history, ricky, what do you have? >> i'm cringing at the fact that i'm going to say three but i'm not 100% sure. stuart: you are right. it shows up in yellow. is your mom watching? >> my mom is watching i would've never heard the end of that. hi mom, your daughter did not look it up, she got the right answer, ashley and i got it wrong. stuart: i got it right. stuart: i'm sorry, you did get it right. thank you for being on the show. thank you for your wonderful input now is the time i count on to the start of the next show, "coast to coast" starts now. neil: what you did for yourself, do for us, there is a whole strike of shooting words, uaw

president shawn fain for the big automakers, those big pay raises you gave yourselves over the last four years, give them to us for the next four years, fox on top of union members going for the gold not necessarily going for ceo pay, the same percentage height that ceos are seeing in their pay that is why strikers can reject 20 and 21% pay increases compared to the boss, this game of chicken has only just begun. ♪. neil: welcome everybody i am neil cavuto let's go right to just lock in toledo ohio on how workers are turning generous pay packages for the boss to their advantage. >> it sounds like a lot you make a great point, 21% over four years, that is 5% a year that is a whole lot less then what the

big guys got his compensation at tstellantis they said give us te same percentage increase, that is what shawn fain the uaw president said to msnbc this is toledo ohio, we have ten, 12, gates they are all surrounded by picketers and shawn fain says the whole two-tier system where some workers make you two, $32 an hour some guys making $70 for the same job, that is not fair. listen. >> when you see the people that are sitting in office making decisions and sometimes not the greatest decisions that affect us on the floor that are making millions and millions of dollars in the people on the floor are getting what they need to get, it is upsetting.

>> we want to end tears were you have workers on the line doing the same job for severely different rates of pay, there is no excuse you're expected the day you're hired and is worker to perform the same worker next to you and there should be no reason why there is a $16 an hour or $15 an hour pay discrepancy. >> stellantis is negotiated with the uaw today in detroit after what was first described as limited progress over the weekend with gm and ford. i'll leave you with these numbers, the uaw arguing that stellantis made $12 billion in profit last year, you spent four and half billion dollars on buybacks. you paid your ceo $24.8 million. isn't it time us guys on the line did okay to?

neil: thank you very, very much, my apologies the ceo salary 24 and half million. joining us of the uaw local or team president. tony, your union has decided to reject 20 and 21% pay hike proposals from the likes of ford, gm and recently the parent of chrysler, does that make you nervous if you turn that down in the hopes of getting a better deal, i get that but this could get pushed to the brink? >> thank you for having me, good to be with you, yes that is very concerning, strikes are easy to get into in hard to get out of and you look at the end of it, what we just went there, doesn't make sense if this is good to be a long strike which will be very

costly to the corporations, you might take what that will cost you and give it to yes, sir compensation president shawn fain is right and a 40% over the last four years and all the ceos sit on the same boards and they give each other these raises and that is fine and you look to the shareholders and all the stock buybacks, that is fine but when he gets down to the people that do the work, after six weeks of covid we were back in the facilities because we can't make a transmission from home, they said not you we do not have enough for you. that is not right when you look at the polling in the country it came back 75% favorable of americans supporting uaw workers in this because americans are workers and they are facing this too. were tired of the bad deals in his time to share in the profits. neil: shawn fain, the union

president said he's not keen on meeting with two representatives of t the to center michigan, and the white house advisor jean sperling said no rush to meet with them or play any arbitrator role, are you okay with that? >> we have been doing this for about 90 years, we know how to negotiate. help is fine and we want to find it into this but it has to be favorable to our members. it is nice that president biden knows that we need more in our package to get this thing done. he of all people know because in 2009 he oversaw the restructuring with the obama administration. he knows what we gave up to help the car companies see profit sector seen today and now it's time to share do we need help with the table i don't think just yet but hopefully we will get a deal soon.

