doug smith: all of a sudden, here it was.or $15 a ton that the industry thought might've been imposed on us. this was massive. this was the end of our export to china. stephen: to make matters worse, the announcement of china's decision came when the new season's crops were already in the ground. doug smith: if they had have made the announcement of that level of tariff in, oh, let's say, february, it would have been quite easy for growers to say, "well, look, we're not going to grow as much barley. but to wait until after, for all intentional purposes, a lot of the australian barley crop was planted. yeah, it was a strategic? i would think so. stephen: it was a bitter blow after exhaustive efforts to refute china's allegations that australia was dumping barley, at below the cost of production, onto the chinese market. doug smith: the timelines that was put on the industry to respond were so short. it was incredible. and the detail that they were looking for. they were looking for basically financial detail back down to growe

doug, “ust to political loss gravity here. doug, just to remind _ political loss gravity here.t to remind our _ political loss gravity here. doug, just to remind our viewers, - political loss gravity here. doug, just to remind our viewers, thisl political loss gravity here. doug, | just to remind our viewers, this is a link to the federal investigation into efforts to undermine the 2020 election results. remind us of exactly what jack smith the special counsel and his office had been looking at?— counsel and his office had been lookin: at? , ., ., looking at? first and foremost jack smith is a special— looking at? first and foremost jack smith is a special counsel, - looking at? first and foremost jack smith is a special counsel, so - looking at? first and foremost jack smith is a special counsel, so he . smith is a special counsel, so he has been appointed specifically to look into these events that surrounded donald trump's try to overturn the election. he is not a biden administration employee, he is not the attorney general, for instance, this is an independent investigatio

and doug high, republican party strategist in the us. doug, we will start with you.hat do you make of the potential indictment heading donald trump sway? it indictment heading donald trump swa ? . . , indictment heading donald trump swa? . ., , sway? it certainly if happens will be big news and _ sway? it certainly if happens will be big news and something - sway? it certainly if happens will. be big news and something voters will be talking about. what we've seen with the whole context of this is a very bizarre conversation to be having about an american former president and not facing a ramifications politically. as a medium effect, short—term effect and a long—term effect the immediate is he'll raise a lot of money. in intensive of support from his core base. in the short term we will see that it benefits him most likely within the republican primary put up as he is being indicted more and more often which is a bizarre thing to say, what we've seen is it reinforces trump's court message that the government is rigged against him, there's a two—tiered system ofjusti

we need to pass immigration reform. >> borrowed czar doug.o be dealing with border has she even gone anywhere near the border? i don't think so. >> i guess, level half a mile close to the border i agree with one thing we should not use folks as political pawns biden administration should not put through ports of entry illegally coming into this country calling it legal pathway you know not legal will be overturned by courts using them for pawns having sanctuary cities using them as pawns using as pawns in 2009, 2010 supermajorities in house and senate you chose to change the system continue to use immigrants as paunz i am sorry kamala harris i give you one thing you are -- >> we're showing, new york city mayor eric adams images has come out said it is going to get worse in the city not better. he has said this is a downhill we are going downhill in new york city, frances newton stacy, he has been screaming from raft ters gets liaison from biden administration. frances: as effective as border czar, the thing is that is the thing if you are bor

doug, you've talked about. so tell us what you think about that problem so we're not asking a senior to sit on a desert island and decide for themselves out everything in their lives. we're asking them to make important choices with trusted advisors and family members and they can talk to providers and doctors there's no reason they can't do that. so idea that somehow in health care, in health care alone, you're by yourself. you have to make really complicated decisions. it's just it's it's a red herring. that's not the reality and we make complicated decisions a lot and we don't understand technical aspects of them. we all buy these. how do they work? i know i'm right. so so you've got advisor networks, you've got no need to. be a technical expert on the thing to actually consumer. we do that and in markets we do that in product. we do this everywhere in the economy. and those same seniors are not making those same decisions. you know, i'm still not sure why my nine year old mother needs a cooperman, but she's

