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tv   Cavuto Coast to Coast  FOX Business  November 20, 2024 12:00pm-1:00pm EST

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neil: in terms of distance how long is a light year? you went to yale, you should know this. >> i will go with 7. 88 trillion miles. >> 6.88 trillion miles. stuart: okay. that's fair enough. 8.8 trillion miles. what the answer? we are all wrong. that's how far light can travel in 12 months. haven't got room for this. we will handed over to neil cavuto. it is yours. neil: i am glad i wasn't part
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of that panel. the great wait for nvidia, all these technology names, what comes to big tech names, market north of $3.16 trillion, we could get anywhere from $350 billion snake in valuations. who better to pick apart what we could be in for than ashley webster? it is such a barometer. ashley: the latest results from the world's most valuable chipmaker, third-quarter profits hit 17.4 billion doubling sales.
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and data centers largest operating segment to double from last year to $28.94 billion. with some bullish revenue range, 39 to $40 billion in the current quarter which will include the company's a new black world chips, the company says problems have been results. we will see what they saying. it has ruled back, and and 100% in the last two years. following the presidential elections. the guidance will dictate how investors gauge the poster child, artificial intelligence and influence on the market as we head into a new year.
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this stock could swing 8% after the results up or down. which way? neil: might be older to imagine microsoft, this is that on steroids. thank you very much ashley webster. what are we in for after the closing bell. market strategist, jonathan honu good, capitalist pig hedge fund manager. what do you look for? you don't like to put your stock in one stock but this is one stock a lot of people do. >> reporter: if you don't own nvidia specifically, it is so pronounced that it is 8% of the entire s&p so even in your diversified index fund, here's a stock that is up 2% year to
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date, pretty rich valuation 60 times earnings and a loan is operational for 20% of the market again year to date. this is a stock to own and my fear is we could get by the rumor reaction. earnings are not good but stock sells off as a result because expectations are so high, valuations are so rich. neil: you hear about a stock priced to perfection. sometimes estimates are already off the charts isn't good enough. we look at two different quarters, the october quarter, what the company is saying for the january quarter and $33 billion in revenue for one quarter versus january. that's not going to cut it. they might have to cut it to satisfy the savage beast, what do you think?
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>> jonathan hit the nail on the head. it's about valuation. not necessarily what has been happening with nvidia. nvidia had a good track record of earnings and sales expectations and chips specific expectations but what we have been telling our clients is be careful of tech stocks, the bar is extremely high. the last earnings report said the stock sought off even earnings were not much to complain about. jonathan is right. be careful around tech. there's a lot built in. i hope nvidia's stock goes up because everybody is happy. i would be cautious. neil: since the last earnings report stock is up 16%. %. 1/4 over the year, you always get that. a lot of people, those who short this stock on the bedding
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we are getting ahead of on artificial intelligence and playing off of that. what do you make of that? >> tech post the election, the only place to be, how much better can it get? the company has a 90% share of ultra popular high end and i related chips. technology writ large, when the tech sector accounts for 40% of the overall market that is double its historic average of 20%. tech is the only place to be year to date, which means earnings after the bell are even more important. neil: there was a greater impression of the ukrainian war expanding, we are allowing weapons use that ukraine has to be used on russian soil and that is going on.
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vladimir putin has indicated that a game changer hinting rearranging the deck chairs on nuclear weapon use. panic activity yesterday on that concerned that that is going to lead to heightening intentions, not good in a new year. it is still out there. >> global conflict is one of the hardest things to talk about. someone who talks about investing in markets publicly. it is so unpredictable. a wide range of scenarios. while there are some markets not affected by the global relationships am of the oil market comes to mind, ukraine, russia, both significant sources of commodity trades as well. it is hard to know what day today headlines mean, what we
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tell clients to focus on is where their goals stand in relation to where markets are trading, geopolitics come and go. escalation is bad, there are certain tragedies you try to identify around the world, usually geopolitics, the stock market boils down to the economy and hurting so we encourage clients to set their emotions aside and realize they have emotions but not make rash decisions. that is how we would approach that today. neil: i want to thank you, what we were seeing yesterday, oil is essentially flat, $70 a barrel. it is a little bit in bitcoin, over $94,000 a coin. we are in and out of record levels, that's the extent of the player.
