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tv   Cavuto Coast to Coast  FOX Business  May 30, 2023 12:00pm-1:00pm EDT

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♪. lauren: okay, nearlier we asked, cats spend what percentage of their life, their lives sleeping? the answers were, 50, 60, 70, or 80%. the answer is, 70%. 70% of their lives sleeping. i wonder much time human beings spend slowlying. i hon necessarily have no idea. look at the markets. nasdaq is still higher. dow is struggling down 123. that does it for "varney & company" on this views, first day of the trading week. "cavuto: coast to coast" now. ♪. neil: now about that debt deal there is this little detail of digging up votes for it, no
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guarranty. while but partisan smattering of left-leaning, right leaning newspapers editorialize in its favor, that does not mean lawmakers will go along with it. six republicans are already against it. we've got one of them. some progressive democrats also have their doubts. pulte capital ceo bill pulte says doesn't be surprised if the drama messes with your stocks. former defense secretary mark esper, the deal he is looking at could already be messing with our security. they are both here. welcome, everybody, i'm neil cavuto. let's get down to the very latest where this deal stands. crucial rules committee session 3:00 p.m. today less than three hours from now. chad pergram own what we're looking at hey, chad. >> reporter: neil, good afternoon. the key is developing the right mix of votes on both sides of the aisle. house speaker kevin mccarthy is trying to sell the package to his side but mccarthy is meeting resistance from arch conservatives. >> we now say we're going to spend less.
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unfortunately i wasn't able to look at all what we spend our money on because the mandatory spending, social security, medicare, that is all off to the side. what we did i element like non-defense that will go below 2022 levels. so that is a very positive. but the other thing we did, we put ourselves on a spending plan. >> reporter: senior gop source says that republicans will have a majority of the majority but not as many yeas as they hoped. that means democrats must pick up the slack. there is a sales job going on there too. >> this was a budget negotiation that now means we won't have a government shutdown in september and so we should put that on the chalk board as things that we got. we protected social security. we protected medicare. we protected medicaid and we want to make sure that we do bring those deficits down. >> reporter: lawmakers are still digesting the contents of the bill. they are also unwilling to weigh in. they first want to see what
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their constituents think, which way the political winds may blow. >> i'm waiting on my constituents to call this morning. we're going to listen to them. i think that is really important. that is part of the exercise of what we do. we're continuing to evaluate things. does it go far enough? there are a lot of people who are concerned with raising the debt limit for a finite period of time for $4 trillion, compared to the spending cuts. >> reporter: the house rules committee today meets at 3:00 eastern. the rules committee is the gateway to the floor for bills. it must approve a rule for the mouse to debate the bill. ralph norman and chip are on the committee. they opposed bill. the gop cannot lose another another republican and still put the bill on the floor? neil: then what maps in the unlikely event, maybe it isn't unlikely? >> reporter: you're stuck. you can't put the bill on the floor. that simple. neil: thank you, chad.
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matt rosendale is one of the key republicans not happy with this, represents montana and represents the freedom caucus as well. you don't like this, why not? >> there is too much spending in the bill. we'll hear technical language about mandatory spending, non-defense discretionary spending but at the end of the day what the people of montana care about, quite frankly the people across america are we spending more money this year, next year than we spent this year? so is the federal government going to spend more money next year? quite frankly this bill is going to do that and everybody talks about compromise, neil. we continually hear that. if we were going to have a compromise they should have taken the limit, save, grow act we sent over to the senate 30 days ago which had all these provisions built into it and then the senate could have amended that, sent it back to the house. therein we would have had a compromise but they didn't.
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the speaker went to the white house and they developed a whole new plan and they brought it back to us and it does not reduce spending. >> now, of course the speaker will argue just the opposite that inflation adjusted terms it is less next year than it is this year. so he will quibble with you on that but are you disappointed in the speaker? >> i'm disappointed in this package. again we spent a lot of time, i spoke with you. we spent a lot of time developing a package that froze spending at the 22 levels. it clawed back out of control biden administration spending on the irs agents and student loan redistribution program and $1.2 trillion of subsidies going to go to new green deal projects. we had taken a lot of time to do that, and, we put a 1.5 debt ceiling increase or march 31st, which would have given us the opportunity to develop the appropriations bills later on this year and then see what kind of debt ceiling increase that we would need to go into next year.
