tv Cavuto Coast to Coast FOX Business October 22, 2024 12:00pm-1:00pm EDT
12:00 pm
>> i'm going to say it was number 2, 19 oh four. stuart: absolutely sure of this? >> not absolutely sure. stuart: you told me you were. >> i say that every time. ashley: it doesn't sound very convincing but i will go with number 3, 1920. stuart: i will go with a trick question. 1892. thank you, the mechanical voting machines introduced in lockport, new york. by the 1960s used in nearly all elections. thanks for joining us. see you tomorrow. it's yours. david: did you peak? someone is getting 1928 so i was way off. that was a good one. i'm david asman. donald trump meeting with
12:01 pm
latino voters as americans get ready for their big decision. a live report on that meeting coming up. first, halfway through the trading day and markets looking for direction. the nasdaq swinging between gains and losses with that we 10 year yield above 4%. let's get a read on the markets with strategic wealth partners investment strategist extraordinaire luke lloyd joining us now. it doesn't look like a real selloff. to the extent markets are down it appears profittaking going on at nothing more than that. >> the federal reserve, interest rates, the election, overshadowing relatively good earnings season with the banks. important to think about why. we are transitioning to a more government controlled economic system.
12:02 pm
markets climbing this wall of worry whether it is the election a week economic data sounds like an invincibility system. the system is designed for the wealthy to get wealthier which means it's designed for stocks to go up. if you look at the great depression every recession downturn last shorter and shorter because federal reserve, or federal government putting more money, this is a thing until it is not. david: let's talk about inflation. that is still a thing no matter what the fed says. indicators are up. gold particularly is up big time. oil is up. a lot has to do with the middle east complication but is inflation still a concern for investors? >> yeah. as i was alluding to we are becoming more of a government controlled system. when it prints 2 trillion in
12:03 pm
deficit spending that is inflationary. interesting thing, i think the trump administration could be more inflationary than the harris administration, democrats and republicans spend similar amounts of money, republicans are not fiscally responsible because they can't be. if you took that sugar away from the government the economy would get weaker in the short-term. weber turned the spigot off would get blamed. republicans need to keep the spending spigot on so all things being equal if you lower regulation, lower taxes and possibly tariffs all of which are great for a long turning up in our make growth. the economy firing on all cylinders. david: one thing democrats don't get particularly the trump administration, one thing that causes inflation is lack of goods.
12:04 pm
too much money chasing too few goods. if you have a incentives, you have more goods and that will lower inflation, that incentive mentality coming from the democrats. >> exactly right. the supply-side in the short-term, if you have government spending combined with a better supply-side, then that should be somewhat more inflationary and should work itself over the long-term it free markets work itself out which they should have over the long-term as long as the government stops getting involved. interesting thing from an investment standpoint, the largest generation with the most amount of money retiring right now, baby boomers. from an investment standpoint a lot of people make a lot of money for two decades looking for more dividends, more cash flowing stocks. you want to own dividend growing names whether it is utilities, you will see a lot
12:05 pm
of money partaking in that trade from an investment standpoint. david: i resemble that remark very much so. i understand what you are saying. great stuff. appreciate it. most voters favor trump over harrison dealing with the economy we continue to hear reports from harris supporters that the economy is doing fine. they cite reports in the media and international economists that america is leading the world and its economic strength but voters don't feel it. will folks vote with what they feel or what they are being told by the kamala harris camp, here to discuss this is charlie gasparino. the middle class is still underwater in purchasing power for things like food and housing which they have to deal with every day or every week and every month. the harris team thinks they can talk them out of what they feel with all this but i wonder if they can.
