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tv   Cavuto Coast to Coast  FOX Business  September 19, 2023 12:00pm-1:00pm EDT

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lasted 1933 when the 21st amendment repealed the 18th amendment and gave control to states over alcohol laws. thank you for joining us, time to show me the movies? cooper teaming up with oracle to offer last mile deliveries called collect and receive, available on the retail apps, goober is up one%. one%. thank you very much for giving me that stop take. >> lots of levers. stuart: good stuff. it was a great show, lots going on but our time is up. you know what i'm going to do now? count you down to coast to coast. it starts now. neil: sean fain and uaw leaders threat to target additional strikes against unnamed auto
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plants, it is creating a bunch of anxiety, that is the way it is. limited a strike to less than 13,000 workers out of 36,000. the strike on money, also keeps the auto bosses guessing and scrambling, already they are closing 8-team facilities, ford and the gm sideline hundreds of workers to brace for what and who could be next. we talk to a former uaw leader about what he thinks of this unusual strategy. it is working but for how long and for americans in the market for a new car how expensive, the price for those new wheels going up by the day every day and it is a problem getting bigger. wouldn't you know, coast to coast.
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welcome, glad to have you. i'm neil cavuto. he might as well strike a short strike from your walkout expectations, strong words and supposedly on budget will positions. the very latest on where things stand now. jeff. >> reporter: wish you weren't so right. both sides, all efforts point to digging get in, the union and management firing back at each other. toledo, ohio, the assembly plant where they make the wrangler and the pickups have you here, the support they are getting, you can have me tell you about it but the plot thickens today. sean fain, the menu referenced
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at the outset has declared, making a line in the sand, it starts three days to the our. >> i have been clear every step of the way and crystal clear again right now. if we don't make serious progress by noon on friday, september 22nd, more locals stand up and join the strike. >> reporter: no indications which plants they might target on friday and immediate at those plants, and there is indication these strikes will continue. ford has a problem, they are threatening to strike two. mark stewart, grady trimble, coo in north america.
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he says he's trying, made progress but whether that will happen, he doesn't know. listen. >> trying to seek and understand and make adjustments. always about listening to what is great for our folks and what enables us in the marketplace so it is about sitting at the table and finding a solution. >> reporter: the automakers pointing us to this, this is labor costs. there average hourly labor cost benefit as well, $66. elon musk paying $45 and tesla, already at a disadvantage, they listen to the auto workers and implement what they want, $136 an hour and i leave you with this one. we might have been able to
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guess what sean fain thinks of donald trump but if there is any doubt let me read you what he put out today. every fiber of our union is being poured into fighting of a billionaire class and economy that enriches people like donald trump at the expense of workers. we can't keep electing billionaires and millionaires the don't have any understanding what it is like to live paycheck to paycheck. donald trump will be here, he says, next week. at var rate we are going, there will still be a strike. >> he will hold off on endorsing donald trump. great job, jeff flock. the former uaw president, mr. king, thanks, it is pretty strong language regarding donald trump. >> absolutely right.
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donald trump promising people don't sell your home, don't move, we will keep the plant and he didn't lift the baby finger to make any difference. it never should have closed in my mind. sean is exactly right. neil: the union has not made a presidential choice yet. some in the white house are getting nervous about that as they wonder if the union would back president biden. seems safe to say after that language that there are still inclined to support president biden if he's the democratic nominee. >> reporter: he's absolutely right. we need president biden to do more to excite workers, get workers to come and vote. the union endorsement alone doesn't move people to the polls as much as you need to win elections, we need to say
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here are things president biden has done or committed to do that would dramatically help you and that is how we get numbers to make sure family members get out to vote. he's right in the position he has taken so far. neil: he has so far pushed back on talking to the adversaries the white house wants to bring, the acting labor secretary, the white house advisor, i don't think they play the role of arbitrators as much as keeping negotiations going. mister fain seems to be saying i don't want to talk to these guys now. what do you make of that? >> he is right. i would hope jean sperling who i worked with over the years will talk to the companies. the companies created the strike. that's important to understand.
