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tv   Cavuto Live  FOX News  May 8, 2021 7:00am-9:00am PDT

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jedediah: i have been wearing socks like that a few months now. lawrence: how amazing is? pete: if he doesn't sing that at the fox patriot awards we are doing something wrong. jedediah: thank you for joinings us. we look forward to tomorrow. ♪ ♪ neil: we are getting word that the country's biggest gasoline lien pipeline is down. it was halted after a cyber attack colonial pipeline right now transports a lot of oil from the gulf to the new jersey and all points in between including jet fuel that makes its way to airports from houston to new york city and the area environments here. we don't know much more that be than it was a cyber attack that for the better part of caution had people at this colonial
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pipeline urging it to be turned off to get to the source of the problem. what a way to start a weekend. welcome, everybody, i'm neil cavuto. very glad to have you. we want to make sure we get this in some perspective here because all of this is happening at a time gas prices have already been rocketing. and any delay or any threat on supply let's just say comes out of rather precarious time. we are going to look at the military implications of all of this in just a second. because this does feed a lot of energy to military facilities along its path. first, to phil flynn on what is really going on here. phil, what can you tell us? >> what i can tell you right now, neil, this is an attack on u.s. energy infrastructure which shows the vulnerability of our system. not only is it going to impact us on the wallet almost immediately by raising gasoline prices, especially in the new jersey area, the new york area, but at the same time, it's going to raise the cost of transporting gasoline and diesel because they have to take more
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stringent security measures. already, you know, we have seen this pipeline go down during hurricane harvey, caused gasoline prices to raise almost 25 cents a gallon and cause spot shortages. the thing i'm worried about is we don't know how long this is going to be down. what worries me even more is i don't know what pipeline is going to be next. so this is a real threat to the economy and to the u.s. consumer. neil: do we know much about the cyber attack itself whether and why colonial was the target? i could see it's a big target. accounts energy needs east coast alone. do you know anything about that? >> we really don't know at this time. you know, could be as simple as ransom ware where a hacker hacked in and holding the company hostage or more nefarious than that. this could be, you know, a pre-planned attack on u.s. energy infrastructure. you know, looking at different parts of the sector. if you can hack into it, you can
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basically shut down the country and make us totally vulnerable from a variety of different areas. not only economically, you know, physically. you know, we just have to go back to texas, you know, couple of months ago and saw the impact it had on the lives of people when they had that storm that shut down the power grid for a couple of days. you know, so i think we have to take this very serious. it's a big threat to our national security. it's a big threat to our economy. neil: to put it mildly, thank you, my friend, thank you very much. phil flynn following this closely for us. if we get any developments, we will keep you posted. meanwhile to the military issue this has become because keep in mind this feeds a lot of military facilities as well. for that go to -- heroic commander of the "u.s.s. cole" that was attacked by terrorists back in 2,000. commander, good to have you. what do you make of this and the
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threat that it could signal? >> neil, right now, the largest thing that we need to consider is the type of attack that may have occurred. while it was mentioned it could be something as straightforward as a ransom ware attack, what we also need to determine and it's going to take time to forensically analyze it, is going to be for the type of attack that it just disrupt the systems? did it just interfere with specific signals that may be sent in controlling the pipeline? or was it an actual attack that attempted to degrade or destroy equipment by causing it to overspeed or get ruined? and so consequently, looking at what the scope is, i think right now colonial is trying to determine what is the scope of the attack? what is the med that they are using to disrupt the pipeline itself, whether it's just in the cyber world or if it translated over into the physical world. and then we are also going to be doing that assessment on what do we expect for the damage? how long is it going to take to
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get the systems back online. what are the alternatives going to be to get fuel to the east coast and to military facilities? and then we have to look at the larger impact it's going to have on the national security. this attack is going to bring home to americans the vulnerability of these critical infrastructure systems. and what we need to do to pay attention to ensure that we are getting systems and processes in place to prevent them. neil: you know, it's interesting, the last time we were chatting, commander, i remember you were saying we have to protect our grid and our energy supplies. we have gotten into the larger picture of, you know, economic security is military security. so much we don't know about this particular cyber attack what was behind it, ransom ware, whatever, we don't know. what we do know is it's another reminder how much we depend on these energy facilities, particularly as one as huge as this that provides almost half the energy need of the east
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coast of the united states. >> absolutely, neil. when you look at energy security is national security. and while a lot of people will look at this and say it's just another vulnerability in the fossil fuel system, the same or similar types of attack can occur within the green energy world itself. it is the entire energy infrastructure for the united states where we will need to look at the key vulnerability points to ensure that they're, in fact, hardened and protected in a manner that doesn't allow these types of attacks or disruptions to occur because we want to know what happened, why it happened, and, most importantly, in the long run, where did it come from? and hold that nation accountable. neil: all right. kirk lippold, thank you very much for coming in early and talking to us about in this early saturday morning. thank you, kirk lippold, former commander of the "u.s.s. cole" this. has halted about
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2.5 billion barrels of oil and related supplies that we get that largely feed not entirely but largely feed the eastern coast of the united states. so all of that is, you know, going it push prices up all the more until we get an idea when oil and when this will be back online. but any supply disruption will do that it comes at a time when inflationary pressures have been building. for example, just yesterday we had copper and lumber prices trading at all-time high. it's that back drop that has a lot of folks very, very worried. mark meredith now on the fallout and what they are saying at the white house. hey, mark. >> hey, neil. good morning to you. friday's job report certainly seemed to catch a lot of people off guard. the white house insists though the economy is still on the right track when it comes to the post pandemic climate. economists have predicted that we were going to see some 1 million jobs added last month. but the government reporting far fewer than that, some 266,000 jobs bringing the unemployment rate unjust ever so slightly to about 6.%. let's dig deeper and see where job gains were.