., �* _., doug? no. i'm very positive about that. i'm doug? no. is safe. interesting, doug. thank you very much. you chose your words very carefully there and we appreciate that, we get the message and we understand. ijust got that, we get the message and we understand. i just got another message coming in from a viewer. i'm wondering if you can help, and easyjet flight was on was due to fly from belfast to bristol yesterday, around 6.00 in the evening. status of this, still delayed, not cancelled. 50 still delayed not cancelled, so passengers cannot access any of the easyjet app or functionality for rebooking flights or hotels. have easyjet got a duty of care to keep these things updated, kelly?— of care to keep these things updated, kelly? of care to keep these things udated, kell ? , , ., updated, kelly? yes, they have. i think like paul— updated, kelly? yes, they have. i think like paul mentioned - updated, kelly? yes, they have. i think like paul mentioned earlier, j think like paul mentioned earlier, the battle — think like paul mentioned ea

don't you even close to go there. >> i know. >> doug burgum can play basketball whenever doug burgumt, again, i think the point s you know, this is the moment when you're refining. for example, if you're someone like ron desantis and your strategy is stay cool when the attacks come, you're kind of rerunning that in your mind. if you've got an attack you're going to try to -- or a viral moment you're going to try to go for, you're just refining that in your mind and the teams behind the scenes are getting ready, war rooms are getting ready, but this is not a moment where you come up with some new game day strategy. it's really about you should have already done all the homework, all the study, all the prep so you are just ready to go when you walk on the stage. >> meditation, maybe that's the sport that they should choose to do. >> you can pull a muscle if you don't sit the right way. karen finney, thank you very much for all of this helpful advice. i'm sure the republican candidates would thank you as well for the advice. >> i'm sure. i'm sure. >> sara. >> i'm seeing a basketball tea

and somehow the word spread so fast that doug. had either died or was in trouble and as we drove to the hospital people were on. they're hard hats off and opening up. it was amazing i really thought. it was quite extraordinary anyway we got to. way i can and died twenty minutes before so. soon after dogs deaths chile's national congress voted to make him an honorary chilean sea descent it was an official recognition both of the tompkins contribution to the country's natural heritage and of how much the public have come to embrace them. what a live. here's a guy who had no limitations in this line. you know you're so easily stopped by things that are difficult or seemingly impossible. he's. an example of twenty people yeah. i'll we leave behind a legacy of if you don't establish some sort of value system that awards peace between human and non human world. i'll never get where we need to go. i'm using my final evening in the park to take a proper hike the only way to truly appreciate the spectacular plays. the sony hack into had th

and doug, cuickl , this is all said and done. and doug, quickly. there _ this is all said and done.the four indictments? i donald trump show up for that with the four indictments?— the four indictments? i think not and that would _ the four indictments? i think not and that would be _ the four indictments? i think not and that would be the _ the four indictments? i think not and that would be the smart - the four indictments? i think not. and that would be the smart thing the four indictments? i think not - and that would be the smart thing to do politically— and that would be the smart thing to do politically because _ and that would be the smart thing to do politically because you _ and that would be the smart thing to do politically because you do - and that would be the smart thing to do politically because you do not- do politically because you do not want _ do politically because you do not want to — do politically because you do not want to give _ do politically because you do not want to give your _ do politically because you do not want to give your opponents - do political

we are developing as doug pointed out. we look att a situation where we accumulate a large and dangerous debt. your friends talk about the potential of a crisis. i don't think americans understand the gravity of this. in the case of medicare advantage, zeroing back to the medicare advantage program. bryan, kind of following up with what doug raised. that's the framework that medicare advantage is structured and programmed how do you see that contributing to the promotion of long-term fiscal sanity. >> yeah, the sanity in the healthcare policy is a nice change. we don't get it often. the medicare advantage program wee need benchmark reform. . . .t's risk adjusted remembe, bird per beneficiary permonth , so that's a good framework for budgeting . we can debate about what the appropriate capitation or methodology is but we should have those debates . everyone is having those ll debates in medicare advantage . there's article after article about medicare risk adjustment but the general principles of having a population-based b