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but to take all of that, gut it out, then put a blank check in front of president biden which is going to be upwards of four trillion dollars, the american people will not accept that it is an insult to the american people. neil: so congressman, with you, you were among the first, there are six clear no votes among republicans already, the speaker is behind the eight ball because he couldn't afford to lose anymore than four of you. are any of those six you know of, including yourself, sir, of the opinion that the speaker has let you down, that you should question his authority to be speaker? all it takes is one of you to say you're not longer speaker. >> i think right now everyone is really, really focused on making sure that we address the debt ceiling in such a fashion that it responsibly funds government. that is what we're focused on, that is what we've been focused on the last three, four months,
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that is is primary goal. we delivered a package to the senate. there is knobs ought sly are no reason the senate can't take that up. neil: for now that is not happening, you know this better -- >> we got a back up plan. neil: if this goes through and does pass, gets passed in the senate, not that the pack right now you don't really want, are you going to claim any retribution against the speaker? >> neil, my focus is completely responsibly funding government right now. that is where i want to be. neil: got it. congressman, thank you for taking the time. we'll watch closely. matt rosendale of montana. could be integral player as days and weeks go forward. we don't have a lot of time. bob doll joins us crossmark chief investment officer. bob, with the exception of the dow fallout most of the markets are holding up pretty well. you could argue much of the pinch in the dow is other
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distressing economic news but having said that, the markets don't to think this might be barely passed but it will be passed. what do you think? >> i agree. there's, we know it will be a lot of ups and downs between here and the final vote but the markets are assuming that folks will get there, we'll get this thing over the line. it is my supposition, now. look the bill is not perfect bill for anybody. the right and left are complaining that is the best they could given the time they had, to get this started. we need massive budget reform, that will not happen before june 5th. neil: if you think of this addresses 15% of spending, discretionary part. it doesn't go a long way addressing towards fundamental issues. >> exactly. neil: that is a kick down the
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road thing. how is wall street handling that? >> looking the other way, focused on other issues. look, it is like i want to quit smoking, i'm smoking three pack as day, i cut back to two. should i feel good about that or not? that is kind of what this deal is about. it is just a small piece of the budget as you point out. neil: let me step back to look at, we have consumer confidence numbers the lowest we've seen in six months. there is concern the consumer will peter out after the busy travel season. we haven't seen that happen yet. coming fall we have other issues. how does the fed handle that? how doesn't investors handle that? >> i agree with you, the economy, and particularly the consumer and to some degree the labor market has behaved better than most of us thought by the end of may, back on january 1st. so i think that the cracks that we're seeing, we're going to see more of them for those of us
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that are on the more concerning side. the bulls had it right so far as you know but i said it a hundred times, raising rates from zero to five% in 13 months has consequences. we probably have more of them to be seen neil, that phones some impact on the economy. neil: more interest rate hikes. do you think one is coming next month? >> i'm sorry, more, impact from what's already happened. neil: got it. >> i think the fed will take a pass on this meeting t might just be a skip meeting. it could be we'll wait to see the impact. i don't think they will raise them although i know the probability in the futures curve moved up lot for another increase. neil: so, certainly you're not in the camp that says by the end of the year the fed will be cutting rates, you don't see that? >> i don't see that unless you will give me some wonderful inflation news over the next few months. it seems to me it is not going tock anywhere close to their
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target of two. neil: as for the banking situation that has been laying low, not too big of a problem, doesn't take too much for it to recycle again if depositors get nervous, credit downgrade in the wake of potential debt deal, something like in 2011, what do you see there? >> yes i agree, that is still a risk out there, neil. the provision that the fed's provided where i could take my 90-cent paper to the window, get 100 sents on it, that certainly helped but there is still a lot of money out there on balance sheets where the assets don't match up. i think there is more substantial risk in the financial system as a result of what you said. neil: always love having you, bob doll, crossmark chief investment officer. >> thanks. neil: a lot of factors at play simultaneously. we'll keep following that. look at right-hand side portion of your screen. the dow is not the story, the
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dow down two thirds of a percent, doesn't help with nvidia comes out of the gate with a trillion dollar concern. technology looking fine. stocks economically dependent not so much. meantime mark esper, former defense secretary, not too keen on something else everyone else in the republican party seemed secure on. secured defend spending. if you look at inflation adjusted numbers he is anything but. that is next. and unforgettable scenery with viking. unpack once, and get closer to iconic landmarks, local life, and cultural treasures. because when you experience europe on a viking longship, you'll spend less time getting there and more time being there. viking. exploring the world in comfort.
