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tv   Cavuto Coast to Coast  FOX Business  September 30, 2024 12:00pm-1:00pm EDT

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providence rhode island. stuart: he said that because you're a female and you go to malls. lauren: i'm a better online shopper these days very good shopper here, and i think ashley is right. i think it's number one, providence rhode island. stuart: and not to get out of line here but i'm going with scranton, pennsylvania, but the answer is wouldn't you know it? providence rhode island. the westminster arcade is located downtown and we've it or not it was built in 1828. this goes back a long way doesn't it? all right folks we're out of time. ashley, lauren, great stuff today. i know we'll see you both again tomorrow. that's it for "varney" & company. but if you stay tuned if you just sit there for just a few more seconds, you're going to have neil cavuto miraculously appear with all kinds of news including market and politics, neil?
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i can hear it now. click, click, click. we are following the aftermath of this devastating storm. it hit florida as a category storm ever so briefly. as she moved north the damage in her wake is stunning. at least 30 dead there. this piled on with flooding on top of flooding on top of even more flooding. we should also point out that there are flash flood alert throughout north carolina and south carolina. three others could follow. this just seems to get more and more murky. a good part of the tar heel state. that is accounting for a lot of people that may be officially dubbed missing. you cannot get through to them nor they ignore us. let's get the latest on all of
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this in atlanta. >> when you look at what is going on, communities like asheville, the lack of self-service, so many towers knocked out of service. the lack of communication is a huge problem in trying to account for these missing people 600 people remain unaccounted for statewide in north carolina. in many cases it is just loved ones, not being able to call loved ones to check on them. more than 1 million customers lost power during the peak of the storm. midday today wrote -- utility crews have restored power to half a million customers according to the tracking service power outage .us. they caught the moment a bridge collapsed into raging flood waters in greene county, tennessee. some roads and highways near the tennessee north carolina line will take months to repair. helene made landfall as a
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category four hurricane in florida's remote big bend region devastating the small community of cedar key. >> this recovery will be measured in years and years, not months. i suspect we will see a mass exodus from the island. we will find out who really loves cedar key, friends. it is unbelievable. >> helene powerful storm surge affected major population centers far to the south of di including the tampa bay area. many coastal residents now the heartbreaking task of removing waterlogged furniture from low-lying homes flooded during the storm. president biden says he intends to visit a stormed damage area person as soon as it will not be a disruption to the emergency response. >> i told the governor of north
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carolina i expect to be down there by wednesday or thursday. >> this afternoon, former president trump plans to visit the community in georgia, the southern part of the state. also hard-hit by the storm according to his campaign mr. trump will receive a briefing on the storm damage and also facilitate the distribution of relief supplies. >> thank you for that update. very pivotal to get help to people especially when you don't know where they are. they cannot reach you and you cannot reach them. a very good example of private sector trying to do anything in its power to try to help folks out. you are doing the lords work. maybe you can tell us what this is all about and what you've discovered. >> we have discovered that this is such a widespread disaster. we have multiple locations already set out to put meals out
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we put out over 20,000 meals so far. we will do that so far today between two locations out of tallahassee we are servicing the big bend area. out of pinellas park, we are servicing around greater tampa bay saint pete area as well and today we are setting up a location in augustine georgia area as we continue to move north we are looking at tennessee and north carolina. this is a historic disaster. i think this will go down as one of the biggest things we have seen and i don't know how many years. >> you know better than i. a lot of people just simply cannot leave their homes. parts of south carolina, north carolina. how do people find out about you smell the cooking there and want to get to that.
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>> the best way is social media. facebook, instagram whatnot. where we are going to be. where individual meals can be picked up. we are trying to get into these communities. where there has been a large number of people impacted or large part of the community impacted. it is a pretty small town, but that whole town is underwater. it was underwater. it is bad. i was there yesterday. as you move across. we also have a bulk meal pickup service where organizations looking at taking food out to different parts of the regions can call a food hotline number and that number is also posted on our social media. we try to keep those things top of our social media on a daily basis to let everyone know where
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they can go. >> i am curious. you have no problem as this has got bigger and bigger to participate in this. it is a lot of work getting a lot of food together for a lot of people. how do you do that? >> there is a lot of coordination. we also have some amazing sponsors out there that make sure that they help us in preparation for this. when it is goat time, we are able to roll in with this kind of meat product and sides to be able to put together a good comforting meal. >> keep us posted. trying to do the lords work in an area that looks like anything but heaven. we are keeping on top of that. the storm surge about to be much bigger issue.