is that's right,nk doug? there is aan bipartisan -- could there be a bipartisan interest in reforming medicare advantage? or do you think there is hostility? quicksand is an interesting question. you have to understand the democratic mind. don't like a medicare advantage those are for-profit firms. they really like medicaid. i'm not sure they realize most medicaid patients are being taken care of by for-profit managed-care companies. but if they could get over that of course the two could come together.ha a lot of their constituents on the heavily concentrated urban areas that are easier to serve. absolutely. so you are right. at 72% of medicaid advantage care. for the irony they are of not liking medicare 50-point to% rtmedicare advantage. you talk about competitive bidding whatever you want to call i it. the federal health employment benefits program which we have talked about many times it's a premium program of the weighted average. the exchange is also a premium subsidy. what is c wrong with thinking abo

doug: yes, it was a big one.el really sorry for people who are stuck by holiday monday and those on business travel as well. 10 or 15 years ago it much more common, and it's really vital to earning the volumes of air traffic that go through u.k. and european airspace. when an airplane is coming from, say, malan to london, all the air traffic control centers will receive the flight plan from the airplane, and as it gets airborne, it will be updated on the way. when the airplane comes to the u.k. boundary it is when and where we expected and the height we expect it. so that data is essential to the controllers, and the automated system that feeds set into the computers and displays the detail onto the radar controller screens failed, so it is no longer feeding and more and more information and entually it has a backup of four hours or so, but eventually it would run out, so they had to revert to what they call a manual system, where they are feeding in the information manually. >> so you are saying it automatically

doug, your reaction to this.e had congressman van drew on in the last hour, your former colleague. let's play the sound bite. here's what he told us about the idea of impeachment. >> i don't want to wait anymore. we have enough. the impeachment inquiry will give us the ability to have more intense investigation, it gives the bodies namely the judiciary committee that i sit on more power. we waited long enough. at least let's do the inquiry. this is a tangled web of lives. cheryl: doug, your reaction. >> he's exactly right. i think the reason he's exactly right is because when you look at the impeachment inquiry, there's a r step to go through that. it unlocks powers that congress doesn't normally have. i fought against jerry nadler and the democrats, they never formally launched the impeachment inquiry. that's why they couldn't get grand jury testimony. if we do it properly, if they're saying there's enough evidence, do it the right way. look at it as a long-term process, it's not two hearings and take out the pr

let's welcome governor kim reynolds and governor doug burgum! ♪ gov.nolds: good morning and welcome to day two of the fair-side chats. it is great to have you here as we interview republican presidential candidates. today, i am happy to be joined by an entrepreneur, very successful businessman and the current governor of north dakota , doug burgum. give a couple of opening comments. gov. burgum: thanks to you and your whole team. we have known each other for six years through the republican governors association. she is currently the chair and is super effective and focuses on driving great policy and elected republican governors. republican governors are getting it done in america rigight now. give it up for governor reynolds. gov. reynolds: thank you, i appreciate that. i grew up in a small town. you grew up in a small town. talk a little bit about how that has impacted your life. gov. burgum: i grew up in arthur, north dakota, 300 people. we did not even have a paved street. it was gravel roads. growing up there everything was great. you learn all t

it's north dakota governor doug burgum.ernor burgum, thanks for joining us on "meet the press." >> thanks for having us on this morning. >> you got it. since you and i spoke a month ago, a couple of more indictments came down on the former president and i know you want to get on to other topics, but do you think he wanted to overturn the election results in 2020? that he made a concerted effort to do that? >> i think there's an entire cable news industry, there's an entire social industry built around trying to answer that question, and where we're coming from, we're excited to be on the debate stage and the least known candidate on there. if you want to fill this gap where you mentioned 83% of americans don't trust our institutions the way that starts is leadership at the top. any organization i've been involved with it starts with a leader that you can trust, that's got the character and the integrity and the proven track record of being able to do that, and that's what i've done my whole life in every organization i've b

