and it is ra. ashley: right. stuart: guessing sometimes works , ashley. sometimes it works. well done. thanks, ash. see you soon. quick check of the markets. i'm seeing a lot of green. the dow is now up 350. nasdaq up close to 100. s&p up 35 points that's a rally. now show me microsoft. pretty good news right there. we've got microsoft now up $8, 2.4%. microsoft year-to-date that's calendar year-to-date is up a whopping 44% and the company is worth, hold on a second, i'll tell you, the company is worth $2.5 trillion. that's it for "varney" & company "coast to coast" starts now. neil: hell has no fury like a former president. donald trump is still angry, not at a prosecutor or the entire justice department at least not

today but a republican governor, not the one whose running for president, not him. the governor from florida, you know that. i'm talking about the governor from oklahoma, whose just come out to endorse ron desantis and let's just say that the stich has hit the fan. i practiced that at least 20 times. oklahoma governor kevin stit is here. why he did what he did, welcome everybody i'm neil cavuto. i did practice that a number of times. want to go to lydia hu as we try to make nice with the chinese but it's just the diversity of american top players who are trying to make nice. what do you have for us, lidia? reporter: we see a growing list of business titans touching down in china. bill gates is the latest. he's there right now, set to meet with high ranking chinese officials according to reuters that the could even include chinese xi-jinping which be xi 's first meeting with a foreign private entrepreneur in recent years and neil this meeting be striking,

because president biden has not even spoken with xi since before the chinese spy balloon incident earlier this year. national security council spokesperson john kirby said that biden will speak with xi when the time is " appropriate." but now, we have growing tensions between the nations, and there are calls to decouple the economies. this week, we heard from treasury secretary janet yellen. she said decoupling be disastrous. >> think we gain and china gain from trade and investment that is as open as possible and it be disastrous for us to attempt to decouple from china. derisk, yes. decouple, absolutely not. reporter: yeah, and neil, it seems like business leaders maybe they have little or no interest into coupling because here is a list of just some of the recent business titans who have recently visited china.

in addition to bill gates, elon musk who reportedly said he opposed decoupling when he was there in china according to chinese officials. tim cook who met with china's commerce minister and jpmorgan ceo jamie dimon who pledged to remain in china for both the good times and the bad, and for china's part, well it's likely eager to court the investment, because we're getting new data that shows china's economy took a stumble in may as it's making its way reopening after the pandemic. retail sales and industrial output missed expectations and china central bank cut interest rate trying to boost demand. neil back to you. neil: let's go go to jonathan ward. i'm fascinated by this guy because he was way ahead of the china threat whatever you want to call it. i remember china's vision of victory was that of a few years ago where we outline this threat we have in the pacific region that even then, we were kind of ignoring but it dates way before that the atlas organization founder, author of "besides

china vision-to-victory" and an honor to have you, doctor, thank you. >> well thank you, neil, great to be with you for the first time and the new book lays out a strategy for us. what should we be doing about this problem? because the biggest thing, you know, as you've just identified, is that we have this very contradictory economic strategy where business leaders are going over to kind a hoping they will continue to engage. i think janet yellen who does not have a serious grasp of this problem is saying it be disastrous to decouple. elon musk, jamie dimon, they have both told us on the record they believe china will be a larger economy than the united states and we need to take the time we have left to stop this and to make sure we have an economic theory of victory and a way to win this overall contest with china, so that american capitalism can in fact defeat china's authoritarian system but we can't do that if our economies remain intertwined that's the biggest fallacy. neil: but they are. they are kind of intertwined so when janet yellen talks about that, that might be overstated but the fact that tim cook and,