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spent an hour and 1/2 out there yesterday. some of the expectation and abuse of workers is staggering to me. i talked to one member, 18 years working here, took him to get to full pay, took 10 years he was temporary. that's morally wrong, unacceptable. getting rid of tears is important, it's about fairness and justice, getting cost of living protection. all the things on the list are just about restoring what workers gave up to save these companies. neil: giving the push presenting this dilemma for these workers now on strike, this ev push which is not a financially rewarding venture that might be down the road but many workers when we chatted, that has been a problem. had they been pushed into this
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corner by the very folks who supposedly want to help them. >> i would say no. history going back, we've always been environmentalists, always pushed for the general public welfare as well as the welfare of membership, china has been great about that, his view of what the contract means. there is going to be a movement to ev number below we want a fair transition. not trying to block the move. neil: does he want a longer transition? that's the costly one, they lose money selling electric vehicles, all the major giants do accept chesler. that's a wrap. >> any transition will be costly at the beginning. these companies are extremely profitable, extremely strong financially, they should be paying those workers in the ev
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battery plants, they should have the same contract as uaw members. a just transition means those workers under agreements or protections, strong protections they have the same agreement as workers in engine plants have today. that's a just transition, how long it takes a decision for consumers. consumers will decide if it is a short or long transition. neil: consumer say it's a long transition. it could take a why also therein lies the rub. >> and a responsible union, membership and the common good of the general public we want to help with the environmental crisis we are in. we will work with the companies, i worked hard with the companies when i was there,
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standards for a mission's, we work with whatever the administration is in power to make sure that happens. we agree with president biden it is a crisis we have to deal with. i think the demands are extremely important, members strongly support being on strike. every member i talked to, a couple hundred on the picket line, strongly in favor, don't want to be in strike but feel it is necessary and willing to stay out there until we get a fair contract. lauren: 20 great having you on, thank you for joining us. some details of the pay package the union is pushing for, jobs, benefits, increasing salary, 40% gain from where we are but doing a little research ahead
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of the show looking at ups workers negotiated in that 40% pay hike range, airline pilots from america united in and out of that 40% pay hike range. keep in mind the managing partner, no matter how you feel about strikes, union workers versus management, the fed's goal is to%, 40% is a long way from that. what do you make of it? >> this is the party spoiler. if you don't live in the industrial midwest you might not know there is an auto strike but you will because this goes to everything in the economy and this is less about autos specifically at auto companies and the soaring cost of living we are seeing in this country. i got gas for my car and had to do a double take because i couldn't believe how high the gas prices were. nothings spoiled the party faster than oil prices and this goes to the consumer at some
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point. wages have to raise prices to pay higher wages. those prices filter to the consumer. we are in a price spiral we didn't want to get into. we are a long way from the 70s but don't like the trend we are going because we thought we had inflation on a run and clearly don't based on the data we see today. neil: it is a lot to say this soaks into the american economy after these are averaged out in 5 years, pay packages and the like, combining all these developments including accelerating unionization with the likes of apple and amazon but the fact is it is pushing up wages. that's good for people who get higher wages. how much of that is passed along. now you've got the issue of
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inflation sticking and re-sticking, getting to be a bigger problem. >> the cheap money party is over. that was the party post financial crisis, 0% interest rates globally for an extended time. this is more normal to have interest rates but normal is when you are not used to it, trillions of dollars of excess stimulus and spending, it becomes inflationary. the same people arguing their cost of living, can look to washington and say those policies are making it more expensive for us to live. taxes in our states, the auto industries is a symptom of a bigger problem. talking millions of people living paycheck to paycheck. neil: thank you very much, when larry was talking the dow came
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down, this intriguing development regarding kevin mccarthy, procedural vote on the funding measure to delay or prevent a government shutdown. needs more time to get together. we heard 11 republicans against the short-term measure to keep government lights on. at least another five or six republicans are leaning to know so that would make it probability, the prospect of falling apart, the procedural vote on this, the selling momentum, we kept an eye on that. you got this. let's go. gobble gobble. i've seen bigger legs on a turkey!
