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tv   Cavuto Coast to Coast  FOX Business  August 23, 2023 12:00pm-1:00pm EDT

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already, the first republican debate is tonight at 9 p.m. eastern on fox. simulcast right here on fox business. is there something specific you are looking for? >> i want to see what they know about these complex topics versus do they just memorize talking points. you will see that tonight. lauren: who do they attack? you said it was in the order of trump, desantis, vivek ramaswami. do they they attack biden? how would they present a better president than we have? stuart: the best 1-liner. there will be one or 2 for sure. coast-to-coast starts now. neil: with nine hours to go, the key design in milwaukee. 98 °, that's how hot it is outside and things could get heated inside.
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8 republican presidential candidates kick off, donald trump will be there but that does not mean his name will come up or attacks won't come out. ron desantis will be a big target. as long as lee carter says it doesn't come at the expense of making president biden the bigger targets. speaking of the president, all over milwaukee a lot of tv ads touting an economy coming back as his critics pile on. former dc democratic party chairman scott golden says don't be fooled by those candidates. this economic turnaround is on. ken fisher is right, so is this market. a rough august but can is here to remind us the beginnings are often volatile and the great humiliate or tends to punish impatient investors. take heart, coast-to-coast takes off right now.
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welcome, everybody. happy debate day. i wore this silly frock. what was i thinking? grady trimble in milwaukee with more on what the candidates are planning for the big showdown. to you. >> reporter: they are preparing on the big issues that will take center stage, border security, the economy. the candidates who will be center stage on the debate stage are based on their polling, florida governor ron desantis and entrepreneur ozempic teen -- vivek ramaswami. they are two of the leading candidates, you can expect both of them to spend some of the night or a lot of the night spending off attacks from the other 6 candidates. vivek ramaswami has been taking heat because of his foreign policy positions on ukraine, taiwan, and the middle east.
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>> i view my absence of foreign policy experience as a badge of honor. when you look at the track record of repeated train wrecks in foreign policy. >> the communications director for ron the santos's super pac says he's taking hits as well because he is the leading candidate on stage. >> everybody will take a shot at the top guy on the stage. i have seen him on the trail. he does well when pushed. >> reporter: we are following the latest developments with north dakota doug bergen. he suffered an injury playing basketball and his campaign since it is unclear if he will be able to stand on the stage tonight. we will keep you posted on that. candidates have been taking a variety of approaches to get ready for this debate.
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we know that vivek ramaswami has been playing tennis and working out a lot. senator tim scott says he has been studying and praying and we got word from former un ambassador nikki haley, what she has been doing, a playlist she has been looking to on repeat, some of the artists on that include the go-gos, def leppard, queen, we will see who is singing we are the champions after the debate tonight. neil: no adele in any of that. >> no, i am sorry. stuart: duly noted. thank you. let's go to lee carter and the former dc democratic party chairman, who republicans target tonight without donald trump being there. the consensus, the next highest paul rated guy, governor desantis but how do you think it goes? >> they will spend a lot of time talking about donald trump, they are uniquely
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positioned to be the trump alternative which is a mistake. i think, people are tired of the swinging, people expect these 1-liners, that will be less important than candidates saying i will be the candidate, if people say i look for so and so it means this for me. that needs to come out of tonight's debate, the most important thing. is less important what they say tonight and more what we remember tomorrow. the reason i support this candidate is xyz and it is hard to breakthrough, not a lot of airtime even though there's a lot of attention. neil: the economy is the number one issue for americans, they don't think the president is doing a good job overseeing it, they are worried about it. what do you think? >> the economy is the number one issue. i hear republicans say it but these candidates haven't talked enough about kitchen table issues. biden has got a record to run on, bidenomics, you may not
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feel it, there's a gap in the polling but he has a record in regard to low unemployment, inflation is headed down, stock market is a manufacturing up. neil: is significantly from when he became president. >> i think donald trump -- lauren: neil: is not better. it is worse. >> if inflation is headed down. this president has to say that and the economic numbers are say it is headed in the right direction, the best he can say about it and the only point i am making. neil: that is a point i think republicans don't appreciate. technically we had 12 months in a row, the rate of increase headed down. we are not at the levels we were but many i talked to at the white house say the trend will be our friend, this is
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gaining traction, we are back to 2% or less inflation when the election rolls around, that' s a leap of faith may be. what do you think the fallout is? >> he will never convince a buddy they are wrong by telling them they are wrong and you are right. what's happening is president biden is saying of the economy has never been stronger. americans and record polling numbers say that's not their reality. $0.86 to every dollar spent, money doesn't go as far as it used to. if president biden were to say it is painful now but i promise stick with me, it will get better over time, that's a different message. the alternative, republicans get more credit for the economy. people are more likely to think a republican will bring the economy back and if they ask do you feel better today than you did a few years ago they will say no. that's the advantage for donald trump. the republican candidates on stage tonight need to say this is what will be like if i am in charge.
