tv Cavuto Coast to Coast FOX Business August 21, 2023 12:00pm-1:00pm EDT
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before, they get the results on wednesday afternoon, the expectation for a huge jump in profits. >> fifty-one cents a share to $2.7 a share, that would be a jump. >> that stock is worth a trillion dollars, up $20 as of now you have to wait until 4:00 o'clock wednesday afternoon watch fox business angel see the results come tumbling out for nvidia, however, you wish to pronounce it, time is up at "varney & company" but if you stick around for the next six or seven seconds you will see the opening of a terrific show called "coast to coast" starts now. neil: the republican debate might still be a couple of days away but donald trump is not there, is not going there but a other republican presidential candidates will be making a beeline for there, don't get us started on the two others, were
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here big republican donors are making secret overtures, will get behind what and who is behind the feelers to the likes of georgia governor brian kemp and virginia governor glenn youngkin. all of that in stocks trying to break a three week slump, guess which high flyers seem to be front and center this week, what are the still flying higher, can you say nvidia and time for "coast to coast" right now. ♪. neil: welcome everybody, i am neil cavuto, happy to have everybody. let's get right to it, all eyes on milwaukee, wisconsin were the big fox news debate, you might've heard one or two things over the past couple of weeks or months, alexis mcadams is there in the thick of it in milwaukee and they will eventually make their way there and to have a stage minus one.
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the former president donald trump has been posted to social media saying he's not going to show up in the other candidates that qualify will be even though his name might be hanging over the debate stage and as we learn more about the candidates, were also hearing why we believe they could be the best choice, take a listen. >> this is the beginning of the general election, a lot of families have been out in the summer, the getting the kids back in school and their dialing to the fact that were to be electing a new president within a year. >> this morning preps have been underway and downtown milwaukee, wisconsin as the debate stage the pfizer forum is getting set up which is the home of the milwaukee bucks, the main event is politics in wisconsin, the eight candidates that are qualified for the debate hitting the mark for polling, fundraising and signing the pledge that they will support whoever the nominee may become a former arkansas governor aishah had hutchaction aishah hutchins.
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>> he says donald sharp is awkward be the nominee of the party. >> former president donald trump says he will not be coming to the debate because he is so ahead of the polls, some competitors are pushing back. >> i think everyone should debate, if you qualify, i think you away to the people to put out your vision and talk about your record, answer questions about your record and decisions you made or not made. >> he is a coward there is no other conclusion to come to the he's afraid of me and afraid of defending his record and if i had his record i would be nervous about showing up to. >> although donald trump won't be on the stage as you heard, the candidates will be talking about him so his name will be a hot topic but it's going to get the other eight people up there a chance to shine and talk about the policy and try to connect and win over american voters.
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neil: alexis mcadams, thank you for that. what is at stake a couple of days away without the premier pool jumper, we build a an editorial board member and david back with us a former new york democratic state senator, welcome to both of you, bill we begin with you, donald trump is saying i lead in the polls, the american people are already speaking, my record is a proven one, there is no reason for me to be there, is there any damage or risk to him not being there? >> there is a fee leaves and momentum. if you have a big lead in a basketball team and try to sit on it, when the momentum shifts if someone pulls an upset in iowa or compton a high second you can lose momentum, right now it looks like a safe bet for him. there is a content for republican voters, not giving
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them the chance to see all the candidates the way they had in 2016 and ronald reagan didn't debate anyone in 1984, the differences reagan was a sitting president, donald trump is coming off the defeat. i think you would want to speak to republicans and say why he's the best to go forward. the reality is it hurts all the other guys more than trump given his lead, it makes it harder for them to break through but it could come back to haunt donald trump. neil: you rated this point about ronald reagan 84 he was on the polls to be renominated, he did face walter mondale in a debate in the general election. let me get your take on this, for democrats the consensus seems to be building that they
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wanted nominee to beat donald trump, they don't wanted to be anyone else, if you look at poll numbers, the fact of the matter is it is a competitive race for donald trump as well with joe biden and other republicans but as far as donald trump being unelectable, the numbers early on in these polls don't show that. >> i think donald trump has peaked and i think we'll see that after this debate i think it's a mistake not to show up running the rose garden strategy since 2016, the world has changed, the political climate has certainly changed in the past seven years, i think this is a major miscalculation for donald trump everyone wants to run the rose garden strategy because it's easy but he's going to face the facts that there's a lot of people unhappy with him and i think democrats are excited because what is donald trump do he energizes the democratic base like no democrat can he's running against joe