doug, bringing ou in difficult to prove. doug, bringing you in here. _ difficult to prove.to prove. doug, bringing| you in here, we heard the special counsel draw these broad strokes you're talking about the attack on the nation's capital and unprecedented assault on the seat of american democracy, as we heard from joe there, specifically proving the ]oe there, specifically proving the former president's involvement in actually, triggering the riot and also the efforts to overturn the election results will be more difficult. what did you think of it ]ack smith's statement? the difficult. what did you think of it jack smith's statement? the thing that struck me _ jack smith's statement? the thing that struck me the _ jack smith's statement? the thing that struck me the most _ jack smith's statement? the thing that struck me the most was - jack smith's statement? the thing that struck me the most was the l jack smith's statement? the thing - that struck me the most was the word speedy _ that struck me the most was the word speedy. so often— that struck me the most was the wor

doug, to you first on this. gop operative came out and basically said desantis is a bad candidate. he was supporting him and now he's kind of not. he's talking about tim scott. what do you make of all of this? >> i think it's an early campaign. it's interesting for someone to say it's not the campaign, it's the candidate. i thought that was an interesting comment. he went past what we see as the problems in the campaign. he said it's the candidate, i think that's the issue of connection. that's desantis' biggest issue. he's not connecting. cheryl: frances, what i thought was interesting the journal said, he's offering voters a substantive agenda while talking about florida's successes. that is a more presidential look than brawling with disney. >> yes, that's true. the thing is, these economic things are mechanical. you can't say you want real wages to go up without realizing that affects inflation. you can't say that you want to rein in the federal reserve and not have them tighten and stabilize the dollar. som

we go two out of three, doug does not. doug, why not?r of these two have a clear vision for our future. in one sense if you are going to be a part of our future, you need to be alive, that speaks to the democrat. and with president trump, when you have so many indictments, you have had more indictments in the last not indictments but more charges in the last six months than tom brady scored touchdowns in his last two seasons combined, you have got a big obstacle to overcome. >> well, there you go. sammy, doug just mentioned you have got to be alive. you have got to be concerned about joe biden's age. what else concerns you about joe biden. >> well, the war in ukraine concerns me. i am a veteran, but i am antiwar. and i believe this ill conceived war in ukraine cannot make us stronger. it made us weaker. i'm curious to see if joe biden is going to survive the primary. i mean, i'm taking a very hard look at robert kennedy right now because i don't think joe biden, our president is no longer in charge. >> steve: noreen, you are a republican

you alluded to this in my interview with doug mcmillon. he he admitted he said naturally like i'm not a risk taker. i think he said something like i don't bungee jump, you know, i don't gamble. i don't take but i know like if this company is going to be around 20 years from now, 30 years from now, we do need to take risks. and so in recent, they've started taking some more risks. but again, it's like this is all i think this is all part of the innovator's dilemma had something that worked. they were very, very good at. they were rewarded for handsomely by wall street and they fell really far. now we go to a more present day, if you'd like. we could talk about where where amazon is now facing some challenges as well in areas where walmart sort of has their key strengths strengths. yeah, yeah. i think that's the next question. i had like, you know, physical stores or grocery, health care. amazon wants to get in, but there's a lot of marks and you know, they have the advantage and how do you see this all playing out? yeah so i thought know fi

and doug high, republican party strategist in the us. doug, we will start with you.

doug, what do you think?, patrick, look, what patrick said, i don't think nobody is fighting the fact that everybody should be against the law but you have a d.o.j. that actually applies it equally. i mean, this is the problem that we're seeing here. i mean, again, there's no -- you can't debate. i mean, liberals and conservatives all across the spectrum said hunter biden has been treated differently. you look at the way the president has been treated and look at the way the republicans have been treated under the d.o.j., this is becoming the bigger issue. i don't disagree that everybody should be treated the same under the law. let's treat them the same. when you get into the case as phil holloway actually said, let's look at the case. there's no greater principle than the rule of law. i think patrick would agree with that. there's also no greater principle that the government should not interfere with free speech rights either. and i think these are the kinds of things that are being looked at in this indic

great to have you back, doug.al reaction, special counsel looking into hunter biden. >> long overdue, is the first reaction, it is long overdue, something that should have been done a long time ago. the question now is i want to actually see what the appointment order says. this is going to be an interesting, you know, is it simply expanding the role that he currently had in this investigation now that he's asked for it? he said he needed a new special counsel measure which gives him much more broad authority, different jurisdictions, things like that. but i'd still like to see what they've actually put into this appointment as to the scope and nature of the investigation. ashley: yes. yeah, because if you remember, the plea deal which was regarding, if i am correct, him lying on a gun permit application and some problems with the internal revenue service, it'd be interesting to see, to your point, you know, how wide an investigation this is. do does it go into his business dealings at awe. are you surprised by th

