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tv   Cavuto Coast to Coast  FOX Business  December 6, 2023 12:00pm-1:00pm EST

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question, how anybody would know this i can't imagine. what's the maximum depth of lake superior. you have the honor of always being first. ashley: not a clue. 1332, number 3. >> sure they number 4. stuart: mark tepper. >> 1266 is a nice number. stuart: you are all wrong. it is 1110 feet. number 3, it is the deepest of the great lakes. thanks for playing along. ashley, we will no doubt see you tomorrow. 10 seconds left before i pitch to coast-to-coast, any time now. coast to coast starts now.
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neil: frustrated homebuyers, your ship has come in. i'm not shipping. take a look, this is a 10 year note for mortgages. it is down right now to around 4.11%. remember october, it was 5%. that could translate to a 30 year fixed-rate mortgage of 6.5% which is down from the 7% we have been averaging. there are lots of reasons for this. traders generally loving this including ray wong talking about all things tech but this is not only magnificent for 7 stocks including magnificent for other stocks and has a spillover effect today. what do you think of this. that's the wind at the market's back, technology today. >> those numbers drive everything and the jobs rate.
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people waiting for the fed to pause and drop interest rates. neil: you suspect rates start, what do you think? >> the slowing increase in job rates, you saw the bond rate, bitcoin go up, those are in opposite directions. we 20 that is weird. >> the reason it's happening is interest rates, a lot of free money before and companies have to prove themselves. when driving earnings, we see the magnificent seven delivering double digit in this environment and at the same time, they showed a lot of profitability and people see that holding up. neil: we talk about big names. the magnificent number has gotten more magnificent. talking amazon and apple and google and meta-and microsoft, tesla, are they all going to be this magnificent?
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>> the book i wrote, everybody wants to rule the world, talking billions of users. neil: isn't that built into the prices? when they were getting bashed, good long-term debt, you stuck with that. when do you let go or do you? is it just something you put your faith in? >> these are slight flight to safety stocks and they are growth drivers. take amazon, some commerce and cloud, ads show up, the third-largest add market in terms of spend. apple pooled services marketplace, 25% of the revenue and with ai coming into place, that's the next big thing, as big as the internet. neil: the backdrop is the low
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interest rate, seems to be done with tightening. i understand how that's a catalyst for buying and the there are benefits to staying with the stock market but you do wonder about the bitcoin phenomenon and the possible playoff, people getting a little crazy. does this risk getting crazy? it has been one heck of a rally. >> i think the opportunity for a i will drive down cost and improve automation and give you efficiency. stuart: it represents the dow, the s&p, 2000 or 5000 because
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when you concentrate in a booming area like technology like osmosis it is a larger part disproportionately of your portfolio. >> berkshire another great one. these are companies more indicative of what wall street has. neil: what about politics right now, the president likely pitted against the same guy, how does that play into it? >> it is an election year, no idea what's going to happen. they are excellent for the markets. you will expect some volatility and prices come down, oil prices working hard to drive down interest rates, you see a lot of policies with growth in the election year. neil: was like seeing elvis.