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biden who has beaten him before, i don't see any new voters in when you refuse to show up and debate how are you going to draw new voters to your camp when you're not talking about new ideas in your bashing of living every problem in the world on other people and talk about what you get to do to make a different. neil: real quickly, this interest on the part of donald trump to debate you could say the same about joe biden weather comes to robert f kennedy junior, what do you think of that the notion that joe biden is being dismissive of rfk and wants to draw little attention to him, no debate. >> there is a big difference, joe biden is a sitting income that president just like donald trump refused to debate republicans in 2020 and just like ronald reagan did in 1984, those are reasonable things to do in a political strategist
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would always air on the side, avoid the debate, avoid the confrontation and don't give you the trouble. neil: neither of those gentlemen were facing a candidate getting one out of five democratic voters to his side. >> that's a little high saying kennedy is one out of five. he is losing in the polls to know rfk junior is to not like him and particularly democrats, when rfk opens his mouth and talks about policies and you don't know is him, you think is running in the republican primary, that's where he would be better suited, biden has no challenge from rfk junior, the bigger challenge will be if rfk junior flips and runs as a vice president for one of the candidates that is more of a potential but rfk junior is way out of line with the democrat party and i don't see him standing the chance. neil: you might be right but the very few are facing opposition
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that score 17 or 18% of the polls and that could change bill mcgurn i want to switch gears to a number uncomfortable with the donald trump biden rematch, among them larry hogan the maryland governor who is increasingly looking to an alternative, i want you to react to this from larry hogan. >> trump biden of the nominees is likely no labels will get access to the ballots and offer an alternative and if most of the voters don't want a or b, we have an obligation to give them see for the good of the country. neil: will make that much traction, we talk about an alternative party candidate, never seem to evolve to much. >> did you watch the big opening in new hampshire about a month ago, such a dad, they announced that the running as an insurance policy and not exciting already.
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in theory would you be open to a candidate who is really good and not part of the usual political structure of either democrat or republican and everyone says yes but the guys like joe manchin, he is unpopular in his own state with his own party and a lot of the other guys are retreads from years ago, they say they're not going to run if they're just going to be a spoiler, i don't see any future of that, that means it's really just virtue signaling. the problem is in popularity that republicans have is republican voters like trump, he he is a huge 50-point lead over ron desantis, something like that so they have a majority of republicans that are for trump. i think joe biden is more unpopular in his own party but
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again that disguises one thing, a poll a little while ago showed two thirds of democrats wanting someone other than joe biden heading their ticket, 80% said they support him if he were the nominee. i'm not sure of the dissatisfaction with both candidates is quite what it seems. neil: it usually does not pan out by election day, we will watch it closely. i want to thank you both, draw your attention to the dow, august has been awful this far, if you think about it, the dow is down north of 30 to half percent, the s&p about 5%, the nasdaq is looking at a 7% skid, anthony chan is with us the chief economist always great to see you a lot of that because in interest rates have been backing up and we have interest rates to tenure 16 year high it could go higher in mortgage rates 22 year high it could go higher, what is
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driving this. >> we have a lot of debt that is increasing all of a sudden interest rates are rising, now stocks have a competitor in the competitor is the bond market and were also facing the fact that banks and financial institutions are tightening lending conditions. if you look at credit card loans or if you look at auto loans in terms of weathertight or not this is the tightest they've been since 2009 so the market is facing a lot of different factors. >> is the stock market respond to that, we've had high money market rates around 4.5% to 5% but more people discover i can get foreign half, 5% more on my money and not deal with the craziness of wall street. >> that's right if you look at a six month treasury bill rate is very competitive. neil: do you think people are doing that we know a record number poured money into the
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money market accounts, do you see that continuing. >> is because long as interest rates remain this high that will continue but there is another factor out there, when i look at this little mini meltdown in the market i'm not worried, the reason i'm not worried, you see the utilities index has taken a big dive even relative to the market, the market is up double digits in the utilities index is down. neil: that would be where people would flock and also the fear index and the vixen what have you that is not showing craziness. neil: you think this is a one-month aberration. >> i think this is a little bit of a pull back in the breather but the long-term fundamentals are good we see the atlanta federal reserve telling us were getting a 5.8% growth. neil: what are they smoking, 5.6% in the quarter, you're good at these numbers.
