tv Cavuto Live FOX News April 29, 2023 7:00am-8:00am PDT
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who won? >> i'm going to tell you you cheated, during covid you are doing all that sourdough. >> we also brought you a t-s t-shirt. >> the pretzel roller to rick. then you very much for being with us. >> rick, congratulations your first victory ever. ♪. neil: oh joe troubling news as joe biden jumps into the 2024 race when everyone focuses on his age, new foxhole showing voters top focus is their own wallets. nearly eight in ten say the economy is doing only fair or poor with seven and ten saying it's getting worse. they could be right, reports out saying said regulators are scrambling to find a buyer for another bank that is collapsing. this time first republic bank if
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no bidders appear, the government said they are ready to step in and take it over. the morning i'm david asman infra neil cavuto. this is "cavuto live". we start with lucas tomlinson at the white house with some numbers as the president launches his reelection campaign. not a great mom as far as the numbers go. >> that's right, president biden low approval rating one of the reasons one and three democrats support somebody else for president in 2024, many republicans want this race focus on the economy. >> i don't want everyone every day and make it like my family to suffer as a result of poor policy. that's exactly what we see not a divided administration. they're not designed to help people, the economic policies of this administration are designed to track people. >> let's throw the pole number back on the screen eight in ten americans believe the economy is only fair or poor a number that hasn't changed much over the
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past five months. inflation is the problem we don't have to tell our viewers they feel it every day at the gas station. inflation year-over-year was 5% in march. last year was 8.5%, 40 year highs. inflation is still increasing but at a decreased rate with they want to see the u.s. become more energy independent and not forcing the costly electric vehicles. the white house is touting the economy and is growing at a rate of only 1.1% in the first quarter according to the latest figures. many fear the u.s. could be heading to a recession for democratic california congresswoman ro khanna defended the president. >> elections are always a choice, president biden is protecting unions and increasing working wages. the republican plan for cutting spending, for tax cuts for the wealthy. >> the vice president also has low approval ratings, and the
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u.s. history 15 vice president have gone on to become vice president and many republicans don't want to see the number change anytime soon. david: that is for sure. great to see you, have a great weekend. as we mentioned if voters say the top issue is the economy and 70% think it is getting worse, what does that say about president biden's chances to get reelected. joining me to discuss gop pollster lee carter and democrat pollster carly cooperman. good to see you both. currently i want to go to you first. thank you for coming and at a downpour in new york. it's not just inflation as lucas was talking about. it's a slowing economy. the market is doing its own thing but we had gdp numbers this week that were only half as good as we thought. 1.1%. that's a really tepid economy. how can president biden ran on the economy when somebody americans don't feel it is doing well. >> president biden is running on the economy in terms he's highlighting the fact that unemployment is low and
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highlighting the job growth. but he's got a lot to do in terms of showing his confident that he can continue to steer the economy well. in general it's about offering a stable sturdy contrast that he has to offer against donald trump. that's what is going to be focused on as he goes forward. david: as much as people had personal problems with donald trump and thank his personality doesn't fit the office. they look at the stats, other than the pandemic, it changed everything but before the pandemic you had strong growth, you had low inflation for pretty much half, at least half if not more of his presidency until the pandemic came in. you think voters can distinguish that in terms of pulling the lever in 2024? >> i do. i think one of the things that is true about many people that support donald trump, they were able to do that in separate the chaos side of donald trump from
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the policy side of donald trump. were not sure that donald trump is good to get a candidate. but when you look at the polling behind how people view donald trump and joe biden both are pretty unpopular. 70% of people say they don't want joe biden, 60% say they don't want donald trump to run. underneath that, 45% of voters that voted for donald trump in the last election said there more excited or more enthusiastic uploading for him this time. on the other hand 43% of people who voted for joe biden are said they are less enthusiastic for voting for him this time. enthusiasm plays a big role on getting people out to the ballot box on election day. i think joe biden has a real enthusiasm problem, that is going to haunt him. david: then you have the problem that he has with his own party. now there's a couple of serious challenges. one has 19% body candidate woody came into the race everybody said oh my goodness he does not have a chance against a sitting
