if operators are busy, please wait patiently. or go to loveshriners.org right away. >> how are things looking? >> over the last 48 hours, the numbers we've seen, i'm encouraged and probably better than we'd expected. so, your texas guardsmen continuing to prevent, deter, illegal immigration interdicts and narcotics trafficking and order are to hold the line. neil: so far not so bad. that was a lonestar commander in the last hour, the deterrent is working to keep the border crisis from spinning out of control now that the title 42 is over. and 83,000 we're told, thousands more said to be making their way through mexico as we speak, thinking it's a

green light and that they can go ahead and deal with this and get accepted in this country once they're done with this. cities far away from the border getting overwhelmed. we'll talk to one new york suburb official shutting down a hotel planning to house migrants in the big apple. from el paso, with the latest what's going on this, matt. >> hi, neil. so often you see the aerial and drone videos of the large migrant groups going into the united states and you may ask what happens after that? many are processed and released and that's the scene behind us right now. the migrants outside of the sacred heart shelter in el paso taking up about two city blocks right now, sleeping on the pavement, sheltering in a dirty alleyway and sadly many are coughing and showing signs of illness and you know, the question, what happens next? you know, we're told by a pastor within the past hour or

two that some of the religious organizations and charitable organizations will sponsor some of these migrants, literally give them money to get to the next city or state that they want to. as you mentioned, neil, these are one of about 83,000 that crossed the southern border this week. yesterday here in el paso, not far from where we're standing, we stood at the border wall and watched as hundreds of migrants arrived to the united states on the first day after title 42 ended and as we see so often, they're placed in a single file line, put on white buses and processed and then it's not quite clear from there how many were released. also, fox news cameras captured migrants in brownsville, texas after they were released there and migrant groups have been released over the last year and the video doesn't lie. yet, the white house claims the releases are not happening. and there are women and

children, prioritized, and what we're seeing outside are mostly single men, but fox news obtained data this week showing more than 8,000 unaccompanied children are in custody right now and that's a pretty heartbreaking figure when you think about it and you know, neil. in covering the border well over a year now, one of the things our crews often noticed are young children arriving. so frequently, it's hard to keep track of them. and we do know that these children do arrive, perhaps without their guardians, without their parents, and just makes you wonder what happens to them after they get back here to the united states, you know, when they get back into a school, when they get back into a home or you know, god forbid the worth, human trafficking and sex trafficking that we know is happening. now, the data doesn't lie as well, 8,000 unaccompanied children are in custody right now here in the united states. so we'll keep you updated on that as well, neil. neil: thank you for that. matt finn, following the

fast-moving developments at the border. we want to go to the texas mayor, kind enough to join us. good to see you, how are things going? >> thank you, thanks for having me on. happy mother's day weekend to all beautiful mothers across the great nation and my beautiful wife monique and god speed to the cvp who protect the border 24/7 and do a phenomenal job and i interest us that they'll manage the humanitarian crisis. i can't say that about congress for long-term solutions for the broken system. that does not mean that individuals are not coming, however, we've had multiple coordination meetings with cvp and border patrol, and the port of entry to prepare for any and all contingencies, relative to

the influx of immigrants, now, failure to enforce expedited removals will lead to an extended period of chaos if we don't address it. again, we've had the conversations before. many issues with our broken immigration system that we refuse to address or congress refuses to bridge that political divide relative to immigration and border security and both are consequential. if we could find a way to bridge the political divide we'd be in a much better place and particularly we could get away from partisan politics and do what's best for the country. we would be in a great place and in fact, i've said this before, the solution to our labor shortages and potential labor crisis is knocking at our front door.

literally knocking at our front door, regrettably though, hour extreme political ideologies cloud our judgment, hence the saying the eyes are useless when the mind is blind. but we have a potential solution. by the way, if we're going to allow individuals to stay in this country, they must be allowed the opportunity to work from day one. they need to fend for themselves. they are-- >> well, let's talk a little about then what's happening right now with title 8 and how that will be different and carry us post title 42. >> well, the -- this of course, there's going to be a process as opposed to before they would just, i mean, it was a lot faster as far as moving people across. however, that created a bottle neck effect and people were just wading across the river and you're talking about thousands of people. so, by us doing that, and we still created a bottleneck and we are going to see the effects