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jackie heinrich at the white house, something we are expecting from the president to the get aid to ukraine, a devil of a time, jackie has a lot more. jackie: and unscheduled marks. and a fundraiser in massachusetts, the president said democracy would be on the ballot if trump were to win a second term, close to win a second term, he also called trump's presidency his motivation for running in 2,020. this remark was the first indication biden's 2,024 candidacy could be in question based on the republican field. of trump wasn't running, not sure i would be running but we
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cannot let him win for the sake of the country. that got a lot of reaction including from donald trump at a fox news town hall with sean hannity. >> he said this. if trump wasn't running, i am not sure i would be running, he said at a campaign event today. how do you react to that? >> i think somebody gave him a talking point they thought might sound good. >> reporter: someone likely told the president's that line was getting some attention so he clarified to reporters back at the white house late last night. >> will you be running for president if trump wasn't running? >> president biden: i expect so, but he is running at i have to run. >> what about now? >> president biden: not now. >> reporter: the president is turning focus away from 2,024 to the push to secure more ukraine funding before the end of this month. the pentagon is echoing warnings that congress must
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pass the president's $106 billion request to fund ukraine, or its military would be kneecaps on the battlefield. vladimir putin -- lawmakers looked no closer to meeting gop demands for sweeping immigration reforms to clinch a deal. causing republicans to walk out of classified senate briefing. republican supportive of ukraine aid say they won't signed on to a bill that can't also pass the house's then met republican majority in the house gop is not giving up its upper hand that they want to used to force these reforms. senate democrats calling on the president to bring this negotiation to the white house because there is no clear path to a resolution in the halls of congress. looks like step one will be hearing from the president from the roosevelt room shortly here. neil: we have a lot of breaking news but because the president will be talking about providing
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aid to ukraine, he's running into a buzz saw of criticism with many in his party and overwhelmingly republicans the way he is going about it. republicans are trying to tie the border security to this. i want to kick off with lee carter, crystal night with us, democratic strategists, thank you for indulging this breaking news. the president is facing opposition ironically on a tough policy by republicans which is sort of like upside down. it is a weird position for president urging continued support and funding for ukraine at a time when republicans especially in the house are backing away from that. what do you think? can you hear us? of course not. i want to go to crystal night. i apologize for that. the same question. it is upside down. what do you think? >> the president is trying his
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best to have support for our allies. he pledged support for additional aid to ukraine. this is something he has to work to make sure they actually contain funding. just because you wants funding to continue doesn't mean congressional leaders have the opportunity to do it without their own interparty approval so that is just something i think the president has to continue to do but obviously republicans have already shown that they are tired of funding to a number of other financial priorities so the question is do their priorities align with the president's priorities in order to make sure this specific, strong ally of ours does not lose this fight with russia. neil: it is unusual for a democratic president, to be
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challenged on aid for ukraine like republicans. it's not universal but he has a tough job. what do you make of it? >> really tough selling job and there is no motivation it seems on the republican side to compromise without getting a little bit on what they want. i don't envy biden's position. he is not wrong to be nervous right now. neil: i want to touch on the statement, donald trump, i had to run, i might not be considering this if it were not the case. do you believe that? >> it was unfortunate statement. when he talked about donald trump being the motivation, a different framing than saying if he weren't running, i wouldn't be doing this, sound like the messaging that you are ready to hang up your cleats and that is not something you should be saying when so many are concerned about his age and mental acuity. it was a big mistake and he's
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trying to backpedal, you see a lot of people trying to fix it. not a good message. neil: looking at the calendar it's too late to change horses. the president said what he said and some people interpreted it a number of different ways. we avoided this, he would get the nomination, could get the nomination, he could have stepped aside for someone else, presumably, harris -- kamala harris, but your thoughts. >> i agree with lee that this wasn't the best message the president stated last night. but it is too late. the campaign has kicked off and the president has been clear that he wants to defeat trump and it is clear that he will be the nominee. right now we have to, donald trump is running and president biden is the democratic nominee. we have to take it down the path with him. neil: i apologize for the audio issues. waiting to hear from the
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president on his aid, a package, the devil is in the details, what the president wants to do is make a clean aid package for ukraine addressing funding for israel later on. they are trying to tie that to immigration reform but more importantly toughening things on the border particularly the wall and that is a nonstarter. chuck schumer in the senate saying it's an excuse because republicans aren't keen on aiding ukraine. the back-and-forth and name-calling goes on. the president will speak shortly. we have a lot more.
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neil: we are waiting to hear from the president, this has to do with his efforts to make sure ukraine gets more aid. 175 million now, facing opposition by republicans in this internet it will fill to the house and they will tie that to getting tough on the border so that is the back and forth so we will hear, they are open to doing this but have to
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bundle it all together. now to southern israel, you've been hearing about this rapidly advancing deep war gripping much of gaza because it includes all the gaza. tray angst is in israel what the latest. >> reporter: betterment -- benjamin netanyahu says the man in control of the gaza strip, his house is surrounded according to the prime minister, we know israeli forces have ramped up their strikes on gaza which they hit 250 targets over the past 24 hours. the israelis are going after weapons, explosives and tell-all shafts trying to destroy as much as possible. we know they are targeted the launching sites for the rockets responsible for barrage targeting tel aviv, the death toll continues to rise, israeli strike, multiple palestinians. in this aftermath video you can
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see how destroyed these neighborhood blocks are. the is -- israel is gathering intelligence on hostages held inside gaza. we spoke with a man whose two sisters are back in israel after being held for hamas for 50 days. he discussed the psychological terror that they faced. >> they heard the bombings. that was part of their concerns about the fact that they were forgotten because of hamas, they are saying they are going to threaten gaza. they don't care about anyone. they don't care about you. they will probably kill you in one of their bombings. >> reporter: more and's brother in law is being held inside gaza. his family won't be whole until that man comes home. neil: stay safe.