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>> i will tell you i studied the index, i did a research report and i write under the people's economist and i write about these things, one of the things that i found. neil: that is well north of the consensus back i understand but one thing you have to keep in mind the atlanta fed is looking at all the data that is coming out remember we only have one month. >> have they have been accurate in the past. i did this study i found is the most accurate measure of real gdp. neil: that could be the game changer for the market in the whole election. >> only if you look at the index on the day before the government reports the gdp number i'm a member of the blue chick consensus the top were 50 economist in the united states are part of that and i found the atlanta fed is better than the blue-chip consensus of which i been a member for the last 25
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years. >> if they are right that widow must guarantee the federal reserve keeping an eye on interest rates may be lifting them higher. >> not if i'm right. neil: if that is the case and that number comes out, that is exactly how the markets are going to respond. >> that's exactly that way, with two months worth of data i'm going to forecast on your show that the atlanta fed number was going to come down before the number gets released. neil: really? >> we only have one month worth of data and is causing a little bit of concern on the private market, as you said if this number is correct the fed has to be more aggressive. >> just to be clear on the record you don't think the guys are higher than a kite and plowed under that the clueless. >> one final point if you look when the cpi was at 9.1% relative to the fed funds rate, a huge difference, today the cpi is 3.2 and guess what the fed
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funds rate is 5.3% we had almost 600 basis point swing in terms of the interest-rate, lending conditions are tighter. neil: my blue-chip friend, anthony chan, a good read on all of these trends. that would be a game changer if that comes to fruition. in the meantime the dow about 186 points focusing on mother nature you heard about hillary the tropical storm, the first one california has seen in the better part of 84 years you have not seen all the proof of the flooding in a week and it's got more rain than folks in these parts have seen in the better part of a year i'm so glad we did this. i'm so glad we did this. i'm so glad we did this.
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neil: hilary was at the high-strength of category 4 storm, now a tropical storm but with incredible winds and incredible flooding and incredible numbers without power, kelly o'grady at the port of los angeles with more on how things are looking. >> it is good to see you, clearing up a bit where i am but pretty dangerous in some areas, my drive into work this morning i was dealing with pockets of flooding on the highway that is not been uncommon just now at a
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press conference, the good news allie's mirror karen bass has no deaths and no severe damage in the first responders have been very busy the past 24 hours. >> allie fd responded to 1833 emergency incidents, we received a total of 4105 telephone calls to our 911 dispatch center and this represents over a thousand additional emergency phone calls than our normal average. >> very busy indeed the mountains have been hit particularly hard that's extremely concerning when it comes to mudslides of course we don't have a lot of rain in southern california so you have houses built into the sides of the mountains for the amazing view which is concerning giving the severe weather. you can also see a lot of destruction in palm springs and extreme flooding so much so that people had to abandon their cars they did not heed the warnings
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tuesday inside, the question becomes what is the fallout, here at the port concern was running high but no operational impact, hilary could impact agriculture industry, the central valley was hit very hard because the storm moved more eastward it's responsible for 8% of the nation's food supply i spoke with farmers and they said several harvest coming up are talking grapes, tomatoes, almonds and i'll leave you with this we have not seen something like this in over 84 years, we have infrastructure challenges to deal with going forward 17000 people in l.a. without power in road still closed we entered recovery mode but were not out of the woods yet. neil: nowhere near that, thank you for that, kelly o'grady at the port of l.a., meanwhile reaction to the maui disaster ongoing, the president will be there later today. jacqui heinrich with more.