you know, you've even seen this with elon musk and bill gates of course just heading over there now, they want to maintain those relations that they give the appearance of this looking like we need them more than they need us, anthony blinken the secretary of state will go over there, the chinese foreign minister i believe has already stated well you could tell us what's going on, but it's up to the united states to change its ways, not us. what do you make of that? >> well, look. they need us much more than we need them and that's the thing we have to start to understand. china's rise was an economy in the 1980s and opening the u.s. market bringing them into world markets transferring technology and capital for decades, opening them to the world economy. that's what created china as a military industrial and technological superpower and their continued rise still depends on it so that's why they are continuing to exploited the strategy where our business leaders have a fundamentally different view of china than our national security and national interest leaders would, so you

know, we're going to have to merge those things and we can't have i think that's the moment we have to go through is beginning to disentangle these economies and it may look hard at the moment, but the consequences of not doing it are going to be so much more severe than the costs of actually executing that and getting into a process of derisk ing or decoupling whatever you want to call it, it's going to happen anyway because they are starting this. they want to be less dependent on us and have us more dependent on them. neil: but they are still dependent, your point is they are still dependent on us, but i did find it interesting, jonathan, that anthony blinken when he gets to china, will not get a meeting with xi-jinping but bill gates will. what do you make of that? >> well of course. well they have been using, trying to use our business leaders against us for a long time. it's part of their basic strategy. they see the contradiction between our national interest and our business leaders interest so for them to have american ceo's going over to

beijing being promised the future own though risks are mounting and for them to come back to washington and be sort of a camp that says look we've got to continue engagement. it be disastrous. that's how this gets fed through treasury and commerce which in fact should be the most important departments for an economic contest against china. you know, we're going to need our business leaders to change strategy because ultimately the consequences of having china continue to close the gap with us economically, we have not had a military or strategic rival that has had an equal or greater economy than ours since the war of 1812 and we don't want to fight the battle of new orleans once again when the enemy is hypersonic so we've got to change course geo politically and get an economic strategy that works, keeps america in the lead and we've got to get business leaders c-seats, boards, wall street analysts to understand the consequences at the point of which the communist party is making good on converting economic power into military potential and they told us clearly they are preparing for war with america. that's what they are doing. neil: it's amazing.

>> and they will have a much more capable state to go against us because of what we've done economically. neil: and there are fears that our engagement is rev eling, fairly or not. we'll watch it closely jonathan ward, honor to have you thank you very much. >> thank you, neil. neil: all right, if it does become a push to shove moment then what do we do? are americans prepared for an economic war with china? if it ever came to that and the higher prices that the would come with that. obviously, it does not appear to be a worry at the corner of wall and broad. the dow sprints ahead whatever frustrations it had with this idea that the fed is pausing, but more rate hikes are coming, but that was then. it's a different story now. that could change. luke lloyd back with us, strategic wealth partners, investment strategist, david nicholas, nicholas wealth management ceo. welcome to both of you. luke, first, your impression of this backdrop of our secretary of state going to china likely not getting a meeting with xi-jinping, prominent business leaders though often do

, bill gates just the latest one. that kind of sums up in a nutshel where china's coming from. politically we don't like to deal with u.s. government officials but we love those corporate guys. what do you think? >> i think things could get pretty crazy here soon over the next, you know, year or two in 1990 chinese exports was like $45 billion and u.s. exports was like $500 billion. now, chinese exports are around 3.5 trillion in u.s. is 2.5 trillion. china had an 800-times increase in exports in 30 years. china was able to maneuver themselves into the middle of every country out there which is a national security issue now, and at this point, if we don't decouple it's going to be painful, right? there's no doubt about that. i'm not going to act like i'm a national security expert, a national relations expert but what i am going to say is in business when you make an action on somebody you do try to de couple from somebody, there's going to be a reaction, so the

