tv Cavuto Coast to Coast FOX Business December 6, 2024 12:00pm-1:00pm EST
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stuart: we asked how many blue postal service collection boxes there are in america, you have a choice of one hundred 39, one hundred 44, one thousand. you know is you first. ashley: 139,000, number three. it. i was going to say the same thing, one hundred 34,000. stuart: i'm going for 144 on the grounds there's a lot of boxes around here. you got it right. did actually get it right? 139,000. are you looking stuff up? you are a good man. thanks, everybody, great we, great show, it's yours. neil: did they say they don't look it up? i don't believe it.
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stuart: that's fighting words. they cover themselves if they miss something, i was looking it up. i mostly get them wrong. that is good to know that they cower in your presence. have a great weekend are. starting to get sidelined on that, still getting on sidelines, the employment report even though the jobs number was stronger than expected the uptick in the unemployment rate had folks thinking of a rate cut is still on. in the process i noticed the odds improved of a rate cut in a couple weeks, now and 80 one% likelihood of another quarter point cut in interest rates on top of the combined 3-quarter point cut we've seen with pass prior moods. let's go to the wall street
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journal editor at large, that is the read you get from folks that this number was good enough to get the fed continue its rate cutting, doesn't have to go crazy every six weeks but will do so in a couple weeks, do you by that? >> i do. thanks for having me again. i'm old enough to remember the old goldilocks economy when we get numbers that are not too far, the porridge is just the right temperature. the job growth was solid bounce back from weakness caused by strikes and everything, unemployment not by a dramatic amount, the wage growth was okay, seems consistent with the fed gently easing rates down a
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little further. it looks, as we go forward, and energy production. the concern about interest rates with the level of the debt and deficit and starts to include fed decision-making. people seem concerned about that. neil: the markets go ahead of it self with fairly rich multiples, talking about wall
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street isn't worried about a stock market crash and that is where it should be but hasten to add in the same piece, we go a long time with a rich market. not too many naysayers, former bears have thrown in the towel and are bullish, how do you play that? >> investing in the stock market and remain solvent, could be booming with rational exuberance. my feeling, the last few weeks particularly in europe, there is no alternative, the economy is so strong, fundamentals so good and continuing with this
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ai boom, europe is in the doldrums, china is slowing down. there is nowhere else if you are a global investor, the total design capitalization with japan at 5% or 6%. neil: isn't and we aren't and you are right to point that out. a lot of this going in a second here, built on the election of donald trump, we see what's going on with bitcoin. the market has big expectations but the reality putting this to work and getting a senate that can be stuck in its own waves or house with barely a majority
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at all. there are some wrinkles but how do you play that? >> makes clear, and both tax cuts extended next year. if the dogthe, prepare, he vivek ramaswamy at elon musk can bring that spending. it is a question the deficit whether they get deficit under control and the uncertainty about tariffs and i'm struck by the market, that donald trump has promised, they are going to happen, not good news for some us companies but for the overall economy it won't be good, a huge tax increase that infects consumers and hit hard by that.
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a lot of people paying too much attention that people are optimistic for. neil: financial times story, playing off the idea that these tariffs are cudgels to get what you want to get the concessions out of these countries but a cudgel can turn into a curse. great seeing you, wonderful weekend, jerry baker, wall street journal, charlie gasparino with us right now. looking at the personnel and all the people donald trump is surrounding himself with but the markets have been remarkable since this election. is there a sense that they are pricing everything? charles: what is interesting is some of this is exuberance. part of it has to be air rational.
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bitcoin. neil: are you exuberant? charles: i am positive. we've gone from an administration that's in key regulatory posts, near socialists. they wouldn't allow logical and mende deals to go down and now you have a change in that. neil: those who police the markets. some of the names you've seen you like. charles: the trump administration is not crazy about big tech. there's going to be a burst of capitalism of its good for the markets. the whole doge thing, when paul ryan was running for vice president and as a congressman, you don't have to solve the deficit tomorrow, you have terrain it in slowly.