neil: let's say you get something well north of the 21%. i think mr. shawn fain has been quoted as saying he was open to doing something in the mid-30s with a presented hike, i don't know if he still holds to that you would know more than i do, you get that but you don't get the reduced workweek at 32 hours or some of the extra benefits that you were seeking. would you personally peel okay with that? >> i represent general motors in toledo it is a powertrain facility, we work many hours beyond 32 and our members are accustom to that. it would be nice to get more vacation time that would be the offset but i will let them figure that out at the table. is not just the amount of money, structurally we are broken from the bankruptcy the temporary employees we cannot have this, years on end with them unable to contribute to a 401k program,

years on end with them not having the profit sharing that we all know, mary barra said we give our employees profit sharing, not all of them that's why were on the lines now, structurally our contract is broken and we need to fix it. neil: we will keep track of this, thank you for joining us in the meantime. >> thank you for having me. >> the backdrop of the fed meeting on wednesday we could determine in the federal reserve to raise or hike i'm just curious what teddy weisberg makes of this, you could argue in the face of the more generous labor agreements of late i don't know what will happen here but let's assume at a minimum these guys do get a 20% pay in a probably be more than that. could you ever imagine ephedrine a preemptive strike ahead of that. >> i don't think so clearly we have a chicken and egg problem

and he gets back to fiscal policy and monetary policy. yet the white house basically encouraging the labor unions to ask for more money and the other end of the spectrum you have this fed raising rates to put a lid on inflation and clearly whatever comes out of the uaw strike is going to be inflationary and eventually will all pay the price, the price of cars are going to go up so forth and so one but the answer to the question i don't think the federal be preempted but what it does tell us they're fighting a losing battle because you have all the fiscal stimulus whether through labor contract or the government spending money on whatever they spend money on and the fed trying to put a lid on things and we will see interest rates stay where they are and work harder so it will be a preemptive strike but you can be pretty sure they're going higher as a result of the increase in wages which perhaps are

warranted and not make any case either way but it's inflationary and it's going to filter its way through the entire system whether it's higher wages were oil at $92 a barrel because failed energy policies, no matter what the end result is we live in an inflationary environment and that can have a positive effect on interest rates and a positive that is going to work higher not lower. neil: is already happening with the ten year note at 16 year highs, were looking at whale closing in on the highest level that we seen in almost a year, where do you see this going when i quote the tenure i'm quoting something that the markets control not the fed that is not a fed set rate that's a mark of participation, how much higher do you think we go if we don't see a move this week do you think we will see what at the next meeting?

>> nobody knows the answer it would be great if we did, we can all see the dynamics of what is going on in the dynamics quite frankly are on the side of interest rates going higher because the fed is basically fighting a losing battle either way the threshold of pain and interest rates i remember in the 70s because clearly i was here then interest rates of 15, 16, 17%, ultimately it's going to be a problem for the stock market and that is the world that 11, now today the three-month and six-month treasury, the three-month was at 5.5%, six-month was slightly over 5.5%. and the fact that folks have an alternative to equities, 5.5% risk free, not a bad place to be well the dust is trying to

settle in terms of where were going vis-à-vis inflation and/or higher interest rates. neil: real quickly to your point, when you're getting those type of returns and what used to be 0% interest rate environment with the protection and the full faith and credit uncle sam behind it, that is quite alarming. >> it is a no-brainer, it is a market of stocks not a stock market as were always reminded and always something to do or something interesting and perhaps folks need to look at sectors of companies that can pass along the price increases that can deal with inflation whether insurance stocks, maybe the growth area would be a few tech names still worth owning or energy with oil at 90 $2 a barrel.

with folks that don't know what to do, sometimes the best thing to do is simply do nothing, get out of the way, wait for the dust to settle in the year ago you would get 0 on your savings and i get five or 5.5% not a bad trade. neil: you're not too shabby, teddy weisberg on the big board, a lot of the auto companies have been saying we can't do much more because we've been investing and losing a lot of money on all of these electric vehicles, they think that is going to change right now is signal out of california that it is not, governor newsom is about to require a bill that will demand companies reveal their carbon footprints, how do you think that is going to go? after this. ♪

