture and shower activity from florida and funnel it up into myrtle beach, wilmington, you can see showers just beginning to start here, but before all this is said and done , into memorial day weekend, we are expecting three to five inches of rain in the coastal beaches from say myrtle beach to wilmington. this could lead to some flood concerns. you can see on our fox model have it all continues to come togetherment timeframe friday to saturday is the worst of the coverage of heavy rain and showers as far as thunderstorms go. it moves inland as we go into
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sunday, that's going to spread more rain out towards places like charlotte so pool chyme could be ruined in the mid-atlantic but flooding concerns along the coast is our biggest watches as we go into the start of the weekend. sunday looks a bit better. we take a look, you know, some of the winds too. 60-mile per hour gusts. that coupled with rain is going to lead to a really dangerous situation at the beaches, high wave heights could lead to very rough surf, so finding indoor activities staying away from the coast not the best way to kickoff summer but we take a look across the rest of the country. southeast most of it is locked into rain but in new york city we have high pressure and sunshine the jersey shore will be packed, neil. neil: in the north east things look pretty good so we'll see how that sorts out. jane great seeing you and great job with you and your colleagues if you couldn't have the fox weather app i really recommend it. they have this feature where if you're planning a barbecue it'll tell you what the conditions are like. they will go out months and did
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we ever test that? i'm sure it's accurate and great they have great special effects but really, would like that. this , you won't like. if this happened, i don't know if you've seen or heard about a south korean flight where a guy gets up, opens the emergency door, before the plane landed. generally not a good idea. no one was hurt. i don't know how the guy opened the doorman aged to escape getting sucked out or any other passengers. they didn't, everyone landed fine. the passenger was taken into custody. he had no reason why he did this but had to be pretty scary. this was on a south korean flight, 194 people were on board and they had a lot to talk about now, don't they, history made, everyone's okay. all right, in the meantime, everything is okay at the corner of wall and broad. we've got the dow moving ahead better than 301 points a lot of this driven mainly by that travel activity and the sign the consumers are feeling robust but i have to be honest a lot more about "the talk" that maybe just maybe they will score a debt deal. they might be getting ahead of
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neil: all right, you normally don't see this going into a long weekend a lot of people like to hedge their positions don't go long into a weekend because anything can happen so why are we up more than 300 points on the dow? optimism a deal might be scored or announced today. again i stress they might be getting ahead of themselves but go to the ultimate source on these things, chad pergram on capitol hill. chad? what's driving this? reporter: neil, good afternoon. well the president may be away right now, but house speaker kevin mccarthy is at the capitol for another day of talks. the freedom caucus is not pleas ed with what it hears about a possible deal, but mccarthy urges caution until they reach an accord. >> you're talking to people that don't know what's in the deal, so i'm not concerned about anybody making any comments right now about what they think is in or not in. whenever we come to an agreement we'll make sure we will first brief our entire conference so when you go and ask a question at least let them know what's in
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it. reporter: work mandates for people to receive some federal benefits are still outstanding. the gop secured an increase in defense spending but mccarthy would not comment on money specifics. mccarthy lieutenants believe the speaker can deliver a deal for the gop. >> people have really trusted kevin mccarthy. they have seen over the course of the last five months that the commitments he made to opening up the process and listening to all voices have come true. i think that gives him additional flexibility. >> that doesn't mean republican s will do everything we ask for but he's delivering major victories in all three buckets. reporter: democrats will not fill in the gaps for the gop numbers who vote no unless a final deal represents their policy priorities. >> this is a domestic issue. we look like fools around the world and are putting the entire world economy at risk by this nonsense and i'm glad to be amongst the adults in the room, like we're doing right now. reporter: even though there are divides now, the lawmakers who
