tv Cavuto Coast to Coast FOX Business June 28, 2023 12:00pm-1:00pm EDT
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are to answer i'm going to disney world after winning the super bowl? lawyer renn, you're up. >> joe montana. ashley: it had to be a while ago. i'm with you. i think it was joe montana. let's have the answer. phil simms. we're in new york and didn't get it the giants quarterback kicked off the tradition after they defeated the denver broncos in super 31. back in 1987. >> sorry, joe. super bowl xxi, phil simms. ashley: that's it for "varney & company." we'll be back tomorrow. "coast to coast" starts now. ♪. neil: "bidenomics" rushes buying it? the president is pushing it. the president is selling it.
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tying to a economy rounding the bend and nowhere near a recession, no worries. republicans scoff, but looking at the polls for all of his troubles joe biden seems to be holding up. what is really up, is bidennomics more than just a mouthful? we'll ask ken fisher who puts the politics aside but not the underlying market recovery. he says it is real. he was on it before everyone. governor brian kemp the president's electric vehicle policy, president taking credit that georgia has been leading, not washington. we have a big debate and a big show. welcome, everybody, i'm neil cavuto. let's to bo to kenny polcari, with the market comeback after technology stocks after getting a bit after drubbing on word we'll not ship much of these chips that hit nvidia, all these
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stocks. they're rebounding now, kenny what do you think? >> i think that knee-jerk reaction was just that a knee-jerk reaction. this is not news. it was something they had been talking about a while t didn't cause me any concern. i would love to see nvidia back off. it is going up in a straight line. it is clearly not going to happen. it is recovering today. it moves higher as the a.i. story continues to be the story of the year. neil: i wonder if that follows through with companies not being able to deliver their chips to china? then you have toe worry about what china then stops delivering to us or whether this gets to be a very expensive tit-for-tat. then this technology rally could stall, couldn't it or not? >> well you know it might stall but i think too, i think this is a lot of noise. i think ultimately there will be a workaround, there will be some way to get it done because look,
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we're manufacturing the chips. china is going to get them one way or the other if they really want them in my opinion no i'm not necessarily worried about this thing spinning out of control if we do this china will do that, if we do this china will do that i don't think it will get there joe biden has a great, great relationship with china. i think that could head that off at the pass. that is just me. neil: meantime a lot of folks are trying to gleen something from the earnings we've gotten and some mixed reads we've gotten. the latest is general mills kind of like walgreens yesterday, telegraphing slowing sales, sluggish consumer, do you buy that? >> listen that was complete contradiction to the macro data. consumer confidence is soaring. people are spending money like drunken sailors. look what happened to the airline industry, cruise industry. people are traveling, pent up.
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that whole weak consumer thing doesn't make sense to me after we saw the action yesterday and see macro data for general mills to come out, walgreens to come out to say the consumer is suffering. it is a mentioned bag. one day they're the consumer suffering next day they are not. i think the consumer somewhere in the middle. do i think it will get worse, rates go higher, people feel more of a pinch if inflation doesn't come down? sure. i don't think the consumer is spent yet. while they have every reason to be spent i don't see it. too many other places in the economy have doing very, very well. have you been to an airport recently? have you tried to go on vacation? it is crazy. neil: when you see lines outside of sane that bonnes at the airport? forget it. >> it is unbelievable. neil: thank you, kenny polcari with the great read on the markets. meantime the president, bide
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mennomics, new reagannomics, providing lot of jobs maybe wind politically at their back. edward lawrence at the white house with more. the president is arguing it is not a tough sell. how is the administration handling this? >> reporter: the video you're saying the president live in chicago. he left the white house here earlier. that is where he is now. the president is trying to cement the term "bidenomics" way to raise his poll numbers. not talking about any changes in policies. the president will highlight any spending he signed into law as spending. economists say already started to push that inflation going forward. this morning the president saying the economy is strong, listen. president biden: i've been hearing every month there will be a recession next month. the consensus 2/3 of economists and major leaders in the banks think we'll not have a recession. i don't think we will either. >> reporter: so the white house
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embraced the term "bidenomics" even though the president said this on june 17th, listen. president biden: i'm pretty sure you saw it in your home. well i saw it in mine. not a lot of trickle down from my parents kitchen table when i was growing up. so we're changing. we decided to replace this theory what the president is now calling "bidenomics," i don't know what the hell that is, but it is working. >> reporter: two weeks ago he didn't know what it was. we have a major address in chicago about bidennomics. so i pushed this about this all-in ev approach when it comes to how more expensive or how it is more expensive than first thought from companies, listen to this. layoffs, specifically talking about the auto industry, for example, ford is saying they're laying off workers to afford the cost of the transition to ev. first quarter of this year ford lost $700 million on their ev program. lost 600 million last year. so is that what we can expect