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we are looking at cabinet positions in a future trump administration. they seem to get more controversial throughout the day but the treasury position is fascinating because the search has expanded. edward lawrence has more. >> there was a pick to one of the posts, the president-elect selected matthew whitaker, former acting attorney general, and in the past 24 hours, donald trump yesterday was in texas to watch the space x launch, writing on the left side of the video, bill haggerty's name has resurfaced as a potential pick for treasury secretary because he needs someone who knows how to get his agenda across the finish line in congress. >> trump knows he has two years of majority mandate, than the house will be at risk in terms of flipping. he wants to get the majority
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worked on, new policies right out of the gate. >> two other names on the shortlist having meetings today with the president-elect, global management cofounder mark rowen and former federal reserve board member kevin walsh. a source to fox says the president-elect is looking for somebody who is pro-tariff and can calm the markets. >> in terms of engaging market risk to the upside and downside is not the sequence of policy. when we get tariffs and immigration policy, rolling back 11 some the chips act and inflation reduction act, adding tax cuts and subsidies and so on and so forth. >> reporter: yesterday the cochair of transition was named as commerce secretary taking him off the list for treasury secretary.
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neil: donald trump will be taking up residence in a couple months. looking at cabinet choices, breakdown in the new york post separating those deemed excellent choices versus solid choices versus controversial choices. robert f kennedy junior follows under that label for health and human services but on the area of dreadful choices the newspaper sites tulsi gabbard for national intelligence and matt gaetz for attorney general. a lot of these could go through regardless what newspapers think. mark penn, former clinton advisor what he makes of that. what do you make of the fact donald trump's goal was to trigger a debate he got that and then some. >> he's trying to set forth a different kind of administration.
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the democratic side, congressional staffers dominate appointments or come up the ranks in that sense. in this series of pics trump has chosen more congressman, by so many more than he did in the past. it will be interesting to see the treasury secretary wind up to be someone else who served in the senate and could provide the ability to find compromise. neil: usually the problems with nominees or potential nominees comes with things we discover after the fact. the labor secretary for bill clinton had issues with health at her house, i forget the details but a lot of this comes after the fact. in the case of some of donald
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trump's picks, he was acknowledging the package that comes with them before the fact. what did you make of that? >> the question is the attorney general choice which a lot of people think will not get through the full senator. is he going to be able to pull that off? was a parachute for matt gaetz with a looming report that could be unfavorable to him? i think trump has radical choices. he really decided this time to reward those people who stuck with him when nobody was with him and put themselves on the line where tulsi gabbard and rfk junior did that. matt gaetz, i don't think he did that and a lot of other republicans are happy to have him out of congress. that to me is the biggest wildcard. i would not not be surprised of the rest of his appointments
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got through. neil: would they get through recess appointments? this is the entire cabinet, that is unprecedented. >> i don't think that the senate is going to go along with this and trump is going to start his presidency with this possibly unconstitutional squeeze move, adjourning congress to make the appointments, to avoid the process of being confirmed. people do not want to see something like that and trump does not want to blow all the good will he has. he has a 54% job approval, he is above 50 for the first time. he will want to build a consensus. if he tries to do a end run against his own republican senators, that's not going to look good for the start of his presidency.
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neil: you wonder what happens to those senators who voted against the trump pics for whatever reason, lisa murkowski, doubtful over a couple of those picks. i wonder how he will treat them, talk about them, he has to get past that. >> he's got a cushion here but he has bigger fights coming up. does he really want to spend all his capital and a lot of people want to work for the administration, i don't, i think he wants to save his capital for these multi trillion dollar fights that are going to happen over taxes and budget and out locations, military spending, he has 53. he has a cushion. keep the presidency together. he is a maverick.
