tv Cavuto Coast to Coast FOX Business November 30, 2023 12:00pm-1:00pm EST
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stuart: it was a good one. how long is the us shoreline, 66, 73, 98,000 miles. you are always first. ashley: i wish bassiniste had gone first. i'm ongoing with 72. >> i will go with number one. 66. a when i think you are both wrong the. i'm convinced it is 95,471 miles. i am right. think of florida, the long peninsular kind of thing, all coastline for heaven's say, 95,000 miles. that includes hawaii and alaska. >> we are always losing to stuart. stuart: coast to coast starts now.
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neil: november just about done. this incurred all market rally won't with. read them and weep. stocks four hours away, the best month of the year. as things stand, the s&p nearly 9%, the nasdaq north of 11% and all this despite a war in israel, hostility about to end. investors more focused on things closer to home like interest rates going down. holiday spending going up, the santa claus rally is on. the big question, final day of november. what about december. 11 months of the 12 months of the year just about wrapped up. than what, what are we looking
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at, good to have you. what do you think? >> the santa claus rally came early to wall street, and even more than the stock rallied, the precipitous decline, representative of investors expecting inflation to moderate. investing is about expectations. investors expect the fed is cutting rates and that's priced in. it is interesting if we compare this to last year, gloomy on wall street. a lump of coal, the bond market swooning. inflation fears everywhere and wall street convinced we were going into recession. that set us up for this year's rally. we have high expectations going into next year. the damage may be done. pending home sales looking like
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financial crisis levels that just came out, $34 trillion national debt not going away anytime soon and we know these issues are on the horizon but we accept the holiday cheer, take it from today but robbing from december's gains. stuart: diane: cannot see how the fed so quickly does a 180 from hiking rates, grateful for the pauses when all of a sudden reversing all that and to hear people talk about it, the first quarter next year, what do you make of that. >> you make a good point and this may be wishful thinking. the market may be hearing what wants to here. the market uniformly believed we would be in a recession and it didn't happen. still tons of geopolitical turmoil. china is a mess.
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there are opportunities, the middle east is a tinderbox. we know those issues are out there. investors had low expectations for inflation getting ravaged by the costs. those costs are priced at this level. look at the volatility index. suggests there is no fear in the market. there is a high level of complacency. contrast that to market volume of that is that is not typically what you would see. magnificent seven suggesting dot.com levels, plenty of opportunities but got to be vigilant, the coast is not clear. neil: let me ask you about interesting finding that interest rates are below 7% by spring. what do you think of that? >> a frozen housing market, we don't know what houses are
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worth because they are not rating. the market is dead. it's not a good thing for the economy. seeing some moderation in interest rates would be a relief. plenty of homebuyers hoping hoping they can refinance but the fear is you may bring supply to on market. look at these opportunities and say i will get out now and take advantage of these declines. we've got to be realistic about our expectations and the market is suggesting only good news. if it is bad news for jobs and good news for the stock market and at year end we see value stocks that are going to get crushed and the good news is those may look more attractive as interest rates moderate. there is a positive, the market expectations are lofty going into year end.
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stuart: always good having you. on the outside of the broadcast all this is happening with a backdrop of a war that shows no signs of ending. what we see going on in israel right now, no sure signs that this temporary sort of pause in the war is about to end. >> reporter: the latest hostage release between hamas and israel is now happening. there's a lot of questions about what's going on in the past and what is to come. after 16 hostages, the cease-fire extended, the red cross transferred to is real, to the gaza strip. israel says it expects additional hostages to be released in the coming hours.
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the two identified 21-year-old near shem, full of joy with the huge heart taken at a music festival and 40-year-old susanna, a lawyer who was kidnapped from a kibbutz near gaza. no word on whether any is really americans will be included in this transfer. last night we saw the release of a high school teacher and mother of three. her husband remains a prisoner. all this amid a terror attack at a bus stop in jerusalem, three were killed, half a dozen injured, two men armed with an m-16 automatic rifle and pistol opened fire, killed by off-duty soldiers had a civilian nearby, hamas claiming responsibility. the us is back in the region. antony blinken and prime minister netanyahu, wants to prolong the cease-fire.