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neil: we're told in the latest budget deal defense was spared the axe. marks esper actually crunched numbers as a former defense secretary would. he says that is not the case. inflation adjusted terms it is still a cut. kind enough to join us now. mark, good to have you, the fact of the matter, everything is cut in inflation adjusted terms, even allowing for 2% increase with inflation running triple that, you're actually, you know, getting priced out here so that is a feature you don't like? >> yeah. look i think it's good we have a potential deal that would avoid default. that would not be good for the u.s. economy and by extension would not be good for the united states national security but on the other hand when i see built into it a cap on 3.3% for this
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year which is inadequate to begin with, that is proposed by joe biden because we're currently at 5% inflation. so you lose a couple points there. then by fy-2025 if the report something accurate it would only allow for a 1% increase. again we don't know what inflation will be. i have argued now for several years, when i was defense secretary, secretary of the army we should have three to 5% annual real growth. it is all the more important now. hot war in europe. we have a cold war brewing in asia. we need to transform our military and make sure we can deter war or at least be prepared to defeat any adversary that challenges us. this does not cut it for me. neil: to buttress your case, sabre-rattling north korea to base satellites, south korea, north korea raising to do the same thing and separately china declining an invite to meet with our top military personnel even as it is open to a meeting with
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elon musk. what do you make of all of this? >> oh, don't forget we have iran out there who we understand continues to work on its nuclear program and there have been no talks for what, a year? we kind of lost track of that one. so the world continues to be a dangerous and complex place. we certainly have to account for the taxpayer's funding and make sure did. od does everything it can to get rid of wasteful spending and look, at the same time, the republicans are right, we have a debt that has grown way too large, $32 trillion. the interest alone on the debt is 400 to $500 billion, more than half of what defense spending is. we need to get that under control but going bit this way by sacrificing defense at a time of these urgent national security challenges just doesn't make sense to me. neil: i don't know where this will end up, secretary, but it is possible that now with six no republican votes this thing could sink if there aren't a lot of democrat votes to make up for
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that and kevin mccarthy, his days could be numbered as speaker, what do you think of that? >> well look, again it's good that we have a plan put forward that would avoid default. we should not have a default. there is some good things in there with regard to policy items i think speaker mccarthy got along with his republicans. frankly i think we should go back to the normal appropriations process. this should be work the out in an annual funding bill and allow all the parties to work it out, not do it in this cliffhanger approach where we threaten default on our debt. neil: your former boss, donald trump, mentioned default as an option for republicans if they don't get spending reductions out of democrats talking about at cn. in a couple weeks back. what do you think of that, default is an option? >> i don't think default is an option. you don't play with the faith and credit of the united states economy. given how important it is to the
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global economy would cause a lot of pain to the world and americans as well. republicans are right. spending is too high. we must get spending under control. this is not the way to go about it. certainly not the way to do it, tying your hands next few years tieing to defense spending. we have ukrainian conflict beginning in days or weeks. we don't know how that will go or turn out. we need to pivot quickly to provide our warfighters what they need to maintain america's defense and support allies abroad. neil: doctor, secretary, good catching up with you. mark esper, former defense secretary under the last administration. meantime i want to go to alex hogan in lond don't. we were talking about china, alex, now their aggressive plans for a crude mission, a fully staffed crew on a mission to the space station. i didn't mean to every per it
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was a crude mission. that is getting a lot of attention. only china. >> reporter: neil, large crowds gathered outside to watch the lawn of with the chinese air force saying it was fully successful launch. look at video took place early this morning with this send-off of astronauts in there. three of them the 16 spacecraft took a crew of three people headed for for a decision, one of them is a civilian. this is the fifth manned mission for 2021 to the chinese space outpost where china announced plans to expand even further that spaceship later today, successfully docked at station which took at about six 1/2 hours. the three-person crew will stay at this station for about five months. they will briefly overlap with the current crew who have been there since november. this big takeoff today follows major news just earlier this week with china announcing that it plans to send astronauts to