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bring in a new cabinet but don't try to end run the constitutional process. that's where he comes out best. neil: thank you very much. brilliant read of all things political. talking about the state of the consumer when walmart is saying things look fantastic. target missed the target by a country mile. the stock is tumbling. ♪
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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! municipal bonds don't usually get the media coverage i'm gonna need to charge you for three people. 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
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shoppers making 6 figures, one hundred thousand dollars a year or more accounted for 3 quarters of walmart's market share growth in the last quarter, target is struggling to win those customers back. prices on thousands of items of this year, 10,000 to be exact, they wanted to woo consumers in the were looking for value. frontloaded merchandise to avoid the strike but in the end it got stuck with a lot of unsold inventory and target cut its guidance for this key holiday quarter after severely missing earnings estimates last quarter. >> consumers tell us their budget is stretched and they are shopping carefully. they worked overtime, the cumulative impact to fight inflation is resourceful in their shopping behaviors. wait until the last moment of need, focusing on deals and stocking up when they find them. lauren: if you look at online
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sales, grew 10%, foot traffic also rose but both of those measures were offset by consumers spending less money and the issue of potential tariffs, estimated that 1/3 of target's merchandise is imported from china. that percentage is more than walmart so if they have to hike prices because of tariffs that could be coming in. neil: they have another place to go. among the other places shoppers go, very big in the pennsylvania connecticut tri-state area. he had to the grocery can climb a wretch, and you made it more of an experience, you have to be aware of price, what can you tell us?
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>> stew leonard, several times, i have faith in target, they are a good company. i would add one thing, that is theft. usc and santa monica, i walked into a target store that looked like a jewelry store. everything was behind plexiglas. all retailers including stew leonard, keep an eye on it. neil: do you have live turkeys there for thanksgiving? >> reporter: we usually do, customers and kids can grow up and see it. what we are doing is buying our
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turkeys from pennsylvania to local great farmer down there. i like to get a deal selling them at $2.99. wouldn't do it because of the avian flu with extra precaution at his farm, the best turkey i found, but he is an award-winning turkey. he wouldn't lower his price. i had to leave that price at the same time and a fresh turkey is more raised in quantity. why we have lowered that price from $1.99. customers are going to see an even platform in thanksgiving with a few things going down
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like turkey and things are going up. chicken farmers got a lockdown for the avian flu problem. it is one thing to mark it a little bit. >> inflation isn't as bad as it was but it is still bad enough that a lot of people get sticker shock. what is the one thing that stunned them every time they come in and is still high? >> meet prices overall have been high because the ranchers out west kept heard size low. a supply and demand thing. meet prices, then the package companies, a lot of things like
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oreos and goldfish and packaged items going up in price. we are a family business here. i don't have a next to swing with those guys. i have to prove what i can do. neil: you have to work your charm. we don't chat again have a great thanksgiving. real quickly. >> come en in. i got to work a lot over the holiday. i have my three daughters, okay? what could be better than working the holidays, have a great day? neil: in the meantime, can we return to the decency of stew leonard in politics? you can see that, we once had
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>> the good news is we have a good crop of fresh faces who will present a contrast. neil: give me some ideas. >> i wish i could. they would kill me. they would punish me. neil: a smart move on his part but my only point is that would never happen today, moderating influence on a conservative. i don't think it would happen today. >> i was raised in politics at a different age. someone in connecticut said politics is about addition, not subtraction but you can't just stick with your core constituents, you got to add to it and often for presidential candidate, she adds to it by choosing a running mate who is
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different than they are. 2,008, when john mccain said he wanted to vent me for a vice president on his ticket, are you kidding me? he said no. i'm serious. i was reelected as an independent but maybe i have to remind you i'm a democrat still. he said that's the point. he took me on a ride, never expected to run for president to be considered twice. is america a great country or what? neil: i have been lucky enough in my career, talk to a lot of impressive people as public figures go, i don't think i ever talk to anyone as impressive or as decent or as kind or as genuine as joe lieberman, the former vice presidential candidate, first on the presidential ticket,
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jewish candidate, that wasn't the issue. we remember that election. that was then. joan lieberman, the folks featured in that were kind enough to join us, a wonderful eulogy to his incredible dad. i always asked joe lieberman about how he kept a marriage together and he said it is with assets. great to have both of you with us. i was a great fan of your husband and his sense of humor and his ability to talk to the other side so the two could get things done. that seems like an alien concept today. >> he was a great fan of yours. we always heard him speak about you. he liked you. he respected you and he felt
