tv Cavuto Coast to Coast FOX Business August 24, 2023 12:00pm-1:00pm EDT
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stuart: how many players are allowed on an nfl team. there is your choice. i'm going to go with 46 not having any clue whatsoever. the answer is you got it right, 53. better check the markets before we close out, the dow was down 208 points. nvidia started with a huge gain pulled back a lot. time is up for us on "varney and company" lodz stay tuned because coast-to-coast starts now.
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>> we have professional politicians and the republican party running from something. now is our moment to start running to something. >> i have had enough already tonight of a guy who sounds like chat gpt stand up here. >> the decline in education is one of the reasons our country is in decline. we need education and that, not indoctrination. >> if you need something done, ask a man, if you need to thing done, ask a woman. >> firing irs agents entire double the number of border patrol agents. >> not looking for a new national identity, the american people of the most faith filled, freedom loving, idealistic, hard-working people the world has ever known. >> something this country could use is something the white house understands, small-town guys, that's the road back. >> nation is in trouble. it is in trouble because of failed leadership.
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the solution is not four more years of joe biden. neil: which of those candidates gained traction for you? which many donors opened their wallets as a result and for whom? we know wall street moneyman how ramberg put down cash on ron desantis after the big debate, is he planning to put down more? he is here. what donors are still holding their wallets tight? folks like thomas murphy. remember last time he was here he said he wasn't that impressed with the crop of candidates running. is he still enticing someone else to join the race, and who might that be? we report, you might be very surprised. welcome, glad to have you this morning afternoon after. following the morning after,
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who has it, it could just as easily be the money in the attention that often comes with it. to grady trimble in milwaukee examining all of that. >> the candidates are wasting no time, already getting back on the campaign trail. senator tim scott will be in new hampshire tomorrow. also ron desantis and entrepreneur ozempic teen -- vivek ramaswami, vivek ramaswami is searching in the polls. you might have noticed that the debate last night he had a target on his back. he also attacked all of his opponents. >> i'm the only person on stage who isn't bought and paid for. the climate change agenda is a hoax. the climate change agenda is a hoax. we have to declare. >> i had enough already tonight of a guy who sounds like chat gpt standing up here.
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>> the fund is real, you want to -- >> i want to address each of those. >> there you have it. >> you have no foreign policy experience that it shows. >> the experience you know. >> these are the fireworks, they covered substantive issues as well as the economy, crime, education. they contrasted their plans for border security with president biden. desantis says he won't send us troops into mexico. >> would you support that kind of american military? >> yes and i will do it on day one. the cartels are killing tens of thousands of our fellow citizens. >> the candidates differed on
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whether they support donald trump as the nominee if he is convicted. governors chris christie and asa hutchinson said they would not. former vice president mike pence and the others raised their hands to say they would despite pence challenging trump over january 6th. >> donald trump is entitled to the presumption of innocence every american is entitled to. he asked me to put him over the constitution. i chose the constitution and i always will. >> reporter: perhaps that is a little preview of what to expect at the next debate. the fox business debate in the seamy valley, california at the reagan library on september 27th, mark your calendar. neil: eliza collins, wall street journal reporter extraordinaire. putting this in money terms, i
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think if you are a donor or one considering donating to various candidates whether the needle moved on any of them last night. >> that's what these debates so far, to winnow the field because donors get in or try to pressure them to get out. vivek ramaswami certainly was the star of the show, he may get more donations. ron desantis had been struggling despite still being seen as the number 2 to reassure donors he is still in it and his performance you will see later in your interview, could have been enough to calm donors down. i don't see any major upheaval but it might be to calm some concerned donors those some future debates come the bill
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has to get smaller as one candidate wants a shot at taking on trump. neil: i was thinking of vivek ramaswami. he is walking a fine line here trying to emerge as a potential alternative to donald trump without taking off donald trump or his supporters. given the robust reaction he was getting from that clearly pro trump crowd last night he is succeeding and even from the former president himself who on his truth social site said that vivek ramaswami was doing a good job. he went on to say he did win the debate because of this thing called truth, thank you, vivek ramaswami. he was referring to vivek ramaswami saying donald trump was probably the best president of the last century. eventually if you get to be a threat to donald trump you get to be a target of donald trump. >> we are seeing trump boosting
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vivek ramaswami and saying everybody saw vivek ramaswami as a threat, not desantis. trump sees desantis as his biggest threat. what changes he saw someone who may be able to peel off some voters from desantis. vivek ramaswami has embraced trump saying best president of the 25th century, urging the rest of the field to if he is convicted at some point to actually run against the front runner and we've yet to see that from vivek ramaswami. these other candidates tried to walk this fine line where they criticize vivek ramaswami but also not anger his supporters. vivek ramaswami is wrapped his arms around him and at some point you have to take a shot if you want a chance. neil: guy lewis, former us attorney, this issue of vivek ramaswami's glowing words for donald trump as president, went so far as to say he would pardon donald trump if he were president. that elicited this little exchange.