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>> the president is on his way to maui now is taking today out of his vacation to head down and surveyed the damage and assure people that have the support of the government. in the callous image that he left in people's minds when he was asked to weigh in on the devastation a couple weeks ago and said no, yes to t the president gave a statement the said i know how profoundly lost that can impact the family and community and nothing could not, i'll do everything in my power to rebuild from the tragedy and router efforts we are focused on respecting sacred lands, cultures and traditions, democrats want biden to do more than that, the pushing them to declare a climate emergency, congressman earl blumenauer saying the latest catastrophe won't push the president into action, what will. i refuse to accept that people refusing to burn alive and
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jumping into the ocean hours on end as our new normal this is a crisis and we need to treat it that way, the sargent president biden declared a national climate emergency to unlock vast federal resources emergency power to help our communities prepare and recover from the deadly climate disasters. the president does not have any announcements ahead that we know what and such a move as this could come with heavy political risks going into an already tense election year marked by high gas prices and also inflation, biden's fema administrator said the 12 billion-dollar plan to fight major weather events will not be enough, listen. >> the $12 billion was going to be able to cover the immediate needs that we were going to need to get to the fiscal year end as we continue to see the increase in the severe weather events, the dollar amount may need to go up as we go into the next fiscal year end what we need to do to continue respond to the increased number of events that are happening across the nation. neil: after the president arrives he will take a
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helicopter tour around the devastated town of lahaina he will surveyed the damage and get a briefing from state and local officials and engage from community members paying his respects before turning around and heading back to tahoe to complete his vacation which he extended by one day on the backend to make up for the day he's taking out today. neil: got it, thank you for that jacqui heinrich in lake tahoe, founder and ceo looking at the utilities that we missed, what is good have a deal. obviously hawaiian electric stock has been creaming whether to little too late to respond but more importantly we are seeing this with utilities across the country pressed for in terms of he and everything else to say nothing in the ev's that have to charge up having enough to adequately do their job, what you make of all of that? >> the federal government and local and state governments are putting utility companies in a
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bind because of passing policies that are not based on science or math or engineering or markets, the passing policy based on politics, whether it is maui or my home city of new york where they come up with a really arbitrary number, 50% of the grid has to be green by the year 2030, now the utility company has to scramble look at content in new york that announced the doubling of rates for the foreseeable future because they cannot accommodate the electric needs at the same time responding to the mandates that are passed by basically woke es cheap politicians, i feel bad for the utility companies are in an absolute bind because markets are not driving the decisions politics are. neil: even before the woke push, that is a significant factor, we have a lot of the grid that was compromised and not up to handling the demand that they are facing now, electric vehicles a year ago were 3% of all sales now there over 8% that
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is hardly conquering the world it is a significant jump and demand and i'm wondering what happens in places like maui and what happens in brownouts and pass under parts of the southwest is a preview of coming attractions. >> is a great point, electrification of the grid requires us to produce more electricity, not only ev but were talking about requiring only electric stoves and hot water heaters and electric lawn equipment and garden equipment and with prosperity comes acquisition of goods so as america becomes a richer nation and as people acquire wealth, what do they do that by smart phones, tablets, more flatscreen tvs and all that requires electricity. if the electrical grid company is not able to produce enough electricity what is going to happen to basically our entire economy and quality of life which requires it, you would