i'll ask doug burgum whether he's ready to confront the front-runner and his growing list of legal liabilitytrategy. president biden stays silent on the appointment of a the special counsel investigating his son. >> i have no comment on the investigation going on. that's up to the justice department and that's all i have to say. >> as public distrust grows in the legal system will president biden rise to the challenge at this critical moment for the american democracy. i'll ask tim wall, the surrogate for theed bient 2024. >> and law and order. >> the defendantsen gamed in a criminal racketeering enterprise to overturn georgia's presidential election result. >> donald trump was charged with 13 felony counts along with 18 other co-conspirators and is now facing 91 criminal charges in four separate criminal cases. >> how dare low life prosecutor, deranged jack smith, that's right. he's deranged. >> howl trump's threats against prosecutors, judges and potential witnesses impact all of these cases and will any of these trials begin before the november election? i'll talk to three former prosecut

i bring in democratic stat jits doug with the hill reporter emily brooks. emily start with you, we are getting to a point where economists and pokes who watch politics closely say people are going to have a set number in mind summer into fall where inflation is there they'll probably remember that a year from now heading to the ballot box. >> well things can change but yes right now this is a problem for democrats, and we have seen with the white house and president biden trying to turn this around, and say that the new inflation numbers are good embracing the term bidenomics but you see republicans happy to use that term for their experts and say it's actually bad leaning into that public opinion that things are not going well with the economy. so, this is certainly going to stay alive and as polls show that the public's opinion how joe biden has been handling the economy and inflation are pretty low. it's definitely something the white house will have to work on heading into 2024. >> doug it's the stuff that wall street tries to ignore core inflation, we

doug holtz-eakin is president of american action forum, and former director of public budget office. now with the debt limit facing the country, you can expect to see him on your national television shows, dealing with the debt limit, and all the other problems that are connected with it. without ladies and gentlemen, i would like i guess to come up and join us. and we will have a discussion about medicare. brian, i'm going to start us off with question for you. right now, as you know, millions of senior citizens are voting with their feet. and enrolling in private medicare it vantage points. which is a defined benefit program of medicare advantage. as opposed to traditional medicare, which is a defined benefit program. you deal with this in chapter six of the book that has been published by hopkins university press. what are the inherent trade-offs facing seniors when they have to make a decision about whether to enroll in traditional medicare, or medicare advantage? >> first of all, bob thank you for having us. medicare today really is a different program. it's traditional medicare

joining us now at 2024 gop candidate doug burgum.you here, governor, thank you nor joining us. i'll ask you question so many were asking, who is doug burgum? >> well, sandra, first of all, great to be with you and we are very excited to be on the debate stage. we just launched just under eight weeks ago. already meeting the polling criteria, i want to thank the 50,000 donors that have supported us so far. but we are excited to tell our story. i'm a small town kid from a small town in north dakota, built a business from scratch into a billion dollar company, and opportunity to lead global companies, we built it with small town kids and now have an opportunity the last six and a half years to lead north dakota and we have cut taxes, eliminated red tape, closed define benefit pension plan people have been trying to get done 30 years and on track to have the highest gdp of any state in the nation. we know we have a great story to tell and talking about the three things where the biden administration is headed in the wrong direction. the

who, that is who, doug burgum. see you in milwaukee. fox hosts the first republican debate in a week. bret baier and martha maccallum are the moderators. bill and i are covering all the action for "america's newsroom" and then we have special coverage starting at 8:30 p.m. eastern. tune in for the brand-new perino on politics podcast that launches next week. you can get it wherever podcasts with available. >> bill: all right, this. >> multi-generational people in san francisco are disgusted by what has happened to our city. >> san francisco, residents live with the city's rampant problems every day. this has been a disaster. now tourists can see the abandoned shops, open air drug use and homeless camps with a guided tour. we're not making that up. >> dana: texas suing planned parenthood in a groundbreaking case. why the stakes are so high and could cost big bucks. >> bill: new york city joins the growing trackdown on tiktok. why they are doing it and details on a new ban in the big apple. ♪ more shopping? you shoul

