tv Cavuto Coast to Coast FOX Business November 27, 2023 12:00pm-1:00pm EST
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november and then february. it says on the prompter, scroll back, the answer is seven, january, march, may, july, august, and december all have that. tomorrow we get into the children's alphabet song. in england it is eight. >> got that? no more singing. check the markets. >> the christmas tree is up and all of a sudden it's festival. stuart: i love december. running up to christmas, it is gorgeous. time is up for us but "coast to coast" starts now. >> coming upon "coast to coast" a record-breaking black friday spending spree is now in the
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books and now were into cyber monday. today could be the biggest online shopping day ever but will consumers be in trouble once a credit card bill comes due. we will dive into all the details with our experts. the world's richest man is in the middle of a war zone. elon musk is in israel with prime minister benjamin netanyahu to read one of the most horrendous sites of the october 7 hamas attack. we will bring you a live report of the center of the action. an outbreak in china, northern china seen a massive surge of respiratory illnesses, how far could this spread it is china facing another shutdown, marty makary will be here to break it all down, good afternoon i am ashley webster in for neil cavuto and you are watching "coast to coast". ashley: our top story americans heading online to skip the line
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for more holiday discounted deals after spending $10 billion in online sales on black friday. consumers are looking for more ways to save cash today during cyber monday. let's get the reed on all of this from slatestone market strategist and always her good friend kenny polcari, great to see you. are the strong numbers, what does that say about the state of the consumer right now? >> there are certainly strong numbers, goes to the fact that consumers spend like drunken sailors. what is interesting, you said on friday they spend $10 billion on online sales. what do they do on cyber monday, online sales as well? all this says i think part of it people are spending more money on items that are more expensive than they were last year, the question are they really buying
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more but the question will be how are they paying for this. are they putting it on credit i imagine they're all paying cash. it has to be on credit and ultimately what happens when the parties over in the bill comes due. will these people find themselves in a position to pay these bills whether they pay it off in one month or month over month over month. you know revolving credit cards charge upwards of 30% on revolving credit balances. ashley: it is interesting. you mentioned what are they going to do. i noticed the consumer opted for buy now pay later. that was a 47% from last year people doing that, layaway. what do you make of that? >> they think that is the way if they buy now pay later it's almost like i don't have to worry about this they'll break the payments up over four periods, four months in a row instead of paying 150 upfront you pay 37 and $50 every week or every other week however, it set
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up. i think that's another way for people to get in trouble with themselves because i have a false sense that i pay for this later i don't have to worry about it now and when later comes they're like oh boy i have a problem. ashley: you literally have to pay the piper. i want to bring nsw founder stacey widlitz to the conversation. great to see you. we talked about strong spending. does it taper off significantly from here, what about the retail season overall. >> this is it this weekend through cyber monday is the super bowl here and what were hearing from retailers anything to do with real discretionary big-ticket is weak and it will take bigger promotions to get people to start spending on consumer electronics, that's why we talked about that and heard about hot ticket items under severe pressure, home depot and lows people spending more on
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necessities and on food and everything that prices have gone up significantly. the discount is out there that i collected were generally up with the exception of a few guys like abercrombie and hollister and a few other names. everybody else was pretty much up year-over-year. ashley: i'm going to change subjects. i'm going to come back. we see a real uptick in the smash and grab robberies. if that was not enough we've seen thieves resorting to crashing and grabbing and breaking into a store by ramming a car into a storefront and looting much like the picture that we have on our screen right now. what is the solution to stopping this? >> this is a huge issue for retailers and their losing billions of dollars because of this issue and if you go to a target now they're locking up socks, why go to a store where i
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have to wait around with a salesperson to unlock a pair of socks when i go on amazon. that is what is happening here. the solution is the stories have very much hands-off mandate and the salespeople are not allowed to do anything and people who are fired for intervening. this is got to end we have to have enforcement here. ashley: kenny let me bring you in on this, do you blame the progressive das who have dropped off on punishing these people in embolden the criminals, has it not. >> absolutely, look at where tapping, look at where it's happening we have to go there, i blame a complete lack of breakdown in public safety and a lot of the big cities. look at what they're doing, what i've been talking about this raises the cost. insurers will pay for this and insurance will go up for the