whole concept of taiwan comes back into the equation, right? china could easily make a move on taiwan if we start this progression of decoupling from them. that's going to cause sky high reaction with inflation which definitely will hurt the already hurting middle class consumer so are people prepared i don't think so. neil: china's economy has been doing very well throughout all of this , david. i hasten to add they did cut interest rates when everyone around the world continues to tighten them, we simply took a pause and we'll continue tightening soon. that could be a sign that china needs to goose things a little there. maybe a recognition that things could get worse with the u.s.. what do you think? >> well, i mean, from the economic front, if you look at the chinese economy as a whole, i think the chinese economy is struggling. this is why the chinese government is reaching out to business owners, to free market individuals, and trying to get feedback. i mean, from our sources we've seen six meetings in the last few weeks with the chinese communist party and business

leaders in china and a lot of these business leaders are pushing for more open, free market initiatives to the economy, but this is in direct conflict with president xi's outlook for the chinese economy so this is a very interesting dichotomy but look as americans, i am all about free-trade with other countries, but as a americans, we should be fighting for honest trade and we don't have honest trade with china because china has stolen more intellectual property from individuals and businesses than any country combined. they've stole military secrets, business secrets so we made a wager that if we opened up trade with china, that would lower tensions in the region and give us to be good partners militarily but now relations with china are at all times lows in my opinion so i don't think the situation has worked, the wage we made as americans and now we figure out how this unravels or stays together going forward. neil: real quickly, gentlemen. want your quick take on what the markets are telling us today versus yesterday. don't want to analyze that too

too much because it could change as you remind me, luke, but what do you think? >> yeah, so the fact of the matter is people are still spending money. when you spend money the economy stays afloat. the fact that people are paying over $1,000 a ticket for taylor swift tickets near pittsburgh -- neil: is that all? is that all? >> that tells you a lot. that's all apparently, you know? we need to start taylor swift index or something and when things are super conflicting and complex sometimes you need to simplify. neil: but the retail sales were pretty good. up three-tenths of a percent now down from what it was in april i think we were up four-tenths then but you've got to say this about the consumer. he, she, very resilient. >> they are. two simple data points i pay close attention to though is personal savings rate and revolving credit and people aren't saving money. they are spending money on credit. the past decade the average savings rate was 8% of income. now we're around 4% of income. that wouldn't be a huge issue if we didn't see credit card debt continue to rise but it is, so are people really saving money?

and it's a simple as this , in my eyes as long as people have jobs they will spend money but will it last forever? a lot of people making the average u.s. income of $ 6,000 a month are spending $ 6,000 a month, right? what if an emergency expense comes up. what if inflation continues to rise and wages don't keep up? what if an october student loans start backup and you pay $400 a month and lose your job? neil: good point. david this market is the most trashed bull market i've seen in quite sometime so it keeps climbing this wall of worry. you had off days here and there but technology, you look at the s&p 500, both of those and the nasdaq now at year and a half highs, and on and on we go, so the market maybe is digesting all of this and saying goodbye. >> well just look what the markets doing today. i think what the market is doing today is calling the feds bluff. yields fell off a cliff this morning and you have the market rallying. i don't think that be the case if the market really believed we have more rate hikes coming, so i think it's telling what the

bond market is doing but again, why is this market heading higher? you still have a federal reserve that is somewhat accommodative. he stepped in and backstopped banks. if the feds didn't do that i think we be in a different world for the markets so again, i'm bullish on the u.s. economy but we've also got the federal reserve really there putting winds in our sales for this market. neil: yeah, the markets often get it wrong. they were thinking we were going to get rate cuts at the end of the year. we'll see how that pans out. that does not look likely but luke, david, thank you both very very much. you know, luke had mentioned what's going on right now with the student loan stuff, and whether that's going to go through the supreme court is weighing that very matter. no decision today but we could get one by tomorrow. after this. ♪