doug wrote about it beautifully in "silent spring revolution." people with money will be able to, if we continue down the road of painfully heating landscapes, people will be able to leave. money will offer comfort from the immediate discomfort of climate change. that will be something that. jenn: david, author of "the parent and the a clue.". douglas, "silent spring revolution." author discussion l begin in about 15 minutes. in the meantime, charles is joining us on our set. with his book "road prosecutors --

doug? >> is that the future of your party?r party. he is polling well in his own state. republicans are looking for him to potentially run. he also understands how government works and how business works and where those two merge. if you say we are going to lay off 75% of the federal government, i would like to make the government less meaner and more effective. how do you do that? do you lay off 75% of the veterans administration? the state department? the department of justice? that would be defending the police as it were. the army, the navy, department of defense? you have to define how you are going to do that other than having smart lines like a carnival. >> i guess you could call it the executive branch. karen, doug, thank you for joining me. >>> up next, we have to development on the crash that is believed to have killed yevgeny prigozhin. the criminal and is adamantly denying they played role. but they have denied things like this before. what does u.s. intelligence think? we never just see the numbers, we see the peo

doug wrote about it beautifully in "silent spring revolution." people with money will be able to, if we continue down the road of painfully heating landscapes, people will be able to l.

-- >> jimmy: doug >> jimmy: yeah, you got to meet doug >> i got to meet doug.were two kamalas. >> jimmy: two kamalas. double -- yeah he loves his wife. >> he really loves his wife. they love each other it's quite beautiful >> jimmy: did she mention the impression or you don't really talk about it >> doug mentioned it >> jimmy: he did >> a lot >> jimmy: he brought it up >> yeah. >> jimmy: oh, my gosh. i mean, i've met people i've impersonated before, and i kind of don't bring it up >> yeah, i don't -- i don't like to mention to people that i ape them hi, i ape you. >> jimmy: i ape you, yeah. >> i mean, i do it for fun i'm like doing it because you love the person. you know, it's like you're mick jagger, something you would have been doing in your bedroom anyway >> jimmy: yeah >> or like, in the shower. >> jimmy: that's correct i would totally be doing that. you know, fans are excited about this disney just released the first photo to the upcoming sequel to "enchanted," called "disenchanted. >> "disenchanted." >> jimmy: "disenchanted. and it sounds fantastic beca

maria and doug, thanks to both of you.ne accuses russia of an act of piracy in the black sea. >>> plus, a closer look at ukraine's push for training on american f-16s and why it's been such a challenge. you're live in the cnn newsroom. safelite came right to us, and we could see exactly when they'd arrive with a replacement we couldld trust. that's service the way we want it. >> singers: ♪ safelite repair, safelite replace. ♪ (vo) verizon small business days are back. from august 7th to the 13th. get a free tech check and special offers. like a free 5g phone. plus, swch, keep your number, and get up to $300 off. with verizon business. it's your business. it's your verizon. you tried. limiting when it was okay. no tech behind closed doors. but social media's algorithms of addiction always won out. it's not your fault. alone you can't stop it. together, we will. we have a plan. join us. ( ♪ ) young lady who was, mid 30s, couple of kids, recently went through a divorce. she had a lot of questions when she came in. i watched m

i hope doug makes the stage. i think this is going to be a story between ron and vivek. >> that will be interesting. so jennifer, donald trump will not be on that debate stage. nbc news reports that fox news will be limiting the amount of press passes for donald trump's campaign team tonight in milwaukee. fox is the host of tonight's debate. will the debate stage tonight reflect where the future of the republican party is headed? >> well, first, let me just be very clear. donald trump may not be physically on the debate stage tonight, but he's going to be all over the debate. he owns that debate tonight. everything that gets said, every question that's asked, every answer that is given will be somehow about donald trump, and anybody who's tuning in to watch it will be measuring every single one of these candidates against trump, and for the overwhelming majority of republican voters, they will be measuring how close to donald trump these candidates can get. are they authoritarian enough? are they narcissistic eno