of that. in some points i'm glad that title 42 is finally, at this point we've finally closed that chapter and by the way, i have to say this, title 42 did serve a valuable purpose. in fact, it saved our communities, particularly during the height of covid-19, when our medical system was stressed to the brink of a total system collapse and we just could not sustain any additional loads. so, yes, it's saved our lives, however, we already closed that chapter. let's move on to title 8 the expedited removal increased from what i understand, but again, it's imperative that we enforce the expedited removal because failure to do so will lead to an extended period of chaos. neil: but you can't do that -- isn't the judge saying you can't do that if there's no paper work, if there's nothing that says you have to come back for a court appointment. isn't that what the judge was stopping on the basis it was allowing all the people to come

in and not be checked back on. >> that's the point we cannot have catch and release either. neil: okay. >> so i'm glad the judgment on that, absolutely, you need a court hearing and by the way, that's a totally different issue, as far as the 88% appearance rate by the way that you have other issues that some people claim they're not showing up to court. however, there's contradicting evidence on that, look at the government does not record appearance rate. they only record abstentia rate, in a deportation order. but it doesn't count the many times that people are attending court while protections are pending, i could go on and on and on. neil: and i know they have to have some sort of a court date at least go from one area to the next. we'll watch it closely, mayor, thank you for joining us. i want to go to mark daniels right now cochise county sheriff of what he makes of that. what happened, as you know, sheriff, better than i, is this judge was saying, well, wait a minute, you can't release

people without a court date. even though the court date could be many, many years into the future and that's what's holding this up a little bit. what do you think of it? >> well, neil, let me just say this, we had over a thousand released since monday morning until yesterday morning, released in our communities and we found out-- i found out through the border patrol that they were releasing without court dates, no notices, released here you go, good luck. that's not how you do judicial justice. it's not how you do business. so, that was not being told to the american people. as national sheriffs and arizona sheriffs, we put that out. we were very upset along with border patrol agents that was going on. again, that goes to illusional optics there's not a problem. you can expedite paper work, stamp it, no oversight, no court date and i applaud that court to halt this, that was wrong. neil: i'm wondering, what if is the way to satisfy this is to

give them a paper with a court date on it, if the court date is many years from now, does that solve the problem? it's administratively getting the stamp come on in, but i don't know the percentage, you hear different stories for those who follow up for court dates. i imagine they grow less and less the further out they are. what do you make of that? >> well, first of all, you're exactly right on that, neil. and the mayor's correct on the first stat. it wasn't finished though. they go to the court the first time. they do go to court because that's when the benefits and a lot of incentives come and after that, you see the percentage drop in court and boom, never seen. and the system is not working, what the mayor is saying under title 8, which should be, if you come across the border illegally, neil, you're automatically supposed to be deported. you can see here on your video, you can see it in my county, that's not happening and i want to add, too, if i could, neil

-- over 1,039 as of yesterday morning in four and a half days released in my county. if it wasn't for the state of arizona working with my office and our local government here, the state is busting those people from my county to ngo's, it's not the ngo's picking them up, they're being released. if we don't pick the buses up at the local level, over a thousand people will be in the county. this is a broken system, i respect what the mayor is saying, if we're going to enforce the law, he blamed congress and the president and secretary mayorkas own this. neil: you're on the front line and i want to get into the cases and entrants, and i think 30,000 a month declare asylum usually from risky countries, cuba, nicaragua, et cetera, and

that remains in place. i just wonder of those 30,000, who determines those 30,000 and who gets that entry? >> well, let me just -- it's dhs, department of homeland security and let me say that it's their program. when think apply for na, the 30,000 are paroled, same they think we talked about. paroled and allowed in the country with benefits. let me just say that, they get benefits, that's not a credible clear asylum claim, it's paroled it, streamlined open border, so another incentivized way to get people to come to the border. we've got to stop the surge, if we don't continue to stop it, it's going to get worse and worse. 10,000 a day. if you remember eight months ago on your show we were talking when 3500 was a crisis. we're up to 10 to 11,000 a day. at what point do we say we've tilted the infrastructure at dhs no longer working and while

border security and human humanitarian, we've got to secure this border. neil: and mark dannels. last week as i said, 83,000 at a minimum. doesn't include got-aways. 83,000, a record for essentially a single week and some fear it could go higher. furthermore, a lot of holding facilities are maxed, and those shipped out are led and pushed out to other facilities, some that greet them, others that don't. and it's causing a huge dust-up in new york. itself a sanctuary city. but being forced into communities that are anything but after this. this is... ♪ this is iowa. we just haven't been properly introduced. say hello to the place where rolling hills meets low bills.