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the moon before the end of the decade. china of course is not alone in this. it follows the u.s.'s hopes to send astronauts to the moon by 2025. this is through nasa's artemis program. apollo xi was the american spaceflight that landed back on the moon in july 20 of 1969 more than 50 years later these are drawing a lot of parallels between the u.s. and soviet union especially with tensionss rising between washington and beijing. another completely separate occurrence is taking place with ax-2 astronauts currently undocked from the iss, the international space station. they are returning back to planet earth and they should smash down, four of them, four astronauts should splash down by 11:00 p.m. eastern tonight. neil? neil: alex hogan, thank you for that. alex in london on that. in the meantime we'll finally get a chance to see how exactly
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ron desantis plans to spend ault of that money he has, more than any other pressdential candidate as he begins hitting early battleground states. it is not on what you would think and not for what you would think. he has a whole different strategy. we're on it after this. ♪
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♪. >> everyone knows if i'm not nominee i will beat biden and i will serve two terms and i will be able to destroy leftism in this country and leave woke ideology on the dustbin of history. neil: all right. he is going to put that to a test right now. ron desantis, formerly campaign for president of united states will put that huge multi-hundred
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million dollar money arsenal to good use but not in ways as you might think, when you go to iowa. it is about get-out-the-vote, not through tv commercials, literally going door-to-door, emphasizing a good ground game. it worked in the past for a fellow named jimmy carter back in 1976. we'll see if it works here. joining us now doug schoen, democratic strategist, pollster, former clinton advisor. also hadley heath manning independent women's forum president. hadley end with you, i like to begin with you, what do you make of the strategy. it could change, it could be a mix of ads and all the rest. this is a ground game. iowa is particular caucus state that warrants a good ground game. what do you think of that? >> i think that's right. i would like to sigh desantis team, work harder not to differentiate just from trump but the other gop challengers. that is the first and foremost, what he has to do first. he has to establish himself as
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front-runner among other gop candidates to the point where those other gop candidates are so discouraged they might leave the race. ultimately, we're headed for a repeat of 2016 if that doesn't happen. neil: these early states, doug, how do they shape up to you? a god ground game obviously matters in iowa. matters in new hampshire, south carolina, some other states, advertising does as well but does advertising lose its oomph, impact this much ahead of the game? >> no, neil, i think you need advertising to make your case as hadley was suggesting. you need to tell voters through ad, direct mail, online, why you're running, why you're different, from the other republicans, trump and rest of the field and most of all why you will be a change from joe biden. but then the ground game gets the people to turn out in the caucus because there is no point in having a great advertising campaign if you don't get people
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out who say they're supporting you to actually participate. neil: you know, hadley, it's interesting the way this whole debt talk thing is going on the campaign trail. donald trump was famous for saying a couple of weeks ago on cnn, more like three weeks ago, when asked about it, go ahead and risk default. he didn't even add risk default. go ahead and default to send a strong message republicans are serious about cutting spending. you have governor desantis now saying he is not impressed with the debt deal that adds trillions of more debt. he doesn't go so far to say why didn't you just default but this is percolating as an issue here. for how long do you think? you. >> know i think it is going to always be an issue the question of how big the government is what government spending is doing, how the effects of that roll through the rest of our economy. the plight of everyday american man, woman, family is, when it comes to interest rates we're facing, when it comes to questions about housing, how to
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find a good mortgage, how to find a house you can afford. these are questions of course on the minds of voters. when we head into states like iowa, we'll see emphasis on some cultural issues as well. the debate about debt i think can often feel very distant to the average american. we're talking about trillions of dollars. that is very hard to conceive figure. it has nine zeros, a trillion dollars seems ridiculous. but debates children, what is being taught in schools, wokism, that stuff hit as close to home with lot of americans. desantis and others are right to emphasize those issues as well. neil: desantis what if this blows up in both the speaker and president's face? they don't have the votes in the rules committee, they can't get this to the floor, it all goes kablooey, i'm wonder in that event there could be an assault on kevin mccarthy's speakership. i don't want to get ahead of myself. doesn't look like we're there though.
