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tv   Cavuto Coast to Coast  FOX Business  October 23, 2024 12:00pm-1:01pm EDT

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was developed by then but needed the internet to order books online. i remember interviewing jeff baeza's in 1997. he laughed and laughed and laughed all the way through, he would always laugh at whatever you asked him and that was 1997 so i'm going to say 1995. yes. april 3rd, 1995, john wainwright placed the first order for a book on amazon. he did it at the behest of his friend who worked at the company. there's a building named after mr. wainwright. very good question. thanks for being with us. i am sure we will see you tomorrow. right now we see neil and here he is.
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julie: we are focused on mcdonald's. it is in a world of hurt over the e. coli thing and this outbreak, how serious it is is anyone's guess but most investors are asking questions with $14 trillion spinoff today and drop of the stock that accounts for 1/3 of the dow's losses. we would still be down a lot regardless but it's accounting 400 points. a lot of people bringing up the example of whether this is another chipotle. when the news first broke, the stock plummeted 30%. that was a different case now but we are following this closely in chicago. what have you got? >> one person is dead and another 49 sick, ten of which had to be hospitalized. the issue might be with the onions. they are telling us these slivered onions only go into
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the quarter pounder which is the sandwich associated with the issue at this point and the paddies they use in the quarter pounder are only used for that specific sandwich. look at this map that shows us where we've seen the cases so far. oregon, montana, wyoming, utah, colorado, nebraska, kansas, iowa, missouri, wisconsin. the cdc note the outbreak may go beyond those states, the patient who died is older. they've not specified how old. he did live in colorado. it is not clear if there were any underlying conditions. another patient developed a serious condition that can cause kidney failure. in the interview this morning mcdonald's's usa president said the quarter pounder has been removed from the menu in these areas. other products including the cheeseburger, hamburger, big mac, and double cheeseburger will be available as they use a
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different onion product. mcdonald's stock on pace for its worst day since covid. >> on a day like today given the news we've had the last several hours that our focus and we are confident we will see our way through this and restore confidence for the american consumer. >> reporter: you referenced this being reminiscent to the chipotle situation. last time mcdonald's had an e. coli outbreak was two years ago when six kids out of alabama had symptoms synonymous with the symptoms people get when they have e. coli after eating chicken mcnuggets. neil: i am curious, you mentioned the culprit might be these onions on the quarter pounders but were those onions used on any other product that mcdonald's? >> reporter: they are telling us they are not.
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the way the onions were distributed go to different places, different products. that the acclamation we've been given. we will look into it. neil: thank you. this has happened before to a number of other players outside the restaurant industry. heather, where does the stack up with some of those incidents, i don't know where mcdonald's fits in but what do you make of it? >> i would not equip this to chipotle. chipotle had years in different states and different products and what was so difficult about chipotle is they had a hard time figuring out the cause. here we have so far more limited number of people who
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have been impacted by this and the chain said they think onions might be the culprit. that's more specific situation. it is still early and they believe the product passed through their supply chain but it is still early in the cdc is investigating. neil: i always wonder if people don't order anything at mcdonald's stores the problems that came with that, i wonder if it could just as sales were improving could this deter that for a while, could people say until i know for sure i am not going there. >> these never happen at a good time but it is a particularly delicate time for mcdonald's. they've been regaining momentum after sales slowed over the
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summer, they started these $5 meal deals, the chicken big mac to market and seemed like they regaining momentum and we are seeing good stocks coming into earnings for restaurants. a bad delicate time. neil: i'm glad you mentioned how mcdonald's is handling this and how other company chiefs have handled sometimes issues that go beyond its control. i remember the tylenol tampering scandal in the 1980s. tylenol had nothing to do with that but the ceo at the time led this worldwide effort to remove the capsule format. that's when we started caplets and all that. when all was said and done they got so in front of it that the pain reliever market increased because they were so aggressive and out front. we don't know what is going on but i wonder what do you want
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to see or what could make this less of a crisis for mcdonald's? >> responding strongly, taking off products beyond the immediate incidents is powerful and mcdonald's is known for having a robust supply-chain, they are credited as having high safety standards when it comes to food safety which is why they haven't had a lot of incidents compared to other chains. coming out strongly like they have done, continuing to update the public that their food is safe is important but what will really matter here is what else the cdc and state health authorities find, do they find more incidents? these could take a while to surface. these cases. of things quiet down mcdonald's will be fine but if they are you drip drip in the public eye that could be a problem.
