Skip to main content

tv   Cavuto Live  FOX News  August 27, 2022 7:00am-9:00am PDT

7:00 am
all right. will: should i drop it like -- pete: you better not. will: all right, coach. pete: we got a winner? >> will. pete: will? [cheers and applause] ♪? >> i say if you take out a loan, you should pay it off. i don't rely on the government to pay my debts. >> i think a certain amount of loan forgiveness is good. >> i don't support it. >> why can't we educate our young? why can't we foot that bill? >> for somebody with loans, it sounds amazing. like, who's going to fay for it? >> i think any amount of forgiveness is beneficial.
7:01 am
>> i paid for my student loan, and everyone else should too. neil: the price tag for president biden's student loan handout growing and so now is the pile-on, and it's not just coming from republicans. some swing state democrats are coming out swinging against it as well. why someone here that a alone might want to tell taxpayers what they need to know and maybe worry about. and still what we don't know in this battle two wean the justice department and former president donald trump. we do know that his legal team is making a new request for a special master to look at everything the department of justice and the fbi, all those documents that it had because of that heavily redacted affidavit that really isn't showing much. meanwhile, the current white house is still insisting it was in the dark about all of that from the very beginning. jonathan turley on maybe what we could read from that. welcome, everybody. i'm neil cavuto. lots to tell you about including the loan forgiveness that is getting a very unforgivable response from many americans who claim what you do for them, why
7:02 am
aren't you doing for me in let's get the latest now from the white house and lucas tomlinson. >> reporter: good morning, neil. before leaving for delaware yesterday, president biden defending his decision to spend billions of dollars to relieve students of their debts, paid for by the american taxpayer. >> this is not going to cause inflation, number one. number two, it will generate economic growth. it frees a lot of people up. it's going to grow the economy. we still have a way to go, but i'm optimistic. >> reporter: in what some are calling the biggest speech of his career, federal reserve chairman jerome powell says he has to keep raising interest rates to bring down inflation which sent markets tumbling, the dow plummeting 1,000 points. >> higher interest rates, slower growth and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses. these are the unfortunate costs of reducing inflation. but a failure to restore price
7:03 am
stability would mean far greater pain. >> reporter: the white house says student loan relief will cost $240 billion, but experts say it could cost twice that. the big brains at penn wharton say it could cost four times that, neil, $1 trillion. here's the quote from their report: total cost is $605 billion with under strict, static assumptions. however, depend on future -- depending on future details to be released, total costs could exceed $1 is trillion. and as you mentioned, neil, eight democrats have said publicly they do not support president biden's student debt relief plan, all running in critical races in the midterms including tim ryan who hopes to beat j.d. vance in ohio, a state that donald trump won in 2016 and 2020. neil: lucas, has the white house commented on these latest sort of rejiggered figures that show this could cost about $250 billion more over the next decade? i know that's a moving target.
7:04 am
that would be inflationary. and this is more spending that would be the kind of stuff that maybe jerome powell was talking about yesterday. >> reporter: correct. and remember, report or from penn wharton says the estimates are based onion static assumptions, but, of course, things are changing all the time. inflation, economic growth. there's a lot of assumptions in these estimates -- estimations, so the white house appearing to downplay. the big brainings at penn wharton saying it's going to cost $1 trillion potentially. it's a moving target. neil: hang, my friend, very much. lucas at the white house. let's get the read on all of this because you probably heard yesterday the markets tanked, dow losing better than 1,000 points. a lot of it had to do with jerome powell speaking in jackson hole, wyoming, speaking on inflation. his big concern right now and the markets' big concern as a result, he's worried about inflation and will fight that to the best of his and the fed's ability even if it means a
7:05 am
slowdown and economic pain. the markets read that to believe, uh-oh, we've got a storm ahead of us. katherine rivera, scott martin and michael zano, an economist who takes a close look at some of the impact. michael, the president's argued with his latest plan it isn't going to be inflationary. that's in the eye of the beholder and crunching numbers that go out ten years, they a barely get it right looking out a week or so. but having said that, is this the kind of stuff that would complicate what jerome powell wants to do? >> by itself, i actually don't think so. the problem that we face is this $1.7 trillion in student loans. and that's a burden for our whole economy because it's so large. and we want the millennials to get married, to have kids, to buy houses, start businesses. and this is a pretty moderate
7:06 am
amount. the progressives, like senator warren, wanted a much bigger number, like $50,000, which would unnecessarily reward people who are irresponsible with the amount of debt they took and who are not going to pay off as much. so i think this is moderate. but what's important is the pause on student loan payments, some of them very large, which has a big impact potentially on inflation that ends in january. and i think that actually has a bigger effect on inflation than reducing the total student loan balance a little bit. neil: you know, i can see a little bit of what michael's talking about, scott, but a lot of people say, wait a minute, i duet any paid off my -- dutifully paid off my loan, many right through covid itself. and their parents, the same, and we're getting no relief. this also happens in the same week we learned 20 million americans are behind on utility bills. what's to stop them pa saying
7:07 am
help me out or, you know, another 15 million americans behind on their mortgages right now? it is potentially a slippery slope, is it not? >> i was thinking the same thing. moral hazard. and totally the reaching out the hand to say just give us a little help because, like you said, neil, the folks that didn't do things, let's say, the best way. i mean, i know there's obviously individual circumstances, but the folks that got behind and, obviously, are going to get forgiven, it doesn't exactly show the best example. but it does show the historical example as we've seen over the course of time and on both administrative sides but certainly more, i think, on the democratic side that they're always going to help out and reach out these hands and try to do this intervention that they think is best, and it's not best. when you take away that free market aspect, when you skew things towards what we're talking about, say, in this example today, that messes up that a market and changes the whole land landscape of things and will compel more bad behavior in the future.
7:08 am
and so you have to try to tackle this the right way which is by helping people get themselves out of this by stepping out of the way. neil: you know, we can debate, you know, the wisdom, even the ethics of this ad nauseam but, katherine, i'm curious as to what jerome powell was saying about the bigger economy right now where we stand. he seemed to send an unequivocal message that inflation is my number one battle, and even if it leads to economic pain, even if it leads to a slowdown, i gotta do what i gotta do which means prohibitively higher rates to come. we don't know how much higher. but what struck me in his remarks is how he said even when i'm done, whenever i'm done, i'm going to hold back for a while and see how it's going. in other words, i'm not quickly going to reverse what i just did. what did you make of that? >> i think the market is discounting too quick of a reversal, so inflation is already at 40-year highs above 8%, and it's really, quite
7:09 am
frankly, a joke to think that inflation could come to the down to the 2% target just letting things run as they are. the fed as has to hike rates, and they're going to, and i suspect that jay powell's kind of disappointed in biden's kind of political move heretofore give any -- here to forgive any amount of student loan. i think it is inflationary because anything that incites prices going higher and people to consume more is by definition inflationary, and that just exacerbates or makes it more difficult, the fed's job. so the fed is going to have to hike more. unemployment has to go higher, productivity is already dropping. cost of, you know, employee costs are rising. so that means that we're probably going to see some jobs being lost over the course of the next couple of months just to get inflation down. so the last thing we need is the government, you know, acting like a fairy got mother, when it's mod -- godmother. the government can't just say, poof, your debt is gone. somebody has to pay for that.
7:10 am
so people should be responsible for hair own decisions whether they're good or bad, fiscally responsible or not and, ultimately, the buck stops with the individual, not with the federal government for whom the taxpayers are really the ones ponying up the money here. neil: i'm just wondering, michael, when i was hearing what jerome powell had to say if he has sort of found his inner paul volcker, the famous central bank chief back in the late '70s and early '80s was raising rates a full percentage point at a time. he whipped inflation, but we were many a devil of a recession compounded by that. i'm wondering if he has now sent a message to the markets if that's the risk, i'm going to do it? >> yes. he's trying to send that message for a couple reasons. volcker, of course, was credited with conquering the 1970s inflation and a little bit of a tough cost, very difficult thing leading ore session which is often seen as education in. some people say deregulation
7:11 am
also played a role and, you know, market forces this in bringing down inflation in the 1980s. but volcker is credited. there was a painful recession, and he's also jawboning. he doesn't want the stock market and the housing market to get carried away, because inflation is usually partly a symptom of overheating. and he wants things to cool down and, if necessary, he probably is willing to get very, very tough now by pulling after a band-aid all at once. get it over with. half measures, if they pail, could be much costlier later, and that's why we heard tough talk. he wants to warn, and he's also trying to shake up the stock market, the housing market because, unfortunately, now is not the time to overheat. he wants to cool down the economy a little bit. neil: real quickly then, scott, as the stock watcher here, on the next meeting are you expecting a three-quarter point hike? because that was what he did and the fed did in the last two. >> you know it, and i think he's got to do it.
