tv Jose Diaz- Balart Reports MSNBC November 2, 2022 7:00am-8:01am PDT
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was a hank aaron whisperer. when he wanted to get something out there, it would come through me and became an executive of the braves, he was very outspoken about baseball and racism and how they treated black players and people in general. when i would get the stuff out, i would get blasted and he would get blasted. so in many ways, he was lebron james before lebron james and colin kaepernick before colin kaepernick. >> wow. >> i'll tell you one thing, joe, hank aaron in terms of the mobility of sports and a human being unmatched. >> yeah. >> unmatched, jonathan. >> beyond -- >> hall of famer and american hero. civil rights icon and extraordinary ballplayer. >> as rev said, the humility, as well. he carried it, you know, again -- he carried it so extraordinarily well. >> the book is "the real hank aaron, an intimate look at the
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life and legacy of the home run king." terrance moore, thank you very much for being on today. that wraps us up for this hour. jose diaz balart picks up msnbc's live coverage right now. and good morning. 10:00 a.m. eastern, 7:00 a.m. pacific. i'm jose diaz balart. we have breaking news. we got word president biden will be delivering a speech tonight in washington d.c. nbc news chief white house correspondent kristen welker joins me with that. what do we know about this? >> jose, according to sources familiar with the president's plans tonight, he is going to deliver those remarks at 7:00 p.m. eastern at union station here in the nation's capitol and the focus is going to be democracy. we have heard him say this. he was at a campaign event in florida yesterday where he said democracy is on the ballot. now, in a release from the dnc, they previewed this by saying the president will address the
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threat of election deniers and those who seek to undermine faith in voting and democracy and the stakes for our democracy in the next week's election. obviously, jose, the timing is critical. it is key and one of these sources telling me adding urgency to this matter they've been quite alarmed by the number of republican candidates who seem to be suggesting that they may not except the election results as well as the fact that according to this source, you have some republicans who have not denounced the attack against the husband of house speaker nancy pelosi and some who've even mocked it. the timing of this clearly comes against the backdrop of the midterms one week out. it's worth noting, jose, and taking a step back. president biden has really not been on the campaign trail very much. in fact, that event in florida yesterday was his first big rally that he held for democratic candidates there and instead, we have seen him really
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try to focus on these issues that matter to voters giving these speeches on the economy, on abortion and tonight, on this issue of democracy. if you look at our polling, threats against democracy one of the voters top issues so the white house clearly aware of that, as well. again, these factors adding urgency, jose. >> kristen welker at the white house, thank you so very much. also breaking news overnight, "the new york times" reports that senior russian military leaders recently discussed how and when they would use a tactical nuclear weapon in ukraine, according to multiple senior officials. russian's leader vladimir putin was not part of the conversations but the report follows previous threats from putin about using nuclear weapons to defend russian territory. and while alarms are being raised, u.s. officials have said in recent weeks they've seen no evidence russia is planning to use a nuclear weapon.