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julie: we appreciate it. still early in this investigation i should point out the 4% downdraft in the stock today while it is contribute in 1/3 of the dow's losses, to put it in perspective for mcdonald's it never had a single day fall like this in the better part of 4 and a 1/2 years. no your also keeping an eye on boeing out with numbers that reflect a $6 billion loss in the latest quarter. it is still dealing with a machinist strike that's been going on the better part of a month. workers have the opportunity to vote ea ornate on a new package of benefits and salary increases that could get improved but no guarantee it will get approved. grady trimble has the latest on how that is going. >> reporter: a lot of pressure
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on boeing's new ceo not only to usher in the end of this strike but also to right the ship more broadly because of all of the challenges the company has faced over the last 5 or 6 years. today's earnings report is a snapshot of those challenges. boeing reported revenues of $18 billion in the third quarter of this year. a little less than the third quarter of last year. the loss was $6 billion on the quarter and loss per share of $10, $0.44, this was the first earnings call for boeing's new ceo. he highlighted the importance of changing the culture and stabilizing the business. he also acknowledged the challenges boeing is facing, the company hasn't had a profitable year since 2018.
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>> trust in our company is eroded or saddled with too much debt, we had serious lapses across the country the disappointed many customers but by the same token we have great opportunities ahead. the company backlog is roughly half $1 trillion. >> the union is voting today on whether to accept this tentative agreement. machinists who have been on strike for 5 weeks will decide whether to approve this contract that includes a 35% bump in pay over four years as well as better retirement benefits. it is an important step in getting the company back on track in the short-term and there are a lot of repercussions outside of boeing as relates to that strike. some industry groups are saying there could be grave national security concerns if there's a protracted strike so a lot of pressure on the company to get a deal.
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we should have results later this evening. neil: where the strike might be going or not going, sean o'brien joining us from washington. good to see you. thanks for joining us. this was all renegotiated, generous provisions, 35% pay raises, better than the first deal offered. how do you think it will go? >> i don't know the ends and outs of it but members are passionate about getting the best deal they can and it's good to see that the ceo recognizes they've got trust issues and as a result of them being on strike, it signifies there has been total disregard for those machinists. hopefully they got everything they wanted and move forward, trillion dollar backlog, they need those workers and the machinists back to work.
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julie: would you vote yea on this? >> i don't know the particulars, i try not to speak of things like the other people do when they don't have all the facts but hopefully they got a deal that will work for them. neil: could never make it is a tv anchor. i'm kidding. let me get your take on where this whole battle politically stands. you made a lot of news by not endorsing joe biden or donald trump but you made clear that members might strongly feel they wait for donald trump. at the time of that decision not to make a decision behind one candidate or the other, the regret that that you weren't clear following your workers wishes and that is to vote for donald trump? >> no. we don't regret our decision. we are pretty autonomous international union. as general exec it aboard both candidates weren't specific on
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a lot of issues that were important to us so we let the local unions and regional councils make that decision and that is what we do. autonomy is well respected in this organization. neil: not by tim walz, kamala harris's running mate, he had this to say about union leaders who didn't take a commitment to the democratic ticket. >> these are folks directly responsible to their members, members, some of them split off. how can you be with a guy who wants to bust unions, not to make collective-bargaining a right, not to make healthcare -- >> you are talking about some of those leaders -- >> the vast majority of union leaders showed the correct backbone. neil: i think he is saying you didn't show courage. >> that they knucklehead statement.