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>> why don't you say this, joined me in making a commitment on day one you would pardon donald trump. >> trump will be convicted of these crimes, >> you can't make a commitment. that is the difference. neil: they saved a lot of time talking over one another so you didn't have to hear one person say something and then another person. let me ask you about that guy, mike pence was making a good point. you don't write off pardon someone for crimes, alleged crimes the person you are pardoning said he didn't commit and, if he did, there's a serious act of contrition. legally the possibility of an incoming president pardoning donald trump is down to at least at this point vivek
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ramaswami. what do you make of that? >> you got to believe when donald trump, goes to bed every night he has got to be thinking to himself 5 got four indictments against me. that's the practical reality of his situation and i don't care how many good, solid, strong lawyers you have, how many appeals, odds are, when i left in south florida, we were getting about 94, 95% of all cases charged, we were getting convictions on those cases. the odds are simply not in favor of any criminal defendant, don't care who you are. neil: there are 90 one criminal charges across four different criminal cases so the possibility of a conviction on even a fraction is real.
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how do you think this goes with the attention on fulton county, georgia, today, the fourth and we are told final set of indictments? >> that is a great question. by the way, i question the argument that this is the last set of indictments. frankly, i think you may see some superseding indictment especially out of jack smith's case. their investigation is still ongoing. we know that one witness flipped, re-flipped and indicated that he lied before previous grand jury. bottom line is we will see more charges against donald trump. the question, how does it affect georgia today? they came in and had an agreement with trump's prior defense lawyers, got rid of his defense lawyers, has a new crew
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coming in and maybe this has something to do about it. they agreed to a $2000 bond which if i was representing, i wouldn't agree to a $200,000 bond for president, don't care what the argument was. he's not a flight risk and i think that bond is unreasonable. neil: final word on the subject, thank you very much. we were talking about where some of the money you might find itself and where donors are standing, plenty of them out there. the founder and chairman, multibillionaire. it is good to have you. when last we chatted you were talking about not sparking your money with anyone yet but you had been looking at virginia governor glenn youngerkin. where does that stand? >> i don't think the republicans can afford to be emotional in this election.