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they were in leisure and hospitality with restaurants making up half of those gains. temporary jobs were down as well as jobs in manufacturing. still president biden insists it's not all doom and gloom for the economic recovery. >> this month's job numbers show we're on the right track. we still have a long way to go. and we knew this wouldn't be a sprint. it would be a marathon. quite frankly, we're moving more rapidly than i thought we would. >> the president is using the jobs report to double down on his calls with congress to pass two massive spending bills next week, two major meetings on the books. one with congressional leaders from both parties, the second is going to be with republican senators that are working with the white house on a broad infrastructure package that would still spend a lot of money to repair roads, bridges, but spend a lot less than what the president has been proposing. we have been hearing from a number of republican senators as well as the u.s. chamber of commerce though that say the white house should consider pulling back on that $300 a week federal sty upon on enhanced unemployment benefits. the president says is not having
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any measurable impact. but there are a lot of people, neil, won terg whether or not those extra benefits are keeping people from going back into the workforce. we have been talking about it all week about businesses having trouble finding workers, i bet this debate is not going anywhere soon. neil? neil: i think you are right my friend. thank you for that mark meredith at the white house. and too what mark was saying my next guest among those saying this is proof that extra benefits born of the crisis and maybe the best of intentions are doing now more harm than good. his senator is mike grounds from the beautiful state of south dakota. he joins us. senator, you are among those saying all right, this all started with the right intentions to help people in a tough time but now they are actually hurting the economy and longer term themselves find jobs because these extra benefits are allowing them to hold off finding one. right? >> right now we have about 8 million people that were working a year ago that are not
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working yet today. we have got a long way to go. but, part of what we have to be able to do is to provide them with an opportunity to get back to work. and that means as we open up these businesses and so forth, they have to have employees that are willing to go back to work. unfortunately, right now, in this -- and this is unintended but we are stopping people from going back to work. they are making the financially correct decision that says that they don't have to work. they can stay home. they can stay with their kids. let's number one, get our schools open again across the entire country. second of all, let's get those businesses open and they are trying to open right now. but we have got a lot of businesses here in south dakota that literally they are looking for people to go to work. we are at 2.9% unemployment right now. our state is open for business. we need those folks to be able to come back to work between. when you add $300 per week on top of the regular state unemployment benefits, that means that a lot of those folks are just making the decision that it would be better if i
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just simply didn't go back to work. unfortunately. neil: if you think about it, governors are beginning to share your concern there. montana governor, for example, want to get out of that extra federal benefit program and will even pay foe penal workers. >> my audio is gone. neil: the equivalent. you don't hear us anymore. all right. we will see if we can fix that, guys. if we're working on it, just to let you know, the montana governor is among those saying that the extra $300 a week the federal benefit, we are not really keen on extending that and is he doing something a little unusual to try to incentivize people to get past that. $1,200, if they get a job and stick with that job for at least two weeks. so, that's one of the things they are looking at. senator, mike rounds, i hope we are back with you on that. >> we are. neil: what do you make of that move on the part of the montana governor to sort of pay people
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$1,200 to get off this benefit and to get a job? >> i think a lot of our states are kind of a laboratory to find out what works and what does not work. and so if it means providing an incentive to get peek back to work. we have 8 million people that were working a year ago that aren't working today. we need those folks in the marketplace. we need them to build this economy back up again. and you know, we're not out of this pandemic. but, let's target the resources that we have got in the right locations. part of what we can do and i think republicans are very interested in doing it, is long-term infrastructure development. we all believe in that. i think republicans and democrats can come together. but it's got to be targeted. it's got to be specific. we have to remember that while we're doing this for the right reasons, with regard to infrastructure, roads, bridges, you know, that the communications we need, the water structures, and so forth, the one thing that we have to remember is that somebody has got to pay back all this money that we are borrowing.
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you know, we're going to exceed 100 percent of g.d.p. right now with just our current short fall within what we have already borrowed. we're going to be over $30 trillion in debt. and at some stage of the game we're going to have to start paying it back that means we have to have a strong economy to do so. where republicans probably disagree more with democrats is that we don't think we should tear apart our tax structure right now which have shown, it's proven itself to actually help build the economy. so, along with all of the negotiations about spending more money, and in the appropriate places, targeted relief, let's not apart an economy that really was growing before this pandemic hit. neil: so have deficit and debt in the prior four years, senator. republicans are not exactly the ones to talk about spending like drunken sailors, right? >> no question about the fact that it's not just one party. but, let's remember, the vast majority of the new debt has come in response to an emergency which was this pandemic. but there is also several
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different pieces of legislation that should be considered that responding to right now. one of them is the trust act. you are hearing more about it the vast majority of the overspending that we do is in an area that congress stunt even vote on anymore. they gave away their responsibility. what they said was is we have defense spending and nondefense -- discretionary. and then we have mandatory spending, which makes up about the mandatory spending makes up about 70% of what we actually spend on a year-to-year basis. we don't even vote on that anymore. medicare, medicaid, interest on the debt and so forth. those trust accounts right now need to be managed appropriately. we're overspending the trust accounts. we need to put together the plan to make them sustainable again or social security benefits could be in jeopardy. medicare benefits. neil: we're nowhere near that you are right. we are nowhere near that we will watch it closely. senator mike rounds, i always appreciate you coming on. thank you, have a wonderful weekend. we will keep you abreast of some
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of these other developments we are following including pipeline shutdown that now could compromise half the energy needs of the east coast of the united states. we are waiting to hear from the company itself on where that stands after this. ♪ a tow, her claim paid... ...and even her grandpa's dog tags back. get a quote. so you want to make the best burger ever? then make it! that means cooking day and night until... [ ding ] success! that means... best burger ever. intuit quickbooks helps small businesses be more successful with payments, payroll, and banking.
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♪ ♪ ♪ ♪ irresistibly smooth chocolate.
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to put the world on pause. lindor. made to melt you. by the lindt master chocolatier. neil: all right, so what is an extra $6 billion in the scheme of at least $2.5 trillion upfront added spending and more than $7 trillion in all. we are rifling through some of these extra pet projects going through now and the push for earmarks. they are back right now. now, again, these expenditures seem small in the scheme of things and indeed they're. but they are the means by which congress men and women are essentially bought off to pay for bigger spending initiatives. that is the the real concern with, you know, bringing the earmarks back. they had been shut down for the better part of a decade. that was then. this is the new reality now.
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we have francis newton on the implications as well as jonas matt feherty. jonas, to you first. gone are the days of any kind of spending discipline. but i'm just wondering whether this just speeds it along, what do you think? >> the republican infrastructure plan is pretty disciplined. we're under -- our infrastructure spending relative to other country industries at least under by the amount they are proposing and their plan is pretty much infrastructure doesn't include elder care and all the other stuff they are trying to talk in infrastructure. i believe they are talking about paying with it with a miles tax that can you capture electric cars. we kind of need both of those to just do spending in this kind of a hotter -- pick up economy prices you need some sort of drag to offset the increased spending or you will have inflationary spiral. so everything about that plan, the size of it, the things they are going to fix, and plans to pay for it that just are aren't like taxing the wealth i didn't think make a lot of sense. if you it without taxes i think
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we will have two hot economy where the economy is competing with the private sector which is trying to come back and hire people. neil: in the meantime looking at the spending part of this, francis, i don't mean to poo poo a $6 million museum in honor of gandhi, i think that's a fine idea. i just think that in the scheme of things, if that's the means by which you try to nab a congressman's vote to go ahead and approve some of these other far far bigger multitrillion dollars spending plans, that's the problem. what do you think? >> yeah, well, you have got a couple of things going on here. you have some seats up for re-election. of course, they're pushing harder for their pet projects and that sort of makes sense. they want to, you know, keep control of the democrats gaining control of the house or the senate. you know, in the midterms. however, the real issue that we really have is that we have enlarged the quote, unquote, swimming pool by throwing trillions and trillions and trillions of dollars in
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circulation. now we are dealing with the reality of a larger swimming pool. there is an ideal amount of spending going forward. we have to pay for it carefully so we keep that pool filled and that's the thing that senators and house members should be focused on and unfortunately, that level of spend something going to be very high for a little while so that you don't taper too quickly. and of course then they get to sneecket pet projects in and we have to do that north to keep the liquidity high. neil: yeah. and a lot of chaos flowing that's what that means. jonas, is it me or the markets totally unconcerned about it the dow and the s&p record yesterday in light of all of this spending, in light the fact that the total $6 trillion amongst all the various programs that president biden is considering is now costing more like 7 trillion. but they go on hitting records. what's happening? >> it's a in they market right now. i would go as far as to say the
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market is expecting more spending. if we didn't get it, i think it would be a problem. somewhat weak job report this week that was partially because of unemployment benefits. the market liked the bad job report. i think the market wants the zero rates not to go away. wants more spending. the inflation that the market is like what are we going to do buy negative inflation. keeps new stocks even at these very high valuations and keeps the speculative mania in tech and growth stocks and crypto currencies going. neil: i will have you back a little later to talk about bigger issues that plague our economy. thank you very, very much. we have not lost sight what's going on at the border. the surge continues but the deportations are at a record low. we connect. you might want to hide.
