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tv   Cavuto Coast to Coast  FOX Business  October 4, 2023 12:00pm-1:01pm EDT

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ashley: we asked what percentage of people are right-handed, anywhere from 60% to 90%. %. what is your answer? lauren: i think it is 90%. ashley: i went with 80%. aren't you clever. are you right-handed? that is interesting. you are right. 90%. the remaining 10% are year there left-handed or some degree of and but just curse dotage ambidextrous. let's handover the show. we've been mixed since "the opening bell". all in the positive. i will take credit for it, the dow up 400%, the nasdaq up one%. the s&p up 100%. our time is done but coast-to-coast starts right now. >> chaos is speaker mccarthy.
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chaos is somebody we cannot trust with their word. >> the institution will fail, please don't make a dispute. >> look at that, give me money, i filed a motion to vacate. using official actions to raise money. it is disgusting. >> the lobbyists and special interests who own our leadership. >> the united states house of representatives is hereby declared vacant. larry: subject to the call of the chair. >> you all know matt gaetz. you know it was personal. had nothing to do with spending. they don't get to say they are conservative because they are angry and chaotic. the party of reagan, if you believed in your principles, that you could govern in a conservative way. they are not conservatives and they don't have the right to have the title.
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neil: all these guys are in the same party. who wants to be speaker now? the list of possible contenders is growing but because so much is unknown, that the house would consider we were told a week or so ago investors, worries about higher rates are not helping but neither is dysfunction in washington. a congressman who welcomes this jolt to the system and voted to get it started. fair and balanced, another is convinced the grand old party put itself in a grand old mess, get ready you, this is just getting started. don't you feel like banging the table. so many people are doing that, i kept doing it. welcome, everybody. let's get to hillary vaughan as they search for a new king or queen of that hill, the house
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side of it. how are things going? >> reporter: we will find out next week, they are expected to vote for an official speaker wednesday of next week but 8 rebel republicans got them to this point. they had to join with democrats to rip the speaker's gavel out of kevin mccarthy's hands. the reason for that, they think mccarthy did too many deals with democrats from the debt ceiling deal with president biden to getting democrats dodger government shutdown bypassing the short term government funding package. ironically, those 8 republicans had to side with democrats to take mccarthy out. >> we usually take off august but they decided to take two more weeks and that's a failure of leadership, they -- he is the speaker, the buck stops somewhere, and averting attention somewhere else is wrong. >> why are you smarter than jim
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jordan and the 210 plus republicans. why are you smarter? >> i represent my district. why are you smarter than me? you are condemning me because i stand up on my own. >> i'm not condemning you. >> reporter: even though these 8 republicans, the other 200 house republicans, many of them are not hanging their head in shame. some our fundraising off of it. >> i cleared my email of all the matt gaetz, andy biggest, all the fundraising e-mails i was clearing out of my e-mails today which was absurd. this, they are fundraising off of bringing down this majority, the democrats are gleeful. they destroyed our country and are continuing to destroy our country.
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>> who will replace mccarthy? one name that is circulating, steve scully's calling republicans overnight seeking support, he's meeting with a group of texas republican members today, a powerful voting block and congress and tony gonzalez announcing last night scalise has his vote. house judiciary chair jim jordan officially in the mix. the biggest wildcard in all of this, donald trump, says he will be nominating him. same with marjorie taylor greene. trump was asked today if he would take the job. >> during the process i will do whatever it is to help but my focus is being president. >> reporter: in the meantime the house is on pause which means the 12 spending bills they need to pass to get them to the senate to pass things through proper water a big priority for these 8 house republicans that ousted mccarthy will have to wait to get behind one guy to lead their party.