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i show courage every day our organization shows courage every day. it is disrespectful to our members, he's talking like an educator like he is in a classroom teaching the lesson. the lesson that needs to be taught is our members don't need to be educated. our members are educated. that the problem with this party. they are looking down at our members saying they need to be educated. what i would do if i was in a stop talking and find out what the problem is instead of pointing fingers and looking for excuses to find out what the problem is, create a solution and gain the support back. neil: i will be careful how i quote you but you said the democratic party after us over for 40 years but over that time your union is consistently almost always backed democrats so -- did this suddenly don on you, i am sick of it, what happened?
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>> you know my demeanor. i'm a pretty chill person but when you are attacking me personally, the organization for listening to our members you get fired up and like anything else we look back and we look back at who past trucking deregulation, who past nafta, bankruptcy reform that never happened. a lot of our judge in the, joe biden has been the most pro union president. however, one issue isn't defined so look back over 40 years and remember this. for the last 16 of 20 years the democratic party, and i'm a democrat, have been in control. we didn't get employee free choice act, with a full senate congress and also democratic president. a lot of things could have been done that haven't been done. people are publicly saying get
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that big tech, they are the democratic supporters. big tech is threatening a lot of our jobs with automation and ai. stuart: big tech is the problem. the democratic party is bought and paid for by big tech companies. they didn't endear you too many democratic operatives. >> i'm not worried about democratic operatives. i'm worried about people doing the right thing and whether you are democrat or republican, actually prove it, something is wrong. i've stated this time and again. of 60% of our members are leaning republican it is up to the republicans to figure out why they -- democrats to figure out why our members are voting that way instead of pointing fingers and looking for excuses. whoever wins this election have to win over working-class america. if you are democrat you have to win back the support.
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you have to prove it. i'm not going to sweat people coming at knucklehead comments or anything else. there is a divide down the middle. let's not put people in the middle of political parties. let's fix the problem, work together. neil: the way it stands now, donald trump and kamala harris going at it. when you talk about donald trump or joe biden a few minutes ago, if here the nominee now, would you have committed to union support behind him? >> of who was the nominee? neil: if joe biden with a nominee? >> i would be in the same spot. a lot of our decision was based upon how these answers were answered at our roundtable in surveys of our members. we have a lot of issues ahead
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of us as working-class america and all candidates were not as strong as they should have been. neil: what about donald trump? have you talked to him since then? >> i have not. neil: what about kamala harris? >> i've not talked to her. neil: what about joe biden? >> of not talked to joe biden. neil: that says a lot there. >> i don't think i'm on too many christmas lists this year. neil: let's say donald trump wins back the presidency. how will that go for you, for your members? >> one thing we will do regardless who wins is demand and hopefully get a meeting and make certain each and every candidate who promised to be the working people's president that we hold them accountable.
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there's been a lot of documented support on our issues that are important to us. what is being said and done we want to hold them accountable. doesn't matter who is in there, we will push our agenda forward either way. neil: a lot of your members like the idea of tariffs on foreign goods and donald trump plans a lot of tariffs on a lot of foreign goods particularly chinese goods. what do you think? >> a lot of trade agreements in the past like nafta we lost a lot of good american jobs and manufacturing. i think everybody, especially in the working class, we want to see creating middle-class jobs. i'm not certain about the tariffs. let's solve the problem of bringing manufacturing to the united states, the opportunity to have careers and produce products. think about the pandemic. such a strain on supply chain
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because a lot of the products we needed weren't built in this country and look at what happened a couple weeks ago with the longshoreman, that didn't go online but if we produce a lot of these products, we would be enough better spot of creating jobs and keeping supply-chain moving. neil: a pleasure talking to you, no nasty language here. >> you know i never use nasty language with you. neil: thank you. good seeing you. he speaks his mind and we respect that here when he comes on fox to state that. i don't know if you've been following the battle over signs whether they are trump or harris signs but a lot of folks with trump signed see them mysteriously disappearing. i want you to meet the billionaire former nikki haley donor, what he is done to make sure they don't just rip up
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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.