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president. but then he pulled 14% now we see a pulling of 19% and marianne williamson who has 9%, you add those together 28% pull away from biden, how does he deal with that. >> here's what i would say we see from pulling that there's a lack of enthusiasm towards joe biden running again. however, 70% of democrats say they approve of the job performance that biden is doing as president and 81% said that they would definitely or probably support him again. i think it ended the day we are going to see democrats coalesce around joe biden. the other point i want to make independent voters we know. david: that's 40% of the total, it's much more than either the democrats or the republicans singly. >> whoever is going to win this election needs to get the support of independence. we know independent say the most important issue is economy which really does contribute to the low ratings that the giving to biden right now. however, the second most
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important issue that independent say is important to them is preserving democracy. thank biden has offered a strong contrast to trump when it comes to democracy in the presidential stability that is going to preside over a country in contrast to the chaos that we have seen from trump. david: within the republican party you have the desantis trump battle and by the way we're going to have vivek ramaswamy that is running for the republican nomination later in the show. but ron desantis has been falling recently. a lot of people say it's because he's focused more on the woke stuff than the economy grade what i don't understand about desantis he is a good story about the economy in florida versus a similar sized state like new york, new york has the government that is twice the size of fortis government. florida has 0 taxes compared to 12, 13, 14% taxes state and local in new york. why doesn't desantis stick on
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the economy of florida as an example of what he could do for the nation. >> i think that's a really good question. that's exactly why he's dropped in the polls. his focus more on mickey mouse than the economy. that's a problem. >> frankly he's recently been out there, you see some of his recent speeches talking about the florida blueprint and how we can bring that to the country where it's lower taxes, a lot more focused on freedom, education, parental choice. on the economy on being pro-business. all of those things are going to resonate more strongly, he's got to make the pivot. sadly right now the war against disney is not going to go away anytime soon with a lawsuit pending. he's going to have to deal with that and i don't think it helped him at all pretty promised to have the policies of trump without the chaos. what is done is created a whole lot of chaos. i don't think that's working well for him. david: we're going to talk about the legal implications of the
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disney lawsuit later in the show. carly, you mentioned independent voters, a lot of it, a lot of independent voters live in the suburbs. we know the cities macaques do very well in the cities. not so much in the suburbs and certainly not in the rural areas. how does biden make the pitch to suburbia were so many independents live. >> one of the reasons that the democrats have coalesced around biden because biden's knowledge that democrats have lost white working-class voters which is really important crucial and large voting block and there is a belief that biden is the best chance for democrats in terms of pulling some of the voters back that trump was able to peel away from democrats. it's talking about the day-to-day issues that are facing voters and challenges that are presented them and really connected with them. i think we seen biden do that as is pivoted over the last year from bigger progressive ideals versus more centrist oriented things like cutting spending and the like as well.
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david: don't forget about us. it's going to be a long race and we look forward to your commentary on it. thank you for being here on a saturday. lee and carly. so-called inflation reduction act, the new independent study revealing its inflationary and will cost taxpayers a lot more money paid we will tell you how much more and target is locking up a lot of merchandise to stop thieves in san francisco. meet a former san fran cop who says the stealing won't stop until we scrap a lot of the crime reform laws. that is next. my most important kitchen tool? my brain. so i choose neuriva plus. unlike some others, neuriva plus is a multitasker supporting 6 key indicators of brain health. to help keep me sharp. neuriva: think bigger.
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david: president biden and democrat promise that their so-called inflation reduction act would save americans money when he signed it last summer. the penn wharton business school just updated its cost analysis of the law, guess what the price tag is topping a trillion dollars. grady trimble crunching the numbers from capitol hill.
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>> hi david house republicans want to undo the inflation reduction act and the new estimate of the cost of the law is another reason why. >> we repealed a big portion of this in our bill that just passed the house so we have a good opportunity to save the taxpayer money and make our economy stronger and not invest wholly in china like this bill does. yes editors who voted for this like joe manchin who says they have to cap it or he would vote to repeal. >> the newly calculated under calculated penn wharton budget says over the next ten years inflation reduction act will cost three times more than it originally estimated. economist who made the calculation say that is just the climate and inner energy provisions of the law for the move to electric vehicles alone accounts for nearly $400 billion of the $1 trillion total.