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businesses and they will raise the prices to you and me and the whole inflation story is only going to be exacerbated but to stacy's point why even go to a store anymore it's so much easier to order online amazon will deliver 24 hours to my door. ashley: it's hard to beat that really gets, were out of time so glad we got to win, kenny thank you for being here we're going to talk to you about the markets later on in the show, let's move on. elon musk in israel today to ring one of the sites of the october 7 massive care i also had a meeting with officials to discuss his starling in the gaza strip. kelly o'grady joining me to discuss the details of musk's trip. >> it's great to see you. this is a little bit of an unusual visit for a tech
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billionaire, social media platform owner but he spent the day touring the discuss entry destruction from october 7 attack from hamas. he first met with engine vignette yahoo enema enter number of military officials and showed video from the attack and met with the families of victims and hostages. in addition the two held the discussion that was broadcast live on x. musk described the scene of the massacre as jarring into agree with prime minister benjamin netanyahu that hamas must be destroyed. a murder must be neutralized. musk met with israel's president isaac herzog. the discussion centered on the need to combat anti-semitism online were herzog told musk he had a huge role to play in doing that at x. remember his visit comes after he has been accused of anti-semitic rhetoric and the billionaire denied the claims, dozens of appetizers have caused their spending on acts. one concrete thing to come from the visit, musk has stat satello
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the area. everything has to be done with israel's approval, the minister announced the new agreement on x. he said this starlink satellite can only be operated in israel with the approval of the israeli ministry of communication including the gaza strip. the service has been a lifeline for soldiers and civilians in ukraine as well and it's become increasingly more important to u.s. national security despite the by the administration continued scrutiny of elon musk companies. back to you. ashley: fascinating stuff, thank you very much. we have breaking news out of the region. qatar saying the israel hamas truths will be extended for another two days. it was just about to run out early tuesday morning, let's bring in the spokesperson for israeli prime minister benjamin netanyahu tell heinrich, what risk comes with extending the cease-fire. >> thank you for having me on, first we have to see the fourth
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group of hostages will be released from the gaza strip from hamas, we are still waiting we have received the list and we informed the families of the hostages that are supposed to get released and we want to see them in the coming hours, we hope israel territory. as you know this'll bring us to a total of 50 israelis who have been released over the course of four days as port interpret the deal. we said now that we have a neck entry mechanism in place we would want to see the release of more hostages in the release of all hostages. we said this for every extra ten hostages that hamas release we would agree to another extra day of humanitarian pause in the fighting. we are yet to see, the ball is in hamas' side of the court. ashley: also, by the way it extends the period for other countries to put pressure on israel to scale back the military operation, how would you respond to that.
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>> indeed there is international pressure on israel that is not a secret, my country is not fighting a war to get like some social media were not fighting to get more hugs and handshakes of the quarter of the united nation. we are fighting for our survival. hamas is an accidental threat to israel. my country my nation took this threat we can no longer after the october massacre, we want to be able to tell these children, you just showed the picture, emily hand what are the pictures she was talking her father. we want to be able to tell emily that she is safe and they will never kidnap her again and rain missiles on her communities again for that reason we set a general cease-fire and a permanent one is not on the table right now. only thing that we would agree to his humanitarian pause in
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exchange for the release of more hostages. but we will get the job done. hamas can be no longer. ashley: with that said, anything else would be considered a loss would it not if hamas is still in control and you're unable to literally remove them, that would be considered a loss, would it not. >> we said we would remove them. it's not even in question, we have defined three goals we set hamas must be removed and gaza must be demilitarized in the radicalized in the longer-term. this is the only way to have better hope for this region in the future. all the three goals must be accomplished. ashley: very quickly, we know more aid has been getting into gaza. how sure and how certain that the aide is getting to the people that really need it.