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kind of force your views or policies on those who were outside your purview. let's say you're about 50, 60 miles north of new york city and you have a real migrant surge problem on your hands and you're trying to ship a lot of those migrants to points north, including orange county. well, you heard from the orange county executive in our last hour who says he's putting a stop to it and willing to go to court to put a stop to it and it's back and forth as in rockland county, 60 miles from new york. and ed, very good to see you. it's getting-- >> good to see you. neil: it's getting pretty nasty now. the mayor says you don't have the right to do what you're doing to stop these migrants, but you're trying to. where does it stand now? >> look, let's understand something, what is missing in this whole debate. the mayor is not the president of new york state. i'm asking the governor to get involved, that's her rule.

number one. number two. migrants transitioning to rockland and they know the area, family and friends here, and we're stretched, and we're doing the right thing, the humane thing right now, but it's difficult for us. the mayor has gone-- after criticizing us going to court he's gone to court and thankfully we beat him twice on a temporary restraining order stopping delivery of people outside of our jurisdiction to our jurisdiction has been upheld twice in court. yesterday, my department of health, here in rockland county, closed down the first hotel that was supposed to be getting 340 migrants. the hotel was operating without a permit and the failure to do so, we shut them down until they could apply for a permit and because of my state emergency-- my emergency order here in rockland county, they have to provide-- they have to get a permit from

the county of office of executive to reopen. we're waiting to see what they do at this point, but right now we have this thing on hold. we will continue to take every legal recourse we can to make sure that this does not occur. this is going to be injurious to the people of rockland and injurious more so, mr. adadams, the people here already, compromised because of your thoughtless way of trying to run my county. it doesn't work that way, sir. neil: we have reached out to new york mayor eric adams. he has politely declined to come on the show, but hope springs eternal, maybe we'll get him on. one they think i wanted to be clear on, you had no warning much like your orange county supervisor counterpart who was with me in the last hour. there was no heads up that they were coming. some local hotels and motels were notified. what was the real skinny there? >> the real skinny is exactly

what you said, myself, also county executive newhouse who got sand bagged after being promised they were not bringing migrants up on thursday from the state and the city and they did it anyway and that's what we're dealing with. these disingenuous, dishonest people. i'm not going to play games with them. we got no warnings whatsoever. when we asked direct questions, when were they ann i -- arriving, contacted the hotels, have the people been vetted, medical, criminal history, do we know who they are? we were told they were coming imminently. and the advisor told that he did not know. and basically they've made the situation what it is. it's unnecessary, and put us in a position where we basically interest so protect our community from the unknown. it's unknown because the mayor has done this absolutely the

wrong way. this is no way to govern. it's no way to work with your fellow county and city leaders, even mike spanno, a democrat in yonkers blasted the mayor for what he's doing. i don't know who he thinks it is, he's not the governor, he doesn't run-- >> the governor kathy hochul is doing something interesting, wrote a letter to the president in which she said she wanted to open up emergency shelters on federal properties, military facilities and the like, to accommodate these swarms of migrants who are coming. what do you think of that? for all i know, some of that might be in your very community. >> i think the time for-- anybody who takes a look at what's going on at the border, again, i focus on local issues. i find it to be the best i think this in the world for me as a local leader, but you know, anybody who turns a tv on and looks at what's going on in the border has to sit there, what in god's name is going on. how are the elected leaders in

the federal government and the president of the united states sleep at night watching this. we're all dancing around this and you know, here we're looking at rockland county to cure the issues or orange county or new york city. the problem is that there are too many people coming across and yet, there needs to be some orderly fashion instituted there to slow, at the very least, slow this down significantly. we can't handle this. this is a self-made crisis that right now is in the lap of president biden and any federal representative who supports this notion. what i find remarkable, if you start going back to videos from years ago, the same players, the schumers, the bidens, clintons, all were saying we have to have an orderly process at the border and rejected out of hand what you're seeing right now. neil: well, it's on now and as you said, the numbers are swarming right now. we'll keep good track of it. ed day, thank you for that update. we've reached out to the governor's office, again, we've reached out to mayor adams' office and hope springs

eternal. in iowa two superstars right now vying potentially for the presidential nomination for republican party, donald trump in iowa, ron desantis in iowa, both speaking in iowa. we're on top of it after this. ♪ lowe's knows when spring is in the air so are savings. that's why we've got all new spring deals, so you can get more and save more to make the most of the season. come enjoy big savings now at lowe's.

>> same state different hours. ron desantis speaking first in iowa. later today after that, some hours later the former president of the united states, donald trump. alexis mcadams following it all in sioux city. >> i want to make sure i'm not on camera when i have to look down. neil: can you hear us, alexis?

