tv Cavuto Coast to Coast FOX Business November 15, 2023 12:00pm-1:00pm EST
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first and get it wrong. stuart: john o hurley. >> i will side with ashley on this, it only had two. stuart: i would like to know which state to they are. i will go with four. the answer is seven. are you kidding? alaska, wyoming, montana, north dakota, south dakota. your summer estate. all those states have one representative. i want to thank you for sticking around for the trivia question. and bringing your lovely terry year. >> love spending time with you.
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stuart: we are almost out of time. this is the part of the show i count down precisely the end of my show at the start of another show. 321, coast-to-coast starts now. neil: we might be on the verge of seeing the uaw deal, with auto bankers, welcome, everybody. let's get to it. grady trimble with more on this. what's going on? is this unraveling? >> none of these become contracts until workers approve them. there has always been a risk that rank and file members could shoot down the unions deals which they announced with any of the what automakers and it is looking like the deal with general motors could be in jeopardy. not a guarantee but if workers don't approve the deal it could
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mean the union and the automaker would have to go back to the bargaining table. the union sent striking workers back to their jobs before this vote. if there is no deal it is not clear whether the union would have workers walk out again. i want to put these numbers on the screen. the uaw has its own tracking website, 50% of gm members voted yes on the deal. that is closer than forward and stellantis. there spokesperson tells us the headlines that suggest workers aren't going to approve the deal are, quote, wrong. if it does turn out union members with general motors do shoot down the tentative agreement it would be a huge blow for all parties involved, uaw leadership brokered the deal, the automaker and president biden, last week,
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taking a victory lap and celebrating the uaw's historic contracts. we reached out to general motors. they are not commenting on these reports the deal fell through. it is something we are following as a possibility but not something that's going to happen. neil: they could be having issues with this, the workers were not keen on it. the headline numbers are generous to workers but something must be doing this. what is it? >> one of the concerns from some workers is the workers that have been at general motors plants for a long time are essentially getting the same pay raises new workers are getting. during the strike we kept hearing from the union workers that if you've been with of the company for a long time you are making more than someone next to you who hasn't been at the company that long and it could
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turn out the longtime workers are frustrated that they reduced that time to the top pay level so are shooting it down, 25% pay raise has been enough for some workers because when shawn fain set out to strike against the big 3 automakers he was asking for 40% pay raise and four day work week so workers are saying you promised us a lot and this falls way short so they are striking it down or potentially going to shoot it down. neil: what does your gut tell you? you focus on those headline numbers and they are eye-popping. start from scratch, i don't know the odds. than what? >> my gut tells me this is going to go thorough. it might come down to the wire but we just got news that a big plant in texas voted in favor
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of the contract so it's looking likely it is going to happen but it would be a huge blow to general motors and the union, namely shawn fain to have to go back to the bargaining table and it is unusual you send workers back to work from the picket lines before they have actually ratified the agreement. that is unprecedented. it didn't happen in 2019 when workers struck at general motors, they waited until the tentative agreement became the agreement and rank and members voted, the issue of sorting out do we go back on strike or do we smooth things over with the automaker in order not to ruffle their feathers further. it would be an unprecedented situation for a number of reasons not to mention general motors competitors are on track
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to overwhelmingly support the deal so we have competitors back on the job producing vehicles and general motors in some ways back to square one. neil: we don't know how this will end but scott martin is paying attention. what do you think of this honestly? >> nothing considerable happening. with respect to we talked about this the day the deal was struck and it wasn't the 41% pay raise, 25 which i would take. sounds pretty good to you and me, that's a lot of tacos but hamburgers or whatever, if you are the automaker we offered you guys a compromise, we talked it over, they didn't talk about this for weeks and months at this point and got the deal the uaw said this looks pretty good and get the workers back, now that we think
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about it, we renegotiate. neil: a lot of times you hear the headlines, you get the contract for these things, wait a minute, they are in the waiting stage. i am wondering regardless of whether they accept this or not, you already know you have to pay for it. what about that? >> you have motivation for other unions or workers, talked about hollywood, other places this spills over to that effect and economy, and line somewhere, try to get something and there is a dearth of workers, so this does not help the overall seen for the
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economy to get back on its own, breathe on its own it move up again. neil: the retail one, the wholesale one today, the most advances depending what you are looking at. the notion of runaway wage inflation. >> i want to make every body as clueless, it is funny how it works out, talking supply versus demand versus wages, look at these wage increases, the 41%, it is going into pricing, you get richer by a force of nature that doesn't balance without government intervention. it's one of the situations where the economy looks like it wants to break out of the funk it is in.