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nbc news has not independently confirmed the report but joining us is a reporter that broke the story. helen cooper and an msnbc political contributor. what more can you tell us about these conversations? >> hi, jose, thank you for having me. these conversations, which are a little alarming happened -- our u.s. officials tell us have been on going over the past month. this intelligence was picked up two weeks ago and disseminated within the u.s. government and we talked to a number of american officials about this. what this shows is just sort of the russian military and the russian military command structure with their backs against the ball because of the ukraine advances both in the
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east and in the south and they have been talking, senior russian military leaders have been talking about the circumstances around which they would try to -- they would use a nuclear tactical nuclear weapon. now, russia has 1,000 to 2,000 of these tactical nuclear weapons, which are shorter range lower yield than what we think of as the standard in a continental ballistic missile and these are considered by russian leaders to be battle field, sort of battle field nuclear weapons but they are enormously destructive. they would kill thousands upon thousands of people and nothing of this sort has ever been used in combat before. so the very idea their russian leaders, russian military officials are talking about this is a little bi
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american officials say they have not seen signs russia changed the nuclear posture and have not seen signs of weapons being moved into place but it just a little bit scary to even be talking about this sort of thing. >> yeah, and the fact that you report that it's not just one conversation that could have been a one off, this is a series of conversations of on going conversations that have been going on in the past month as you say. so there is something behind this level of conversations, even though putin may not have been in the room. this is on going. >> this is ongoing. that's what is a little bit scary about this, the fact that this is now considered something that they can -- they are talking about as sort of -- i mean, we don't have any reason at this point to believe they're about to deploy but something
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that terrifying is a little alarming. biden officials believe the temperature has been lowered in the past week or so. defense secretary lloyd austin had two phone calls with his counterpart. the russian defense minister sergei of this intelligence was disseminated, general mark milley, the chairman of the joint chief of staff spoke with the russian general after this and a few days later, vladimir putin gave a speech last week, thursday in which he said it doesn't make sense, russia is not going to use a nuclear weapon. this could be russia dialing up trying to spin out the west, nobody knows for sure at this point but it's the more, you know, and the more you talk about this sort of thing it starts to normalize it, which is not something that you kind of
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want to see with nuclear weapons. >> helen cooper,thanks for being with us. more breaking news, a dramatic escalation between north and south korea. air raid warnings went up after 20 missiles were fired and landed in the waters around south korea and japan. in retaliation, south korea sent fire jets and fired three air to surface missiles that landed in the sea. it came hours after north korea threatened to use nuclear weapons to get the u.s. and south korea to pay. in a statement the u.s. military said it's aware of the launches and called them reckless and destabilizing. let's turn to another top story this morning. there are six days until election day. more than 27 million voters have already made their voices heard in the midterms.
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either voting early in person or by mail. candidates are making their final pushes on the trail this morning in wisconsin, senator ron johnson is making stops on his campaign bus tour as polling shows his democratic challenge er mandela barns is trailing and elissa slotkin is appearing and liz ch cheney. joining us is live from lansing, michigan and nbc news correspondent shaquille brewster in wisconsin. shaquille, what are you hearing from voters going into tuesday's election? >> reporter: well, jose, it depends which side those voters are on and that's what we're seeing out of the candidates now. this is that closing week of the election. you see behind me ron johnson in wisconsin. you see him making the pitch to voters in the area. the rhetoric on the campaign
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trail is definitely heating up. he's been launching a lot of attacks against his opponent mandela barnes. but going to what voters are saying, you hear conservative voters. those here say their top issues are things like immigration, things like the economy, the kitchen table issues is something that is driving them to the polls in this election but i was in madison yesterday talking to student voters. that's where democrats get a majority or at least the biggest share of votes in the state and when i asked what their top issues are, this is what they told me. listen here. >> climate change is the big issue for me. probably what i'm most worried about. >> i'm passionate about climate and the environment and i'm also very passionate about reproductive rights. >> reporter: what were the issues you were thinking about as you cast your ballot? >> abortion. health care a big feel for me as a woman in wisconsin.