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neil: all right, drowning indebt and when it comes to student loans forgiveness, joe biden administration wants to put through a $400 billion plan to forgive at least a good majority of that student loan debt for some who are affected right now, but no decision today at

this point. hillary vaughn on capitol hill with more. so good to have you back, hillary. i'm waiting for you to chase down supreme court justices but in the meantime, you're really chasing down capitol hill some who want to stamp this in and make it permanent, right? reporter: yeah, that's right, neil, but while we're waiting for that supreme court decision to see if president biden can use taxpayer money to pay off some people's student loan debt, republicans are not waiting. they introduced their own plan to try to give students more information before they're taking out these big loans that some of them cannot pay for. republicans want to give student s beforehand a breakdown of how long it would take to pay off the loan, how much monthly payments be , and how much they would likely make from the degree that they are getting they also want to prevent loans from getting into the hands of people who would not earn more money with the degree that they are paying for than they would without that degree.

republicans yesterday dashed democrats dreams of giving everybody free college. >> you're never going to know how expensive something is until you make it free. at some point you have to make it laugh. i see , your answer to this problem is to tax corporations. your answer to that problem is to tax corporations and your answer to that problem is tax corporations. come on. let's have a serious response. we feel like ours are serious responses. yes, sir? reporter: meanwhile, democrats on capitol hill have a plan to help people avoid taking out student loans in the first place by making college free for some. the college for all act sponsor ed by senator bernie sanders would make public college free for families making under $250,000. it's paid for with a .5% tax on stock trades aimed at wall street but critics of this tax say it will hit average americans with 401ks saving for

retirement. >> is it really free if you're raising taxes to pay for it? >> well given the fact that we have the billionaire class paying a lower tax rate than working families i think it's appropriate the wealthiest people in this country start paying their fair share of taxes thank you very much. reporter: wall street tax would hit average americans saving for retirement. >> people say that, people on wall street. thank you. reporter: so, neil, we also tried to ask congresswoman jayapal sponsoring this legislation with sanders how is this really free if it costs money and somebody's paying for it and she also admitted well, it's not really free. they just are getting the money from people they think should be paying for it. neil? neil: amazing. the definition of fair share, the rich have to pay their fair share and it keeps going up and still not enough so a moving target. hillary, good to see you again on capitol hill following all that. preston cooper with us, senior fellow at the foundation for research on equal opportunity and preston is

looking at this and be aware of these gifts any student debt canceled today has a nasty way of popping up tomorrow. preston great to have you. where do you see this going? >> thanks for having me, neil. so you're exactly right that any student debt that is canceled or is not canceled, dependent on the supreme court decision, is just going to come back tomorrow you know, the congressional budget office says that we are slated to make $1 trillion in new loans over the coming decade and the committee for responsible federal budget thinks that even if that $400 billion of student debt that president biden wants to cancel is canceled tomorrow, it would only take five years for outstanding student debt levels to climb right back up to where they are today and so we really need to take a step back and take a look at the problem of why are some people unable to afford their student loans? and that's because the federal government is giving out loans to a lot of higher education programs that simply aren't worth it. they simply don't have the labor market return necessary for students to be able to pay them back and in order to fix this we actually need to stop making loans to programs that just don't have any labor market

value, and that's what i think the republican plan is sort of trying to get at. they are saying if you're not earning any more than a high school graduate that program you graduated from shouldn't get federal money because we don't think your students are going to be able to earn enough to payback their debts. neil: it's a very good point. of course people say that slippery slope there is you're picking and choosing majors that might not now look enticing, or even profitable but could change in the years to come. well that we don't know. what is undeniable though is that the more you give students to help defray their costs the more those costs go up. it's no imagination to say that right now, college and related costs are running at three times the inflation rate and consistently have for decades now. so, what's feeding that beast is help to make those costs less beastly. they only add-on to the fees and the charges and the unending rocketing tuition and other fees associated with higher learning.