12:06 pm
>> i don't know. i'm not karl rove, people i respect on both sides of the aisle do political investigations. i would say going to your previous guest your retort on supply-side was perfect. i don't remember the last time there was a supply-side inflationary binge but left out the notion of monetary policy which played a huge role in the inflation spike. wickedly expansionary fiscal policy under biden and harris and expansionary monetary policy where jerome powell kept printing money even when printing money on the fiscal side. david: milton friedman affect and art laffer affect, supply and demand. charles: it was a keynesian
12:07 pm
affect and arthur burns affect. because i'm talking about printing money and spending a lot of money. that will always give you inflation because the demand side will outpace the supply-side with higher regulations. here is what i would say. i go out to dinner with wealthy people, live on the upper eastside normally democrat but some of them because of what is going on in the democratic party in israel, moving to trump but they will tell you there will be a restaurant in manhattan. it is packed but guess who it is packed with, speculators, financiers, millionaires, not packed with guys that scrape and save from money. if you want that scenario, the middle america scenario my guy
12:08 pm
who owns the coopertown diner, will tell you how they are squeezed left and right on goods to cook with where their profit margins are shrinking or have to raise prices but they start working class clientele. but do you see what i'm saying? the reality -- david: not only in new york. folks from the imf and folks from los angeles, expensive bubble in which they are immune to these pressures on their week 2 week pay for food and housing. charles: the kamala harris campaign from the economic standpoint is dominated by this elite, trump you will have jay clayton, larry kudlow is not officially part of it but people who play about the real
12:09 pm
economy, inflation, people who scrimp and save every day to get by. the harris people are saying look at the numbers. wage growth, inflation is down. they don't -- inflation is down, the rate. prices are still high. that is basic stuff they don't get. david: average americans are underwater. betting markets. i want to get into that. they do show they were showing harrison biden about equal until the second week of october. trump -- is that an anomaly? charles: it could be. i pay more attention to the nate silver thing. he's got them even or trump just ahead based on certain metrics he does deep dives into. if you are looking at this race right now it could change, trump wins today and only
12:10 pm
because the momentum has switched his way. what was fascinating about the momentum switch it wasn't necessarily anything trump said or did. it is what kamala harris did. she came out of her shell, started doing relatively soft interviews particularly with oprah and the public getting to know her turned people off. it is fascinating because i'm not taking a political side but that happened in 2019. the minute she started, had that one debate moment, called biden a racist over busing, her statute up, people got to know her and said it is going on now. you know all the negatives on trump and he's got a lot of them. you don't know the negatives on her totally yet but as you get to know them her negatives are going up. david: thank you for being here.
12:11 pm
we have now congressman, former new york gubernatorial candidate lee zeldin on a bus tour for the trump campaign across the critical swing state of pennsylvania. according to the real clear politics average trump has pulled ahead of kamala harris. a very slight lead, 0. 8%. that's the average right now. what is your sense of where pennsylvania voters are at the moment? >> as you are showing on scene this race is so close every vote matters. it is about getting low propensity voters out and no propensity voters out. there are supporters donald trump -- sometimes they vote sometimes they don't, 2024 they have to vote. early voting is more of an emphasis. we are seeing a lot more people coming out to vote early than they having elections in the past and there's big down
12:12 pm
ballot impacts as well. we see more excitement for dave mccormick in pennsylvania running for united states senate. in wisconsin, mike rogers in michigan. the senate races are starting to perform better. that helps the top of the ticket and as you show with real clear politics number for pennsylvania the average has donald trump up in all the battleground states but the important thing is to campaign like you are behind even if polls show you ahead. david: we were talking with charlie gasparino about appearances and there've been a lot of personal appearances in the final days before the election of kamala harris and donald trump, donald trump is going to the common man, the barbershops, he was at the steelers game in pittsburgh, gotta roaring endorsement from the crowd we have pictures of on the left side screen at mcdonald's where he got a lot,
12:13 pm
there he is at the pittsburgh game. all pretty powerful. is that moving voters nationwide especially those in the middle who are undecided? >> donald trump is more relatable because when he does these events he looks natural doing it. he enjoys it. he's happy he is there. kamala harris or tim walz might try to do an event like this and it is cringe worthy, looks like it is not natural to them, too staged and scripted in a way that it looks like they want to be anywhere other than where that moment put to them. donald trump while he's very successful in life, a billionaire, he's not above the common man. he wants to take that lesson from that mcdonald's employee on how to work the cooker and the drive through, certain level of relatability that for people who are struggling to make ends meet you have kamala
12:14 pm
harris saying the economy is going rate. maybe i will do something in the future as if she's not there right now and you have donald trump connecting with them directly saying i understand your struggles, i believe you can spend your money better than the government is spending that money for you. let's secure the border. let's hit home as closer to reality for that independent voter trying to make their mind up. david: you mentioned donald trump's coattails, they are spreading statewide races for senate. you mentioned dave mccormick giving senator casey, this is by the way is indicative of the ground that has been gained.