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neil: another idea coming out of california a proposal on the part of gavin newsom that he hopes to implement soon required to release their carbon

footprint and to be cleaner and meaner, a lot of people are having a pretty mean reaction to that and the cost involved. alex epstein the author in a very good read of all of the stuff, what do you make of this. >> california where i live is so disastrous in terms of energy we are banning internal combustion vehicles five days later newsom had to announce we don't have enough tvs now and we have the totalitarian tracking system where the government is telling you to track every little bit of co2 emissions related to your business for a billion dollars a bigger this is another reason to not do business in california which is tragic for those who live in california and the rest of the country we should have a booming state and instead were ruining it with terrible energy policies. neil: what are businesses saying to this, can you force the is

issue. he can force a lot of things and you can see this with the sec with climate disclosures and businesses are upset about this except for rent seekers that want to take advantage of being big so they can afford the paperwork and totalitarian compliance and smaller businesses can 1 billion is not that big for business just imagine you have to track this impossible thing, you cannot know all the co2 admissions and most of the people who are happy about this people who are committing energy fraud one way or another another is apple i exposed apple for energy fraud in 2016 and instead of refuting it to him cut had steve dowling take down my forbes piece for five days for pointing out your obvious a not 100% renewable and not carbon neutral, this is a scam and these are the companies pushing gavin newsom to crack down on everyone to make everyone's lives miserable. neil: do what they say for the not for me, the favorite

companies and not so favorite companies like the big energy concerns in the fossil fuel industry that you write so eloquently about. >> even using fossil fuel companies claiming net-zero complying with these things and the larger ones like this but nobody has net-zero and a meaningful way unless you're doing it in a scalable way if you buy offsets like planting trees or mangroves even if it absorbs the co2, that is not a scalable thing it is a bunch of wealthy companies buying a very limited pool of offsets and saying to the rest of the world why can't you do what we do is virtue signaling by rich people and sends a terrible message to the public that is possible to be net-zero soon which is impossible without destroying the world. neil: there is not a clear science on how you calculate that. thank you very much, alex

epstein not all that. this could have ramifications in the united states. a move by italy's prime minister who is moving quickly to form a naval blockade from north africa from tunisia to get into italy. she thinks the blockade is the only answer that the european union is urging her to slowdown and can emphasize, italy has been inundated by immigrants illegal trying to get into the country to the blockade's only solution she can come up with for the time being so she expects to implement ramifications in us and whether we would consider something so sweeping here in the united states there are some developments that bear attention. bill melugin has more on that permission texas. >> afternoon to you, earlier this morning we saw one of the biggest mass illegal crossings that we have ever seen take place in eagle pass texas, we will get right to the video.

border patrol sources telling us over 2000 people, this is the wrong video, this is video that fox got yesterday from sources showing a train from mexico to the u.s. southern border. as you can see migrants waving in hooton and hollering and now the video this is earlier this fall this morning in eagle pass 2000 people crossing illegally the video coming from the mexican side of the border from whatever contacts over there, look at the long line of people walking through the river this is from the drone team after the migrants eventually got to the u.s. side and were processed you can see a lot of single adults as these people have no fear of consequences for crossing the border illegally they believe they're going to be released into the country and that's why they show up in the massive massive numbers, back in here live cbp sources tell fox news live that they had over 20000

migrants in cbp custody and that's with the mass street releases, the sources tell us they're getting close to breaking point and things of the border have never been worse, will send it back to you. neil: in the meantime day four of the uaw strike, why some are looking at this as a sign of higher wages here to come. whether you ready for a not pay attention. after this. ♪ your record label is taking off.