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a change in direction. this is about market expectations. if the market, the bond market is the key, long-term interest rates versus short-term, investors will purchase bonds are saying the us is trying to get their fiscal act in order they are enacting $1 trillion of cuts if elon and vivek can find that, this is going to be a progrowth administration that will keep an eye on cost. that could help the bond market. neil: complaining with republicans and bond market vigilantes but it worked at the parade. stuart: charles: trump did this dogething, is he caring about spending, looking at the deficits, take out 2020 because that was a covid statistical
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anomaly, trump ran up deficits like 700 billion, 800 billion, that's a lot. president biden double that. if he's out there now saying it is going to be looking at every cost, the bond market should react positively. neil: he is not looking at entitlements at this stage but you raise a good point. watch how the bond market reacts. the key to the stock market. i work for the bond buyer. stock traders were stupid. but it makes sense, this controls the economy, bonds, you solve a fiscal crisis in the bond market particularly in short-term rates. keep an eye on this.
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stuart: he is so ahead of this woke stuff. he was bothering me about this years ago. why write a book about it? it is on me. back to me. a real brilliant job. this man could move markets, when it comes to bitcoin, the run-up that has gotten us in and out of that one hundred thousand dollar coin level, going to 250,000, what i didn't understand, he sees it happening by the end of next year. good to have you. that is a fairly bullish call but at these levels it would be a doubling from where we are right now. a little more than that and we've had that and then some this year.
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>> we've only begun to see the positive catalysts that are coming and clearly from donald trump's picks, they are really crypto mindful people that have been supported between scott person and now david sachs who will be the crypto czar, really sharp, really successful, pro crypto people in and around the administration, congress is controlled by republicans that has seen a bill that will establish a strategic reserve on bitcoin for the us government, whether that gets passed or goes forward doesn't matter. there are other countries like brazil and russia and the state of pennsylvania who are all considering reserves as our
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corporations around the country so this is a scarce asset, people inclusive of the biggest investors and nationstates will start to do this and have a difficult time keeping the price low and therefore demand is going to outstrip supply. julie: are more sophisticated about this but the end of trading bitcoin as if it were rodney dangerfield, it gets respect and established institutions as you said state and national governments are acquiring this, our crowd that use to pooh-pooh anything having to do with the rogue currency, embracing and building it and i am wondering when the reality hits that you've got to get on board or
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is it a drip drip process because even when we first had etfs available it didn't have an immediate impact but i would imagine this has a cumulative impact. >> there is a report out that an unnamed pension fund in the uk put 3% of their assets on management into bitcoin and they are unnamed for a reason. they may look at increasing their position and frankly for good reasons that they want to remain unknown for now. there's a lot of accumulation meta started, certainly education has started by institutions that are starting to add bitcoin to their portfolio but there's a long way to go from 0 to wherever the level is they want to get to to satisfy their out
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location. stuart: neil: you see a vote of 250,000 by the end of this year. others didn't put it in a timeframe but get to one million dollars. a guy talking about $2 million. where are you in a long-term direction in this? >> i really don't know. for me it is too far out to say what this will look like five years from now. jay powell who was not a strong supporter of crypto at any point has now said that bitcoin is more like gold. neil: that led to the latest blast offs. they skimmed at this and said it is a goal to look at as a haven. you were off to the races from that moment.
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>> incredible and we are only talking one aspect of the crypto currency market. this is bitcoin that is simply store value though some disagree to the functionality but there are lots of crypto currencies far beyond value, dealings. neil: we will see what happens. in the meantime you might have heard about this appeals court upholding the effort to ban tiktok in this country. that's good news for the likes of meta, the company shares are rising. grady trimble has more from washington. >> reporter: the federal appeals court agreed with the justice department the law forcing tiktok's chinese parent
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company is constitutional. tiktok tried to make the argument that the law violated first amendment rights of the company and 170 million americans who use but the judges side with the doj who argued it was a national security risk. tiktok collected data on americans to share with the chinese government and manipulate content on the apps according to the doj. the judges gave us a glimpse to their reasoning saying congress didn't aim to suppress specific ideas or messages on tiktok and congress narrowly tear road -- tailored the law to deal with the national security threat. they right the first amendment exists to protect free speech in the united states, to protect that freedom from a foreign adversary nation and to limit to limit the ability to gather data on people in the united states. what happens next?