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this caught my attention. the children's hospital taking care of many and freed hostages. surreal accounts coming about their time in captivity but also hailed their strength to overcome the horror. back to you. neil: you don't forget any of that. i want to go to kelly jane torrence. an op-ed editor, don't know if you had a chance to see the front page of the new york post. the front page reminding people about the bottom line. what happened last night is a reminder what could happen. these protests, pro-palestinian groups doing the same thing, similarly trying to ruin a tree lighting.
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they didn't and they didn't get close to that tree. they got close to our tree but kelly jane putting this in perspective. i am all for people. you can do this stuff and protest but there were kids out there waiting to see santa make an appearance. do they have to do this? >> people fly into this event. it is really stark the holiday season, the most iconic christmas tree in the country i would say. i'm a new yorker now. i left dc. neil: i tell people they are still down -- >> it is really unbelievable that they did this after ruining the macy's thanksgiving parade for a lot of children. they disrupted it for a while.
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on sixth avenue. what do they hope to accomplish with this? they are not convincing anyone of their cause by causing a ruckus and disturbing holiday events that are meant for children and families. someone held a nazi sign comparing the jewish army to the nazis. this is not going to convince anyone of their cause. they are doing this while hamas still holds american hostages. there's americans -- neil: you are right on all the above. that doesn't seem to register. you have a problem with israel's response, is it too much, i don't member them even after the october 7th attacks rallying around israel and the 1400 plus israelis and others who lost their lives. wiping the slate clean as if it never happened.
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>> a great point again. a lot of these protests started. that says it all. some people may be pro-palestinian but the great majority. neil: they didn't even hide that. i know you and i followed wars and protests but i wonder on a certain level, is hamas getting the better of this? you hear far more protests on the pro-palestinian side than the pro-israeli side. israel can't get slack. >> the city council had a meeting at which members were saying babies were not beheaded and women were not raped october 7th.
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i saw 45 minutes of hamas footage and can tell you those things did happen. the problem is hamas knows this and uses this pr strategy against israel. hamas uses human shields, they have their command center and they know israel will respond. neil: to give them time. the cover to rearm and regroup. >> i'm concerned the united states is putting pressure on his real to keep it going. they are using civilians as human shields. they are responsible for every civilian death in gaza. they don't think of what is going on. they just like to make noise and be disruptive.
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they've been ruining the holiday season in new york city. neil: that is the plan, to continue these activities throughout the season and going to spots where they come into the city. to radio city to stores that have the elaborate displays, just to make their presence known. >> let me commend the nypd for the tree lighting going ahead as planned. they are there for self-promotion. they want headlines, they want themselves in the news and it is working because it is a big story when you have protesters ruining some of the biggest events of the year for families in new york city. neil: scary stuff. good seeing you again. merry christmas. in the meantime you heard the sad news that henry kissinger is gone at 100 years old.
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neil: what do you think about this preemption? >> the tradition is you wait for an attack and that you respond to aggression. now we live in a world where the combination of privatized foreign policy by terror groups operated from state territory or weapons. neil: boisterous scenes of people waving and saluting american soldiers and coalition soldiers going by, dragging down statues of saddam hussein, how widespread, how prevailing is that opinion? >> people are probably relieved to have a dictator removed. the same time, a foreign occupation the matter how benevolent is always a problem. lauren: 20 do you think it is possible the intelligence was just all wrong and is still wrong and they keep surprising us?