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that you were a man who understood listening to different views and not getting involved in negative ways when trying to understand each other. i'm happy that despite my cold and raspy voice coming from my daughter's circumcision of her little baby boy, who was she named after, joseph. neil: i am sure others have told you this. you have your dad's gift with words and bringing tears to people's eyes, i could slog you for that. i mean that with great respect but i do think that approach, that used to be the rule. today you are ripped apart on the left and the right. people stay in their left and
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right positions and don't broach the thought of conversation with the other side. this brings that out, this film and it reminds you what was possible. what do you think? >> i echo everything, my dad really did love talking with you and being your friend. you are absolutely right. in the movie center that will be coming out across the country in the coming months as well as in a book that he finished a month or so before he died about how our faith can be a clue to how to fix what is broken about our politics, he gets to the importance of things like civility and compromise and he was a person of deep and extremely sincere, genuine faith. what his are minding us is why is it all of the good qualities
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that animate us in our personal lives that derive from shared values, why are we putting them to the side when it comes to the threshold of politics. i'm not a rabbi or a priest but idea leave the book of matthew said blessed are the peacemakers, for they will be the children, i didn't say blessed are the flamethrowers or the grudge holders. it's the peacemakers, it takes an effort and to my dad's career was animated by making that effort and believing we have so much in common that we can't let ourselves get bogged down in the power referral differences that we do have. neil: as i was thinking. >> that is why joey, how are we going to remedy this? are there answers to the
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strife? joe had this centered feeling he displayed and believed in. it is important to have leaders who believe in that and help us through. neil: are right about that. one of the things i thought of, almost becoming vice president of the united states. a lot of people say that is what you get for putting joe on the ticket and that was much the argument you heard with josh schapiro being passed over as running mate for kamala harris, he might pick up pennsylvania, might lose votes elsewhere particularly in states like michigan where you have a high muslim vote, i don't know if there's any calculation to that but do you fear with your father's death of the notion of a jewish presidential or vice
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presidential candidate succeeding is remote? >> i don't think it is remote. i think it is overdue. this country is a great country. we are seeing disheartening, discouraging examples of jew hatred mostly on the left right now, across the country, like we haven't seen in many decades. neil: these protests, israel, hit a nerve but hit a nerve that i certainly didn't expect the degree of that anger. what would he think of that? >> he lived to see it develop, he was discouraged and surprised, we were all over the country in 2000, the lieberman campaign, in most parts of the
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country where the statistical number of jews goes to 0, not 1%. 0%. and people all across the country who would reach out to him with god bless you, god bless you, god bless you. it is not because he was sneezing. if they were connected with him based on faith. that is there. he would feel this is a really terrible time, a time that we are going to pass through. this country, elected by a large margin, twice, a president, african-american with the middle name hussein. that country is not in any deep way racist, sexist, anti-semitic. it is just a matter of when is the next opportunity. maybe it will be josh schapiro. we will see.
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but i believe to my depth that that will happen one day. neil: you know what impressed me? i was always amazed how he embraced his faith and his prayers and always being on capitol hill, did what he had to do. as a very loyal jew. i think of others who embrace religion but usually in name only. when you look at that, throw it in people's faces. if he didn't care about that. voters didn't either. >> excuse my coughing. no matter what, he believed in
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-- that. >> he believed that -- neil: to that point, like you do. >> we embrace it. he wanted that, it was who he was and one of the great things about him as a person, unique things, he was true to who he was, he didn't make up our show. what you saw was what you got. he wanted to be encouragement to other people who live their lives in a way that may be different with of the majority of people whether it was the seriousness with which they practice their faith, whether it is their adherence of a minority faith or any group that counter to the majority,
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we hope not just for other jewish people but other people who have what they know is different that they should be proud and sick you are not just in exercising it but exercising it with pride, whatever it is. neil: you were a terrific. such an admirer of your dad and your husband and the decency he had, centered, joe lieberman coming to theaters very soon. these lovely people were saying about joe lieberman. for those talking about diseases i have thought, i have spent a good time in hospitals, every sequence of that, joe lieberman would call and a lot of people would say it is joe lieberman on the phone for you, not that joe lieberman, he would tell a consistent story.