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♪ neil: all right. border up trusions near record high. border deportations at a record low. something doesn't quite fit there. chris cabrera from the national border patrol vice president. thank you for coming. early saturday morning. i appreciate that. this is the week we learn that in early june we're going to see vice president kamala harris visiting mexico and guatemala. if you had to advise her on what to say and what to get from these countries, what would it be? >> you know, i think reinstatement of some of the policies we had with the past administration would be a start. and then we encourage her to come down and see what's going on on our side of the border, not necessarily the other side of the border. neil: so, trying to get to the root cause of this, i think the administration's argument, correct me if i am wrong, chris.
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is that it is a desperate part of the world. if they had more financial support from us, they wouldn't be trying to get here. so, talking potentially billions of dollars to both of those countries, maybe more, might be the answer. what do you say to that? >> you know, it's been the conditions in some part of the world have been like that for years upon years upon years. so that hasn't changed. what's changed is the welcoming factor that we have. these policies that are encourtrooming more people to come over without any recourse for breaking the law. and then now with deportations dropping, it's just more of an encouragement for people to come in and do it illegally. if people want to come, in great, do it the legal way, but, the first thing you do in a country is break the law, it's not the way to get off on a good start with us. neil: you know, chris, i don't know what's rumor and what's fact i thought i will have chris cabrera on today he will know.
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one argument is most of these trying to get through the border are doing so in knows gaps of the wall that this administration stopped funding. is that, indeed the case. are most of these incursions coming at these vulnerable points along the border particularly where, you know, the wall building was going on and then stopped? >> you know, there is a lot of traffic in those areas for people that are trying to avoid detection; however, a big chunk of what we have is just coming over and turning themselves in. so they are not even concerned if there is a wall gap or not. they are just looking for the nearest guy in a green shirt and turning themselves into it. we still have the ones trying to get around whatever way they can. so the smuggling cases are going up as well. so, it's just a free for all down here right now. it needs to be addressed. neil: and the difference now as i understand it, chris, these used to be adjudicated south of the border, on the mexican side of the border. now they are being adjudicated on the american side of the border; is that right? >> yes, it used to be that they
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would wait in mexico for their chance to plead their case and now they are being released into the country. once they were being sent back to mexico and waiting, we saw the numbers dramatically decrease because they knew that we weren't playing around. we weren't going to let them into the country just for them to disappear. so, it's a different message that's being sent and they are reacting do it differently. neil: all right. keep us posted on, this chris, and i do appreciate your coming on today. let me get some clarification on some of these back and forths we have gotten on what's really happening there chris cabrera, the national border patrol council vice president. we are getting a statement by the way from colonial pipeline, you might have heard at the outset of the show that it is shut down. it's a big pipeline. in fact, very crucial for about half the east coast energy needs a lot of military facilities are along its customer path as our airports from houston all the way up to the new york metropolitan area that depend on jet fuel coming from colonial. colonial is saying it's taking steps to understand and resolve
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this issue, the signer security issue where it was compromised. at this time our primary focus is the safe and efficient restoration of our service and restorations to return to normal operation. the gist though is they are nowhere near that right now and 2.5 million barrels of oil a day is stopped. we will have more after this. hooh. that spin class was brutal. well you can try using the buick's massaging seat. oohh yeah, that's nice. can i use apple carplay to put some music on? sure, it's wireless. pick something we all like. ok. hold on. what's your buick's wi-fi password? “buickenvision2021.” oh, you should pick something stronger. that's really predictable. that's a really tight spot. don't worry. i used to hate parallel parking. [all together] me too. - hey. - you really outdid yourself. yes, we did. the all-new buick envision. an suv built around you... all of you.
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>> over two years 43 people were charged child sex abuse. >> if it's true one of the worst sex crimes certainly i have ever heard of. >> if i could tell my 11-year-old self one thing, it would be run. >> in the valley of sin, coming may 9th on fox nation. kneel ♪ neil: senator, over in the house next week they are debating the future of liz cheney. she could be out. what do you think of that if she is forced out of her job? >> you know, however it is interpreted among the house members it will be interpreted by the general public that she is being forced out because of her position on president trump. now, there is about 25% of republicans according to a recent poll that actually agree strongly with her. if we're going to appeal to
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everybody, those who support the president and those who don't, then we have -- each side has to see their view at least listened to. i support liz but i also think if we are going to win in 2022 we have to consider that very strongly. neil: but some of your colleagues are very worried about the trump wrath, that's a challenge is to be done in by him. what do you think? >> i think that the only wrath we have to be concerned about is the wrath of voters who feel as if they are not heard. neil: all right, take it from senator bill cassidy supports liz cheney's right to speak her mind. but he also, you know, got an earful from republicans back in his state of louisiana who all but wanted to censor him before voting for impeachment against donald trump. but he is saying right now the party way,dolve in incriminations of each other
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this. is something that the democratic party shares, too internal battles on spending and the like. mike emanuel here on taking a look where things stand in both parties, hey, mike. >> neil, good morning. this is expected to be a critical week as house republicans sort out their leadership in a key position. wyoming congressman liz cheney is expected to be on her way out as g.o.p. conference chair. the number three leadership post. new york congresswoman elise stefanik appears to be the likely replacement. >> yeah. i would just say to my republican colleagues, can we move forward without president trump? the answer is no. i have always liked liz cheney, but she has made a determination that the republican party can't grow with president trump. i have determined we can't grow without him. >> on the democratic side, there is some heart burn over the biden administration's border policy and how administration officials are handling the crisis at our southern border. texas congressman henry way are a a border democrat accusing the
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administration of playing a shell game, quote: all they are doing is moving kids from one tent to the other tent and saying oh, they're out of border patrol custody but they are next door, next door in hhs. there is also some anxiety among moderate democrats about the massive spending plans proposed by president biden, another $4.1 trillion in proposed infrastructure and social spending after 1. trillion dollars in a covid relief package. in a 50/50 senate there will be intense pressure for democrats to go along. moderate senators like west virginia's democrat joe manchin, arizona's kyrsten sinema and maine's angus king are expressing some sticker shot and with a narrowly divided house and a split senate, there are some democrats sounding the alarm that all this spending could cost them control of congress in next year's elections. neil? neil: mike emanuel, thank you very, very much. all right, you know, we have been talking as well about the new cdc guidelines and how they
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are trying to open up the country, they are confusing a lot of people. no more so than those in the cruise industry. i had a chance to city down and talk to the region cruise line ceo because he has done everything he can possibly do including guaranteeing that anyone who boards his ship, must, must have been fully vaccinated and that includes those who work on his ships. not good enough for the cdc. now, now the ship has hit the fan. take a look. >> you must wear -- you must take on your mask on and off, only take it off to put food in your mouth and then your mask back on while you are chewing and swallowing. these are the kind of, you know, incredibly, you know, stupid, for lack of a better term, just stupid requirements that the cdc is throwing our way. it will if there was science-backed information we would accept it. but they have never shared any
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data with us. any scientific data or any data period. neil: you know, ships move and i want to raise that with mike, the former health and human services secretary, former utah governor as well. and secretary, what the norwegian cruise line ceo was telling me his cruise lines could easily move to a port outside the united states. american passengers are welcome but they have to go there if they want to travel on his ships anywhere because of this deadlock on these guidelines. are they boomeranging these guidelines? are they confusing people? >> neil, i should disclose that i, along with dr. scott gottlieb chair a public health panel that's been working with the cruise industry to assure that they are following public health standards in order to be able to cruise. but i will tell you, i am persuaded that cruise lines can and should be allowed to cruise.