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to our colleague edward law lawrence, the white house is defending president biden's hallmark law. >> with the new score of inflation reduction act reduces the deficit over the long run. a number of experts say the c.b.o. likely underestimated the deficit reduction from inflation reduction act, crackdown on rich tax sheets. the inflation reduction act as it's called is costing american taxpayers a lot more than what was originally advertised. david: thanks grady. economist steve ward predicted this would happen. you nailed it. good for you. bottom-line, the anti-inflation react is inflation. >> that's right, that's why i called it the inflation acceleration not reduction act. the real question here the biden administration in the democrats just lie about the numbers. in other words did they know that these numbers were
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circulating that reducing the deficit were false. i'm not surprised about this and i don't think that you are paid we talked about this after your show. then we have a $300 billion green energy/fund in this bill as you were just saying that is part of the republican plan to bring down the deficit. why do we have to spend $300 billion on more energy subsidies. david: about the slush fund, mccright joe manchin said that was a lie, he was promised a lot of energy production elements in the anti-inflation bill and here's what he said about it. he said instead of implementing the law is unelected ideologues and bureaucrats violate and separate the law to advance a partisan agenda that ignores both energy and physical security. he comes from a fossil fuel state, west virginia. he wants for production of fossil fuels. he wants all of the above.
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some people say you should've known that before you made a deal with these folks. it's your mistakes editor manchin. can anything be done or are we stuck with us? >> joe manchin made a deal on this bill and i think he made a big mistake and he would agree because the biden administration said were to do more drilling and more pipelines and more infrastructure so we can produce our oil and gas. and they haven't done any of that. he was snookered. and i hope he would work with republicans to repeal some of this bill. it's important for viewers to understand that the reason that we went from wood.5% of inflation under trump 29% inflation last summer was because of the out-of-control government spending and we still have that happening. david: the other thing that we have abiding came into office he said he came in when the economy was good, we had a 6% growth rate and that has come down as inflation has been going up from the left of your screen. it's come down a bit but it's
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much higher than it was. it was 1.4% when biden came in. look at the economic growth. when biden came in 6.3%. a he had the glory days recovering from the pandemic and all the trillion dollar bills came in and look what happened. it went down. that is called stagflation, is it not. >> it is i think people understand the reason the inflation rate has come down finally is not because anything congress has done. it's because the fed had to raise interest rates from 0% a year end half ago to now 5% on the fed funds rate. the fed had to do that to bring inflation down. but guess what that suppresses economic growth in your seen problems with the banks because of that. get back to the idea of cutting government spending. that's why i like this bill by the way the past the house. the extraordinary achievement. i was laughing out one of your
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last panelist said biden is better for democracy. better for democracy is a democracy negotiating with divided power. david: that's a whole another kettle of fish. you mentioned the banks and first republic is essentially done that is going under receivership and fdic's going to be paying for. why is it tanking? and is it going to spread? >> the reason some of these banks like first republic and silicon valley bank have failed or are failing because of the spike in interest rates. they are holding onto bonds that had to retreat% interest rates but now the interest rate is 5%. the value of the bond holdings, the assets that the banks are holding and by the way i'm not to sound like i'm panicking but i do think you will see other banks in similar trouble if the fed has to continue to raise rates to bring inflation down. david: the mistake that they made bedding despite all the spending that we were talking about from biden that we could continue to spend and.