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>> reporter: the hope for both sides is that that passion that you heard and the energy you see out here, the crowds you see out here turns into votes not only on election day but now during early voting. here in wisconsin, more than a half million people already cast their ballot, jose? >> shaq, new polling shows a heated governor's race there, as well. >> reporter: that's exactly right. we got a fox news poll yesterday that shows the margin of error -- the race, excuse me is in the margin of error, one-point difference between those two. you're getting internal from different campaigns but the big poll a lot of campaigns and people in wisconsin are watching for is the marquette university law school poll. that is coming out later this afternoon. that's the gold standard poll in this area. many people keeping a close eye on that to see the true impact of this race and the true margin in this race. one thing you hear from both sides is this is a margin of error race. it a jump ball as many people have been telling me and it's going to depend on who turns out
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to vote. >> julie, you spent time with congresswoman slotkin fighting to keep her seat. what did you learn? >> reporter: jose, you heard shaq talking about kitchen table issues like inflation and crime and immigration. those are certainly top of mind for voters here. but what also elise emphasized is democracy is the foundation of the home in which the kitchen table sits and that's why she had congresswoman enter a packed room of 600 people in east lansing inside a high school gym where she took the stage and endorse the elissa slotkin, the first democrat she's ever endorsed in politic history, which is a long one. i spoke to elissa slotkin that
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made magic happen in 2020 and out performing president biden. lids was the number three republican not house. we were ccompetitors, colleague and adversaries on issues. on this issue we're united and to me, the greatest thing that i can do to help the republican party find its compass again is to beat the people who are extreme, and i can't fix them. i'm a democrat, they're the republican party, what i can say if i put up extreme people in democracy, they won't win in my home state. >> reporter: look, this is a neck and neck race, this district compared to the one that elissa slotkin and she
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didn't mention her opponent often stage. he denied the results of the 2020 election and made a point to tote democracy in the final days of the campaign trail closing out the message the way she started a tone of bipartisanship hoping that will take her across the finish line on tuesday. >> julie and shaq brewster, thank you very much for being with us and joining us now with more is msnbc political analyst michael steele, former chairman of the rnc. good to see you buddy. let's talk about we were just kind of analyzing with julie, so slotkin being supported by cheney, slotkin cheney is an odd kind of two words to put together. tell me about that. is there political capital that cheney has that can help slotkin now? >> welcome to the brave new political world, right? yeah, no, i think there is and
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liz wouldn't do it if there wasn't political capital to be earned here and the political capital runs in three ways. it runs to liz cheney who is more and more now elevating her profile and carving out a very clear democracy space within what's left of the gop. i stand firmly with liz and adam kinzinger and others inside the party in that regard and then for ms. slotkin, representative slotkin showing her ability as a democrat to draw a fellow colleague from across the aisle to support her efforts, again, within this democracy space because that is an underlying narrative that's important and third, the democracy itself to see that the effort, good faith effort being made and put forward to defeat that. you see that here in this race and where adam is going and
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supporting democrats and see it in races like mcmullin in utah able to work with the democrats to get their support to stand behind him against mike lee and that race in utah is a jump ball race in a very conservative state like utah. this is a brave new world. it an important new world that is emerging alongside of this corrupted effort to take down or at least weaken democracy and that's what the voters are going to have, i think, on their minds as they go into the polls in six days. >> yeah, i mean, president biden meanwhile will talk about protecting democracy tonight. have democrats done enough on the messaging issue on this issue being important when we're seeing that a lot of voters are talking about other issues that are more important to them in very visceral direct ways? >> we don't have enough time to
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go how the democrats have messed up the messaging over the last eight months, but what is happened is the candidates themselves have found a way to fill in that space while you're lacking some national narrative, which i thought should be the democracy argument that would die into what is going on at the kitchen table in communities across my state of maryland, michigan, minnesota, et cetera. the democratic candidates have been able to do that. that's why these races have not gone sideways so many of them. because as you and i have talked before, you know, this is supported to be this great big wave, you know, the republicans had coming into the summer, even a little after dobbs with that hicup you saw it resettle in the republican's favors but now the voters are asking themselves in addition to how do i feel about the economy, how do i feel about what, you know, my ability to put food on my table, they're