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this is how you will feel it in your pocket books right now. 65% of americans feel worse personally right now than they did two years ago, 80% say the economy is worse off for all americans and that is a problem. neil: a lot of this comes back where people paul on this matter say president biden might be the problem. the economy is one thing but it is him personally, proof of him aging. omi to talk? as you get older you do dumb things but it is what it is, but some of the stumbles by him are just reinforcing the image the guys too hold. >> what is too old? neil: i think at least a year older than me. >> i am 60 one years old and my daughters would say the same, i am not the same at 40. it bothers me, this age issue,
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it smacks of age discrimination. if his mental acuity is there and has legislative record. neil: i agree with you, if it is there. you know he is not the guy he was a few decades ago. >> he may not be but he has an agenda at the compost a great deal working across the aisle. you may not like how he walks or that he has these gaffes, he makes inappropriate jokes from time to time but anyone at 80 or more, i talk more like that. neil: is getting worse. the appearance is getting worse. we will see. to that point the polls are showing whatever you think of president biden personally or the state of inflation right now, he is running even with all those candidates are beating them. it is holding for him for the
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time being. the republicans competing tonight for the nation's attention have to convince them time for a change. >> something else to think about. in the polling right now, a huge number of none of the above voters come more than we usually see, 42, 44, in advantage of president biden. 16% of voters are saying i don't want either of these guys. there's a wide-open lane for any of them on why one of these candidates is better, president biden or donald trump, it's a huge opportunity for them tonight. they have got to fill the air for something to remember about them, not how bad things are today. we know how bad it is today, show how it will be better tomorrow if you're in office. >> these candidates have got to give the gop voters a reason
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they will be better than trump or why trump isn't qualified or they should vote for them versus donald trump and no one has made that case yet because they are terrified of moderate voters abandoning them, whether trump stays in the race or not. that's the biggest challenge, less pertaining to without donald trump there. neil: they are not all afraid of taking off both voters. always good having both of you. lee carter, for someone so young, always good seeing you, thank you. may we age gracefully altogether. speaking of age, a big issue in 1984 for ronald reagan when running against walter mondale and he had come off the first debate the a lot of people began to say are not looking too good. >> you are the oldest president in history, some of your staff say you retired after your latest encounter. i recall president kennedy had
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to go for days on end, in any doubt in your mind that you can function in such circumstances? >> i will not make age an issue of this campaign. i'm not going to exploit for political purposes my opponent's youth and inexperience. neil: even walter mondale laughing, he knew he had lost in a landslide. that was then. our laughter with us now, former reagan economist. we forget sometimes, got to have substance and facts, got to be speaking from your heart as well and sometimes you have to have fun even making fun of your self. a lot of people say these candidates, many of us know very little, they have to do some of that tonight and they should.