>> that's a great point. a study just came out a couple months ago showing that when the federal government basically uncapped federal loans for graduate students and now graduate students can borrow literally as much as they want, colleges responded that just by hiking tuition. they didn't expand enrollment. outcomes didn't improve. all they did was raise their tuition in order to capture those additional federal loan dollars, so i think what we really need to do in addition to holding colleges accountable for their outcomes so we need to put a common sense cap on how much students can actually borrow from the federal government, because if students are racking up 100, 200, $300,000 worth of student loans they are never able to pay that back. that's just going to get for ever en by taxpayers when students aren't able to repay it so we really do need a common sense cap on how much students can borrow if we're going to solve the student loan crisis for the long run. neil: maybe how much institutions, universities, colleges can charge, because that seems to be reckless with abandon here. preston cooper great seeing you

again. thank you. >> thank you. neil: in the meantime, the government is getting a little concerned about how liv is on fire, the saudi conglomerate that started with golf. now wants to branch out the soccer host of other fields but now congress seems to be eager to sniff around what's going on with that with madison alworth. madison? reporter: neil, yes, this recently breaking the justice department is investigating the pga tour liv golf planned merger so here is what we know. the "wall street journal" reporting the justice department has notified the pga tour that it is reviewing the merger over anti-trust concerns. now, we reached out to the justice department. they told us no comment. this throws a wrench into the plans which really shocked many in the golf world so these two golf bodies have been dividing the sport over the last year with each suing the other only to announce a merger just last tuesday, but now, with this review, it means any transaction that is made between

the two leagues won't take effect for some time, and even before the investigation was announced, it was not expected to materialize for at least a year. now when we look at this , another thing that further complicates is the news of this merger is the news that pga tour commissioner jay monahan, who helped negotiate this deal and is set to be the chief executive of the combined league s, has taken a leave of absence for a medical situation. now, federal anti-trust security was expected, excuse me, federal anti-trust scrutiny was expected in the wake of this announcement because the justice department is already investigating the pga tour for such behavior. not helping their case, monahan has told reporters the move is good so the tour can "take the competitor off the board to have them exist as a partner, not an owner." so, obviously, not very competitive in that statement right there and this all comes as the news that a bill has been

reintroduced in the house of representatives to strip the tour of tax-exempt status. so, neil, we really got a lot going on here. the bottom line news is that the justice department does seem to be investigating this merger over anti-trust concerns. that's on top of they already had investigations into the pga tour and additionally, we're seo strip pga off its tax exempt status. neil: and on and on we go. madison thank you for that. following those developments, madison all worth. telling you bit about these big billionaires who talk to the chinese and oftentimes are granted audiences with xi-jinping. elon musk is in the news not only for his willingness to do that but his comments on on the disruption in what had been about a 13-day streak in the companies stock that was reversed yesterday when those 13 straight gains were interrupted. back today, in case you're counting, up more than 41% in

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neil: all right, elon musk has a pretty good track record when it comes to making money, but on twitter, the jury is still out to put it mildly, and things like a $250 million lawsuit from music publishers don't help that matter and susan li is here. i haven't seen you in a while, susan. >> yes, good to see you talking about bruno mars, mariah carey just to name a few of the artists that want to be paid if their music is being used on twitter so a quarter of a billion dollar lawsuit that alleges that twitter free-loads off their artist music, so here is what the lawsuit says. that while numerous twitter competitors recognize the need

for proper licenses and agreements for the use of musical compositions on their platforms, twitter does not, and instead, breeds massive copyright infringe. that harms music creators so the lawsuit says its gotten worse since musk took over the company last fall and i did reach out to twitter now ceo linda yaccarino for comment, no response just yet but musk himself tweeted last year that current copyright law in general goes absurdly far beyond protecting the original create or. now, i'll tell you that most other major social media sites, they pay for their music. youtube paid $6 billion in 12 months for music rights but you also have to remember that you tube offers full songs and videos maybe they have to pay a little bit more. tiktok paid $179 million for the music rights. now facebook instagram parent meta also pays hundreds of millions of dollars to make sure that they have the music for their users for reals and posts. twitter had reportedly been in talks with these music publisher