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like to think that we would see policies producing more electricity, going back to opening nuclear plants like indian point in new york, opening up old coal and natural gas plants again and electrifying the grid enough and then worrying about the transition and let market forces decide that not political forces. neil: we have a lot of energy here let's be all in on everything that we do in the u.s. of a two-year point, thank you very much. >> we appreciate it. neil: we talk about how the month of august has been, september could be even bumpier into development that you might not be thinking about right now, the united states capital could affect your capital, all of our capital, a government shutdown more likely than you think. ♪ ♪
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neil: it inconceivable as we dodged a bullet a couple of months ago but a distinct possibility united states could be on the brink of a government shutdown and god knows what happens after that, it's anyone's guess but the battle is not simply between republicans and democrats but among moderate republicans and much more conservative republicans, it gets kind of in the weeds but a guy who knows the big picture very well and very good explaining weeds is congressman dusty johnson republican congressman in the house select committee on u.s. house transportation in the vice chair the problem solvers caucus, always good to have you on, first off how likely is it as you see things now, a month from now we could be on the brink of something like that? >> were not to shut the
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government down. this is a messy process they don't call it making sausage for nothing there will be a few bumps in the road but i have to tell you we're going to make the progress that we need to keep this government open. neil: where is the division among your fellow republicans, not all but enough with the majority in the house, you stand for to lose a lot of people where is that and over what. >> i'm glad you're asking a lot of people don't understand almost the entirety of the disagreements are tactical there is almost unanimous it he of the republican a better job securing the border in attack the $32 trillion debt. the only disagreement is really to what extent were going to play a brinkmanship to be able to get what we want, frankly a disagreement over what tactics are most likely to move us in the right direction.
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neil: when you talk about tactics, some of your more conservative members are quite happy, not delighted but pushing that to the brink in other words to not blink in the face of the fear of shutting the government down, i don't know if that's a fair characterization but they seem gung ho to get their way. >> were all gung ho to get away, you don't get to congress if you have a sizable amount of ego and a passion for these issues, we all feel strongly summer better at howling at the moon, at some point we have to get 218 votes to get the appropriation bills passed out of the house, i wanted to adjudicate to and c come, out of 222 republicans i want them all to vote for the appropriation bills because that will mean there strongly conservative work product, if we have 20 of our members who will not play ball on anything that is not perfect in their minds
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then speed onto speaker mccarthy want to get to 218 and let's get it entirely from conservatives has to be a better work product but to get that done we will have to members of the congress understand give-and-take of government. neil: a lot of them don't and about getting impatient, do you think this could've wrapped into something you're not planning on. >> there's always a lot of unpredictability in congress nothing ever goes according to plan but kevin mccarthy is 100% the right guy to leave this ruckus can't get under caucus there isn't anybody else i do half as good a job and that's why from among our in-transit members you've not seen any of them realistically float the idea of going with somebody else's speaker we know he's doing a good job as a person can do. neil: congressman dusty johnson, we will see what happens into decide yay or nay, hopefully it
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doesn't. thank you very much. neil: we are learning more about hunter biden and what his legal team does, what we've learned lately, at one point they were threatening to put no less than his father the president of the united states back on the stand, where does that stand after this? after advil dual action back pain... yo! uh! ha! ha! [dog bark] what? my back feels better. before advil... new advil dual action back pain fights back pain two ways. for 8 hours of relief.