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could vote yes are in the middle in fact, that may be a fat middle. the sides would lose lawmakers at the margins, democrats and conservative republicans. neil? neil: chad we'll watch it closely. that does seem to hint on the deal where neither side gets everything it wants which is obviously the framework or so we're lead to believe. frances newton stacy on all of this. the optimal capital director of strategy, lou basenese with us the public ventures president chief market strategist. so francis let me ask you about how the markets would react to a deal. we already know the anticipation of one. how would they react once we have one? assuming we will, soon. >> yeah, you've got a couple of tailwinds today. usually markets do go up before a holiday unless there's some, you know, news that would cause them to do otherwise, and despite the fact that we had a pretty hot inflation reading this morning against expectation
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s, markets are assuming that a deal is going to get done. markets have sold off dramatically in 2011 when we didn't get a deal done and the u.s. was downgraded, although they did not technically default, and so i would say that the markets are going to continue to rise on this good news. neil: you know, lou, she was referring to this pce inflation that was a little higher-than-expected but you could just as easy look at the durable goods order report which was also up more than expected in the latest month better than 4% and consumer confidence which was revised up about another 1.5 points. normally that's the kind of stuff good as it is that worries or , you know, confuses markets that maybe the fed will tighten one more time. in fact i guess looking at the june possibility of a hike more and more people are in that camp where are you? >> yeah, no, look. i've been the rodney dangerfield of fed forecasters predicting another hike in june and possibly july for the last month or two, and i think under pinning that has just been
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the strengthen the employment market. we've got low unemployment, ris ing wages forcing the fed's hand. everyone was expecting consumer spending to slowdown. business spending to slotkin and we've just seen exactly the opposite still strength, so this is a real sticking point for the fed. those that expect the fed to pause i think a week ago we were talking about maybe a 25% chance of a hike in june. there was still a chance the market was pricing in some cuts in july, which i think is just nonsensical and then fast forward to today's reading and now we've got about a 50% chance of a hike in june so that's what it is like to be a contrarian. you have to wait for people to come around and the data is coming around to the reality the fed isn't done yet. we've got one or two more hikes to come before i think he really sees the impact of the economy. neil: i don't think the market is ready for something like lou pointed out, francis. he might be right. he's pretty pressing on developments here but i still think the market in aggregate, they aren't anticipating a hike. certainly not in june. i'm wondering what market reaction will be to that because they don't like to be surprised.
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i think they be surprised. >> well, as lou said they are repricing it this morning. even though they are still thinking they are going to be cutting toward the end of the year and the thing about it is this. neil: how can anyone think they will be cutting? that's half a year away. >> well, [laughter] it's true, it's true, but i'll tell you, what it is is a credit situation, right? so a potential credit situation. you get 60% of the consumer that's spending on credit cards and if for some reason they start to fall off on a default situation you've got a lot of commercial real estate that needs refinanced over the summer you still have these assets of all the banking balance sheets even though the fed was successful in plugging the holes in the boat and, neil, microsoft and apple are 14% of the s&p 500 right now, so you have tech on balance sheet safety, because they have very safe balance sheets, lots of cash on the balance sheets, but the rest of the market is notably weak so we do have a few risks left in
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the system. earnings will continue to decelerate as the fed continues to tighten but it's whether or not we have a credit event and that's the thing that's going to take the markets by surprise and those people that are betting a cut are betting something more will happen in credit markets. neil: speaking of a credit event one of the things i hear, lou is this fear of a downgrade. fitch investors already has a negative watch on our debt. that is akin to what s&p pulled off in 2011 when we avoided default, but a few days later they downgraded our debt anyway from triple a. what be the market reaction to that? >> look, i think there will be a nasty reaction but we took that punch on the chin in 2,011, so i think that's really just the threat of that now is what's got politicians coming to the table so i think there's optimism no one is shocked we'll have a deal at the 11th hour in the 59th minute but that was the catalyst because i don't think anyone wants to suffer that egg on your face again of other debt downgrade.