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>> of course they should. i'm older than both biden and trump, i am 83. scott is not right on the comments, it depends how you agent who you are. reagan was fine and biden is not. i don't make fun of biden, i'm older than he is and i resemble some of those remarks but he's older and showing his age pretty much. the other thing scott said that i think is wrong is people don't buy inflation, thereby prices. when they go to a store they are looking at the prices. the prices are still rising, just not quite as fast. it is the price level that is the key political he, not for rate of inflation. the rate of inflation is coming down, that's great and wonderful but prices are rising. the other thing that is important is with expiration of the trump tax cuts, you will find tax rates going up substantially. if i were these candidates, i would say i would look at trump's economics and support
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his economics one hundred%, warp speed, extend the trump tax cuts, continue fighting inflation, deregulation, that's what they need to do, they need to agree with trump or trump is completely right. if they don't want to just be opposed to all the good economics trump brought into the economy. neil: does donald trump find himself in a condition he does not show up at this debate tonight? he will try to steal some of thunder from whoever does well tonight tomorrow by turning himself into atlanta, don't know if it is a recount indictment but what do you think of that? >> i don't know. it is a tough decision on his part. should he go or shouldn't he go? given where he is now, i am not a political expert and i don't really know what the right answer is but we will find out fairly soon. neil: we are talking about ronald reagan and his ability
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to not make fun of himself, it doesn't have to be all that. there can be some characters who get in and run for president and the iq stuff, you have to balance it out. is there someone you think tonight can surprise us? >> any of them could surprise us on the upside. 8 great people, don't like the attack that some of them are taking versus others. i like to build up, not down. i hate the attacking, pulling other people down. i like the promises of a tim scott is always wonderful. neil: they forgot ronald reagan's 11th commandment. >> exactly. ronald reagan was always bouncing up, not bouncing down. he never attacked, mondale was a great guy, a wonderful opponents to have, very competent and all that. reagan was better. reagan had a better vision of what america would be.
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the stock market under reagan was phenomenal moving forward, don't know if you remember, january 1, '83 to june 1984, increase gdp by 12. neil: i used to talk, you are very dismissive of me but that was understood. >> it is not biden, just not biden. we aren't better off than we were four years ago. neil: there you go again. art laffer on all that. in the mean point. watch it closely, the big debate is tonight at 9:00 pm eastern, kicks off on fox news, don't forget to watch it. stocks running up fast and furious. can fisher was predicting things would get bumpy. they got little bumpy but he's as bullish as ever saying that is what happens in the early days of a market. where are we in this market?
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neil: nvidia, after the closing bell, they expected to be good but have to be boffo good to keep this run going and a lot of people say this is the new apple and amazon and how right they aren't can fisher's optimism with the markets, even as we had this bumpy august, ken, good to see you. >> think for having me always. good to be with you. neil: do you look at earnings and do they affect your calls and you were bullish when no one was despite a lot of people getting actions so nvidia disappoints. does it change your trajectory? >> not really. let me put it in perspective. part of the luster of all
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things semi conductor, what i have said about that topic is what is leaving the market, broader category of high-quality growth, icing on the cake can't be the cake. the fundamental nature of this bull market, with this stock. neil: looking at technology stocks. it could be just august or a phenomenon that is unique to other factors but how do you see that? >> so the fact is the back half of third year of president's terms, what i have referred too many times as the miracle of october through a midterm through june 30th, the back half of the year is positive but less positive.