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neil: democrats have been saying for some time you look at any connection to tween hunter biden in the legalities of the president of the united states keep looking not there then we get a 332 page letter that reveals hunter's legal team was at one point trying to put his dad on the stand. aishah hasnie has more, what is this about. >> and afternoon, no matter how far president biden tries to get from washington economic house republicans and cannot escape the intertwined past with his
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son that's what were learning in the new letter written by hunter biden's lawyer chris clark take a look political is saying clark warned d.o.j. prosecutors the president biden would unquestionably be be a fact witness in the defense of any criminal trial if there were to be criminal charges what followed after the letter we know republicans call the widescale sweetheart plea deal that eventually fell apart. a lot of suspicion from republican and folks wondering what this was all about it was also revealed over the weekend the special counsel david weiss at one point worked with president biden's late son beau biden when he was the attorney general but under general and delaware and that's raising questions for any republicans out there who were already questioning weiss' ability to be
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unbiased that's why gop's are trudging along with their own probes house oversight james comer is demanding more from that the national archives handover unredacted records related to then vice president biden and ukraine after they uncovered that biden was sending official e-mails using three different synonyms and hunter was copied on some of the e-mails. >> look this is obvious that joe biden abused his power as vice president for the sole purpose to protect his son who was receiving millions of dollars from the corrupt energy company and this e-mail ties joe biden and hunter biden into the corruption scheme without a shadow of a doubt. >> drip by drip were learning a few more details about what happened in the weeks leading up to when the plea deal fell apart now washington is watching what david weiss does next and what
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house republicans do next when they come back from the august break will they or one day launching impeachment inquiry into the president. neil: thank you for that, aishah hasnie, where does this go sarah bedford the washington examiner, david, the former new york state senator democrat. to you on the significance of this, i don't see the game plan changing as long as congress remains under control of the democrats and the stars the senate and white house is concerned republican's will try to push it i don't know if it'll go very far, your thoughts? >> i'm not sure republicans have the grounds to begin impeachment inquiry that would be broadly considered credible but the getting close in the development support everything the irs whistleblowers have said and
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everything house republicans have on earth the way the justice to permit has handled the investigation and supported what hunter biden's legal team has leaked over the weekend that delaware u.s. attorney's office gave an enormous amount of difference to hunter biden's legal team to shape the plea agreement that fell apart and promises made of sweeping immunity to hunter biden at the last minute under scrutiny they were forced to abandon but their intention was to give hunter biden immunity and these seem designed by hunter biden's defense team at this point to discredit weiss in the court of public opinion. neil: if you discredit weiss in the court of public opinion then you more or less are jinxing the only counsel game for the time being, that is weiss himself, that could blow up on republicans, can it? >> i believe it could and i believe it is the hunter biden
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issues catnip for congressional republicans. i'm beginning to feel bad for republicans because they cannot stop talking about hunter biden and there's no evidence that points to the president after years of investigate that did hunter biden makes a mistake, yes that is obvious, does it lead to calls for impeachment, no private republican congressional members will make all these cases, they are looking for blood and that is obvious but it's a distraction from the election that's going to come next year. americans want to know what is congress going to do to help them live a better quality of life and chasing hunter biden to the edges of the earth and being unrelenting in terms of their searching. neil: they've stumbled upon unseemly things, i guess whether
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that grows or could potentially grow, what do you think? >> to say there's no evidence that joe biden was involved is ignored everything that we learned over the past several months about the extent of joe biden's involvement hunter biden's business whether showing up in person at meetings that coincided with large payments to hunter biden received from people who met with his father, the years of conference calls that joe biden participated in with members of hunter biden ukrainian company while he was at that time denying barely even knowing his son was doing work in ukraine there's a lot of evidence that joe biden was dishonest with the american people in unethical conduct and house republicans have been unraveling that very quickly. neil: it's a delicate balance on what to pursue but it is out there, jump ball where it goes. thank you very much, the doubt
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on 140 points, want to go to jackie deangelis. >> and afternoon were looking at the debate stage on wednesday night were talking about how policy and policy ideas that come out of the debate could impact your money, six southern states are adding more to the gdp than the northeast were looking at why and why you might not see the low interest rate that you got used to come back anytime soon. more "coast to coast" after this. ♪
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and there's no catch. it's free. we make money from ads, but they don't follow you around showing the millions of people taking back their privacy by downloading duckduckgo on all your devices today. hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, showing the millions of people taking back their privacy i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when i first started golo and taking release, my cravings, they went away. and i was so surprised. you feel that your body is working and functioning the way it should be and you feel energized. golo has improved my life in so many ways. i'm able to stand and actually make dinner. i'm able to clean my house.