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with "bidenomics." >> looking across the economy broadly we're seeing signs of progress. we're seeing as i said just a moment ago, record low unemployment, record small business starts, jobs that are coming back by the hundreds of thousands. >> reporter: a little more expense system than they thought but some people, the president is trying to change the perception of what people are actually seeing when they go to the stores and what companies are actually feeling. neil. neil: bottom line, since you asked those very nasty questions your white house pass isn't working, is it, that is why you're outside talking to me, be honest. >> reporter: i get the special kurt check. neil: it is lawrence. edward, great job as always. edward lawrence following all of those developments. politics who is backing whom. this was a shocker when we learned the florida police benevolent association will back ron desantis for president. now four years ago it was donald trump, not sew this go
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around. he tells us why, he is the president of that association. john good to have you. why the governor and not the former president? >> well first and foremost, neil, i would like to tell you and your audience that we respect the heck out of president trump but moving forward you know we endorsed governor desantis in 2018. then came the riots in 2020. we saw the defunding of the police. however you know what? there wasn't any lip service from the governor. they enacted a law in the state of florida that you cannot defund the police, these cities, towns, states. you know what? in we saw this last go around in the state legislature, what they did with enhancements of salaries and benefits for state law enforcement employees and correction officers. i mean he delivered on that. he delivered on pension reform. you know, thank god for that because we lost a lot in 2011 with pensions and we're almost back to where we were in 2011. he delivered on that.
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mental health, we have a big problem across this country with mental health with police officers. in the state of florida and the governor delivered on that also. so we can see what has been going on in these states, especially new york, chicago, out west. listen, they're having a hard time hiring police officers. however florida is not like that the governor gives them bonus, they're moving into florida. look all the people moving into florida by the thousands because they feel safe. neil: let me ask you whether you heard anything from the former president on this? has he called you, you called him, what? >> no. he hasn't called me but i did get a call last night from the governor thanking the pba for the endorsement and for the support. i have told him he supported us since 2018 and we got his back. neil: obviously the governor very proud of this, it is one of the few chits he has in his
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favor versus the former president. he is having a tough time of it in the polls. are you concerned about that? or are any of your members concerned we might be backing a loser here? >> no, absolutely not. you know we got a long time for the first primaries to begin and we're going to get out there. we're going to help the governor boost up those polls. neil: you know, john, much you talked about florida right now and all the influx, thousands coming in from all over the country there has been concerned crime could be a problem simply dealing with the volume of people now calling themselves floridians. does that worry you? is the state prepared to handle all of this? >> i think they are. we beefed up our ranks with law enforcement thanks to the governor and, i'm going to tell the people out there, especially these criminals, you know, if you do the crime you will do the time here in florida. neil: so, when you look at crime that has spiked in some areas, are those local issues?
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are they not a sign of bad elements coming in and dealing with that or trying to take advantage of new people coming into the state? >> no. absolutely not. those are all isolated and we got a grip on it, let me tell you, with the 67 counties we got in the state of florida, all sheriffs, chiefs, we're on board. we're ready, we're ready to go. neil: all right, so if donald trump were to take the republican nomination after all of this would you then be backing him? are you going to back whoever the republican candidate is or how would you describe it? >> yeah, so, listen, we had a tough time making this decision and the governor of course, he had a slight edge over the president. if the president, if he goes on to get the nomination for the republican nomination over the primaries we'll have his back. neil: got it. the florida police ben negative
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lent association president, surprising a lot of folks with this back of one ron desantis governor there, over the other famous floridian in that race, former president. we'll keep an eye on that. we'll keep an eye what is going on in georgia now, his governor is famous for bucked the trump tide, telling about it, getting reelected in close to a landslide but he has some battles with the present white house occupant over electric vehicle policy. he is all charged up about it and he is here to talk about it. ♪. a third kid. what if she likes playing golf? it's expensive. we're outlawing golf. wait. can i still play? since we work with emower, we don't have to worry
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♪. neil: all right. on a day the president of the united states is pushing "bidenomics," saying it is working there is one key aspect of that with him, the governor of georgia very much disagrees, that is the president's push for electric vehicles and a federal policy that he says is over the top expensive and unnecessary. that governor, brian kemp is with us now out of atlanta. governor, very good to see you again. >> great to be on with you, neil.