7:12 am
but what he's got to realize too, neil, is the market is really frisky right here. to your point earlier, the economic pain is already here. the word pain didn't really surprise me because, hello, in the last 2-3 months, we've been feeling pain. the consumer's getting hit, housing market's getting hit, fed's going to wait up and realize they've got to be done hiking, because otherwise -- can. [background sounds] neil: i like that. well, the affidavit wasn't really behind the big selloff yesterday, but there are a lot of questions about that affidavit that's now been largely released but, of course, heavily, heavily redacted. that means blacked out to the point that it's very hard to realize, but there was a lot to glean from that. of course, this was the rationale behind raiding donald trump's florida home to get their hands on a lot of documents he had there. alexandria hoff following all of that. what have we learned? >> reporter: even through
7:13 am
these heavy redactions, we're able to see a bit of a timeline. the affidavit describes in january trump representatives turned over 15 boxes of records to the national archives and an invest if was sparked once the justice department went through those. the department found highly classified documents, 184 had the classification markings, 25 marked top secret, and other records labeled indicated they contained information on -- human sources or spice as one might call them -- spies. thus, the probable cause stated to justify the raid was the belief that additional classified documents would be pound on the premises along with evidence of obstruction is as they wrote there. the white house maintains that the office was not privy to this or warned about the rate, and when asked yesterday with about former president trump's claim cha he had declassified the documents in his possession, the president said this:
7:14 am
>> [inaudible] declassifieded all those documents. he just declassified them all. >> i just want to know, i've declassified everything in the world, i'm president, i can do it all. come on. i'm not going to comment because i don't know the detail. i don't even want to know. i'll let the justice department take care of it. >> reporter: former president trump took to social media once again calling the investigation a witch hunt and added, quote: affidavit heavily redacted, nothing mentioned on nuclear, a total public relations subterfuge by the fbi and doj or our close working relationship regarding document turnover. and, neil, due to a paperwork error, the trump legal team had to resubmit a request for a third party torn or special master disease it's called to to be appointed to oversee the handling of what was collected. neil in. neil: wow. so this goes on a bit. al sand drink ya, thank you very much. in the meantime, what did this really come down to? it's a back and forth over documents that the government is
7:15 am
saying, the justice department's saying the president should not have had in his residence. he had long argued -- that is, donald trump -- that he didn't have the documents and he had given over pretty much everything they had wanted anyway, so now the raid? now they found the documents, and now people are wondering by saying that he didn't have them when he did, is there potentially an obstruction of justice charge here in that might be a legal stretch, especially when you're talking about a former president of the united states. we're on that after this. ns. lots of them. so, we promise to be here, with prices you'll love, if you just promise to put your heart into it. seasons change, but our lowe's price promise is everyday. shop fall at lowe's today. ...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. ♪
7:16 am
does it get better than never getting lost? ♪ does it get better than not parallel parking yourself? ♪ alexa ask smartfeed to feed the dog. does it get better than feeding your dog from 50 miles away? yes... it does. at buick we see a future that's even better. because the life enhancing innovations you've never even dreamed of? buick is dreaming of them every day. i'm jonathan lawson here to tell you about life insurance through the colonial penn program. if you're age 50 to 85, and looking to buy life insurance on a fixed budget, remember the three ps. what are the three ps? the three ps of life insurance on a fixed budget are price, price, and price. a price you can afford, a price that can't increase, and a price that fits your budget. i'm 54, what's my price? you can get coverage for $9.95 a month.
7:17 am
i'm 65 and take medications. what's my price? also $9.95 a month. i just turned 80, what's my price? $9.95 a month for you too. if you're age 50 to 85, call now about the #1 most popular whole life insurance plan available through the colonial penn program. it has an affordable rate starting at $9.95 a month. no medical exam, no health questions. your acceptance is guaranteed. and this plan has a guaranteed lifetime rate lock so your rate can never go up for any reason. so call now for free information and you'll also get this free beneficiary planner. and it's yours free just for calling. so call now for free information.
7:18 am
neil: all right, the drama over this affidavit that supposedly justified the raid on donald trump's home comes down to documents they were convinced he a had there, that there was, according to the affidavit, probable cause to believe evidence of obstruction would be found. by saying that, hinting that, they suggested that some of the documents could have been there in violation of the espionage act and still more might be
7:19 am
forthcoming. so the raid ensue. but now we hear in the same document that the government has well-founded concerns that steps might have been taken to frustrate or otherwise interfere with investigation if facts in the affidavit were prematurely disclosed s. so in other words, there was a building fear among those trying to get their hands on these that donald trump or those working with him would use the very same documents to obstruct justice itself. hence, that link, if you will, that that was more than just having documents you month have in your possession. want to pursue that with jonathan turley who joins us on professor -- no, he's not, he's here in the flesh. [laughter] >> hi, neil. neil: what they're arguing is, i guess, and you know this far better than i, of the 184 classified documents, it isn't so much that 25 were top secret, that 92 were considered just secret, 67 confidential, it's
7:20 am
that they point to maybe this being potential ammunition for him and cause for an obstruction of justice case. explain that to me how that could be. >> welsh not clear -- well, it's not clear what they mean by obstruction the, because one of the criminal statutory provisions that they relied upon is efforts to obstruct an investigation. that could come in the form of a number of things, you know? the classification markings on the documents could have been changed. the material could have been actively hidden or falsely denied as being in the possession of people at mar-a-lago. and it can be -- [audio difficulty] to these document -- [audio difficulty] that may be what is underneath all those black lines. i mean, we learned much in the sense of confirming what had
7:21 am
been previously leaked, and the media's been reporting a series of leaks coming from the government. but we till don't quite know what the 13es firstty of the obstruction allegation was. was it in the handling of these documents and the reporting of their possessionsome or did it go to -- possession? or did it go to something broader? neil: why were these documents at mar-a-lago to begin with? >> well, that's a good question. i don't know why marley after -- particularly after the trump team was confronted in january and then in june why there wasn't a wholesale surrender of these documents. after all, you can get the documents back, right? you can take a mature and measured response, you know? you could say, okay, i'm going to hand over these documents, but we believe that we have a right to these documents, the president has a right to possess them. and that apparently did not
7:22 am
occur. what we don't know much is still that timeline. you know, we previously heard a lot through leaks and other sources of what to occurred up to june 8th. ironically, what we gained in the redaction was we made it into june 9th because there's a line that said trump counsel thanked them for the e seat of their let or on june 9th. -- receipt of their a letter on june 9th. that's it. but we really need to know what happened during that month period before the raid, why it was necessary to do the raid itself as opposed to a second subpoena, whether the trump team basically told them to pound sand, that we're not going to give you these documentsful. neil: so real quickly, he had documents the national archives had worked to try to get back to him, they were in the process of giving back a few, but the national archives, i guess petitioned the white house counsel's office, to give them up and then he didn't and then
7:23 am
there. -- this. is that where it ends? some real quick. >> i don't think that's where it ends. now we have to decide going forward whether there'll be more disclosure, whether a special master might be appointed. it's ready or belated, but there would still be volume -- value to it. neil: jonathan, i'm jumping on you rudely. we're going to get more on this and what's happening at the border right after this.
7:24 am
i'm a performing artist. so a healthy diet is one of the most important things. i also feel the same way about my dog. we got her the farmer's dog sent in the mail. it was all fresh. i want my dog to have a healthy and long life. the farmer's dog helps that out. see the benefits of fresh food at betterforthem.com
7:25 am
♪ ♪ how's he still playin'? aspercreme arthritis. full prescription-strength. reduces inflammation. don't touch my piano. kick pain in the aspercreme.