s before musk took over but apparently those talks broke off, according to the new york times. and we know that twitter has been in a cut-and-burn type of mode. desperate to reduce costs, at 80 % reduction in staff, not paying rent anywhere and twitter was just evicted from their boulder, colorado offices, you know that right? and musk refuses to pay his vendors including google cloud bill that he still hasn't paid. he's been stiffing a lot of the vendors on those bills, but, he says look. i have to cut. i have to be aggressive, because twitter was just months away from bankruptcy and the valuation as you know is $8 billion now which is far, far less than the 44 billion he paid neil: you know, what about tiktok when a lot of times young people dancing orem it tate ling songs, right? but it's not the artist song themselves, so will the artist then claim by extension hey? >> copyright? neil: right. >> here is the thing that you

know, tiktok as i mentioned they actually pay for those music rights. neil: okay. >> they are actually very powerful in enforcing music. if anybody goes on to tiktok and they suggest songs to use that usually reaches top of the chart s. maybe it's not adele-type number s or taylor swift type money. neil: is adele part of this suit >> i knew this would come up. we all have the same obsession with adele as you do. neil: i'd call it a creepy fixation. >> it's unhealthy but completely understood. neil: way to go, susan, thank you very much, susan li. i could let her getaway with saying that. by the way tesla stock, i misspoke down again today after falling yesterday after 13, i think it was 13 straight advances. >> yeah. neil: still at 254.68 better than one year high, i believe. we have a lot more coming up including the republican governor who decided to back a republican presidential candidate, not named donald

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>> you're watching cavuto "coast to coast" i'm mark meredith in washington. another floridian joined the race for the white house. miami mayor francis suarez launched his campaign the only hispanic republican candidate running and vowing to bring change to washington. mayor suarez is only 45 years old elected as a non-partisan meaning he ran for mayor without having a party attached to his name but in this gop race he's going to campaign heavily on lowering taxes boosting economic development and bringing the miami model of governing to the nations capitol. >> i'm running for president because i think i have a different message than what other candidates have.

i'm generational. i know the problem that 85% of americans who live in cities and 91% who constitute the gdp of this country are going through, things like increase in crime, homelessness, mental health issues. >> suarez who was outside the federal court house in miami on tuesday was also asked for his thoughts on the charges former president trump is facing suarez says he would not have held on to the classified documents but also made it clear he feels others including president biden should be held accountable for mishandling of classified materials. speaking of trump his campaign says he's raised more than $6 million since the federal indictment was handed down. trump held a fundraiser in new jersey on tuesday night, only hours after he appeared before a judge. and in the wake of the trump charges south carolina senator tim scott is vowing to reform the justice department. senator scott was in iowa on wednesday. he took questions from voters and was quoted as saying we don't survive if the majority of americans don't trust their justice system. we expect more candidates to weigh in on the trump charges

over the weekend including florida governor ron desantis. he's going to be ready ready to head out west to nevada and california and neil i thought you'd appreciate this. speaking of california, he's now encouraging gavin newsom, the governor there, to run saying it's time to stop pussy- footing around. neil: mark meredith, mayor suarez will be my special guest on this show tomorrow about his presidential run, what he makes of it that be three floridians in the race to become the next president of the united states if you include donald trump and governor desantis and now, mayor francis suarez. again, he is here tomorrow. with us now is the governor of oklahoma, kevin stitt, who made waves, announcing his support. the former gubernatorial support for ron desantis. governor with us right now. governor, great to have you. obviously, donald trump not too pleased by that decision. i can go into the specifics, but if you had a chance to talk to donald trump about this?