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>> it is possible. i don't think anybody expected hezbollah could launch such a sustained attack on israel. neil: you arranged and scott richard nixon to go to china in 1972. would you have envisioned what you are seeing now? >> inconceivable. when i came to china there were no consumer goods. totally different society. a conflict should be avoided but not by making unilateral concessions. dialogue between the two sides would be extremely cheery for the whole world, the technology
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they have now achieved, confront each other in a showdown. neil: a lot of those interview started when he was only a kid in his 80s. an incredible life. >> the consummate statesman. the 56th secretary of state, respected men and the political world, and 12 presidents from jfk to joe biden the nexus of his power came under richard nixon. henry kissinger helped shape american foreign policy under nixon. he was awarded the nobel peace prize for negotiating the cease-fire agreement to end american involvement in vietnam, paved the way for president nixon to visit china and the normalization of chinese-american relations.
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he also assisted in the détente between the us and the soviet union. in may 7th, 1923, in germany to an orthodox jewish family. 1938 they fled to the united states as the nazis gained power and became an american citizen and also served in the u.s. army during world war ii. he has degrees at harvard and also taught there. in a statement president george bush set i've long admired a man who fled the nazis as a young boy from a jewish family, fought in the united states army when he became secretary of state. 's appointment as a former refugee said as much about his greatness as it did america's greatness. >> there is no country in the world where it is conceivable that a man of my origins would be standing here next to the president of the united states.
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>> he was keynote speaker in new york city last month saying in part societies do not grow by victories of one faction over another but by reconciliations. i was at that dinner and felt privileged to see and hear him. he is survived by his wife and two children three grandchildren. neil: we didn't get into the fun stuff of the ladies man he was. outstanding job, thank you very much. want to go to alan schwartz, author of henry kissinger, american power political, great to have you. we go back and forth on this. little things that interested me about doctor kissinger over the years. he had a very dry but key sense of humor and a good way of even marking himself and that kind of got through the extreme press coverage he would get,
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praising others condemn even now, rolling stone it others saying -- probably would have just snickered that off. >> he could get sensitive. the more aggressive attacks on him did bring out his defensiveness but he diffuse a lot of criticism with self-deprecating humor and he did have a sharp wit that he deployed both in negotiations and meetings. in that since this is one of the reasons he was able to maintain such good relations with a different political cast of characters over the years. he was one of the last figures representing a certain bipartisanship in american foreign policy and political life. neil: we don't appreciate that he was associated with republican presidents, he advised all presidents back to
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jfk in one way, shape or form. what can you tell us about that. >> kissinger always prided himself on the fact that he could be above politics. he wasn't completely. i make the case that he understood domestic politics was important in american policy and recognized the need to win election in 1972, these sorts of things. painted celebrate the idea as an immigrant and someone who loves america that he should be able to talk to all presidents and he did effectively help jimmy carter get the panama canal treaty past. he worked with ronald reagan about the soviet union and the middle east, george hw bush, bill clinton brought him in when they were dealing with issues on china. you think he had a belief in a presidency in american
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institutions that was quite powerful the transcended political parties. neil: very well put. his long history, the cycle we went through, getting president nixon to visit china, he set that up but recognized the potential force the china wasn't had a clear idea of the potential threat it could be. in his winding years, do you know where he thought that relationship would go, the taiwan situation, whether our two nations whatever come to blows? >> he worried about this a great deal, he talked about a new cold war, with china. this was a concern he had. back in the period when he was first setting up the relationship. he talked about the idea that we might have to balance against china with russia. that has not been the case but
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he worried a great deal but he also saw the potential on china, that the united states and china should be able to work together. the consequences of a war given the technological developments, the horrific possibilities of destruction the war would bring should be sobering for both sets of leaders, they should work out their differences. specifically on taiwan he recognized the idea that taiwan was part of china, both sides recognized this and he got to discourage any taiwanese independence groups but at the same time he also deeply encouraged chinese leaders to approach an invitation from peaceful means. i think kissinger was one of those who believed china might let our allies more economically developed on that and was proven wrong. neil: a more personal question about him.