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i don't think anyone really believes a default is in the cards, but a debt downgrade is something that's out of our control if the rating at says do that so i think politicians have tried to regain control. let's get to the negotiating table and get this done before anyone anticipates that debt rating downgrade. neil: that they can't control. >> yeah. neil: got it. >> no, but there is strength in tech right now and i want to make sure that people, this is the most unloved tech market we've seen in a long time. we've seen this resurgence and it's not just hype on ai. you're seeing strong demand in the semiconductor space. its been the leader in this market, and it's up about 30% year-to-date and it makes sense because everything we do, you probably have 14% of your home has chipped in it, right? we talked about the weighting of microsoft and apple in the s&p. there's chips everywhere, doesn't matter where you look whether it's appliances to consumer electronics to wearable s is an underpinning, underlying forever growth trend as i see it, so it's an area of opportunity even in the volatility. neil: yeah, my home is 80% chips
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potato chips but the same thing, pretty much. guys, thank you. have a safe weekend already thanks again. >> thank you. neil: you know, a lot of people are knocking around desantis with his clumsy start with twitter and all that going down. we should all have such clumsy starts and within 24 hours of that his campaign took an $8.2 million. after this. ♪ meet the team... behind the team. the coach. the manager. and the snack dad. all using chase to keep up with their finances. the coach helps save goals here, because she saved for soccer camp there. anddd check this out... the manager deposited a check. magic. and the snack dad? he's getting paid back. orange slicesss. because this team all has chase. smart bankers. convenient tools. one bank with the power of both.
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>> i don't think you you can find a state that's done more in this country in our lifetime to support education and the greater cause of liberty than we right here in the state of florida, but i can tell you this. >> [applause] >> i have only begun to fight. neil: all right that was ron desantis earlier today. he had a clumsy start. everyone seems to think with
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this twitter launch and working with elon musk didn't go maybe as planned, but if it's a failure, of an $8.2 million should prove we should have more failures. that is the money he had raised in the first 24 hours as a presidential candidate. a guy who might have had a significant role joins us right now. let's talk to him about a lot of things, markets, money and all of that and read of things dan e berhart is the ceo and raising money for the florida governor, wants to be the next president of the united states. dan, good to see you again. >> good to see you. neil: what are your thoughts? i mean, i always think that any publicity is good publicity. even times when it's bad publicity, because they are talking about you, and apparently, raising a lot of money off this. what do you make of it? >> well look, i think governor desantis defied expectations and smashed it. that's the biggest reason ever for a presidential candidate in the first 24 hours. biden raised 6.3 million. governor desantis raised 8.2 million. i think it shows look, there's
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an awful lot of donors, big, small, medium size from around the country wanting to contribute and i was one of the folks in the room making phone calls and such yesterday, and the day before and i'll tell you i think that there's a huge amount of interest, a huge amount of momentum for governor desantis and people are going to conservatives are going to coalesce around him now that he stepped into the ring and officially declared, and i think that you're going to see governor desantis gain more and more critical mass as we get closer to these primaries. neil: now you used to do the same for donald trump. obviously you separated there. you still say good things about him as a president, what he did, but this is like now a new generation thing. other donors did similar things to repeat what you have said and done. are any of those donors for desantis though worried about these polls? he's trailing mightily. that doesn't necessarily mean anything, but it's a hill to climb. >> i don't think they are worried about all. i think everyone knows the score
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governor desantis is the under dog here, against donald trump but i would flip that back on you, neil, and say look for an incumbent or semi- incumbent that served in the oval office i think 55% is a really low number for donald trump to have and i think that, you know, when it all comes down to it, i think two-thirds of the primary voters are open to someone new and i think that they are going to choose governor desantis. this is a two-person race. one thing i think the media has really not covered or not said a lot of is donald trump hasn't faced primary voters in seven years, and i think that when primary voters get a chance to pull the lever, for someone in its governor desantis or donald trump i think they go with governor desantis. he's a proven leader in the state of florida and has bigger coat tails for the republican party and is a better chance to move conservatism forward than donald trump. neil: but again it is looking a lot like 2016 where he had a lot of people opposing donald trump and he picked them off one by one through the caucuses and through the primaries.
