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tv   The Evening Edit  FOX Business  June 1, 2023 5:00pm-6:00pm EDT

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larry: well, apologies the claudia tenney, we ran out of time. but conservativism is getting cool again, and that's greatest thing of all, and nobody is cooler than liz macdonald which is why you have to the watch the show coming up. elizabeth: if you say so, larry, i'll be cool. i'll stay cool. okay, thank you. breaking news, let's get right
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to david spunt live at the white house. house gop law makers threaten to to hold director wray in contempt for not turning over that subpoenaed fbi document. david, what's going on? >> reporter: hi, liz. it's a very nuanced fight between the fbi and congressman comer and senator chuck grassley. congressman comer's office, chairman of the house oversight committee, says that he will go to the fbi headquarters on monday of next week and view this 1023 document. fbi director christopher wray is holding firm saying you can see this document, but you have the view it at fbi headquarters many a secure location because there are some sensitivities on document relating to sourcing that the fbi does not want out there in person. however, chairman comer and senator grassley say that offer is not good enough. they physically want the original document in their hands. it's a 1023 it's used when someone comes to the an agent and wants to make an allegation
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or give a tip. that tip may prove to be true, it may not. this specific document allegedly containses a claim that then-vp biden accepted a bribe for a policy decision. senator chuck grassley says he's seen a copy already but is still pressing forward for more information. listen. >> i read it -- let's put it way, there's accusations in it. but that's -- it's not for me to make a judgment about whether these accusations are accurate or not. it's up to my job to make sure the fbi's doing their job. >> reporter: now, while grassley says he wants to to know what the fbi did to investigate the allegation on paper, the subpoena is only for the document. it doesn't have a request for what the fbi did to investigate. now, the fbi has previously anticipated again, liz, it would not physically turn over the document. the bureau also added many in a statement the fbi has continually common straited its commitment to to working with the committee the accommodate this request from scheduling briefings and calls to now allowing the chair to review the
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information in person. that coming from the fbi. but the latest news, we know that chairman james comer will head over to the fbi on monday. he still says he's moving forward with contempt charges against fbi director christopher wray because he wants that document physically in his hands, the original document, on cam toll the -- capitol hill. worried about redactions, but a law enforcement source tells me there will be minimal redactions, just to block out the source because the fbi would never turn over source information for any 1023 on any case in the matter how high profile or low profile. liz? elizabeth: david spunt, great reporting. thank you. let's bring back to the show former white house press secretary the, cohost of fox use' -- fox news' "outnumbered," kayleigh mcenany. what's your reaction to that report? >> my reaction is the fbi should turn over the documents to the james comer. he has jurisdiction over it.
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as comer said last night, just take out the name, take out the exposure of the confidential source. but we, as congress, are entitled to this document. he was told it would be redacted when he viewed it in private, we will see whether those redactions are minimal or not. but i'm glad to see comer saying we'll hold you in contempt of congress, remember that they did to people on the trump side of the equation, they did just saw.. i'm happy to see -- just that. i'm happy to see the same tactics here. elizabeth: the white house is saying this is a political stunt, a charade. then there should be no problems in releasing the documents, right? let's watch nsa spokesman john kirby leave the podium after this question. watch this. >> there's one committee trying to get an fbi file alleging that president biden took bribes, there's another irs whistleblower, amid all of this there was a harvard-harris boll
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that found that 53% of public including a fourth of democrats believe, quote, joe biden was involved with his son in an illegal influence-peddling scheme. what do you say to the majority of americans who believe that the president is himself corrupt? if. >> the president has spoken to this. and there's nothing to these claims. and as for the, the whistleblower issue that you talked about and the document, i believe the fbi has spoken to that, and you're going to have to go to them on that. >> all right, let's go. elizabeth: you're going to see him leave the podium. he's saying ask the fbi. the fbi is turning it around, not answering questions. you know, there are at least 20 the government whistleblowers. this fbi whistleblower included. it's the irs and fbi whistleblowers saying there's malfeasance going on in the justice department. can't they just say here's the document and rebut it? why all the mystery about it?