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he lived to be a hundred years old. it wasn't as if he ate all the right things. he ate all the wrong things. there was one story about him that he loved to watch sports, he never participated in any and i am thinking that is not good and then thinking he lived to be 100. >> this is one of those cases you could talk about good genes. his parents lived into their 90s, his brother recently passed away, also lived to his 90s. he had quadruple heart surgery in the 1980s. this was often common, people were amazed he lived as long as he did given that surgery. he was also mentally always sharp, he was continuing to write books, he has two on his agenda, he talked to bloomberg news, he was writing two
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additional books. it is a case that might testify to the mind over matter in some ways in terms of his own physical constitution. liz: julie: hit on something, you have to be into all this stuff and engaged in exciting stuff in the world and you can eat anything you want. my quick read on it. an honor to have you on, thank you very much. we are following what's going on in these markets the last day of trading, running at a blistering pace, we will spell it all out for you. not necessarily stocks are the way to go. the company cofounder, what he makes of other alternatives. you know a couple of them after this. ♪
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neil: on the last trading day of the month, what stocks are doing, it is well over $2000. paving the way for this activity for some time earlier this year. probably one of the greatest folks i ever read not just because it dealt with your mindset and what you learn from parents and all that but great to have you. >> you and oprah winfrey promoted my book rich dad poor dad before i was famous. thank you, and thank you for allowing me back on to promote
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my unorthodox ideas like buying gold and silver. neil: it was a mindset. iconic book that recognizes one of the greatest business books of all time and it is cheapening it is a business books but let me get your take on this market. we will finish a strong november. maybe to a lesser extent silver. what do you make of it going into december next year? >> the biggest problem is one in the treasury and one at the fed, america is broke, we saw that in 1971. nixon took the dollar off the gold standard and this became
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trash and kept printing and printing and printing. look at history. every time they printed money the empire went down. i love america but america is in serious trouble. because of the debt level. neil: you've been worried about it. he's wrong on this. look at the fact the world -- all this debt, you say what? >> we are turning japanese and i am japanese so i can say that. i don't know how japan gets away with it. it is entertaining because in 1972 i was flying this thing, a gunship in vietnam and i flew behind enemy lines after the dollar was off the gold standard and paid $50 for it
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and today it is worth 2,000. every since then, i have been a gold not because this is fake money. this is fake. neil: a lot of people are afraid of investing in metals, don't want to to be the whole equation. i am curious in this environment where it looks like inflationary pressures are at least coming off they are, some people say it is one of the things that hurts gold. what do you say to that? >> i hate to say this but inflation is here to stay. incompetence is here to stay. unless we cut back on entitlements or the military which we won't do i would rather have this, gold, then this they can print. neil: what do you think of real
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estate? >> real estate is debt. that's the factor. most of my real estate is floating at 3%. floating 7 or 8 is tough. the worst part of it is our national debt. why don't we say that? we can't just print more money to pay it off and that's the problem. we solve our problems. we can't go on much longer. neil: great seeing you, and iconic book he wrote back then. you are what you learn. in the meantime, elon musk likes to use the f word. charlie gasparino is fond of using the same word, what he makes of this.
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and whether he regrets that are needs that. charlie gasparino. charles: i never use language like that. neil: okay. that is what i would say. you are bob iger, your company is being circled by culture investors because you are not performing, your stock is in the tank, people boycotting your movies. then all of a sudden media matters comes out and a weird report about if you did 10 minutes of research you would know is not true. it is true only if you manufacture, the report that said ads in disney is placed next to neo-nazi content, disney never complained, they would know if it was true. media matters manipulated the algorithm.
