tv Cavuto Live FOX News May 14, 2022 7:00am-9:00am PDT
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seconds left, and there is no winner which means -- pete: watch shot. carley: oh, what is that? rick: will you go. will: i've won every golf competition. betty's bounces once again. rick: we'll sew you tomorrow. ♪ >> these prices, it breaks people's pockets, and we've got to -- >> it's just incredible right now. we have to do double work. we can't afford it. it's really hard, it's hard. >> people have to decide how heir going to distribute their income. more of it's going towards transportation costs and food, but -- and what about rent? do to you spend it on gasoline? >> gasoline has gone way up and
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food prices too have gone up. nothing's being done about it. >> it's going to kill the people, these diesel prices. >> they have no -- i have no choice but to fill up my tank. there's no other choice. >> definitely too much. and it has to change, hopefully soon. neil: it is the story of the week, and right now it is hitting americans hard. i'm talking about inflation, and it is still out of control. here's how bad things are getting. we're grateful if the rise isn't as dramatic as we had experienced in just the prior month. that is the state of things now with prices spiking at near 40-year highs. the last time we saw that is when jimmy carter was president. concerns that we're seeing the same thing roll out now and rolling around hoping for relief. good luck on that front. but kelly o'grady on how customers and you are feeling. kelly. >> reporter: hi, neil. well, week we saw new inflation data with april's consumer price
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index out. the 8.3% year-over-year number was worse than expected, leading the way, shelter, new vehicles, airline tickets. let's look at where americans see this every day though. 9.4%, the largest increase for food prices in over 40 years. viewers are likely making breakfast. eggs up 22.6%, bacon up 17.7% and cough pee increasing 13.5 -- coffee increasing 13.5%. empty shelves are just as big of a challenge. energy is a pawn point. with the summer months approaching, gas is up 44% year-over-year. regular unleaded hit another record today, $445, and so did diesel at $5.57. that's important because near rhode island everything we buy travels -- nearly everything we buy travels on a truck using diesel. that pain at the pump is not reflected in the ppi numbers. we may not have reached peak inflation. now, neil, those are some of the key numbers, but what does that
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mean in everyday life? this week i visited a discount store in northern california, and here's what consumers are saying. >> rising prices are affecting me around every angle; gas, groceries, markets are down, crypto's down, everything's down. so i'm here trying to fight back. >> reporter: it was so disheartening to see how much people are struggling to buy the essentials. they're so tired. and yet you could also hear some hope in his voice, hope that soon he will maybe find some relief. we've still got prices very high, neil. neil: indeed, we do. the wholesale and the retail front, it is unending, to your point. thank you very much for that, kelly o'grady in los angeles. speaking of los angeles, in california they're going to be raising the minimum wage next year to try to keep up with this. it'll be around $15 minute 50 an hour. -- 15.50 an hour, that would be the nation's highest state minimum wage. others are expected to follow but, again, the spiral effect of
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higher wages and the costs that are associated with that, that often times qualifier those wage hikes, that continues. lucas tomlinson on how the president, and indeed, washington are trying to deal with this. what are you hearing, lucas? >> reporter: neil, yesterday about an hour after you went off the hair the white house blasted out the filing tweet: you want to bring down inflation? make sure the wealthiest corporations pay hair fair share. five -- their fair share. five ours late -- hours later, jeff bezos tweeted: the newly-created disinformation board should review this tweet. when president biden took office, inflation was just 1.4%. today it's the 8.3%, neil. biden blames the gop for this crisis. >> my republican colleagues say these programs help working
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class and middle class people. they say that's why we have inflation. they're dead wrong. under my predecessor, the great maga king, the deficit increased every single year he was president. >> reporter: a new poll finds just 18% of americans say the country's on right track right now. the president's approval rating hovering at just 38%. a majority of the country disapproves of the job he's doing. inflation at a 40-year high and families struggling to find baby formula. republicans say the white house has no answers. >> he's failed black america, he's failed white america, he's failed hispanic america. why? because he just stumbles from crisis to crisis. there is no plan, there is no strategy. he does not know what to do. this white house is a mess, the agencies are a mess, and the democrats rather play politics than get down to the business of the american people. >> reporter: we are now less than six months away from the midterm elections. a recent poll says the economy's the top issue for voters, neil.
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neil: indeed. that was the case for 7 out of 8 of them to, i think. lucas tomlinson following that in washington. right now the markets are sort of just confused by all of this. you know, grateful that we had a good friday which we did for all the averages, but it didn't wipe away the fact that the inflation concerns and the fact that the federal are reserve is going to continue to raise rates maybe aggressively through the end of the year weighed on stocks through the week. in case you're counting it in the case of the dow, seven straight weeks we've seen that. that's the longest stretch of losing weeks in some 21 years. where do we go from here? steve moore joining us, former economic adviser to president trump. we've also got ann berry with us. kristin dehawn as well. welcome to you all. steve moore, to you first. president biden was laying a lot of this at the doorstep of your old boss and his spending and
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the deficits that now he, joe biden, says he's getting under control. what do you say? >> well, first of all, i've got to tell you, neil, you did a great report there on what's happening with inflation. and when you talk about the essentials, i think that's the word the reporter used, those are the prices that are going up the most. i've got to tell you, people get so angry when i say we have 8% inflation, they say it's not 8, i'm paying 10, 12, 15, 20% more for the essentials that i have to buy, the gasoline at the pump, the groceries and other things that are necessary just to keep your family going. and so people are quite angry about this, and i think the big event of this week, neil, was that speech that joe biden gave about inflation where he didn't really have any solutions, he just pointed the finger at others whether it was covid or whether it was trump or whether it was, you know, putin. and the problem is all his solution was, was trillions of
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dollars of more spending. he wants a big tax increase. and nobody was inspired by that. people feel that's going to make and a major increase of spending going to tame inflation? it's not. neil: i'm wondering too, ann, looking at this from the if markets even with the friday advances, they clearly don't think this is a passing phenomenon. now, there are early signs given the latest retail and wholesale inflation numbers that at least the rate of increase could be slowing a tad. we're seeing it in some other commodities, but do you see enough to indicate we're through the worst of it? >> not yet, neil. when you look at the deceleration that came through in april -- meaning prices were still growing but not as quickly as many march -- it was still very close to that 8%, 85% cpi -- 8 8.5. and 11% in ppi. so it hasn't slowed down enough. and i think the other thing, neil, when we're talking about
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what could the white house be doing, the markets n my opinion, are not really looking at the white house to solve this right now. everything that president biden laid out was long range, longer-term investment, longer-term productivity. there isn't a quick fix other than the fed. that would be the nearest institution able to do something to move quickly. and i do think the fed is trying to move, jay powell's trying to move as quickly as he can. the problem is inflation's gone so far north now that we're going to see a couple of painful rate increases. it's very hard to be optimistic right now. neil: kristin, i don't want to lay this all on the doorstep of the president. i know it's something we always do, but presidents will try to take credit when things are good, shift the blame when they're bad. but i do the find a little bit alarming and even some of your fellow democrats find disarming that the president hasn't taken any responsibility for this. do you think that's hurting him? do you think that's hurting his