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also asking themselves how do i feel about those people who are saying that donald trump is still president of the united states? and refuse to acknowledge what happened on -- in 2020. so the messaging has been salvaged a little bit by the candidates themselves and the president now with the help of president obama has been able to put that sort of national framing in a way that could be helpful in closer races over the next six days. >> and so, michael, when you and i spoke on the 8th and 9 th and 10th of november, what are the areas or geographic areas or voting patterns in our country you're going to be looking at to be the bellwether things that decided this thing? >> well, you know, i think first off, what i'm -- i'm not going to be really looking for the answer right up front because i think it important to drill down
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for people to understand that we are not going to have winners declared on election night because of the way a lot of the state laws have been changed certainly in states where republicansby early ballots won't get counted until after the same day vote. in places like georgia where it will be close because of that you're going to likely have a runoff. so that senate race may extend. you may know who the governor is but the senate race is going to extend. so i think people need to just chill a little bit, sit back with a martini or a glass of wine and enjoy election night coverage with steve kornacki at the big board and join you the next day to catch the overnight changes but i think we're going to be in for a little extra ride here because of the way the voting laws are -- have been remade since the 2020 elections, having said that, i'm going to be looking at places like arizona and pennsylvania, which
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will be bellwethers for the setup for 2024. if the voters decide they want to give power to election deniers in arizona and pennsylvania, then what that says for 2024 is strap in. because it's going to be a hot mess and voters said yeah, that's what we want. we want someone who is already told us they're not going to ax -- accept the results of the election now or 2024. i'll look at to see what they say about where we go next. >> michael steele, always a pleasure to see you. thank you for your time. >> you got it, buddy. >> thanks. still ahead, a firsthand look at what migrants go through as they make the dangerous journey to come to the united states via boats and rafts. what one border patrol agent told me about the condition they're in when they land. but first, new details in the attack on house speaker
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nancy pelosi's house. what investigators say the suspect told them at the scene, next. you're watching "jose diaz balart reports." balart reports." it's nice to unwind after a long week of telling people how liberty mutual customizes your car insurance so you only pay for what you need. showtime. whoo! i'm on fire tonight. (limu squawks) yes! limu, you're a natural. we're not counting that. only pay for what you need. ♪liberty. liberty. liberty. liberty.♪ why give your family just ordinary eggs when they can enjoy the best? eggland's best. the only eggs with more fresh and delicious taste. plus, superior nutrition. because the way we care is anything but ordinary. ♪♪
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mission beyond targets besides the pelosis. "the washington post" first reported and nbc news confirms the attack on paul pelosi was captured on police video cameras installed at the home but nobody was actively monitoring the feed according to two sources familiar with the matter. joining us is erin mclaughlin. what's the latest on the investigation there? >> reporter: good morning, jose. well, this morning there are new questions about what security precautions are necessary for high ranking federal officials in light of this attack on speaker pelosi's home, especially given the reporting there that you just mentioned that capital police had access to a live feed of the pelosi home during the time of the attack and yet, no one was monitoring that feed. there is additional news reports
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that it's only after the fact, after the break in that capitol police went back, reviewed that footage and saw the suspect breaking into the pelosi home and then you have the court documents in which 42-year-old david depape the suspect allegedly told authorities that he was on a suicide mission when he broke into the home, that he had -- was sick of the lies emanating from washington in his words and he had other targets in mind, several other prominent federal and local officials, as well as a professor, as well as their relatives, although, those individuals, according to the court documents were not named specifically. all of this playing into new questions what security arrangements are necessary for these high ranking officials just yesterday we heard from u.s. capitol police. they put out a statement saying they are reviewing calling for