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>> we are monitoring what is coming in and where exactly is it going. i can tell you the past three or four days have seen the largest amount of humanitarian aid coming into the gaza strip. hundreds of trucks loaded with water, food supplies, medical provisions, equipment for shelters and so forth. this is what we want to see we want the palestinian civilians of gaza to receive this aid. were doing everything possible on our end to use the civilian suffering will hamas is doing the opposite. they want to civilians suffering, they need this for their propaganda. ashley: terrific stuff as always. thank you for joining us today to bring us up to speed from the very latest from the region. coming up china reporting a
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surge of respiratory illnesses that is left hospitals there overwhelmed. working to talk to doctor marty makary to get his insight on whether this could be heading our way. we'll be right back. ♪ - hi, i'm steve. - i'm lea. and we live in north pole, alaska. - i'm a retired school counselor. [lea] i'm a retired art teacher. [steve] we met online about 10 years ago. as i got older, my hearing was not so good
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ashley: china is seeing a huge surge in respiratory illnesses but particularly pneumonia and children, what do we need to know and why is it happening and could it come here and professor of public health and fox news contributor doctor marty makary here, good afternoon. when you hear these reports coming out of china is very natural to say here we go again. what do you know about this. >> it looks like it's a combination of common infections and does not appear if there's a novel infection brewing in china right now. of course we should have skepticism into new report out of china the w.h.o. has been very public and demanding more from more information. probably overcompensating for
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the lackadaisical approach during the early days of covid but the reports i have seen in the doctors i am talking to are suggesting were seeing a whole host of seasonal viruses primarily infecting children because they had lockdowns for two years there is a fair amount of immune sheltering and that results in immunity debt or acceptability. ashley: haven't we seen this in other countries, once they come out of the covid restrictions, to your point and especially children being exposed we have seen spikes in these cases elsewhere as well. >> we have in including the united states we saw a big rash of rsv it was more common than covid then one of the do unto big waves that was a fair amount of immunity debt in children. china is reporting a seasonal virus mycobacteria a treatable infection and referred to
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walking pneumonia and it causes pneumonia and that's one of the dominant infections that were seen and flew and maybe that's a good reminder for people to take the flu seriously were at the beginning of the flu season the flu shot appears to be fairly effective this year and were expecting a moderate flu season based on the flu epidemic in the southern hemisphere that proceeds what we see in the united states. it's a good reminder to get your flu shot. ashley: has covid compromised our immune system in any way, are we more susceptible to respiratory illnesses like this? >> i don't think so there is a general theory out there that has been proposed that multiple vaccine booster shots can slightly weaken the immune system and make one more susceptible we saw that during the omicron outbreak there was a study but i think it's
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unresolved and i don't think prior covid susceptibility or immunity plays into other infections. ashley: you mentioned this at the top but it's very hard to take anything from china. to your point we have to be skeptical and the same can be said for the world health organization all of this in the wake of covid but it doesn't take much to get everyone pretty panicked and i'm wondering and china were the parents ran straight to the hospital instead of going to the doctor because of the covid effect. >> certainly that is a possibility right now people are on edge when they hear about a novel outbreak they get very concerned everyone from wall street to parents and in china clearly there is an overriding of the hospitals, nothing like we saw in the pastor they had to expand their hospitals that we see very crowded emergency departments it appears to be a normal seasonal virus. we'll have to see what china
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says i think people are skeptical when they hear reports don't worry these are seasonal viruses. ashley: we will leave it right there, doctor may carry thank you for your expertise we always appreciate it. coming up, a terrible story, students at a queens high school right over a teacher attending a pro-israel rally, how is new york city eric adams responded to all of this. we will tell you right after the break. observing investors choose assets to balance risk and reward. with one element securing portfolios, time after time. gold. agile and liquid. a proven protector. an ever-evolving enabler of bold decisions. an asset more relevant than ever before. gold. your strategic advantage.