12:15 pm
the rcp average is up 40% to casey's 45%. and policy recommendations, i wonder if the democratic party at large is beginning to change policy strategy to win the race. >> great point. bob casey showing donald trump, tammy baldwin doing that in wisconsin. dave mccormick has the momentum, clearly the change candidate in pennsylvania. i've seen on the bus stops, traveling across the state, the trump campaign bus tour. i've been in pennsylvania in the past and never seen so much energy and excitement for dave mccormick and house candidates. the eighth congressional district in pennsylvania. we don't want to deal with three more impeachments in 2025.
12:16 pm
12:17 pm
what makes it possible is unmatched connectivity and 5g solutions from t-mobile for business. t-mobile connects 100,000 delta airlines employees. powers tractor supply stores nationwide with reliable 5g business internet. and helps red bull revolutionize coverage of live events. this is how business goes further with t-mobile for business. chase knows how to put the hart in your local community. evan! you're helping them with savings, right? (♪) somebody just got their first debit card! ice cream on you? your money is a part of your community, so your bank should be too. like, chase! personalized financial advice from ameriprise can do more than help you reach your goals. i can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. your best defense against erosion and cavities is strong enamel.
12:18 pm
12:19 pm
it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. municipal bonds don't usually get the media coverage
12:20 pm
the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free. now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least $10,000 to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income are federally tax-free and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217.
12:21 pm
david: it is tuesday. we are two weeks from election day with both candidates courting minority voters as polls show a dead heat. donald trump is meeting with latino voters. >> reporter: the president wrapped up his remarks, signing autographs for people who came to see him. they were just all surrounding him for a second day in a row. he had folks in asheville, north carolina pray over him as well becoming a theme now in the campaign trail in these final two weeks. he open his remarks mentioning a new suffolk university poll that shows he is leading over
12:22 pm
harris among hispanic voters which i want to show one of our recent polls camino fox news paul has him behind harris by a couple points but that's not the story. the story is in both cases is that he is eroding the democrats piece of the pie, influence on hispanics by 11 points and he talked about it when he opened his remarks. watch this. >> we are leading with hispanics. that has never happened before. i don't know but it is going to be close. she is sleeping right there. couldn't go on the trail. >> reporter: harris taping an interview with telemundo, no rallies or campaign events. the d&c attacking trump saying latinos won't fall for his lies, he is for billionaires, another trump administration would be an economic disaster for latinos.
12:23 pm
got to catch up with florida congas and carlos jimenez who says the business in mcdonald's on sunday, we saw that viral moment, it helps connect with hispanic voters, he told me he should keep doing things like that because latinos are hard-working people and they are coming home to the gop so more events like that he thinks will help the former president gaining ground on minority voters. david: i love that it is a party back there having married a latino, a party atmosphere. i love it. trump and harris are battling for the white house, the biden administration has a battle of its own going on, the fbi is in on the investigation of a us leak of documents containing information on israel's plan for a retaliatory strike on iran. jillian turner has the latest.
12:24 pm
>> reporter: antony blinken is in israel today in a frantic bid to restart cease-fire negotiations between hamas and israel in the wake of a series of leaked us intelligence mom is the detail the biden administration's assessment of an idf plan to retaliate against iran for missile bombardment as happen three weeks ago. here's top officials. >> we are aware of the report and very concerned about them. >> we've seen these reports as well. we are certainly concerned about them. >> deeply concerned about any leakage of classified information in the public domain.
12:25 pm
that is not supposed to happen. >> reporter: it is looking like that is all we might get from senior officials on that leaked intelligence. senior officials are going dark in terms of any details when probed by reporters. on capitol hill they are saying it is an inadequate response. >> not only does it really hurt our credibility with our allies in terms of intelligence sharing but also i am concerned about lack of urgency from this administration. referrals to the department of justice. >> reporter: the biggest unknown questions are who hacked or leaked top-secret intelligence memos does the release hamper israel's warplanes in response to iran, hezbollah and lebanon? we will try to find out.