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the person that most likely the primary one you want to vote for is not the one who most people vote for in a general election. the goal must to be to win the general election. in the primary, must pick the candidate who in our view is most likely to comfortably win the general election. if trump is our candidate, he will run against himself. just like in 2,020, people voted for or against trump. biden was just a name for the against trump voter. the same thing happened in 2022. the senate races. the candidates backed by trump in pennsylvania and georgia. doctor oz was a great candidate, was and still is
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completely incapacitated. that was a vote against trump. we cannot make the same mistake three times. neil: you don't know if that will be the case, given the passion of that crowd of 4,000 or so in milwaukee last night, it seems that he is still got their support. by and large got the support of many republican voters. i'm curious what you think happens if he does take the nomination, you argue he will go down in defeat. >> that's my view. lauren: 1 makes you think glenn youngerkin can. >> he has veritas. neil: so did ron desantis. >> to santos does, he is the one who in my view won of the debate last night. but he has a huge problem with
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the twee 6-week abortion ban bill that he signed just a few months ago. democrats who campaign on that issue against him, you can have vivek ramaswami, his energy is captivating. unfortunately he has very heavy baggage that is not talked about a lot which is he is a vegetarian hindu and animal-rights activists. neil: slight delay. are you talking to governor youngerkin? has he talked to you? have you made interest known in his running, what does he say? >> he is completely focused on the virginia elections, november 7th. he doesn't want to talk about
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anything else. i don't know if we can talk him into entering the race but it would be very important that we try. because i think -- neil: didn't mean to jump again. good seeing you. as we were chatting i want to pass along some remarks, but first remarks i know of from vladimir putin regarding the death of prigozhin, he says, to prigozhin's family, he has known prigozhin since the 90s, a talented businessman. looking at investigators and their expertise will take time. he has not thrown out questions whether he might have been behind that crash but he misses the guy. we will have more after this.
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we are to be funding law enforcement in our major cities at unprecedented levels. cut >> doing their jobs without looking over their shoulder. >> no one likes to see in america with smash and grab in our inner cities. as president of the united states, that will stop. >> these hollowed out cities, this is a symptom of america's decline. one of the biggest reasons is because you have george soros funding these radical left-wing district attorneys. neil: crime and the issue of violence in this country a big subject of the debate in milwaukee among republican presidential candidates. we see reverberations all the time, saying it is affecting their bottom line, impacting sales. the latest is the shoplifting and problems with it, squeezing margins beyond recognition. independent women's foreign
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policy president, us former biden 2020 campaign surrogate. welcome to both of you, this is out of control, and continues to with this administration. how did that resonate. >> it resonates across the country especially those living in big cities and urban areas as well. crime and public safety, bigger concern since 2,020. uc decrease in violent crime and repercussions for the economy and the dollar tree numbers, to shop owners who want to make an honest living, discouraging culturally to see this. shouldn't have to put so many goods behind lock and key, discouraging where the culture stands, americans are open to listening to anyone with the right tone and the right solutions.
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neil: are democrats worried about this in urban areas, strongholds for democrats, that seems to be getting tested in cities like san francisco and los angeles and philadelphia, where it is a problem. what do you think? >> i'm a democrat. i'm worried about every issue. the president needs to do a better job talking about tackling rising crime issues. they have a great story to tell in terms of the budgets and number of police they have hired back and retrained back into these inner cities but we have to do a better job getting the word out about that. there is a disconnect with what people see when they go to the store and they see these things that weren't before. they knew joe a better job about messaging these fears that are real on people's minds.
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neil: the president himself thinks this is exaggerated and we see the same out of mayor eric adams in new york, cell phone video that get the enormous play but exaggerates the problem and that is the end of it. seems to minimize it. what do you think? >> there is, we often, democrats get mistaken by talking about statistics, not what the reality on the ground in terms of what people are feeling. the president and every budget he has proposed has increased funding for community policing, more cops on the beat, great story to tell when he championed the assault rifle band, when he talked about hiring more police. we need to speak to the realities on the ground and what people are feeling and not get lost in statistics some of which are good in terms of violent crime in cities, some are struggling. certainly, we have to talk to
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the fears of the american people. neil: be on the crime, the ramifications of that, dollar tree exporting goods, target which was siding a theft, impacting its bottom line. some stores have gone so far as closing in high crime areas. we saw that in chicago with retailers, we've seen others hike the price of goods they are selling and that affects those whether they are in a high crime area or not. how do republicans focus on that? >> we have to address a couple issues here. don't think democrats just have a messaging problem, they have problems statistics don't lie, it is a concern and largely downstream of bad messaging and bad policy decisions that happened around the 2020 during the covid pandemic, during the g fund the police movement,
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that movement was terrible. there is no exaggerating to say the impact on morale for our protectors, first line of defense or police department's across the country was great. i lived through it. people down at our police department throwing things at police officers, acting in ways that were discouraging when it comes to morale for people, we do want law-abiding communities and the safety in our streets and communities we need. i i lay a lot of this at the feet of the democratic party for not dealing with the crime surge in terms of rhetoric and in terms of policy response. this is where again republicans need to not just have a better message and better tone recognizing the seriousness of this issue but having the right solutions to ensure we can go shopping, go out in our communities, kids can go to school safely. it is a broad issue and not something either party can afford to ignore.