7:26 am
neil: well, the wheels on those migrant buses continue to go round and round, and where they'll stop, nobody knows right now. keeping track of better than 1500 buses of migrants that have dropped off migrants in new york city and washington d.c. texas has bussed over 7400
7:27 am
migrants to washington, d.c. alone, 1500 in myself, and the buses including the latest just this morning in manhattan arriving just a couple of hours ago. andy harvey joins us right now, texas police chief. sheriff, very good to have you. you know, you've heard what the homeland security secretary mayorkas had to say about these actions on the part of governor abbott to bus a lot of these migrants to points north, that it was wreaking havoc. what did you make of that? >> well, it's going -- good to be on with you, neil, first of all. but as far as that havoc, reality is we've been having havoc for if quite some time now, for many years. so it's nothing new for us. and so now it's havoc because, obviously, other people are feeling some of what we experience down here. new york, washington. so perhaps that's why he made that comment. neil: chief, maybe you can help
7:28 am
me understand what happens when these migrants arrive on these buses. they're given a piece of paper which sets a court date much as it was if -- it would if he were released many your state and have been in the past. but from will, it's anyone's guess what happens, right? >> that's right. and the problem is, neil, is that there's an expectation that they're going to return, and that's probably not going to happen for the majority of people. and so the real problem is how do we solve this with some rational, common sense immigration reform so that we can least, you know, keep count of who's here and know who's here. i think it's a matter of public safety in the end. so i think that's the real issue. neil: but it doesn't seem like we do track them, right in once they're off that bus and given that piece of paper to return for a court date, we hope they'll return. i don't know what the percentages are as to how many do, but no one's tracking them, right? >> no. and, again, this is nothing new.
7:29 am
the reality is, is that they are in all of our communities. and so how we deal with them at the local level is why i'm here really, because it affects our public safety, it affects our communities. and so we need to talk about this and we need to come up with a plan so that we can better, you know, account for them and also engage them and make hem part of our community. the reality is, neil, they are here, and her in new york already -- they are in new york already. so whether they see them downtown this many times square or washington, d.c. across from the white house, they're they're already there. what do we do with them? just pretend they're not there, or do we engage them and make them part of our community and make communities safer as a result? neil: if i'm a would-be migrant and i'm looking at those uncoded off these buses all over the country, i'm thinking to myself, once i'm there, i have a good chance of also being there, right? >> that's right. that's right. again, so it's not really solving anything.
7:30 am
in crime, in the crime world we call it, law enforcement, we call it crime displacement. we're just moving the problem. we're not dealing with the real issue. neil: all right. chief, thank you very much. explained it in ways i could understand. it just reminds people many these cities this is what you've been dealing with all the time. it's an eye-opener for even sanctuary cities to look around and say, wow, there's a big risk anded isenly a big responsibility. andy harvey, texas police chief, thank you very much. we've been following some pretty stormy, rocky weather across the country right now. it depends on where you are. this much we do know, it doesn't take much to get flight cancellations and delays, and we're seeing hundreds of those on top of thousands over the last week. here we go again, after this. ♪ baby, you can drive my car. ♪ yes, i'm going to be a star. ♪ baby, you can drive my car -- ♪ and maybe i love you ♪
7:31 am
7:32 am
7:33 am
7:34 am
your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire neil: all right, if you're not going to buy an electric vehicle, maybe we can force one on you. california doing something that we've never seen before out of a state, saying that all gas-powered vehicle sales are done, a kaput, by 2035, and they will shoot you if they see you in one. that part i just made up. that's really tacky. but the fact of the matter is it comes at a time when this whole ev push is on even though about
7:35 am
5% of the american population owns one. but they hope to change those numbers, if maybe this is a step in that direction as jonathan hunt reports now from california. jonathan. >> reporter: neil, the era of the gas-powered car and pickup truck is coming to an end in california, and much of country might soon poll suit. follow suit. the california air resources board, which is the last word on these kind of issues, voted this week to progressively ban all gas car sales, mandating more than one-third of new vehicle sales be zero emissions by 2026, three-quarter withs of sales by 2031, and by 2035 every new car or pickup sold in california has to be zero emissions. the benefits, according to supporters of the new rules, include the environmental impact, less dependence on oil and, therefore, greater energy
7:36 am
security. and supporters say the auto industry is onboard with this radical shift. >> the car companies, every one of them has technology. they've all made announcements about how fast they're going to transition to electric vehicles. so it will be disruptive. so the word i would use is, yes, it'll be disruptive. but it's not shocking and it's not surprising. >> reporter: but there are concerns, among them the capacity of california's all too often unreliable power grid to keep up with increased demand, the dependence on china for the raw materials to make ev batteries, the scarcity of charges in many places, the range limits of electric vehicles and the sheer cost. >> right now average price of an electric vehicle is $60,000 plus. low income or moderate income consumers can't afford electric vehicles at that price, so we have to work as a society to
7:37 am
help manufacturers come up with the technologies to drive that price down so that ev can be affordable for everyone. >> reporter: a dozen states have said they will likely follow california's lead, ask together those states account for something like one-third of all u.s. auto sales. so there is no doubt, neil, this is a seismic shift for the auto industry and for consumers. neil? neil: jonathan hunt, thank you very much for that. want to go to bill flynn right now, the price futures -- phil flynn -- senior analyst. he is our energy rock star. we go to him with all the dumb questions that i usually have and he entertains. phil, this idea that electric vehicles are going to be cheaper and all that, for now that's very much the case in terms of powering them, not so much buying them. and then there's the issue of how we're powering hem, usually
7:38 am
through utilities powered by natural gas or, god forbid, coal. i'm just wondering where that goes. >> yeah. it's going to make the world more polluted, and it's going to make electricity a lott more expensive. and that's part of the problem. if you look at the california power grid, the way it's set up right now, neil, the only way heir going to be able to charge an increasing amount of electric cars is going to be with coal and natural gas. their power grid doesn't have the ability to switch over to wind and solar, not without billions of dollars of investment and a lot of that's going to come from the taxpayers. and the other thing they're not talking about, neil, is what is this going to do to the cost of electricity? right now it's relatively cheap, but it's going to go through the roof. and look at what already, neil, today over 20 the million americans are behind on their electric bills right now. what's going to happen when these prices start to go up? we're going to see people see their power cut off in the poor and the middle class. and i heard jonathan hunt say,
7:39 am
you know, yeah, you know, the carmakers are all onboard on this. sure they are. because the taxpayers are subsidizing these companies to make these electric cars. if they had to do it in a free marketplace without government subsidies, this would never be happening. neil: it's weird too, phil, i've talked to a number of the big automakers that are making big push, welcomed this development in california because that's going to be the wind at their back. heir going to say, all right, if we can't force them into buying these pricey electric vehicles we're making, maybe california, maybe down the road the nation can. what did you make of that this. >> you know, i think it's the automakers giving in to big government trying to force people's, you know, change in life. but i'll tell you, neil, the problem is that you're forcing americans into a technology that that's been proven for, you know, over, you know, 100 years it is very efficient into a more inefficient technology that supposedly is cleaner. but when you really spread it
7:40 am
out over time, it takes years for it to have an impact on the environment. i mean, by the time you start making millions of these cars, it takes a lot more greenhouse gas emissions to produce them, and you have to drive 'em, you know, for over 20,000 miles just to get a break even on carbon emissions. and at that point you might have to replace the batteries, right? so this is really an inefficient technology being forced down the throats of americans, and it's going to do long-term damage to the economy, and it's going to fall on the backs of the poor and middle class because it's going to make electricity almost unaffordable. neil: and our grid is shaky as it is. we'll see many california they've got time to address these issues. not a lot of time, 13 years, but we shall see. thank you very much, my friend. phil flynn on all of those developments. you're getting relief at the gas pump, but not when it comes to natural gas and utilities. and he's quite right, 20 million americans behind in their utility bills, can you imagine
7:41 am
if the demand builds and prices go up? how that could rise? we're on top of that. but other developments pote- post-covid that show maybe, maybe florida's louiser rules during the -- looser rules during the crisis weren't so bad overall. in that a state restaurants are booming. in blue states, not so much.