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don't say stephen morgan did not warn you about. the fox weather meteorologist. flooding a big issue. these 2-foot surges. continuing to go up the southeast coast. to a degree historically we have not seen in quite some time. what happened. >> it is true. it was the size of helene. how much real estate it took up in the gulf of mexico where we had tropical storm force went extending from the center more than 400 miles out. i am not saying here we go again that is not the scenario we are painting. the same area where we saw this we have another area we are watching. the national hurricane center paying attention to that. this hurricane season advertises a pretty active season. this has the look of marvin august september basin.
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we are on our final day of september headed into october. two main storms now. kirk has achieved tropical storm status. it should stay out to see which is good and we often see that this time of year. it is expected to curb north. not be of any impact. five hurricanes making landfall. for in the gulf of mexico. we have ernesto over bermuda, if you remember that. back to the area of interest in the western caribbean. this is where helene had it start. the broad circulation that we see over central america this time of year provide some much-needed rain. a look at what might have happened.
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now that they give these outlooks for seven days and not justified. we have seen this from the nh c. timing is going to be a challenge. it may take its time developing. it will be delayed perhaps. it is something to watch. bottom line areas. looks like we will see some heavy rain this weekend. >> just amazing. stephen morgan fox weather meteorologist. another economic storm that could be brewing as 45,000 doc workers expected to walk off the job at midnight tonight. how likely that is and what the impact is. what are you hearing? >> we have some late developing information for you after weeks of an impasse. no talks between the workers and the employers. we are hearing from choices
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talking to foxbusiness that just today the employers represented by the u.s. alliance just made a counter offer to the union. we are also hearing that the union call with labor secretary julie hsu. we understand that the call just concluded. we do not know the exact details of what was in that counteroffer conveyed today. until now, the employers were offering somewhere in the neighborhood of a 32% wage increase i can also tell you until now that the union was reportedly demanding a 77% wage hike. the union also wanted increase protections from automation. issuing a new statement today within the last hour writing this. the u.s. maritime alliance want to make the billion dollar profit at united states courts and off the backs of american ila longshore workers and take those earnings out of this country and into the pockets of
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foreign conglomerates. meanwhile, dedicating longshore workers continuing to be crippled by inflation due to the u.s. maritime alliance unfair wage practices. we are just about 12 hours away from a potential strike. we just heard from new york governor kathy hoke. she provided an update. the state is working alongside new jersey and dhs to make sure that they are ready for a strike she does not expect an immediate impact like foods. the state stands ready to open up stock piles of medical supplies of that becomes necessary. there could be some products that you would immediately see them impact. expecting to buy a new car at a dealership this week, you may want to reach out to see if that will be available.
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>> we do anticipate that a significant number of containers will remain stored at the port. close to 100,000. there are inbound ships to the poor. we anticipate 35 arriving at the port over the next week. >> we do see other interesting developments here at the port. that is a specific terminal. it is putting out an update that is closing early today at 2:00 p.m. due to "unforeseen operational circumstances". we are not sure quite what that is. it is interesting that it is coming as its impending strike set to kick off 12 hours time from now. neil, we are on top of it. we will bring you the latest. >> by the way, before we get to the next guest, this has proven an opportunity for some of us. the port strike could be good to
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the likes of ups and fedex and a number of other carriers as they see themselves as becoming the alternative of something happening at our ports. by the thousands of ports across the united states it goes on. there are a lot of goods in there. if they have a strike you cannot get them out of there. a mad -- to try to do that. the port of los angeles executive director. good to have you. what are the odds that at midnight these workers go on strike? >> good afternoon, neil. i will not dismiss anything. the details of which have played out broadly for weeks now. what i do know is that very few people when when it comes to situations like this. these workers have to get paid, they have to continue to reinvest and bring cargo which
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creates jobs from maine to texas for this great union and their employers association. we are up 17% year on year. they have fractionally shifted cargo our way. we've had a strong peak season. we conclude q3. it will be our best on record. >> if they do strike, it would be far and wide. do you see a scenario like that? we are on the doorstep of the retail holiday season. they had the wherewithal to advance cargo. bring it in through other ports. get their inventory set up. it is a small to medium-size business. typically, they run the last few weeks to make payroll
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well said. we hope cooler, had prevail they reach an agreement. so far that does not look good there are some promising developments. we will keep you posted. in the meantime michael hathaway around the world between lebanon and israel we are getting worried that israel has been on mapping troops at the border and were getting word live aftermath is that israeli strike into something but i chose what looked like a word gone in this extended potential •-ellipsis, had the last elite needed other terrorist were a part of the organization what everyone can call it israeli hater hiding out entitled by the israeli are saying they know each and every single one of them is after this.