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adam: one of those who said mccarthy, that is it, good to have you. one of your critics, by extension, you and seven others, you are fundraising off of this. >> i am fundraising because the establishment is coming after me for taking a principled stand. we need to have a budget, 12 separate spending bills, we promised the american people we would do that. we did not do it. people are coming after me for taking a stand. if your viewers want to help out, go to nancy mace.org. i'm not going to be shamed for doing this. kevin broke a lot of conferences. he would tell conservatives one thing, moderate another and democrat some thing else, that's not the way to lead our country today. i want us to be responsible and reasonable for the budget and the way we spent, the american people deserve someone they can trust. i believe this is an
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opportunity to unite around the next speaker and get back to work. something about what the reporter just stated, there is no reason to hit pause on appropriations, we can have investigations ongoing today. the house decided not to. that won't happen until after we have a speaker next week. i don't went any misinformation that we have to hit pause on the work we are doing including on the spending bills. neil: i understand what you 're saying on the fundraising part but you criticized matt gaetz for doing the same thing in january when he was leaving efforts to topple kevin mccarthy. what is the difference? >> i didn't hit send until after i was threatened over and over in the days leading up to this vote over fundraising drying up for me because i was taking a principled stand of being responsible and i will continue doing it.
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members of congress and leadership. neil: what were they saying? >> fundraising would dry up and i would be on my own. i'm still receiving those threats today. you can go to mantimace.org. neil: let me get your take on this. it seemed like things turned south very quickly. maybe i'm not aware of something i should be. what happened? you pushed a lot of women's issues and the like. there are a lot of issues important to a lot of your colleagues. they didn't go this far. why did you? >> a lot of promises were made and not kept. it wasn't about the budget or the separate spending bills. we were promised we would have a balanced budget amendment before this went down. it never happened. we have a former speaker who
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failed. he made a lot of promises to different groups, they were all different promises. you can't lead. we are not going to agree on everything. it is healthy to have a debate. we should put spending people back in the hands of the people. i want a speaker who will tell the truth no matter what, who is willing to work with everybody. that is the way this place should work. neil: there is a move afoot, maybe this gets back to your threat comment, you could get kicked off of the house governance group. of they told you that? >> that's the rumor. there are other groups looking to kick me off. i always said i am willing to work with anyone willing to work with me. i'm from south carolina. when i look you in the eye and make you a promise and shake your hand i will keep that promise. the american people deserve a speaker who will stand by his word and there's nothing
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irresponsible having this debate, getting a speaker who will tell the truth. shouldn't be coming after people with a difference of opinion. because of that the establishment they are all coming after me for taking a principled stand for trying to do the right thing no matter what. i need all the help i can get. nancymace.org. neil: candidates we have heard rumored, steve scalise, do any of them impress you? >> open to anyone who wants to be speaker, i will speak with all the candidates, scalise and jordan, looks like they will be off to the races. i'm open-minded. the bar is pretty low. i want someone who will keep commitments to the country and tell the truth and that person will get my support and my vote. neil: whoever gets it will have the same fragile majority the prior speaker had.
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we could be back in this pickle all over again. do you think the notion of a single congressman with the power to force vacating the seat for the speaker is something that should be in the mix? >> that president has almost always been in the mix. it was nancy pelosi who changed that precedent. that option has been on the table for many years in congress and i do believe we will unite behind a new speaker next week, a new day to come together and show the american people -- neil: i don't know how it was applied before. it does make this type of thing more likely. could be almost routine. does that worry you? does it worry you your vote chimes exactly with every house democrat? you are in sync with them more than the majority in your party? >> i said i would not toe the party line.
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neil: isn't that the rep against you? >> i will support my party when i agree with them and call them out when i don't. i promise to be an independent voice. that's what i'm doing today. the 20 you are in concert with democrats, not fellow republicans. >> i'm in concert with those who elected me in office. i don't know any democrat or anyone in dc. i/o the american people the truth and that is what my vote was about yesterday. lauren: 20 there has been a push for donald trump, to go outside the petri dish of congress. his name has been mentioned. >> we will see what happens. there are different rules about who can or can't be speaker. i want to fact check that but i will meet with anyone who will run for the speakership. don't know if you will run but i know that steve scalise and jim jordan through their names in the hat and those are the people i'm speaking to this week.