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credibility here? if this started with him thinking that it was transitory. now, he wasn't alone in that regard. i think the chairman of the federal reserve felt the same. but even jerome powell, the fedhead, has said he botched that. this president says nothing of the sort. >> i think, you know, you saw what was it, like, a couple of months ago there was a shift when -- you know, you need to acknowledge that people are hurting. it's a difficult problem, there's no easy answer. the president has limited ability to do, you know, what he can do to fix it. but i would say one thing that is happening that we don't talk a lot about is when republicans and democrats get together to actually try to do something. on thursday is and behind the scenes the white house very much has a happening in this, republicans and democrats from the house and the senate all got together in what we call a conference committee to talk about what they're talking -- what they're naming the bipartisan innovation act, but to get at some of these to try to crease some of thesish -- these issues. particularly right now when
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things are pretty toxic and hyper-politicized. but the congress is actually for once coming together and trying to figure things out. people are in it. republicans are dedicated, the democrats are dedicated to try to get something done. at the end of the day, you have to acknowledge on the political side of things that people are hurting and, you know, the people in charge generally pay the price at the ballot box in the midterms. neil: and they're angry, they're very, very angry. they're taking it out on the president and democrats. that could change, but right now, steve moore, the only solution i've heard bandied about certainly out of the white house is more spending and more stimulus, indeed, going after the rich and big companies. even shutting down available oil leases and permits. whatever your political views on that, i don't think this past week was the week to announce that. be that as it may, i'm just wondering if we're just sort of floundering here and that's going to be it, it's just going to be the fed dealing with this and god help us if they botch
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it. >> well, first of all, the fed's been way behind the curve as well. they are -- neil: right. >> -- high flakes. i said i think a year ago on this show, neil, that inflation was a big problem and that it was going to get worse. and unfortunately, i and many others like larry summers were right about this. look, the key statistics that you just cited a little bit earlier, when trump left office, the inflation was 1.5%. 15 months later it's at 8.5% and biden's going to blame everybody but himself? i mean, you had the $3 trillion of spending and borrowing that just deluged the economy with cheap money. and it's as plain as the sun is rising in the east that that's going to cause inflation. and yet, again, what, we're going to have $1.5 trillion for student loan debt, another $35 billion for ukraine relief, this absurd competitiveness bill which is just a big corporate welfare bill, you know, $300
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billion on that. i mean, at some point we've got to start paying our bills to bring the inflation if rate down. neil: steve, i might remind you, your old boss was not one to admit a mistake as well -- [laughter] so it might be something in that office. but, ann, is it your sense here that this environment is just going to be a hostile environment for investors? period? you're seeing many crash to suddenly see the rates, i believe one florida bank has -- cd which is, you know, unusual, to put it mildly, and maybe a sign of things to come. and that's still more competition for stocks, and investors will seek that out. what do you think? >> one of the things that's been so interesting, neil, over the last really 12 months is a lot of the old rules to how to predict what was going to go in the stock market just hasn't seemed to apply. we've had a ton of retail investor money, aberrations in
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stock price valuation. we've seen that with things like the meme stocks. we've added the overlay of new assets like bitcoin which have broken some of the old correlations that we've seen and some market news when it comes to rates or inflation expectations. so, you know, i think it's become very much a roller coaster. i think we are going to continue to see real issues in trying to figure out how to invest in the market. it's become totally unpredictable. neil: to pit mildly. guys, thank you all very much. coming in early on a saturday. i know it was being with me, but we do enjoy having all of you to get your pine ifest opinions out there. in the meantime, protests outside the supreme court today. they're coming up later this afternoon. expecting could be up to 20,000 right now. but clarence thomas has been weighing in on all of this and especially the leak of this draft opinion on roe v. wade saying right now there's a breach of trust in the court.
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[background sounds] neil: all right. tell me you haven't heard this before, russian forces on the run outside kharkiv amid a continued pounding by ukrainian soldiers that has the russians heretofore thought to have the donbas region in the east as a lock. far from that. the very, very latest from kyiv where you'll find our greg palkot digesting it and reporting on it all. >> reporter: hi, neil. yes. first of all, we saw another high profile visit here to kyiv from the united states. senate minority leader mitch mcconnell along with senators barroso is, cornyn and collins meeting with ukrainian president zelenskyy in an a unannounced
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stop here in kyiv following the recent visit of house speaker pelosi and democratic congress people. zelenskyy praised online the bipartisan support for ukraine. meanwhile, yes, meehl, the war rages on -- neil. multiple sources are saying ukraine has essentially pushed back russian forces from the country's second biggest city of kharkiv. that is considered a major military victory. still, russia as you noted pounding numerous other positions to the east and the south of this country. underscoring russian losses in the field, the bodies of russian soldiers killed many combat and not collected by their own forces are being gathered here in kyiv, placed in a refrigerated train car, one purpose to possibly swap them for ukrainian prisoners of war now held by russia. and underscore ising russian brutality in the field. the first war crime trial here in kyiv of a russian soldier. he's accused of killing a ukrainian civilian.
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government here says they already have 21 more such cases ready to go. finally, russian president vladimir putin got a call from finland's president today informing him of the country's intention to join nato. the president told putin how finland's security environment had changed since russia's invasion of ukraine. and, neil, allegedly not related to this nato move russia today pulled the plug on electricity it supplies to finland. luckily for the finns, russia only provides about 10% of its juice. still it's not mice to to mess around with the folks in moscow. back to you. neil: to your fine point, that doesn't look like coincidence. thank you very much. be safe, greg. greg palkot following all those developments in kyiv, ukraine. in the meantime here, we're focusing on this planned protest outside the supreme court, up to 20,000 could be marching later afternoon.
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protesting what they say is an outright attack on women's reproductive rights. they're calling it the bans off our bodies march later on tonight it will be followed by marches and protests outside conservative justices' homes. yeah, again. it's getting very worrisome. yeah, again. >> we're going to tell them what this possible decision could mean -- to turn the equity in your home into cash in your hand. newday lets you borrow all of your home's value. you could take out an average of $60,000. that's at least 25% more cash than you get at a bank or credit union. more cash to pay credit card debt or cash to have on hand, so it's there when you need it. since newday's been granted automatic authority by the va, the process is fast and easy
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someplace off away from their homes, that's their prerogative. but again, this is not a final ruling. it's a draft ruling. neil: right. >> and, clearly, these demonstrations are being pulled together to try to influence the final outcome. and that is prohibited based on federal statute. neil: all right. governor of virginia there as well as the governor of maryland petitioning the attorney general of the of the united states to honor law that's on the books that you can't protest the outside a justice's home regardless of their political persuasion when a case is pending. some have interpreted that to extend to regardless of whether a case is pending, but so far no action on the part of the attorney general. former doj prosecutor, partner of a law firm, much, much more. james, that is the law on the books, and i'm a little surprised why the federal government isn't enforcing it.