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they obviously have to take into consideration that the coronavirus is very real and is still there. but that's the way we are dealing -- society has to deal with that issue. and, so they are frustrated. they are frustrated, feel as though they have been tweeted differently than other industries. they have got a case. but, hopefully, cdc has made the point they would like to have them cruise by the middle of jaw. i think they can get there i think they should get there. and hopefully we can use this as a means of being able to get 500,000 people who are currently not employed because they are shut down back to work. neil: i just don't know what more they can do. i mean, if you are being, you know, if you are telling the cdc we're making sure everyone is vaccinated who works on our ships, come on board our ships, our port of call workers, similarly, and they are still not getting any budging from the
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cdc, you can't blame them for saying all right, then we will leaf from non-u.s. locals, right? >> it's very difficult not to be sympathetic with that point of view. i think everybody is trying to make certain this is done safely. i'm also sympathetic with that point of view. frank is obviously unsettled by this and upset and it's -- it's easy to understand why. are. neil: while i have you here senator i want to get your thoughts on lindsey graham trump loyolas, cheney loyalists and those who adhere to what donald trump is saying maybe cower to him versus those who do not. he went went on to tell our sean hannity we can't grow without him, referring to donald trump. do you agree with that sentiment, that the republican party cannot grow without donald trump? >> well, i don't know. i don't think anybody really knows. i have to say that i admire liz
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cheney and this sounds a lot to me like the republican version of a cancel culture. but, the reality is i don't think anyone knows at this point what the broad population. these polls are one thing. the republican party obviously lost and -- the election. we have to figure out why and be able to come back and find a way to restore that voice to american politics at the midterm elections. neil: all right. secretary left. very good seeing you, thank you very, very much. in the meantime we are getting a few details on the cyber attack on the colonial pipeline. a network of energy sources that combine everything from jet fuel to oil, gasoline, you name it, that's shutting down about half of the oil needs of the eastern coast of the united states. they have confirmed that it was indeed ransom ware. malicious software used in the cyber attack there we do not know the source of that. normally with ransom ware they
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threaten if you shut your facility down and demand ransom for that we don't know who was ordering that just that it looks like that was the source of all of it. and the colonial pipeline management made the decision the better part of valor was to shut everything down before this could get much worse and so it remains down. we'll have more after this. i had saved up some money and then found the home of my dreams. but, my home of my dreams needed some work. sofi was the first lender that even offered a personal loan, and i didn't even know that was an option. the personal loan let us renovate our single family house into a multi-unit home. ♪ and i get to live in this beautiful house, with this beautiful kitchen, and it's all thanks to sofi. you know it's silly six-foot five,
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take a look at the map, show you what's going on now. temps really cool across pars of the northern plains, well below average, 47 in chicago. got down into the mid 30's overnight. got into the mid 40's across parts of the deep south. really cool air settled in allot of the east coast, a cool air snow across parts of the northeast. snow across central parts of new york, western new york. even down across parts of the central appalachians. you have this idea a cloudy gloomy day now more rain comes in tomorrow for mom, unfortunately across parts of the northeast. that's because of this system you see back here across parts of the northern rockies. it's going to dump in some spots 6 to 12 inches of snow across higher elevations. later on today that system drops down across the central plains, brings us severe weather. including the threat for tornadoes. now, this is tornado alley. it's may. this is absolutely the peak of tornado season. if you are in this area certainly be paying attention. tomorrow that severe storm threat pulls off to the
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northeast. let me show you how this plays out with the future radar. here is where we are right now. throughout the day snow into the northern rockies and tonight we see that severe weather across parts of kansas and maybe even some destructive winds cutting across parts of iowa and minnesota. you see all of that moisture that is our storm for tomorrow including some severe weather across parts of the deep south. more rain coming in across parts of the northeast as well. temperature along with all of that is going remain very cool across the northern tier of the country and that's going to be our general pattern a lot of this coming week. here is our highs for the day today. amarillo one hot spot. take a look sunday for mom we cool down there. northern half of the country cooler, southern half a little warmer, not getting any sustained summer just yet. neil? neil: not yet, thanks, rick, very, very much. rick reichmuth. to do list, cooler weather is coming our way, can i still pick up a mother's day gift, oh, yeah, chinese rocket could
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tumble on our head and kill us all. yeah, it could happen today. after this. ♪ ♪ be more successful with payments, payroll, and banking.
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♪ neil: all right. that chinese rocket we're told is going to crash somewhere on earth later today. we just don't know what time later today. we don't know where it will happen later today. odds are we're told from the experts who follow this sort of thing that since 70% of the earth is covered with water it will land on water. of course they said the same thing back in 1979 with sky lab
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when it crashed and was supposed to land on water and actually landed on land in australia. didn't hurt anyone, didn't do much damage. that was then. real concerns right now including the notion that the chinese really aren't very apologetic for this. they think it's going to burn up in the atmosphere and that will end that. but they have a couple more law firmings where the same thing could happen yet again. let's get the read from jim bridenstine. what do you think of this? are you worried about it? >> well, it is definitely a problem. you mentioned that there is a few more coming next year. i would also say last year in may this you same rocket had a ballistic reentry and it flew over los angeles. it flew over central park in new york city and then it landed ultimately in the atlantic ocean. the question is how do we get things to change and that's ultimately what we need to be asking ourselves.