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lauren: 1 about you? >> i don't think, as a sophomore, i'm not going to be in opposition but i'm open with meeting folks throwing their name in the hat. to get behind a speaker who will do what they say they will do and tell us the truth even if we disagree with with that truth, they will be honest brokers to the american people. neil: very good seeing you again. someone with a different view on it and against this attempt to unseat and ultimately success at doing so, bill johnson, ohio congressman, subcommittee chair. what did you think of what you heard out of nancy mace? >> it's very disappointing this group of, i will call them vandals, worked with the democrats to oust the republican speaker.
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it is amazing they talk about being principled and yet they work with the minority party to throw the majority speaker out of office. they talk about keeping promises and they elected kevin mccarthy and he has delivered. i have a different perspective. he has delivered on everything he promised to do. one thing he did not promise to do that they all talk about. he did not promise to guarantee outcomes. he promised to do his best. in divided government it is always the art of the possible. this should not have happened yesterday. we will rise above. lauren: 1 this have been necessary if republicans had done better in the midterm elections and the closeness of the breakdown of republicans and democrats preview this.
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>> razor thin majority, numbers haven't. we don't control the senate, makes it difficult for the speaker to get the agenda across the finish line. when you look at what he delivered on, the energy bill, hr one, the massive, most conservative border security bill, putting parents in charge of their children's education. the same group, many of the same group voted against a very conservative stopgap spending plan that would cut discretionary spending by 30%, that would have put a debt commission in place, would have kept the federal government open. and instead, put the speaker in a position to have no choice
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but to advance another continuing resolution that came from the house. the senate version. neil: what do you make of the speaker pro tem's moves to take away the offices of nancy pelosi who is in california for senator feinstein's funeral. does it look petty to you? what did you make of it? >> i can't speak to that. we are in uncharted territory, this has never happened before. i don't think we've ever had a period of time in united states history where we had a speaker pro tem that has to operate workings of the house until we elect a new speaker. i don't know what's normal or not because this is very unusual. neil: of the names you heard,
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congressman scalise and congressman jordan, and even interesting? >> this is barely 24 hours old. we are going to meet next week. we are going to hear from all the candidates that want to be speaker and think they are ready to be speaker. we will make a determination at that point. i haven't talked to anyone, no one has talked to me. lauren: 20 very good, see you. just noticing the picture of jim jordan, he's wearing a jacket. if he was speaker, is that retired? we will find out. a lot of news, another strike involving 75,000 healthcare workers. could be only a few days or could go a lot longer. we are on top of that after this. ♪
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neil: this came out of the blue. we were not expecting a lower severe one but for the first time in american history, healthcare workers are out on strike. jonathan hunt is in los angeles. >> reporter: we are outside one of the biggest hospitals in the country. hundreds of healthcare workers are joining thousands of their colleagues, 75,000 across the country walked off the job this morning, they are demanding better working conditions. they want a minimum wage of $25. they say kaiser allowed staffing levels of hospitals like this want to drop to dangerously low levels post pandemic and the message to kaiser, you need to stop talking to us. listen here.
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>> we are here doing the work. let's resolve this so we can get back to business. >> reporter: kaiser says it is doing just that. trying to get back to business and bargaining in good faith. they gave us a statement which said in part, quote, there has been a lot of progress with agreements reached on several specific proposals late tuesday. we remain committed to reaching an agreement. has the effect of the strike on patients, kaiser says they have contingency plans from doctors and nurses not striking but these are support staff, there will be an effect on patients but for the moment those patients seem to remain supportive of the unions. listen again. >> everyone needs to be paid more, we need to support our
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unions more now than ever. we need to pay the people who care for us a reasonable rate. >> i fully support it, i think nurses are undervalued. >> reporter: we will see if the patient support lasts. the strike currently scheduled to run three days. we will see if they constructed the a before then. both sides say they are willing to talk but if not the strike will go three days and more could follow. neil: jonathan hunt in the middle of that, keep you abreast of all of it. you always want people to get paid their fair share. the fear is that it leads to more inflation and that is just the rub and the concern, less so for the moment, but it has been a break degrees in the dow is underwater.