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maybe you can explain why that may be the case. >> maybe. it's 18 u.s. code 1507, it's a misdemeanor obstruction charge which means it carries u year in prison. and the language in that statute about picketing or parading at the personal residence of a court officer says if you're desiring to either intimidate or influence them. and that's clearly what's going on here. we have a draft opinion that's out, with we've got a bunch of people trying to make it clear that they think they're living the hand maiden's tale or some sort of dystopian nightmare fantasy, and this is just -- what i think bothers so many of us is the uneven application of the criminal justice system. and with this attorney general, it's really stark. he's a very politicized head of the department of justice. i can't imagine if we had had protests at ruth bader ginsburg's house where a bunch of people with maga hats were screaming about some performance she wrote -- opinion she wrote,
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the that federal law enforcement would turn a blind eye. i'm just saying there's authority for the feds to come in and say, enough's must have, go home or you will get charged. that's not happening under this attorney general, and i can't see any good reason for it. neil: jim, clarence thomas was weighing into this in an interview and his concerns not only of form, but safety. this is clarence thomas. >> if someone said that one line of one opinion would be leaked by anyone and you would say, oh, that's impossible, no one would ever do that. there's such a belief in the rule of law, a belief in the court, a belief in what we were doing that that was verboten. it was beyond anyone's understanding. or at least anyone's imagination. that someone would do that. and look where we are.
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now that trust or that belief is gone forever. neil: and that very leak is what has prompted these security concerns right now. when he said that trust is gone forever, that also could mean the security of justices in their homes might be gone forever. what did you think of that? >> yeah. i think his points were very poignant and sad. and, look, this whole notion of rule of law. meehl, we've talked about it a couple times -- neil, with we've talked about it a couple times. that's a highly revered notion in this country with a rich history of respect for it. and what we're seeing with uneven law enforcement measures, what we're seeing by a white house that's seemingly incapable of calling out criminal acts and by the celebration somewhat of a leak which is really a devastating moment for the supreme court, these are all big erosions to the rule of law and, i think again, a very bad day for our jurisprudence, veried wad day -- bad cay for i our
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criminal justice system. and i just feel it's being ignored by people many positions of authority that should recognize the importance of these issue is. neil: james, do you think we'll ever find the leaker or there's any rush to find the leaker? >> yeah, it's a great question. we don't really know who they're tapping into for resources. you know, there's essentially like a private police department for the supreme court that i think works with u.s. marshals a lot on security issues. i'm not quite sure that that should be the end of the line in terms of who investigates it. i think that's pretty sleepy defensive existence working in that court rather than people who are inically investing federal climbs -- typically. but millions you've got an incredibly sophisticated actor here, there's going to be a paper trail, there's going to be someone who either ran their mouth or used an e-mail or a text or a signal to k of communicate with politico that they want to get this word out. so i think we're going to find out. again, my great greater concern
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is the person will be celebrated as some sort of whistleblower when they've done something horrific. and the oh -- other great fear is there could be complicity from a supreme court justice which would make it a thousand times worse. neil: i can't even imagine that, but you're right. that's been out there, the who dun it. i am wondering though whether this could intimidate ative justice or two if such a decision -- and alito was telegraphing this -- man, i don't need the protesters, i might change my mind. do you think? >> yeah, i sure -- i hope not, neil. look, the reason we give supreme court justices and any article iii judge tenure if from life is to the immune nice them from sways of politics and the mob. we don't want them to ever consider the political reper cutses of what they're doing. that's a good aspiration. so i hope that the personalities that have a passed through the gauntlet and become supreme
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court justices look at protests, and they may get very angry, they may not like it in terms of their kids or hair neighbors being exposed to it, but it doesn't have a bit of difference to them when it comes to the actual ruling. neil: yeah. i look at these protests, james, and anyone who lives on these blocks, you know, how do they get into their driveways? how do they leave their homes and their kids? you're right, it's a mess. james, thanks for coming on a saturday, my friend. appreciate it. learn a lot, and i think our viewers do as well. james trusty the. >> sure. thanks, neil. neil: in the meantime here, investigating the trump bump. the former president has had remarkable success getting his candidates to the finish line here. very rarely has he missed the mark, but the big test is coming up in north carolina and pennsylvania this week. and following that, georgia. what's on the line for both the former president and those candidates? ♪ ♪ the final countdown ♪♪
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neil: all right, testing the so-called trump bump, the former president has been very influential in key races across the country that are testing his influence in general as a potential future presidential candidate himself again. but the trump touch is being questioned right now and will be put up on the line in pennsylvania, in north carolina, key primary races in both sates. we've got you cover covered
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there first off with charles watson in pennsylvania. i should say north carolina, first of all. charles. >> reporter: yeah. hey, good morning, neil. it took some time, but north carolina representative ted budd has emerged as the front-runner in the republican primary battle in the latest fox news-approved poll. budd holds a sizable lead over the field at nearly 32% while former north carolina governor pat mccrory trails him. budd had really struggled to establish himself as the front-runner early on and has presumably benefits some from the endorsement of former president trump. but maybe even more so from club for growth, a political action committee pouring in millions of dollars to paint budd's biggest challenger as a pseudo-conservative. >> a lot like mitt romney, a rino republican. >> a mitt romney republican. >> he would always kind of
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flip-flop. he does not do the things that he promises. >> reporter: and the former governor is trying to even the score with an attack ad of his own tying budd to president biden who, of course, is wildly unpopular right now among conservatives. >> by now you know ted budd is weak on putin. to is joe biden. biden is backed by george soros and so is ted bud. >> reporter: meantime, indumb bent freshman representative madison cawthorn is fighting for re-election in north carolina's is 11th district, his biggest challenge coming from chuck edwards who has the back of gop elders in the state including senator thom tillis. this, of course, follows a series of social media blunders and two gun-related issues at airports that has soured cawthorn's relationships here in
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washington -- here and in washington. even the former president who's no stranger to controversy himself has can decided to back away from the freshman congressman firebrand. neil? neil: interesting. thank you very much, charles watson in north carolina on that. now the other state races to watch and the primaries to watch, the keystone state of pennsylvania, that's where you'll find our rich edson, in pittsburgh. rich. >> reporter: hey, good afternoon, neil. and this race has changed substantially over the past week, that that's because of the surge of kathy barnett in the republican senate race. by the way, donald trump, the former president, is against her nomination. he's back dr. maine mehmet oz -- mehmet oz. republicans are training on her, including the former president. she has surged in the polls. finally addressing homophobic statements in her past. >> i don't know how many characters that is and say, okay, we're going to take this chip, and this is what she
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meant, right? we have no beginning, we have no end, we don't know what the context was -- >> [inaudible] >> reporter: the other republicans in this race say nominating barnett given these comments will put a sing state like pennsylvania in challenged be a good year for republicans at risk of democrats seizing this open seat. >> imagine if you're a democratic pollster or a partisan and you're watching women who said openly homophobic and islamophobic statements face all kinds of allegations in her past. we can't even verify some very important parts of her history, and she won't respond to questions from anybody. >> reporter: as for the governor's race here in the republican primary, former president trump has also endorsed the republican front-runner for governor, just happened today, doug mastriano has made overturning the election results a key part of his platform. he was outside of the capitol january 6th, and the former
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president leads his endorsement with, quote, he has revealed the outright heft of the 2020 presidential election and will do something about it. funmy thing about these endorsements, mastriano who now has the endorsement of the former president, but masri january mow and barnette have endorsed one another, appeared to tot even though the former president is against barnette. all tied in together here, meehl. back to you. neil: man, i can't keep up with it, rich. god bless you, you're able to. rich edson in pennsylvania. by way, phil blakeman will be weighing in pretty soon. in the meantime, we're keeping on top of a development here the white house continues to push even in this inflationary environment for getting student loans, depending on where you are in that loan picture, you either love i it or you hate it. >> i think it's wonderful. it's really expensive to go to
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college these days. >> i don't think that's a good idea. we've got inflation up to our necks right now. where's that money going to come from in he knows he's covered with zero overdraft fees when he overdraws his account by fifty bucks or less. overdraft assist from chase. make more of what's yours. entresto is the number one heart failure brand prescribed by cardiologists and has helped over one million people. it was proven superior at helping people stay alive and out of the hospital. don't take entresto if pregnant; it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren, or if you've had angioedema with an ace or arb.