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neil: but we are not, right? i agree quite a bit with you here. and the outrage of this. i often think, jim, since we are the united states facing a quandary like this the whole world would be all over us. china gets a pass. people in these countries meekly worried if this thing doesn't land on the national tower. by and large not much outrage in this. as you said, they have more launchings where the same thing could happen again and they are not changing any plans. >> yeah. that's right. here's the thing. under the 1967 outer space treaty, article 7. interest is a liability convention and that liability convention says that nation states are held libel for the damage that they do are from activities that are launched into space. so ultimately what's going to have to happen if there are damages from this, whatever nation state where the damages happen to take place they need to be challenging, you know, china to make sure that they are
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paying, you know, the damages for ultimately what happens. now, i don't know that anything is going to be damaged. the probability is low that anything will be damaged. but, certainly this is not good behavior and it needs to be changed. neil: what are the odds? you looked at that many launches, you weigh the weather and all these other factors in it. but i understand that the -- you know percentages are low if something could happen. did i see in some of these forecasts that you know, some cities are in its path to say nothing of large urban areas. so you do worry. >> absolutely. the big problem is this: when you are traveling as fast as this rocket body is traveling, if you are off projecting where it's going to reenter. if you are off by 10 minutes which it's really easy to be off by 10 minutes. then you are are off by 3,000 miles. the challenge is ultimately how do we model out when you have a tumbling rocket like this. when you have this very weird orbit that it's in an elliptical
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type orbit and then the atmosphere of the earth that is not uniform, it's very difficult to model. it's very difficult to pinpoint when it's going to reenter, and, since we can't, how do you pinpoint where it's going to land? these are all the challenges that, you know, that the air force right now or the space force is working on. neil: all right, jim. keep us posted. i guess the operative word is just look up. jim bridenstine, the former nasa administrator here. thanks, jim, for all of that by the way, i don't know if a lot of baseball crowds are worried about that. i want to take you to atlanta's truest park right now where the atlanta braves play. it will be full capacity for folks. i don't know mask requirements normally in tight settings that will be the requirement but for so many baseball parks allowing anyone, everyone to fill up all the seats the biggest worry is not only whether, you know, exceed the possible transition rates for the virus but, again,
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with chevy safety assist standard on the new equinox and trailblazer part of the chevy family of suvs. drive safe. >> so let's explain what was behind this decision, governor. >> now, as we've opened up, employers can't find workers. it's across all industries, restaurants are having to shut down for days because they can't find cooks or wait staff. so we made the decision yesterday, the supplemental unemployment benefits, honestly, we've got what we incented. we were incenting people not to work so we made the decision to opt out of the federal supplemental unemployment benefits and replace it with a back to work bonus.
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neil: all right. that's how montana is doing it. getting rid of the participation in the federal program that provides extra benefits to those out of work, to $300 a week and to look for a job, and plenty around the country, and particularly montana, and to $1200. and to get back to work, the pros and cons of getting back to work and meeting the demand. nowhere is that more obvious than in baseball stadiums across the country that are now returning to packing their seats, including in atlanta, where the atlanta braves play at truist park. charles. >> that's right, neil. they're certainly back in business here at truist park. the atlanta braves are opening up the ballpark this weekend at full capacity for the first time in 19 months and they'll continue doing so moving forward, nearly 40,000 fans
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came out to watch the ball game on friday, in a sign that life may be shifting back to normal. and while fans enjoyed their peanuts and crackerjacks this weekend, they can also get vaccinated. the braves are offering adults the johnson & johnson single dose vaccine and pfizer for fans 16 and older and to make their efforts to get more georgians vaccinated, a bit more appealing, the braves, they're also giving away two free tickets to those fans who do get the shot. speaking of getting back to business, that's what south carolina governor henry mcmaster wants in his state by june. he says that south carolina will stop participating in the federal unemployment program which provides an extra $300 a week to jobless americans during the pandemic, and the letter sent out earlier this week, mcmaster writes in part, quote. these federal entitlements pose a clear and present danger to our economy. and since the biden and
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administration have little to no clear apprehension of what's being done and the state of south carolina must take action. the montana governor made similar claims when he announced that his state would withdraw from the federally funded program. >> unemployment benefits should be a safety net, not a career choice. and that's what we have. we have people able to make more money staying at home and it meant that our economy just couldn't get going again. we're going to incent work, not staying home. >> and you mentioned it, montana will replace those $300 weekly payments with a one-time $1200 bonus for those workers who do decide to get back to work, neil. neil: charles watson, thank you very much for that. i want to go to the fellow who knows firsthand how a booming economy and getting back to work and getting everything
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back on stream, can play both ways. with that demand comes a demand for finding workers and right now buddy floyd, jr. cannot, the chateau on the lake and got all the bases covered. buddy, you're facing the same problem, right? business is booming, but finding workers to address that is a real problem, right? >> neil, this is a real problem that is faced from the supply chain all the way to the consumer at the retail level at the restaurant and on average we're having to turn away 30% of business during the week. on mother's day we've got demand for 600 reservations and we can only handle 300, on mother's day, that's a black friday compared to retail, the biggest day in the restaurant industry. neil: so when you put out ads or notices that these jobs are available, what do you hear from people? >> you know, we're getting-- it's starting to pick up in florida because in 21 days the waiver is gone. so the last four days, neil,
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we've had ina-- an increase more than the last four months. we're waiting for the reenforcement of employees, the requirement to look for a job in order to collect unemployment as of the 21st of may is off the table and finally, it's at play here for unemployment benefits. so, we're getting-- we have rock star staff that we have, but the reality is we can't handle the demand. who knew we would have as much demand coming out of a pandemic, but it's here. neil: we're told that with the extra federal benefit, that the comparable hourly rate for these workers could be workers, but staying at home would be in excess of 20, $21 an hour, that's tough to compete with. >> yeah, it's tough to compete with the federal government. we don't have the wherewithal of the federal government has as an industry combined. we couldn't compete against the federal government. that's our competitor to employ and attract people to come help
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us with the demand and the competitor is the federal government and that wasn't anticipated. neil: what other bennies have you been trying to entice people with? >> employees that bring in friends to work with us, we're giving every employee $250 to refer someone, new employees can receive that. and 401(k) and health benefits, and difficult to do with lower employees, but come on board, the training is minuscule, and it's now, they're getting a shift, 300 to $500 a shift out of the gate day one. neil: so these unemployment benefits that were extended were done originally with the best of intentions as you know, but if you had to go back and advise politicians voting for them on both sides of the ledger, i have the feeling you would be saying put a much
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shorter time limit to it. >> either that for time it with the demand, have a formula, as demand and the economy opens, then the enhancement of unemployment shrinks. it was necessary at a certain point, but right now the demand for the diners in the industry of the restaurant, they're dining to go out and eat. people want to go out and be amongst friend and they want to dine out. they've been looking forward to it. it's here. the restaurants, you know, we need labor and we would, you know, when you're setting up programs, remember, eventually we're going to get back to normal. we've got to set up incentives to get back to work as much as helping people get through the bad times. neil: all right. keep us posted. buddy boyd, jr., the chateau on the lake, well regarded in all of the locations and he's in that odd position of business booming, but he can't take advantage of that business booming of all times mother's
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day weekend. i want to keep you up-to-date on this, apparently confirmed cyber attack on the colonial pipeline for those unfamiliar with it, it's among the largest in the world let alone the united states, half the energy of the east coast, military facilities, all the way down from houston. it was malicious software, ransomware where someone compromises your data and demands payment to regain access the better part of valor for the pipeline was to shut the entire network down and two and a half million barrels of oil that is coursing that pipeline is not coursing it now. there's no energy trading right now, but the prices would be spiking as they have to address the stronger demand with the improving economy.