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>> yeah. i've got -- that document should be seen, but i've got to address what kirby just said because i thought that the justice department was independent. i thought there was an investigation into hunter biden. i thought they didn't prejudge outcomes. well, it appears that they do, which is why that response was totally unacceptable. there have been nine biden family members who have received money from multiple foreign countries, 20 the llcs in this complicated scheme. we know romania made 17 payments to the biden family, 16 of which were while biden was vice president. so there needs to be an investigation into this. a thorough one. republicans are doing it. but kirby is only allowed to get away with responses like that, because after all the revelations about the romanian business dealings, "the new york times" headline was house republican report finds no evidence of wrongdoing by president biden. instead of actually digging for themselves and doing an investigation if -- elizabeth: well, it just seems
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there's a lot of smoke and potential fire under story. i mean, we have had a new development. house oversight chair james comer told us on "the evening edit" last night there's another allegation of another biden family bribery scheme with another foreign country. watch this. >> this is consistent with the pattern that we've found with joe biden when he was vice president leaving a country of after presenting a foreign aid check, soon afterwards his family started receiving money through shell companies they created that was then laundered down to biden family accounts. i have -- the one earlier where the vice president left the country and then money went to the family was romania. i haven't yet disclosed what this new country is, but it's another country. elizabeth: what do you think? what's your reaction to that new allegation? >> another country. i mean, i'm not surprised. we know china, you know, president biden said my family never received money from china. oh, wait, his family did receive money from china. that was not truthful.
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now, it does remain to be the seen did any of this this go directly to biden, you know? who was profiting from these llcs. but there's one thing we know unequivocally, the biden family got rich if from foreign countries, and what skill set were they offering to these foreign countries? we know hunter biden wasn't offering a ton -- elizabeth: yeah, why were grandchildren getting payments. is this why biden is taking himself off the campaign trail, why white house is keeping him off the campaign trail? because, you know, we've got bud cummins, a former federal prosecutor, five years ago he first reported bribery allegations to then-new york u.s. attorney jeff berman in october 2018 claiming he had evidence that then-vice president biden had exercised influence to protect his son's ukrainian employer. is this why biden is off the campaign trail? one of the reasons? >> partially. because, you know, i think partially because in the aftermath of comer's explosive press conference, the press got a chance to gaggle, meaning ask
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questions to joe biden, not a single question about this. so i think that they feel a degree of insulation other than really good reporters like we just watched at the new york post ask that question of john kirby. they've few and far between. that's part of the reason. the other part of the reason is they know the best thing for joe biden's campaign is to keep him hidden away, because when he opens his mouth, people lose more and more faith in the american government that we have right now in the white house. elizabeth: you were press secretary under the trump white house. given your experience in that, in the trump white house, versus what you're seeing now, how do you see the differences? >> completely different. look, the new york post line of questioning you just played with john kirby, that is a moment in a press briefing that is otherwise very friendly. by way of example, two days ago karine jean-pierre had an opportunity to ask a member of the press what their favorite beyonce song was. i can't remember having a chance to do that because most of the time i was being yelled at