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tiktok has until january to do vest or it could be banned in the united states. the president could grant a 90 day extension if the company is making progress toward a sale and we got a statement from tiktok, they continue to say this law is censorship of american people who used tiktok and they will ask the supreme court to take up the case saying the court has an established record of protecting americans right to free speech and we expect they will do just that on this constitutional issue. which also point out that tiktok became an election year issue. it came out a bit on the campaign trail for major market candidates using tiktok to reach voters and donald trump who pushed for tiktok band during his first term changed his tune this time, campaigning on saving the social media
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platform. we will have to wait and see how he plans to do that once he takes office. the inauguration is one day after the january 19th deadline. interesting timing. neil: great timing. all-time highs responding to news about 3%, we keep track of that and give you some updates on the guy who shot and killed brian thompson, the united healthcare ceo. might have let his guard down as well as his mask down after this. since 2019, john deere has invested
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♪ ♪ neil: they said he looks like the perfect killer, now it turns out the guy who took out the united healthcare ceo made a few crucial mistakes and the hunt is on because we know what he looks like. alexis mcadams has the latest. what are we finding out? >> reporter: exactly what you said. sounded like the perfect criminal, a paid assassin when we saw a shocking video of this person shooting and killing a united healthcare ceo but he made a few mistakes like
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showing his face across new york city where he was caught on surveillance camera and might have left some dna. he is smiling there as he checks into a new york city hostel. this is a person of interest in the murder of the united healthcare ceo, he used a fake id to check in. he did okay, paid in cash but forgot to hide his face, pulling it down to talk to a front desk worker. he came to new york city on a greyhound bus from atlanta. that's a 14, 15 hour dr. . this happened 24 november. and it comes here. went to a starbucks before the shooting. he bought something to drink. this is 30 minutes, trying to get anything like saliva or
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fingerprints, they run that through a database system and hoping for a hit at some point in the coming days. the shooting was caught on camera, united healthcare ceo brian thompson was in town walking near the hilton and is shot not once but two times, the first hit in the leg, turns around and looks at the gunman who shoots him in the chest. use a modern version of an old-school suppressed handgun for this assassination. investigators say that's not a common gun use are found in the tri-state area. he was one of the largest healthcare insurance company ceos in the world, he made 10 million a year and didn't have security. >> i don't know of one top 20 company that doesn't have personal security for ceos. this is completely unusual. to 40 one years as a personal
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protection officer i've never seen a security faux pas this big in our industry. >> reporter: they are waiting for the dna profile and hoping for a hidden system. neil: thank you. they are getting close to something. nicole parker, fox news contributor. when we were first chatting one of the first things that came to mind was this notion this guy could slip up and authorities will seize on that moment. he did and apparently he has. what happens now? >> reporter: the moment he showed his face the house of cards call's. he was in the official recognition system and you backtrack through the surveillance video, this individual, they were doing well on covering their tracks. one thing happens, you are back in the game, the dna finds as
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well the water bottle is crucial. if he has a criminal history, they can always run genealogical dna, fingerprints obtained, their research warrant executed at the hostel where he stayed. one thing i find interesting is according to the new york post he checked into the hospital and came back on the 30th back to the hostel, it said he took an uber. we all know that hoover, you have to put a form of payment into is that uber because you need a way to pay for that usually through a credit card or cash but that is probably through a credit card. the moment you get a form of payment this individual is using, if he continues to use that form of payment you could trace where he is spending money because eventually he has how much cash does he have? eventually a form of electronic payment and that will do identify where he is but there
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are many sophisticated techniques law enforcement is using. i believe law enforcement has identified this individual. they don't want to say who he is, they want to keep it quiet and continue their investigative efforts. he potentially is not a harm to other people, doesn't appear to be a targeted attack. at the appropriate time to reveal his identity, we have all this intelligence information. i believe they know who it is but need to figure out where he is and if someone has seen him it is crucial to report it to the tip line because that will be helpful for law enforcement to identify where he is. i don't believe he is anywhere near the tri-state area. my opinion, he cannot a greyhound bus from the atlanta area, a bus that originated in atlanta is a bus he was on in november and i believe he had that backpack, probably changed his identity, did he keep it or ditch it or have a co-conspirator?