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money and it would never affect inflation or interest rates, it did. larry summers was the treasury secretary under bill clinton, a democrat pre-he spoke about this a couple of years ago. i'm quoting we have a generation of central bankers who are defying themselves by their woke news. the walk idea and monetary policy means you can. as much money as you want and there will be no consequences. following that the fed made mistakes private bankers made mistakes. >> i could not say a better why is anybody surprised, everyone knew we were not going to stay at 0 interest rates. everyone knew that. i'm surprised they were caught with their pants down and were prepared for the big increases in interest rates we see. again the circles around to the $6 trillion spending spree that biden took on that was completely unnecessary what was old saying by rom of annua are ,
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that's what the liberals did when they took over the presidency and the congress. david: has reality finally woken up the woke bankers? >> there is a move against some of the esg staff. you are starting to see the big funds like fidelity say were not doing esg were to focus on making money for our clients. what a concept. david: is kind of common sense, squeezing its way into their way of thinking. steve moore, have a great weekend you thank you so much for being here. meanwhile a target store in san francisco taking extreme measures to prevent theft make it harder for customers to shop and make it harder for businesses to do business. how about making the criminals stop? in teachers union boss randi weingarten says getting school while testifying closing schools during covid-19 betsy devos is accusing her of lying. betsy devos is here to explain
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david: take a look at this, theft is so bad in san francisco that a target store is locking up files of products. this is basic stuff, not expensive stuff. lauren simonetti has more on what the retailers are doing to fight the thieves. >> entire aisles under lock and key at this target in san francisco. more cosmetics, toothpaste even the soap is boarded up as organized retail crime in the city's second worst in the country behind los angeles. target said it hired more security guards, third-party security guards in using new technology to keep the thieves
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out as its finance chief estimates hundreds of millions of dollars of profits will be lost to theft. the first three months nearly 14000 cases including motor vehicle theft in san francisco. here's the rub, has to be reported to be recorded so the numbers are likely higher in some people say they still feel unsafe. >> is a former police officer myself, i don't feel safe in the city anymore. were fending for ourselves here, is terrible. >> businesses are complaining of crime and many are closing down. back to you. david: thank you very much. former san francisco police officer joe has been worded about the consequences of crime reform of businesses and residents. he joins me now. the word reform in there, that is supposed to make things better not worse. if you look at the crime stats by the way, they bear out what were saying, 11.5% increase in crime and san francisco in just the past two years.
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you were on the force for 15 years, when did things start to get out of control and what and who do you blame for it. >> here's the thing i say the last five years we sell the spike continue. at the end of the day it's always a leadership problem. leadership is always the problem in leadership is always a solution. when you look at what's been happening with failed and radical das, district attorney's that are soft and don't charge crime we have policies and san francisco prop 47 that affects all of california that belittle petty theft that had to be over $950 for it to be a crime. you have these restrictive police policies. if you look at what happened in january san francisco pd they say to be tough on crime but the council members i believe passed an ordinance saying san francisco pd cannot pullover people for nine specific traffic violations. these are common traffic
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violations that the law allows california peace officers to pullover people and they're not allowed to do only in san francisco. you not seen any of these problems in the nearby cities right adjacent to the inference is good. this is a san francisco problem. david: as i remember you were forced off the force because of the pandemic rules, vaccine mandate, that's what got you out of the course. i'm wondering if the pandemic itself, not only the vaccine mandate in which you and a lot of your fellow officers were forced to leave. it made everything go crazy in a blue the lid off the top of the simmering brew that we have here. >> you 100% accurate. when i was working a lot of overtime in the tenderloin and driving back after my shift driving through around midnight i was aghast at what was happening. the street had changed, prior to the pandemic officers had a pretty good control on crime but it was lawless people were doing whatever they wanted more so than ever it was actually
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frightening pre-my mother-in-law i think i might've mentioned she's been affected by the theft at walgreens and people threatening her life. she lives in the city i have people in the city. the vaccination we lost a hundred officers from the mandates and recruitment and san francisco is an all-time low they are probably sitting at 800 officers. would you look at the city consensus from 1994 they said we need officers to be 1900 so they are far below. we need cops out there. david: the same thing in new york and chicago. we see the same thing. you did have success in getting rid of one of the problems that you pinpoint the former district attorney chesa boudin was forced out, the people rebelled against a lot of the woke ways that were making crime worse, not better. this radical prosecutor was replaced by somebody who tried to clean house and she got rid of a lot of the prosecutors that were brought in by bodine, has not helped at all? >> i think it's helping. you have to remember when chesa