7:42 am
7:43 am
7:44 am
(energetically) you guys are crushing it! see how the 8 grams of healthy protein in land o' frost premium meat gives you energy and keeps you full? let's get those buns toastin' bread. cheese. 10 more. go! ♪ i'm getting shredded! ♪ make the smart choice. land o'frost premium meat. neil: director, do you think the lockdowns went too far? >> so i don't necessarily want to revisit question of lockdowns that predated me. but what i will say is we've updated our guidance in the context of few information, and sometimes we have to make -- of new information, and sometimes we have to make a decision before we have the information we want. >> i think we should always learn are lessons from the past, neil. you look at things we may not have done perfectly or even not done well, you go back and you try to learn from that. neil: all right.
7:45 am
both saying kind of what florida has been experiencing may be an anomaly to some, but in retrospect not to all, this idea of very, very harsh lockdowns and restrictions. florida seemed to have the least of any state, but the end result was their numbers didn't radically differ when it came to covid cases than states that had people sheltering away in closets and cabinets. not cabinets. anyway, hay did a lot less of that in florida, and the proof is in the economic pudding right now. the state is booming as ashley webster can tell you, so are restaurants. ashley. >> reporter: well, neil, it's a very simple formula are, low taxes, low regulation and higher profits. case in point, this restaurant in st. augustine, river and port. guess what? if business is booming. and it's the same story elsewhere in florida where patronage is up more than 30 percent, and compare that ott so-called blue democrat-run
7:46 am
cities. according to open a table, from july of 2019 to july of this year, san francisco down 45.9%. portland, oregon, down 45%. seattle, off 40%. philadelphia down 39%. and even new york city off by 37.9%. as the country shut down during the pandemic, florida actually saw business skyrocket. >> florida has seen a boom in the economic development during the pandemic. the flexibility we remote work made a huge difference. i think that was the -- it was the historic mobility. why not here? >> reporter: with no personal million tax and no no payroll taxes, the cost of living is certainly cheaper, and the number one ranked state for tax burden is, wait for it, new york. florida comes in at number 46. just another big chew as to why with florida -- clue as to why florida business is thriving. neil, back to you. neil: ashley volunteers for the hard assignments, like going to
7:47 am
the sunshine state and checking into restaurants and giving us a huge expense bill. haven't seen that yet, we'll see how that works out. ashley's the best. meanwhile, going back to the moon 50 years after we were last there. art miss rocket you've been hear about, it is a monster. bigger than the vehicles that brought us to the moon many, many times. we're going back. charlie duke, the apollo 16 astronauts -- astronaut, the youngest man to walk on the moon, on what he makes of that after this. ng about affording all the things. so, we promise to have your back, if you just promise to take in the fall colors. seasons change, but our lowe's price promise is everyday. shop fall at lowe's today. i'm gonna earn 3% on dining including takeout with chase freedom unlimited. that's a lot of cash back. are you gonna stop me? uh-oh... i'm almost there... too late! boom! earn big time with chase freedom unlimited with no annual fee. how do you cashback?
7:48 am
chase. make more of what's yours.
7:49 am
for decades, i've worked at the intersection of domestic violence and homelessness. so when prop 27 promised solutions to homelessness, i took a good, hard look. it's not a solution. 90% of the money goes to the out-of-state corporations who wrote it. very little is left for the homeless. don't let corporations exploit homelessness to pad their profits. vote no on 27.
7:50 am
neil: do you get annoyed, i know you're all being congratulated at the white house today, with the hero label?
7:51 am
>> i guess we don't, we don't think of it that that way. we just hi of -- think of it as people we're given extraordinary opportunities in extraordinary times, and we're very grateful to have had that. neil: that's the one thing i love are about my job, i get to interview heroes. apollo 11 crew at the time celebrating the 35th anniversary of their legend dare flight to the moon, apollo 11, as you know. that was then, we're going back there now. what's happening in florida right now with the artemis i is moon mission, kicks off monday. it is an unmanned mission to go around the moon -- in fact, further than we ever did with the apollo mission. it's going to last 42 days, test what it would be like for men and women to return there maybe in a couple of years. we thought it a good idea to a talk to someone who knows the experience well and maybe he can offer them advice. charlie duke is the guy in
7:52 am
question. by the way, the youngest man to walk on the moon. he's still a young, spry guy now, and he was kind enough to join us. good to have you. >> thank you very much, neil. good to be with you again. neil: what do you make of this mission? a lot of people scratch their heads and say, why are we doing it again? >> well, trying to go back into deep space and explore. les a lot to learn about the -- there's a lot to learn about the moon, and artemis is going to be a vehicle that will land near the south pole and, i think, bring back a lot of information and, hopefully, lead into a moon base. neil: so this mission, i guess 42 days in all, it's going to test a lot of stuff including the rocket had eventually get us up there, the lander that would land us there. but it's got an aggressive timetable. after this mission, we're looking at getting men and women up there in as soon as a couple
7:53 am
of years. is that doable? >> it depends on -- that's the plan. it depends on the success of this first mission. it's very, very ambitious. they're testing everything on the new artemis save the lunar lander and the lunar terrain vehicle. it's a very ambitious mission, and i'm excited because i think nasa's getting back to taking some risks, and that's going to be good for us. neil: you know, when you were walking on the moon, apollo 16, only one more flight after, apollo 17. gene cernan, who was commander of that mission, last man to walk on the moon regretted the fact that we had cut it down from 21 plan planned missions and wondered why we weren't always, always going up there. do you regret that? looking back, that we had that big lead, that big with advance,
7:54 am
that all these other countries that are coming since, that that could and should have been us? >> well, we did a lot in apolo row -- apollo, and i think the canceling of the last three missions had a lot to do with the budget, and also i think nasa was getting nervous that if we kill somebody on these last missions, we're going to, it's going to tank the whole program. and so hay decided that we got enough data, and apollo's been a big success, so let's just quit. the astronaut office didn't likt like that at all, but that was the way it went. neil: you're right about that. you've seen something that very few human beings ever have. now more are going to get the chance, but other countries are trying to get that chance as well. china, russia returning in a big way, iran, a host of other countries and not all with maybe the best, polite way to say it,
7:55 am
scientific interest. does it worry you that this could turn into, like, a defense issue as well? >> i don't see that right now. we've got a lot of partners on artemis, and i see it as a competition like it was with the russians, and people are going to be wanting to get there, and china, as you said, china's got a program. i don't know about russia. i haven't followed that too closely. neil: but, charlie, if you think about it, russia wants to bow out of the international space program with us. i don't know if that's just a threat in the middle of this ukraine thing, but it just seems to be getting a little nerve-wracking. a lot of people in the military, for example, are worried if china can go out and militarize islands in the south china a sea that it doesn't own, who's to say it can't do the same on the moon? maybe they get a little
7:56 am
hyperventilated, but what do you think of that? >> well, militarizing the moon is, to me, is not a very smart thing to do. you launch something from up will, it's going to take at least 10 hours or so or more to get to the earth, and so we'd have a lot of advance warning about any -- neil: unless you wanted to take out anyone else who was pursuing the moon. >> well, that's true. you could get in a fight up on the moon, i guess, and if you had the right equipment, the right weapons concern to me, that's a little far fetched. neil: yeah, you might be right. and you look at the greater good of humankind which makes you a pioneer and a visionary and makes me a tacky anchorman who
7:57 am
reads a prompter. charlie, it's always an honor talking to you. charlie duke, apollo 16 astronaut. of course, the youngest man to walk on the moon. not too many have had that distinct honor. >> thank you, neil. neil: the artemis launch -- thank you -- on monday. it will be a big test, a $55 billion commitment. more after this. but, at upwork, we found her. she's in prague, between the perfect cup of coffee and her museum of personal computers. and you can find her, and millions of other talented pros, right now on upwork.com ...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. ... e two pairs and a free exam start at just $79.95. book an exam today. attention military personnel, families and civilians who were stationed or worked at camp lejeune before 1988. you may have been exposed to drinking
7:58 am
water contaminated with benzene and other highly carcinogenic chemicals, and you may be eligible for significant financial compensation. if you or a loved one developed non-hodgkin's lymphoma, lung cancer, bladder, breast or kidney cancer or other serious health conditions, you may be eligible for substantial financial compensation. act now. time is limited. call today for your free confidential case evaluation. 8447850002.