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we could though. how would that fall out on the campaign trail? you. >> know, i think it would probably hurt the republicans almost certainly because it would show that there was ineffecttive government or worse. i don't think it would help joe biden much either, because he too would look like he couldn't get the democrats to participate to make up for whatever hypothetical republican votes don't emerge. so it's basically a plague on both your houses which is why i think biden and mccarthy were able to, at the 11th hour, to get to a deal as they have. neil: you know, hadley, you've been asked this many times, so have you, doing, but again we rely on these polls that show donald trump swamping the opposition right now, consolidating a crowded feel much as he did in 2016 when he was able to pick off the other candidates one by one. is its your sense, hadley, we're
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moving back to 2016 around again advantage trump because of it? >> i think so. maybe less so this time around because trump was positioned really well as a political outsider then. now of course he is someone served one term as u.s. president, less of an outsider. however on the flipside for trump he has proven imself with a lot of conservative voters, in 2016 i was largely unproven politically. his positions were unclear on issues conservative voters concerned about. he made his position with the most conservative voters but there are still a large voting block of gop voters are looking for a non-trump alternative. remember in 2016 ted cruz took home the most delegates from the iowa caucus. there are many voters in iowa looking for an alternative. they will continue to look. depends what they should find. neil: i look a lot of attacked k desantis attack ads.
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a lot of what he did with the debt in the affidavit administration. trillions in debt. do you see how republicans break this down with their ad campaigns? >> i think you put your finger on the real issue, for the last six months trump has run a serious of compelling ads attacking desantis on things like cutting social security and medicare on his background and i think they have had some impact in helping him to increase his support. desantis and, gets back to your earlier question, neil, has got to start attacking trump and differentiateing himself and making it clear he would approach things differently from both the former president and the current president. neil: got it. doug, final word on that. hadley, great seeing you again as well. always learn a lot with the two of you. you talk civilly about and to each other. there is a crazy concept. >> absolutely. neil: much appreciate it. lydia hu following some
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developments right now concerning our kids and getting them to school, albeit later, maybe much later. lydia what is going on there? >> reporter: neil, that's right. we're here outside of ridgewood high school in ridgewood, new jersey, where the high school decided to move the start time from 7:45 in the morning to 8:20 in the morning starting next year. that is 35 minutes later. the principal says he expects this to improve academic performance and on-time school attendance. i'm told students not surprisingly are overwhelmingly in support. it seems like parents are on board with this too. watch this. >> seeing first-hand how our children react to having additional sleep when they were remote learning was a major impact. because, you know you read about it but we actually witnessed how that additional half hour of sleep helped our students. >> reporter: now i'm told that the school community here, the
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faculty, administrators and parents considered the recommendation from the american academy of pediatrics that school, particularly for high school students, start no earlier than 8:30 in the morning but in order too make this change happen the school day will lose about 20 minutes off of its entire day and i have to say, neil, not everyone is convinced that a later start necessarily means more sleep for students. listen to this. >> the concern i have about the delaying the start time is, is that now just going to make kids stay up even later? i think we really, really need to focus on the most important thing, getting the darn smartphones out of your kids bedroom at night at a certain time. >> reporter: now with national attention on recovering from learning loss sustained during the pandemic, addressing mental health issues, there are a growing number of state and local jurisdictions considering adjusting school start times to
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later in the day. take a look at this. it seems this is a bipartisan issue, interest here. new jersey, eight other states are considering bills ranging from texas to new york. california was the first state in the nation back in 2019 that enacted a statewide change to the school start times, starting school later. just recently, neil, governor ron desantis signed a bill that mandates high school in his state start no later than 8:30 in the morning that change going into effect in 2026. neil, back to you. neil: lydia hu, thank you for that, following all of those moving school developments as the school year winds down to a complete finish most parts of the country. in the mean time can't afford to buy some stocks? bill pulte has some help in fact he says it is on the way. he will explain after this. ♪.