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no word when colonial pipeline is going to get going and for now everything is stopped.
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>> we now went through this worldwide pandemic, very huge differences between red states, florida, california. what would you have done differently if you were the governor with covid-19? first of all, gavin newsom on this issue has been horrible, okay. he's used it as a political tool in this state to shut it down, to control people and that should not happen. he's destroyed businesses, thousands of businesses were destroyed, restaurants destroyed, not being able to open up. he should have done a better job. neil: all right.
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caitlyn jenner among those polling very, very well right now. certainly among the perspective gubernatorial candidates who could take on gavin newsom in what could be potentially probably a late december, october recall election, if it ultimately comes to that. caitlyn jenner leads a list of largely republican challengers. so far there are no prominent democratic challengers coming to mind, although believe it or not this next gentleman's name has come up. john garamendi, house infrastructure committee. congressman, they keep talking about labor prominent democrats coming on board to challenge governor newsom. would you be interested in that? >> i don't think you're going to find any democrat getting on board this election, trying to run in this election. newsom has done a good job when you consider the extraordinary challenge that california and really this nation faced, we're
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in pretty good shape. one year into it, california has the lowest infection rate in the nation. we are reopening. think about what would be if we didn't do the shutdowns. take a look at india, which did not shut down. take a look at brazil, which did not shut down. raging, raging infection and horrible, horrible death. neil: you know, congressman, i would say take a look at texas. take a look at florida. take a look where they didn't do nearly the extreme measures your governor did and they're doing more than just fine. >> well, each part of this nation is different. california is a very complex state with very high populations in very dense populations in our urban area and so we have to do things differently state by state, county and region by region. taken as a whole, california's gone through the pandemic in relatively good shape. there's no doubt that a lot of harm, a lot of harm and a lot of unemployment and a lot of
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restaurants took a huge hit, but generally speaking, we're now in a situation where we are emerging from this pandemic in relatively good shape. fortunately, the restaurants have been able to have assistance from the federal government and the state government, all of which means that we're positioned to really move forward very quickly in our economy, and so, i think this whole recall is an interesting political play, but also, keep in mind that a september, october recall election is just one year away from the normal election for governor of california. neil: right. >> so why spend the money? why go through all of this? if these guys want to run for governor, it's time to run for the 2022 election cycle. neil: you know, you might be right about that, congressman, but the fact of the matter is that this momentum is building
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and there are some democrats who are worried, looking back at the recall of governor gray davis, that there wasn't a democrat to emerge to challenge what ultimately would be arnold schwarzenegger's win in toppling the governor, and that they should be ready for that possibility if this cascades and the governor's prospects look dim and there again, your name, others as well, come up and that democrats should prepare for that possibility, remote though it might be, and that the party should be ready otherwise you're handing the keys a year early to republicans. what do you say? >> well, i say that's an interesting argument, certainly hooking back on the schwarzenegger's ability to really succeed in that special election. he was a very unique candidate at that time and actually i had the pleasure of serving with him and it was a pleasure, when i was lt. governor and he was
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governor. we worked very well together, but that recall was really based upon a very unique period of time in which here we are. we're in a different period now. i believe that californians will be satisfied with the work that governor newsom has done through a very, very difficult period. there's never been a period of time that any governor, whether it's texas or california, has faced the challenges. and i would simply tell you once again that california is unique. we have very dense population in our urban centers and we needed to do a very aggressive public health attempt, wear your mask, and also, social distancing and social distancing means you can't be stacked into a restaurant. we've learned in the intervening months that it is an aerosol, it is-- this virus is transmitted through the air.
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just consider where we would be today if we allowed people in the months of the summer and the fall of this last year, to be stacked into a restaurant side by side. we would have a horrible situation facing us. we're now in a situation where we're emerging. we are reopening in restaurants, exterior as well as interior. all of these things are moving together for a positive outcome in the future. you talked earlier about the jobs issue and i do believe that there is an issue about the supplement. and we're going to once again look at this state by state. region by region, because we're vastly different. northern california, rural areas that i represent versus the urban centers. neil: but you do think that that is an opportunity to revisit that whole extended benefit, but on that point, one of the things that caitlyn jenner has raised in her interest in running for governor is the fact that the present governor is a
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hypocrite. he talks about, you know, everyone adhering to rules, but he doesn't honor them himself. visiting restaurants and all, and that that will hurt him. what do you think of caitlyn jenner as a prospective gubernatorial candidates and governor? >> absolutely no experience in governing a state. neil: neither did arnold schwarzenegger have experience in governing a big state. >> and there were problems. neil: you just said you worked pretty well with him. >> we have a situation, we're in the third or fourth biggest economy in the world, one of the most complex economies anywhere, big agriculture, big water, droughts going on. neil: you were the same big economy when arnold schwarzenegger became governor so-- right, congressman? >> if you have about an hour
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i'll go through month by month as arnold has a very steep learning curve. he was not faced with the kind of economic public health challenge that we presently have nor was he faced with a drought when he came into office. later in his tenure he did have a drought. ms. jenner has no experience whatsoever and really no knowledge whatsoever about the complexities of this economy, of this state, of the employment situation. we need to have a very steady hand and i will say once again, if the republicans are unhappy with governor newsom, they have an opportunity just 12 months following the recall election to go for a gubernatorial candidate in the normal process of elections. i do know, from my own experience, having been there, having been the insurance commissioner at the time, that then lt. governor of the state
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of california that it was very difficult to bring into california, even in the time when the economy was good and moving along, a new person with all the disruption that goes with that. neil: all right. >> so let's wait until the next election. neil: very quickly, very, very quickly, congressman sorry to jump on you. just to be clear, if the party said we love governor newsom, but we think he's a certain loser and they came to you to run, to carry the democratic flag, you would say no? >> well, let me put it this way, your endorsement would not be a big help among the democrats, however, you're a wonderful fellow for the republicans. so, let me just go with that, newsom is going to prevail. neil: i don't think you know my party affiliation one way or the other, but it sounds like what you're saying is you would be a no regardless, right? you would not entertain running. >> i do not anticipate any
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prominent democrat -- there's probably going to be 50 to 100 names on the ballot and one name that's going to be is newsom. neil: we shall see. john garamendi, the california congressman putting his bets on governor newsom. by the way we did call governor newsom's office and did not hear back. hope springs eternal. are waking up to what's possible with rybelsus®. ♪ you are my sunshine ♪ ♪ my only sunshine... ♪ rybelsus® works differently than any other diabetes pill to lower blood sugar in all 3 of these ways... increases insulin... decreases sugar... and slows food. the majority of people taking rybelsus® lowered their blood sugar and reached an a1c of less than 7. people taking rybelsus® lost up to 8 pounds. rybelsus® isn't for people
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>> all right. we are awaiting word right now on civil rights attorney ben crump and the family of george floyd, responding to a federal civil rights series of indictments in the killing of george floyd, considering all officers involved in that tragic incident last year.