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more resources to secure members of congress in light of -- according to the statement, the current political climate. jose? >> yeah, there are so many questions, erin, the fact they were monitoring those -- the video feed but if the alarm didn't go off, it would be difficult to just have someone watching every single feed 24 hours a day but there are so many questions. thank you very much for your report this morning. up next, newly published 911 calls from the uvalde school shooting revealing chaos and confusion. one of those calls made by a 10-year-old girl. >> coming up, yesterday we went with border patrol into the waters migrants cross to try to get to the shores of florida. >> we are just a little over six miles from the shore of the keys straight down this way. 80 miles cuba, about 40 miles
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one of those rooms. one of those chilling calls came from a terrified 10-year-old girl chloe torrez that survived the shooting. i want to warning you it's difficult to hear but we think it's important to show the full scope of law enforcement response that day. >> theres a school shooting. >> yes, i'm aware. i was talking to you earlier. are you still there in your room, room 112? >> yeah. >> okay. you stay on the line with me. do not disconnect. >> can you tell the police to come to my room? >> i already told them to go to the room. we're trying to get someone to you. >> with us now is zack of the texas tribune, one of the journalists behind the reporting. thank you for being with us. it must be so difficult for parents to hear this, these revelations have come out drip by drip by drip. these are recordings that are just horrific, zack. >> good morning, jose, yes,
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certainly we talked with a number of families in the previous two days letting them know this story was coming and everything that was going to be in it. what these 911 calls and police radio dispatches that we have obtained reveal is the real consequences of not having an effective incident comander on the scene because we have now evidence that some police knew that there were most likely students in the classroom early on and knew when students were calling 911 including chloe saying people were shot and needed medical attention and we know some officers had no idea there were students in the room with the gunman. some expressed surprised when police went in and killed the gunman to find there was multiple victims. this stems from the fact nobody took charge of the hour-long response. >> yeah, i mean, to think that
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it was 77 minutes, zack, and the fact is not only there was no effective scene commander, there was no apparent commander at all taking charge. and had these conversations happened five minutes in but these conversations went throughout those 77 minutes. >> what we learned from again these dispatches between police and their dispatchers is evidence builds and builds throughout these 77 minute response, accurate information is coming in that police could have acted on that they could have learned and should have known that there were students in the classroom with the gunman. there are several key pieces of information that's miscommunicated. early on a dispatcher said the school police chief arredondo
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was in the room with the shooter. that was never true but officers believed we have a negotiation going and perhaps we can end the standoff and they didn't act quickly to confront the shooter based on that incorrect information. >> how was this i information transmitted to so many? there were more than 300 officers there at different times during the 77 minutes but zack, what is the state of the investigation into law enforcement response of that day today? >> there are a number of investigations going. the district attorney will ultimately take charge of whatever investigation is forwarded to them by the department of public safety and state police. they are conducting their own investigation and fired one officer of the 91 state troopers and other series are under investigation. we'll see what happens with those. >> thank you so much. really important reporting you're doing and appreciate you being with us this morning. up next, the migrant
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humanitarian crisis, the policy and the politics behind the record increase of migrants making the journey to our shores. you're watching "jose diaz balart reports." e diaz balart reports." sometimes you're so busy taking care of everyone else you don't do enough for yourself, or your mouth. but eventually, it will remind you. when it does, aspen dental is here for you. we offer the custom dental treatments you need, all under one roof, right nearby. so we can bring more life to your smile... and more smile to your life... affordably. new patients without insurance can get a free complete exam and x-rays, and 20 percent off treatment plans. schedule your appointment today. i tried everything to remove fabric odors, but my clothes still smelled. until i finally found new downy rinse and refresh! unlike many other products, downy rinse & refresh doesn't cover odors or leave residues... it helps remove them. it's safe on all fabrics and gentle on skin -- just add to your fabric softener tray.