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what do you make of this and the higher rates? >> that prompted the reaction yesterday, the strong jolt number which suggested job market will continue to be this outward pressure on prices. kaiser permanente screaming for more money, the cost of everything has gone sky high, they are not wrong but it creates that 1970s 80s wage price spiral inflation which will be difficult for the fed to get out of and i think the fed recognizes that and the road ahead will be bumpy. adam: the jewels report you alluded to, 9.6 million job openings does indicate a strong economy, normally that is good news but worrisome that between market rates going up and the federal reserve meeting but they are under enormous
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pressure to get ahead of that and keep hiking. what do you think? >> norma's pressure to get ahead. they are falling behind, not nearly as aggressive as they should have been. i think they missed the boat at the beginning when they should have hit the markets with a full percentage point increase in january 2022 to get ahead of it. now what happens? they are behind and they paused in september. next week we have a higher cpi and ppi which will put them further behind which will cause two more rate hikes, going to 6%. michelle bowman used the word multiple hype. that's more than one, might be more than two, could mean a number of things. what the bond market is telling you is it expect inflation to stick around longer than the market expect and to be stickier than the market expects, the idea of rate cutting 24 is off the table unless they bring it so quickly
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that the economy falls off the edge and i don't think that is what it is going to do. neil: is dicey to get that going. the rating he was referring to could go up another half a point, the fed funds, around the 5.5% area bringing it to 6% and on and on we go, fixed rate mortgages are north of 7%. in a matter of weeks if we continue this pace it will be overs 8%. stay with us and the latest on the fight on capitol hill to find a new speaker, the guy who was more than happy to toss the left -- the last one, tim burchard is next. ♪
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>> tim burchard is a friend of mine. i'm shocked by this. in his quote he said he's leaning towards cnn, going to pray about it. i read your quote, going to pray about it, i want to talk to you about that. he construes that i am a christian, i simply read his quote back. i thought there was still an opening and wanted to talk to him about it. neil: to get the congressman's view is house foreign affairs, to weigh in on this, you were among those who voted against the speaker. he was surprised. how did that conversation go? >> i have been vocally opposed to our fiscal situation. thank you for having me on. i'm a long time fan of your common sense approach to economics. i made it clear we taken
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$5 trillion a year and spent 7 trillion a year. the solution in washington is another continuation budget, like tell tailing a crack head i will that you more crack to get you off the crack. we won't pass another one so we won't have to pass another one. we've been doing that for five years. every time another continuation budget. this 45 day one packed up against the thanksgiving holiday. 45 day and here we are, we never had a meeting on it. monday or tuesday we rushed to the house floor to name a post office. no urgency, that proved my case. as far as the comment about prayer, it was a condescending comment. i said what about term limits? he blamed that on the committee. why were rehear 6 weeks, at home for 6 weeks? in august, september 30th comes around at this time every year
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yet there we were throughout august and took two weeks in the september. neil: i heard that from your colleagues who voted no, if the party was going to be serious about staving off a shut down you would have been there. that added two weeks as well. that was the deal killer. now i got to ask about the fallout. congresswoman nancy mace, being ostracized, a key committee she was on or governance crew, what about you? >> a lot of key folks in my district, big contributors of mine, close with speaker mccarthy and received calls from some of them on the floor. i've been in this game a long
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time and when i voted knowing that would happen, i would get primary opposition intimate get taken out. we are going to lose our country, you don't know anything about my history but my mom lost a brother fighting a nazi, she flew in airplane in the second world war. they made incredible sacrifices so their baby boy could be a united states congressman, earn $176,000 a year. it is very disgusting to me that we tell the american public we are making sacrifices being appear, wring their hands, not seeing their families in 4 or 5 days, your daddy didn't see his family for four years, my uncle roy never got to see his family again. we've got to take control of this country. there is no other way. i take a little displeasure when people say chaos.