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the fed clearly stepping back, take a chill and relax. neil: they say we are going to get rate cuts. don't think that -- >> crashing into a tree. the lower rates by 550 as well, before an election in august. way beyond. if you look at the markets, the nasdaq, pick your favorite image, they do best when the rates are stable. if rates could hang out here. neil: people might freak out, that resolve the. >> what happened to the 11 rate hikes you were so certain about. just like the uaw we renegotiate that, take those off the table, not worried
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about the markets were taking one hundred basis points off like that. adam: it is good seeing you. scott martin on that, the first meeting of xi jinping and president biden in san francisco, here is one troublesome sign, they are not going to issue a joint statement but separate statements, that generally doesn't show they are optimistic. jackie heinrich is there. how are things looking? >> reporter: we expect a few big announcements, restoring military to monetary communications and a deal to stem the flow of fentanyl but don't expect much tough talk from president biden. the administration thinks us interests are better protected of china wants to cooperate with us and the economic vulnerability as a pressure point, they have massive youth
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unemployment, and xi is here to tell executives, senate republicans point to the economic coercion and intellectual property theft saying there is no such thing as healthy economic competition with china. the us should not throw any economic lifeline to xi jinping but the administration sees the reset as a good thing, the strength of the us economy, partnerships in the indo pacific and investments incredible technology at home has china on its heels and they point to china guarding data on its economy as if it were national security information as evidence of weakness. they are cleaning up the city is a show of respect to xi, to get the relationship stabilized and biden plans to tell xi that he's going to be here for the long haul. >> president biden intends to make clear to president xi to get ready, dealing with president biden for the next five years.
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this is an important meeting. it will it will be intense. stay tuned. >> reporter: got for press conference later today. what we are watching for is what biden says about china's biggest economy which is taiwan. neil: we are watching closely, jackie heinrich with the president in san francisco and china as well. growing concerns the two sides are far apart but they are talking so it's a constructive development but ray dahlia, the most successful hedge fund management are on earth. we are not going to war necessarily but could be entering a new stage that's just as scary. >> over the next year we are going to have a great political conflict over the next year, 2, and 3, we are going to have, in my opinion, we are going to
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have debt and economic issues that will play into that and over the next one, 2, 3 years we are going to have conflicts with geopolitical conflicts with china and such. lauren: 20 china has problems too. those problems keep them at bay, they don't get militarily ambitious. >> they will have problems too which makes it all more risky. neil: least we moved back from the brink. gordon chang, author of china is going to war. china is going to war. jonathan ward joins us, and two experts. get -- let me talk a little bit about be grateful we are not on the brink but also we could be on the brink of something else,
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relationship between the two countries. >> he knows the problems inside china right now is not just the economy but a debt crisis, were sending food shortages, the demographic collapse and i think he believes china could very well lash out, domestic incentives from xi jinping to be more provocative and he's right about that. i would be less concerned about a confident china than i am about a china that believes and has a closing window of opportunity to achieve historic objectives. we see beijing acting very belligerently in the philippines, this looks like a regime that wants to provoke an incident. jack: in congress say despite the fact that we beg for meetings with china and arrange these powwows china might need us more than we need them.
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the treasury secretary intimated that it might give us an advantage. do you agree with that? >> they need us more than we need them. we never would have had the rise of china without access to american markets, never would have happened and on the end, china's victory for them to achieve the long-term strategies they will never get there without access to american markets, financial capital, and a limited window in which to start cutting them off and closing the door to those goods for not only ourselves but other rich nations around the alliance system if we don't do that we will see the continued militarization of build up and all kinds of human rights atrocities. everything powered by our markets, capital and technology and they will give us a warning. their goal is to have a war they will win.