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neil: let me ask you a little bit about, i know you don't like the president's ev policy but you have been heralding facilities including one in your own state that the white house claims is possible because of their federally-backed funds. those funds made this possible. what do you say? >> well, listen, neil, we're making georgia the e-mobility capital of the country but this was happening long before the president's policy passed. i-ra passed as you know we announced dozens of hemant lakhani trick businesses in florida, including the rivian plant and the transition before i became governor. secretary ross came down for a expansion of the groundbreaking. we did an expansion early in my
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administration. so my point on all of this is the market was already working here. what the biden administration did in the congress without republican votes is manipulate the market, pick winners and losers, ended up hurting companies like hyundai, kia and rivian and that is just not, not the way it should work. we ought to either have incentives that treat everybody fairly or we shouldn't have them at all. neil: you know, governor, knowing i would have you today, sir, i was interested, fox has these power rankings we release, they're fascinating. show some battleground states, yours not surprisingly among them but the odds favor democrats right now in the 2024 election up all the way to the presidency. does that surprise you as things stand now? >> well, i haven't seen the power rankings. i can tell you that i had a very successful 2022 reelect against a very strong, well-funded,
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nationally-backed candidate, stacey abrams as you well know, won by almost eight points because we told people what we were for. we stayed focused on the future and we had candidates running in georgia on our on the statewide level and they won. we had had lib terriblians in the race, didn't have any runoffs. that is the playbook for republicans in 2024. we have to be forward thinking and not looking in the rear view mirror talking about elections that happened in the past and things that happened in the past. we need to tell the people of this state what we're for, what we'll do for them, to help combat joe biden's 40-year high inflation, his disaster at the border, high interest rates and really government spending propping the economy up. that is not going to last as you know, neil. neil: you did win in a walk relech. you left out there, always a
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gentleman about it, how much donald trump betting, hoping you would lose. he cites you again and again even over the state's covid handling a couple years back. i will get into that, governor. but the president's former chief of staff mick mulvaney says republicans are in trouble in your state among others. he mentioned battleground states like arizona as well, potentially, potentially because of his attacks on republicans because it will boomerang, hurt republicans, what do you think? >> well listen i got attacked unmercifully in the primary and general election and still won. i was a happy warrior. i was focused on what georgians are concerned about. good paying job and kids in the classroom and fighting even with the opposite party at the local level keeping communities safe and go after street gangs, violent criminals and do something about the drug cartels
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bringing fentanyl across the southern border. even when president biden's administration will not do that. that is a winning formula. that is what we got to stay focused on. if we're talking about things they don't care about, things that are in the past, either from 2022 or 2024 people have short-term memories. they're not worried about the past. they want to know what elected leaders will do for them in the future. that is what i stayed focus on in my re-election campaign. i believe that republican presidential candidates if they will do that in this election, they will be very successful in states like georgia fix donald trump were your party's nominee, forget about whether you would support him, do you think that would all but guaranty your state tips democrat? >> we, i wouldn't want to say that he couldn't win georgia. i think if he stayed focused on a positive message, talked about the good policies he did in the past and told people what he was going to do in the future i
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think there is a chance he could win georgia but if he stays focused on you know the election was stolen and things of two years ago, i think that is going to be a very tough road for him or any other republican that is running. neil: but you know can't let go when it comes to you, governor, not too long ago he blasted you for your decision to reopen parts of georgia's economy during the first weeks when everyone was locking down. even the "atlanta journal-constitution," sometimes editorially, no great friend of yours cried foul on that, saying the president was rewriting history but how did you feel about that attack line? >> well, listen, that was, that was a brutal three days. i remember it well. he attacked me on national television, at press conferences three days in a row. i told people he ran the bus over me the first day on monday night. backed over me tuesday night. ran me over again on wednesday night. but listen, neil, i wasn't
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listening to him. i wasn't listening to fauci or birx either. i was listening tour people, parents, working georgians we'll not sit in our basement to lose everything we got. that is who i was fighting for. that is why i did not waiver. i know that first-hand. both marti kemp my wife, first lady both in the situation before we didn't think we would make it in our small business to the next friday after barely getting through the one we were sitting home past on a friday night and back in athen guess, georgia, that is a bad feeling when you can't pay your bills or provide for your family. i know that is how a lot of georgians were feeling and i didn't waiver and i think we were betting off for that, neil. neil: we're told any day now there will be indictments against the former president in georgia recall that was going on a lot of q&a back and forth with your secretary of state, also
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easily reelected. is that likely? do you know that is likely. do you know what the impact will likely be? >> i have no idea. we'll see what the special grand jury does. i think it is pretty ridiculous quite honestly it has taken this long to get some sort of resolution whatever that is going to be but that is certainly something i can't control. just like all the indictments at the end of the day the jury and the judicial branch will decide those type things but here again, i think that is a good reason for us to stay focused on what really matters going into the future when we're talking to voters that we're trying to get to help us win a presidential race. neil: you did just that. were easily reelected doing just that governor, always good seeing you. thank you, sir. >> have a great day, thanks, neil. neil: you too. governor brian kemp of the beautiful state of georgia. i want you to take a look at the chicago skyline right now. it is heading east.