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i want to go to dan hoffman, the station chief in moscow, fox news contributor. i'll ways think of the families and friends of those remaining 136 hostages and the war has accelerated. there is very little chance benjamin netanyahu will entertain a pause, nor should he. hamas takes advantage of such things. what happens? >> israel is bouncing a full-court press with the assistance of the intelligence community to find and fix where hostages are being held and many of them are being held not just by hamas but by other splinter groups, palestinian islamic jihad who have no intention of giving them up and to some extent it is looking for a needle in a stack of needles, extraordinarily difficult, hundreds of thousands of civilians packed into a 90 mi.
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enclave in gaza strip and tens of thousands of these hamas terrorists embedded in those, with those civilians. very difficult military and intelligence challenge. neil: knowing your global expertise on conflict everywhere it has been a good time for awful forces if you think of hamas and vladimir putin getting a chance to sit down with the saudi crown prince, they can work together and thank you for the invitation. there were changes to our plans, making light of instructions for the ukrainian war. what do you make for the time being of that? >> on the surface it looks a little like that. vladimir putin welcomes the opportunity, any opportunity he can get where he doesn't look like the international pariah
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that he is but underneath the surface there's a little bit of acrimony between saudi arabia and russia. the russians are trying to pump out as much oil as they can especially to china because they rely on that. of third of their budget is coming from their hydrocarbon exports to china and the saudi's are the ultimate swing producer, they want stable oil produced -- they want to cut production by million barrels a day in the biden administration released 200 million barrels from our own strategic reserve. we want lower prices. there may be tough negotiations. the russians are using a lot of clandestine shipping together oil out around the world. liz: they do manage to get around. millions of dollars would be wiped off their financial map. quite the opposite. what happened? >> many were saying included on this network the threat of
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sanctions would never deter vladimir putin from logic and attack on ukraine and it would be difficult to enforce those sanctions against russia. i was one of them. as an axis of tier any with china, north korea and iran, giving russia what they need, export market for oil and artillery from north korea, drones from iran and russia trading in intelligence, they are going to send air defense to hezbollah, so that's one of the unexpected dramatic results of those barbaric russian war in ukraine, the growing alliance among those nations that represents a new and more perilous threat to us national security. neil: if you will indulge me, one idea that's been talked about with iran provocation in the region is we go further than striking through intermediaries as we did when
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we did go after northern iraqi, to iran itself, there are huge dangers in that but do you think iran continues to do this because it knows we are reluctant to take it to that level? >> iran absolutely knows what our red lines are and they know them because we been at this for 20 years, one of the most frustrating periods of my cia career was when i was serving in iraq and uranian proxy militias and terrorists were launching rocket attacks against us, killing us serviceman and women targeting our embassy in cia bases as well and never took the fight to iran, we've never known escalation dominance. when you put people in harm's way, we got to do what we can to defend them and we are not. if we talk to general keane he will tell you we need to own
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deterrence against iran. we need to do more. neil: always good chatting with you. still waiting for the president on aid to ukraine hanging in the balance. a lot of political back and forth, won't be solved anytime soon. separately we are watching the elements in this yuletide season, raise your eyebrow, what do i just here? in california the lighting of the capitol christmas tree being held off as they flip the switch, not sure i understand why but alvina king is upset and here to tell us how upset. ♪ ♪ ♪
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neil: outside our beautiful studios in midtown manhattan. i like it better than rockefeller center. it is inviting. what do you think? i like that technical description. it's the best. the reason we are talking about that. a lot of people think gavin newsom, the california governor, is pulling a little grinch because he's not holding up public capitol christmas tree lighting because of the protests going on in california. the unfortunate number of them,
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a lot of them of the pro-palestinian variety. is going to make this an automatic thing, no public tree lighting, do it from the switch in the governor's mansion or however they do that. alveeta king, the niece of doctor martin luther king, always an honor to have you. what do you think of this? no christmas tree lighting because we don't want to mess with possible protests. >> let me say merry christmas and if the governor hears that, he will probably go into a panic and he is being a grinch. he is mr. grinch governor in that merry christmas, we have our traditions, we have our christmas trees and that is okay. if he is in abject fear and terror of protesters or if you wants to have crazy compassion and respect, he doesn't think which protesters or what protesters so you throw out a
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whole tradition that impacts the economy as well because of people are sad or afraid, they don't want to do their christmas shopping, not that i'm saying we should just be so concerned about buying presents but the spirit of love and compassion is connected to it. so he is being a grinch. makes no sense to me. neil: looking at average joe's from last year, he is concerned, look what is happening in new york, the rockefeller center christmas tree, it led to a raucous affair, obviously disrupted somewhat the lighting but kids enjoyed the big events so people got through this and dealt with this, not happily but to avoid that or to try to get away from that for fear of something like that, don't you more or less give into the hate?