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neil: two big developments we're watching right now and keeping an eye on for you even though they have not yet happened, but they will happen later today. one, of course, outside the supreme court where we're looking at upwards of potentially 20,000 protesters marching for abortion rights. they call it a bans off our bodies march. that is expected to start later on today, a little after noon. on the right-hand side of your screen, you're looking at an aerial shot from our drone of eagle pass, texas, where again a judge has stayed off the suspension of title 42 that formally goes away in 9 days. the argument among 20 u.s. attorneys general right now is that they do not want to see that phased out because they say
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it's just going to lead to migration wave that will dwarf anything we've seen since. again w on the right-hand side of your screen, what has now been sort of a 73-7500, you know, migration exodus along the border. many fear that it could easily triple. if that title 42 goes away. the latest there and what's happening there with the mayor of eagle pass, democratic mayor, why she's worried that the president hasn't done enough to crease this or even speak out -- address this or even speak out on this. meanwhile, let's get the latest on these pivotal primaries that are testing donald trump's endorsement star power. phil wakeman of real clear politics joins us on the phone. what do you make -- oh, you're not on the phone, you're in person. good to see you, my friend. >> you too, sir. neil: we were talking in the
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last block that these the will be big tests for the president, big tests for the shape of the party, the republican party. how do you see it? >> we're watching in realtime a question of who actually is going to be having the most influence here. is it the former president who conventional wisdom has told us is the most popular politician in the republican party, or is there something else afoot here. that's why the pennsylvania primary is so interesting, because for the first time it seems that this populist energy that perhaps that could actually even eclipse the president, perhaps his own encoursement might not be -- endorsement might not be enough. and perhaps the base is so infatuated with this new candidate, barnette, that they could say thanks but no thanks to the president endorsement. neil: how has she involved so far so fast? it's sort of like watching a brush fire, to the point where
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president trump kind of watches how he characterizes her. doesn't think she could win, he would endorse her if she could, but she's proven to be a sensation. >> these two other candidates, oz and the other, they've within going at each other, and this has created an opportunity for her just to step in here. and if you look at the amount of money that's been spent, she has spent a fraction. so you have these two other candidates who are going negative, it's given her the opportunity to step into the limelight here. of course she's gotten help from two very important outside groups, that's the susan b. anthony list and also club for growth. we'll see if some of these last minute attacks will derail her or if she can, you know, skate to the victory here without at lot of media scrutiny and by telling voters, hey, you know, don't listen to outside voices, just listen to me. neil: you keep track of these things, we talk all the i'm
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about the trump bump and his endorsement means a lot. it can secure victory,ing thing also make him -- it can the also make him a more attractive and strong candidate should he decide to run for president again and and maybe intimidate can others from running themselves. >> you nailed it. we're not just asking the immediate question of whether or not donald trump's endorsement leads to more votes for candidate x or y in a primary and then eventually a general election. we're also asking a larger question, and that is does he still have sway within the republican party. can he still bring those voters along. and certainly, if you look at politicians who are running, every republican save a few probably would welcome the endorsement of the former president. they wouldn't mind having him on their side. but i think that as we get closer to, you know, november and as we get through a lot of these primaries, we're going to have a better idea of what the word of donald trump means to
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the gop base. and i think that he is going to be reflecting on that as well as he decides, hey, do i want to run for president for a third time. neil: do you think he does? >> i think the, i think the former president enjoys playing golf. i think he enjoys being sort of the, you know, the power behind the throne and having all of these prospective 2024 candidates come kiss the ring, but i'm not certain whether or not he's made up his mind as to whether or not he wants to run again because the wig risk -- big risk is perhaps he would actually lose, and i'm not certain if he could face losing to, you know, president biden for a second time. neil: all right. you know, as president he could still continue golfing. [laughter] phil, it's always great to see you, my friend. thank you very much. phil wakeman on all of that. out of the blue it was just a tweet from elon musk, but it shocked the technology world. actually, it shocked the market world. while i'm at it, maybe the world
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in general. reassessing that twitter deal saying it's temporarily on hold. is this his way of saying, nah, this isn't worth it? after this. home, and need cash, call newday usa. i'm tatiana, here to say you can get an average of $60,000 with the newday 100 cash out loan. that's at least 25% more cash than you get at a bank. it lowers your payments by an average of $600 a month, too. with today's soaring home values, the time to turn your equity into cash is right now.
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on protecting the right to vote and defending obamacare. but what's republican eric early's passion? early wants to bring trump-style investigations on election fraud to california, and early says he'll end obamacare and guard against the growing socialist communist threat. eric early. too extreme, too conservative for california.
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♪ if. neil: all right, is elon musk up to? he has a $44 billion bid on the table for twitter. a lot of other rich guys, companies and investment firms supporting that bid and easing the price tag pressure for him, but along comes a startling tweet this week that that is temporarily on hold as he investigates just how many of twitter's users are real. and whether that is a problem to the point that maybe what he
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buys isn't what he thought he was buying. so he could shelf it or renegotiate it. what's going on? to susan l are i on all of that. what are you hearing on this? >> so mercurial, isn't he? that's a report, by the way, on how many spam bots represent twitter accounts. that has been around, that report has been around for several years now, and people are thinking on wall street at least, it looks like they are renegotiating taxing especially as the calculus has changed with tesla stock down 40% and, oh, by the way, now the social media company like twitter is being discounted at 25% cheaper than when he actually offered to take the company private. so there's probably been a rethink in terms of how much twitter is worth. he's still committed to the deal, but it depends on price. $54.20, it looks a lot more expensive right now. is it at $40? and will there be a second bidder who comes in and says maybe twitter might represent value for other people.
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but i'll tell you, when he says he's committed to the deal, as you said, there are other backers involved here, and with these types of town squares, neil, once the tide goes out, there's other places to go, and people have lost legitimatesty in these town squares, hay go elsewhere. so i think there's that risk as well. neil: now, if he broke this up for any reason, he'd have to pay a billion bucks, right many that's changinging -- >> yeah, he can afford that. neil: yeah. how likely is that? >> he's using this report, by the way, you can get out of that break-up fee if you show cause, and i think he's probably using the spam bots report saying, well, their numbers that they presented to us, are they justified, are they legitimate? if not, we have cause to walk away from deal, and we don't have to pay that break-up fee as well. but if you think about it, i also see analysis with some people on wall street, they're saying a billion dollars on a break-up fee, he can afford
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that, and especially it looks cheap if he can get twitter for $10 billion cheaper. neil: real quickly, for tesla a lot of tesla shareholders were nervous that he might get his eye off the ball here and that was the currency, certainly the collateral he was going to use to buy this. >> yeah. neil: the stock was moving up over the last couple of days on the notion that maybe this isn't such a sure thing. that would be a relief if you're a he's tesla shareholder -- >> yeah, you know, elon musk already heads up two big companies, spacex launching rockets, and tesla which it was worth a trillion dollars up until recently. but he's pledging $20 billion of his own shares. he's pledging roughly around 10% of his own private wealth and worth to buy twitter. but again, as i said to you with the stock collapse that we've seen, you know, the whole calculus has changed and whether or not, you know, he wants to put up that kind of money in these type of uncertain times.