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consistently by multiple people at once who would rather me not peek at all. so it is -- speak at all. it is a totally the different posture than psaki. these were things i simply wasn't able to do because the questions were why is your boss so bad, some rendition of that each and every day. elizabeth: got it. kayleigh mcenany, thanks for joining us tonight. okay, to this story, it's hitting d.c. the senate is moving to vote on a debt limit deal. it could come tonight or tomorrow morning, but no one is talking about how the deal does not stop inflationary spending from the government. the chicago fed, san francisco fed already warned government spending is fueling inflation. your real wages are down 6-7% after all of this and under this biden white house. edward lawrence is live from the white house with more. edward. >> reporter: yeah. and over the last week we haven't heard much about inflation from this white house. new economic data's coming in showing the economy is hotter than the federal reserve would
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like. the adp payroll report coming in this morning a full 100,000 jobs more than expectations. the latest fox news polling, 90% of people are concerned about inflation. so given that, the white house press secretary then could not name inflation as a top priority nymph -- anymore. >> there are multiple issues, multiple topics9 that the president has to deal with. that is the job of the president. right? he talked about climate. it's not just about climate, it was about how we foresee the season coming up with hurricanes, the fires that we've seen across the country, how we're dealing with that in this country in a serious way. >> reporter: the feeling at the white house is that inflation will just come back down, but listen to the answer to that in may of last year. the president said today that inflation is a top domestic priority and that replaced climate change for this administration as top priority. >> well, i would say, first, that inflation and the rising
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costs for people across the country has hong been the top issue finish -- long been the top issue in every poll and has been thurm one issue for the president for some time. >> reporter: pce inflation is actually on the rise. so far the federal reserve hiked rates ten consecutive meetings, and because of inflation, they may not be done. >> a decision to hold our policy rate constant at a coming meeting should not be interpreted to the mean that we have reached the peak rate for this cycle. >> reporter: yeah, that means there could be more rate hikes. right now the inflation is double what the federal reserve, more than double what the federal reserve would like to see. edward: -- elizabeth: edward lawrence, thank you so much. look who's with us, congressman ryan fitzpatrick and carol roth. okay, congressman, we have a new gallup poll. 81% -- including democrats -- don't like the direction, they're unhappy with the direction the of america.
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83%, economic conditions fair to poor. 76% believe the economy's getting worse. we've got big chains like macy's, coast coe, dollar general warning shoppers are pulling back on secret their spending, and now you've got thg and now you've got the white house not talking about inflation. congressman. >> yeah. it's -- well, i mean, there's a lot of causes to that. there's too much hyperpartisanship. obviously, speaking as a co-chair of the bipartisan bloc in congress, we believe in two-party solutions, we believe in approaching policies from a pragmatic position and not an ideologically purist position. but a lot of these challenges, i will tell you, we started to address in the bill that speaker mccarthy helped martial through the floor yesterday. big credit to him, by the way. i will point out that only addresses 11-12% or so of our budget. mandatory spending has got to be looked at some point.
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medicare will run out of money in a couple years, and social security in 2034 if we do nothing. so that's got to be the next focus right now. elizabeth: got it. you know, carol, let's get your reaction to this, an msnbc anchor claims the economy is delivering for the lower and middle classes. let's watch this. watch. >> we're also seeing an economy that is truly delivering for working americans at the bottom of the labor hierarchy for the first time in recent memory. this is a pretty striking story. we have seen actual, meaningful wage gains for the bottom portion of workers even when you account for inflation. whether that continues or not is anyone's guess, but that trajectory's promising. >> it's not an s&l scam. that was real. elizabeth: that was joey jones. the bureau of labor statistics, real wages are down after inflation 6-7% since biden took office. so what's going on with this story here? >> yeah.