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boudin was ousted because he lied. he actually held a scoble tory evidence in a trial that he was trying to frame a cop for color of authority and use of force. he left out he evidence on purpose. that's what ousted him. i think brooke jenkins is going to do a fabulous job compared to what's going on in the past. and i always look at this quote from cs lewis i would rather live under robber barons than busybodies. i think that's exactly where were at with san francisco. david: speaking of impotent busybodies, have to bring up the governor, governor newsom who was known during the pandemic for breaking rules that he opposed on everybody else in terms of his eating habits and so forth but we've been focusing on cities. as the governor of the state, with governor hochul which a lot of people blame for localized crime, how much does the role of the governors of the state play
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in these problems of crime. >> how did you know i was talking about him. he's the busybody number one for sure. and i said it comes down to leadership. he starts at the front and it works down to the mayors and the chief of police et cetera. newsom was a guy he was eating at the french laundry during the pandemic, his kids are going to private schools while public schools were closed. he was accepting donations from the city, the correction officers of california, they were not forced to get the job but people like myself were because we didn't donate enough money. we could go on and on but leadership is the key. david: great to see you again. good luck to you and your city. thank you very much. speaking of crime we are following breaking news this morning from texas. amanda underway after mass shooting at home in the town of cleveland texas. that is 55 miles north of houston. five people are dead including an 8-year-old child. authorities say the suspect is still on the loose in armed with
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an ar-15 style rifle. we will keep you posted on new developments. keep it close. big tech ramping up their a.i. a warning that that could be opening up more hacks and leaks. also teachers union boss randi weingarten and the hot seat over covid school closures in thehome claim that she made about betsy devos. devos. betsy devos responding pay down your credit cards, pay off your car loan, consolidate your debt with a va home loan from from newday. lowe's knows the first step to motivation is inspiration. so, we've got new everything. new flooring, new paint, new patio sets, new pillows. i can keep going if you want me to. you got this. and we got you.
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>> we had seen. >> were they accepted were not. >> it's a simple question when you made these proposals who i suggested, were the accepted by the cdc? >> a among 1.8 million children do not many died from covid. >> sitting here right now today, doctor, i don't know, i don't have that number in my head. >> 0. >> the pandemic is associated with real learning loss, correct, yes or no. >> look kids need to be in school. >> thank you let's leave it at that, kids need to be in school. david: teachers union boss randi weingarten getting girl by lawmakers over school closures during the pandemic. aishah hasnie has more on what went down from capitol hill. >> good morning to you, during
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that heated three hour long hearing randi weingarten was trying to convince lawmakers that teachers new they had to be in school. they just wanted to be safe, weingarten testified in front of the committee on the coronavirus pandemic which is investigating potential political interference by the american federation of teachers at the cdc. after language suggested by the union wound up in the cdc's school reopening guidance and early of 2021. that is guidance that critics claim are keeping schools closed longer leading to failing grades and rising mental health issues among students nationwide. >> to remember have any edits that you suggested. >> we suggested concepts. >> you know how many edits were included. >> one. >> democrats accused republicans of scapegoating teachers even accusing former president trump of leaving them hanging.
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>> were you ever given guidance by the trump administration on how to safely return to anderson learning. >> no, we were working with governors, we were working with superintendents because no one at the trump administration would work with us in terms of how to reopen school safely. >> in the end weingarten's testimony failed to convince house republicans that her union did not have a political motive. david: thank you very much, teachers union boss randi weingarten saying something in your testimony that my next guest said was not true. former education secretary under the trump administration betsy devos. by the way we have reached out to randi weingarten and she hasn't gotten back to us yes. we have information from cdc and we will play that later in this interview. madam secretary let's start specifically with what she said that you say is a lie. i'm going to play that and get your response. rotate. >> the cdc conferred with more
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than 50 organizations about the guidance. but before the cdc and frankly neither the president at that time nor betsy devos would confer with us. david: is that true. >> that is absolutely false david randi weingarten and all of our allies never reached out asking us to meet with them. in fact they were very adverse to us. interesting in her testimony that randy claimed she 65 and can't remember a lot of things. i'm also 65 and i remember clearly all the work that we did to help schools reopen in all the work she and her allies did to keep schools closed. >> you said she was adverse to meeting with members of the trump administration, you and particular did you reach out to her, and she rebutted you? >> we reached out to superintendents across the country regularly we were in