>> yes. neil: okay, i think we're going to phil. >> sorry, neil, i can't hear you. neil: go ahead, alexis. >> sorry about that, i couldn't hear you in the beginning. we're in iowa, a busy day so far and it's expected to get busier as we know, both governor ron desantis will be here where i am now in sioux center, iowa and former president donald trump is going to be in des moines, iowa for a large rally. check it out over my shoulder and see some of the setup. let's get into the information here in iowa. donald trump and florida governor ron desantis in iowa, former president trump in des moines. and ron desantis where i am. and two iowa state republicans have endorsed ron desantis for president. >> for me, this isn't a let's

vote against donald trump. that's not it at all. for me, this is more a looking into the future. >> and it's a glimpse into what might be in store for 2024. desantis and trump lead in the early polls. voters we talked to watching both candidates closely amid growing reports that desantis will soon enter the presidential race. >> get some term limits in there, getting some balanced budget, getting some accountabilities to folks that are spending our tax dollars in ways that we need to be spending them. i don't have a lot of confidence in, really, any candidates at this point that they would do what they said they'll do. >> and talking about those endorsements rolling in iowa and across the state. desantis endorsed by more than three dozen g.o.p. legislators just from iowa alone and we checked with the trump campaign prepping for the large rally in des moines and tell us they're going to have some large announcements, too, when that kicks off in a few hours.

once again over my shoulder in sioux center, iowa, you see the tables set up and lots of people lined up to get a glimpse and talk to governor ron desantis. neil: thank you. let's go to phil wegmann, real clear politics, how he sees this race shaping up so far. ran desantis hasn't formally declared. of course, he's not in iowa accidentally. what do you make of what's at stake today? >> so the way i see this, you've got these two florida men in iowa for the first time and in all likelihood, this is one of governor ron desantis' last dress rehearseals before he announces his presidential campaign and desantis world is optimistic. sure, donald trump is the front runner and they're looking at real clear politics average, that he's up 30 points over desantis, but desantis world is optimistic because, a, the trump attacks have not killed him in the crib, and b, they are banking on the fact that

there are a lot of republican voters who are still out there and who still want to move on. and so for them right now, the theory of their case on paper is that this is the end of the beginning, and desantis is alive and that this is the going to be a competition and not a coronation. neil: still, it's a competition that goes really state by state. iowa caucuses, new hampshire, et cetera. and the state by state readings is another. how is iowa shaping up so far. >> you heard alexis mention it at the top there. it's massive that desantis has locked up a third of the g.o.p. caucus in iowa and i think this is significant because if you look at iowa voters here, they're not going to be moved as much by personality, they certainly weren't impressed with donald trump in 2016. they're here for a more sober reason pitch and i think that's something that suits desantis well. but look, how did donald trump

start his morning today? he went on a tear against desantis on truth social, for good reason. he read the report, desantis has raised 4.3 million and given to other g.o.p. candidates and he saw the endorsements and sees some traction behind this argument coming from ken cuccinelli who told me that voting for desantis, at the top of the ticket, he could bring along other republicans and solidify majorities in both houses of congress. neil: the battle is on and their arguments are on. i want to take you back to the border, looking differently not from the people trig to trying to police those coming in, but ranch owners dealing with the mess they often leave behind. after this. ys to replace it with a new one of the same make and model. get a whole lot of something with farmers policy perks.

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>> i asked the congress for a lot more money for the border patrol. they didn't do it. made it harder. neil: all right. well, back and forth on who is to blame for the mess at the border, from the president saying, look, if they gave me more money. of course, he's blaming republicans for not providing that money and the back and forth goes on. in the meantime, my next guests are dealing with it firsthand with migrants destroying their property and constantly going through that property. stephanie and marcus join us

out of catula, texas where the their ranch is. and stephanie, i'll start with you, if your husband's okay with that. on what's going on and what has you concerned? >> the groups of people that are coming through our property. they're plowing through our fences, that are walking across our property. the groups just continue to get bigger and now that title 42 has gone away, we're anticipating that the groups are going to get even larger and that's very concerning to us. neil: we're showing some images of that, i assume from your property, guys. marcus. >> yes. neil: tell us what they do. it's a big ranch and you're right near the border, so, they go marching through. explain what goes on. >> well, typically when the groups pass through, they're inching closer and closer to the house, and you know, before they get picked up they drop off their clothes, backpacks, trash, water bottles, plastic,

of course, you know how cows can't digest plastic, with uns they eat the trash some of our cows might die. it's a constant battle of picking up the trash and fixing the fences if they're not pursued or bailed out or anything like that. neil: now, have the numbers picked up, stephanie, since, you know, this started getting to be a big issue? >> oh, yes. at the very beginning when biden took office and the groups started coming through, we had groups of, you know, five to 10 and every few months the groups just continued to increase. neil: so this idea of title 42 going away, now fears that the numbers could get bigger. what are you seeing or what do you fear you'll see now? >> well, we are anticipating in the next few days to see even more bailouts than we already have in this area. and we also anticipate that the groups coming through are going to increase.