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that continues then into the fourth year of the president's term which continues to be good. we are early in a bull market. i don't pay much attention company by company earnings, what you can see and how all year long, earnings are down but not down as much as people expect them to be, earnings surprise is positive because they are not down as much as people expect them to be. people expect it to be strong, most earnings are negative but earnings is positive more than normal. neil: do you have any stocks you look at that you say all right, i can't tell you what it will be next week or next month or next year. i guess know that this is a keeper for the next decade. someone apply that to nvidia, as much as they used to and still do with issues like
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microsoft or apple or amazon. do you have a different camp for these? >> i never think that way. i never thought that way pretty much ever. 3 to 30 months on average, sometimes shorter than that, or longer than that but not pricing 10 years into the future. it is an eternity. i'm a believer that capital markets are good but markets in particular stocks are volatile and the fact of the matter is i am thinking 330 months all the time. neil: not beyond that. might be some long-term good things but long-term for the time being would be an accident of 30 months or so. >> sometimes there things that might be great in the long-term and might not be in the next three years and then i promise you most people will lose their minds over that. neil: people get skittish and
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there's a lot of that coming down with what is happening in august. what do you tell them. some people need to sleep at night and say i am out of here. we are seeing a little bit of that but what do you tell them? >> yesterday you summarized my view saying in one sentence better than what i could, you did so well with that yesterday, thank you for crediting me with that but what you need is a can mask and you could just -- and then it would be easier for you, you don't need to me, you're uglier, and i am more handsome. jack: back, you are bullish, we talked about this before. a lot of head wind, we always addressed to them. some people say interest rates will be stubbornly high, stay stubbornly high for a long
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time, mortgage rates going up. more pricing by homes and then volatility with china, and economic trouble. how do you address issues like that or was it just the math for you with historic trends? >> i have addressed this be for a number of times with you. this is what i called disbelief coming up with reasons the bull market can't endure and why people who were pessimistic on stocks before believe they will end up being right and should just be patient for the disaster to come and the fact is china isn't that weak although it is week, china's stock market has always correlated to the stock market, nothing new about that, there's fear the economy is too strong, when you look at almost all
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countries, their economies are strong, people flock that leads to fear about interest rates, interest rates haven't stopped the stock market from doing well. after the bear market and this is just people looking for reasons why it can't go on because they walked in the valley of the shadow of death and they still fear evil. neil: you going to watch the debate tonight? >> i do hope to. neil: he horse in this race? >> no. i have a policy that people don't get, and the one that gets over 3% in a series of national credible polls i will send the money if they ask me just because i believe they are to get their voice out. i will send them the hard dollar but the fact of our matter is there's only one issue in tonight's debate that really matters and that is will
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donald trump and joe biden so well that it is really hard to change peoples minds about those two men. you can argue all you want but for the most part people made up their minds about these guys one way or another and the only thing that really counts in tonight's debate or any other is can any of the contenders do anything that changes people's views of donald trump? they can't, trump is the nominee. i was wrong a year ago when i said i did think trump was likely to become the leader in the nominee. i was dead wrong. the fact of the matter is if you take half of trump's pulling out, he still nominee. like it or not. neil: that is not a given. it does make him a prohibitive favorite. you hear from his challengers, he could get the nomination but he can't win the election.
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where are you want that? >> i wouldn't go that far. in the polls, they are relatively even right now. he's more likely to lose than win but when you say can't, can't implies a certainty that's difficult in politics and the fact of the matter, i wrote about this before 2,016, if the republican loses the popular vote by 2.5% or less on election day, he is the president because that is the split between the popular vote and the electoral college. that is what donald trump did in 2016. you don't really need to win the popular vote to become the president. you need as a republican, california and illinois and massachusetts against texas and florida and ohio and if you are too and have other you win the ballgame. neil: it will be donald trump again and for investors that would mean again playing this out what?
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>> let me just say, let me make it simple, in the year when we elect republican, markets tend to be above average coming in the year we elect democrats it is below average. in the inaugural year it tends to flip-flop. all the fear the democrat gets loaded into the election year and in the inaugural year they tend to be by a republican bad but not as bad as they feared, first time for the republican. the hope is in the election year and when you get to the inaugural year, tend to be the republican good but not as good as they hoped so the reality, just think of that is a flip-flop, that flip-flop happens consistently. below average the year you will like the democrat above average the year you elect a republican, versus the inaugural year. neil: you got straight as in school, didn't you? >> and believe it or not
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sometimes i was just belligerent and got fs. neil: i was the guy behind you telling you to move your left shoulder a little bit so i can see what you were writing on the test. great seeing you again, thank you very much. >> thanks for having me. neil: the corner of wall and broad, what he was saying, we are on the latest right now as to what they might be saying tonight about all this.