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but there is an elon musk premium. remember when steve jobs leavitt apple and he started this clunk- neil: i remember it very well. >> -- company called knecht? people didn't actually believe in the product, but they invested in steve jobs. neil: the personality. yeah, that personality matters. he's got a big one. thank you, susan l are i, thank you very much for that. we're back to the border, what's going on there, after this. see him? he's not checkin' the stats. he's finding some investment ideas with merrill. eyes on the ball baby. digital tools so impressive, you just can't stop. ever... ...
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place the planned ending of title 42, many envision a nightmare at the border, beyond anything we've seen to date, where the number of those trying to cross into the country could easily triple to as many as 20,000 per day. bill melusian with more. >> yeah, neil, good morning. even with title 42 in place, the numbers here are starting to skyrocket and the activity from what we've seen shooting through the roof. take a look at video we shot where we were standing here yesterday at eagle pass. this was a single massive group 150 illegal immigrants who crossed in broad daylight in front of the texas national guard and border patrol. this is the third day in a row we saw a group that size passing through this time and actually the eighth time this week they had a group this size 0 crossing over. this was mostly colombians,
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venezuelans and cubans, when the groups cross, they're happy to be here, thumbs up to the camera and waving at us, and knowing under the biden administration policy they will be released. and here is a group of 52, brazenly in broad daylight no fear of being caught. they're turning themselves. colombians, and venezuelans and cubans. one border patrol agent on. at the cartels know that and that's when they'll push the drugs through. last one, this video unfortunately we learned that a couple of nights ago four people drown in the river here in the rio grande, including a three-year-old boy from nicaragua. they tried crossing the river at night and they never resurfaced and the video you're
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looking at are mexican authorities searching for those bodies and this has been an incredibly deadly area, this is where fox news cameras witnessed a man drowning a couple of weeks ago, where two children drown last week and close to the area where a texas national guard soldier drown last month and back out here live in eagle pass during the month of april there were about two dozen drownings in the rio grande. we'll send it back to you. neil: if your point, bill, only worse as this thing goes away. thank you from eagle pass. with us with time to talk to us in the middle of this, the mayor of eagle pass i think us right now, the mayor pro tem. will be joining us shortly. and as bill said, there's a lot at stake here, not only at the border, but beyond. mayor, good to have you. >> good morning. it's nice to be here, thank you for this.
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neil: no, thank you for joining us, mayor. if title 42 goes away, mayor, what does it mean for you and your town and the area? >> okay. good morning, first of all, i'm mayor pro tem for eagle pass. it just means that, as you can see, you just said now, the influx of people coming in. you know, i understand that title 42 immigration, you know, totally different things, one is related to health reasons and we understand that, you know, but i'm an educator and in education we say use all the tools you have, all the tools in the toolbox and if that's all we have title 42 to use it as a tool, let's please use it, let's not remove it keep it there so we can put a hold, try to slow down the influx of immigration coming in. neil: have you, mayor, had a chance to reach the white house or those at the white house about the importance of keeping this as you just said, for the
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time being to remove it would be bad? >> you know what? no, we haven't had a chance to go over there. matter of fact, i at times suggest that to the mayor, to the city manager, judge, anybody who would want to make it over here, and maybe it's time for us to go over there, and ask them to see what's happening down there. neil: got it. but he has not come down to the border. the president -- the vice-president did once and went on to say she was going to the root of the problem i believe by going to guatemala, that's it. does that bother you? >> exactly, you can't take care of what's inside of your house if you don't care of your house first. we have to take care of this before we can take care of anybody else. neil: the fact that they're not coming down, there is no indication that there's planning a visit. what does that tell you with or
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without title 42, it's going to remain a problem and a worsening one. >> pretty much it tells us that the borders are being ignored. you know, it is bad because we are u.s. citizens and also we live in the border. a high percentage of the population is hispanic and unfortunately it sends a huge message for us, we're are being totally ignored at the border and that's not what the u.s. should be about. neil: all right, we hear this a lot, mayor, from republicans. i know you're mayor pro tem, but you stand out many among many because you hear democrats saying this, do you run into fellow democrats who prefer you not being saying this? >> well, you know, it's different. a lot of people here in the community, you know, they have family for bringing light to this issue and i'm sure they're not happy with it and it's okay, because at the end of the day, it's happening, it's here and you know, it is what it is.
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so, yes, if any of my friends or co-workers or are upset, i'm sorry, it is what it is, we need the help, we need this title 42 to remain in place as an educator, we use all the tools in the toolbox, so all i'm saying i know that immigration and title 42 are different things, but you know what, if that's the only tool that we have and all we can use right now please keep it in place. neil: so, mayor, a number of your colleagues have been critical of governor abbott's approach to process those who are taken at the border, used to be processed, paper work in texas, and sent them on to washington d.c. and others on planes to new york city and elsewhere. what do you think of that? i believe jen psaki in the white house called it a stunt, a political stunt. what do you call it? >> you know what? i'm not a politician, i'm a public servant of the city.
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i'm going to tell you fortunately for some, fortunately or others, he's done more for us, at the end of the day it is what it is, and if he's sending those people to washington or new york, maybe that will bring attention to what is actually going on down here. neil: so, as a mayor, and you're watching this, regardless of your party affiliation, and you hear the focus on the border is much ado -- they don't say nothing there, but it's not nearly as bad as it's portrayed. a couple of interviews we've had, ma'am, you've painted a pretty bleak picture, that's pretty bad. so, who is right? >> well, if you come down here and you see people jumping into the river as if there were fish in the water, would you say, yes, it is. i don't think that people are informed, a lot of misinformation out there.
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and i don't think that people realize to get asylum in the united states is extremely hard. unfortunately, this is looking more like a business and somebody's profiting a lot of money from this, and i can tell you it's not eagle pass. so i don't know what is going on, i'm not i guess privy to a lot of the things that are going on up there, but i'm just speaking from my heart and speaking about what's going on in my community and i can tell you what's going along on the who he will border not just eagle pass. if people don't want to talk about, it's okay, it's their choice. it is what it is. your cameras down by the river see it on a daily basis, 300, 250 people, seven people drown two days ago. i'm sorry, a three-year-old baby how could that be happening and the people are thinking we cross, we stay there. we know that's not the way it is, the united states it's a country where there's a policies in place and you break them these people will be illegal the rest of their
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lives. and few will be able to stay legally in the united states. like i said, a lot of misinformation and things that need to be said and are not being said for whatever reason. it seems like we don't want to abandon anybody anymore so we don't say things the way we should say. so, you know, i really don't know. i'm just speaking for myself and what's happening in my community. unfortunately, there is a lot of people that are the knowledgeable. eagle pass, we get phone calls, what are we going to do with the people walking the streets and staying here. it's beyond our control. we don't do that, we do local business, this is federal, this is federal and something that should have been taken care of many, many years ago, immigration reform and all that, again, i'll say 42, immigration, reform different things, but go and in hand the end. day, please, let's leave that tool there, utilize it, let's not do away with it because right now it's not the time.