as they come through, you know, so we've purchased more fencing equipment, we've put up more cameras throughout our property, and that's all at an expense to us and that's the most frustrating part. neil: it looks like they just cut through that tensing, marcus. do you mind telling me how big is your ranch, how much land does it cover? >> it's a pretty good chunk we're blessed to have a few thousand acres and no telling when they're going to blow through or where they're going to go through on the fences and, yes, that barbed wire gets caught in their vehicles and they take that along with them as they're plowing through the brush and the longer they go, if the wires don't break, the more wires we've got to replace. neil: incredible. have you ever, either of you, encountered them directly in person? >> yes, i have. out in the field while we were working cows and also another time when i was on the tractor plowing the field. neil: and what happened?

>> you know, typically they've asked for food and water. i've had a couple that were pretty aggressive that i needed to charge their phone, you know, and call them a ride, and that's, no, we called border patrol direct and stand our ground as best we can. neil: have any of them ever threatened you? >> no, no. they usual will i -- we're pretty well armed every day and once they see that, they kind of back off a little bit. the scariest part is only one or two approaches you, you don't know how many are in the group in the brush. and always make that call to the border patrol or dps. neil: if you had a message on authorities how to deal with this and we're told they've hired a lot more guards and patrols to deal with this, but it doesn't seem to help what you're dealing with. what are you ask them or tell them? >> i don't know. that's kind of tough. they're doing all they can

right now and we appreciate them. you know, we're in constant contact, communication is key. everybody's trying to put some sort of plan together, but it's-- you just don't know where they're going to be at any given time when they're coming through or what type of the night. there's really nothing you can do. there's a lot of things in place right now that help to try to get patterns and things like that and i wish we could do more for the guys that are fighting this on the front line and stuff, but i'm really not sure what we can do other than just once it happens, you know, here we go again, let's go fix the fence and let's go pick up trash, that type of deal. >> we are very, very thankful to our local border patrol agents though. they've gone above and beyond for us and our first call out here in the middle of nowhere. neil: you say in the middle of nowhere, a beautiful land, you have a lot of it. it steams seems to be building. and as you know, the judge has

shot down one of the administration's plans for more to come here with no paper work. if that were allowed, i don't know where it legally stands, guys, likely having more people crossing through your property and no way to account for these so-called got-aways which are the ones coming through your property. are you concerned or worried? . of course we are because the groups continue to get bigger and you know, when you're out there in a pasture by yourself and a group of say, 30, 40 people approach you, you're outnumbered and that's the scariest part for us out here. neil: you know, marcus, you said something interesting, you both have actually, but that they don't ever get violent with you. and i don't want to put words in your mouth. when you've refused some of their requests, i'm just wondering, do you fear that could change, that the greater the numbers, the more likely a

percentage that will respond very differently than what you've seen thus far? >> there's always the chance that it will, we just-- i don't want to call it the game, but it's part of when you're in the middle of nowhere and the unknowns or got-aways are out here, we don't know who is good or bad. that's not my judgment, i don't know who these people are. at the front line, these are the ones that kind of circumvent going around to not get caught. and to my mind that tells me you're hiding something and a few border patrol caught on the ranch are wanted for things in other states, and deported. and i don't know who is good and bad, i try not to take the chance, i'm always on the phone making the call. with the groups coming in if my truck is is nearby, i'm on the tractor, my head is on a swivel

discing or whatever i'm working on. they might see the vehicle and there's their chance to get one and go north or wherever they're going to go. neil: and the numbers we have, and you know far better, out of those apprehended 28,000 have been found to have criminal records and they don't detail the crimes that were committed. but i guess i'll go back to you on that part of it, stephanie, because when you or your husband refuse requests for those who want their phones charged or what have you, what is the reaction they give you? what do they say? are you afraid? >> as long as, you know, as long as we have our gun on us, we're not afraid. some of them have been a little, you know, they do get aggressive because they will demand that you charge their phone or that they demand that you give them a ride further north to san antonio, houston, dallas, and when they tell them we can't do that, they get a

little aggressive, but again, as long as you know that, they haven't so far, you know, tried anything, any worse than that. neil: amazing. >> so we make sure that we do have a weapon on us when we go in, when we leave the house at all. neil: stephanie, final word. marcus, just incredible what you guys are going through. hang in there. stephanie and marcus canales on the front lines. we'll have more after this. my retirement funds allow me to enjoy what i love to do. as long as you can make an impact, why stop? findings show that repeatedly gripping small and thin