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>> when you kick faith, hope and love out the door and take prayer out of schools and 63, all the things we have done, that is the course of fear and death and rage and anger and it can't be answered to. the only answer, you've heard me say this many times, from daddy king, martin luther king jr. it has to be hope and love. if you tear down real traditions, not just a christmas tree but america's real traditions of faith, charity, generosity, morals and values, you are going to have all the protests and everything and don't tell me it has to do with poverty. if people weren't poor they wouldn't be acting this way. i'm 73 years old and lived in lean times and generous times but it is not poverty that
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makes us evil, hateful, and fearful, he is saying there may be some protests and people might be upset, there's no christmas tree. you take away the tree, you're saying no christmas, you take away jesus christ and the story of christ, the truth of christ, there is no christmas, so that is absolutely what he is saying and people rolling over and accepting it. neil: rudolph the rednosed reindeer when santa wanted to cancel christmas because of snow and ice that was a separate issue. somebody told me it was not presented the way it should have been. in your wonderful family, those of all political views, one of the things i find uplifting about your family, you in particular is those are all put aside to. you get together and have a wonderful holiday, not throwing food at each other, you have
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your disagreements, that's the way it should be all the time. not just the holidays. >> my own family and my extended family we do not argue and fight and debate on politics. don't let politics divide you. i was with a group of women yesterday called she leads, we have different political views, different skin color, different philosophies, and different shoe sizes, but we did not fight, we did not argue, we were able to find a conversation and an opportunity to celebrate faith, to celebrate hope, to celebrate love. when we do this we don't have to be afraid. neil: always enjoy talking to you and so do our viewers. merry christmas to you.
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get rid of the ev mandate a lot of states in california and illinois and a host of others in the next few years, that will be the only option, that would be a mistake, let the market decide. ray wong with us. you are a big believer in that technology, you were a big early enthusiast of tesla. >> the challenge since 2012, in november, the economic impact is the issue, funding china on the back of this and hybrids are the best way to go. not a 20 or time from but a 40-year hive -- timeframe. neil: to have the battery component you get a little of both and gives you an edge. >> what is important to know. neil: toyota likes that. >> that's how to bridge the gap. they are still very expensive.
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subsidies are helping the chinese and costing the american taxpayer a lot of money. neil: if they are really good they will solve themselves and eventually they will sell themselves but we are not in a position to force them. >> tesla has to show, they've got manufacturing to automation so low they are their margins are higher, forward might be losing $4,000 a vehicle, tesla is making $8000 a vehicle and that's the difference. how can we use the materials like lithium, who don't like us, rare earth -- neil: why did we go into this full throttle knowing china ruled the rare earth world, that we are going to dominate the market we needed to get the stuff? >> they are right. don't know if the foreign policy considerations made
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domestic policy and the third thing, we can get the cost of evs down and tesla shows that, the battery plants, rebuilding that scale. neil: i think they are great cars, beautiful cars but the technology is impressive. they've got to get more range. we need more power stations, lighter batteries. they have to come up with that to swap a battery but you can't force that. >> can't force that. the market has to be ready. we don't want solyndra activity and that's the kind of issue. neil: great seeing you again. hillary vaughan, big bankers are giving the lay of the land and how things are looking with congress.