7:59 am
8:00 am
>> all right. a migrant surge continuing at the border and so are the surge in buses going to sanctuary cities like new york and washington d.c. 1500 by last count and the numbers keep growing as do the problems at the border itself. eagle pass, texas is where you'll find our matt fin, who has the latest news. hey, matt. >> hi, neil. those buses of migrants arriving in new york city, many of those migrants are coming
8:01 am
from where we are right now in eagle pass, texas. behind me you can see some of these migrants who just crossed into the united states and processed by u.s. border patrol, we've seen over and over again and typically asked to stand in single file and processed at eagle pass and perhaps end up all over the country. we've spoken to migrants from nicaragua, guatemala, one migrant from cuba took him 20 days to get here. jorge carlos says he's a bartender and trying to get to his sister in miami for work. he says that cuba is unlivable right now and as we were talking to him he was apprehended by border patrol and waiting to be processed. here is what he told us. >> what's your hope? >> freedom. i need freedom. in my country right now, the situation is no good. the government, no work. the people, it's crazy in cuba
8:02 am
right now. >> and on friday, texas republican congressman tony gonzalez toward the el paso border leading with business and law enforcement. gonzalez says it's a humanitarian crisis, but financial costs for the overwhelmed border towns. >> nothing is free. someone is having to pay for this. it's not the federal government, it's the local municipalities that are having to pay for it. >> also, in arizona, border patrol says a four-month-old infant girl and a 18-month-old toddler were left to die by smugglers in the sonoran deserts. they revived the four-month-old they say was near death and in arizona 187 pounds of lethal fentanyl was found and there's a crisis across the borborder, d
8:03 am
a lot of fentanyl has been pouring over. neil: and doesn't my next guest know about the arizona drug related issues as a result of this crisis. and sheriff, good to have you back with us. >> thank you, neil. neil: let me ask you a little about what matt was reporting on and just the problems that just keep compounding besides vulnerable children and innocents dying and now drugs, record numbers of them, crossing in and they're not disappearing. what do you make of that? >> well, it continues. and you go back, neil, a year and a half, two years when this administration took over, they had intellectual avoidance with a purpose. to open up the border to across illegally and embrace that. they're not addressing the crime. people coming to my county in arizona, just in the last week, we had a former law enforcement officer coming down to be paid
8:04 am
by the cartel. and a 10-year-old son to pick up eight-year-old migrants and a deputy stopped her and now addressing the mom for child neglect. once again, it goes back to the fact that this administration is completely unengaged when it comes to this border, leaving communities to address it themselves. neil: and those communities that are not your community, that are now faced with this, are giving an interesting response or at least their mayors and governors are. we've been following this, you know, one bus after another making their way to new york and places like washington d.c. and other points north and 1500 buses to new york city and d.c. alone filled with migrants, each one packed. 7400 migrants have ended up in washington d.c., sheriff, we learn about 1500 plus to new york city, but there's outrage in these sanctuary cities to what it being dropped on them, but they're sanctuary cities, you'd think they'd be welcoming them. >> well, it's all talk and no
8:05 am
action, neil. if they truly, truly -- if you're going to say you're a sanctuary city, live up to it, accept it. don't blame governor abbott or governor ducey, both are doing this for their states. let's get president biden and get engaged. this isn't a republican issue, it's not a democrat issue, it's an american issue and they have a taste of our realities in the southwest border. neil: so we had the homeland security mayorkas at the border, texas border with mexico, i don't know if you were among those meeting with them. he said the efforts on the part of governor abbott are breaking wreaking havoc. >> it's hypocritical to say that and again not address what's going on in our 31 border counties, and these along the borders to include mine. we've seen the death, we've seen the destruction and we're seeing the disaster as a result
8:06 am
of this plan. ask the question, why are they not engaging being a partner with us in today's time, but intellectually avoid this. and that's why governors and sheriffs, communities along the border are doing the right thing to fulfill their oath of office and protect america. neil: sheriff, the administration has deemed your governor's efforts to put shipping containers along the border where there are openings as silly. what did you make of that? >> call it silly, call is whatever you want. governor ducey is doing something. our lawmakers, our sheriffs, our mayors are doing something. they're frustrated, because, yeah, we're putting in shipping containers to try to stop the flow and passed half a billion dollars in money this year to pay for the cost of what's going on. ask the federal government where are they at? we're prosecuting at the 700 people booked in jail since
8:07 am
january of this year, state crimes under border related crimes and that's what we're doing in the sate and ask the federal government what are you doing besides criticizing us. neil: thank you, sheriff, best of luck in this. >> thank you, neil. neil: a thankless task for you and your men and women, and we don't think it's a left or right or a democrat or republican issue, it's a crisis and numbers speak for themselves. did the release of the details we knew and were released end the whole debate over the invasion of donald trump's home by fbi investigators looking for documents? they apparently found 184 of them that they deemed classified, 25 top secret, 92 considered secret, and 67 considered confidential. we don't know all the details. as i say, much is blacked out so we can't ascertain, what, if anything, was in there, but i do want to go to andy mccarthy,
8:08 am
the former assistant u.s. attorney who weighed in on this issue in today's new york post. a very interesting column. first of all, it's very good to see you, andy, but you had said, i don't think that the justice department or the fbi want to prosecute donald trump on classified information or document retention offenses in light of all the considerable down sides to doing so. he said though, if the former president continues to asail the integrity of law enforcement issues, however, they might well decide only a public trial could show who was breaking the law and who was protecting national security. so it's kind of like a jump ball here. >> well, it is. and you know, a lot of the coverage, neil, that i think you just alluded to the main issue which goes to why we'll never really get this settled and everyone will go off in their corners and that will be the end of it. you know, they can't describe the classified information. that's the reason it's classified. if, for example, nuclear
8:09 am
secrets were involved or you had some reporting that referred to, you know, deeply ingrained informants who, if the report went into the wrong hands, the informant could be identified and imperilled. obviously, that stuff has to be clas classified. neil: i'm sorry, andy, when donald trump criticized no nuclear here. of course that wouldn't be here, because that would be obviously the smoking gun. >> right, it might be called top secret, sensitive, compartmental. at the same time, neil, they're notorious for overclassifying things. so, you know, there's going to be an argument to the other camp, you brought a lawyer in here so i could make both arguments. neil: you're right. >> right, with you-- but the other side said, they classified because they're
8:10 am
embarrassed, they stamp that classified we never get to find out about it, but every time we see something get declassified they get embarrassed. one side is pretending it's inconceivable there would be anything that could hurt the country that would be exposed and the other side is pretending the fbi and the intelligence community are always the pillars of rectitude and abuse classification authority to protect themselves and that's everybody's story. because i don't think there's going to be a prosecution here. the only way we would find out what some of this stuff is, if somebody got charged and it was necessary to reveal at least some of the stuff in discovery and i think they really just wanted their property back in the best of circumstances, a classified information case are the very reasons we just alluded to, is a very difficult thing. here it would be a classified information case against the only official in the government who has the authority to
8:11 am
declassify things, which is a complication in and of itself. i think by getting the warrant and getting the stuff, you can argue whether this was, you know, an extreme measure, too drastic of a measure, but what they wanted get the stuff back, allow the fbi and the intelligence community to do a damage assessment, get the records back that the national archives wanted, and call it a day. and i think that's what they have accomplished here. neil: but it might not be that simple, right? it sounds to me like them getting documents that the president said he'd already given and so they're going to catch him or try to catch him, well, you didn't give us this and we tried repeatedly to get these documents and the back and forth of that, so, they're arguing that he lied or his people lied. i don't know how far that goes and it's very hard to do that against a guy who classified the documents in the first place. the other issue is something,
8:12 am
the former president could easily talk himself into being charged if he continues to rail against the justice department and fbi corruption. what did you mean by that? >> you know, in any case, neil, where the government says they're exercising discretion not to prosecute, that means, usually, that there is a case that could be brought, but the balance of equities is against charging because there's other ways to resolve what the dispute is. that doesn't mean that the person is not guilty and they don't think they could prove it if you go to court. now, if everybody just like goes to their corners and that's the end of it, i think this thing could go away. if trump is out there saying the justice department's corrupt, the fbi is corrupt, this proves it, it's a big coverup, it's a big scheme, and he's essentially calling their honor into question, and saying they're abusing their power, and they feel like, hey, look, we feel like we cut him a break by not charging him, but if he
8:13 am
wants to have a trial, let's give him a trial. neil: i see. andy what about this administration and saying that it didn't know anything about this at the time of the raid and the white house spokesman echoing that again. i want you to react to this. >> look, when it comes to the investigation, the search that we saw recently, that you all have reported on, we have been very clear on this. the president was not briefed, no one at the white house was bri briefed. neil: but i thought the white house counsel's office was briefed by the national archives about this very issue. that's the white house, isn't it? >> we're dealing with presidential records, right, and the former president's records. under the presidential records act, the fbi couldn't just get trump's records. you'd have to have an exception in the act. and the exception that applies here is if the incumbent president says that it's necessary to scrutinize the records for current administration business, they can get them.