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neil: mayor, thank you very, very much. good of you to take the time. yolanda ramon, the democratic mayor pro tem right now dealing with a crisis, and she's speaking out as a concerned mayor for her people. and the russians are having a devil of a time locking down lands that were supposedly already theirs. we'll be speaking with chuck hagel the former secretary of defense after this. veteran homeowners, need cash? at newday you can borrow up to 100% of your home's value and get up to $60,000 or more. we called and got $96,602. that's more than ever. we called and we got $62,810. home values are soaring. now is the best time in history to turn your home equity into cash. we called and we got $68,201.
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one of my favorite supplements is qunol turmeric. turmeric helps with healthy joints and inflammation support. unlike regular turmeric supplements qunol's superior absorption helps me get the full benefits of turmeric. the brand i trust is qunol. >> exactly what is the end-game to the war in ukraine? president zelenskyy on the wires overnight thinks it's possible all this have ends by the end of the year, with ukrainians scoring victory. he's emboldened to make the remarks successful attacks of
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ukrainians soldiers on russian soldiers taking down a bridge and making it difficult for regions of the country that heretofore were thought to be under vladimir putin's control. chuck hagel, former secretary of defense of the united states of america. mr. secretary, good to have you. >> thank you, neil. neil: secretary, the russians do appear to be having much more difficulty even in lands they claim are their own and they had a lock on, controlling and maintaining that so-called lock. anything but. what do you make of this tide that clearly is turning in areas where we thought they were impenetrable? >> well, first of all, neil, i think you've got to look at the performance of the russian army. it has been miserable, and in many ways that's predictable. they have no nco corps, they're not trained well, not paid
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well, they're conscripted and what that means, they're very young with very little training. their weapons are a problem because they have had a disastrous logistical training. you cannot invade another country with 150,000 troops, 180,000 troops without a strong logistical train behind them to keep them equipped. and second, the ukrainian rye sis tense and competency of the ders and leading starting with president zelenskyy. also, there are other factors here. you're seeing the slow strangulation of their economy with sanctions. russia has no friends. they have no allies, they're not getting any support from anyone. they've asked china for supporting assistance in
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armaments. they're not getting that. so, this thing is not over, probably a long way from being over, but the trends here are very good. i mean, it's for ukraine, it's been terrible. the violence and what the russians perpetrated on the people, the innocent people of ukraine, but as you say, right now, i think the ukrainians have the offensive. long way to go and it's going to be brutal and unpredictable, but right now, they're doing the right things for the right reason. neil: secretary, finland, as you know, is on the verge, a parliament debate to becoming an n.a.t.o. member which appears ton prefunctory right now. there are signs that turkish president erdogan, turkey, isn't too keen on that.
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could you see the possibility that he votes against this and this doesn't happen? >> well, yes, i know erdogan well. i first met him with joe biden in december of 2002 when biden and i were in the middle east and he had just been elected, his party just been elected and swept up 90% of the parliament. i've known him a long time and dealt with him and he's a bit volatile and erratic, in the end because much of this is about, you know, the pkk, kurdish group up in the northeastern part of syria, they've been at war with the turks for many, many years and erdogan has maintained that the countries of finland and sweden have been spots where they welcomed these pkk members and they've helped them.
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the pkk membership is a terrorist organization, at least as we've declared them. so that's the real issue. i think in the end though, they'll be able to work this out and in the end, i think, turkey will be okay and will vote for the entry of those two nations, but it's unpredictable. it's unknown, but that's my feeling. >> it's unclean exactly how the russians will respond to this. they've not threatened some military action as some feared, but just this morning they did cut off electricity exports to finland even though they represent a small portion of finland's electricity needs. that wasn't just coincidence, was it? >> no, and i think that the fins have anticipated a reaction from the russians and i don't think this is any surprise, but i think they are prepared, as sweden is, but finland, obviously, is more vulnerable right on the border.
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and because they have such a long border with russia, i mean, it doubles the miles of border with the soviet union and europe. and this is a big deal. they have finland, want to move into n.a.t.o. and they're pretty much prepared to do that and comply with all the restrictions and all the dynamics that you need to comply with in order to join n.a.t.o. swede is a little different, but finland is very strong and very sophisticated and very well-trained. they've ordered 64 new f-35's from the united states, so they've got an up-to-date military and an excellent military. neil: you know, much is made of when you become an n.a.t.o. member, an attack on one member is attack on all. let's say that n.a.t.o. goes ahead and approves finland as a member.
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would or could the russians do something before that's formal and would or should other n.a.t.o. members not yet formally finland having joined, defend finland if it were attacked? >> well, they could, but in this instance, neil, what n.a.t.o. has done, they've gone ahead and moved forward guaranteeing a security blanket for both finland and sweden. so, i mean, russia could still invade or attack, but what n.a.t.o. has done here is preempted that and saying, no, they're covered under this preliminary membership blanket, security blanket that we'll guarantee their security. >> so other n.a.t.o. members would respond in kind if there were an attack of finland before it was formally an n.a.t.o. member? >> yes. neil: got it. all right, secretary, very good seeing you. thank you very much. >> thanks, neil. take care.
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neil: the former defense secretary of the united states chuck hagel joining us on the rapidly moving events. the cut of electricity for finland sounds like a tit for tat, but that sounds like part of that. you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. i'm steve, i lost 138 pounds in nine months on golo and taking release. since taking release, my sleep is way better. my inflammation has gone way down. i'm nonstop now, i feel way better than i did before. i don't sit down in life anymore.