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he probably got back on a greyhound bus or a fairy and got out of the tri-state area and is i believe nowhere near the new york area. that is my opinion. neil: great catching up with you. we take it to washington dc for an idea where the so-called dogthe meeting's are going, advice to the house and senate on how to trim trillions of dollars worth of spending. can they? ♪
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neil: a lot of cabinet appointees in key positions in the trump administration but among the two richest people on the planet have a role not defined by cabinet position, they are free to look at the government books and decide what is spending and what is not and herein lies the problem, they are greeted with open arms by most republican's, not so democrats. hillary vaughan in the middle of that, with recommendations for cutting spending. >> reporter: the republicans are rallying behind elon musk and vivek ramaswamy. some democrats are not so impressed with the department of government efficiency saying they think doghe is not real,
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what they want to do won't work and what they are trying to do is illegal. >> the impoundment of funds appropriated by congress is unconstitutional and illegal. there is no such department of government efficiency. it is made up. >> ideas that vivek ramaswamy and elon musk have clearly are not founded in any bit of reality. >> reporter: but musk and vivek ramaswamy don't need democrats blessing to downsize the federal government. there are things they can do on their own like corralling federal workers back to the office, they think if employees have to show up in the office to work, they will leave on their own and that will reduce the head count. >> the individual federal worker, you are not the bad guy but the existence of the bureaucracy that involves too many federal workers is what we are up against. >> reporter: joni ernst shows how many federal workers are
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phoning it in from home. according to the report just 6% of federal employees work in person full-time, the average occupancy of federal buildings at 12% and some federal workers really taking advantage of remote work. this va employee got busted after taking work calls from a bubble bath which we've not heard back yet but musk and vivek ramaswamy floated the idea of a naughty and nice list for lawmakers voting against spending cuts they want to put in place. this bubblebath boy, i don't know if he's on the naughty list but he's probably on it too. neil: don't know what they are making a big deal of. that is incredible. great job as always.
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john homan joins us. great to have you. they are uncovering a lot of silly things. the most alarming, forget the money, so many federal workers are not physically going to the office. local remote work when it works, but their numbers are out of whack with what is going on in the rest of the country. what do you make of that? >> common sense stuff. everybody think about vivek and elon and i am sure they will have a lot of them but common sense stuff every american will go absolutely, why do we have folks not coming to work and if they are not going to come to work they should be doing something else and all the office space and everything else that could be sold, not only to reduce costs but gain revenue and that are two for one. think about it.
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when you read are -- a lot of them won't so they leave, reduce costs, a lot of savings, and find employment somewhere else and need workers to grow our economy. savings and government and help in terms of the workforce. neil: want to disparage elon musk, the thomas edison of our times, but these guys are lining up the shots and calling the shots. is anyone policing them and looking at things they might come up with that they might be raking this to benefit their companies or investments? >> they will come forward with a lot of ideas. doge goes for two years, the time they have to make recommendations. they make recommendations and
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we go to work and you will see the president come out with executive orders temperament some of these things but it will require not only statutory authority which means it will go to the committee's jurisdiction but has to go where everything gets funded. i am on appropriations, we have to take all that and figure out where we can implement those savings, whether there is statutory authority to do and how we can get enough votes. this isn't the first time there has been a cost cutting efforts. the key is the execution and how well dogi.e. can set it up so we can execute as much as possible. neil: you have been trying to go after waste, fraud, and abuse. the fact of the matter, like me with diets, they don't end as i hope. i am wondering now if this will just be another ill-fated turn. some, not by any means all of your republican colleagues
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aren't keen on what they are given the power to do. not all but most democrats think it's a step too far. where do you see it going? >> the common sense aspect of it, everybody likes that they are freethinkers and they are and come up with some stuff but i go back to the common sense stuff people will embrace. when you are talking about government employees not coming to work, reducing that workforce, a lot of facilities in washington dc that we can sell and find ways to get savings,bo getting these folks out across the country, rural areas where they can provide better service, now you are talking for example i work in the agriculture area they don't need 100,000 in the usda office being responsive, how to reduce that number tremendously and give some good service.