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for military history and the founding of the prc all the signs are there. might not happen in the immediate future, we can prevent that but we have to disengage economically, rebuild peace through strength and use the short window we have to get that done with territorial goals and act on them. neil: we hear now that xi xinping is not going to attend the multi-leader dinner in favor of meeting with us ceos. what did you make of that? >> they need us right now and what he needs is foreign capital. 11 rack xinping has the view of economy by state institutions, little -- no room for foreign investors.
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he will play for it and thinks they will get it on its own terms but xi xinping wants foreign money and that is why he's here, not to talk about biden so much but to get foreign money. neil: as they were wrapping up, learning a little bit of thunder in the middle east yet again, uss -- shot down a drone from yemen in the red sea. this is the home base of houthi rebels, iran financed group and they were going after american soldiers, 50 plus attacks in the last month or so. we responded to three, this would make it four.
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>> reporter: his nickname is the punch bowl but this has a new meaning. oklahoma's mark wayne mullen challenged the teamsters president to a fight after citing social media torrents. >> want to do it now? >> would love to do it right now. >> stop it. stop it. sit down. >> reporter: had to struggle to keep that from happening. former speaker mccarthy accused of elbowing jim burchard in the kidneys. listen to the audio of the alleged incident. >> in the back. got any guts? >> the reporter said it. what kind of chicken move is that? you are pathetic.
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>> in a heated exchange during house oversight committee hearing, chairman comeer like gerrit moscowitz to the small furry creatures who live in mushroom shaped houses. watch this. >> you look like a smurf just going around and all this stuff. >> mr. chairman -- >> you've been proven a liar, mr. moscowitz. >> reporter: from being called a smurf, nobody has any idea what is going on but someone suggested the long hours are getting to the. the house, for the thanksgiving break. neil: you and i can get along and report on things without saying you are going down, griffin. >> reporter: i would never call you a smurf. neil: you are the best. griff jenkins, everyone needs an idea. north dakota senator,
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appropriation committee, what's going on? are people losing it? is this overwhelming? not everyone but we have seen some doozies. >> in the rotunda the birthday celebration for the marine corps which was on the tenth but they are celebrating it today. semper fi and thank my father who was in the marine corps. thanks to them and all our men and women in uniform. as far as the sparring in congress, house, or senate, it should be verbal sparring, not physical sparring. neil: there's a lot of tension and maybe it dates to the friction over kevin mccarthy, one member managed to to do that. considering we could see it all over again with the new speaker given voting on a measure to avoid a shut down. i know it is in the house but it reverberates. >> i was a governor before i
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came here. something i talk about all the time. different ideas, we can stick to our principles, we can have verbal sparring, we've got to legislate for the people of this great country. you solve that, with the new speaker able to move forward with 330 votes o'hara majority, almost all the democrats, that will pass in the senate. we are going through amendment discussions, don't know if that will be today or tomorrow. we will move that as well. neil: with all the celebrating going on, i want to talk about your recent trip to israel. benjamin netanyahu is convinced a lot of the hamas activity is coming from the very hospital that's getting this attention. what do you think of that? >> that is the case.
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senator moran and i had a bicameral delegation, we met with prime minister netanyahu and presented a resolution from the senate, all 100 senators voted in support of israel and their need to support hamas. what happened october 7th, they are showing the video, it is horrific. we must stand up to hamas, we must defeat them. not only did they commit these atrocities, in israel, they are using their own people and hospitals to shield themselves. it just shows how craven they are and how we must defeat them. neil: happy birthday to the marine corps. that's what they are celebrating. a lot more coming up. mark wayne mullen will be joining me, ready to go to blows with the teamsters president, we are going to settle this. in the meantime the guy who
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demand. in 2,008, just over four homes were sold in the united states. this year i don't know if the united states will get to 2 million total homes sold. what happened after every cycle? it corrects. it comes back. you are seeing that in the residential. neil: crashed in the first place. >> you had a soft crash. if you talk to anyone in the real estate business, they haven't had a great time. rates rose higher than anyone had in their career. 90% of all loans are under 5%. neil: sellers refused to to budge? >> they had nowhere to go, inventories, a 45 year low and buyers had nowhere to go.