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>> another day, another record. it has been the case for gasoline and diesel gas, each and every week we hit a record and no signs of stopping. in case you're counting right now the fact of the matter is we're up to levels we didn't think we'd reach in the beginning of all this and that was long before the ukraine war. the bottom line is we're looking at a record $4.43
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national average, price per gallon for regular gasoline, regular unleaded versus a little bit more than $3 last year at this time. diesel is at an all-time high 5.56 a gallon and not going anywhere anytime soon. at the oil and gas association, the president kind enough to join us this saturday. how high is high, do you think? >> well, high high is too high for us to afford it and that's a problem that we have. we're in the greatest challenging energy crisis we've been in in 50 years, as we've said, diesel and gasoline prices are all-time highs and inventories at all-time lows and what did the administration do this week? what was the major in energy announcement? to pull federal leases off the table and trap billions in the ground. it's frustration, this administration has no strategy to get out of it and frankly the actions they take are counterproductive to those of us trying to solve this
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problem. neil: you know, they come back at you and we've talked about this before and say well, we did open up permits and leases to you guys. you didn't jump at them and now you're whining that we're shutting down extra ones, you weren't tapping anyway, what do you see? >> the action this week was off-shore leases off alaska and gulf of mexico. those leases are different than trying to get a thousand acres in wyoming. there are multi-million dollar projects that take years and years to get in place and the industry was interested in the leases and wouldn't have been nominated anyway. i'm calling the white house and interior department b-s on this one, we're interested in it, they pulled it and that's unfortunate. neil: and saying that your industry is making a lot of money and that it's an obscene amount of money what do you have to say? >> we have to face this in the house of representatives this week as the democrats are pulling up what they call a
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price gouging bill. the realities you read through it. to be honest it's a price control bill. as you read through that, they talk about giving the president the authority to determine what is unconscionably excessive in t leaves the white house with the ability to tell us how much we can and cannot play for a commodity. that's problematic because price controls as you know, leads inevitably to shortages and the commodity you're trying to control and leads to high translation. and what we say look, you have a better way of doing this, the question you should ask yourself every action is this. if you're trying to address the energy crisis if will this increase to the american customer, if not, don't act on it. >> it will continue to restrict our ability to develop domestic
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resources and without providing relief to the american taxpayer. neil: and granting you a permit and/or lease doesn't mean it's quickly approved. it might look and sound tempting, but it can still run you through the riggers, getting it finalized. and where does it go the prices going higher? could the very high prices and high interest rates we're seeing lead to the kind of slowdown to, sadly, brings on a recession, but the flip side is all of these prices go down as a result? is that what it's going to take? >> well, that's a good question and the last thing anybody wants in their own market is demand collapse and i think the industry is very cognitive, cognitive of that so that's why we're race to go get as many rigs up in the air as we possibly can, to build out our infrastructure and work around the registry obstacles that the white house is putting in place. our goal is to be able to provide energy and the
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challenge we have from the oil and gas perspective is that 83% of the energy produced is produced by independent companies who have no say what the actual price at the pump is. we're like farmers, basically, we're price takers, so blaming the independents for the cost of gasoline is like blaming a farmer for-- that sold his wheat for the cost of a leaf of bread in the supermarket. our goal is to get as much in the market as we can and the market will work through it. in the world a massive collapse like the covid period because we've seen the challenges of infrastructure that comes from that. neil: and even opec is warning that this environment is going to lead to a big old slowdown across the globe, hurting them, hurting you, hurting everyone. it's a sign of the times. tim stewart, thank you very much for coming in, we appreciate it. >> thanks, neil. neil: in the meantime i want to take you to chicago where an abortion rights rally is going
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to be building up soon there. they're expecting quite a crowd as they are in the nation's capitol right now, upwards of 20,000 could descend on the supreme court, to say nothing of those protesters who have made their way to some conservative justices' home. in washington, they're calling it the bans off our body. i don't know what they're calling it in chicago. it looks like the same theme and it's going nationwide. you're probably thinking that these two are in some sort of lover's quarrel. no, no, no. they're both invested... in green energy. and also each other. digital tools so impressive, you just can't stop. what would you like the power to do?
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>> advantage governor desantis in florida, it looks that way legally. a judge in florida is dropping a lawsuit filed on behalf of florida taxpayers, concerned that removing special privileges that disney enjoyed the better part of 60 years would saddle them with potentially billions of dollars in new taxes, to say nothing of carrying the obligations of debt that tear to here to forethat disney carried. and there was a doubling of revenues in the late period, including the theme parks and including the big one at disney world. and let's get the read from the constitutional lawyer and former federal prosecutor. katie, first on the judge and the lawsuit dismissed on behalf of florida taxpayers fearing they're going to get stuck with a big bill here.
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what did you make of that? >> neil, i wouldn't read too much into this particular lawsuit. this was a very creative filing by a democratic lawyer running for senate and the lawsuit was dismissed under several grounds, the least of way-- not the least of which that there's no warm occurred at this point and any future harm would be considered really second to this. and in addition to that, there's really not a federal question that was raised in that lawsuit. i think that the vast majority of litigation will be taking place in the state of florida, and initially that will go for the taxpayer issue at this point. >> so, you've got a year to resolve this or thereabouts and maybe cooler heads prevail and they reach some sort of accommodation, and these turn over to the state and surrounding two counties at
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disney world and this is the usual of a billion dollars or so in debt that shifts from disney to somebody. how does that sort out if they can't sort this out. >> i think right now we're waiting for the other shoe to drop, if you will. governor desantis has said that disney is responsible for that. he has not explained the legal theory to get around what seems to be an obligation from the state to take care of that debt. in terms of a lawsuit, taxpayers are not going to be able to file a lawsuit until it's right, that specifically show a law that specifically impacted them. in it particular lawsuit, it was in the future, it's possible that they may have this obligation, but the legislation that exists right now does not specifically say that taxpayers will be responsible for that, that is disney's argument, but that remains to be seen and governor desantis maintained he does not agree with that. that's why that particular
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litigation would have to proceed for any taxpayer lawsuits could be litigated in addition. neil: if people were worried, disney shareholders, for example, were worried about this hurting the bottom line. there are other things hurting the bottom line for lot of companies this past weeks, six or seven actually. this isn't one of them. the disney revenue in the latest quarter. the last one included that decision were strong at theme parks, double the revenues they had a year ago. so, so far little immediate impact. for for example to cancel reservations and probably pay penalties if they do. but if it does hit the bottom line or it could, again, too early to tell. that could change the dynamic here, right? >> well, absolutely, it could, in terms of the damages that disney has claimed will claim
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they're facing. i think for the next year or so, it's business as usual for disney unless and until there's other agreements reached. governor desantis hasn't made any more information about what the plan is, but they're rescinding this district with what could leave disney in a very different position in terms of their tax liabilities to the states. they've reaped a lot of benefits through the arrangements over the years and they have insen -- incentive to try to maintain this. it was premature if it ever were right in the courts. neil: interesting, i understand that better now thanks to you, katie. i appreciate that. >> thanks. neil: we'll be following the developments on the mouse house here. in addition, following developments across the nation on the planned abortion protests, probably going on across the country. one in chicago, again, another one in washington, but we're understanding in new york and
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philadelphia, atlanta, other cities planning similar rallies, most totals are for those who want to maintain abortion rights and feel that it's threatened by this draft from supreme court justice alito, that seeing that roe vs wade could be overturned. these bans off our bodies are popping up, no more so than in the nation's capital, expecting upwards of 20,000 we're told and the same groups are once again going to protest outside of conservative justices' homes to send a message what you're doing is wrong. we will have more after this. veterans. if you own your home, congratulations— home values and home equity are going up and up. thousands of veterans are turning their equity into an average of $60,000 with the newday 100 loan. it lets you borrow all of your home's value so you can get at least 25% more cash than you get at a bank. rates are still near record lows,
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this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes. each, with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you. >> all right, i want to take you live to the city of washington d.c. the district, of course, chicago illinois, large crowds gathering there already in the windy city where they don't like the political winds where
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they could be blowing when it concerns roe vs wade, hence the bans off our body, and probably all over the country as wum react to the samuel alito drafted memo, possibly, possibly overturning roe vs wade. and they're engaging protesters outside of their homes. there's a law against that sort of thing, nonetheless, it's not being enforced. lucas tomlinson, what is expected there? >> neil, we're about an hour from kickoff here on the national mall, whereas you mentioned there's 380 events across the country. chicago, new york, right here in the nation's capital, a direct report of the leaked draft opinion to potentially overturn roe vs wade and we won't know anything, the national park service is
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expecting up to 15,000 people on the mall and right now i can say there's about a thousand about an hour away from this event being started and of course, this comes after there's been protests at the homes of supreme court justices, especially the conservative justices. of course, there's a 6-3 conservative majority on the court. those protests taking place since the draft leak last week and more are expected today, neil, at about 2:00, they're expect today march from here on the national mall to the supreme court where those protests will continue. this comes few days after the senate tried to vote to put a constitutional right to abortion, of course, that failed by 51-49 vote at senator man chin from west virginia saying that the law was expand abortion, of course, there are seven states in the country where there are no restrictions on abortion, neil. and we're about an hour from
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start and hearing from politicians and potential celebrity guest, we're not sure who that's going to be, we're standing by. neil: thank you, my friend, lucas tomlinson, it's going to bet louder and louder and kicks off less than an hour from now. keeping you posted on that, and also the push to forget student loan debts, goes quite high, up to $125,000. and those who have paid off those debts and wonder how did i miss this? and they're not happy about this after this. (driver 1) it's all you. (driver 2) no, i insist. (driver 1) it's your turn. (driver 2) nope, i think it's your turn. (driver 1) i appreciate you so much, thank you so much... go. (driver 2) i appreciate your appreciation. it fills me. (burke) safe drivers save money with farmers. (bystander) just for driving safely?