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constant communication with all of those who are charged with providing schools, supervising schools so not reaching out to her, she's a political organization but if she had asked for a meeting and asked to confer we certainly would've done that pretty few remember early on in my term the very first day in office the head of the nea said she would never be with me ever in person and she never did, she never expressed any interest. these are political organizations. it's very clear from all of their actions during the pandemic that they were holding kids hostage to political demands taking advantage of the pandemic of a crisis to meet the demands that they had. look at what the l.a. teachers union demanded in the chicago teachers said about reopening schools. it was one thing after another starting to get more and more money and more and more power
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and influence over the system that they control. david: the real question in that meeting was whether or not she was influencing the cdc. in some cases overwriting some of their suggestions or even overwriting the concerns and the desires of parents around the country who were desperate to get the kids back in schooling. we do have some e-mails that were uncovered showing shortly after the biden administration came in early february 2021, the cdc was contacted first by the white house on february 7th about coordinating press releases and plans on school opening with the teachers union, randi weingarten in particular. four days later the cdc responded to that they acted quickly when they got the letter from the white house sending a letter to randi weingarten of the aft and other unions the nea, et cetera setting up these meetings. it does look like the white
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house applied political progression under pressure to get randi weingarten other unions in the mix. >> yes, look at the fact this is nearly a year into the pandemic and we were talking in the spring and summer of 2020 of how to safely reopen schools for there is every evidence in every reason to get kids back in school in the fall 2020. the reality is randi weingarten and all of our allies kept dragging her feet and finding excuses not to reopen schools prepared to get the lay in democrat-controlled union heavy cities and states were the kids who can afford to be out of school the least are the ones that were harmed the most. david: as we said earlier we reached out to the white house and the cdc about the e-mails that we just showed. they were obtained by americans for public trust through a request. the cdc did get back to us, here's what they said in part.
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for the development of the school guidance, cdc sought input from 14 organizations with an interest in the implementation applicable woody guidance and they added the cooperative collaborative conversations resulted in nearly two thirds of schools returning to full and person learning by may of 2021. that may be true but that was at the end of the school year. if you start opening in may of 2021 that essentially means you have written off the school year. >> absolutely, let's be clear, the entire time during our administration when we were dealing with this. the cdc was doing the same kind of work. the head of the cdc's doctor benfield was very open that i will come to any school district. i will work with any superintendent, i will help anyone who wants to address specific things in your specific situation. the reality is that randy and
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all of our allies kept saying we are not going to listen were not going to deal with this and they kept making excuses holding kids hostage and ultimately getting $190 billion for covid relief. most of which has not been accessed today. david: that was specifically k-12 that would've been under the purview of what randi weingarten and other teachers unions are concerned about. thank you for responding we really appreciate you coming in today. home buyers beware, come monday numerals to/thieves for risky borrowers. the risky ones get the benefits. we will up the fees for folks doing everything. those folks that do everything right are they getting a fair shake and all of this, we take that on coming up next.
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verzenio reduces the risk of recurrence of hr-positive, her2-negative, node-positive, early breast cancer with a high chance of returning, as determined by your doctor when added to hormone therapy. hormone therapy works outside the cell... while verzenio works inside to help stop the growth of cancer cells. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an antidiarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include fatigue, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain, and rapid breathing or heart rate, or if you are nursing, pregnant, or plan to be. i'm making my own way forward. ask your doctor about everyday verzenio.
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david: big tech companies racing to outdo each other with a.i. but a new report is warning these bots could leave companies open data leaks and hackers. kelly o'grady has the details. >> it's great to see you. big tech is really seeing an intense focus on a.i. and their earnings. it comes at a time when tech leaders including elon musk are warning of the dangers, the latest threat is exposing sensitive data pretty new report from chief security officers shared the trend of using a.i. bots like a chat ttp could leave companies open today leaks and lawsuits. it seems harmless plugging customer data to supercharger ima productivity or ask chat to internal presentation. apparently you are trusting sensitive information perhaps trade secrets to a third party the report warns not only as a company trusting the bot security up to par but also the content is correct.
