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tv   Cavuto Coast to Coast  FOX Business  October 24, 2023 12:00pm-1:00pm EDT

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stuart: how many brains do octopuses have. europe first. neil: i will go with number 3. number 2, three brains. stuart: murph? >> i will say one brain. stuart: you were going to say 8 tentacles. i will say 3. that would be number 2, three brains. 9. are you kidding me? 9. a central brain controls the nervous system, each of the 8 arms also has a brain. they have three heart and blue blood. thanks for beyond the show. coast-to-coast starts now.
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adam: israeli situation in the same situation before i left last week. looking at a close move to a ground war. don't know what will happen. we are seeing the same market distance from what's going on half a mile away as we've seen in the past. there are other factors that guide these markets. is real for the time being among them. i want you to peek at two developments, not only the green corner of your screen showing the dow up 232 points buoyed by strong earnings news out of big names like gm and spotify. i want you to pay attention to bitcoin. it's up 15% in just the last 24 hours, close to $34,000 a coin
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starting north of $35,000 a coin a coin. it's 18% on the line. we don't know what we are following, good to have you with us. i want to thank david asman and ashley webster, we mentioned bitcoin. kenny follows all these investment strategies and whether one is doing better than the other. stocks having a good day. what do you make of bitcoin? kenny:talking about what's coming out. it's not going away. i'm excited about it, a little tiny bit of it, not enough. i am in. you have to play this long-term, can't go all in. you have to feather your way in and take advantage of what
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happens. lauren: 1 he briefly got 5%, now down to the mid 80s. i think once the appetite is reframed a little bit, to go higher. >> they talked about closing up, rates are a little higher, bonds have more to go, it is 5%, a tipping point, makes sense to put more money into bond. neil: that make sense. kenny:this is normal. 5.5, 6% is really the normal range. where they should be. it will take higher just because inflation is a problem, the market itself is higher.
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than i think it settles in. then we stay here. adam: markets know what's going on in the middle east, they don't think it will expand beyond the players. they could be wrong. >> they, the countries concerned that it will get bigger. and what i fear, which we don't want to. neil: we've been a haven for that money. i we just sort of the most reliable dwarf in the room? kenny:over the long-term we will remain a haven. i hope they can control this,
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there's a solution to it, nobody wants to see it. neil: we haven't seen the rush, that yields would tumble, what do you make of that? kenny:we saw the russian oil very briefly. we started to see that back off because overnight last night we haven't seen it explode any further. the market is trying to digest it and we can control it. we could see that flip. one thing goes wrong and oil pushes higher once again and the market will selloff, that's at the level but geopolitical issues don't typically price stock in the long-term and structure chaos and become the opportunity, good names that selloff, for no other reason
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than that. once it settles down stocks go back to the fundamentals and that's where the opportunity is. neil: you are a genius with this stuff. we always like to put this in context. sometimes you tell by following folks with the money where they think this will go and they think it will be contained and resolved and soon. but that is not the case. we are getting a sense how global this gets from the united nations security council, not all players or members on the same, how do you do? >> reporter: sector estate antony blinken put it directly on iran saying if member states at the un don't want the conflict in the middle east to expand, iran must be contained.
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take a look at the speech of the secretary of state, raising a question to the face of the other diplomats asking them where is the outrage. other member states talking about the palestinian right's views to excuse that as a reason for the terrorist attacks but he would have none of it, he recounted the savage atrocities of the hamas terrorists as they invaded israel and denounced those that support that. the palestinian observer, if we look at the proceedings, consider a us resolution that does not call for a cease-fire but does call for israel defending itself and establishing a humanitarian corridor. israel has violated international law and treating palestinians in gaza, as
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subhuman. israeli foreign minister cohen brought family members of hostages here, you see them face-to-face, held photographs of children who are missing and condemned those who support terrorist or hamas calling hamas the new nazi threat. >> this massacre will go down in history, hamas are the new nazis, just as those suitable ways to world united to defeat the nazis just as the civilized world united to defeat isis. >> more justice and killing will not make israel safer no amount of weapons, no alliance will add to its security. only peace will.
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peace with palestine and its people. [chanting] >> bring them home. >> reporter: inside the chamber of the security council, outside, protesters chanting bring them home, supporting families of the missing. we have a news conference later this afternoon. that demonstration will reconvene at 2 p.m. eastern. something we've never seen before, the israeli ambassador saying jennifer gutierrez, the secretary-general basically seemed to suggest a terrorist acts committed because of israeli occupation, in outrage saying the secretary-general should quit.