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we followed the rules exactly as laid out in the constitution. that's why -- adam: one rule going forward for some of your colleagues is this idea that a single congressman can get the process going to remove the speaker. i would wonder if any of those considering the speaker job, we hear about congressman scully's, congressman jordan, that provision is going to go. what do you think of it? >> it is possible. it was on the books, speaker pelosi took it out. it served this country well. i had a lawyer tell me good fences make good neighbors and we need firm rules and laws in this country and those are reasons. neil: almost all those cases you had enough from either party to prevent what is republicans are in now.
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i don't know if you want to announce that are you are interested but are we going to be revisiting this again? >> i think we will. we will make a decision. none of those rules are put in place to look at this tough rule in place, we never use it, this was a chance to use it and it was used well. neil: you have been very true to what you believe in. you have been consistent. you find yourself having voted with seven other republicans who voted in lockstep with every democrat in the house. >> i submit to you, democrats voted with us because we saw there are -- i've been all over the -- neil: they saw this as an opportunity for more mischief
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and more problems and said we will play along. >> why would they? they have got everything they wanted all along. we haven't done one thing, nothing has gone to the senate. we can get pumped up and say these great things we have done. negotiating the debt situation with the budget, introduce 1% of new growth, that was hitting from hard. i asked for 85 knowing i would take 70. the art of negotiation, you don't start at your base, you start at your base plus and come back to your base. just to say i am not going to meet with them is ridiculous. that a short poor choice of leadership and our new speaker will do that and tuesday, we will know, i suspect we will have one vote on the floor and it will be a new speaker. neil: when we have a chance to
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revisit another government shutdown, will you be insistent on no ukraine funding in the final piece of legislation? >> absolutely. we sent them $114 billion. americans -- neil: if it has that feature in it, that's a no vote for you? >> that's a no vote for me. we mustered up to get poor people in maui $700 a family and they lost everything, people from afghanistan millions and millions of dollars, people coming over the southern border, veterans living under bridges and cranking out money to the second most corrupt nation in europe. they need to step up to the plate. american boys and girls don't need to be there and we don't need american dollars. .
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20 very good having you on. >> not going to make a pitch for fundraising like nancy mace does. neil: we were ready to put something on the bottom of the screen. hopefully that will sort out. spending continues, the president is planning to submit to that with another repayment plan he hopes to get going, soon, after this. trelegy for copd. ♪birds flyin' high, you know how i feel.♪ ♪breeze driftin' on by...♪ ♪...you know how i feel.♪
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>> welcome back to coast-to-coast, we are seeing releases of a new messaging campaign, the latest one talking student debt forgiveness, meant to reach those younger voters, the
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president is not connecting with according to paul, the latest release showing $9 billion more of student loan has been forgiven and total forgiveness at one hundred $27 billion. that number sounds big but it is only 1.6% of the total outstanding student don't let. a lawyer says plans the president has, can't appropriate this money with just a stroke of the pen. >> the u.s. treasury, the it belongs to the us government. what congress does to solve this problem. >> the average payment between 200 and $300 a month according to the federal reserve, some people could not plan for that
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extent coming back with inflated prices under president biden. >> the consumer getting more leverage, debt increased, student loans, isn't looking great politically. selling product for the holiday season. >> the president trying to turn around his poll numbers when it comes to the economy. neil: white house correspondent, washington report, the president, what's going on in capitol hill, whether there is this spending period, doesn't care, what do you think? >> i think he sees the need to address the high cost of college. the average cost is $36,000. if you are a middle-class family making 60,000 a year
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trying to send a couple kids to college it is unaffordable. biden ran on addressing this issue. the supreme court blocked him. he is finding ways to help people around the edges. neil: what you do for them you don't do for others which what about people who elect not to take out loans and wait on other things, not to pursue college period. they are not getting any special attention. >> they just don't care, to develop our economy and they are very concerned how states are not funding state colleges and universities. there have been huge cutbacks in the next decade or two. life is sometimes unfair, they
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take advantage of government programs but not obligated to go to college but they want to make it easier and more affordable so people can get higher jobs. neil: it incentivizes colleges. let me ask about the drama on capitol hill. to the president's advantage, every democrat voting in lockstep to push mccarthy out. what do you think? >> the white house is popping popcorn using the white house movie theater, putting on fox or cnn to catch how republicans seem to have this interparty war, where whoever is the speaker, they don't want that motion to vacate hanging over their head.