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i mean, the american people, particularly the middle class, the working class, the lower class, are being absolutely crushed by inflation and by the negligent and indulgent monetary and fiscal policy that we've seen. we know that consumers are going to be in a personal recession if they're not in one already very soon. the personal savings rate is starting to dip down again, we saw credit cards reaching a trillion dollars. people are going into debt, and the only reason they are able to continue spending is because we have this supply and demand mismatch in the labor force, so they feel like at least i can get a job. but those wages aren't keeping pace, and they are being crushed from every single direction, and it's really sad that they are trying to gaslight the people who are struggling to put food on the table and to pay their rent. elizabeth: yeah, so what carol just said. you know, congressman, there was better than expected consumer spending growth in april, but april's personal income number
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rose at half the rate of nominal spending. it's up just 0.4% month over month. that indicates consumers are draw thing down on savings and some adding debt to get by. >> yeah, it shouldn't come as a surprise. we have structural problems with our economy right now. a lot of it due to the poor fiscal policy decisions at our nation's capitol and state capitols around the country and also the labor shortages that were overreactions many terms of labor -- in terms of labor policy to the covid-19 pandemic. so we've got work force shortages, we have too much money chasing too few goods and stagnant wage growth. all that leads to the challenges that were just pointed out. elizabeth: yeah. to what the congressman just said, carol, the white house, they sill get the their $80 billion for the irs. there's supposedly $20 the billion in cuts, but that only starts, like, next fiscal year. that number, the $80 billion, carol, is more than six times the irs' current annual budget,
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so that means the irs is going to employ more bureaucrats than the pentagon, state department, the fbi and border patrol combined to go after regular americans to pay for bigger government which is causing inflationary conditions for the american people. this is where we're at. this is an argument for a flat tax, by the way. [laughter] >> absolutely. and this is where i have to disagree with the congressman. i don't think that this bill is a win. i think it is a nothing burger. i don't think it does anything to change the financial trajectory, it certainly does nothing to change that irs problem that we put out there. and the number one issue impacting country is an unsustainable fiscal trajectory. people are getting crushed and, unfortunately, the republicans cave canned on us. they had -- caved on us, they had an opportunity to do the hard work, they chose not to. this only passed because so many democrats jumped in and, again, the the american people are getting crushed by the spending coming out of congress. we have to make good -- the republicans are going to say we are going to, you know, take
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away that funding for the irs, we are going to change the fiscal trajectory. you have to do the hard work. it is not acceptable to the not do that work and to try to say -- elizabeth: well, carol roth just shot a roman candle at you, congressman. you've got 15 seconds. >> yeah, carol, we control one-half of one branch of government out of three, and we control it by four votes. that is not a solid hand to play if you're a poker player. speaker mccarthy did the absolute best he could. everybody was taking mandatory spending off the table, that only leaves 12% of budget, and we had an existential threat of a debt ceiling potentially being breached -- elizabeth: carol's not having it. [laughter] go win the white house and the senate i think carol would say. okay, we've got to leave it there. congressman fitzpatrick, carol roth, thanks for playing ball. that was fun. good to have you on. okay, this is happening right now on the president's watch, we've got democrat presidential candidate rfk jr., he's gaining in the polls against biden. he now warns that wall street
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hedge fund billionaires and china too, they are rapidly buying up american farmland. we're going to break down what that means for all of us. and we've got nasa, did you see this? nasa out with its first ever public hearing on ufos. this is history. the pentagon says ufos have been spotted all over the world. we're going to tell you how many they are truly baffled by, they've got no explanations for. and this story about going woke and going broke, corporate america is now rattled. boycotts are slamming companies who misread their customer base and don't listen to the their customers. we're talking companies like target and bud light. they are now losing a lot of money, and today's senate energy hearing, senate energy had a hearing filled with warnings, you've got to hear this, about potential u.s. power blackouts across the country. this summer. why? it's being blamed on the green energy push. tonight, congressman carlos jimenez, economist david bahnsen, americans for safe
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aerospace if director ryan graves and chris bedfordful we've got a a hot show for you on the on "the evening edit." ♪ i've spent centuries evolving with the world. that's the nature of being the economy. observing investors choose assets to balance risk and reward. with one element securing portfolios, time after time. gold. agile and liquid. a proven protector. an ever-evolving enabler of bold decisions. an asset more relevant than ever before. gold. your strategic advantage. your work is your calling. it drives your days and powers your nights. but if your teeth no longer work as hard as you do, aspen dental is here with smile replacement solutions that work for your life.
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elizabeth: well, look who's here, founder of the bahnsen imriewrng david bahnsen. he's an economist.