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neil: thank you for all of that. if anymore comes from that council meeting we will keep you posted. in the meantime we are getting reports that president biden is urging israelis to hold off on a ground assault until all hostages are released, that might be a heavy lift. good to have you. that's not going down well with a lot of israeli authorities. this idea of holding off on a ground offensive that allows hamas members to escape or do god knows what? >> reporter: it is inconceivable to me at many israelis that only 18 days after the worst massacre of jews since the holocaust, hundreds of thousands of israeli troops are sitting on the border, they are trained, ready and we can see that they are not sure what happens next.
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we can say that israeli operations have struck buildings in gaza and b level operatives but i don't think many military achievements, and the gaza strip, if there is not a ground invasion i think you will see them hamas continues to rule the gaza strip, israel's stated aid in this war will not be met and the threat will remain. there will be an outcry and uprising in israel, anger at the leadership if this ground invasion doesn't go forward and hamas is able to continue to threaten israelis and stay in control of the gaza strip. i understand the desire and need to get as many people home but at some point israel has to decide to do this ground invasion and take out hamas as they promised after the massacre of october 7th.
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neil: the goal is the destruction of hamas, you are the expert, i am not, but hamas will have huge influence in gaza regardless short of being destroyed which is the israeli hope, not going anywhere. i wonder what happens next? >> reporter: we've seen the ability to finance, well capable military organizations like isis from ground they hold. israel has not done it in a wild but did it in 2,022 in in the west bank. if israel is determined it can do it, that doesn't mean it won't be hamas operatives, hamas cannot continue to threaten israel like it did. it is doable. it will take a lot of determination from israel, i think israel is hopefully thinking about how to destroy this threat and who rules the gaza strip next whether it is the palestinian authority or
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international consortium of other states. julie: this might be an obvious question, forgive my simplicity but how did hamas get to the position that it was calling the shots in gaza? and the duly represented seen power in gaza whether they recognize hamas in that role or grudgingly have to accept it. >> reporter: wonderful question. 2005 hamas won legislative connections, they took the majority in the legislature, whatever that means but in 2007 they took over the gaza strip militarily, they killed fatah members. from than they ruled the gaza strip by terror, iron hand but still significant support for
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hamas. polls show if there was elections today hamas would beat the palestinian authority but they've been able to consolidate and build up a significant military force, 50,000 fighters, 15,000 rockets, more capabilities as we saw october 7th, some of that because of foreign aid from iran and other countries, money from qatar but israel has not been aggressive in getting rid of this threat. they allowed airstrikes to turn that on october 7th and hopefully israel has another concept, more aggressive and offensive ones that will take forces into the gaza strip to take part in this once and for all. neil: please be safe yourself. we leave right now, the dow up 200 points. another drama unfolding, the race to become the next speaker of the houses down to two gentlemen, tom hammer, majority whip, the highest ranking of
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the speaker candidates. the other, mike johnson, louisiana republican, going at it, the clear committee, but today, would than one individual, one of those gentlemen look forward to the entire house for another vote, hard to say, we are on top of it after this. ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. ♪ explore endless design possibilities. to find your personal style.