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adam: we were down, in the us capital, kevin mccarthy putting on a procedure role vote, to prevent the government from closing in another couple weeks, this is more measure, october 31st presumably before then to get into the looks and
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crannies, he's delaying of that, has the support, 11 republicans, no votes and other five possibly six, the messenger national politics reporter, unraveling in front of the speaker. >> the role of speaker is not to put something on the floor you know is going to fail, and the writing was on the wall, speaker mccarthy with so many members on his right against short-term cr and the expert on markets the market is down because of this news, not something markets are going to enjoy the possibility of the government shutdown and the reality is that the implications would be fast, they would hurt the house gop and impact president biden.
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the blast radius is significant, would not be just congress but a number of aspects to this but the writing was on the wall. if he were to move ahead with this, if it were to pass with democratic support. people on a right would try to take his gavel away which is something he doesn't want to have happen. it increases the likelihood or chance. neil: we've heard much the same though far more luck went, he has the overall votes. he might lose in his ranks and all it takes is one presumably, he could have a fiery protest going on. could he be in trouble?
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>> imagine getting the job you always desired, and one false move could cause you to lose that job. that's where mccarthy is now. neil: he made those concessions, to the ones who want to use it now. >> i wasn't saying it was a perfect job. it was a job he always wanted. he is in this position, he knows he's in this position, putting something forward that would have to get democratic support to pass would be his undoing as speaker of the house. neil: we will keep an eye on it. we have breaking news, good news for the economy depending on how you feel about things, the robust hiring events to keep up with what major retailers think will be busy holiday sales, amazon, very stellar performer this year,
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>> the most important reason we are moving to having a small monthly payment for use of that
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system, it's the only way i can think of to help out because it costs a fraction of a penny but if someone has to pay a few dollars, some minor amount, the effective cost of bots is very high and you have to get new payment every time. neil: i did not understand the a word he said but i talked to my young and hip staff, the difference it would make, if anyone had to pay to be on twitter. charlie gasparino knows more than all of that on what the impact would be. not a thing thing but how would everyone paying when everyone paying mike took off of those who weren't?
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charles: i've done a little reporting on this to people in the market. he's been commercial -- discussing with them how to get twitter profitable. he paid $40 billion more than it is worth, worth more than that. a source of mine, directly, a ceo, he would like to make twitter into a payment system attached to it in some way where it would be cheaper to use like a pay house sort of thing. and thinks it would be a lot better. what we do is undercut the credit card, if you go on
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twitter and have an account and use twitter's payment system that you purchase something from amazon, you use twitter, that becomes your credit card. he was looking at market caps of these are saying it's almost as big as jpmorgan. if you have bots on twitter you cannot monetize. how do you under cat, you use the data. if you have real human users, if you have bots you can't solve that. this comes back to his vision of twitter. neil: with that take out a lot of bots? charles: you can't monetize bots. neil: how much of that is real? that was the battle when he was
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buying. charles: if you told me half, this is the problem. if you, he's looking at facebook, it is still more profitable, looking at other forms of social media, how do those forms of social media make money? they make money biden monetizing user data. that's why he's doing this. can't monetize a bot. that's turning this thing into a payment system but if you turn it into a cheap payment system, visa charges 2%. neil: also contribute to the idea they are saying nasty things, all i hear from. i don't like them, they don't like me. charles: attacked by non-bots that another thing.
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neil: taken out of the picture you don't have that. charles: monetize what you have. this needs to be made -- not that he makes money off of the modernization of that. he thinks he's going to make money because he used the data and then be real. the real data. neil: that a great start. charles: if he undercuts visa. visa is expensive. visa has a market with jpmorgan, they make so much money doing what? so he would undercut them with a twitter payment system and make the money on the non-boughts like neil cavuto. i wonder how you monetize your user data. neil: this whole internet thing is going to be huge. charlie gasparino, best in the
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business, we've got mga entertainment talking about amazon, big hiring plans for a busy holiday season bots or no bots. people don't realize, that an 500 or so. under $10, big sellers and i imagine this holiday season they will be big sellers. >> thank you, 97 days left, and there's a big inclination, $7 a gallon so whether it was a year and 1/2 ago came up with $50,010 and this is one of them for example, one of the hottest selling toys, $10.