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>> it tells you when you have the most pro union president and he touts he is emboldening the unions, this is what you get and i'll tell you who pays for it, the taxpayers, the union is asking for a 40% raise, the companies have come back with a 20% raise any of the taxpayers would love to have a 20% raise and think that's great, the problem we're going to suffer from this. neil: that is falling this way on deaf ears because they think they have a shot and that's why they turned out the 20% or more pay offers seizing the day. they say scoot over a tied time. they're frustrated at a loss this is part of the american breakdown, the title of my friend jerry baker's latest book, it is his premier book of the wall street journal, jerry

we've been talking about the messaging, people are exasperating you could say the same about strikers. imagine the president of the union telling the president of the united states i know you're bringing two emissaries down here but were in no rush to meet them in the workers taking the matters into their own hands, what do you think of it. >> thank you for having me on as part of a destabilizing trend that were really seated in the country and the stuff i talk about my book, the strike is so destabilizing because the numbers involved nikki haley and you talk a lot on your show, they want 36%, over four years you and i are both old enough to remember the 1970s, you fared better, that was the stuff that we got into in the 1970s when things were getting out of control and i fear that's where we are. neil: whatever deal is not going

to be. again i'm not completely critical of the uaw they've had wage increases below the rate of inflation, companies have done quite well and a lot of that has been driven by policy, fewer workers for electric vehicles, economic realities coming up against political reality. economic reality companies are folding the levels increase having to make for the electric vehicles. were a powerful as you are nikki haley most pro union president after. >> they don't trust their bosses, they don't trust the rich ceos to look at of our interest in aggregate the administration is disconnected, the republicans talking to both ends of the mouth, both parties

have been shepherding the huge groan unaddressable. >> all the major institutions have lost huge amounts of trust. it's very interesting wanted reasons somebody voted for trip because they had enough of these institutions and misled the country for too long many of the union workers ready for donald trump and the democrats voted for donald trump. neil: we heard from more than a few that were not big fans of the president, they're making that clear as well i don't how that all sorts out, what do you

think. it's another indicator of how traditional structures traditional institutions are breaking down the reliability of labor unions to vote for democratic candidates. michigan. neil: if donald trump was a nominee could he have done that. the language is speaking, the language of the people and a lot of the issues that they care about annie's quite careful, he is been critical of the auto companies, a lot of people don't like the positions. neil: essentially don't get too greedy, it could be your last in the shop so go to china. >> is also expressing sympathy, he is the one, even of the republicans like jd vance senator of ohio that expressed sympathy with the working-class voters many of whom understandably don't feel they have been displaced, they have been displaced by foreign workers and pushed out, i talked about this in my book and the

way in which big business has pursued profit an opportunity. neil: you just don't shall criticize like a cable host, you actually look for a solution. in the end how do we get out of this, who is it. >> a lot of it is bringing things home, i talk about that a lot in the final part of the book, one of the things that we learned from the surveys of trust, people do trust local business and they trust local politician and government. neil: local congressman. >> they like small things that are accessible to them they do not like big business or big tech or big media but they like something that is closer to them something that they feel they can identify that aligns with their interest, we're going to have to do a lot of that bringing jobs back to america, that is going on now it is a good thing. brigade even accountability and

power back to the people. a lot of the distant alienating big institutions on our lives whether big tech or big business or big government. we need to get back to what made america great which is americans. neil: i noticed in the end we can get through this, are we up to doing just that. gerard baker, american breakdown how americans lost trust in their leaders and how to rebuild it. it does make you think he is an amazing writer, he foolishly comes up with ideas to help us get out of this mess, there is then asked you on your own, i highly recommend. a highly met karen that you pay attention to hunter biden's complaint about the irs whole lot. you might want to care because the suing irs right now for something that could hit you after this. ♪