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could that happen again? >> well, look. it could. anything is possible. i'll tell you this. i think it's more like this. i think it's more like jeb bush is or donald trump is the jeb bush of this cycle. his support is a mile wide and an inch deep and he looks like a front runner with all of these endorsements but at the end of the day voters are going to choose the energy, momentum, and the future they want, and i think that donald trump is not going to be it. i think it's going to be governor desantis. his energy, his track record, and his view for the country is what voters are going to break for in the end. the undecided primary voters are not going to break for donald trump. neil: we'll see donald trump said the governor needs a personality transplant. i don't know if that's even possible, dan, but we'll see very good seeing you. >> good seeing you. neil: speaking of transplants, elon musk is very close to getting fda approval of the study to look at brain implants in human beings. susan li has more. >> he's a busy guy, neil.
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so from the man that brought you tesla, electric cars, spacex and setting rockets into space, what they want to do is want to robotically sew chips into your brain and not only to help those with disease but they want to enhance human ability in the future so think robocop, and these first human tests are an important first step. recruitment not own open for clinical trial just yet, and will announce more information soon they say. musk of course congratulating the fda approval for these human tests on twitter and what it does it will in the future use a robot to sew a chip on to the surface of your brain and will then detect the brain neurons and your thoughts which will be downloaded on to an app that will then control other devices like a keyboard over bluetooth. now it sounds complicated because it is but this company has been around since 2016 and its been testing on animals like monkeys and pigs, this company
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has been in development for decades an estimated 42 patients globe pally have had these brain computer implants and i'm sure you've watched the "60 minutes" pieces with paralyzed patients walking once again. m. i.t. released a recent video of an als patient typing with the help of these brain chips. now, elon musk neuralink has bigger ambitions than just helping those with disease. neuralink wants to surpass ablebodied human performance with our technology and even with elon musk's successful track record, human trials, no guarantee of fda approval. in fact none of these brain implant companies have so far received any regulatory approval s so far but neil, i'll tell you this , that everybody hopes that this project does a lot better than the twitter spaces with desantis earlier this week. neil: we shall see. a lot of technology there. susan, thank you very much. have a great weekend.
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your passions, and the way you help others. so you can live your life. that's life well planned. neil: you know, the real estate business is a cut throat business, but if you're good at it, you know, you can really be making a lot of money here but it is, again, as i say cut throat, so when ryan serhant started in this business, it was tough to break in. a lot of the people dominating that business, so why don't we take you and your fancy suits and ryan proved them all wrong with million dollar listing and trends that he's seeing. i think he's on top of his game here. ryan, good to see you. >> good to see you, thanks for having me. neil: as i'm talking about your fancy suits you're not wearing one today, so i'll have to redo that next time we chat but let me ask you in all seriousness
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about real estate now, because the big concern and maybe the threat i'm hearing from some of your competitors is that pay attention to what's happening with commercial real estate. pay attention to the banks that have a lot of such investments that are right now under water on their books and that's a threat to real estate period. what do you say? >> a think it's a great headline. i'm not so sure i see it that way. i think national office values have come down over $500 billion since covid. that's a great headline, and vacancies are hovering right at around 12-13%. i think it's 12.8%, since the great recession. that is the highest vacancy rate but the big difference that no one is talking about, commercial , is the difference between leased and occupied spaces. so for example, in new york city
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, 84% of all available office space is actually leased but only 49% of it is actually being occupied. it's a big step for us. we just launched serhant commercial yesterday, actually last night, and so people are coming back to the office. they are leasing office space. they want to have an office footprint. it's good for culture. it's good for training. you want to be around the boss, but it doesn't mean everyone's actually coming back to work which affects us on a residential side. neil: but there aren't too many residential properties that go for $250 million. now that's the price of a penthouse at central park tower. >> yeah. neil: i think they are handling that. i'm wondering who those buyers are in this environment and are there fewer such listings? new york is a unique place, i grant you, but what are you see ing? >> well it's not just new york city. jay-z and beyonce spent $200 million last week on a home in malibu. neil: yeah but that's jay-z.