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we're supposed to have this momentarily, but members of george floyd's family, representative sheila jackson lee and the attorney will being speaking to the press. when that starts we'll take you there, but again, this is in response to the latest expanded civil rights indictments of george floyd. getting back to some developments along the border. we were telling you in the last hour, things are escalating there, even as they're at a record low. and the latest from del rio, texas. how you things looking right now? >> neil, good morning to you. the ice deportations certainly have been dropping, but apprehensions at the border certainly have not. we're here in del rio sector, quickly turned into one of the hot spots. border patrol in the past week alone, averaging 740 apprehensions every day.
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still a very hot spot here and the local sheriff here telling us he's never seen it worse and that human smugglers have been taking advantage. take a look at video out of san antonio, this is a semi truck that got pulled over by local police after folks reported seeing people in the back of the truck. police pulled it over and there were dozens of migrants in the back of that semi and dhs said they take 41 people into custody and the driver turned out to be a man from dallas, he gets arrested on human smuggling charges and he is facing up to 10 years in prison. hear what san antonio p.d. had to say. >> as soon as the park officer went to contact the driver, the back door opened and several people left from the portion, the back portion of the rig. we were able to contact 29 individuals. >> and what you're going to be looking at now is the infamous
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border patrol facility in donna, texas. 1600% over capacity at that time. there were about 4300 migrants staying there. better news to report today. that's now dropped to about 800 migrants, that's about 80% drop. the feds able to get a lot of migrants out of border control custody and into the custody of health and human services instead. dhs secretary alejandro al mayorkas stating that it's not just open season. the border remains closed and as a part of our all of government effort, we are not only addressing the needs of the unaccompanied children pursuant to the law, but we are also addressing every other element of that challenge.
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including the smuggling organizations that exploit vulnerable children, vulnerable families and individuals and who prioritize profit over people. >> now, you talk to locals and the sheriff here in del rio and they'll offer a contrary view to what the secretary said. they said the border is not closed, people coming over constantly. you can see the rio behind us here, it's running shallow and migrants have been taking advantage of that. we talked to a family of three from cuba direct had i behind us, they're fleeing because they fear persecution from the government there and then another two migrants walked up to the local sheriff's department here down from road where we're at, a group of 70 that have been apprehended. deportations down and apprehensions going up in a hot spot in del rio, send it back to you. >> bill, let me be the latest to congratulate you, very good
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to have you on the fox news team and your investigating reporting skills precede you. >> thank you, neil. neil: and i want to keep you up-to-date on other developments, the pipeline all, but shut down, the colonial pipeline responsible for two and a half million barrels of oil a day. the impact could be severe because any delay in supply, obviously, once trading resumes and that's how a lot of the prices are decided in regular market trading, will continue to tick up right now and they've been ticking up. so you're going to feel that impact. and by the way, not just because of this, but an inflationary cycle that is either pronounced or getting really, really worrisome after this. so you want to make the best burger ever? then make it! that means cooking day and night until... [ ding ] success! that means... best burger ever.
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good night syra. night, drive safe.
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i love you. drive safe. ok buh bye mommy. you guys ready? you sure you got everything? drive safe. we all say it; chevy can help you do it. with chevy safety assist standard on the new equinox and trailblazer part of the chevy family of suvs. drive safe. >> this country's biggest gasoline pipeline is shut down. it was shut down because of a ransomware attack where all of a sudden they're talking about gas prices as a result going up. even if it is back online shortly. lucas tomlinson with more on what's going on. lucas? >> neil, as you mentioned, the cyber attack shut down the largest pipeline in the united states. the company says the hack was discovered yesterday and it's still ongoing. the company, colonial pipeline,
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ships jet fuel and gas to the east coast, affecting 5500 miles from texas to new york, responsible for roughly half the fuel on the east coast, 2.5 million barrels a day. last hour an energy expert described the impact of the hack. >> this is an attack on u.s. energy infrastructure which shows the vulnerability of our system, not only is it going to impact us on the wallet almost immediately by raising gasoline prices, it's going to raise the cost of transporting gasoline and diesel because they have to take more stringent security measures. >> in a statement, colonial pipeline says we proactively took certain systems off line to contain the threat and which has temporarily halted systems and a leading third party cyber security firm was engaged and are investigating. ransomware attacks used
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incrypted devices to shut it down and using it to demand apayment. and it's two months after one in russia and china. and the water in florida near tampa and the super bowl was blamed on iran. and the military is the largest consumer in the world and they have not responded for comment, neil. neil: thank you. i want to take you where the george floyd family is responding to a federal civil rights indictment in the killing of george floyd. multiple officers involved in this one, let's listen in, this is the civil rights attorney. >> on the campus of texas southern university, at their commencement talking about the hope for the future because we believe that these charges that were brought by the justice department encourages future
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generations to know that our department of justice will be here to make sure that all of american citizens are afforded the constitutional rights of life and liberty, and equal justice. the fact that george floyd's family was very grateful when attorney general merrick garland called to notify them, congresswoman, that they were bringing these indictments for the criminal civil rights against those officers for what they did to george floyd, and it was very evident the first time you watched that video that they have violated the constitutional rights of george floyd because of the very basic of our constitution is the promise of constitutional right
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to life and liberty and the pursuit of happiness and you knew watching that video that they had violated george floyd's constitutional rights to life when they prevented him from taking a breath for nine minutes and 29 seconds while those officers kept their knee on his neck and on his back. so when you think about this indictment, you think not just about george floyd. >> yes. >> but you think about the message this sends to other marginalized minorities who believed they were denied their due process, that they were denied their day in court. people like the family of eric garner, people like the family of breonna taylor, and people like the family of andrew brown
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in elizabeth city, north carolina, who right now are battling with local officials to be transparent, to give them their due process and release the video of why he was shot in the back of the brain going away from the police. that's what this action by the department of justice means. it means that the department of justice is harkening back to the historical times when it was only the federal intervention that gave marginalized minorities, especially black people, protection that their constitutional rights would be respected. i know you all are going to have a lot of questions, but we're going to have individuals give remarks and then we'll talk about not only what these
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charges mean in your question, but also, what the charge, the additional charge against derek chauvin for brutalizing that 14-year-old baby, what that means, but i think it's most appropriate that we hear from the representatives who represent houston and the great halls of the united states congress who have been directly responsible for getting the george floyd justice and policing act passed. neil: we're going to monitor this. this is ben crump, the civil rights attorney with local houston area representatives in congress. a federal grand jury, in case you didn't hear, has gone ahead and indicted four minneapolis
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police officers in the death of george floyd so this goes way beyond derek chauvin here. they're saying that justice must prevail here and all the officers involved deprived george floyd of the right to unreasonable-- or to be free from unreasonable seizure, including the right to be free from the use of unreasonable force from a police officer. again, this targets not only the officer directly involved, derek chauvin last time, but the three other officers who were involved in the arrest and later death of george floyd at the time left here. we'll have more after this.