>> no, i have not talked to him about it, and here is the deal. you know, i voted for trump in 2016, and 2020, but i really believe ron desantis is the right guy that number one can beat joe biden in november, and when he does beat joe biden, he can be there for eight years. we need a conservative. i watched what desantis did during covid and i'm telling you , covid was a beat-down for governors all across the country, and for him to stand up , me and him were one of the few governors that refused to do a mask mandate statewide. we stood up for freedoms. we never shut businesses down, and he's a real leader and i think he's the guy that could beat biden in november. neil: just to be clear, governor , you did not give donald trump a heads up you were going to do this? >> he knew that i was going to do it, so one of the senators that we're close with, both of us, had reached out and so he knew i was going to do it and then but no i did not call him to tell him i was going to make

that endorsement. i called and made sure the chair woman of the rga knew and but again, i'm going to support, you know, whoever comes out of the primary but the bottom line is i've watched him lead. he never backs down. ron desantis thinks like we do. he's pro-freedom. he's for lower taxes. he's for energy independence in our country, and the big thing is, we have to elect someone that can take our country back. look what's happened at the southern border. i mean, when did border security start to become a political issue right now? neil: well, donald trump did all those things and addressed all those things, so i guess that might explain his surprise in this endorsement, governor, saying of you, governor kevin stitt of oklahoma who i didn't know very well, called me before his last election and saying he was in big trouble and very much needed my endorsement. he went on, anyway i gave him my endorsement and he immediately went way up and now despite the fact that he's referring to

desantis, is losing to biden and me, stitt just endorsed him. wow. bottom line, he's ticked off. very ticked off. >> yup. neil: what do you think? >> yeah. again, you know, i think that's the same message he sends when anybody goes against him. he says hey i'm the reason that they won. he didn't endorse me the first time. didn't know who i was in 2018 when i won for governor, but here is the deal. this is really not about donald trump. this is about taking our country back and making sure we can get into the white house, and so right now -- neil: you did say, governor, that you would support whoever the eventual nominee is. i assume that would extend to donald trump if he were the nominee. >> oh, absolutely. neil: so with all the legal baggage that the former president is dealing with, that still stands. there are some in this race, asa hutchinson, you know, chris cristi, you were saying, that baggage is substantial, and it is disqualifying.

what do you say? >> well, i mean, first off, if you look at that i think it's very hypocritical from the department of justice and what's happening with attacking trump on those charges but he's going to have his day in court, but really from the outside, most americans i think look at that, those charges, and really wonder why hillary didn't get charged, why biden hasn't been charged for the boxes of classified documents. neil: you might be right on all of that but if you look at the individual charges, governor, they are a little eye brow raising here. again this is coming from the government but what do you think of just what has been weeded out so far in this 37 count indictment, his moving boxes that he shouldn't have been moving, his hording documents that he shouldn't have had in the first place, saying he had given to authorities all of the documents they were asking for only to discover that he had not done that and was cooking up a plan to make sure they didn't get them. all of that stuff, if true, do you think would disqualify him to be president?

>> well, listen. here is the deal. if he's going to have his day in court, but again, you've got to go back and you have to hold the department of justice accountable for what they are lt of rules here and of course we don't condone classified information or anything like that and that will all be proven out, so trump has his other side of the story he's talking about. neil: i guess the difference, governor, is just the shear volume of classified information , just the handling of that classified information. others will jump on the fact that when there's was asked for and demanded it was turned over. now again there are a lot more details to your very good point that we don't know about, but what you do know and if any of these charges were to stick, any one of them, could land him in prison for the rest of his life. >> yeah, i mean, listen. again, he's going to, everybody is innocent until proven guilty so he's going to have his day in court, but you do have to

scratch your head a little bit. the department of justice is reporting to this president is trying to take out his political opponent, so that's what the american people are seeing and of course, this thing will have to play out in the court system and we'll have to see exactly -- neil: do you think they gave him ammunition to do that though, sir? fairly or not, that there's enough there with enough investigations going on, all concurrently and some to come that this might be a target ed attack on president trump but he gave them plenty of ammunition. >> well, i mean, again, i'll say it again. it looks political. obviously, why those documents weren't just sent to his presidential library, you know, that's a head scratcher for all of us but again when you see boxes from the vice presidents time in his delaware home, when you see what was on hillary clinton's private server , that's where you just scratch your head and you say hey is there a two tier system just because you're attacking trump on these issues but let's