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the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title. >> we've been telling you about this supposedly ground incursion on the israeli soldiers and now flocking into the lebanese side of the border with israel, that
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does not mean an attack is imminent but in the eyes of many of the united states it sounds like one could be another clarification that were getting from the pentagon and this was saturday when we were covering this on the we can show it now says that israel did indeed give the u.s. notice but did not coordinate the yemen strike and other cities with the united states whether we participated in that it's very clear from lloyd austin that we did not it seems like the white house was caught off guard by the israeli strike that ultimately took out the terrorist leader the fact of the matter is although he is dead and seven of his accomplices are dead, if you're keeping track that's better than taking on airstrikes in the last couple of weeks, the very latest from nate foy in tel aviv israel
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schema good afternoon the big breaking news as senior u.s. official tells fox news that a ground incursion is imminent and southern lebanon and it will be smaller in scale and quicker in 2062nd lebanon war in 34 days and it resulted in a un resolution that required hezbollah to operate north of the pattani river and that is something that didn't happen in practice which is been a big problem since october 8 when has blest started launching on israel and back in december when i was in northern israel if you go up to the border you can see the villages and southern lebanon where hezbollah terrorists come up to the border and they launch antitank missiles and rpg's and that's a threat to the people that live in northern israel that's why 60000 people have evacuated at this point that is the stated goal of israel with the limited ground offense have and with the
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pacing, it is supposed to continue to be quick israel has ramped up the attacks you think 12 days ago that was when the pager attacks happen to the next day the walkie-talkies and since then israel has been systematically taking out hezbollah's leadership and weapons capabilities meaning now would be a pretty good time tactically to be the strategy as they take fire from several fronts, they put these launched twice at tel aviv, to the salt onto missiles in the past five days and yesterday israel hit a yemeni port to target a port that they who these used to receive weapons from iran and we continue waiting on iran's response for the assassination of hess on this rela and obey reuel strike entered airstrike last friday that lead has
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entered has below for 32 years d the standoff has really been culminating and now israel appears ready to take that next step into southern lebanon, israeli prime minister benjamin got yahoo spoke earlier directly to the iranian people telling them that the regime in iran needs to change and peace is coming soon for the middle east listen to prime minister benjamin got yahoo earlier statement with every passing moment the regime is bringing you the noble persian people closer to the abyss the vast majority of iranians know the regime does not care about them. where we stand right now we are watching the northern border prime minister benjamin netanyahu will receive a briefing at seven in the war cabinet will meet a half an hour after that we will send it back to you. neil please be safe, i would go
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to general david with us the gender of the u.s. air force deputy chief of staff for intelligence and much more, what you make of what you just heard from nate that they're poised or we could be seeing the israelis poised to invade southern lebanon. >> at some point a grounding is an obvious element of the israeli defense force strategy in their chief of staff that as much last week that should be no surprise, this move on clearing out militant infrastructure along the border to remove the threat to northern israeli communities. i think you mentioned before this is an element of their strategy to get has below forces north of the pattani river which is required by un security council resolution 1701 but it
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was never enforced by the lebanese government or the un. what i think you're going to see is israeli defense forces using its air force to exhaust hezbollah to the greatest extent possible prior to ground operations but eventually they're going to move in because they want to be able to move the 70000 israeli citizens back into their homes back in northern israel. neil what happens to these operatives in hiding right now in this red force which is in the lease force therein hiding from what we understand in these tunnels the network of tunnels, when as sandoval i was taken out i suspect they know exactly where these guys are. >> i think you're exactly right as some of your guests have
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mentioned, earlier today and over the weekend the israeli defense forces really have mastered or let me suggest have accurate means of determining the hezbollah leadership and they will continue to eliminate those key leaders is a critical part of their strategy to reduce the capacity and the capability of has blood to continue its aggression. i think the other part of this was is extraordinarily important to recognize is after the israeli defense forces eliminated hezbollah leadership, good portion of their lead leadership, there is some stragglers hanging on. iran's mullahs are on notice of what might happen to them, the bigger part is i ran with behind all of the splinter group or
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supporting group actions. while iran might talk a big game in terms of retribution, israeli sections may in fact have a deterrent effect on iranian. >> you can tell a good many of them are keeping their cards close to their best they hear more of their colleagues disappearing from this planet, thank you again for your service to this country. in the meantime i want to update you on now tropical storm helene doing an incredible damage amount of damage that is produced rain emergencies already virtually western a good number of universities and schools remain closed in that neck of the woods. this extensive region that involves better than 45 million americans and now we have confirmation that the death toll has passed 120, stay with us.