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neil: and then there were two, two gentlemen in the speaker of the house office that has been vacant for the better part of three weeks. chad pogrom with more on where the battle stands. >> reporter: they are on their fifth round of secret balloting, down to two members running or secret of the house. tom amaral, gop whip from minnesota and mike johnson, republican louisiana. here is what went down a couple moments ago. he scored one hundred 7 votes, mike johnson 56, byron donalds, 25, kevin hearne, 25. both of them have dropped away. there were four other candidates, we don't know who they were, who secured four ballots and two members who voted present. we don't know if we can get a
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definitive winner, a nominee they could go to the floor with. that has been a challenge for house republicans over the past couple weeks, they don't want to go to the floor if they don't think they have someone who can win. kevin mccarthy, former house speaker who was ousted three weeks ago today is optimistic. >> i think this gets done this week. i think we will go a number of rounds but tom member has the lead here and probably the best ways to bring the conference together. >> think about how many times in the past week or so republicans met in this room going through two other nominees, steve scully's, the majority leader, and jim jordan of the judiciary committee both failed bids for speaker, this is why some republicans are saying here we go again. we talked with kelly armstrong, republican from north dakota. >> i wonder if we get to see punxsutawney phil or have 7 more weeks of winter, got to deal with israel and ukraine,
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the farm bill extension before we can get this handled because we got a lot to do. >> it's about the math, tom has the most votes. where do those supporters for kevin hearne and byron donald go? do they go to tom emmer or mike johnson? what about the four members who voted present or for someone else? that's six ballots right there. if all members of the house vote, there are still six holdouts, we don't elect a speaker. they can only tolerate four defections on the floor. neil: we are separately hearing a new york republican, referring to congressman emmer as speaker designate. that would imply he has been chosen as the republican
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conference's choice and submitting his name and candidacy to the full house. that's the way it would go. the washington examiner, he is the guy, no sure bet he will ultimately be the guy but what do you make of this? >> i'm not sure what makes tom emmer any better to win a floor vote than kevin mccarthy, steve scalise or jim jordan, still have this fundamental problem that the conference is internally divided, republicans who see themselves as institutionalized and a lot of distress that only worsened over all these failed rounds of floor voting. amer has to start from scratch with horsetrading and making promises and what is he going to do about ukraine funding, how will he handle committee assignments and things of that nature. that process just starts now that he's the nominee. neil: he comes with a lot of controversies of his own.
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steve bannon said he is the most of the never trumpers of the house. we were told donald trump tweeted whatever you do honest truth social to echo his own concerns about him. with that contingent of more conservative members, would that damage him? >> members of realized each of them has a significant amount of leverage because emmer or whoever the speaker nominee is has so little room for error. they can only lose four votes. that's empowering a lot of conservative members to flex their muscles and away they couldn't if the house republican majority was larger. some of the holdouts from kevin mccarthy, matt gaetz has been
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quietly backing a personal a grievance more than ideology but tom emmer has the same challenge to overcome. there' is that lack of trust from the maga wing of the republican party who distrusted our leadership and tom amer is a product of house republicans leadership, currently the gop whip and served under mccarthy in a regime that was ousted. neil: he is quite the money raiser. so is kevin mccarthy and steve scalise, it's not a badge of honor. >> the speaker position isn't all that ideological. it a tactical position, not someone who is leading hearings, supposed to raise money and set the tone for the republican conference but those tactical skills throughout the speakership have been discounted in favor of a
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broader ideological discussion because republicans have an identity crisis with the trump presidency. neil: we will have some answers later today whether it comes to a full house vote. we are keeping on top of it and the dow. close to its gains from earlier on, one hundred 11, we are following bitcoin which is surging 15% in the last 24 hours, 18% from lows reached earlier this year. we are keeping an eye on both of those and also a number of prominent school graduates, college graduates, ivy league graduates who are saying enough with all of this is real is evil after this. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence.
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neil: for the third time in as many weeks republicans have 1/3
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choice for speaker of the house, looks like it will be majority whip tom amer. doesn't look like he's the guy, he is the highest-ranking speaker of the hopefuls out there. share of the republican national congressional committee. whether this goes to a full house vote is anyone's guest. we will keep you posted. there is this. >> was looking forward to doing these fellowships, at the kennedy school, lowering the temperature and doing away with hateful rhetoric and toxic politics i didn't take this lightly, it was a tough decision, for leaders to stand up and speak out. neil: larry hogan is not the only guy who wanted to help harvard, decided to skip it when he saw the student
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protests at harvard praising the palestinians and hamas particularly and condemning israel in the upside down world, joined by mitt romney am a harvard grad who has quite a bit of money for the school, he too would withdraw financial support. enter jacobson, boston college law student, and independent women's form and georgetown university at law school. they were kind enough to join us, this bashing of his real, welcome to both of you. how does it happen? your views are distinct at both schools. the protest we do here about. why are you in that camp? >> we are not surprised by the statements.