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>> i made a decision to do a little differently because i'm only going to do it if they build that particular product namely at automobile in the united states. listen to this. i will make interest on car loans, fully tax deductible. neil: tax breaks keep coming, donald trump saying auto loan tax breaks only for cars made in the united states. david asman on the significance of that. that is another sweeping benefit. i don't know how we will pay for this but what do you make of this? david: he is reaching for the stars, hard to keep track of the tax-free stuff. some are emphasizing productivity like the overtime pay. by definition that rewards productive behavior.
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a lot of people worry somebody not working overtime will say he is working overtime just to get the tax-free part. think back to 2017 when he had his new tax code which all the experts said was going to cost so much money. tax revenue from 2017 to now has increased 48%, didn't cost money. it made money because there were so many opportunities in the current tax code. the 100% deductibility and lower tax rates that benefited 65% of taxpayers, wasn't just the rich that benefited from that. mark sandy, university of pennsylvania can saying we only have 0.12% growth. we have 2. 9% growth 9% growth from 2017 until 2019 when the pandemic hit and of course then all things were off.
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bottom line is we have gained a lot of extra revenue. kamala and harris and joe biden were saying the tax cut cost $2 trillion. in fact, it made trillions more dollars at 48% increase so sometimes the tax cuts don't cost, they generate more revenue because of the economic activity. neil: trump administration in those three years. 8 trillion in debt. david asman on all that. it is given all the talk that in the next couple days donald trump might take her up on the stump. would you like to see that and welcome.
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>> 13 days left. if trump can keep his mouth shut for 13 days he will win this election probably by many landslide. lauren: 1 it helped to have a couple campaign appearances? >> funny you ask that. i would like to have dinner two weeks ago with mitch mcconnell and my friend elaine chao and spent time, the hudson institute where nikki is working, and helping and she said i'm there and ready to do it. i stronger lead i strong goalie -- it would be a huge help to have her target independents and women, she says i'm ready to go. it is up to him. what does he do?
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he opens his mouth and says disparaging things about her which really, i was upset, talks about how he would beat her and all this instead of saying i would welcome her and went to on the trail right away and that is what i would've liked to have seen. neil: you mentioned a dinner with mitch mcconnell, said horrible things about them and everyone being a good party loyalist saying he's better than the alternative. was that your conclusion? after your candidate lost, donald trump might not have been your personal cup of tea but better than her, is that when it came down to? >> you know this firsthand. i'm not voting for donald trump. i am voting for america. in order to do that i have to vote for donald trump. i'm voting for america. i supported, i have half $1 million into senate and house candidates and i put some money
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into get out the vote but a lot of money went to these candidates for that but to be clear i'm voting for america, not donald trump. i hope he keeps his mouth shut for 13 days and we will have a many landslide. neil: in the meantime to defend your right to express that point of view, donald trump signs on your property and a lot of them are being removed or stolen or i don't know what was going on but you've come up with a clever way to make sure that doesn't happen. would you explain that? >> 8700 v of electric. i had my mccain signs stolen and in 2015 i had hillary for prison signs and they started stealing them so i decided i have three cameras, got 8700 votes. i'm not going to turn up the amperage now to kill anybody
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but if they decide to take my sign they will remember they shouldn't have done it. neil: has anyone tried to do that? >> not the electrified ones yet, but i'm ready for them. the unfortunate thing, i'm in east hampton, a socialist town. i've got five carry licenses for guns but in new york you can't shoot anybody unless you have a home invasion and your life is threatened but i'm not planning on shooting anybody. i am just using my first amendment right and i have a signs. i don't think anybody is going to touch them but they are -- i got 48 new trump signs for the road, they steal them. they stole from yesterday but they are not touching the electrified signs. neil: thank you very much, more after this.