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(sfx: stone wheel crafting) ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ neil: a lot of tax details leaked out of hunter biden they were never part of the indictment for gun possession charges if you are found guilty behind the slammer in 25 years. the argument that hunter biden

is making when he went after and started suing irs, this is the latest development, his privacy was invaded and this could happen to anyone. hillary vaughn following the latest drama. >> hunter biden's team alleges his right to privacy was violated when irs whistleblowers gary shapley and joseph sigler testified to congress that their investigation into hunter biden taxes was stonewalled by higher-ups, hunter biden's lawyer say he was unfairly singled out the irs agents have targeted and sought to embarrass mr. biden the public statement of the media in which they and their representative had confidential information about a private citizens tax matters, whistleblower is supposed to uncover government misconduct not the details of that employee's opinion about the alleged wrongdoing of a private person. the whistleblowers testified under oath there was indeed

government misconduct, they claim hunter biden got special treatment and he was treated like every other american you would been charged with tax fraud along time ago. the whistleblowers lawyer saying they did not violate privacy or leak any sensitive tax information. instead congress the house ways and means committee released hunters tax information that they had a legal right to do so and once it was public knowledge, the whistleblowers had a right to talk about it just like anybody else. >> this lawsuit is an attempt to intimidate the whistleblowers and any others that might want to come forward, the whistleblower or the taxpayer protection statute that congress wrote as a specific provision for whistleblower disclosure of any wrongdoing in the investigation of tax returns, that could be disclosed to congress, that's of these individuals did in their clearly protected by the statute so they had every right to talk about congress to the manners. >> hunter biden is hoping to cash in on the whole ordeal.

the lawsuit demanding more from that he paid $1000 for every time his tax matters were discussed improperly by these whistleblowers. as you know, the whistleblowers have done a lot of tv and a lot of talking on capitol hill. $1000 for every time that they talked could be pretty lucrative. neil: that is a gofundme page, thank you very much. hillary on capitol hill, the fallout sarah chamberlain gop strategist means street ceo we also have carly cooperman research cpu. a lot of people have very polarizing views of hunter biden i am here to get past that and say the argument that he is making, this can happen to me it could happen to you, what you make of that. >> i think it's an argument relatable to american voters who value privacy especially in the age of the internet and big tech companies and all sorts of

security and privacy as we navigate a world where the internet is literally in touch and overlapping every aspect of our life. that being said is still hunter biden largely unpopular and most voters are not particularly sent unto sympathetic to the issues he's facing. neil: most voters don't cheat and ride the way that he does so that seems to be a mute point but sarah there is something is trying to plan maybe the idea that i've been kicked around enough this is a bad reflection of my data my data has nothing to do with it, lighten up is that part of the strategy and would work. >> i think it's part of the strategy and is looking for sympathy and i do not think it's going to work i think people are done with hunter biden and they know who he is and what he is and that's why joe biden president biden's poll ratings are going down. >> they are going down and i noticed seven key battleground

states donald trump is moving ahead of joe biden not a single boat has been cast not a single republican primary but having said that as close as the popular vote looks between the two men donald trump could conceivably if he were the domnominee. >> biden trailing in swing states is problematic he has to win a good deal if he's going to be successful in the election. i think the problem lies with his support of independent voters, this is a voter block that he wanted 2020 and he needs to win again next year fees going to be successful and they care about the economy and crime and they rate biden poorly on the handle of the issues. that being said they care about abortion right and they favor the democrats over republicans in terms of their handling of

the issue and they care about preserving democracy, we know that's an important issue to voters so as badly as they have been reading biden they think very negatively about trump in these are issues that could sway voters and some swing states that were looking at right now. >> there is a boomerang in the republican party, concerns and the war in ukraine. nikki haley has been concerned by the growing anti-help ukraine union within her own party with even some of her competing presidential candidates. i want you to respond to this, nikki haley was here on saturday talking about this. nikki haley. >> there are many house gop members that want to strip out the $24 billion targeted for ukraine in an offense appropriation measure, what you tell them. >> i tell them that we spent 3.5% of our defense budget. percentage of gdp 11 european countries have put in more than

us that is a small price to pay to prevent war. a small price to prevent my husband and other military members from having to go to war, a win for russia is a win for china. >> it's a tough sell in the republican party, at least a good chunk of it. >> it sure has but the republican main street partners are almost 90 strong, they support were governor haley, secretary haley is coming from or ambassador haley, the reality of what they're looking for they want oversight were spending a great deal of money but limited oversight and we know when the past ukraine has been a corrupt country so they're asking to know how our money is being spent. neil: final word on this, great to see you. a lot more coming up including wall and broad, a ten year note that hit a 16 year high, other notes and bonds are multiyear high, this is the markets way of saying higher rates are going to