12:26 pm
david: lieutenant colonel darren galba, thank you for being here. it appears the administration is not anxious to get to the bottom of what might be an embarrassing intel failure. >> that's consistent with holding people accountable is always at the bottom of their list. everything back to afghanistan. my personal list of people who should have been held accountable for a lot of actions. it doesn't seem like anyone is taking this seriously and the administration and anyone watching the administration respond to the proof is not taking their response seriously either. that is unfortunate. this is much bigger than a couple documents got out to the public and leaked a couple things about what israel might be planning to do. what's more important is all
12:27 pm
our allies looking at a saying we can't trust you anymore or why should we share information in the first place. david: a lot of suspicion about the former biden envoy to iran who was suspended for mishandling classified information. however, his security clearance was pulled several months ago. it appears this is a more recent leak of intel. does that rule him out as a person avenue suspicion? >> probably does but he's not the only version i would be concerned about with the ability to make these kinds of documents in washington dc have a habit of being one of the bleakest places on the planet with everyone trying to get information out to different media sources or their friends in various things. that's one example of hundreds
12:28 pm
of people who put everything but the united states first. david: that is one of the reasons israel has been reluctant to share information about what it was going to be doing next in the middle east. thank you so much for being here. appreciate it. we are breaking down donald trump and kamala harris's energy policy proposals with chrysler ceo bob nardelli, stay with us.
12:29 pm
when you're in the military you're really close with your brothers and your sisters that are in the military with you. and when you get out of the military, you kind of lose that until you find a new family. we can talk about our struggles and the things that we did overseas and not everybody can do that. adam! how's it going, brother? we live pretty close to each other. so he's always coming over. when i go to jack's house, we watch a lot of football, hang out. we go outside the friendship has kind of grown into a family i was overseas on a deployment. i got separated from my marines and i got hit in the neck, and it broke my neck and paralyzed me. 14 years ago, i was on a training mission. did a military freefall, and i had some faulty equipment.
12:30 pm
i hit the ground. going, 30 to 40 knots and was instantly paralyzed. i met jack fanning when he invited us to park city, utah, through his foundation. i was able to actually get on the mountain and ski with my family, i can't put into words what that meant. i got paid in the military to do crazy fun stuff. and after my accident, i'm still that same guy. and when i was able to jump out of a perfectly good, helicopter, at 10,000 feet, i did it. i was talking to some vets last week amazing how we have these houses where they can come over because they■re in chairs too. carpet and wheelchairs don't mix very well. tunnel to towers, they got rid of all that. they redid my whole bathroom. that's probably the favorite part of my house. i thought they were just going to do the upgrades. but the surprise to me was they paid off the entire mortgage. when they told me they're going to pay off my mortgage, i cried.
12:31 pm
please contribute $11 a month by visiting t2t.org now emergen-c crystals pop and fizz when you throw them back. and who doesn't love a good throwback? ♪ now with vitamin d for the dark days of winter. smartsheet helps propel mclaren formula 1 cars to the starting line. thousands of individual parts. moving from idea to reality. in every single race, we pursue our peak potential. our people fuel that pursuit. our technical and operations teams collaborate in smartsheet to get the car to the track. we don't focus on results. we focus on what leads to results. with smartsheet supporting our operations, the results will come. ah, these bills are crazy. she
12:32 pm
has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com.
12:33 pm
>> noles is a union autoworker, one of 1100 laid off by stellantis. he blames corporate greed the most but doesn't stop there. >> i will put it on joe biden and the democratic party because of the ev mandates. i thought the democratic party was for the working class. the average joe like me, that is what i thought. david: feelings on president biden's ev mandate could decide the battleground state of michigan turns out two weeks from now with voters looking to
12:34 pm
trump and harris's energy policies. let's go to bob nardelli. what has happened to detroit since you were there? this is an amazing turnaround in party affiliation. is the ev mandate responsible for that? >> great to be with you. the ev mandate, they say it's not the case, just another deceptively correct comment coming out of this administration. they say they aren't mandating evs but by 2035 we can only produce or purchase an ev. and ev. it is the same point. what we see over the years is an evolution, but create an evolution and it is disappointing to me because biden lived through the café standards, it was another debacle.
12:35 pm
another misstep by administration forcing what they call the café standard. the average age of the car part, and the consumer is saying i don't want and ev. i will keep what i have and the companies are doing well out of this so i don't think -- they had to give away their ev flavor. the resale value on these automobiles are minuscule compared to the price you pay and you hear about the charging stations. the charger in your house is about 8 hours to get a full charge, $7000. david: pulling back and looking at the overall change.
12:36 pm
a populism that voters associate with donald trump that they use to associate with the democratic party, it is shocking a lot of the union leaders. shawn fain, the uaw president said while he is endorsing kamala harris, he said most of his members will be emoting for donald trump. and a whole range of things convincing the average joe, trump is more, has more of the common man's influence in his mind than kamala harris does. >> the old saying keep it simple stupid, it is right to the common man. all of us there dying under this inflation, while it came down it is still out there. those prices are not rolling back. energy independence.