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what they could afford a year and a half ago got double the money payment, becomes a hard pill to swallow so people stayed on the you stack, you stay, eventually you move. you see mortgage applications at a 5 week high, buyers saying i can get a jumbo under 7%, better than 8% for today. don't know what happens tomorrow. stuart: do you have your own network of banks and lenders? i ask because when your name is on the list, just seeing your name on it, as you know, do you gravitate to that or is it your network? >> a mixture of both. there is brand value and legitimacy for agency and enterprise. that's why they have been able to expand so far.
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we were in one state and now we are in 7. julie: gravitated to the area, palm beach comes to mind, you ever worry bulletproof areas can't be bulletproof forever? >> not going to areas that are bulletproof areas right now, i'm incredibly so excited about all this. entering into savannah and other markets for workforce housing. neil: more room for percentage growth. >> not just the big fancy stuff you see on tv. neil: don't know how much you can say from netflix. what's going on? >> don't know if i can answer that question. the most followed real estate brand -- neil: how did that start?
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to buy and sell real estate and help people through the process. you obviously did it differently but better. you have a loyal following. >> the secret is content to community to commerce, and makeup with a social following you can tell real estate of the brand, the fallen. what we teach our agents and our teams and independent brokerages which is why we had success absorbing independent brokerages the tightened this year around the country, we give them the ability to build their own brands and start selling higher price points, and start doing better business. this is something we've been able to do. neil: with agent fees and how much they can make, what's going on?
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>> what's happening right now with class-action lawsuit is not how much people can make but transparency and the idea that there's collusion between the largest realtor median and biggest firms out there. i've done deals for free. neil: it was fixed, and this is not the deal i agreed to. >> you have closing statements. everyone is aware of everything, all of their deposits anyway. with greater transparency, agents not as focused, building their own brands, potentially a harder time in the future but
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it is what it is and move forward accordingly. the lawyer makes 33% to 40% of that deal. that's interesting. neil: you hear this dichotomy between new york and eye-poppin, wrap against this extreme, extremes don't last long. >> right now you have two markets. before covid and after covid. after covid you have an additional bifurcation, trophy and class a residential buildings and everything else on the fridge. talking commercial markets, 460,000,000 ft. of space in new york city, 90,000,000 ft. on the market. direct to landlord.
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neil: that can't move. does it spill over? >> that is when we have the reimagining of the box office, they will try for sure and sometimes creates difficult plates but you see people coming back to work. there's a difference between occupied commercial space and leased commercial space. took me an hour to get here in traffic because everyone is in the city in the middle of the weekdays. monday and friday is different but doesn't mean a tenant won't pay their rent for the office space. neil: think twice as an owner kicking the tenant out. that's a problem. >> in class a buildings, in midtown, they are not having that all the time so they are really high. downtown come buildings built for the market dried up, $30
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billion in commercial debt that will reset very shortly, just in new york alone outside the $3 trillion of partial debt in the next few years, two types of workouts, workouts in trophy buildings where people say it is a great asset and you have everything else on the fringe having a harder time that has to be repriced and won't take as long as ever, people need to stop that but if you watch it. neil: would be great. i thought i would sneak it in. so good seeing you again. trying to get where he is. the dow up 150 points, fed off of that. the third obesity drug on the market, now they are concerned about hitting food stocks anywhere you go, hungry for them so they are feeling not so
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you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. neil: i should call this a hillary vaughan fox alert. this congresswoman, i will leave it at that but i don't want to give it away. there you go again, what happened? >> reporter: rashida tlaib was censured for her use of the phrase from the river to the
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sea, a rallying cry by terrorists to call for the genocide of the jewish people. after she was censured she kept a tweet that d offended and doubled down on the use of the phrase calling at an aspirational call for freedom. since then her own democratic colleagues have come out saying the phrase incites violence against jewish people, the white house said the phrase is anti-semitic but we've heard nothing since then from tlaib so we tried to get some answers. the regret using the phrase from the river to the sea, used by terrorists to copper the genocide of the jewish people, the regret using it? the white house says the phrase can be anti-semitic, are you anti-semitic? are you anti-semitic, congresswoman tlaib? are you anti-semitic, congresswoman tlaib? are you anti-semitic, congresswoman tlaib?