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at the end of the day it takes public support to do these things. neil: have a wonderful christmas, you are going to be a busy guy, north dakota senator trying to find a way to watch where the money goes out so we can get close to balancing the books. we can tap half of the harris tour of taylor swift to actually not only pay the deficit but pay off the debt. that tour is over but the money is staggering, after this. ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing. so you can feel confident in your financial choices voya, well planned,
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well invested, well protected. ♪ (alarm sound) ♪ amelia, turn off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door. i'm afraid i can't do that, jen. ♪ (suspenseful music) ♪ why not? did you forget something? ♪ (suspenseful music) ♪ my protein shake. the future isn't scary. not investing in it is. you're so dramatic amelia. bye jen. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. investment opportunities are everywhere you turn. but at t. rowe price, we're letting curiosity light the way. asking smart questions about opportunities like advances in healthcare. and how these innovations will create a healthier world tomorrow. better questions. better outcomes.
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has really been trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families, like my own. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪ ♪ neil: i give up. i have a producer who love taylor swift. i keep reminding the of forename to produce her that she is no dell and he says
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she's not, thank god and it gets into a vicious argument. lahren seminary -- lauren simoneitti put it into perspective that she has an advantage over a dell. lauren: she kicked off the tour in arizona in march of 2,023. since then, one hundred 49 shows, 50 cities across five continents making her the richest female musician in the world and the first ever tour. neil: doesn't make her the best to. lauren: that was last year. as he recip two years of shows on sunday, the tour is estimated to gross to billion. lauren: that is two tickets. you have to have a right t-shirt. lining up for the gear for hours.
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>> people lined up, doesn't open until 2:00 p.m. . it is so cold. lauren: her fans are loyal and have deep pockets, an average of $1300 each, taylor swift is a $5 billion industry but that is a number 2, the end of last year. no one really knows how bigger impact has been. neil: there are venues with 100,000 seats. lauren: she connects with her fans. you get a lot of bang for your buck. i don't know about in a dell concert but taylor swift -- neil: she's more collective. lauren: she finished her las vegas presidency. i wonder if taylor swift will have a las vegas presidency. neil: she doesn't seem like
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atlantic city. i think las vegas is the draw for these guys. lauren: it is one week from today, she will be 35. the last mission. i think the white house would be too small for her. what am i supposed to do with these 38 bedrooms? lauren: delivering the votes for kamala harris, i wonder what would happen. neil: a lot of her fans are below voting age. lauren: good point. what about if a dell --adele ran? neil: that is different. it makes me look bad. lauren: i promised my daughter a taylor swift ticket and lost my opportunity. for the next four.
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you are the best. it is the holiday so if you are not entertaining taylor swift tickets may be just want to drop a package on someone's porch, the problem is a lot of those packages are getting stolen in record numbers. the ceo is dealing with that stuff because it is out of control. how does this work out? how do you get a handle on this? >> don't know how to get a handle on it. every day -- i do believe our solution helps with the problem. our solution gives the consumer the opportunity to get anything delivered to their porch on the credit card used for the purchase and only charge $100 million a year.
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neil: say someone has a package, how do you make good on that and how does that work? >> a very simple. they locked in, it was stolen and photo id, the person on the policy, within 72 hours and send the money back to the package. neil: they take a picture and say it was there when we dropped off. they won't stand by. >> of course not. why would they? they've done their job. the retailers, the shipper is always wrapped up. they have proof that it was there. of that that point with
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retailers experiencing issues can't afford to send up a product and -- neil: i didn't mean to jump on you there, how many packages, some people, packages are stolen all the time and might have multiple times. >> at the beginning of the program we could only cover three times a year total, $2000 aggregate limit. on a weekly or monthly basis, the average package of value is $250,000. at that time, $1,500,000 requires a signature that we deliver and the step is covered.
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it is much higher, the sweet spot for consumer. don't call the shipper back. they selected it and check out. neil: you came up with a concept, this is happening more than it has both form. and your package is out. and and in bitcoin, $100,000 a coin. hard to say who is right. we just know who it is right now. stay with us.
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neil: notre dame cathedral is going to open. it is much brighter, it was always dark, this one is bright and illuminating. donald trump get a chance to see it. prince william, to see the work that was done, this was privately funded, this is not a big issue. 5 years in the making and back to what it was. whatever your cup of tea is is your call. brian brenberg in "the big money show" guys. brian: it looks as tall as eve
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