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neil: i can't picture that surviving this next vote. >> unsustainable. the last few speakers who are republicans alber marched out of office, lost their reputations, gained it back temporarily but the hardest job in washington since you have a conference that's much more populist than republican party of the 1980s or 90s. neil: we will watch closely. to jackie deangelis and what they have coming up. of the 16 good afternoon. the mccarthy mess, virginia congressman bob good who voted to asked the speaker will be here to explain. buying something is easy but selling something is hard. there is an apps for that. bastian lehman on how his new company will append an industry but forced, more coast-to-coast next. ♪ welcome to new york
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.. when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the secret to losing weight and keeping it off is managing insulin and glucose. golo takes a systematic approach to eating that focuses on optimizing insulin levels. we tackle the cause of weight gain, not just the symptom. when you have good metabolic health, weight loss is easy. i always thought it would be so difficult to lose weight, but with golo, it wasn't.
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the weight just fell off. i have people come up to me all the time and ask me, "does it really work?" and all i have to say is, "here i am. it works." my advice for everyone is to go with golo. it will release your fat and it will release you. neil: wall street knows what to make of this whole government
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thing. charlie gasparino, best business journalist in the world can help me. charles: last night, there was a mother load of wall street research that got thrown out, jpmorgan and top clients, what to expect on near-term market volatility. here's the general assessment. goldman said this and others said it as well, figuring in the base case, most likely case of a government shutdown. there will be market volatility. the reason, republican caucus is more insane, what happened last night was ten guys and a couple women too, banding together with democrats to take out the speaker of the house, almost unprecedented. if you have something as crazy
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as that happening. neil: is their fear it happens again? whoever gets the job is going to have to deal with the same thing. charles: because of how insane the republican party is right now you don't have a check against the excesses of biden, say what you want about speaker mccarthy, he was that check. government shutdowns are never good. republicans don't control the senate. you are pushing on a string, you have to -- neil: is an advantage. charles: wall street as well, wall street executives don't want biden to be reelected but they see donald trump, they see the people he has pushed, the
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guys behind this thing and they see magnetism is destroying the republican party. neil: if you went back the house? charles: the house, the senate. jack: suggest they could win it back. do you? no? charles: i don't know. i can say this. since 2016, what have they lost? the house, the senate, the white house twice -- the white house once. it is not a good record. neil: no one likes to hear what you are saying. charles: wise the music cutting me off? i love this. this is actually funny.
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if your child has diabetes, you'll want the most accurate cgm, dexcom g7. it's on. and, he's off. you can see his glucose numbers right on your phone, so you can always be there for him with dexcom g7. ♪ ♪ this is american infrastructure. megawatts of power, rails and open road, and essential services of every kind. all running on countless invisible networks, making it a prime target for cyberattacks. but the same ai-powered security that protects all of google also defends the systems running america's infrastructure. for these services. for the 336 million of us living here. ♪
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that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy.
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>> donald trump just coming out of the civil trial, the valuation of assets and all of that. don't know if he will continue doing that but he thinks it is a sham that shouldn't be happening at all. choice words for the attorney general, fewer for the judge. jackie deangelis with that. jackie: great to see you as always. jackie: i'm jackie deangelis.

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