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different than the ranchers. as a doctor once someone is in front of you regardless what happened on the side, the physician-patient relationship and i've seen migrants over the years and i see them for orthopedic injuries and things like that. it's not easy to differentiate if someone is a migrant or not because they might be especially in new york. one of the things, could they have a higher risk of having polio virus, for example, because a lot of them may be unvaccinated from their home countries and stuff. there's been a memo that's come out in the past month or so that says that we should be asking migrants about their vaccination status. but i would say this is also very difficult to actually do because since you don't know for sure if someone is a migrant or not, and how can you know if you're asking a migrant about it. you might have to ask everybody about their vaccination status,

a difficult thing to do depending or your specialty. neil: do you ever worry that they're bringing things with them that they might not know? is that a danger? >> yeah, so i think for the general public, that's not necessarily something that we have to worry about because most people have been vaccinated against polio, especially if they went to school, but of course in new york there was an outbreak in the past year. so, it's just like with certain vaccination in general, it can protect you to a certain extent, but if there's a high enough density of people who have had the exposure, then you can still be at risk for it. neil: i see. >> so i think what the government is concerned about is actually disclosing the statistics or the rates about this because since in new york, for example, they took such a hard stance, a strong stance about covid, to then now say this about polio, and it's an uncomfortable situation. neil: all right, we'll watch it closely, doctor, thank you for that. in the meantime, a close eye on

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>> all right. now they call this good news. better than expected readings on consumer and wholesale price inflation. it's still high, but not as high and a continuing trend that shows maybe we're getting it under control. and danielle, and jonas max ferris. danielle, do you buy that, is it under control? >> especially goods prices are falling, but a lot of u.s. households given what we saw yesterday out of the university of michigan, feel like prices are stubbornly high especially for rents. a year ago if you were getting a new lease on an apartment you were paying much higher rent and now it's the complete

opposite of that case. and you're paying out more. the sensation of stagflation is setting in with u.s. households and the factor that we see it rising in 70% of states. >> we're absorbing price hits maybe because we're numbed by them and we're grateful that they're lower than they were. how do you think it plays out? >> the big problem, consumers are now expecting prices to go up over 3% a year and it hasn't been like that for a long time and that's the problem. raising prices if you're in the business and employers, employees want more and baked in the system and hard to bring down. another reason it's hard to bring down where they want to go which is about 2%, is that basically, the banks are collapsing because their loans are falling in price and they can't keep raising rates. rates, 5 and a quarter are not higher than inflation which is normally what you have to have happen to bring inflation down,

7% rates. but they can't do that without causing more bank problems and the banks make the loans and causes big recession. they have to hope that inflation is going to come down. at this stage would require a tax and spending cuts, because the fed is running out of game at this point. neil: you think about that, if their goal is to still to get it down to 2% and we're averaging around 5%, that's, in the aggregate, we're a long way from getting this under control. >> we are, in fact. jonas was referring to inflation expectations on a long-term basis popping up to the highest levels since last june when the fed first hiked rates by 75 basis points, three quarters of a percentage point, in order to begin getting it under control and bringing the expectations down, but jonas is right, we're in between a rock and a hard place when it comes to fed policy because we seem to have this rolling banking crisis where banks have been so pinched because of higher interest rates while at the same time they're curtailing

credit across the economy whether it's to businesses large and small and/or u.s. households. a big problem here, neil. neil: and are you worried about the banking situation? it seems like whack-a-mole, and a bank arrives and pac west the latest and what do you make of it? >> the sense that we've never seen bank stocks fall so much without the economy eventually tripping up. even when the banks falling in the late 90's, and before the '08 crash. the bank stocks fell way before, it's the banks and subprime lending never be the regular markets, that's solid and the whole thing went to a cascade. and to be a little more positive about it, we haven't really seemed to fall what you see in a recession, but the rates have gone so high, but we haven't seen a rate climb. neil: and breaking news at the border and elsewhere, danielle

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