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the orthodoxy in a lot of ways, it is important to note, most are performative. they reflect intellectual laziness than support for terrorism. misapplied academic theory, and they reveal the gravity of their stance in academia, that can lead to anti-semitism. neil: is it scary for georgetown, they have a different view of this. >> students at georgetown and other schools are very concerned and that has made it more problematic. the first is professors are
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teaching a simplistic way to view the world, oh press versus low-pressure. that doesn't translate well when you go to real-world issues. the other issue is selection. admissions officers have prioritized social activism over merit and we see consequences of that in the campus environment we have today. neil: student activism and those who support israel or made that known from transcript or essays, would they have had a harder time if it shows up in your background? >> it's no secret admissions offices have deliberately prioritized some versions of social activism over others. we don't intend that community engagement isn't a great thing. it is. but often zealous activism at an early age of 17 when most
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students are applying for university, that is a proxy for intellectual in curiosity and misplaced confidence in your views such that when you enter the university level you tend to not change if solidified at an early age. neil: do you feel at georgetown there is an acceptable way to behave and do you ever feel that pressure at not being so bold as you are today? >> the pressure is definitely there because of this groupthink mentality. for students who have different views it is often tough to express them. that comes down just to the academic environment we are in for universities that have created this pressure cooker that really doesn't let other viewpoints through.
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what you hope to see come from this is a better environment for intellectual curiosity and that's not what we are seeing right now. neil: keep us posted if you have something on the floor that should be known. there are multiple views on this subject and you shouldn't be penalized for one versus the other. good lawyers in the making once and for all. in the meantime keep an eye on the dow, still up triple digits but the real story even though it's not as big a story is bitcoin. it is well north of $34,000 a coin. it is up 16% in the last 24 hours and also effectively doubled its lows early this year. a major player in the bitcoin arena, because he's coming up after this.
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neil: more than a bit of interest in bitcoin, the rogue currency moving along, $34,000 a coin, doubled this year, up 18% in the last 24 hours. a lot of this surge, post the israeli war but there are many factors beyond that. brock peters is the chairman, 2020 presidential candidate. who knows what is in store for 2024? good to have you back. >> a pleasure to be here and reasons that are exciting. and you will highs for everyone in my industry. neil: it is helping other crypto plays to your point.
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we have people's heart started racing, this is it, this is the moment and it peters out. what happens now? brock:this is driven by speculation connected to a bitcoin etf going live in the us. it would be nearly a decade, that is what everybody is speculating on. the asian markets are bullish on this happening. gary gensler at the sec had been regulating the industry not through congress or legislation. congress seems like put enough pressure on him that the american people should have access to this investment product, would benefit greatly having had ease of access going back 10 years ago. seems like finally the sec is
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in check and we might be seeing a bitcoin etf. we are seeing the same happened when the first goal etf came to market and the cme, the highest institutional futures trade the market has ever seen so we will see what happens here. adam: bitcoin is more of a beneficiary of that rogue investment strategy. gold or silver or other commodities and i'm wondering why. the etf taken out of the equation, what could drive it, stocks all over the map, bonds all over the map, a short point where people are running but no more. what do you think is driving this? brock:this is an alternative
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asset class, a hedge against financial uncertainty in the world and unlike gold, there's a lot of similar attributes. you can send this anywhere in the world near instantaneously for low fees and it can't be counterfeited so during times of uncertainty this is an asset class that appeals, concerned about the future. neil: it is hard to press, hamas found that a lot of operations using bitcoin. that raised questions regulators the world over will put that together and say we will clamp down will clampdown on these guys. brock:there are bad actors in the world and they will use whatever value they can to conduct their bad acting. they use money for that. a lot of the biggest banks, for the amount of fines they all face for making mistakes, the question, things have happened through their institutions. the big ones, of which i'm one
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of the founders, hundreds of thousands of dollars, those funds were frozen, frozen quickly and that is a sign of the stewards of the industry making sure to do the right things as necessary, stopping things related to terrorism. neil: great catching up to you. the bitcoin foundation share and much more when we talk about politics. in the meantime, jeff flock kind enough to join us, the uaw strike, expanding. they used to do this on fridays but it is getting to be a surprise ajay kind of thing. >> reporter: the day of gm announcing third-quarter earnings. what is not a good idea to make $3 billion in the quarter when you workforce is on strike saying you make a lot of money and we want our fair share. take a look at the pictures
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from arlington, texas, moments after they walked off the job, the big suv plant, 5,000 workers, they make the big suvs like the gmc yukon, cadillac escalade, they make a lot of money and now they are not making them anymore. gm says it is disappointed by an irresponsible and unnecessary strike, they made $3 billion and gained market share, we are making money, not going to back you up, this company, she spoke a short time ago on a conference call. >> the most significant that gm ever proposed, accepting unsustainably high costs that would put our future but if it is simply something that i will not do. >> reporter: gm says they are losing $2 million a week and that is just gm.