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♪ be ready for any market with a liquid etf. get in and out with dia. ashley: a shocking scene. students at a high school in queens, new york storming the hallways after finding out that the teacher had attended a pro-israel rally. the teacher forced to hide in her classroom. in response new york mayor eric
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adams tweeting the viral show of anti-semitism at hillcrest high school was motivated by ignorance fueled hatred plane and it will not be tolerated in any of our schools let alone anywhere else in our city, we are better than this. 18 days in october ari kaufman joins us now every day there's a new event or ruckus and i'm absolutely shocked at the level of anti-israel sentiment in the violence that comes along with the anti-semitism i obviously thought that we were better than that to quote mayor adams, what is your response. >> i grew up not far from the high school i was a school board trustee myself for nine years i come from a family of educators. and pretty familiar with this sort of thing and to be clear i
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don't blame kids at all they're just kids they have been indoctrinated i blame the people that have been indoctrinated it dates back to the gordon riot london and somebody said i'd be governed by an ill dressed mob that a well-dressed. unfortunately there governed by a well-dressed mob in academia and media. if you want one example yet to look at the lead star in the new york times yesterday. ashley: how do you can bet this. how do you stop it. social media alone is very difficult to prevent people from being radicalized. >> the only way to respond to it is by attacking the source and the source is the core issue that is driving it. what's driving this anti-semitism but a different kind of anti-semitism from what we witnessed in europe in
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previous centuries what we see is a brand-new phenomenon in the best way to understand is to engage in a thought experiment suppose every fact of israeli conflict is exactly the way it happened lunch change one fact and assume the country that invaded israel is not the palestinians or egypt let's assume it was germany or russia. let's assume it was white people not people of color. to take germany for example let's assume germany invaded and 48 and killed all the jews and as the arabs did in renamed it westbank. let's call it german let's assume 19 years later and ethnically cleansed germany invaded israel as arabs did in 67 only now israel wins in the very people that used to live there show up and say this is my home i grew up. i want my home back the founder, can you imagine the liberal
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saying you can have your home back, germany invaded and killed the jews. nobody would say barack obama would not say jimmy carter would not say it. in other words it's a cognitive dissidents people have deeply held beliefs on race and racism and you have a conflict where you have people of color fighting not just white people but jews in the mind the progressives are group of privileged and i heard progressives referred to jews including my law professor in the 80s you have the white group of privilege against color and they want to side with the people of color are the problems they don't remotely justify what everybody thinks about slavery and whatnot so they change the facts to fit the narrative. when i point of law and thinking to college students very often at say you're right very often thought of it that way but we can have a healthy debate about
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the responsibility of white people today for things that happen largely before we were born slavery ended 100 years before i was born it's a legitimate debate, one thing i think this had nothing to do with israel it's a totally different fact pattern. i think we can break the barrier and even anti-semitism in that fashion. ashley: fight the good fight try to get the message out there it falls on deaf ears but fight the good fight. thank you so much for joining us today. >> thank you. a new active aggression directed at the u.s. military in the middle east to ballistic missiles are being fired at the uss mason that was sitting off the coast of yemen fox news correspondent jennifer griffin is at the pentagon with the latest with the story. >> we broke the story last night not only did the uss mason
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respond to a distress call and is really linked to tanker carrying phosphoric acid. but the u.s. navy personnel pursued and arrested the five armed gunmen who sees the tanker named central park after boarding and pulling alongside the tanker which i'm told had a low freeboard which gave the hijackers easy access. it shows the five individuals were somali pirates but it's not clear who sent them it's the second time in days that the israeli tanker had been targeted for hijacking sources tell fox the crew had locked themselves in the citadel safe room with japanese destroyer assisted the u.s. mason with interdiction three chinese navy warships were in the area but did not render assistance to the 59 distress calls from the ship the gunmen tried to beat down the door to the safe room and then exited the ship and made their way back to the shores of yemen when the
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u.s. navy personnel pursued and arrested them warning shots fired by the u.s. navy personnel the u.s. helicopter gunship to cover the hijackers on the u.s. mason being questioned by the u.s. military under counter piracy authorities after the uss mason rescued the vessel they fired two missiles at the mason in the u.s. navy tracked the ballistic missiles as they approach but both fell short down ten nautical miles to the gulf of aden this is a significant escalation in who do see threats to u.s. vessels to well-placed sources. back in 2016 the u.s. mason found itself in a similar situation off the coast of yemen and took the unusual step of firing and asked them to missile to defend itself and the uss pensée against who they missiles this was the first time the missile defense was used by a ship in combat the eisenhower