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if you want to take a vacation, just take a vacation. i loved that man to the day i die. joe lieberman, gone way too soon. we will have more after this. what tractor supply customers experience is personalized service. made possible by t-mobile for business. with t-mobile's reliable 5g business internet. employees get the information they need instantly. this is how business goes further with t-mobile for business. after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap.
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coast. i am grady trimble, the push back to the department of government efficiency from house democrats and unions. they are concerned that doga could reduce the size of the workforce of the federal government and possibly eliminate entire agencies. >> democrats were warning about project 2,025, the incoming president kept saying i have nothing to do with that, watch it being implemented. democrats were telling the truth and continue to tell the truth didn't want to make sure all employees have their rights respected. >> reporter: the largest union for federal workers, the american federation of government employees, says millions of americans should brace for massive cuts to benefits and services they rely on for their survival under plans to target government spending and operations. the union adds efforts to cut
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government waste should start with contractors. elon musk and vivek ramaswamy say that is on the table but they don't want to stop at contractors. vivek ramaswamy says we recognize the federal bureaucracy is the enemy while acknowledging there are millions who work within it and it is possible to dismantle the bureaucracy and sparingly while also respecting the individual human beings as we do it. house minority leader hakeem jeffries said house democrats plan to protect our institutions and norms but vivek ramaswamy has been making the case that voters gave the trump administration a mandate to buck the status quo in a big way and he says doge is one way they are going to do that. neil: off to a controversial start. two outside guys recommend what
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can be cut. they are looking at $2 trillion in the next year. is that doable? >> under the fiscal responsibility act, taxpayers $2.1 trillion in the next decade in deficit reduction. only looking at 11% of federal spending. it is imperative that we obviously, this new administration coming and is able to look at the efficiency, effectiveness, make sure all departments and agencies are accountable. we won't take a blowtorch to the federal budget but the reality is we need to go line by line department by department, agency by agency if we are ever going to get federal spending under control. we are approaching $36 trillion in debt. that is unsustainable. so this is something where i think both sides recognize the
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national debt is at a tipping point but you have to be willing to have the conversation. at the end of the day whatever recommendations come back from vivek ramaswamy out of those helping them at doge will come to congress and the administration. we will work hand in glove to address challenges, where we can find savings, efficiency, we could. anyone who is opposed to that without even reviewing anything is playing politics with something as serious as our national debt. neil: it is your understanding they hope to hack in spending over ten years, not next year. >> under the fiscal responsibility act we save taxpayers $2.1 trillion over
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the next decade by looking at only 11% of federal spending. jack: overall debt increases. >> that is part of a problem. you found 2. one trillion dollars in savings over a decade only looking at 11%. the reality is we continue to accrue debt at massive levels and it is unsustainable. you have to take an honest evaluation of all this, both sides are going to have to be sincere in these efforts, democrats want to demagogue it right off the bat, obviously they are not serious about tackling these issues. neil: still early in the process. thank you for that. the dow has come back sharply from earlier losses down 28 points. more after this.
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neil: recess appointment discussions or not, just selling matt gaetz to be the next attorney general especially among republicans. senators want details on sexual misconduct allegations as matt gaetz faces real concerns among republicans who are concerned he's not the best choice, even the normally friendly venue says he's among the more dreadful choices donald trump has made saying unqualified and accused of sexual misconduct he never took his time in congress seriously, you can't just destroy the justice department, you have to turn it into an entity that makes the us safe. they are not impressed. we will follow that. taylor riggs in "the big money show" guys following more. taylor: i am taylor riggs.

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