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>> reporter: we seen some ceos coming out but one thing did happen during the hearing. there's been a lot of discussion about basal 3 end game that would raise capital requirements for these institutions but these ceos our raise their hands when asked if raising capital requirements would impact first-time homebuyers, people saving for retirement. a collapse of silicon valley bank earlier this year raised attention to the possible need for more regulations. democrats have been championing increasing capital requirements but bank of america's ceo says basal 3 would not have prevented that call's from happening. wall street leaders, from republican from ohio, senator francis called them for meddling in politics from releasing statements about the georgia voter id law or making net 0 climate pledges. >> whether we achieve net 0 and
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when we achieve net 0 is a debate free elected representatives and the american people. if you guys use the financial power you've accumulated to go to war against the values of our voters, impoverished constituency rely on cheap energy and destroy the jobs of people who work in the energy sector, why should we listen to you when you come and the ask us for a tax break or reasonable regulations? >> last time we had this big paddle call of bank ceos the big conversation was about rising inflation at how to combat it but inflation was not the big topic of conversation. neil: president biden in the middle of the funding fight for ukraine. >> president biden: we provided them together our partners and allies, meeting with the g7 was one of the issues we discussed,
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all the european leaders, prepared to stay with ukraine, and our european friends are as well. who in the united states is prepared to walk away from that. i'm not prepared to walk away and i don't think the american people are either. if putin takes ukraine he won't stop there. it's important to see the long run. he will keep going. he made that pretty clear. putin at tax a nato ally if he keeps going, and attacks on nato ally, we committed as a nato member to defend every inch of nato territory, then we will have something that we don't seek and don't have today. american troops fighting russian troops. american troops fighting russian troops if he other parts of nato. make no mistake. today's vote will be long remembered in history will judge harshly those who turn their back on freedom's cause.
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we can't let putin win. we can't let putin win. it is in our overwhelming interest. any disruption in our ability to supply ukraine strengthens putin's position. we've run out of money to do that in terms of authorization. extreme republicans are playing chicken with our national security. holding ukraine's funding hostage due to extreme border policies. let me be clear. we need real solutions. i support real solutions at the border, i put forward a comprehensive plan when i came into office. i made it clear we need congress to make changes to fix a broken immigration system, because we know, we all know it is broken. i'm willing to do significantly more. but in terms of changes in policy and providing resources we need at the border, i'm willing to change policy as well.
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i've asked for billions of dollars for more border agents come more immigration judges, more asylum judges. republicans have to decide if they want a political issue or a solution to the border. they cannot be sustained as it is now. we need a real solution. my team has been engaged in negotiations with senate democrats and republicans on border security. will democrats have put forward a bipartisan compromise on the table. leader schumer and senate democrats offered to let republicans propose amendments but republicans rejected it and want to introduce the proposal, we are not going -- democrats a you can amend it any way you want, we don't want to do that. this has to be a negotiation. republicans think they get anything they want without any bipartisan compromise. that's not the answer. that's not the answer.
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now they are willing to literally kneecap ukraine on the battlefield and damage our national security in the process. i know we have our divisions. let's get past them. this is critical. petty partisan politics can't get in the way of our responsibility as leading nation in the world. and the entire world is watching. the entire world is watching the. what will the united states do? think if we don't support ukraine. what is the rest of the world going to do? what is japan going to do, what is going to happen in terms of the g7? what's going to happen in terms of our nato allies? what are they going to do? we walk away now, it will only embolden other aggressors which i'm calling on congress to do something and do the right thing, to stand against the
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tear any of vladimir putin, stand for freedom, stand up for freedom. let's get this done. the reason putin has not overrun ukraine, we will beyond that. you heard me talk about it before. we walk away, how many of our european friends will continue to fight and what dates will they continue to fund it, this is too serious. i am willing to make significant compromises on the border. we need to fix the broken border system. it is broken. so far i've gotten no response. i will vote a little later today on where we go from here but i want to make this comment before the vote and i want to talk to you after the vote. thank you for listening. appreciate it. >> would you be okay with democrats willing to do more on border policy to get the current package through? >> yes.