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are you anti-semitic, congresswoman tlaib? so five times a week tried to ask if she was anti-semitic because that is something the white house said, that phrase is, too many people but we didn't get very far in getting clarification if she is aware of this and if she regrets any of it. neil: keep asking the question and you do really walk fast. if it were to me, hey, amazing. good stuff. we've got scott martin who is also very fast. >> high school hero. now i'm only walking and running to fast food places and that is pretty much it. pizza might be burger king.
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neil: although stocks have anything to do with food because of this. all the drugs out there, that cut into their sales, the end of the world. what do you think? >> the 10 man, the thin man. it will cut into that fun because i love eating and going to these restaurants. neil: what about the people who would rather choose the food than the weight loss? that's an event, and the weight loss drugs make you not want to eat, change is your thinking and stomach capacity. neil: things in life. what else could there be. burrito supreme with jalapeno.
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it's one of those situations, eli lilly is a drug that exploded because of this weight loss drug. a lot of this has been overhyped. to say it will work for everybody and everyone will love this new lease on life, sounds really great. i'm all for health. i walked three times a month or something like that, sleep at night once in a while. neil: it is 10,000 steps a day. >> walk up and down the stairs a few times. neil: where i might differ with you, some in the medical community say this is working and improving people's health, push to get medicare, seems game changing and away but you are not buying it. >> improves your health and you live longer. so what is the point of living if i'm not spending my days with neil cavuto eating deep
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dish pizza. neil: you are saying you will be my age someday. >> i am catching up. it's one of those things, guess there's more to get out of it. enjoy your self. neil: you don't think the stocks, i think the oreo ceo -- two of us are saying it. neil: he doesn't see any impact. >> all habits die hard. maybe there's a weight loss drug that will come up with this. neil: just don't eat it. more people than eating this stuff. they will improve the bottom. >> people that wouldn't go before because they are afraid we would overeat, a new taco bell customer.
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neil: i love you to death. very good sense of humor. good to have. i want to go to jackie deangelis, you have a great sense of humor. what is on the docket? jackie: that's an interesting interpretation on how to eat. the president is meeting with xi later today. xi is looking for big money, talking about green energy and he's wining and dining with ceos. francesca is here on why marxists are funding anti-israel rage and larry kudlow stopping by with more coast-to-coast after this. ♪
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>> welcome back to coast-to-coast. in reykjavík, iceland, iceland could experience its worst volcanic eruption in 50 years, it is significantly likely that eruption could happen at any moment. there been one thousand earthquakes in the last 24 hours. normally in iceland and iceland they see 60. not just a volcano mountain, they are looking at our 10 mile long stretch in which magma conversed out at any moment and affect the town of bern of its
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where the famous blue lagoon is that so many us tourists know about which we spoke to a scientist about eruption and they said frankly it could happen at any time. >> summer of 23, we saw our tremor, we managed that. we won't have more than 2 to 3 hours prior to the eruption. >> the warning is 2 to 3 hours prior to the irruption. >> it could also happen without us noticing but we are hoping it will show signs of the last three irruption's. >> there was a full evacuation of 3700 people, there are real fears the irruption could happen in the middle of town. there's been sulfur dioxide readings as people go into town to gather their belongings. >> in the middle of the visit there were readings of its own
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2 gas indicating magma might be close to the surface so everybody was evacuated an hour earlier than intended. people only given 5 minutes to gather what they needed from their homes. >> we will keep an eye on it. adam: will have more after this. ♪ ♪ be ready for any market with a liquid etf. get in and out with dia. las vegas grand prix choose t-mobile for business for 5g solutions. because t-mobile is helping power operations and experiences for hundreds of thousands of fans with reliable 5g connectivity.
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