12:37 pm
i loved it when he was in the office and we were a global power using lng as a geopolitical tool to export around the world, help germany out versus buying from russia. what's coming up now is nuclear, it is clean, safe, you are not going to get lightning strikes that create fires out there. you see what happened with 3 mile island, that's coming back, look at amazon and microsoft, small global nuclear reactor at the site for data centers for ai so i think all the things he is proposing play strongly with voters particularly it was a massive turnout already on the first day of voting. david: it is polling on democrats like bob casey to adopt some of trump's tariff standards going into a tight
12:38 pm
election he is running. got to leave it at that. wonderful to see you again, thanks for being here. appreciate it. now this. democrats and republicans are coming together to put a end to remote work for federal employees. fox business's hillary vaughan is on capitol hill with the latest on that. >> reporter: work from home is out, back to the office is in was a bipartisan push on capitol hill to get government employees to show up to the office to work, a bill introduced by gary peters and joni ernst would expose how many federal employees are working for home and how little work on site. senator ernst saying for too long americans have been on hold while bureaucrats phone it in at the expense of the people federal agencies are meant to serve. the government accountable to the office released a report last year detailing how empty
12:39 pm
federal government buildings are. according to the report, 17 federal agencies only use 25% of their office space during the time they were reviewed but because offices are packed with people doesn't mean a cost any less. 24 federal agencies spend $2 billion a year for federally owned office buildings. and renting buildings they leased. something he pledged to make a top priority. it would trim the fat of bloated bureaucracies. the money being spent is real money. it is a misuse of funds.
12:40 pm
and with federal state and local government jobs. david: i was waiting to see elon musk riding in on a white horse to see if that happens. former abercrombie and fitch chief executive mike jeffries and two associates have been arrested on federal sex trafficking and intrastate prostitution charges. alexis mcadams is here with more details. >> reporter: these are shocking allegations, more details about this press conference in new york city, jeffries is facing sex trafficking charges after investigators say he exploded young men for sex for years. this has been going on for some time according to authorities, jeffries was arrested along with matthew jacobson. he forced men to take part, and
12:41 pm
in more rocco. of the victims are vulnerable and fashion models. jeffries looking at time behind bars if convicted, they opened the case last year. jeffries accusing him of running international sex trafficking business. there are 15 john does in this indictment. dozens and dozens of others that were involved and they were recruited by jeffries, his partner and another man who was indicted. and praying on vulnerable men giving victims alcohol, muscle relaxers, drugs and modeling opportunities, unless they do what they said.
12:42 pm
>> they prayed on the hopes and dreams of their victims by exploiting, abusing and silencing them to fill their own designers. >> reporter: the feds are hoping more people might come forward and speak up, the case far from over because they believe other people can speak up. we reached out to his lawyer, they said they will be speaking but it won't be to the media. david: incredible story. thank you very much. let's lighten the mood. a series is set and we are anxious to see it. the new york yankees against the los angeles dodgers game one set for friday but you won't believe what it will cost if you want to be there in person. we are coming up next.
12:44 pm
they get it. they know how it works. and most importantly, it works for them. i don't have any anxiety about money anymore. i don't have to worry about a mortgage payment every month. it allowed me to live in my home and not have to make payments. if you're 62 or older and own your home, you could access a portion of your equity to improve your lifestyle. a reverse mortgage loan can eliminate your monthly mortgage payments and put tax-free cash in your pocket. it was the best thing i've ever done. really? yes without a doubt.
12:45 pm
these folks know, finance of america can show you how a reverse mortgage loan uses your built-up home equity to give you tax-free cash. it's a good thing! so look, why don't you get the facts like these folks did and see if a reverse mortgage could work for you. call finance of america and get your free, info kit. call this number.
12:47 pm
it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. david: exciting times. the world series is set and it will be a massive battle between two of the hottest legacy names in mlb history.
12:48 pm
the new york yankees taking on the la dodgers and tickets not coming cheap. they are reaching taylor swift level prices. madison alworth is here to break it down. >> reporter: if you want to go to the world series, good luck. the series starts this friday and will cost over $1000 to go if you don't have tickets. to attend the game one at dodger stadium you will need to spend at least one thousand $200 to get to get a seat. david: at least? >> reporter: you won't get a better deal in new york, the first yankee home game of the season game 3 is going to cost over $1300. these are the cheapest prices. this is thanks in part to a face-off between two of the wealthiest teams in the league, teams based in two of the most populated and expensive cities in the united states.