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neil: disney is following the conga line, on charges -- charles: he didn't make the remark. he did something stupid, should stay off twitter and didn't know, he was making a broader point of the progressive liberals including those in the adl, like black lives matter and anti-israel for years, saying you support those this is the end results. neil: let me ask about that. you don't want to put pressure on advertisers. charles: there's a bigger business story going on with x. they are moving away from advertising. they don't want to be beholden from the woke corporateism of disney, go down to comcast,
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down the line of their advertisers, they haven't pooled, they pause. the head of x, the ceo of x. neil: when you tweet are you xing? what are you doing? charles: i don't know. in any evil and she's very capable lad pairs and capable businessperson, very smart. they are looking to change the business model. we should point out, broadcasters that are controversial always sought advertising as a secondary way of making money if you want to the carriage fees. if someone says something a little but often they go nuts. that is where he is.
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you will see a different twitter x in the next six months in terms of a business model, the deemphasizes of this. they have a ceo who can't keep his mouth shut. it gets so nasty. go and -- adam: are sealed up. thank you very much. hillary vaughan following something else on capitol hill. social media with an agenda? say it is so? >> reporter: we obtained e-mails between google, youtube employees and bought white house officials show even youtube was not save from the white house's pressure campaign to push platforms to help them control the vaccine narrative online. efforts went beyond trying to prevent fake information from
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spreading but if it was anti-vax at all they wanted to take it down period. in one email we obtained the director of digital strategy asking about posts that claimed their algorithm was pushing anti-vax content next to breaking bad videos. they had a pretty extensive back and forth about the degree to which you are recommending anti-vaccination contents. you were emphatic that you are not, this seems to indicate that you are. what is going on here? this is the sweet the trigger the white house, examples of the anti-vax content include a video of senator rand paul from a senate hearing talking about covid vaccines and a vaccine debate with rfk junior. house judiciary committee chair issuing subpoena collapse, white house staff refused to talk to the committee about their engagement with tech companies.
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>> serving subpoenas, so far refused to sit for interviews despite being implicated, but we white house and tech companies. >> reporter: another e-mail, are youtube employee said they may blame the drop in covid demand on big tech e-mailing their team the role of tech in addressing vaccine hesitancy is about to come under a massive spotlight particularly as of the supply of the vaccine is set to outpace demand. are youtube spokesman says they apply their standards fairly. we receive input from governments around the world, we apply our policies independently, transparently and consistently regardless of the speaker or political views expressed. we reached out to the white house for comment and have not heard back yet. neil: in the meantime, we are going to monitor what is coming on "the big money show". brian brenberg. brian: the great red versus blue state debate. ron desantis will face gavin
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neil: aaron rogers has been practicing more. that is not counting on that. he's the fox news reporter who knows all things sports. the prospect of him coming in now with the jets, likely not going to make anything so why do that? >> aaron rogers will look at how his rehab continues. what this does is allows him to practice with the team and work
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his way up to him playing on christmas eve, that being said of the jets are not in contention, three tough games against the afc east, the houston texans very competitive. it wouldn't make any sense for aaron rodgers to get out there raining on the injured reserve in. neil: is turning 40? >> on saturday. neil: how does it work out next year? >> we saw tom brady. what is he doing? >> i think he's going to look at next year, to prove he can come back from this injury, look at aaron rogers, super bowl mvp accomplished a lot. he wants to show he can do it
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with the new york jets. he wants to show he's got it in the tank and can prove himself like he did for green bay. neil: it is extraordinary he can command, where is he going? >> that's the question. that's what it is looking like, when you consider, he won't be the sensation we always talk about. he is an unbelievable veteran. neil: if any of the teams -- you are the teams? >> absolutely. teams like the dodgers, padres, giants all come up because they have a affordability to make that happen. boston red sox talked about, they missed out on that in
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2017-18, trying to become that sensation and there's talk about signing a short-term deal with another team but that doesn't look is likely. it might be on more opportunity considering the fan base and a few more teams out west to make the deal happen. neil: what do you make of that? half $1 billion deal. >> if you look at the dodgers that might be who is eyeballing them for most. there's been talk, we may find out next week where this is so be prepared for showtime. neil: the dow up 250 points. if he needs it, just throwing it out.
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