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neil: got to focus on the message of what they are going to do to your point. great job, appreciate it, good seeing you again. we put out feelers to a lot of you are ahead of the debate. left us no, we've got some doozies from people who did just that, jim writing i feel nikki haley authored the most viable policies. i like specifics behind doug bergen, the north dakota governor. ron desantis, scott disappointed me by talking points rather than specifics. i wish debate moderators could turn off the mike's. christian rights vivek ramaswami stood out for his youthfulness and rhetoric, but he was weak on substance and pandering to some in the electorate. ron desantis stood out with some powerful answers with his convictions and job as a
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governor, trump stood out, michelle writes the best bite, vivek ramaswami versus haley, and nikki haley, the most aggressive was mike pence, most forgettable was tim scott, asa hutchinson, the funniest was chris christie. most solid performance ron desantis and mister congeniality, doug bergen. if you take the congeniality, a little more after this. ♪
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now she's a lot more active, she's able to join us on our adventures. and we're all able to do things as a family. ♪ get started at betterforthem.com neil: last night was the kickoff of a republican president a candidate debates. there will be another next month on this network. the fact of the matter is a few debates are plans among republicans. not one on the democrats, trying to ignore among others robert f kennedy junior.
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the cochair research capital, and supporting get financially robert f kennedy junior's efforts, the debate in the democratic party, they were kind enough to join us now. very good to have you. your thoughts on the democratic party and whether rfk junior had a chance to debate. >> i am a lifelong democrat and i am disgusted at what is happened with the democratic party. the dnc machine has gotten incredibly corrupt and they have really lost sight of the basic tenets of democracy. in this country, the people are supposed to have a choice and have a say as to who are elected officials are and the dnc machine is basically trying
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to unwind biden without any debate, trying to exclude rfk junior in many cases, with the primary system to prevent people from having a choice but rfk junior is getting a huge amount of traction and excitement and they are lashing out against him, and -- neil: you are very transparent, i respect that. had his numbers are slipping. and some polls he's down 13%, down 8% or 9%. that could change very early i grant you but does that trouble you? you would have to have something in the polls and may be his is declining. >> the most recent poll i have seen is a zogby poll from south
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carolina where he pulled 24% among democrats. that's the highest number i have seen ever. rfk junior has been campaigning in south carolina. is having an impact and making progress. neil: is he hurt by the possibility that any association funds such as yours will be seen as anti-democrat? i know you are saying lifelong democrat but the perception would be robert f kennedy junior is more popular among republicans than he is democrats. >> you absolutely have the dnc and the dnc aligned media stating all sorts of things, many of which are not true at all and slandering every way they can. he represents a return to traditional democratic values and the values that made the democrat party working for the middle class, peace,
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prosperity, not being in the pocket of giant corporations and unfortunately, the democratic party has sold out to some very corrupt interests, and they are threatened by an honest candidate like rfk junior. neil: we will see what happens. you, as you see it. the cochair backing robert f kennedy junior. by the way, democratic presidential candidate will be my special guest at 4:00 pm on fox news as well as chris christie, former new jersey governor who was giving as well as he was taking last night. it got heated. both men. we have more after this.