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through 90 miles of open water. i spoke with the agent in charge of patrolling that area who almost daily is rescuing people out at sea. >> we're at a 200 plus percent uptake from last year. >> you're up 200% from last year? >> yes, sir. >> in this area? >> in the lower keys. on a boat with a little protection from the elements here. you have heat induced stress, heat stroke, on boats that have the petroleum, the diesel type boats, a lot of times people are sitting with exposed skin to fuel and petroleum products so we see chemical burns all the time. the lack of nutrition, lack of basic food and water. >> how does it make you feel people have been five, six, seven-days at sea and really difficult circumstances? >> i'm sympathetic to the cause. i understand to a degree the
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magnitude of their destitution, if that's the right word, you know, economic struggles. there is zero infrastructure. all that stuff, i get it. i understand it. but i also understand that i have a job to do and, you know, i'm just simply enforcing immigration law and the -- my process is to take those people into custody, you next give them an opportunity for asylum request through the right avenues, make sure their health and well being is taken care of and let the cards fall where they may. >> joining us this morning, border reporter with "el paso times" and former republican congressman. laura, you're in el paso. when we were there just over a month ago, the city was receiving about 1500 migrants every day. el paso is one of the areas seeing this humanitarian crisis play out on a daily basis. what's the situation like there
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today? >> reporter: there are far few people crossing now that title 42 is in effect for venezuela nationals. many of the veezuelans crossing are being sent to mexico and set up an encampment on the south side of the rio grande. >> laura, this title 42 is a health issue that they're only enforcing or mostly enforcing now with venezuelans, apparently it's according to what the logic would lead us to believe if they're being title 4 2ed it's because they're possibly carrying more coronavirus than anybody else. being that said, laura, what is the situation just across the border where you are on the other side? where are they living and what are they doing? >> reporter: so we know that
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title 42 is ultimately a health authority. that being said, it has been used by both the trump administrations and the biden administrations to quickly expel migrants to their country or origin or for venezuelans to mexico to help stem the flow of venezuelans coming to this country to seek asylum, to work, they are fleeing terrible economic conditions in venezuela and political conditions. what happened in juarez, so many people have been returned, they're in a sort of limbo. many of them lost their passports or had them stolen on the long journey north from venezuela to mexico and don't qualify for a program also part of the deal between president biden and president lopez to
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process up to 24,000 venezuelans by air into the country but because they're lacking documents, many don't qualify and many of them don't have a sponsor in the united states. these are folks coming and really know no one here. >> yeah. and carlos, meanwhile, bringing it back to another border, which one doesn't think about but florida is a border state in someways. the agent we spoke to said they don't have the ability to keep track of how many people die trying to reach the united states. i mean, this is a humanitarian crisis. carlos, why is this happening now? >> jose, you're right. this say political question and issue in our country but when we zoom out, we realize that this is truly a humanitarian crisis. these people are so desperate, cubans, venezuelans, central americans are risking their lives and some are losing their lives to come to the united
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states. what we're seeing is that people in these countries are just tired. they're desperate. they know they have no future in the countries because governments like the regimes have completely devastated those societies so they are willing to risk their lives, the lives of their children to come to this country. now, setting that aside, this is a political issue in our country and it is going to have an impact on the elections that are just under a week away. >> carlos, let's talk about that. the last time there was any comprehensive immigration reform was 1986 signed into law november 6th, 1986. think about that. that's 36 years ago. lionel richy was dancing on the ceiling in 1986 and since then we have had zero comprehensive immigration reform. republican nor democrats have been able to get-togethers and do anything substantial. we talk about the 2013 gang of
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eight and talk about proposals that you and others on the republican side had but the fact is that is not gotten done. why, carlos? >> and that's the irony, jose. one of the reasons why we have all of this uncontrolled immigration is because our legal immigration system is extremely inefficient and bureaucratic. think about the fact we have twice as many job openings in this country as there are unemployed people. we sure could use more legal immigrants to fill these jobs to keep inflation low, to just make the economy work better but that doesn't work so instead, we have people coming to the country illegally. congress does need to solve this. one of the big reasons we have the chaos at the southwest border and other borders like florida as you pointed out is because our immigration laws are outdated and inefficient and not compatible with the needs of our
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economy and that also invites illegal immigration. >> carlos and lauren, thank you both for being with us this morning. up next, he was ousted from office and on trial facing corruption charges but guess what might be the next former israeli prime minister? who might be. benjamin netanyahu. you're watching "jose diaz balart reports." orts." research shows that people remember ads with young people having a good time. so to help you remember