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so this is -- neil: how much is that? $10? you are like a dollar store for toys. >> $10, she looks great. we have new toys, hard selling. in other words you are saying these could be called impulse purchases, they get excited for christmas, holidays, those are perfect gifts and you are at the right price point. >> we are seeing it already. or many things are so hot that we are actually -- it is crazy
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this time of year, trading merchandise. neil: you have got a lot of names there. do you come up with that? do they stand out? >> sometimes i do, sometimes it takes a team effort. neil: best of luck to you, might be something, you are getting ready for santa. 97 days. a lot more going on after this, dow down 278 points. potential retail environment with a lousy political environment, government shutdown and some people, apparently its back on. ♪ ♪
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let's partner for all of it. i'm so glad we did this. edward jones adam: neil: the president of the united states addressing the united nations general assembly. a number of big players who were not there, jackie heinrich with more from new york. >> reporter: in many ways the president's speech did what the g 20 did not do though it was a different form. assigning get blame to russia for its invasion of ukraine, pushing for continued support of ukraine and framing it as an investment for all countries and future democracy. >> president biden: russia.
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the world will grow worry and allowed to rude allies without consequence but i ask you this. to abandon the core principles of the united states to appease an aggressor, any member state in this body should have confidence that they are protected. >> reporter: biden's message was as much directed at us allies and partners as us lawmakers, you have republicans on capitol hill hedging on continued ukraine support, kevin mccarthy criticizing ukrainian president zelenskyy's calls for continued health. >> is zelenskyy elected to congress? i have questions for him. where' s the accountability and money we already spent, what's the plan? >> reporter: biden made only one brief mention of china, the same talking points we hear about how the us wants
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responsible competition, not conflict and there is one notable omission. listen. >> i did not hear a specific mention of taiwan and the president's speech. >> what you heard from the president was a pretty full some explanation of how we are looking at the broad challenges around the world and particularly the indo pacific, taiwan is an issue that is tense and we see to eye with the prc. if we look at the speech itself it really was how to deter conflict, how to improve international cooperation towards peace and stability. >> reporter: a number of heavy hitters did not send leaders to the general celie but four of the five members of the security council, uk, france, russia, china, not sending fars of state, indian prime minister modi did not sure but white house officials say that doesn't undercut us objectives here.
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neil: we are looking so many times, and donald trump's advisor glad to join us. interesting comment, getting kevin mccarthy, elected into congress, want to track that money and essentially it is us. there's a shift going on here. >> one of the reasons there's concern is america is the arsenal for democracy for $150 billion in equipment, and it will help them defend themselves. the europeans are in it, 30 billion. we should give them for platforms to defend themselves reconstruction paid dollar for dollar what taxpayers are paying -- neil: when you hear donald
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trump running for president, he talked about settling this issue within 24 hours, what does he mean by that? >> what he means is there's no invasion of ukraine, vladimir putin would never -- what peace through strength, when the president comes to the table and says we are not going to do this anymore, and two leaders to the table. neil: not going to do what? >> this morning. we are going to -- and with high prices. neil: if we told zelenskyy this wouldn't vladimir putin say something? >> the issue is with putin. the russian federation central bank has never been sanctions,
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oil and gas at a slight discount. neil: donald trump would do that and that combined with telling zelenskyy the gravy train is over, you think that wraps it up? >> a lot of leverage on both sides. the ukrainians are protected and have security, and the russians with that location. neil: if you are vladimir putin, better jump in ukraine beyond crimea. >> not saying how it lands but if you are vladimir putin, to be impacted by inability to sell oil anymore. neil: it finds a way to reach people, can you stop them? >> to stop the price, getting paid out 10% discount, 30% to 40%. neil: you think donald trump will do that. >> we sanctioned vladimir putin. neil: he is still doing his
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thing. >> that was the trump administration. the russian federation central bank -- neil: donald trump would take them out. that cuts down their ability -- >> they understand that. it gets resolved. neil: you seem to be that he's going to be the republican nominee and post bear you out but can he when the general election? >> interest rates, my kids age can't afford to purchase a house. in california where i spent a lot of time, and looking at the record of bidenomics versus high stock market and low inflation and make a decision, a republican if donald trump -- neil: dealing with all the other stuff that comes with it.