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♪. neil: all right. taking a quick peek at the nasdaq in particular right now, running ahead, nasdaq has been on fire all this year of course. it continues to whether we look like we have a debt deal or don't have a debt deal. people say i want a piece of that we're maybe revisiting history, nasdaq will start another tear. it has been on another tear. bill pulte for the people that can't take advantage of that or the money to take advantage of that. bull pulte, the ceo. explain what you're doing here. >> bill, we have three million followers on twitter. my family and i have been fortunate not just in business but pulte homes our legacy business. we made a lot of money. we believe, my family and i, all americans should have act to invest in stocks. what better way to use technology, specifically
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twitter, neil, give stocks to peoples as long as they hold on to it for a certain period of time. u.s. dollar will deappreciate in value. why not give people stocks. neil: how do you do it? how do people sign up to take advantage of this? >> go to @pulte on twitter. frankly, neil, 450,000 people view our tweets last week, that one tweet we sent it out. we got a lot of inbound submissions. we bought mcdonald's for people, bought all kinds of stocks for people. we'll keep doing it. one day, neil, the dow will be at 150,000 points. why shouldn't the averages american be in on this too. neil: they have to make a conpelling case they deserve this. how do you know they are legit? >> neil, like any other charity effort. you will always have fraud, you will always have abuse. i say if we help 90% of people that are honest, have integrity, we have 10% of scams i will take those odds any day of the week. we have a pretty good vetting process, but again you will have
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one out of 10 people who may scam you. neil: you're probably right about that. how do you vet them? how does that process work? how much money or stock equivalent to do you give people? does it depend, does it vary? >> we have a 501(c)(3) which is on twitter t has several hundred thousand followers as well called team pulte w very a full checklist we go through, somebody dying of cancer, we want to see proof they have gone through it, they have had chemotherapy. that is the direct thing. on stock list we have similar checklist. who are people qualified to keep it? frankly neil, as you know if you give somebody $1000 of amazon stock in 10 years that could be significant. and you know, people can pass that on to their kids. so that is what we're trying to do. >> mean while the backdrop of this is erratic kind of economy. very busy when it comes to crammed jets, restaurants and resorts. a lot of people think this is the last hurrah for the economy.
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when you look what is happening on the housing front, a concern that is beginning to hiccup, going back to the pulte home days for you, what do you make of all of that? >> i think, neil, it is a tough time in housing. generally i think it's pretty good market but i think you will see toward the end of this year and next year earnings will come down on a year-over-year basis. it will still be strong but, neil as you know, you have old homes and new homes. old homes a lot of guys have low interest rates on these homes. people with old homes they don't want to sell them. they don't want to sell them. that means the new home market, neil is strong to be frank. new homes are made very well. can last for a long time. it's mixed bag for housing right now. neil: if you had your druthers to invest in homes or stocks, what would you do? >> it is a great question. i'm invested in both to be honest with you. i, there is no other way to say it. i think homes, especially homes
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being built these days i buy for many other homebuilders, d.r. horton, lennar, pulte. we buy the homes. rent them out to people, neil. i obviously have a big position in public stocks. i hate to tell you both, but both are great investments. neil: that was a diplomatic answer. >> a truthful answer. neil: bull pulte, the brains behind pulte capital, ceo. jackie deangelis what is coming up 14 minutes from now on "the big money show." jackie: big show at 1:00 p.m., neil. a deal on the debt ceiling but is it good enough to actual pass before the deadline? we shall see. game on in iowa, 2024, here we come. ceo of and energy firm, canary, he is supporting desantis, not trump, we'll ask him why. more "coast to coast" coming up after this. ♪.