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>> welcome back to coast-to-coast, in a report from the new york times shows airplanes and airports come a lot closer to colliding into each other than some people think. the new york times looking at internal safety reports that the faa found there were 46 close calls involving commercial aircraft. that is more than one a day. these are times two planes
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almost crashed into each other with potentially hundreds of people on board. on average these close calls happen multiple times a week according to the new york times, the faa reactant report saying that us aviation system is the safest in the world but one close call is one too many, the faa and the aviation community are pursuing a goal of 0 serious close calls. the faa pointing the blame at pilots for lobbing your misses saying 60%, more than half of them are caused by pilot deviations. the faa is trying to shut down on close calls holding safety meetings over the next month at 90 airports around the country. these close calls are happening as the faa has no one officially in charge of the agency. president biden nominated phil washington, former transportation official for the job of faa administrator last july but republicans and democrats refused to confirm someone who had 0 pilot or aviation experience to lead an agency overseeing the entire
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airline industry until president biden nominates a backup for this job. the cockpit at the faa sits empty. adam:. i hope they can address that. in the meantime we are keeping score of people not told to go back to work, not just a few days a week but in case of goldman sachs every day of the week. madison madison alworth following these trends. >> reporter: summer has ended early for those at goldman sachs, employees told no more summer fridays with only two summer fridays to go. the investment told staffers they would be cracking down on those who aren't at their desks five days a week, move to cancel friday's where you leave the office early came because the wall street headquarters have been described as totally dead on fridays now, in terms of gone home and people are choosing to start the weekend early by working from home. goldman telling fox business since we communicated our approach for returning to the office we have can need to nude to encourage employees to work
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in the office 5 days a week. there is flex ability when needed but we are reminding are employees of our existing policy which is broadly in line with other firms in the industry. in line it is, amazon also making similar moves as well. the balance of power shifting, telling employees, backing off 3 days a week, no exceptions. we see this with arlington, virginia open for amazon this summer, all courtroom employees must go to corporate hubs even if they moved away during the pandemic, they are told move back, so some employees are packing up their desks rather than packing up their homes and quitting. the balance of power is shifting back to the employer as the job market gets more competitive which is why we are seeing many of these return to office mandates. even work from home darling zoom requiring some in office
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time. if you live within 50 miles of an office you have to come in twice a week. federal government also pushing for employees to come back to the office of this fall after years of working remotely. if you are fully remote, count yourself lucky and in the minority. only 12% of employees, coworkers with 5 days a week, 29% in a hybrid set up, 59% like me back in the office or in the field full time. with this period of job hopping slowing down employers taking back the power not just with those mandates but google requiring employees to come in three days a week and telling managers they can use unexcused absences in their performance reviews. if they track the swipes into the building. neil: it is the way of the world. you hear about this? everyone talking about china on the moon, us going back to the moon, you know who beat them in the latest incarnation?
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india landed on the moon today on the moon's south pole. the irruption of glee in india was something we haven't seen since 1969 in our country, big department, india planning to stay a while, to build the world's first station based on the moon ahead of everybody else or so they hope. out of this world after this. ♪ that inspired the world to invest differently. it still does. what can you do with spy? ♪
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water that could help international stations on the moon. india, a leader in that effort, this the same week a russian craft had crashed trying to do the same thing. with us to follow the significance of this, eric berger of the senior space center, i apologize, what do you make? it got lost with other news but india and the south pole, why is that a big deal? >> it is a big deal because we think as you said that there is this water ice in the permanent the shadowed region. 70 ° south, on earth it would be where sweeteners with respect to the north pole. they are in the ballpark but certainly not there. this is a big moment for india. they tried three years ago to land on the moon and crashed into it and on the second