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>> would be okay with democrats agreeing? >> i already laid out in our negotiations what we are willing to do. significantly more. particularly clipping border capacitor at a from judges to more border security before making substantive changes. but they are unwilling to do it. i really thought i felt good for a while that we are making real progress. it looked like he was prepared to move in a direction to come up with a compromise changing substance, changing policy on the border as security at the border but they walked away. it is take everything we have here, one proposal which is extreme or nothing and in the meantime, nothing means we don't get any support for our friends and innocent people of ukraine. i will talk to you more
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afterward. >> on china, there's polling by the associated press showing 70% of americans including 40% democrats believe you acted illegally or unethically in regard to your family's business interests. can you explain to americans that this patient inquiry, why you interacted with so many of your son and brother's business associates? >> i'm not going to comment, i did not. it's a bunch of lies. they are lies. >> the business associates -- >> i did not, those are lies. >> do you think there are any democrats who can be donald trump other than you? >> probably 50 of them. i am not the only one but i will defeat him. >> wealthy you think could defeat donald trump? neil: he got a lot in including
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his business dealings but this was to say congress needs to pass the supplemental funding bill for ukraine before the holiday recess, they are far apart on that. rob whitman, house armed services committee vice chair kind enough to join us. thank you for your patience. i want your take on what the president is saying. you are trying to lump a lot of stuff together and it means this is imperiled. what do you think? >> we need to help ukraine fight against the unprovoked attack by vladimir putin but border security is national security, we have to get those things done too. if you talk to folks across the nation they are concerned about what is happening at the border, deeply concerned about the national security implications, the director of the fbi talking about the security status we are in because of that. that has to get done.
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republicans in the house put forward a responsible border security package that i think does the right things. the president has been unwilling to accept that. this has been a failure of leadership on his part and secretary mayorkas's part for the last three years. we see this is something that has to be addressed. we can do both. the president is unwilling to move. senator schumer is unwilling to move on this issue. it is time we get this done. the nation needs its border secured and we can do both. neil: many of your colleagues, the border security issue notwithstanding, you're right that the president doesn't want them paired, so here disagrees there, but so many members aren't keen on ukraine aid at all, good money after bad, no way to keep track of it, we've got problems aplenty in this country including what's
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happening at the border, use the money for that and cool it on ukraine. what do you think? >> we do need to support ukraine in their efforts to push back against the attack by putin. there are things that have to be part of this. i have a bill that would require the inspector general to make sure the dollars spent on ukraine have full transparency and accountability. i want to make sure there's a plan. we need to have a strategy going forward, this should not be a blank check. i think the american people agree with of that. those provisions have to be in any relevant issue suppressed with ukraine funding. neil: if you don't mind going into more political issues kevin mccarthy, former speaker, indicated he will be stepping down from his congressional seat on top of george santos recently getting kicked out. the republican -- it could be down to a few vote edge. are you worried about that?
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>> it certainly makes the math more challenging. we have to understand there are things that we across the spectrum agree on. let's get those things done and i believe our conference can do that. it makes it more challenging with the math but shouldn't in any way, shape, or form, doll our resolve to get the nation's business done. liz: does that include a vote on impeachment inquiry? that that's not a distraction, something you feel should be done? >> they have done a lot of work in discovering information, chairman comber and jordan, they deserve to have that information to determine should we take the next step in the impeachment inquiry, it only says we will do more investigation into those issues. anybody that looks at that objectively says we are to ask the questions. the house has a constitutional responsibly to ask those
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questions. neil: i threw a lot at you, thank you. we will have more after this. the dow is down 10. kevin! kevin? kevin? ooh, nice. kevin, where are you? kevin?!?!?.... hey, what's going on? i'm right here! i was busy cashbacking for the holidays with chase freedom unlimited. i'm gonna cashback on a gingerbread house! oooh, it's got little people inside! and a snowglobe. oh, i wished i lived in there. you know i can't believe you lost another kevin. it's a holiday tradition! that it is! earn big time with chase freedom unlimited. how do you cashback? chase. make more of what's yours.
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