8:14 am
so they needed trump to lean on the archives-- i'm sorry, they needed biden to lean on the archives to get the stuff for the fbi, and then when trump asserted executive privilege, the only person in the government who's empowered to countermand that is biden and he did it. neil: all right, andy mccarthy, what a mess, still not done one way or the other. all right. we'll see what happens. we'll have more. [sfx: ding] [message] hey babe, meet us at the bottom of the trail. oh, man. hey! open up! the redesigned chevy silverado. with a sophisticated, high-tech interior... open the door! it's easy to forget it's a truck. ♪ - thanks. - nice truck! it was. find new style. find new roads.
8:15 am
your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire
8:16 am
8:17 am
>> the maga republic not just threatening our personal rights and economic security, they're a threat to our very democracy. neil: but he went further than that. the president saying that a lot of these new maga republicans are semi fascists which immediately got us thinking of someone who had said something very similar a few years ago. do you remember this? >> you could put half of trump supporters in what i call the
8:18 am
basket of deplorables, right? >> all right. that was then, did biden step in it now or was that a calculated gamble on his part to distinguish what he says are republicans not the party they used to be, and the severe element that he says, again, is half fascist, would hillary clinton been better off if she called them half deplorable? again, that's history already done. the half fascist part is a tough one to swallow. i thought when people compare people to fascists, leave it for fascists, they're in a group all their own. where do you think it goes, kelly? >> i think it's ridiculous. number one, it shows that biden doesn't know what fascism is, isn't that surprising considering biden can't be relied upon to know whose hand he shook within a two-minute time frame, but shows that he
8:19 am
doesn't care what fascism is. that word literally come to mean anything that democrats don't like. donald trump is fascism, ron desantis is fascism. the overturning of roe v. wade is fascism and they say this all the time. and they're labeling half the country who didn't vote for joe biden in 2020 as half fascist, and that's at a midterm election your party stands to lose. neil: he might be more clever than you think. and might be a strategy, i might be giving the benefit of the doubt. a fascist, semi or not, fascist, i think that's a bit of a stretch. he's got a little wind behind his back and the surprising upstate new york win for democrats, the perception here that with the passage of this big legislation, including the inflation reduction measure, the big tips industry measure, whatever you want to say about
8:20 am
it, it passed. it's something that gives him bragging rights to say, you know, he's got the momentum now. what do you think? >> i would be careful -- i'm kind of hesitant of being optimistic about democrats' chances still because the polls i'm looking at that i think are going to determine this november show about 80% of the country really sour on the direction that this country is moving in, and that includes a majority of democratic voters who feel that way. so, if you have a large portion of your own party that is upset with the way that you're running this country and the way that you're handling economic issues and cultural issues, i don't see how vulnerable democratic candidates across the board are going to survive. neil: well, some of those vulnerable democrats are the first ones who have spoken out about this college loan forgiveness plans and maybe they're looking at the polls you've seen. and i'm curious what you make
8:21 am
of that and the fact that they're concerned how this looks to people who have paid off their loans and are angry now, and it might not be an election winner, maybe the kids are going to be swamped in the polls by kids who aren't getting it. >> two things, historic election data, young voters no matter how much democrats have motivated them to turn out, don't turn out in high numbers. i have a hard time that this bribe is going to make that much of a difference. more than six in 10 americans don't even have college degrees, they're not going to benefit from this at all. so, you have a majority of the country that is being asked to take on the financial burden of a minority and yet, we're going to expect the minority to suddenly, you know, make a huge voting reversal this november. the math doesn't add up on that. neil: and the math tells us, we still have months to go and we'll see how it sorts out. thank you very much.
8:22 am
all right, here is the latest proof this war in ukraine isn't going to end anytime soon. russia's president vladimir putin called up 137,000 more troops. what we make of this after this. life insurance through the colonial penn program. if you're age 50 to 85, and looking to buy life insurance on a fixed budget, remember the three ps. what are the three ps? the three ps of life insurance on a fixed budget are price, price, and price. a price you can afford, a price that can't increase, and a price that fits your budget. i'm 54, what's my price? you can get coverage for $9.95 a month. i'm 65 and take medications. what's my price? also $9.95 a month. i just turned 80, what's my price? $9.95 a month for you too.
8:23 am
if you're age 50 to 85, call now about the #1 most popular whole life insurance plan available through the colonial penn program. it has an affordable rate starting at $9.95 a month. no medical exam, no health questions. your acceptance is guaranteed. and this plan has a guaranteed lifetime rate lock so your rate can never go up for any reason. so call now for free information and you'll also get this free beneficiary planner. and it's yours free just for calling. so call now for free information.
8:24 am
♪ ♪ how's he still playin'? aspercreme arthritis. full prescription-strength. reduces inflammation. don't touch my piano. kick pain in the aspercreme.
8:25 am
>> all right. vladimir putin isn't only saying he's ruling out a peace deal with ukraine, he's, well, getting more troops, calling up another 137,000 of them presumably headed to ukraine. jack keane on this, a four star general. our strategic analyst. what do you make of the actions on his part? >> i think the russians have
8:26 am
made another strategic shift. phase one they tried to take the capital city and they failed in that and ukraine succeeded driving them out. phase two, focused on the donbas region and they were trying to take all of it, only taken the eastern part of it and the attack has essentially stalled. i think what's happening here, mr. putin recognizes, along with his generals, that they are in a protracted war that this is not going to go away in a few weeks or months, that they have got to be committed for a number of years. and i think that that is where they are now, neil. and the 137,000 is testimony to that. they haven't gone to full mobilization, which would indicate the seriousness of their problems, but they don't want to flag that seriousness to the population at home and that's why he stayed away from that, but i think that what
8:27 am
they're thinking in their minds, that now they have to commit to a war of attrition that will take years and wear down the ukrainian people. the economy certainly is going to get worse. certainly the casualties themselves to the civilians with the continuous air and missile attack and then the casualties to the ukrainian soldiers and impacts that's having on the families and the population. they're counting that this will wear down ukrainian people and the other thing that they're counting on is that, as they ukrainian soldiers and ukraine doesn't tell us what the casualties figures are, that will take a toll on ukraine because he knows, russians know they can replace their soldiers much more readily than the ukrainians can. so, i think that's where they are. the ukrainians, however, know full well there's an opportunity here in front of them and we've been talking about the so-called counter
8:28 am
offensive. there seems to be some disagreement strategically inside of ukraine, the national leaders want to move as soon as possible and be able to show a victory in terms of taking territory back. the military is much more cautious about this because they want to be able to build their forces up. they doesn't want to go into the city where the fight will likely take place and go block by block, and you see a couple of things happening. and you level the bridges that serve that city and impact the supplies. they're bombing and conducting espionage attacks at the deep supply deep poes that are in crimea, also to reduce the capabilities supported. i do think eventually we'll see a counter offensive take place, but it's likely after the military is able to wear down the defenders and make that
8:29 am
offensive operation less casualty producing for them in the long run. that's kind of where we are and what and it looks strategically like on both sides. >> you know, general, a reminder, it wasn't a big or well-covered story, but this diary that was made public by a frustrated russian soldier who showed his own frustration with a weapon that didn't work and other fellow, and soldiers weapons that didn't work, and the case of what they had to take with them down to their uniforms and he just wanted to get it out there that they're not happy with this mission, a good many of them don't know what's behind the mission, just that they're frustrated by it. i'm just wondering whether this is something publbubbling underneath that vladimir putin has to worry about? >> oh, yeah, you put your finger on one of the biggest problems that they have. that is the will to fight.