get back to the point. ron desantis can beat joe biden. ron desantis can be there for eight years ron desantis is the leader that we need. neil: got it. well it was a big deal. you're the first governor to endorse him and that carried considerable clout. kevin stitt of oklahoma, thank you for taking the time. >> thanks so much. neil: in the meantime, want to take you to yack it dewhat those folks have cooking up about 12 minutes from now. jackie: good afternoon, to you, neil. that's right. look, as the candidates are getting some steam towards 2024, it seems to be a race between hand-outs and fiscal responsibility. the progressives continuing to push for free college and much more. plus, the top cities in the united states where your money goes the farthest, and we've got a special guest who isn't human and no, it's not my dog friday. more "coast to coast" after this . like a smart coffee grinder - that orders fresh beans for you. oh, genius! for more breakthroughs like that...

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neil: you know, i love having on kevin hassett the former counsel of economic advisors, talking about all sorts of thicks economics obviously, the federal reserve but kevin if you don't mind i'd like to start off with something that kevin stitt, the oklahoma governor, is finding out. by endorsing someone else other than donald trump, donald trump coming back on like a ton of bricks and that's obviously the

former president's prerogative, but do you ever worry if you say something out of turn yourself, about donald trump, that he'll come at you? >> oh, you know, i think that politics is a rough sport, and everybodies hard on everybody else and it's unfortunate that sometimes it gets pretty negative. neil: but you rise above that. you don't weigh in. you don't do that, but yet, it can come back to bite you or potentially. >> i mean, yeah, you know, but i don't work for donald trump anymore, and my job is to talk about the economics that's going on in the world and be truthful about it but i can tell you that when i started remember i think you and i first met when i started working for mccain in 2000 and when i started working for mccain in 2000 the senior person on the bush campaign, i don't to if president bush told him to do this called me up and said you're finished in washington. we'll destroy you. you're working for mccain. i'm not kidding. neil: [laughter] >> it's politics. neil: it is politics, but do you ever worry about that in the

back of your mind. you might slip or say something about the investigations? you have, but all of a sudden, you're dead to him. >> i just talk about what's going on in the economy and that's like when you asked me questions about things that aren't economics, and overtime it happens now and then i just say well it's not my area of expertise. so, i think that it's unlikely talking about the economy is going to get any politician for or against -- neil: kevin, you never know. you said about the economy, you know the federal reserve did yesterday, pausing on rates. i always go back to what donald trump had said about jerome powell that he regrets choosing him to run the federal reserve. i don't know any updated views on that from him, but there are many who wonder whether the fed has gone too far with these rate hikes. what do you think? >> well i think the fed hasn't gone far enough and i do remember you could google it at one point president trump said

that jay powell was his most improved player [laughter] and so i think he did change his mind a little bit about chairman powell, but frankly, you know, inflation is still pretty high. if you look at core cpi, then it's basically been 4.7 or 4.8 going back to the fall. the 12-month changes are a little weird now because there were some really big months last year, and so inflation is still high, and the fed recognizes it which is why they are saying we're going to move again next time and so to have a pause right now just doesn't make any sense. in fact, all of the economic data has surprised on the upside since the last meeting so how is it you suddenly have to pause? neil: kevin, thank you very much we'll have more after this. ing 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.

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neil: the fascinating thing is not just that the dow climbs a wall of worry, it is short worries and back to enthusiasm and deal with the prospect of rate hikes of this year. unquestionably a bull market. jackie: markets not fazed at all today. jackie: i'm jackie deangelis. taylor: i'm taylor riggs. brian: and i'm brian benberg. welcome to "the big money show".