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♪. neil: all right, get together airport and see stuff like this. your flight has been canceled. it happened thousands of times and building again today. blame the weather partly. united airlines blaming number of other developments. grady trimble on top of it all at reagan national airport in washington, d.c. welcome, my friend,. >> reporter: neil, i'm happy to report things are getting a little better today. the bad news there are still more than 3,000 delays and cancellations across the country
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and it is not just weather the airlines are dealing with today. i want to show you the new pictures we're getting in out of charlotte, north carolina. delays are stacking up in that city's airport after this plane landed without its nose gear. everyone is okay we're told. but passengers had to get off the plane on the runway. crews had to figure out how to move the plane from the middle of the runaway. that is on top of thousands of cancellations and delays this weekend particularly on the east coast and especially at the new york area airports after that bad weather. passengers have been waiting in long lines, sleeping in terminals, trying to get rebooked on new flights, sometimes having to wait days to do so. united as you mentioned has been the hardest hit. on the worst day for the airline flightaware says it canceled more than a quarter of all of its flights that day with even more delayed. that led to some fingerpointing. in a letter to employees united
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ceo scott kirby called out the faa for not having enough air traffic controllers, particularly at the newark airport. he says the faa frankly failed us this weekend. we estimate that over 150,000 customers on united alone were impacted this weekend because of faa staffing issues and their ability to manage traffic. the transportation secretary who says some of his own flights have been delayed and canceled this week he says this week's problems are actually an improvement from last year, if you can believe it. >> what i will say that overall we've seen the system perform much better than it did a year ago. i think that reflects the work we've done. i think it reflects airlines stepping up. i want to give them credit where credit is due. clearly a long way to go. nobody can control the weather. anything under our control at the faa we'll be working on. anything under the airlines control they need to step up and take responsibility.
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>> reporter: united said they will be overstaffing to be ready for the busy 4th of july travel weekend, neil. they say they will ready. it could set records. i hope they are right. neil: thank you very much, for that, grady. amy freeze, fox weather meteorologist now you got the weather and smoke coming in from the midwest. anyone flying in and out of those regions, wide regions, what is the latest amy. >> you're right, visibility can be impacted so if you're flying pay attention to that but, neil, i think the one important matter in both of these regions in the eastern half of the u.s. it is very difficult to forecast where the problems will happen. we can tell well where the air gauges do not do well, produces poor air quality. these are the alert sections. if i lived anywhere in the east of the mississippi, upper midwest, the reason why is the way we get future data looking
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at the satellite indicated fires along with the estimated fuel they have to burn. that is the how the algorithm works but when you're looking at a satellite wildfire you may not get exact data what is happening on the ground. these are reads of visibility. it is reduced. any cameras show us it looks real bad. the gauges reading real time the air quality is unhealthy i have a cross illinois, wisconsin, ohio. even detroit, michigan reading over 240 particulate matter. the smoke tracker here shows some relief coming. what that is, is storms. so we're going to have a price tag to pay severe weather comes in mitigate wildfire. storm energy is enormous in economic go as warm front lifts out. we have heavy rain and storms coming in. that will clean the atmosphere. strong wind sheer and hail come with the storms. neil, we had tornado reports last seven days in a row.
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june has been unbelievable, the storms coming through. in chicagoland area tomorrow this is problem predawn hours, mid-morning that will create more delays for folks. heads up for the smoke. neil: thank you very much, amy freeze on all of that. remember at the beginning of this year everyone was frantic after the awful stock market year stocks would continue tanking. that is when ken fisher was coming on saying the opposite. he was a loan voice of optimism for stocks. what is he saying now? he is next.