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neil: for a lot of young people the idea of owning a home for one in five millennial and one in ten gen z they don't see it happening. they started in homebuilding now mr. fancy's fancy bill pulte. a lot of young people and not so young people but everybody is young to me if you're below 80. what do you make of that. >> if we have a problem with unemployment which i don't know if we will, unemployment is low this is going to be a problem you see was going on with the tenure in the bond market, the

bond market is very smart and in many ways it is telling powell what he needs to do and the fact that he's telling powell and has me a little bit worried, i thought as you know coming into next year it's going to be rougher than the last few years in the housing market. neil: for young people who feel that the prohibited environment and they won't be able to buy a home this will add fuel to the fire and market rates are backing up to the degree that they are and try to tell the federal reserve to keep i to address this, game over. >> i think so, people thought of rates went up, they came back down, i think people are starting to give up a little bit on the notion that things will come down anytime soon. you know the housing prices of stayed pretty high so the fact that we would have interest rates is not a dramatic slowdown in home prices, if you look at the mortgage rates flipping on the high prices you can do the

simple math nc that is quite a big payment on the monthly basis. neil: what is the answer if the fed were were to respond let's surprise everyone and raise rates, i don't think that's expected, interesting to get your thoughts can it alleviate in prick the bubble now? >> we are in a tough spot i know it sounds self-serving because our family build homes but if you're in the market and looking to buy a home if you want to buy a home in the next 6 - 12 month i don't like it will dramatically get much better to be honest with you, i think the homebuilders will continue to do well, zoning is a big problem as we talked about many times and i think if rates stay high there is no reason not to buy a home compared to six or 12 months from now and i hate to say that but i know that sounds self-serving but that's my honest opinion. neil: you can understand why

people take what they can take when they have an opportunity to take it it is apples and oranges, i grant you but the uaw strike going on where they're confident enough and up to 21% pay hike because they feel they do more and see management getting more and they want in on that, what you make of this phenomenon but alone inflationary applications. >> the housing industry does not have the type of unions at the automotive industry has, obviously the labor is a little bit more scattered and labor has not been the component is more regulation around land use in homebuilding your questions are great question is this sustainable, i think that's what you're saying, the concerned with unions wanting this type of money, that works for now what happens in a year or two when the economy is softer and i think jim farley and for the

good of a big problem on their hands because the demand may not be there then you have tesla that is lowering prices. it is an interesting dynamic and i think everybody needs to be on their toes in this market. neil: it might explain why some of the workers are using the same argument that you just raise their to take advantage of a deal while you can get it. donald trump said this might be their last deal because a lot of those jobs are going to go elsewhere, they could go to china the only guide that's getting it on the ev front in making money, so far is elon musk, what did you think about. >> unfortunately there is truth to the tesla cars and a component for ford and gm is inflationary that the competitive advantage for tesla i need look at people in the millennial and gen z they love

the tesla's i think a lot of millennial blood ford and gm but if you have a situation where tesla is deflationary and ford and gm are inflationary, that can be a big problem. neil: bill pulte good to see you. the dow on that up 95 points in interesting development whether you the uaw is encouraging workers to stand strong and stand tall. were getting indications right now the $825 million fund strike fund is dipping under 800 million don't how accurate those figures are that allows for workers to get paid $500 a week through the strike. more on this.

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neil: did you order the new apple 15 someone has the stock is jumping on report the activity and preorder are stronger than thought, there telling market insider the preorder for the i 15 arrowhead 12% year over year compared to iphone 14, still early but were keeping an ionic as brian brenberg and his buddies. >> are you good upgrade to one of those things. neil: i don't know i am cheap. >> there you go that's nei