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hackers have been known to jailbreak a.i. bots and the big fear is the user being fed information they believed to be correct. a corporation cannot isolate security risk to one application with countless companies integrating a chat ttp in everyday office products. even with a.i. dangers at the forefront of the conversation big tech companies are racing to one up each other. also but noted in their earnings that it invested heavily in microsoft noted its using a.i. to aid employees with everything from summarizing e-mail threads to drafting presentations and underscoring the security risk. i will highlight on confidential the responsibility relies with the employee using good judgment but users are getting too comfortable with chat gdp. i'll send it back to you. david: thank you very much, paying more or your good credit score. a new mortgage role is going into effect on monday that has my next guest warning another housing crisis could be coming to read also the end of title 42
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nearing a democrat judge is warning his border town cannot handle an even bigger migrant surge. cr and save hundreds of dollars every month. to see my ancestors' photos was just breathtaking. wow, look at all those! what'd you find? lorraine banks, look, county of macomb, michigan? oh my goodness... this whole journey has been such a huge gift for our family.
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david: possibly big changes are coming from homebuyer starting on monday borrowers with good credit scores will be facing higher mortgage fees to subsidize those with lower scores that is the people that cannot pay on time or don't put as much money down on houses realtors are warning it could set up another mortgage crisis, jodi me to discuss fox news real estate contributor and host a "mansion global" on fox business katrina. good to see you, let me read a little bit of a letter from two republican congressman. a letter to the federal housing
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finance agency which oversees the rule changes. the tax also fails the basic test of fairness by punishing borrowers who act responsibly and will in turn incentivize homebuyers to reduce their downpayments and carry additional debt. folks have worked hard to get good credit scores. there being penalized for the hard work and those who are not putting up as much as they should and not quite is responsible are getting the benefit, does that make any sense to you. >> it makes no sense a goes against everything the united states of america stands for. the idea if you work hard you will achieve the american dream is being challenged everywhere that we look and instead socialistic ideology is being pushed down our throats, this also goes against basic human psychology, you reward good behavior and you punish bad behavior. even children know this but apparently the body to administration does not. it's disheartening for the american people many of them
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first-time homeowners trying to achieve the market dream of homeownership they worked hard, high credit scores and working hard for a down payment and we should know under this role you would also be penalized for having higher down payment. they're trying to encourage people to borrow money who should be borrowing money to begin with and to come in with less money and let us not forget this is partially how we got into the 2008. david: i was just going to say people should remember in the late 1990s and early 2000, banks were encouraged by government policy, specifically to give loans to people who could not afford it. i interviewed a woman in 2010 he was a babysitter making 40000 a year who bought a house underwater but she bought a house for $700,000 pre-70 making 40000 should not be encouraged to do that thing. were going back to the old policy that failed. >> let us not forget this time
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around we have 70 things going against us in the economy, we have inflation, high mortgage rates, low inventory which we did not have then now you're adding this on top of it all. it reminds me of the idea that they had with people paying for student loans for the younger generation sometimes people who did not attend college. i think we need to get back to the concept if you work hard and do the right thing you get rewarded. this is really challenging and i really hope they continue to challenge and the republicans can can continue to challenge it because a body to administration is dead wrong. david: your speaking as a person is been in real estate for a long time you know how the business works. is not just real estate folks worried about this. it's taxpayers who may be forced to pay the bill when the bill comes due. right to see you. thank you for being here. david: into migrant surge already beginning with title 42 ended in less than two weeks.
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that surge including a whole lot of unaccompanied children pretty amazing tragedy playing out on our border. the border town democrat judge who was pleading for help joining us next. [autotune] that's caaaaaaaaash. cashback like a pro with chase freedom unlimited. how do you cashback? how to grow delicious herbs: step one: use miracle-gro potting mix. ... all you need to know to grow. [ music playing ] when we first arrived at st. jude, it was just claire and i. she was still recovering from her brain surgery. and side effects of that surgery meant that she had to relearn how to walk and how to speak. ♪
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>> the crisis rages on at the southern border this weekend with less than 12 days to go until title 42 ends, the migrant surge already is beginning. griff jenkins is in brownsville, texas with the latest on this. i say just beginning, keeps going on, the surge keeps coming and stronger all the time. griff: that's right, david. good morning. this surge is sizing up to be some of the most we've ever seen and the fierce storms that we had in the early morning along with high winds has not slowed things down, david. take a look over the left soldier at the levee
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