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has arrived in the persian gulf sunday that the aircraft strike group is a clear message to iran questions are being raised as to why the u.s. has not responded to the escalating threats from the iranian back who these in yemen the latest incident with two missiles is a serious escalation. ashley: significant aggression that is for sure thank you for that much appreciated let's take a look at the markets if we can it's mixed today the dow falling ever so slightly with s&p in the nasdaq slightly higher by a quarter of 8%. all three exchanges having one of the best months in over a year. we will dig into all of after this. ♪
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starting with the sound system... that's caaaaaaaaash. cashback like a pro with chase freedom unlimited. how do you cashback? ashley: market taking a step down with four trading days left in the month the dow and s&p slightly lower but the nasdaq on a tear up again modestly about a quarter of 8%. all three embassies are on pace to have the highest monthly gain in over a year look at the nasdaq up 11% good time to bring back wealth chief market strategist kenny polcari, great to have you to talk about markets, is this related it seems like in the last month since the ten year treasury backed off the 5% level we see
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the nice rallies in the exchanges especially the nasdaq, has not been the key. >> is one of the keys. i would like to think one narrative that the fed is pausing but they will cut rates even sooner than what the fed has indicated but i don't see how that'll happen at all but the move has been the fact that bond yields have backed off and the narrative that the fed will cut rates sooner and the move is credited that they think earnings will grow almost 12% 2024 which i think is generous but the market is price to perfection i think he feels tired we had the ten or 11 move in the four indexes review include transport up nearly ten or 11% but i think it feels tired as we had to december i expected a pullback in digital
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and there's plenty of resistance at 4608 at 2023 hi i wouldn't be surprised if we tested before we back off because were close to it and they would love to say we did it but i think it'll run into resistance. ashley: it's a bit of a quandary for those investors who are sitting on cash there is so much cash on the sidelines a lot of people are calling this the fear of missing out raleigh would you suggest to hang tight for now. >> i have this conversation all the time it depends on who you are where you are are you starting from the beginning or somebody who has an investment account looking to put to work how should you do that someone who has cash sitting there at the get pays to wait and let the market back off but it depends on your time horizon so many factors into that decision but all it points to it is time in
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the market not timing the market so people that try to pick tops and bottoms and then it runs back in then you have the foam overreaction which is what we've seen over the last three or four weeks. ashley: will have to leave it there you always bring the energy after a long holiday weekend. thank you very much. kenny polcari on the markets. let's move on. more than 10 million americans under a winter weather warning as the storm is giving post-thanksgiving travelers issues. as you can see by the video lots of snow especially in the midwest and great plains some areas getting 23 inches of snow almost 2 feet. mike tobin live from chicago o'hare airport this afternoon. how does it look. >> it's not that bad they had
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some delays yesterday due to the snow yesterday but only one flight cancellation in the airlines are pleased with how the holiday weekend has gone and how it's wrapping up. american airlines had the highest load factor moving 6.5 million people from point-to-point and in that time the fewest flight cancellations at any point in the airlines history for the travel weekend 59000 flights and only 55 are canceled most of that due to other yesterday was the busiest travel day today is busy but lighter weather should not be a big factor east particularly lake erie and ontario at the middle will have wind but mostly blue skies. >> it really isn't going to be an impactful day as far as precipitation that it will be windy on the eastern seaboard behind the cold front. a lot of wins northwesterly and westerly winds that will impact
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flights as far as crosswinds. but otherwise not a whole lot going on from impactful weather. >> tsa checkpoint volume set a record yesterday 2.9 million people being screened up from 10% last year, travel experts say the impact from covid is effectively over because of that. back to you. ashley: from a delightfully cohort airport. we appreciate it. at a time when u.s. employees are more dissatisfied than they were in the thick of the pandemic bill gates is pushing for a three day work week by using a.i. artificial intelligence. professor of internet law at george mason university carl szabo is here, let me start with bill gates he said the purpose of life is not just to do jobs
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which is wonderful if your multibillionaire but the rest of us have to work you think a.i. could take the strain were ultimately take our jobs altogether? >> at the end of the day humans were made to do things in technology will make it easier to do newer and greater things and we could before we have technology pushing us to do more that the human drive to constantly evolve so the idea of sitting around for four days a week not doing anything twiddling our thumbs that's not in our nature not who we are. would it be possible to handoff some of the work, absolutely but that allows us to do more and better things. i do not see us moving to a three day work week anytime soon but ics embracing technology to make life better for everyone.