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>> all right. just want to keep you up-to-date on this busy news morning here, right? and this is the colonial pipeline, the largest in the u.s. right now shut down as it
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has been now for hours on a cyber attack that started with ransomware push on those who orchestrated it demanding money. they could compromise and were hoping to compromise the entire system. and folks at colonial hoping to shut it down to avoid that. and two and a half million barrels of oil, gasoline, jet fuel and that during a time of higher demand and when trading resumes, you can expect the prices to pick up. copper, lumber hitting records, and certainly over the last few days, a lot of food-related materials going up and hitting records themselves in the last few days, so, do we have to worry about inflation right now? and just how worrisome would that inflation get? francis newton stacy, jonas max
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ferris and ann berry. ann, are you worried about inflation rearing its ugly head? >> i'm not worried about it long-term. i think that short-term as the world is opening up back up and the supply chain disruption that we've seen get wrinkles ironed out and with the pressure prices, but i don't think over the long-term this is something i'm worried about. neil: frances, what about you? >> yeah, i agree with ann, actually. in the short-term it's going to get a little worse, number one, you have a lot of inflationary pressures in the system that you've mentioned and we do not really have deflationary pressures? what does it mean for the lay person? i think of it like a see-saw. as we come into the latter part of the year there will be some deflationary pressures coming into the system. number two, supply chain and this pipeline is a great example and number three, companies are more in debt than ever and they're going to pass on the debt service costs to
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their consumers. neil: you know, jonas, i guess it depends what you're used to. i don't know if i ever told you this once or twice when my wife and i got our first mortgage. >> is this the story. neil: yes, it is. it was 13 1/2% and we thought we were financial geniuses. and it's perspective. mortgage rates at or below 3%, very, very different. it gets back to what you're used to and does that jar folks enough to make them think, oh, my gosh, it's the end? what do you think? >> i still think you're a financial genius. what i would say is, we are still-- look, inflation in its worst likely morphing will be much lower than historical levels of inflation, however, interest rates are low as well. so the actual inflation adjusted interest rate right now is actually as low as it's ever been. it's negative, actually. yes, back during the time you were talking about. you could earn--
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besides getting a toaster, you could get 12 or 13% on a cd. because there's rising inflation and you're still getting 1/2% on a savings account zero at a regular bank, it could work as a borrower at 3%, i'm worried how long it's going to stick. we're paying people less for goods and services and more money to demand goods and services. hopefully it will go away in months or a year, but if it sticks around to feed the system. if it's built in you expect prices to go up so then you raise your prices and that's when it gets harder to beat it. neil: you know, ann, markets are not worried about this. they don't appear to be. they welcome the good economic news i guess that's fostering this. are you in that camp? >> the markets aren't worried about it because there's some seeing how some of the
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short-term, whether it's labor shortages, whether it's commodity shortages pan out, but i do think as long as they see the fed willing to accommodate this continued recovery, i think the market will be optimistic. it will change at some point i just don't think it's right now. neil: and thank you very, very much. go ahead, finish that point. >> no, the markets don't have the deflationary data. how many people default on their mortgage, where the spending is going, so that's why they're not worried yet. neil: all right. we'll see and jonas, i'm thinking twice about ever having you back on the show. (laughter) >> with the gratuitous comment. thank you all very very much. i don't know what you all are planning to do tonight after this whole chinese rocket thing is settled. supposed to land somewhere on earth. by tonight we'll know where and hopefully no one is hurt. but elon musk is hosting
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"saturday night live" and you wouldn't think that would be an explosive development. but man, oh, man, it's created an outrage of controversy. joe piscopo, one of the best snl alums on what he makes of this after this. 3 out of 4 people achieved 90% clearer skin at 4 months, after just 2 doses. skyrizi may increase your risk of infections and lower your ability to fight them. before treatment, your doctor should check you for infections and tuberculosis. tell your doctor if you have an infection or symptoms such as fevers, sweats, chills, muscle aches, or coughs, or if you plan to or recently received a vaccine. ♪ nothing is everything ♪ now is the time to ask your dermatologist about skyrizi.
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>> neil, elon musk is hosting, with miley cyrus. i'm a wild card, no telling what i'll do. neil: live from new york, it's billionaire hosting snl. the world's richest man hosting the comedy staple. you would think that he was hated around the world. well, he's not really, but
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that's how some crew members have talked about him coming on board. so it's not all stress, but i don't know if joe piscopo one of the greatest team members ever would feel about this. joe kind enough to join us. i think some of them are saying we're glorifying wealth, glorifying someone who has more money than, you know, half the people that reside on earth and i'm just saying that it's a justified reason not to have him? >> no, this guy is great. it's going to be the best "saturday night live" ever. neil, i'm telling you, he's like thomas edison, this guy. he's like the real-- he went from los angeles to texas, he did, right, elon musk. he's like a real tony stark. he's the ironman. and he's great and they could do so many sketches with this guy. i hope he comes out from texas with a texas accent my name is elon musk, i'm from texas.
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something, anything, it will be funny. everyone has to calm down and join together. you know? >> now, the most controversial of recent memory comes to light when donald trump, already a presidential candidate in 2015, was on the show and a lot of crew members were upset with that. they didn't strike the show or anything like that. noi that norah dunn did when andrew dice clay was on in 1990. i think you had since left the show at that point. >> yes. neil: but where do these things go? >> you know, it sounds like the whiners, remember the characters that robin duke and i did on snl, oh, don't want this host on. i don't like him. stop, stop! you've got a job. you're working. you're doing a great job and there's some great talent on the show and everybody stop. mike lindell did jimmy kimmel. it's okay for elon musk to do
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"saturday night live." i think it's going to be one of the great shows. he's mr. green new deal isn't he in the woke environment there? this is a guy has tesla. neil: and i think it's the sheer amount of money. joe, it sounds like his money. 160, 170 billion, whatever he's worth, and everyone, but one person on this planet jeff bezos and it sticks in their craw. and bernie sanders crowd says that's too much wealth. what do you think? >> you can't say-- folks with respect to the great cast on snl and there's talented folks on snl, they're working number one, during this quote, unquote pandemic and they're getting paid pretty much. so money is not the issue here. just make a funny sketch, the tesla where it drives itself. does it have a jersey option where you swung from the right lane all the way to the left lane, the tesla, you know?
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>> great, great, great. i'm going to suggest that elon musk not consult you on the opening monologue. folks, up to you whether you want to watch or not. it might be a moot point if the rocket falls down and hits snl studios or worse, but that's not likely. when a hailstorm , usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. ♪ usaa ♪ if these beautiful idaho potato recipes are just side dishes, we're made for. then i'm not a real idaho potato farmer. genuine idaho potatoes not just a side dish anymore.
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so you want to make the best burger ever? then make it! that means cooking day and night until... [ ding ] success! that means... best burger ever. intuit quickbooks helps small businesses be more successful with payments, payroll, and banking. >> one of america's largest oil pipelines forced to shut down after being targeted by a cyber attack. hello and welcome to fox news line, i'm gillian. >> i'm mike emanuel, good to see you. >> good to see you, mike. >> and this is typically moving about 2.5 million barrels each day. lucas tomlinson is live with everything we know about the attack so far. good afternoon, lucas. >> good afternoon, mike. the cyber attack shut down the largest pipeline in the united states.

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