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with donald trump and all the controversy, some -- to you by that? >> i don't, you can look at the abraham accords and nato paying their fair share, peace in the middle east and russia not invading ukraine, china not threatening taiwan. all the things that happened under trump, we are saying the opposite. neil: people say calm down. >> peace through strength works. america is going to win these conflicts but whoever wins first wins. i wish the by administration would adopt those policies. neil: looking at a future national security adviser, defense secretary. >> that up to the president. my dad was a marine, absolute and say yes sir. neil: good seeing you, thanks for stopping by. robert o'brien, former national security adviser and who knows when he gets back in office?
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let's get the latest read on what they are preparing for 12 minutes away. jackie deangelis to do the honors. jackie: the president addressing the united nations today, more energy killing policy unveiled in this country. we will tell you about that and the latest on the uaw strike in the push for evs is threatening jobs in america and pete hegseth stopping by but more coast to coast after this.
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adam: neil: over the weekends, migrants in tijuana and san diego, pretty good number of those south in the border, no one seemed to talk about where they went here. the mayor of california kind enough to join us now. i was looking at the san diego area and we don't associate that with the migrant invasion but we've seen a surge.
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>> historically it has not been san diego but more texas and arizona, what i'm hearing from friends at the border patrol is the cartels have directed people more towards the san diego border. it seems to be the case, we are bracing for it. neil: you know what is going on but normally when a train comes in much like those who walk through the border along the texas/mexico and arizona, the process, the hopeful process, people coming in the train. >> we are finding out people are coming across the border, we had 3500 in the last few days come across and are sent through different areas of san diego, more drop-off areas. my city is one of those areas and we see an increase in the
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number of people being dropped off and what's different this time his jewish family services and catholic charities are not able to process people like they have the last few months so we hearing a lot of stories about people getting here, don't have cell phone charge, food, water or to know where they are and are lost and confused and wandering the streets and that's a dangerous situation. the problem could only get worse. neil: i am curious what happens if they are not processed. we can barely keep track of processing them, they've been coming in along the texas arizona borders. what do we do? it seems back to getting out of control again. >> it is absolutely out of control. the federal government should be processing these people and giving us in fema and other
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sources but in texas and arizona they are not going to do that, the main thing is the federal government has responsibly to protect the sovereignty of america and it's a willful act, not by mistake, because of human crisis, the federal government opened borders, got the demand that congress people and other people in the federal government demand we stop this. it has to stop. neil: taking risk, have some trouble getting through, and might try this. it is a modern-day wacko mole thing. >> we are so spread thin,
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california, the nations homelessness, that caused emergency rooms to be overrun, social service, we have people on the streets because of laws in california that encouraged people to be homeless, and california on the verge of collapse. neil: you are seeing it firsthand. bill wells on those developments. before i take a quick break, in stockard, largely food delivery service firm that has come out the gate, priced at $30 a share. that was already raised from the $28 a share, bottom line, 16, $17 billion company. more after this.
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to check in on your heart? how do you know? let me show you something. it looks like a credit card, but it is the kardiamobile card. that is a medical-grade ekg. want to see how it works? yeah. put both thumbs on there. that is your heart coming from the kardiamobile card. wow! with kardiamobile card you can take a medical-grade ekg in just 30 seconds from anywhere. kardiamobile card is proven to detect atrial fibrillation, one of the leading causes of stroke. and it's the only personal ekg that's fda-cleared to detect normal heart rhythm, bradycardia and tachycardia. how much do you think that costs? probably $500. $99! oh, really? you could carry that in your wallet! of course you can carry it your wallet, right? yes, yes. get kardiamobile card for just $79 during afib awareness month. don't wait. this offer won't last. get yours today at kardia.com or amazon.
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neil: all right, another big ipo out the gate doing a lot better than the $30 a share at which it was priced at the high end of estimates. right now coming down a bit from a high of about 42, but the bidding is on for these things, of course, after arm holdings last week. the appetite for new offerings is on as well. jackie deangelis now. jackie: hello, everyone, i'm jackie deangelis are. liz: i'm liz e ya huh -- and i'm brian brenberg. welcome to "the big money show." jackie: president bide

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