8:30 am
ukrainians have that significantly, but the russians do not. look it, this is an authoritarian regime that took no counsel for some of what they were doing. some thought they were going on a training exercise at the outset of this. and many of them, they put them right into the fight right out of basic training and a lot of them were clearly not prepared for anything on a scale for you've seen. they've seen the tactical leaders and people saying go here, go there. they've seen their tactical leaders fold under pressure as well. so there's huge morale problems inside this force and right, we don't talk about it very much, but it's a major issue for the russian military. neil: general, thank you very, very much. as an end note, i just want to share after the general here, we did hear this morning that the ukraine nuclear power plant at zack it's back online, and
8:31 am
if you want to stay home as you did through much of covid and do a lot of work at home it's going to cost you and maybe a lot. after this: ♪ the fall season is finally her. so we promise to be there for you for any budget and all the celebrations. all you have to promise is to get in on the action. seasons change, but our lowe's price promise is everyday. shop fall at lowe's today. with best western rewards you get rewarded when you stay on the road and on the go. find your rewards so you can reconnect, disconnect, hold on tight and let go!
8:32 am
stay two nights and get a free night. book now at bestwestern.com. finding the perfect project manager isn't easy. but, at upwork, we found him. he's in adelaide between his color-coordinated sticky note collection and the cutest boxed lunch we have ever seen. and you can find him right now on upwork.com when the world is your workforce, finding the perfect project manager, designer, developer, or whomever you may need... tends to fall right into place. find top-rated talent who can start today on upwork.com
8:33 am
8:34 am
woman tc: my a1c stayed here, it needed to be here. doctor tc: ruby's a1c is down with rybelsus®. man tc: my a1c wasn't at goal, now i'm down with rybelsus®. son tc: mom's a1c is down with rybelsus®. song: a1c down with rybelsus® anncr vo: in a clinical study, once-daily rybelsus® significantly lowered a1c better than the leading branded pill. anncr vo: rybelsus® isn't for people with type 1 diabetes. anncr vo: don't take rybelsus® if you or your family ever had medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2, or if allergic to it. anncr vo: stop rybelsus® and get medical help right away if you get a lump or swelling in your neck, severe stomach pain, or an allergic reaction. anncr vo: serious side effects may include pancreatitis. gallbladder problems may occur. tell your provider about vision problems or changes. anncr vo: taking rybelsus® with a sulfonylurea or insulin increases low blood sugar risk. anncr vo: side effects like nausea, vomiting, and diarrhea may lead to dehydration, which may worsen kidney problems. mom tc: need to get your a1c down? song: a1c down with rybelsus®
8:35 am
anncr vo: ask your healthcare provider about rybelsus® today. >> well, be careful for what wish for. the president's push for college loan forgiveness could go the route of other aggressive spending plans that don't go to the folks that are supposed to get the money. the latest with hillary vaughan. >> good morning, neil, the president is using the pandemic to help millions of americans who have student loan debt avoid the bill collector for a few months longer or skip out on the bill forever. dodging debt is one. pandemic era perks that seem to be never ending, making it easier for people to be super picky about whether or not they have to go back to work. that's a problem because businesses are having a hiring crisis. 64% of business owners report trying to hire last month, but
8:36 am
a whopping 91% of them found hardly any qualified applicants to fill the job. the heritage foundation telling fox business this. lots of factors are playing into this, including the original $600 a week bonus uninsurance berths that lasted nearly 18 months, and other welfare without working, bad baselines on job training and student loan moratorium that's been a windfall of about $400 a month. and those programs that many cashed in on have paid up. according to the chamber of commerce, americans have stashed away collectively $4 trillion into their savings accounts since early 2020. >> it's all about the government just giving people stuff. i mean, it's all about the government playing santa claus and that's exactly what this bill is. more and more free stuff from government as if it's kind of manna from heaven. >> it's not just the extra cash that's keeping some people on the couch, high inflation is
8:37 am
eating into already high wages, making work less attractive. but even though the president says inflation is his number one priority, he moved forward with sweeping loan forgiveness that some obama-era economists say will only make it worse. >> it's the largest, i believe, amount of money ever disbursed by an executive order and we have to kind of gasp a little at the scale of all of this. it's not ideal. we don't want to be increasing inflation or inflationary pressures. >> neil, some businesses are having to pay higher wages to try to entice people to work for them, but that's also working against them. the u.s. chamber says about 28% of women they surveyed told them because their spouse is making so much more money, they don't have to go back in to work. neil: hillary vaughan, thank you for that, i think. a lot of people are debating going back to work and they had
8:38 am
been working from home and now compelling reasons to rethink that strategy. in britain they're telling those or increasingly hinting that those that do could get a 20% cut in pay. and many in the world are dealing with higher university bills in europe and britain again, they'll turn the thermostat turned down and go into the office and put the heat on their boss. and michael, if we take this at face value, it's a sign that workers can still have that freedom. i don't think anyone's going to take it away, right away. but a lot of companies and maybe just the nature of higher bills and everything, are telling them, it will cost you. will it? >> well, you know, it was almost 20 years ago that jetblue decided their agents would best work at home, so there are jobs that it's ideal
8:39 am
to work from home, but far more of the companies are going to come into the office for some of it. if for some reason somebody doesn't want to come into the office at all. it's only reasonable that the company doesn't have to pay them as much, if the company's even willing to accept it. but like i said, there are some jobs, a few, that working from home is fine. many, it's best if you come into the office at least some of the week, and then there's other jobs where a company is just going to have to say for the vast majority of employees, you have to come in once again, every single day. if somebody doesn't like it, then they can try to get, you know, work from home more often. i think it's reasonable for them to be paid less if that's not ideal for their employer. neil: you have to wonder in this environment, katherine. jamie dimon head of jp morgan chase, echoing the need to get people back into the office five days a week and i think you're building a $3 billion
8:40 am
tower in new york and you want to fill it. so, i get that. but there's been subtle on the part of other investment firms, money investment banks, to get their people back. a little less so because of the crime in the new york area saying, it's scary getting on the train. but getting people back in the office. >> yes, it does, have to do with the strength of the labor market. when it's a red-hot labor market we're talking benefits, flexible work, or remote work, or snacks in the office or whatever it takes to entice people off the sidelines. higher wages, whatever you need to get people in the door. when things change and unemployment moves higher and we're seeing that, we're seeing companies rescinding job offers now, and seeing plans to fire people, and when that happens, then who cares about remote work? you want work. and i'll give you some numbers and first half of this year,
8:41 am
productivity dropped on average, neil, in the first and second quarter of this year, 6%. so, output per unit work is dropping. so, companies are getting less out of their employees than more. they're paying more, but they're getting less. unit labor costs increase on average 12% annual-wise in the first half of this year. so, things are going to change. if i'm right and unemployment goes for record lows, 3 1/2% to 4 1/2% or 5%, then you're going to be excited to have a job working from home or not. neil: there could be something to that. scott, there's also the argument that the pendulum could be repredictbly telling their bosses, and i'm taking time off.
8:42 am
if jerome is right and talking about inflation and all of that, but about has repercussions, right? >> same thing on our end. gosh, the first half of this year, we didn't have any power on hiring, folks would show up for the jobs and interviews and want so much more, things more on pay, more on benefits and less time in the office and i think the point was made, well, sure, there are areas where you could work from home and more in say a customer service aspect and have your computer set up and handle things over the phone. my goodness, when did work become the problem in many people's lives? when did people not want to be around others and collaborate and katherine said, raise that level of productivity. what's going to end up happening now, to your point, neil, on the pendulum, went too far over to one side and it will swing back. the question is, given this psychological damage that we've had from covid, the psychological jumping around that the employers and
8:43 am
employees have done over the last several years with work and pay, is there a way that employers and employees can come to the middle on this? because there's a lot of bad feelings out there about what's happened so far, and it's showing up in the economic data. neil: yeah, and then you find out, you know, if your colleagues are doing something, you've got to do something and it adds to the pressure. i'm staying here because i found other anchors were paid and i went apoplectic. guys. thank you all very, very much. good to see you all. and we're watching other developments, when mother nature interferes with what's going on with you in the grocery store, as if you're not having a tough enough time with higher prices, how a drought is going to drive them still higher, maybe much higher. on td through chase with chase freedom unlimited. i earn 5% on our cabin. hello cashback! hello, kevin hart! earn big time with chase freedom unlimited with no annual fee. how do you cashback? chase. make more of what's yours. we got the house!