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back when we first heard of howling target in the golf very few thought it would be north carolina that would become the most hard-hit of all the towns and municipalities by the storm more than a third of the lives lost in this hurricane now it's a hurricane in a tropical storm surge alike which we have exceeded quite some time
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were in this community and a good amount of people thought of power in a way to communicate with loved ones are rescue workers and where they are robert ray has more from asheville now. we met good afternoon from a decimated great american city asheville north carolina, that total number continues to rise 120 across multiple states and to put that into perspective i started reporting at about 5:00 a.m. eastern time and we were sitting at 98 people who had lost their lives, just that short time we are now up to 120 as many people hundreds are missing and look at the video of the destruction and asheville that is just asheville, where i'm walking the water was ten or 15 feet high as of yesterday, it is receded and now i'm walking through a business that has been around since 1941 a recycling
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business and they claim that they're going to rebuild, why not when you been around that long but to put this into perspective what the water has done i am 6 feet tall look at the size of the pile of debris i'm standing in front of full of sheets of aluminum, you can hear it, you can smell it and you can feel it the wood the entire 18 wheelers snapped and on their sides, this community is out of power and many, many areas the communication are sparse and i tell you we had cell phone service it goes and then it comes in that it goes. there is a lack of fuel and no running water at this point the food and bottled water is not easy to come by the makeshift shelters are at capacity in the county is telling people not to show up until they can figure out what to do, they're telling people to stay out unless you
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are a first responder or an age group, this is a scenario where we have people in the mountains and the hills that have been cut off from civilization since friday when the impacts began from helene as it made its way up the problem a lot of the missing people reports and there's hundreds of them we don't know if those people are okay or if indeed they cannot get cell phone service which is a very good possibility the national guard is on the ground, fema is on the ground in their state of emergency in play, the president of the united states is supposed to come here at some point but right now in the short term, none of that will help a darn thing, they need the people need to get the people rescued they need to get them out of harm's way and they need to figure out the situation for all of the different shelters that people cannot get into at this point this is about to become a humanitarian crisis if it doesn't happen quickly.
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>> that's the magic of your reporting you never forget the human element these are real human beings tortured over this, robert ray will go back to robert as we get more details the town has come true. essentially also the united states economy could come midnight tonight because of the threatened strike on the dockworkers across the united states 45000 strong we have jeff flock at newark new jersey that could be one of the premier in all of this if it even happens tonight but it looks like it will, he has the latest from their what can you tell us. >> i don't think there's any way around i would be surprised if it did not happen i am on the logistics yard which is adjacent to the port you see some of the stuff they're getting backed up with containers everybody is trying to get the containers off of the port that have come in if they go on strike they cannot get them they will go on track
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we have some pictures i don't know if you got them there but we have pictures earlier of the tracks in the line to get these containers out of the port that that there frantically trying to do i see logistics is one of the biggest intermodal transfer company in the country i have thomas who is a vice president of this area you are up against it. >> were working hard to put everything off in time before the deadline this afternoon and get our customers their cargo. >> what happens if a strike happens do you stop dead. >> three or four days worth of cargo we will deliver and we've been working hard to get everything off to allow cargo to keep flowing after that we are dead we met i don't know scott and see it there stacking containers you said maybe 700 containers on the lot. >> 700 been back four or five
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high. >> it is a mess and i suspect the mess will continue speed mike we will see, thank you very much, jeff flock following all of that and midnight tonight we will know the wall street journal what he makes of this in the economic impact just on the strike if it comes to pass, what do you think. >> it could be a very significant huge amount of the economy is dependent on imports, supply change and we had a grim look at what happens with the disruption that we saw from the pandemic and also other issues associated with the west coast in the past we know the damage it can do and it can escalate very quickly and produce bottlenecks and lead to sharp increases in prices and it could happen in a few weeks we have another important thing on november the fifth with growing uncertainty about the economy and whether it slowing down significantly this can only make
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things worse. >> i was thinking if you came on we have helene became its own black swan event much like super storm sandy in 2012 and i'm thinking we were unprepared for because it never became a hurricane this is briefly a category 4 hurricane but reverberations and the damage in the flood and everything else better than 129 victims from this to say nothing many people we have zinger to the u.s. first and foremost a human tragedy and we see the devastation this caused a north carolina but other states to in our hearts and prayers go out to those who are affected by we've seen this in the past when we have a
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significant weather related events it does have a temporary impact on the u.s. economy we could see the and the data for september and october typically speaking the economy tends to rebound without a primary concern with the human cost the economy does rebound and it's only a temporary hit to the economy i think the strike of the ports that has the ability to reverberate and overtime to escalate and do serious damage to the economy, with a lot of uncertainty there is about the economy all of these are certainly not helping. >> thank you very much gerry baker on that. chicago federal reserve bank president on the implications of all of these events for the federal reserve itself in interest rates right after this
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the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title.