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david, so let's first deal with. you gave a speech to the shareholders and investors at yesterday's e exxonmobil shareholder meeting. how did it go? >> well, look, i was really pleased because there's all of these radical leftist environmental motions for them -- for an oil and gas company to stop doing oil and gas. so i came up with the idea that they ought to have a committee to evaluate the economic impact of decarbonizing, of getting rid of oil and gas. would that be good for their business or not and would it be good for planet earth. and exxon did recommend voting against my resolution, but stated the reason why is because they're already doing it, and they came out and basically spoke really favorably about the sentiment. and it was the first time i saw exxon's board and their c suite publicly defending their own business. i really think our resolution helped drive that conversation. elizabeth: well, you know, warnings are growing about rolling blackouts, right?
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and increased energy costs by over 40%. we have ten states, more than ten states were hit with rolling blackouts as the green energy push and the electrification of the u.s. economy is going full bore under this white house. david, let's get your reaction to what happened at today's senate hearing on the reliability of the u.s. power grid. watch this. >> we need to have a reliable electric grid. that means generating more, not less, reliable and available and affordable power. >> the electric the transmission grid is highly reliable and resilient, yet the risk profile to customers is steadily increasing. >> my concern is we've got a gap period here that we've got this push for all these new renewables, and we have this push to shut down plants that work, and there's nothing there in the middle to save us. and i fear we are going to have blackouts, and i'm afraid we're going to see significant number of lives lost. >> is the electric grid at greater risk of failure today than service the, say, ten years ago in 20 the 13? >> unquestionably.
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>> do regulations like the epa's good neighbor rule, do they make blackouts more likely or less likely? >> more likely. any, any premature retirement of something that works without having something that doesn't work to to replace it seems dangerous, to me. elizabeth: what do you think, david? >> well, this is really basic economics, basic supply and demand. if you're going to continue to have the same level of demand or even growing demand and you're going to the take away the ply of it -- supply of it, you know, we have to power our electrical needs somehow. and we have an almost unlimited ability to get natural gas to the the drive this, but the anti-fossil fuel lobby has said that a natural gas, despite being a cleaner fuel than coal, despite being widely available and being a commodity we can export to the rest of the world, they don't like it. they don't want to use it. we need more plants built, and
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we need more ready supply of what's going to to the power that electricity. elizabeth: okay, former energy secretary rick perry says this too. so our nation's electricity production would have to at least double by, in the next few decades to meet the dramatic rise that the biden white house wants to go with electric cars. they want to push it to the, like, 70% of the fleet. this is right at the same time as the white house is forcing the power grid off of fossil fuels like nat gas and forcing it to wind and solar, but that's just, like, 6-7% of u.s. energy. two-thirds of u.s. energy comes from fossil fuels. so how are they going to do their electric car push they're basically undercutting the u.s. power grid? >> well, they're most certainly not, and that's one of the beauties of the brilliant mind from herb stein, former economist in the nixon administration. if something can't happen, it won't. and this can't happen. they cannot get that level of supply necessary with
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renewables. the wind and solar are not going to the meet these needs, and no serious person -- even those who want to see reduced carbon emission -- no serious person believes it will. so what is the right solution? it's improved technology, improved investment in the fossil production we're doing where we are seeing a reduction of car carbon emissions. that's the irony. elizabeth: how do you see the lay of the land now? are you afraid of power blackout toes too the given what biden's epa and the green energy push undercutting, you know, fossil fuel plants? you know, doing can things like switching to wind and solar, plus capturing nearly 90% of emissions? this is knocking their generating capacity down the really uneconomic levels. >> it sure is. and i'm a little less concerned about it short term because i still think we have the capacity. it's more that they're sowing the seeds for an even worse problem longer term, and the optimism i have, liz, is just