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neil: was between black rock and a hard place, the investment firm trying to wade back a little bit, environmental, social governance, esg and political correctness of that some critics say has gone too far. hillary vaughan following that on capitol hill. >> reporter: driving dollars to investments that progressives see as being politically correct and friendly to their viewpoint might not make a lot of sense after all. black rock significant a dialing back it's esg investing, assets aligned with what some consider more environmentally and socially friendly than others. this year black rock backed 7% of shareholder proposals that focus on esg compared to 22% a year before. black rock explaining the move in a report saying so many proposals were overreaching, lacking economic marital redundant, unlikely to help promote shareholder value.
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republicans on house financial services committee, blocking investment groups from letting esg handcuffed their investments limiting shareholder returns. >> investment groups trying to make money, getting back to that, they say it doesn't make money in black rock and started to realize those radical proposals don't work. >> reporter: black rock ceo larry think once flirted with esg as the future of investing. it is a dirty bird for him. alternately money talks and it is clear black rock is ready to move on. neil: in the meantime, investors in nvidia, to run the stock in after hours trading, better-than-expected earnings news. half of 1% here. what he makes of that,
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technology in general. it is leading a robust parade in technology but what do you make of it. >> this goes along with jackson hole. one of the reasons technology stock start to turn over. they see the kind of things, look at the nvidia report yesterday. i don't think they could have done better on their earnings but stocks are up after feeding of a rally this morning. we talk about the same price in the investor podcast. the same story with all the big tech names. price action tells stories. when yields a stay higher longer, uncertain environments, investors looking outside technology. casino stocks, churchill downs, whatever they wear down there, watching some horses but their partnership helped them grow. you got to look outside technology. neil: i wonder if the higher
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interest rate is weighing on issues and mitigating what would otherwise be a robust day and we might see it because nasdaq, technology stocks are disproportionately hit by a higher rate. what do you think? >> higher for longer is the narrative. the fact we have 3. 5% unemployment gives more leeway for that narrative. what interesting is conflicting data out there whether or not rates being higher is good or bad. from a consumer standpoint a little evidence suggests higher rates are helping the economy. who would have thought this? i have been very outspoken about negative long-term implications of middle-class and the biggest softball separation in history. those assets can make 5% at the bank so they are making more money. when you're making more money are willing to spend more money
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and more willing to take out more debt to leverage the money you are earning. that something a lot of people don't think about and increasing spending, upper-class consumer by the lower middle class and lower class are borrowing, they don't have money, that makes the job harder. neil: we were talking about how many borrowers were running late bringing back the monthly bills. they are manageable numbers but we are up to numbers we had not seen since right after the pandemic. i wonder what that could be signaling. >> that is huge, lower class consumer is different than the upper-class consumer. the lower-class has to borrow money to support their lifestyle. when an emergency comes up they borrow. any stocks outside your retirement accounts, not
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talking 401(k)s or iras, you don't own any stocks to make money off of dividends of income, you can't use that as leverage. you don't have a lot of money your bank account, you can't earn 5% essentially. there's a huge separation going on and who pays for it is middle-class and that is what we've seen the past few years and continuing to see when interest rates go higher but as long as people are spending money with upper-class consumer, stocks might go higher. something breaks down the road. adam: maybe jerome powell will spell out where he goes and end this, we will see tomorrow when he speaks in jackson hole, wyoming. thank you very much. he could bypass all that and not speak about this. jackie deangelis will take you through the big topics like the one we discussed in the next hour. jackie: a big show coming up this hour.
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what did voters think about it? and how it could impact their money. if they change their views, we've got shannon bream with us giving us a bit of the washington inside angle on the fallout from last night but first, more coast-to-coast after this. ♪ ♪ providing for your family is a top priority. but what happens when you need affordable health care? christian health care ministries could save you up to 40% today. as a member, you can choose your provider without network restrictions. sign up at your convenience with our anytime enrollment.