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attempt, made it back. lauren: 1 does it mean with all this renewed interest in the moon, we are getting ready with artemis, to do the same kind of thing, china is there, russia hopes to be there, interesting vehicle that crashed much as they did at the time we were landing on the moon in 1969. what is behind all this? >> there's a huge rush back to the moon for commercial and geopolitical reasons. on the commercial side of things the technology companies have developed is just getting to the point you can send small spacecraft to the moon, private funding. geopolitically, there's a lot of interest especially because china wants to go back to the moon, the united states, there is this big national space race 2.0 between nasa and china's space program building coalitions and this effort to potentially harvest water and
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other resources and sell them to government agencies. we 20 thank you very much for joining us. taylor riggs joining us with what is coming up on "the big money show". what have you got? taylor: we are all over this debate, the rnc spokesperson set to join us and kevin o'leary, our very own larry kudlow and karl rove, senior advisor, all that 1:00 pm. ♪ the virus that causes shingles is sleeping... in 99% of people over 50. it's lying dormant, waiting... and could reactivate. shingles strikes as a painful,
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>> i looked in your background that you love the movie rocky iii. tell me that is not true. >> listen. i'm going to bust you up, sucker. that is what mr. t said to rocky. here's what we know. the response to that was go for it. i would just say let's go. i love rocky iii. neil: thank you. that is pretty good. we've got more response to his comments on loving the movie rocky iii and his dead on impression of mister t than we
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did some of the substance we talked about before. that shows you the residents and trends, maybe he could be the breakout candidate tonight. hard to say. tim scott donor sees all of that potential. what will candidates do tonight? >> never better. he is doing phenomenal. he's number 2 in south carolina, number 3 in iowa. the exciting thing about it, i have -- one hundred 11 countries, i meet a lot of people. what i can't believe is the amount of hard-core democrats that like this guy. they never voted for a republican and here they see somebody that they think they can vote for. that is extremely exciting for me. neil: he is a remarkable individual, his life story is very compelling. he almost seems too nice a guy.
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don't mean to besmirch politicians but being nice doesn't get you to the head of the class or a nomination. does that part worry you? in interviews i've had since, he doesn't want to make this about criticizing other candidates, it is about looking at the future of america, very uplifting, but can that survive in this environment? >> absolutely. people are tired of the divisiveness we are seeing and the fighting. they are looking for a guy like tim scott. he has a great message. everybody likes him. when you come down to the issues looking at where tim is on the issues, whether it be ukraine, energy, abortion, and tim is in favor of clean air, clean water, he wants kids to
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enjoy the national parks. he understands natural gas is a bridge between oil and renewables. he has a lot to like, huge amount alike, not just being a nice guy is what i think americans are tired of the lawsuits and fighting and everything going on. why not have a nice guy that also can be a sensational president. diane: everyone is signing on to this pledge, the commitment, whoever nominated by republicans will be supported by all republican candidates. donald trump not keen on doing is that. how do you feel about that? could use support whoever is ultimately nominated by the republican party? >> i myself will support whoever, i am a team player and if that is who the party wants
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and who they put in as nominee i will support them regardless of my personal feelings. i think these people are wrong, don't know how they can put a team together when they can't agree to support whoever we decide is the candidate. stuart: part of that is built on anxiety about could donald trump when the nomination, that seems absolutely, could he when a general election, then colleagues get more worried, what do you think of that? >> don't think there is a chance in hell that donald trump can win this election when you have 35% of the people which is his core base that like donald and 65% that don't want any part of him and don't want him to be the nominee, he cannot win a national election. neil: you will support him if he is?
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>> absolutely because i am a team player and always have been. neil: thank you, big tim scott donor, we will see after this. the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com if you have this... and you get this... you could end up with this... unexpected out-of-pocket costs. which for those on medicare, or soon to be, is a good reason to take charge of your health care.
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neil: look what is going on with peloton, stock hit an all-time low after earnings disappointed.
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the company indicating they are likely going to continue. looking at the housing arena, a great show ahead of us. mortgage demand applications running out two decade low as prices pitch up so a double whammy right there. this occurring at a time when interest rates, those who want to sell their homes or can't or won't because they are waiting for things to clear, especially getting by, an opportunity to get some gems. hard to do that in this environment. let's go to "the big money show" right now. taylor: we learned a lot about the weakening of the health of the consumer you just mentioned. taylor: i'm taylor riggs. brian: i'm brian brenberg. jackie: and i'm jackie deangelis. welcome to "the big money

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