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simply that it's going to be to have to be reversed. these -- elizabeth: but after a lot of pain. but, wait, you're going to have to reverse it only after a lot of taxpayers and voters and americans are hit with a lot of pain. listen, we need power to, you know, power hospitals, power all sorts of machines, and people need to live on. we're saying, the white house is really saying you're going to put americans at risk of power blackouts, you're just going to have to suffer through it so we can get our green agenda lu? and we're going to have to suffer that pain until they decide to reverse it? that's where we're headed? >> i think that's very possible. of course, this is a political issue. so voters can reverse this, you know? the republican party can nominate someone who can win, and they can take back the white house. and there's a lot of control in the executive the branch of government. and so you have act to to reverse this from a policy -- the ability to reverse this from a policy standpoint. because i'm in california over half the time, i'm almost numb to it because we're so used to these ridiculous policy-driven
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blackout toes that are totally avoidable. you're exactly right, the rest of the country would not put up with it. people should not have to go through pain, but this has to be done with leadership, liz. elizabeth: got it. david bahnsen, thanks for joining us. >> thanks so much, liz. elizabeth: okay, you, america, america is speaking out. boycotts. people have had it. boy9 cots are slamming companies who misread their customer base. talking target, bud light. shares of bud light parent anheuser-busch heading into bear market territory, down nearly 20% from march highs after its transgender ad. and we've got congressman carlos jimenez taking this on, democrat presidential candidate rfk jr., he is gaining in the polls against joe biden. he's now warning that a, quote, farmland buying spree by wall street hedge fund billionaires in china are turn the -- is turning american farms into, quote, corporate fiefdoms. we're going to break it down
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elizabeth: let's welcome to the show congressman carlos jimenez. congressman, it's good to see you again, sir. it's great to have you back on the show. what kid can you make of presidential candidate robert f. kennedy jr. warning there's a farmland buying spree by wall street hedge fund billionaires and china, he's worried they're turning farms into corporate fiefdoms? we mow chinese investors own a fraction aal amount of u.s. farmland overall in the hundreds of millions of acres. what do you make of this story? >> very interesting story. look, food security is a matter of national security, and that's why it's so important that we have the farm bill that assures that farming either becomes or remains profitable and that somehow we incentivize younger people to remain as farmers or become farmers. and so it's a little bit
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troubling that big corporations are trying to buy all the farmland in the united states. we know that china was buying farmland especially close to military installations. there's some is rules now that are prohibiting that, but, you know, it's a threat both internally with these big corporations and, obviously, china trying to buy up farmland in the united states. elizabeth: yeah, mostly it's up to the states, right, to deal with it, congressman. we hear what you're saying. 21 states, we're finding 21 states have some sort of restriction on foreign businesses or governments owning farmland in the u.s., but then you get stories like this subsidiary of a chinese agricultural company. it wanted to build a $700 million corn mill in the city of grand forks, north dakota, on 300 acres of land. so you see these stories crossing the wires, you say, wait a second, what's happening, you know what i meansome. >> no, i know. that particular plant, i believe, was about 10 miles away from an air force base, a critical air force base to our defense system. so i think that that particular
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purchase was shut down, and there are rules now by the treasury department kind of to make sure that doesn't happen. look, china needs -- it can't feed its own people. they need 30% of their food is actually imported. and so it's the no, i mean, i guess it's not surprising that they would be buying farmland not only in the united states, but around the world in order to make sure that it can supply its own people. but again, we have to make sure here in the united states that we have food security for us here in the united states. like i said, food security is a matter of national security. and we need to assure that that remains in american hands and that the food supply that we produce is for our consumption or we sell it around the world as we see fit. elizabeth: so china has fears of food insecurity, is that why it sent a chinese spy balloon over the u.s.? >> that and other reasons, i'm sure. you know, the spy balloon was there to pick up, i'm sure, all kinds of information. on our, on
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our defense facilities, nuclear sites and, i'm sure, you know, what else it could pick up. i mean, it was allowed to travel from one end of the united states to the other before we finally shot it down after it completed its mission which, again, made no sense to me. but again, that's what the biden administration does. the things they do, they don't make any sense. elizabeth: got it. congressman carlos jimenez, thanks for joining us tonight. it's good to see you. okay, history made at nasa. nasa held its first ever public hearing, yes, on ufos. we're killing into the story. it's really interesting stuff. ths mysterious metallic orbs have been spotted all over the world. we got the number that scientists are baffled by. physicists have no explanation. we're going to tell you how many. and coming up, common sense executive editor the chris bedford is going to the take on this story, boycotts are