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i'm able to do just simple tasks that a lot of people call simple, but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works. neil: nvidia continues to get a lot of attention earnings out later this week and then to say whether they justify the momentum and the stock has enjoyed jonathan hoenig on that, if you look at it the nasdaq is down about 7% it's been on a year-to-date tear after being clobbered last year what do you make of the technologies fear, it's been nvidia specifically in the a.i. related names is been running the charge, nvidia is up 190% year to date in a historic
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type of performance, along with the other a.i. stocks they called them the magnificent seven that propelled the nasdaq to the best first half in history without the nasdaq and the a.i. related stocks the s&p would be flat for those of us around this is reminiscent of the late '90s early 2000 it was not a.i. it was internet stocks they were dominating and leading the charge is not just an evaluation, nvidia trades at 50 times earnings extraordinarily expensive for a stock but also the bullishness and enthusiasm, 50 analyst that cover nvidia almost all have strong buys on the stock but only one has a cell. neil: there is mentality that the stock has become phenomenon that it was market wide chronicle bigger than market stocks that come crashing down the history is not good, not across-the-board but history is not good how do you feel about
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nvidia. >> the technology might be extraordinarily good but the evaluation when you buy a stock that you're buying and right now anthony chan earlier in your program alluded to a little bit of weakness most below the 200 day and 50 day moving averages that suggest the trend is down and what worries me if you're watching the earnings closely even after earnings be expectation the stock could go down 20 years ago cisco systems that everyone portfolio and the company has more revenue now but it trades less than it did 20 years ago because of the valuation back then was so high you could see the same thing with stocks of nvidia great technology but it got too far ahead of itself. neil: let's step back and look at the market in general august is problematic month september can be dicey as well and we started talking about october are necrotic month how do you
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see the markets rest of the year and the backdrop with the federal reserve might have to respond to some of the stronger signals by continuing to hike rates. >> the rates are front and center. it was higher rates which plummeted stocks back in 2022 rates started going up in february in march in the second half of 2022 we saw the technology stocks crash and burn and all eyes truly on interest rates we start to see yields get up to five, five and a half, 6% that puts a lot of competition and for stocks and very expensive technology stocks not to mention real estate, utility and the market is looking for direction in the last couple of weeks it was oil stocks a lot of the commodity related names that believed in the charge that is called off the market is in wait-and-see mode and how high do rates go in where will leadership come from anywhere if this market is going get back on track. neil: can they find the wall of
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worry, jonathan hoenig, i wanted a chance to talk to jonathan about piquant in the crypto currencies in place they are getting hammered the last i checked piquant sunk under $26000 a coin, were on top of that and much more after this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones salonpas lidocaine flex. a super thin, flexible patch with maximum otc strength lidocaine that contours to the body to relieve pain right where it hurts. and did we mention, it really, really sticks? salonpas, it's good medicine.
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we're traveling all across america talking to people about their hearts. ooh, take this exit. how's the heart? i feel like it's good. you feel like it's good? how do you know when it's time to check in on your heart? how do you know? let me show you something. it looks like a credit card, but it is the kardiamobile card. that is a medical-grade ekg. want to see how it works? yeah. put both thumbs on there. that is your heart coming from the kardiamobile card. wow! with kardiamobile card you can take a medical-grade ekg in just 30 seconds from anywhere. kardiamobile card is proven to detect atrial fibrillation, one of the leading causes of stroke. and it's the only personal ekg that's fda-cleared to detect normal heart rhythm, bradycardia and tachycardia. how much do you think that costs? probably $500. $99! oh really? you could carry that in your wallet! of course you can carry it in your wallet, right? yes, yes. checking your heart anytime, anywhere has never been easier. don't wait. get kardiamobile card for just $99 at kardia.com or amazon.
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still call bitcoin or rogue investments but the under pressure, bitcoin itself has been around at what he $6000 in under a coin, he jumped over 30000 it was as low as 18000 not all that many months ago, a lot of this has to do with confusion over the direction of interest rates taking a look at the ten year note, right now in and out about the kind of highs that we did it last see since 2007, mortgage rates themselves at 22 year highs, this is the cross current of activity weighing on stocks big time and of course jackie deangelis to take you to the next hour we will look at that and a lot more speed to the mortgage rates not as high as you saw them in the 80s but still high on a relative basis. jackie: hello everyone i am jackie deangelis. taylor: i'm taylor riggs speaker i'm brian brenberg, welcome to the big mone
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