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>> yeah, you've got 3,000 billionaires in the world, 30,000 centi-millionaires, people with a net worth over $100 million, the 36789lutocracy is large and only getting larger to our benefit because they spend a considerable amount of money. neil: has that changed in this environment or do they adhere to the backup in rates, still buying cash? are they cautious now? more suspect? what? >> they are always cautious. most wealthy people that we work with here at serhant didn't get to that position in their life by accident. they worked incredibly hard. last week was one of the highest recorded contract weeks in new york city in a long-long time. we at serhant did $100 million a day last week. a couple of those deals individually were record prices, just in the city, but -- neil: what was so special about last week? what was going on? >> i don't know. maybe i was just in a good mood.
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the sun was shining. people are back. spring is a little bit late this year, and i think a lot of the consumer confidence has started to come back, and it's not just new york city. it's nationally. we just opened in six markets a couple weeks ago. north carolina, south carolina, florida, new jersey, pennsylvania, we're seeing people come back into the housing market. neil: who are these people? you attract a very high, high, high-end crowd. are we talking that crowd or are we talking a larger crowd? >> oh, we work with everybody. i think the media, the headlines , the papers, they like to focus on the $100 million sales, the $250 million penthouses that we sell as part of our signature division which is our high net worth division that focuses on $10 million-plus clientele and properties but we work with everybody. we're doing land sales for $100,000, a lot in south carolina right now. neil: why? >> it's something that i think about a lot is over the last 20 years salaries have gone up 27% but the cost of a u.s. home has
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gone up 148% and it's bound to catch up with us sometime and maybe that time is right now. neil: so on the low end there, i don't want to call it the low end but lower from where you typically make your money, why would you bother with that? >> i'm building the greatest real estate brokerage in the history of the world, neil! i told you that. so, we work with everybody. we want to sell every type of property as we help everyone find their perfect home, their perfect land plot to be able to build their perfect home, our rental division is incredibly strong. average rents in new york city right now alone are averaging about $4,200 which is an 8% jump from last year. neil: but are they getting the same attention as the $250 million penthouse purchaser? >> of course. of course. there's only so many people that can afford a $250 million penthouse. there's a lot more people that can afford a $500,000 home. neil: true. >> a $250,000 home, closer to our national median.
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neil: got it. ryan, very interesting, good se. they didn't give him much of a chance when he first started out take a look at him now. all right take a look at brian brenberg now, once a professor, still a professor, but now an international tv star with two others on "the big money show." who do you have coming up? brian: i'll pay you for that intro later, neil, happy friday, sir. 2024 candidates heading to iowa to make their pitch including vivek ramaswamy will be with us and days until default. some are saying this could actually cost biden his democratic nomination. we'll see , but first, more "coast to coast" after this. ♪ ♪ ♪
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neil: in new jersey, we have a reputation for a great war between taylor ham and pork roll usually we let you call it what you want, but since we have a superstar coming to town, we know all too well that we should commemorate the occasion, so today, we are declaring the
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official state sandwich of new jersey a taylor swift ham, egg, and cheese. neil: all righty. within minutes of hearing this , taylor swift started suing the state of new jersey. oh, i'm kidding, but i don't know if taylor swift doing these big shows whether that be the honor, maybe governor phil murphy wants but joe piscopo is in that high society club joining us right now the former snl cast member and by the way from 80-84 i believe was roughly the period he was one of the best-ever in that cast. haven't seen you in a long time, joe. it's good to see you. >> good to catch up, neil. it's nice that the governor is talking about taylor swift and not taxes, tolls, not traffic congestion. god forbid, give me a break on my property taxes. governor keep the sandwich, you know what i'm saying?