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slamming companies who misread and don't really get or understand or appreciate their customer base. now, corporate america is rattled. we've seen showers of bud light's parent -- shares of bud light's parent anheuser-busch down nearly 20% from march highs after its transgender ad. that story coming up. ♪
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elizabeth: let's welcome to the show common sense executive the editor chris bed forth. okay, america is speaking, right, chris? they don't want to have politics in their recreation time, in their down time. you have bud light parent anheuser-busch, $27 billion, chris, if market -- in market cap lost, vaporized. bud light now risks losing its title the king of u.s. beer. sales volume down nearly 30%. over that transgender ad. i mean, what is going on? this is not going away. this hit to bud light, chris, is not stopping, it's not going away. >> no. and bud light's in a lot more trouble than some of the stores that have been boycotted because unlike maybe a target or something, that might be the only place you really have to shop for everything your family needs for 25 the, 35 miles. bud light has a lot of competitors, and the way they've
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kept them out of the markets over the years has been absolutely brutal competition, control of a lot of suppliers, control of the markets, even just pushing liquor store owners from time to time to push their owners. when there's a backlash, it's bad. and that's also a backlash that's been self-replicating. it's kind of entered bro culture. guys make fun of each other at the bar or at parties for having a bud light. i've seen it personally in boston and in airports around the country. so they're in trouble, and this is something that's going to continue for a long time the, at least it seems. it's got momentum, and that's something their marketing team's going to have to battle. elizabeth: it's the got momentum in the mainstream, you're saying, culturally. people seeing it and talking about it, as you point out in airports, bars and restaurants, right? >> absolutely. i've seen it brought up in bars all across the country. i've kind of just been doing a quiet poll. whenever i walk into a place for lunch or drinks for friends, and bud light used to be by far the
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best seller, it still is, but it was crushing the second best of miller lite, dominating coors, but they're easy to grab, and your friends won't make fun of you. elizabeth: you know, it's a stunning development that's happening. so bud light, anheuser-busch loses, like, $27 billion at least in market value. target losing $13.8 billion in market value. they've got an ongoing nationwide boycott, it's going on for weeks now, triggered by pride apparel in its stores, and jpmorgan just downgraded target saying that the consumer spending is broadly weakening at target. stock now at its lowest level in three years. we're talking iconic american brands taking hits to the their image, their sales and their market cap, chris, because of these decisions that likely weren't well thought out. we understand gay rights. everybody gets that. but, you know, it's about how service the handled and how thew they did it. >> yes.
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target's a different example than bud light. bud light might be similar to the a lot of american corporations with the ceos decide it's less bother to the allow a couple younger activists and vps of sales to push hair side agendas, the it's not worth the hassle to tell them, no, that's not our brand. target the president of company is deeply committed to this, the vice president sits on the board of a donation target donates millions to that tries to the hide children transitioning from their parents when they're still underage. and what makes target super different from bud light is it's not an adult doing this, it's not just a celebration of pride or transgenderrism or what have you, it's targeting children. and the charities hay donate, the president came out and said that. the vice president turns out to sit on the board as the treasurer of one of these organizations. so that's one that's really got people riled -- elizabeth: we're just with, we want to focus on the economic impact, the economic fallout. like, when does it end, chris? how do you turn it around? i mean, anheuser-busch tried to the fix it with a patriotic ad
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about a horse, and it didn't stop. >> i think the policies have change, and pain is what's going to cause policies to change all across the country. even companies that aren't forward-looking, even companies that are headquartered in, the or places you might see or think are more conservative, ceos and partners are being cowed by younger activists who scream at them, who threaten to call them bigots or report hem to hr if they don't get their way, and that's changed a lot of corporate culture. once you enter market losses, once you enter the threat of lawsuits maybe, employment discrimination, that's the kind of thing that ceos cannot ignore and have to crack down on. and really the only thing that's going to change is pain in the marketplace. elizabeth elizabeth got it. chris bedford, thanks for joining us. good to see you. >> thank you. elizabeth: this is a wild story. massa, this is history, held its first ever public hearing on ufos -- nasa. this is interesting stuff.