12:49 pm
this series will be as popular as taylor swift. one thing for sure, you will have to pay as much, taylor swift kicked off the final part of what's been going on for years. the cheapest concert in new orleans this week, over one thousand $200. you can . you can go to the world series or see taylor swift. limited world series games, maximum of 7 games. taylor swift has already done 150 concerts and people are still paying that much money but good news, if you want to go to the world series there's a way to avoid paying that price. you can watch it on fox. game one of the world series will air. look. instead of spending that money, your hot dog and beer at home. the entire series will be on fox. it will be where i watch because we are mets fans. really hoping the mets would be making it. that would be rough for our
12:50 pm
wallets. some good news for mets fans but for yankees and dodgers fans. david: a yankees fan who loves it when the mets do well as well. >> reporter: you are a better person than me. david: most mets fans don't feel the same about the yankees. thank you very much. three major retailers, walmart, target and all the are promising to cut prices for the holidays but small businesses don't have the flex blue your of a prophet cushions the big players have. our next guest in san diego, california is an example. mona martin, thanks for joining us. we appreciate it. do you have any flexibility on your profit margins to cut prices the way these big retailers are? >> i wanted to thank you for hearing us out. i represent all the businesses throughout the us. one of those being a 15 year
12:51 pm
owner of this pizza joint, this is the real struggle we have had to face. there really isn't a lot of cushion. we are small businesses. the cost of goods has not doubled, it has tripled. boxes to give you an example. it went from $16-$40. the labor itself, taxes itself, skyrocketed. we don't have a lot of cushion to try to make profit. we cut down our cost to have more employees, having to cover some shifts, and my employees have been with me since we opened so it is hard to find ways to make this place as profitable as possible. david: inflation, the rate has come down but prices have not come down. the pizza, we have plenty in
12:52 pm
new york city and energy as part of the expense. the oil has come down a bit. you are paying a lot particularly in california where regulations are so high. those prices must be killing you. >> reporter: almost tripled. two to three years ago we were only paying $1000. now it is almost $3000 for the gas and electrical. how do you, how do we survive? we went through market crashing, covid, to give you an idea. we had 13, 14 microbreweries, now we are down to four, four.
12:53 pm
we score microbreweries to keep their doors open. can you imagine what it is like for small businesses? in california it is insane. david: i want to talk about gas prices. because of the regulations, the way gas prices are regulated you have gas prices that are 45% more than the national average, $4.64 and everything that comes into you guys has to be transported so i am wondering we have this debate between the two presidential candidates about who is going to cut red tape more. is this something you and your customers are voting on? is that an issue of regulations? >> of course. that plays a huge issue. i got a word out of month ago,
12:54 pm
allstate dropping coverage for restaurants. it is one of the biggest insurance that covers restaurant deliveries, dropping their restaurant coverage. it will play a huge role in this coming election. i hope whatever direction we go to, huge support will be going towards small businesses because we are the backbone of that makes up the economy. david: most of the people being hired are from small businesses. the red tape hits you harder than it does the big guys, stu deal with it. if you are anywhere near san diego go to poly's pizza joint. more cavuto after this.
12:55 pm
12:56 pm
i wish i had someone like evan when i started. somebody just got their first debit card! ice cream on you? ooo, tacos! i got you. wait hold on, don't you owe me money? what?! your money is a part of your community, so your bank should be too. like, chase! .. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job on indeed, it's easier for talented candidates to find it. which makes it easier for you to hire them. visit indeed.com/hire it's time to grow your business. create a website. how? godaddy. coding... nah. but all that writing... nope. ai, done, built.
12:57 pm
12:58 pm
1:00 pm
david: quick check of the markets. we told you at the top of the show it didn't look like a deep selloff. the dow learning with a flat line. looks like we are ready to reverse or two day slide. neil cavuto is in town. sean o'brien, which way are the members of the teamsters going to vote? we heard the uaw has endorsed kamala harris but at the same time the head of the uaw says his members will probably vote for donald trump. sean o'brien may be saying the same thing. that does it for us on cavuto coast-to-coast. brian brenberg is next. brian: hello, every one. i'm brian brenberg. taylor: i am taylor riggs. lydia: i am lydia hu. welcome to "the big money show".
5 Views
IN COLLECTIONS
FOX BusinessUploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=1446560153)