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neil: the latest out of israel, it has killed another hezbollah official, he was set up to be the group's next leader, to take out the chiefs and leave the indians confused. let's go to trey yingst. >> reporter: the israelis said
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they killed his replacement in a strike earlier this month to give a sense how long it takes the israelis to confirm if the strikes in beirut have been successful. has a resume their rocket fire toward israel targeting not just the north of this country but also the central part. sirens were sounding a causes relapse second largest city of tel aviv sending hundreds of thousands the bomb shelters. they were intercepted by his relapse defense system, the iron dome. expanding strikes, evacuation orders were given before the strikes began. lebanese civilians are reacting to the bombing the displaced a million people. they ask when this will end. israel continues to push deeper into northern gaza. the head of his relapse 8 efforts spoke about troops entering gaza amid concern for the un but aid is not making it to the extra part of the trip.
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a rep letter from the biden administration was sent to israelis officials urging and increasing humanitarian assistance to gaza saying there are some issues, part of the we implement it before the letter, part of those we will continue to work with to implement and facilitate with a number of trucks known to gaza and part of the because of security reasons we won't do it. antony blinken is still in the middle east, there's hope from the american administration that they can find some diplomatic solution to end the war. neil: be safe, trey yingst in the middle of that. scott peary is here, congressman on the accountability committee. combat pilot, retired brigadier general. you don't mess with him. congressman, always good to see you.
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obviously, israel is continuing its campaign. the white house is trying to dial it back. israel is doing what it is doing. the white house is saying what it is saying. benjamin netanyahu clearly not paying attention. what do you make of that? >> this is what i make of it. thanks for having me. benjamin netanyahu knows that president biden, while the rhetoric is out there, the rhetoric doesn't match the deeds. benjamin netanyahu, prime minister of israel knows that. this is what iran knows as well. the rhetoric doesn't match the deeds. biden said he wants to turn down the temperature looking for diplomatic solutions, he is thumbing both sides of the war. not only is he funding both sides of the war, he is only chastising, only demanding that israel relent. he's not doing the same of iran or its proxies. iran knows this, benjamin
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netanyahu knows this, the israelis know this. they know they are on their own on this one except for the rhetoric. this rhetoric is only because of biden being in office and because of the pending and looming election. president biden has to work with kamala harris to make sure they don't have the jewish vote but in anti-semitic wing and his party demands they support hamas, hezbollah and abandon israel. he's walking a tight line. iran knows that and they are increasing the pressure and taking advantage of the halfhearted attempt of joe biden and this administration to support israel. they are saying it but not doing it. everybody knows it. harris: curious what that means
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for the response to this irani and missile strike on october 1st. it does seem the israelis might wait for that response until after the us election. >> israel might telegraph one thing and do another. the element of surprise is important but this is what israel knows, president biden a matter what happens is going to be in office into january. they have a hot war with terrorists sending rockets and missiles into their civilian population. they can't wait to defend themselves and what is worse for them is if there is a harris victory and they have to hedge their bets on what they do now versus what they might do later if there could be a potential harris victory and having to deal with the same lukewarm response and lukewarm support from america that they
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have got this last year. the prime minister and the war counsel is going to act on his relapse best interest with that in mind. neil: we will watch closely. thank you for your service to this country. appreciate all that. to you as well. mcdonald's is giving more details when they learned of this e. coli outbreak, it was late last week, the company has not ruled out a beef as part of the outbreak as part of the issue the consensus seems to be around onions used on quarter pound burgers. they haven't ruled out the possibility this could involve a beef as part of that. it hit the stock hard, 5%, the
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biggest drop off in 41/2 years and it is contributing the third of the dow's loss, hundred points after this.