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don't wait —find a hand specialist trained in nonsurgical options, today. i found mine at findahandspecialist.com. >> i believe in a culture of life. i was proud to sign the heartbeat bill. her son took something laced with fentanyl, immediately died. that is happening all across this country because of the poison they are bringing in. as president, what i use force, treat them as foreign terrorist organizations? you are darn right i would. the 20 iran desantis from the d bait, the number one guy on the stage about donald trump, a lot of people thought he would be the target if not the pin yada, vivek ramaswami got that honor.
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that depends on how you watch it and where you thought it went down. how lander bert is a backer of ron desantis, big donor to him before anyone, the founder and ceo. good to have you. your guy survived last night. is that enough for the time being? >> i think he did extremely well. he was the winner of the debate and got his message out and talk about things to millions of people who never heard him speak. he' s the only veteran on the stage who understands what it is like to serve overseas. he volunteered and went into the navy and his message on the economy and the border. the other clear take away is based on what vivek ramaswami said he should drop out of the debate, drop out of the campaign immediately based on one of the things he said last night which is he said donald trump was the greatest
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president of the 20 first century. if he believes that, why is he running? why doesn't he drop out and endorsed trump? or does he believe trump is going to jail so he will stay in and run? maybe box number 3 is at 38 years old, with less governing experience than the average city councilman he thinks he would be better than the greatest president of the 20 first century, or he is just a shill for trump. one of these things will be asked of him but i don't know why he is in a race if he thinks donald trump was the greatest president of the 21st century. neil: something is working for vivek ramaswami because he is threading the needle to keep those trump supporters happy and not get them booing at him. you are quite right in this regard. donald trump liked what he was saying especially the best president of the century. and tweeted out on truth social, you get the word out. i am wondering where you see this going now. as as the race ensues.
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>> it still as we 2-person race. at the end of the day, donald trump is getting booked today. that will be $500 million of earned media he will get from that. i don't anticipate big jumps or movements in the polling but that's not what we are looking at. we are focused on iowa, new hampshire, not focus on national polls. governor desantis has the right message, he is doing well, he did well last night. at the end of the day you are not going to see big movements in polls. don't anticipate that at all. we stick with what is going on in iowa, new hampshire and south carolina and movement over the next six months towards governor desantis. the pulling for him looks great. he has the highest favorability rating of any of the candidates even with millions of dollars spent against him. that's what you will see. neil: he is still behind by a lot. not as much as when you look at
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it nationally but as a money guy, trying to entice other money guys, we are told given the experience early in the campaign when they went through a lot of dough, apparently -- they are stumbling and stumbling out the gate and not doing much to encourage more money coming into the debate. >> i'm not seeing that at all. the fundraising is going extremely well. you will see good numbers at the end of this border better than any other candidate and summer months are harder, summer months are slowing for fundraising, historically for every candidate. it's going well. we are not seeing that movement at all. we are seeing support from a donor standpoint for governor desantis. there's only two candidates i think can be this nominee, either donald trump or governor desantis and one other thing based on last night, there was a lot of bickering and fighting back and forth and governor desantis didn't get involved but donald trump happened to
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win this thing in the end, he is a one term president and we will be back to the stage again with probably twice as many candidates fighting and bickering against each other. the money is going to be spent not on trying to win congress and other things but back to where we were last night, that's a reason for people to think about as they think about who they are going to vote for. neil: always good seeing you, thanks very much. you had to compete with that construction. i they tearing down things? everyone has been very cool about it. more after this, the dow down 200 points, technology stocks as well and nvidia is doing well. not as well as it first was.
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adam: the rumors are out there and confirmed, stocks sliding $3, announcing to its employees it is planning to reduce the size of its workforce by shia have 7%. the reduction will take place in 5,000 positions. retail and consumer care experts would not generally be affected by all of this. my colleagues in the next show after this
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