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neil: [laughter] i guess she has three shows beginning tonight, at metlife stadium there, so tens of thousands. they are all sold out. ridiculous ticket prices as people bid and rebid of these ticket prices so when you come to town i know it's the same deal. this is getting off the charts incredible. what do you make of it? >> you have no idea. we have been on the radio all week, so and i'm talking to my team. i'm trying to get tickets for my daughter. my 12-year-old daughter. she wants to see taylor swift so her mom calls. i saw the prices. they are 20 grand. neil: incredible. you found it as low as 20 grand? >> yeah, 20 grand upfront for frank sinatra, sure, but i've gotta tell you. taylor swift, you gotta love her that's like 50,000-plus and more , three nights in a row we applaud taylor swift. that's great. she's a great talent, but and
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now, i'm getting like the cheap seats are like thousands and thousands of dollars. neil: yeah, but you know her. the difference is, joe, you know her. you've been with her and you know her and that's not doing anything, like when was this picture taken? >> you know, when you last got me on the snl reunion remember they weren't going to let me in and i remember that well about five years ago. taylor was great. the look on her face is like i have no idea who this man is. that's what that look meant. neil: oh, stop that was great. >> listen. that's what my daughter's mom said. well you know taylor. i'm not going to call taylor. i can't, i can't do it. so you know, daddies going to do it, baby. neil: [laughter] now is she going? did you get her into any of these shows? >> well, yeah. i think we're going to get her to a show but i have to tell you
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she's so respectful and such a good kid. you know me with my children and new jersey as i always tell you i have a child at every exit. neil: [laughter] you are too much. just the humor alone will do it, but let me ask you a little bit. bill murphy turned out and leaves in a couple of years, i don't know what you think but taxes have gone up and the state is now running a deficit but along comes chris cristi, his predecessor, who seems to be entertaining another presidential run. you knew chris cristi very well. he's going guns ablazes right at donald trump and at the same time, ron desantis. what do you think of all of that >> well, chris cristi is in your face politics. neil: absolutely, you're right. >> right. it was oh, my gosh, you know, shut up and sit down was chris cristi, you know? and it really struck a chord with a lot of new jersey
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in a positive way and donald trump went and did it and they said look how brash donald trump is but we've seen this all before but the thing is if chris cristi goes in and he's not holding back. he's on fire, he's well-financed we don't need upset. we really don't need, like it's going to be great politics for you on tv and for me on the radio, it'll be great for us , you know? but it's going to be the war is about to break out if he goes in neil: i'm just wondering too what you make of that, right? you talk a lot about on your show and have many many candidates and we'll have many more. i'm just wondering if we're looking at 2016 all over again, a crowded field that trump just sort of picks apart. >> yeah, i think so, but i'll tell you what is going to clear out. i'll make a prediction on the neil cavuto here on fox business is that donald trump of course, ron desantis will be up there. i know he's on later on fox business but vivek ramaswamy. this kid is a superstar.
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as soon as he went off the air my mic was open and he left and i said to the audience i said that guy should run for president and he's got answers. he doesn't complain, and he's got answers so i think it's going to widdle down more than you think, but you know what? it's going to be fun. its got to be fun and if christy goes in god bless him, because let's just let it all, you know, hang out and so we can make a change because we need to make a change, neil cavuto. neil: well that's why they wanted you to run your governor. always good seeing you, you're a real gentleman, really, and he encourages discussion and adults treating each other like adults. he doesn't take kindly to people who don't. that's a lost art. >> i learned from you, mr. cavuto. neil: i wish that were true. joe piscopo, we'll have more, after this.
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if you are one of those folks hitting the road you want to hit the road early. >> we left at 3:00 in the morning, tried to avoid the new york traffic. we stopped here because we want to go through new york and stop. make sure we don't stop during rush hour. most of the time most expensive is the gas. >> reporter: that one van there were 6 people. they are paying for gas but save on hotels and food. you see the traffic has already started. drivers know all too well this weekend always means a lot of traffic but there's no blank spaces, we are dealing with memorial day weekend and taylor swift traffic. neil: now to brian brumenberg.
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brian: it sound like the

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