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we drifted from our core, we stopped communicating with them. some are visiting left often. neil: not the juggernaut it used to be. the fact is the ceo is worried something has to be shaken up, but i have an idea, she's following it closely. madison to you. >> reporter: starbucks is doing some crying over spilled milk with some coffee mixed in, preliminary earnings show big misses for the iconic coffee chain showing a steep drop in same-store sales down 7% globally and 10% in north america, their most important market. and see what the anchors have
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to say, and they cut down on their starbucks habit. >> i prefer to purchase teabags. >> it is expensive. it is really expensive here. i'm a little committed. i go every day. prices are high. a cup of coffee. >> brian nichol took over in september under pressure to do the same with this brand and turn starbucks around, nichols saying our fourth-quarter performance makes it clear, to fundamentally change our strategy to get back to growth and that's what we are doing with our back to starbucks plan. strategies we know about include refocusing on all the
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customers, not just members of the starbucks loyalty program, addressing staffing issues, and simplifying overly complex menu. the people i talked to were all coming out of starbucks so there purely current customers and even they were overall unhappy with the ground. neil: they have so many different coffee, madison alworth following that. ray is a good check company but he knows about customer service and the ones that obviously respond or have a way of responding to customer needs and if they don't, watching tesla later after the bill. if you don't mind a general question about starbucks like denny's that are closing
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stores, trying to simplify menus or doing something similar. i think people have gotten overwhelmed by so many choices. what do you think? >> a lot of choices, we saw 10% reduction in north american foot traffic, a huge signal people aren't coming in. but in china starbucks is more important so and on the chopping block, the challenge, nichols turned around chipotle and fixed things like food safety. he figured out the digital business and figured out service, how to get that service local but the main point is the starbucks brand is under attack because of bad customer experiences. neil: it is a little pricey for folks but it is what it is.
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i had sean o'brien outlining his frustration with democrats and he said the democratic party is bought and paid for by big tech companies and doesn't like that perverse closeness. artech titans generally democratic? elon musk and others, bill gates gave $15 million to the harris campaign super pac. is he right? >> there's truth to it. it used to be that way, the most visible tech tightening, part of that was from a business preservation perspective, they wanted to make sure they didn't get regulated with other politicians and california itself has been heavily democratic. we've seen a shift that
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occurred 6 months ago as you see people speak out about trying to create a more balanced approach, not all one versus blue and people coming out and elon being the poster child on the red side. neil: you see tech stocks whether it is the magnificence of honor others benefiting more under a trump presidency, doesn't matter? what do you think? >> it will make a big difference. the challenge is being stuck with antitrust. the ftc and the doj have come down hard on tech, take the adobe acquisition, those have been the challenges, having to make sure those acquisitions are there, the other things, that's why. neil: thank you very much.
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let's put it to a vote. [ all snoring ] this is going to wreak havoc on overtime approvals. anything can change the world of work. from hr to payroll, adp designs forward-thinking solutions to take on the next anything. .. 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.
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when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering "seven things every medicare supplement should have". it's your free, just for calling the number on your screen. and when you call, a knowledgeable, licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free. and there's no obligation. you see, medicare covers only about 80% of your part b medical expenses. the rest is up to you. that's why so many people purchase ca supplement insurance plans like those offered by humana. they're designed to help you save money and pay some of the costs medicare doesn't. depending on the medicare supplement plan you select, you could have no deductibles or copayments for doctor visits, hospital stays, emergency care and more. you can keep the doctors you have now, ones you know and
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trust, with no referrals needed. plus, you can get medical care anywhere in the country, even when you're traveling! with humana, you get a competitive monthly premium, and personalized service, from a healthcare partner working to make healthcare simpler and easier for you. you can choose from a wide range of standardized plans. each one is designed to work seamlessly with medicare and help save you money! so how do you find the plan that's right for you. one that fits your needs and your budget? call humana now at the number on your screen for this free guide. it's just one of the ways that humana is making healthcare simpler. and when you call, a knowledgeable, licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free. and there's no obligation. you know medicare won't cover all your medical costs. so, call now and see why a medicare supplement plan from a company like humana just might be the answer.
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chase really knows how to put the hart in your local community. see what i did there? hey, jackie! (♪) evan, my guy! you're helping them with savings, right? (♪) 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!
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neil: this e. coli scare is weighing on the company stock and never dropped so much on a single day enclosed 5 years but some of its rivals are doing fine if you look at olive garden, taco bell, kfc, wendy's, rivals are doing okay, bottom line is mcdonald's is not. it is still early, and investigation limited to quarter pounders and onions on those quarter pounders but they don't know. the investigation goes on in the money show starts now. jackie deangelis, the you. jackie: thank you, great to see you. i am jackie deangelis.

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