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ashley: had about three days at home to an office workday. will we ever be the way we were pre-pandemic or as a worklife balance in the hybrid work is not the norm these days. >> in the same way the first thing that you do when you get to the office is turn on the computer we could never imagine a life without computers we will be ten or 15 years out from now and never imagine a world woman went to the office five days a week and that's a good thing. at the end of the day that's what americans, workers and employers are going to want to do where, when and how we want and what we saw throughout covid because of technology and remote work people were able to do more and that's because we gave the back time that we never had previously one of the things that people hate the biggest thing they don't like about work
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is traveling to the office that makes sense to spend two hours going and commuting back but now you can make the soccer match and go to the piano recital because you're working from home but we as employers need to do a better job making sure that we oversee our employees and help them make the transition so they are and continue to be efficient and work in the way they have been for the past several years. ashley: we have to leave it there. carl szabo thank you so much. wouldn't it be nice to be bill gates. time to check in with brian brenberg in the big money shelf to see what they have coming up at the top of the hour. >> elon musk is the administration's favorite bad guy but the u.s. government has become more depended on him we will explain in kurt the cyber guy stopping by with the cyber deals you cannot miss but more "coast to coast" after this. ♪
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any specialist, anywhere in the us who accepts medicare patients. so call unitedhealthcare for your free decision guide... and get help protecting yourself from those out-of-pocket costs medicare doesn't pay. oh, and happy birthday... or retirement... in advance. >> it seems like president biden puts were pressure on israel and
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its hamas and qatar. hamas is so contentious that president biden american power that they feel the imperative to release filipinos anti-hostages before they release american hostages that is one small example of the weakness president biden has projected around the world that resulted in americans taken hostage or ivory and attacking americans. ashley: that was republican senator tom cotton slamming president biden and calling him weak on the world stage. how does this play out for the president at home as he makes his bid for another four years in the white house. that is the question here is chris will wilson and democratic pollster carly cooperman. karl you're the democrat let me have you respond to the criticism that president biden is putting more pressure on israel than he is hamas.
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>> biden was able to broker a deal between israel and hamas to stop the war and secure the release of hostages and this is an important accomplishment provided and he deserves credit for helping to have hostages released, this is the first step there's many more that need to be released and a lot more work that continues and will continue in biden is hopeful that the pause will continue a more hostages released but this could be a turning point for the biden administration and their effort to help contain and stabilize the work. ashley: carly says it's a turning point. how would you rank the president effort with hamas and israel. >> where to start. between joe biden historically awful foreign-policy instinct, let's be honest he's been wrong on everything since the nixon
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administration when he took office. his lack of focus and energy probably due to his age in the white house full of millennial staffers america is at its weakest point in the world stage since world war ii. nowhere is biden's weakness and into logical commitment to the white house and the dumbest ideas more clear then dealing with iran and the houthis. you have to remember that biden removed the houthis from the terrorist watchlist now they're seizing ships, they fired missiles at the u.s. naval vessel and iran and syria backed by iran attacking her bases in the middle east. i don't know if there's a way you can show how poorly he is doing on foreign-policy than the current middle east situation right now. every single decision biden administration has made since he took office is coming back to bite test because we look so historically weak to everyone who is our enemy. ashley: carly back to you concerns whether it's on the world stage or on bidenomics.
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the polling is not positive to the president were referred senior level people say this polling is disturbing, what do you say. >> absolutely i completely agree the polling is disturbing for the body to administration, they know this and they know young voters who are disaffected that is going to have to win the support of in terms of his success next year and i think on the democratic side what were hearing in terms of disaffected democrats, young voters, minorities these are people who historically have been proven to turnout for biden and democrats at the end of the day and i believe there's an opportunity and a lot more time between now and election and a lot more opportunity for things to happen on the world stage, domestic with the former president trump as well. i'm concerned about the polls but i don't believe that an indication of what will happen a year from now.
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ashley: 20 seconds, is joe biden the candidate next year or not? >> there's no way to answer that in 20 seconds. ashley: no. >> if you looked at the polling perspective democrats have to be very concerned you can hear in the colleagues voice and they're probably looking for a way to push them off the edge of the ship and get somebody else that is captain. ashley: we will leave it there, we can talk all day we don't have time unfortunately but more "coast to coast" right after this. ♪
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introducing j.p. morgan personal advisors. hey david. connect with an advisor to create your personalized plan. let's find the right investments for your goals okay, great. j.p. morgan wealth management. ashley: new images coming in of elon musk and as real, visiting with families and israeli president isaac herzog the two discussing anti-semitism on social media in herzog telling musk he could play a huge role in combating the hatred that does it for cavuto "coast to coast" here is brian brenberg in the big money shelf. brian: thank you very much i am brian brenberg. >> i am dagen tao emperor jackie deangelis. i am lydia
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