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this turns on especially if it drags on my old chicago model there is no bad weather. only bad closing and things happen that we have to take into account and deal with by having an effective condition: we have gone through in the last year or not industry have gone through the port that affected shipping. we will make the following
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exclusion and anything that that will refund relief is never gone into long run every golden's house a little more than a few days ago are you worried about the recovery of federal banks job to be worried about everything and there should not be anything that you can come up with that we haven't thought of that possible complication for our plan, that said that the interest-rate very high more than a year before and held it
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there and now we started reducing the rate because condition have gone back to normal. elicit new inflation numbers they are coming in relatively close target employment rate and job markets we have gotten backstops dedicate a sustainable level close for employment in if you think in my mind i think of it a little bit like the background you want to wanted to be the right temperature to hot you have to add cold water but went back you want to reduce the amount of cold water that is wise as i look over the next year interest-rate coming down is going to be the order of the day because he wants every normal like the other condition i wanted the cold water you need
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a quarter-point or a half a point to deal with the next meeting we let it depends what the conditions are and the more you working these disruption i am pretty hopeful if you see a lot of evidence on gdp growth and how fast the economy is growing private-sector forecast and the gdp upping their estimate of what this quarter gdp growth is going to be there talking very indicator on the job market five in the way monetary policy work you know you cannot wait for it to happen before you start getting yourself in a position to react because there is lot in the data we met i understand that a quarter-point cut if you had it now it would be a quarter-point.
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>> the most important things is not for one meeting one cut they profit over a year or more will mandate our target have to come down a lot more over the next 12 month. if you look at the statement of economic rejection it's pretty widely viewed as appropriate by almost everybody feedback i played three and a quarter, green apricot range in the fed funds rate i don't know if that is accurate but i wanted to get you if you can telescopic the fact how quickly as a last meeting some of you working think of timing i know that
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never supposed to interfere because of you may be yourself.we know what donald trump might say what republican might say, what do you say we back what i say for a year end a half we've been laying out economic conditions that would be necessary why do we need to raise the rates as high as they were or hold them there hyper more than a year and what would need to happen to cut the rate. if the economic condition which other thing that drives the decision-making reflect exactly what we've been paying for.and the faith of the condition when itself be a political act when you become a sworn member of the federal reserve out of selected business, nsa inflation is coming in both the target and unemployment is up to four-point to within the round where a lot
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of people think it's attainable for employment and the rates are well above where almost everyone they need to end up. we have to start moving when the conditions are like i don't want to belize's appointment, (ceiling with price gouging is not quite right for rocketing into the degree that they have come in you by that? we met as i said i'm not the physical policy business they didn't have an argument in the election about what they want to do about prices, the fed's job is an economist, has not been affected)? all the best depends on how are you to finding what price
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cloudiness. i will emphasize from either side. interpreting business markups as a major price gouging be a little careful that has a dynamic over the business cycle that they go up and down because wages and prices move at different speeds back i wish we could have pockmarked for the chicago white sox for you that's a good thing. >> that was a low blow. >> unnecessary ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ jardiance! -it's a little pill with a ♪ ♪ big story to tell. ♪ ♪ i take once-daily jardiance ♪
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♪ at each day's staaart. ♪ ♪ as time went on it was easy to seeee, ♪ ♪ i'm lowering my a1c! ♪ jardiance works twenty-four seven in your body to flush out some sugar. and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects may include ketoacidosis that may be fatal, dehydration that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this infection, ketoacidosis, or an allergic reaction. you may have an increased risk for lower limb loss. call your doctor right away if you have symptoms of infection in your legs or feet. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell ♪ ♪ the little pill with a big story to tell! ♪
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do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought
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we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or keep part of it with no future payments. who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance.
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. fedex and ups among the providers that could benefit if everything goes down at the nation's ports, were keeping an eye on that in the dow jones industrials on 107-point come into the big money

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