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off of its bludgeoning levels. of course that stock has more than tripled in just the last month or so but the fact of the matter is this market continues to climb that wall of worry. none of this is a surprise to fenn ken fisher, fisher investments founder, chairman joins me right now. ken, that aspect of this rally, how it defies the consensus. can it continue to do that in the second half? what does history say? >> a little like your meteorologist in the prior segment things are not always so perfectly clear and forecasting can be tricky but the, my view is that this should be a perfectly fine back half of the year. we're just ending what i call on your show before the mid-term miracle, the nine months that start on midterm election year, the nine most significantly
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profitable months in stock market history, no matter what you say. the aftermath of that in the back half of the years, the back half is positive5% of the time. it is on average two quarters together about as good as one of the quarters that we're just ending, 7.% median returns. future ahead has good point. people don't get this. everybody expected housing to be down. housing is up. manufacturing activity, last three months orders are rising when people weren't expecting that. we're coming into earnings season. earnings will exceed dour expectations. it's pretty good world. happy times are here when no one can believe that because we're still climbing that wall of worry and pessimism of disbelief remains strong, yeah but, yeah but, yeah but. the reality is as i said a couple months ago on your show talking about chauncy gardner,
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when chaunce any gardner said there would be growth in the spring, we're having growth in the spring, having reset off a classic mid-cycle slowdown and it is not that bad of a world when people think it was a bad world. neil: that was a great movie. but i digress. walgreens or general mills might be raining on that parade. signaling that the consumer is being closed to tapped out. they're not saying that, but their stocks have been roughed up a bit since they telegraphed problems. does that give you any concern? >> let me go back to what i said before and put that into the perspective to what i said in prior shows. this is a classic world where high quality growth is what's leading the market, whether it's tech, consumer luxury but those kinds of things which are consumer staples should be classically lagging in this time period and an awful lot of the
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market is not doing so well and you hear a lot of people talk about narrow breadth being bad. the reality is, and people don't get this they just don't get this, it's too complicated for really smart people to understand. the fact is if you actually look at state tisally, narrow breadth, few stocks leading the market, bullish, not bearish when they all think it is bearish and when you have a period like we had from december to the end of may, which was the fastest falling decline in breadth in stock market history we have other fast examples of narrowing breadth which are also followed by repeatedly very bullish aftermaths. this is a bullish time. neil: followed by bullish aftermaths, narrow breadth will telegraph wider breadth more participates. >> down the road, yes. neil: that is the next question
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then. because that is what a lot of people worry about. this did extend to some small cap stocks, not all of them, that was about the extent of that extent. where do you see this going? >> exactly. you're exactly right, neil. the way this typically works, when you see this rapid decline this breadth with a rising market is with this pessimism of disbelief and brick after brick after brick of the wall of worry, new bull markets have to climb and with that you get past that extreme pessimism and skepticism phase and as you get into that which is maybe in the end ever the third quarter, into the fourth quarter, breadth starts to broaden out. you start to get over that pessimism of disbelief and the bricks start to fade away, the bricks in the wall of worry but you know, just think about this year. think of all the things we worried about, whether it is the banking crisis which is now old news. the debt ceiling causing a
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default. you and i talked about that the last time i was on your show. this goes on and on and we still have a world that's scared. let me make one more point. we had covid. covid was a big deal. we're past covid but if you go back and take the government shutdown out of this covid experience and look at the history of what happened with the great influenza in 1918, 19, into 20 the periods are not that different in terms of what weren't on with the economy, what things did well, what things did badly. the fact is i think right now too many people are looking at history but looking at the wrong history. they're looking at yield curve inversion. looking at leading economic indexes, they're looking at manufacturing pmis. this is a period like history but it is not the normal history because it is not a normal period. neil: consumer confidence is surprising people.
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that's been stubbornly high, new home sales highest in 15 months. we're seeing a lot of this kind of stuff. even canadian pacific if you want to use that as a proxy on the economy and you're carrying more stuff and they hunt they will have very robust business, does that confirm with you that next year, this could extend into next year? >> no. not at all. a long time ago, i couldn't tell you how long ago it was, my friend, from a university documented that consumer confidence is slight lagging indicator to go the s&p 500. it is not a leading indicator. neil: interesting. i wanted to touch on something that caught news to me, maybe it has been out a while, you're moving your headquarters from texas to washington state. you would move from california to washington state. i guess they were imposing this capital-gains tax, 7% tax on those exceeding $250,000. was that the reason and is dallas the last stop for you?