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gm and stellantis together, the estimate is $4 billion as far as suppliers, coaching $3 billion in losses, dealers, almost $2 billion and the wages lost by autoworkers on strike, half a billion dollars. now a look at the numbers, where we are with additional $5 billion on strike today, it goes to 45,000 workers on strike around the country at ford, stellantis, and gm. yesterday was a big headline too. another surprise strike yesterday with pictures of shawn fain in the sterling heights assembly plant, they make the ram 1500 truck, picket signs, shaking hands, they announced the big strike, a big plan for them and now all the big vehicles that make a lot of money are on strike somewhere for ford, gm, and stellantis,
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energized to the picket lines, here in pennsylvania because they have 5000 extra folks walking it as well as getting support from the teamsters in new york. this thing is happening. neil: it is certainly not on happening as they had hoped. about 145,000 uaw's, now 1/3 of them have walked off the job. keep track of that, "the big money show" coming up at the top of the hour, jackie deangelis. jackie: we have two stories we are following today, first the latest on the war in israel. we ask our military expert about big targeted strikes on hamas leaders and how the hostage rescue and pending ground invasion and the battle on capitol hill, where we are in the race for speaker. we have a nominee at the top of the hour but more coast-to-coast after this.
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rent, you would have to go back to 19902 see us back at those levels. katrina campin, real estate extraordinaire, it's pricey to get in a home but this disparity is jarring. katrina:thanks for having me. buying a home has become 52% more effective, making it increasingly challenging for homebuyers to get on the property ladder. the tight housing market is not proven to be a windfall for landlords either and increasing property taxes and insurance costs are affecting of them. landlords have the responsibility of maintaining the property. monthly mortgage payments, lower than monthly rent payments.
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in mid-2,003, homeowners tended to invest more, covering costs like repairs and renovations and in the run-up to the 2,008 market crash mortgage premiums reached a peak of 33% in the second quarter of 2,006. following 1:45 thousand six. following the financial crisis. interest rates dropped as housing supplies surged in 2010, it was cheaper to buy a home. debt driven by the benchmark 30 year home rates which adjust hit 8% coupled with limited housing supply reversed its ratio. it is getting more difficult for people to actually purchase a home. this is such a challenging market but challenging for buyers and sellers because potential home sellers can't sell because they are locked into a lower rate. they can't upgrade or move into
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a smaller home and in addition to that, landlords have these immense costs they are dealing with as well. neil: hence the mexican standoff between buyers and sellers, buyers can't afford the ones that are out there. let me ask about the rental phenomenon and how some take advantage of that. i understand there is a wave, don't know how significant it is, where a lot of people are seeking out rental stock because the high real estate taxes notwithstanding, it's a more affordable route to go. don't know if that applies universally but it has gotten to be a trend in florida but housing is still the issue. katrina:a lot of millennials are entering the market and want the freedom whereas the older generation has accumulated most of their wealth through home ownership. that is where you see most of
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the home ownership. as far as renting is concerned, during the craziness that was the pandemic a lot of institutional buyers bought so much housing, competing with first right homeowners and we discussed this before. it was unfair for first-time homeowners, what they did was additional buyers purchased those homes and turned them into renters. we are becoming a nation with so many people renting as opposed to buying homes and there are different perspectives. my perspective, a home is an important place for your family to set a foundation for children to have stability for home values. i would hope that homeownership would come back, it's part of the american dream. adam: really going but you were prescient about these developers, we will see what happens. good seeing you again. >> thanks for having me.
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neil: the house majority whip tom amer, highest ranking of the -- is having a devil of a time getting over the finish line. this is the third choice in as many weeks. the problem, he's not backed by the trump loyalists or by donald trump himself who repurposed a tweet that was critical of him and it could result if this does go to a full house vote and if it does happen today he too might be shy of the votes necessary. still early but this drama is still unfolding, stay with us. pano ai chooses t-mobile for business for 5g solutions... ...because t-mobile helps pano ai innovate, so they can stop the spread of wildfires. now's the time to see what america's largest 5g network can do for your business.
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neil: it looks like tom amer - tom amer -emmer is the guy to beat. jim jordan or steve scalise is anyone's guess. dan news is here, there are probably ten who will not vote for him on the floor. that would mean since he can't afford to lose more than three or four republicans he won't make it but that's an early read from one congressman. we will see. let's go to jackie deangelis, "the big money show" is now. jackie: i'm jackie deangelis.

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