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the pentagon says mysterious metallic orbs have been spotted all over the world, and they've got dozens of sightings that no one can explain. we've got a former navy pilot, he's coming up, but first, let's check in with dagen and sean and see what's coming up next on "the bottom line are." sean: we have a blockbuster show. we're going to go to the center of american politics, iowa, where senator joni ernst is going to the join us as well as alex epstein talking a little energy and the problems in the american energy industry. dagen: yeah, i want to see energy from these republican presidential candidates who will also bring it. mollie hemingway and lee carter. you don't want to the miss those two ladies, top of the hour. be ♪ can use software to help you connect and analyze data— from hvacs to elevators to lights. what if we use ai-driven insights to pinpoint inefficiency? yep. and act on it. saving energy, money...
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liz: joining us now, former navy pilot, ryan graves. good to see you, ryan. before we get to the nasa first ever public hearing on ufos. it was a four hour hearing. astronauts,. you had your own experience with ufos, can you tell us about that? >> sure. i flew the fa-18 superhornet for 11 years for the u.s. navy. we upgraded our radar. we noticed objects on the radar we weren't seeing before. eventually we saw them with eyeballs. they looked like a dark gray,
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inside of a black cube. saw it on daily basis. liz: when did this happen? >> 2014, 2015 time frame i was there actually experiencing this after i left, even to this date this is still occurring. liz: where were you flying over you saw this? >> this is in the working areas off the coast of virginia beach. that is where we were primarily seeing them. we were seeing them oaf the coast of jacksonville, florida. now, we heard in the nasa public meeting recently being seen on the west coast, east coast but certain cohort of these objects are being seen worldwide. liz: a black cube inside of a clear sphere. pentagon officials, ryan, pentagon officials say up to 40, about 5% of the currenthundred 800 ufo cases constant baffling
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anomalies. scientists, physicists astronauts can't explain what the ufos are. there is recent push, there are more sightings hundreds of new reports under examination. you look at ufos, the speed they accelerate away at rapid right angle, what would it take to power any flying object to torquing at 890-degree angles. at rapid speed. could take nuclear power. >> they are displaying performance carrics beyond any type of aircraft we have within our inventory. an f-18 can go 1.5 mach if it is cleaned off. we're seeing these objects, these spheres with no moving parts, very little emissions, no heat plume, they're traveling upwards mach 2, doing so for long periods of time. the origin are not known.
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liz: you can't explain away as chinese spy balloons right? nasa is saying there is no evidence there is anything alien or extraterrestrial for any of these. what do you think? >> i think the bar to reach that type of conclusion is very high. we're simply not there. it does require advance amount of data to conclusively say where something came from. we identify there is a anomaly. that will require serious study, new sensors, a lot of effort by our institutions to better understand and move the conversation forward. i think we're setting up the proper institutions and specialties to be able to study this further. that is what will allow us to finally make a proclamation perhaps where these are from. until that it's bit early for anything other than speculation. liz: can't say either way. astro buy biologist, david green spoon with nasa, do you think we
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should use space flights of buy esignatures or extrater rest teal life do you agree with that? >> that is completely within nassda's mandate. if nasa looks for microbes on mars or our solar system we would have forethought to look for signatures of technology from other intelligent species. the only reason we would do that if we made the assumption we're entirely alone in the universe. that is not a belief i hold. liz: final question, have you been disparaged or made fun of what you've been saying, ryan final word? >> there has been challenges. i'm proud of where the conversation has developed to. liz: ryan graves we'll have you back on. join us tomorrow, congresswoman nancy mace said no to the debt deal. steve forbes will be with us. thanks for joining it let's turn it over to my friends dagen and sean on "the bottom line." they have a hot show for you
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tonight.

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