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>> so i never know where the last stop for me is. it is usually the exit door but the fact is that, the fact is it was not the capital gains tax. it was the literal interpretation that the state supreme court made where effectively they made a mockery of the law. the state constitution in the state of washington is very clear and simple language that any form of an income tax is unconstitutional that has been true since 1931. the fact is capital gains has been defined by the federal government, by 41 states in the united states of america, but dozens of foreign countries as a subset of income. for washington to allow the state legislature, voters never wanted to do this, to pass a capital gains tax that walks like a capital-gains tax, talks like one, acts like one but named an excise tax to bypass
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the rule because it is called an excise tax, that is a mockery of the law. the washington state supreme court has been doing this at an increasing rate. you say to yourself if you don't have stability in law, you shouldn't in my opinion be having your headquarters based there. neil: interesting. dallas it is. ken fisher, great seeing you again. thank you very much. >> thanks for having me, neil. always freight to be with you. neil: same here. i want to go to jackie deangelis what she has coming up in about 13 minutes. jackie: good afternoon, neil. president biden is in chicago today touting his economic record but one in three americans say "bidenomics" is not working. we have sean duffy, dagen mcdowell on that. plus $200 billion in covid relief t might have been stolen. we have new details from a new report. also larry kudlow stopping by. first more "coast to coast" after this r. it changes how you eat,
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♪. neil: you know we threw a lot of cash at covid and now we're getting word a lot of that cash got into the wrong hands. hillary vaughn with more on capitol hill. >> reporter: neil, about $200 billion worth of stolen taxpayer cash. that's about 1000 bucks for every u.s. taxpayer in the u.s. when you divide it up that these fraudsters got a way i with
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filing fake applications with the small business administration to try to get some of the covid loan relief money. the office of the inspector general releasing their findings into the sba's pandemic assistance loan programs. the numbers are not pretty. the sba paid out about 1.2 trillion in economic assistance. at least 200 billion of that, the i.g. says was paid to scammers. the task force working to get the money back has been able to reclaim about 31 billion in the stolen money. they have also cracked down on the criminals behind it. over 800 arrests, more than 500 convictions so far but the sba is issuing their rebuttal to the inspector general investigation saying they are flagging potential fraud and treating if it is real fraud saying this. we're concerned that the white papers approach contained serious flaws that significantly overestimate fraud and unintentionally mislead the public to believe that the work we did together had no significant impact in protecting
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against fraud. one scheme that was detailed in this report, the i.g. calls the romance scam where fraudsters targeted people looking for companionship online. they manipulated the people to give their personal info. then the scammers used that info to apply for pandemic relief. the total amount that this network of thieves was able to get away with, $10 million. a big chunk of that from more than 250 fake ppp loans. the victims of this romans scam, neil, not only got their identities stolen through this but may have ended up with a broken heart too. neil? neil: double jeopardy. hillary, thank you for that, i think. hillary vaughn on all of that. remember all this talk about the wagner group going away after that failed siege of moscow? turns out it's not. not even close.
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us. what do you think of that if they are not sticking to that? they are not going anywhere. >> reporter: great to be with you. vladimir putin needs the wegner group. prigozhin has boots in the bud in ukraine for 16, 17 months and showing the leadership of the russian military that has been sipping tea back in moscow and being incompetent and that was the real reason behind the rebellion. wasn't so much true against putin even though he called it that. it was really a march on the compound of the ministry of defense and prigozhin had enough, his troops being shelled, not getting approved, not getting the ammo they needed to sustain combat operations and so he turned
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around and marched on the ministry of defense and they cut a deal and putin defused that situation quickly to get to the task at hand which is prosecuting the war in ukraine illegally. that's my assessment. 50,000 troops from prigozhin in the wegner group. neil: vladimir putin is not winning any badges of honor this past weekend, coming back when normal conditions were clear but should he do that these days? >> i think so. i think between him and -- remember that prigozhin was vladimir putin's chef and that he owned a restaurant when vladimir putin was deputy mayor and how he got his break, supplying food to the russian army and then he said i can start the military contractor
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business and has been paid $1 billion to prosecute this war. he's in trouble but also powerful so vladimir putin defused the situation because he saw a mini berlin wall movement happening, though twitter and all that happen. he saw wait a minute, if it gets some traction, some steam, a lot of these guys are ex-convicts released from prison that are now part of the wagoner group, they will lay death and destruction at the doorstep. that is "my take" on it. neil: now to the next hour. jackie: i'm jackie deangelis. taylor: i'm taylor riggs. brian: and i'm brian benberg. welcome to "the big money show".
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