8:44 am
you did! pods handles the driving. pack at your pace. store your things until you're ready. then we deliver to your new home - across town or across the country. pods, your personal moving and storage team. to be clear, we have never been accused of being flashy, sexy or lit. may i? we're definitely not lit. i mean seriously, we named ourselves booking.com which is kind of lit if we are talking... literal... ha ha. it's why we're planet earth's number one site for booking accommodation. we love booking stuff! and we're just here to help you make the best of your vacation. ow... hi... booking.com booking.yeah
8:45 am
8:46 am
new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >> all right, across the country we have a lot of droughts going on of the water supply levels, sinking and sinking fast, particularly in california where it could hit you right now at the grocery
8:47 am
store. kelly o'grady with that connection. kelly. >> not everyone might be a fan of your average tomato, but there's no shortage of favorite foods where it's the main ingredient, ketchup and pizza sauce. the drought in california may affect those as well. the worst conditions in over 1200 years. and 99% is in drought and that's a problem. california accounts for a quarter of the world's tomatoes and 90% in the u.s. and seeing 10 to 20% less in the acreage than they expected to plant. you can see it's pretty dry here. this farm is seeing less than 50% and that's going to hit your wallet soon. >> we're going to see processing tomato prices increasing over the next couple of seasons due to the reduction in tomato acreage. consumers are most likely to see impacts up and down of the
8:48 am
supermarket for things like salsa and ketchup and other processed food like that that rely on tomatoes grown in california. that's on top of the current sticker shock driven by inflation. ketchup up 23% versus last year and tomato sauce 17%. both by the way, above average grocery store inflation. it's unlikely you'll see them out of stock, but they won't just impact you, they'll impact pizza joints. they're preemptively raising prices 80% in some cases and squeezes margins on your favorite slice of pepperoni. it doesn't mean profits for the farmers when they're dealing with the uncertainty of future rainfall, it's hard to weather those challenges on top of everything else costing more, so when it comes to drought, it doesn't just impact whether you can water your lawns, but it impacts where your food is going to come from. neil: that makes sense, thank you very much. kelly o'grady in california
8:49 am
with a drought that will lead to higher prices, just what we need with the higher price environments and new york city, another bus a few minutes ago. better than 1500 prices came from the border to new york city. texas bused over 7400 migrants to d.c. alone, 1500 plus to new york city and more are coming. we are on top of that and on top of what could be a big turnaround issue for elon musk. when you thought his legal case against dodging that twitter purchase was doomed, along comes an insider, a whistleblower to say, all his arguments against this were right. twitter isn't what you think it is after this. ♪ ♪ trouble, trouble, trouble ♪ i didn't really piece together that dogs eat food.
8:50 am
as soon as we brought the farmer's dog in, her skin was better, she was more active. if i can invest in her health and be proactive, i think it's worth it. visit betterforthem.com
8:51 am
8:52 am
8:53 am
>> as you know, the world's richest man wants out of the deal to purchase twitter. he says the company wasn't on the up and up and lied about the number of genuine customers and he says it's inflated by bots or fakes or customers who aren't real. and the whole math is wrong and concept of the company is wrong, i want out, out, out. along comes a whistleblower from the company worked there many years who kind of echoed some of the things that elon musk was talking about, that the company does inflate the numbers, not always everyone believes this guy. congress wants to talk to him, the sec wants to talk to him and twitter is claiming he's a
8:54 am
disgruntled former employee. be there as it may, it's changed the momentum behind this and where the takeover is going, if it ever happens in the first place. let's go to katie on this, former federal prosecutor and constitutional law attorney. always great having you. this whistleblower sort of changed the game, i guess. how so? >> well, this could just be a very happy coincidence for elon musk or really there could be something to all of these allegations that twitter is not what they have portrayed themselves to be, both in the valuation, the number of spam bots and all of these security issues that this whistleblower now says exist at the platform, which elon musk alluded to in previous court filings when trying to back out of his deal with twitter. neil: he has to have proof of that. one thing to allege and one thing to prove and one for elon musk to latch onto this or the judge saying the takeover thing shouldn't happen. >> that's very true. there's a lot of things that
8:55 am
seem to play in favor of elon musk. this whistleblower came forward before elon musk made the offer to buy twitter and pre-dating this. twitter says that this person has credibility issues, that they were fired, obviously, they have an ax to grind here and there's no truth to what he's claiming, but this is going to be a problem for twitter without a doubt and certainly elon musk is going to be able to use this to his benefit if he wants to back out of the deal. neil: i never remember any company saying good things about a whistleblower, so that's probably not new, to your point. this is bigger than whether there takeover happens. this is something that could lead to the destruction of a company? >> absolutely, it's serious allegations made both about the security risks and even about fraudulent disclosures to regulatory bodies and to the twitter's own board. so, if any of this is true, obviously, for a publicly traded company, this has
8:56 am
significant impact on what this really even means and what the value of this company is, which, again, elon musk is interested in for his own purposes, but for broader purposes for everybody that's invested in twitter, this is a very, very serious matter. neil: if you cut to the core of other technology companies, how they account for their advertising and for the number of people who each hit and the social media concern. so it seems to be wider possibilities, right? >> absolutely. i think elon musk, obviously is a visionary in many ways and here it seems like he honed in on something that it may be a dirty little secret out there because there's a lot of questions that have been raised through musk's filings and now this whistleblower with the complaint and the specific details he gets into why there's a very grave situation at twitter which should concern anybody that has any sort of part of this company whatsoever. neil: we'll watch it closely. great catching up with you on the latest corporate battle
8:57 am
that now involves the world's richest man who might have the upper hand on this and also what to make of the latest documents that have been at least what we could glean, from the purpose behind that raid on donald trump's home in mar-a-lago. griff jenkins and aishah hasnie will take you through that as fox news continues. so, we promise to be here, with prices you'll love, if you just promise to put your heart into it. seasons change, but our lowe's price promise is everyday. shop fall at lowe's today. finding the perfect designer isn't easy. but, at upwork, we found her. she's in austin between a fresh bowl of matcha and a fresh batch of wireframes. and you can find her, and millions of other talented pros, right now on upwork.com
8:58 am
[laughter] hey, i was thinking about going back to school to get my master's... i just saw something that said you could do it in a year for like $11k. hmm! order 11! yes, see you at 11. ♪ 1111 masters blvd. please. that'll be 11 even, buddy. really? the clues are all around us... some things are too obvious to be a coincidence. ♪
8:59 am
up to 8 weeks of relief with cytopoint. that's a lot more fun time, right max? yup. it's life-changing time. ♪ ♪ cytopoint is a long-lasting treatment for allergic dermatitis. just one injection given by your veterinarian can control allergic itch for 4-8 weeks. it's life-changing itch relief that brings back the fun in life, day after day. now's the time to ask your veterinarian for cytopoint. when traders tell us how to make thinkorswim® even better, we listen. like jack. he wanted a streamlined version he could access anywhere, no download necessary.
9:00 am
and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim® web. because platforms this innovative aren't just made for traders -they're made by them. thinkorswim® by td ameritrade >> former president donald trump's legal team challenging the heavily redacted mar-a-lago search affidavit and asking now for a neutral third party to oversee the justice department's handling of the documents taken from the former president's florida home. welcome to fox news live. i'm aishah hasnie. griff: aishah, great to have you here. i'm griff jenkins. large portions of the highly anticipated affidavit were blacked out leaving americans with more questions about the

114 Views

info Stream Only

Uploaded by TV Archive on