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>> as a matter of fact. i graduated under grad last year and trying to pay them back. >> i'm graduating this week and absolutely, next week it will be me for the rest of many years paying it off. not looking forward to it, but part of life. >> and about student loans being forgiven, how do you feel about that? >> i think it's wonderful, it's expensive to go to college these days. >> i don't think that's a good idea. we've got inflation up to their necks right now. where is that money coming from. >> people who don't go to school, for people who do go to school. >> how do you feel about those people getting the loans forgiven. >> i think it's kind of a good thing, but if you already paid them back, then that kind of sucks. i know i'm not lucky enough to get them forgiven and i wish i
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was i've got a lot of years. >> how do you think it will impact the economy especially with inflation? >> it's going to impact it on some form or fashion. >> the future of inflation and rates rising for everything. and kind of a little nervous, at least i have a job lined up. >> how do you think the people who have paid student loans already feel about the likelihood of people having their own loans now forgiven? >> that doesn't seem too fair. there's a lot of things about forgiveness that seems unfair. it's going to be inconsistent. the policy is not fair to everybody, some people get cut short and some people are the winners. it doesn't seem fair. neil: all right. what is that old line john kennedy used to say that life is unfair. he was talking about the happenstance of those who go to battle versus those who have a desk job, but this applies to a lot of people let's say who have already paid off student
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loans and college loans and wondering where is my benefit? let's get the read on this with susan lee of fox business and john caldwell and kelly o'grady all things money. it's a very divisive issue. a lot of people are saying, great, we need the help anything we can get. others say wait a minute, i paid mine, my parents helped me pay and now we can't get in on this. how much is this festering? >> yeah, i mean, i can tell you, i'm still paying off student loans so i'm in that camp that, you know, dealing with this, but i've talked to a number of folks from business school and whatnot and frustrated, because some of them have paid that off and they're out there, you know, earning money from their new jobs and saying, okay, well, that would have been great. i would have loved to save that money that is now going to be forgiven by the administration and what i'm hearing is a lot of people are saying this is
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just a policy move. this is just, hey, i want to get people to vote for me in the next election, let's just give money, let's make people go to the polls and think, i want to do this. so there's a lot of frustration among the people i'm talking to. >> and i talked to the president of purdue university and the tuition rates are frozen i think the better part of 10 years, it's tough to do, but something like this, he thinks will hurt the college institutions and the very kids it's meant to help because at other colleges, those fees will keep going up and that's the history of more generous loans, year by year, it only em boldens college administrators to keep hiking prices. what do you think of that? >> it's certainly true. it's true if folks know their loans are forgiven, why do i need to put in the effort. i'm going to take the free money do whatever in school and that's it. this tells the story how desperate democrats have become. we're probably going to see the
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desperation and probably see weed legalized next and what's next? we're going to give awe pound of weed per voter per stimulus. neil: as a matter of fact-- no, go ahead. >> right. [laughter] >> it sound farfetched, but we did see the crack cocaine kids going out, too, for racial justice and wanted to prioritize the black communities. and we think about the numbers, eight million borrowers in default. if you forgive $10,000 a borrower we're talking $321 billion from the federal government and of course, we're dealing with inflation and where does the money go and we heard one of the individuals just mention, in your package there, this is a question that people have to ask themselves. do we want to give away our own money or make people commit to keeping their commitments and that's what we did when we signed up for student loans. neil: you know, when you think about it, you flip it around
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and say, is this canceling debt goes up to those making $125,000 a year, you could look at this as a boon to the wealthy. >> well, i was also looking at what it means to the national debt. it's at $30 trillion from my last numbers, but you pay $180 billion monthly just to service to debt and so that means that the national debt went up $2 trillion in 12 months. so i'm thinking about the influence of impact-- >> i don't mean to interrupt you. the way they're going to pay for this is to just add to the debt and that's right. we all pay for that. i interrupted you, go ahead. >> you're absolutely right because it does fall on the shoulders are everybody else, especially if you're for giving loans to certain select few and i would say that for those retroactively that have paid off student debts that paid at 10% interest on that loan, i mean, is there going to be some retroactive forgiveness as
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well? >> what if there isn't, what if this never happens? it will be brought up again and again, it's been brought up a number of times over the past decade. i don't think this is going away. >> yeah, i don't think so because of course, you have a number of people graduating college, graduating grad school and saying, yeah, i love this idea of getting free money, of being able to save or go on vacations and what not instead of paying off this debt. so i think na the seed has been planted and we're going to have to deal with this over and over, but what i do worry is if we were to go through with this, forget the frustration and the debt. what is this teaching people? this is teaching people. >> absolutely. >> okay, you know what? you can just whatever, your mortgage, everything can just be forgiven in the future. would it stop at student debt? >> that's what you're saying, real quick. >> we used to be a personal responsibility nation. we need to get back to our roots. we need to get back to our foundation. people need to go back to work.
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there's a lot of job openings, how about you work a job where there's need for you and pay off your own student loans? >> all right. there's a comment for you. and redeems you from the cannabis comment at the start. good stuff all thank you, very much. >> and the rates on capital hill, and susan li instead of slapping it on our debt. eyes on the ball baby. digital tools so impressive, you just can't stop. what would you like the power to do? ...the tower cam for a - hey! folks, we seem to have a visitor. it looks like - looks like you paid too much for your glasses. ...who? anyone who isn't shopping at america's best - where two pairs and a free exam start at just $79.95. book an exam today.
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(vo) every business, big or small, coast to coast, needs internet that can keep up with its demands. verizon has fast, reliable internet solutions nationwide. so you can power your business to do more. find the perfect solution for your business. >> more than a thousand pro choice protesters are expected to march down the national mall here in washington d.c. today. we'll come back to that in just a moment. first, let's get to the primaries, contentious primary race ins multiple states going up tuesday in pennsylvania, and three top contenders, the candidates in north carolina making final pitches to voters. welcome to fax nice
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