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just buy any footlong in the app, and get one free. free monsters, free bosses, any footlong for free! this guy loves a great offer. so let's see some hustle! 50 after the hour. israel's longest-serving prime minister benjamin netanyahu might soon be returning to power. israel just held its fifth election in four years after the coalition government that removed netanyahu from office collapsed in june. netanyahu continues to face an ongoing corruption trial for allegedly accepting bribes in a breach of trust. he's denied any wrongdoing. here's the latest. >> reporter: with more than 97% of the vote counted, it is looking like benjamin netanyahu is on the cusp of an extraordinary political comeback and will once again become the
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prime minister of israel. remember, he's already the longest-serving prime minister in israeli history. he's had two stints in office already and it looks like he's coming back for a third. we don't yet know the exact totals each party has won in parliament, but it's looking like netanyahu are going to get over that magic number of 61 which is what you need for a majority government. now, what that government is going to look like is the big question here in israel today, netanyahu has said he is prepared to give cabinet posts to members of these far-right parties who up until very recently were on the absolute fringes of israeli politics. now they're very much in the mainstream. it's looking like they're going to win more than 10% of the overall seats in the israeli parliament and netanyahu will be dependent upon them for his majority. now that could potentially pose some serious challenges to the
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biden administration. will u.s. officials sit down with israeli ministers who hold senior posts in government on the one hand, but on the other have this long history of extremism? we've heard from the palestinian prime minister this morning, he is saying they did not have any expectations that the israeli/palestinian peace process would be revived, but the fact that this government is looking so right wing is proof they're not going to happen at all. remember, there are still weeks and weeks of coalition negotiations ahead. netanyahu is going to have to go into back rooms and make deals with potential partners for government. anything could in theory happen in those negotiations. there could be a surprise, we could end up going to yet another election which is something that's happened four times already. but right now benjamin netanyahu is looking in an extremely strong position and it is looking like he's coming back as the prime minister of israel.
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>> thank you very much for that report. following his defeat in sunday's runoff election, bolsonaro signaled he will let the transition progress begin. he broke his silence on tuesday. while he did not acknowledge his loss, the former president lula de-silvia, he did not contest the result either. coming up, what to expect from the fed today. stephanie ruhle is going to be with us to explain that to us next. you're watching "jose diaz-balart reports." u're watch diaz-balart reports. >> tech: at safelite, we take care of vehicles with the latest technology. we can replace your windshield ...and recalibrate your safety system.
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americans' mind. with us now is stephanie ruhle and just a fantastic person. >> thank you. >> what are you watching -- thanks. it's good to see you. what are you watching for the federal reserve today? >> like the rest of us, i'm waiting to hear what they're going to do and as you said, they're likely going to raise rates. this will be the sixth time this year and it's complicated. for jay powell, his number one goal is to lower inflation. it's so slow it down. while they've been raising rates throughout the year, thungs things haven't been slowing as quickly as they hoped it would. inflation is high. most of the things we're buying every day cost a lot of money and now with interest rates going up, that means our credit cards cost more, any time we're
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borrowing money, mortgages, car loans, that costs more. it's a tricky and difficult time. jay powell has to thread this needle. >> the higher the interest rates go, the more we are going to see the impact of that. >> absolutely. but here's the thing. look at housing, for example, right now we know mortgage rates have doubled this year. that makes it harder to buy a house. but remember a year ago when rates were superlow, the price of homes was really high because everyone was saying, it's cheap to borrow, i'm going to buy the house. that drove the prices of houses up. you're starting to see housing prices going down, and people are freaking out saying the value of my home is going down a little bit. but it's more affordable on the top line for people to buy houses. in order for them to slow the economy down, we don't like it, but they got to do this to control inflation. that's our biggest problem. >> what's really cool, it's coming up on the 11:00 hour, so
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in 12 hours, we'll get to see you again on that program that we can't miss. >> hopefully, i'll get a nap between now and then. >> i hope so too. great seeing you. >> great to see you. that wraps up the hour for me. i'm jose diaz-balart. you can reach me on twitter and instagram at jdbalart. thank you for the privilege of your time. lindsey reiser picks up with more news right now. good morning, i'm lindsey reiser at msnbc headquarters in new york. new urgency today from president biden on a critical issue. threats to democracy. he's set to deliver a prime-time speech tonight on the threat of election deniers, which includes around 300 gop candidates on ballots nationwide. on the campaign
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