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golo is real and when you take release and follow the plan, it works. ♪. neil: all right, sort of a bipartisan debt agreement that all the major media on the left and the right, almost to a prominent newspaper like the problem with this though you don't have a lot of time to get a deal done and with more than
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half a dozen republicans not keen on this despite the fact left-leaning, right-leaning newspapers this is not that bad, that either side can say there are problems with this but they got it done and didn't sort of cave to their extreme elements. douglas holtz eakin joins me, former congressional budget office director, overall brilliant individual. he does understand money coming in, money coming out, which is probably why they had him running the cbo. doug, i'm beginning to wonder whether we're getting ahead of i don't know our budgetary skis here. this is not a done deal yet, is it? >> no. the imperative has been to avoid impairing the full faith credit of treasurys and until this deal passed the house, passed the senate, signed by the president that remain as risk and the downside as you well know is tremendous there and something that needs to be avoided. so i think a big vote count is needed in both the house and the senate to make sure this gets done. neil: when these come up in the
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past and you've been through a couple of these yourself you do need bipartisan support. one party cannot pull it off. >> sure. neil: even when ronald reagan enjoyed huge advantages, what he would call bo weevil democrats to get bipartisan support for tax cuts, et cetera, but this will really require that right now. it looks like with six republicans definite nos, maybe more, they're going to have to make this bipartisan. can they? >> yes. i mean i think when a lot of republicans look at this, they see things they don't like, that's a feature, not a bug. the things that they don't like are things that democrats will find more attractive. that is how you get enough votes to get this through the house, get it through the senate, get the president's signature. bipartisan legislation is always less than satisfying. in the process of bargaining you give away things you really, really want and you don't get everything you want. i don't think anyone looks at this bill say, wow, i dreamed of
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this. they say, this is important to get things done. we need to come back and get more. neil: do you think kevin mccarthy given the fact that some of his more conservative members, some were very upset, all they need is one angry congressman or woman to turn it on him and his speakership could be in danger. do you see that happening? >> i don't know to be honest, neil. i'm not inside of the republican conference but you know, we all know the mechanics here. only takes one person to sort of, call for a vote to vacate the chair. so that is a real risk. i think the risk is if someone feels they were misled. from the beginning i think it has been clear that the most conservative positions in the house were never going to make it through the senate, were never going to be in the final bill so no one should be surprised by this everyone should expect for the past couple weeks. neil: you know, they have got provisions in there to hold spending one year, two years, apparently all these provisos to
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make sure they do but i actually took a little bit of a look at these requirements. they're easily bustable. kind of like my diet commitments. i could blow it any day. the only one i'm punishing is myself. how do they stick to this? >> a congress can't bind itself. it never works. congresses love to pretend they can put teeth in something, promote pain in themselves, when the moment arrives, they change the rules, pass through law, so in the end congress has to want to control spending. the way it happens if voters tell them you need to control the spending. i think americans are starting to wake up, realize, not in the annual discretionary decisions but especially in the large programs that run on autopilot we have a major problem. it's problem that endangers the fiscal health of the government, the future of the economy, thus our children and the next generations that needs to be dealt with.
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we'll hear a lot more about that in the course of next few years. we have an election coming. hopefully voters will send people to washington only if they are dedicated to getting that spending under control. that is what is needed. neil: all right. we'll watch it, doug. thank you very much. douglas holtz eakin own all of that remember, 3:00 p.m. today, three hours from now the rules committee meets and has to leave that rules committee to get a vote set up on the house floor. 72 hours to digest that. a lot will wrap up soon. it is not clear it can clear a committee to make it happen. so far it is not a guaranty it will. ♪. the new dexcom g7 sends your glucose numbers to your phone and watch, so you can always see where you're heading withtht fingngsticksks dexcxc g7. so easy to use, you can manage your diabetes with confidence.
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>> you can't live in the world unless you become a human yourself. >> is that even possible? >> it's what i live for. dirksen senate office building 8 the little mermaid took and a lot of cash over memorial day weekend, the fifth best open for memorial day weekend at $170 million. i was looking at disney's track record of remakes of animated classics and it is a mixed bag. the lion king grossed, a sequel off of the classic,
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$1.6 billion worldwide, beauty and the beast 1.2 billion. aladdin 1 billion, christopher robin, no idea. dumbo no idea. for the most part when disney put its heart and soul into making a remake of an already established classic especially real action classic it could roll the dice but it worked out for the magic kingdom but they are seeing if they can doing something on ron desantis, they are not pleased with him. the dow down 122 points. that's where money is gravitating. let's not worry about a debt deal collapse. c-span: they don't make them like they used to.

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