. >> carley: let's bring in doug collins, and host of the doug collins podcast. doug, good morning to you, it's great to see you. this trump on the trial venue, just piqued trump, he wants the trial to be moved to an impartial venue such as near by west virginia, impossible to get a fair trial in washington d.c. 5% of washington d.c.'s population voted for trump, ron desantis says he thinks the trial should be moved, too. is that a realistic possibility, if not, what does it mean for the former president in terms of a jury pool? >> well, i mean, it is -- good morning, good to see you all. it is impossible, it is depend on the judge at ruling. it will be the first of many rulings in this case how their defense is going to be able to handle this case. yeah, i do believe it does put an interesting spin on this with the jury pool of dc where it is, you know i think obviously stacked against the former president. look, the true social post, just shows what we talked about before, he is going to fight this with everything he has and bring in every tool he can bring int

maria: doug burgum joining us this weekend. bidenomics a bus.he results of brand-new fox news polls to show you their thoughts. where the markets had for the rest of the year. stay with us. ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ i'm saving with liberty mutual, mom. they customize your car insurance so you only pay for what you need. you could save $700 dollars just by switching. ooooh, let me put a reminder on my phone. on the top of the pile! oh. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ maria: welcome back. a look at where markets ended the week. mortgage rates hit 21 year highs take a look at these numbers. and august selloff. bidenomics a bus. the condition of the economy is poor. with the majority saying president biden is to blame. joining me now is chief market strategist kenny polcari. great to see you. thank you for so much being here what do you think is behind this after rea

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doug, you start.t did you think about what you saw in that memo if they believe the memo to be true? >> yeah. that is the real point. my first thought was this must be or should be a head fake or pump fake. if this is the plan moving forward i think it symbolizes why desantis has been stuck so far. i'm a fan of "star wars." luke skywalker had to confront darth vader. i think it is smart for trump not to be there. he is the frontrunner. the desantis campaign said he was the frontrunner a few weeks ago. you have to catch him. no time to worry about moving into third or fourth place. this isn't reshuffling the chairs on the titanic. reshuffling the chairs on a boat that hasn't left dock yet. >> bill: i smelled a rat in that story. coming from somewhere. your take, mark. >> look, i think that the voters will see these candidates for the first time. do you want to see them attacking or do you want to see positivity, policy? it seems to me the smarter debate strategy is that we already know that about half

so, doug, what is happening here? are we seeing the american dream shrinking? i mean, at least with these housing sizes that is happening. they are charging the same amount and you are getting less. >> well, you adjust on the margins you can and this is a very tough environment. you can't really look for apartments, you know, apartment rents are going up at over 5% a year still, we have high interest rates, we have, you know, the fallout of the great overstimulus, left us with inflation and real wages down 6% since the start of the biden administration. so what margin do you have left to make it cheaper? shrink the house, that's what they are doing. >> sandra: that's really interesting. wall street journal, good-bye to the bathtub and the living room, smaller homes can help cost constrained buyers facing high mortgage rates. also boost the bottom line for builders who are contending with spiralling labor and construction costs and that's a really interesting concept. we have had folks like that, plumbers, carpenters, on this network and beyond saying it's hard

doug and garrett, doug shone and garrett, thanks to both of you for joining us. we are going to see the president here a short time from now. he's going to be touting, they say, the inflation reduction act, bidenomics, saying this president's policies are working for the american people. this is the reality of the situation. gas prices are back up and on the rise. gas prices today, 3.82 the national average. 2.39 in january 2021. we are paying substantially more to fill our tanks and we are paying a whole lot more to send our kids back t school. back to school shopping is expected to reach a record level amid sky high inflation. $890 expected per household, that's up 25 bucks from last year, according to the national retail federation. so, doug, can the biden administration really make the case that things are better today than when he took office? when consumer prices are up 16% over that time and people continue to say they just don't feel good about their financial situation. >> well, sandra, my simple answer to your question is so far nothing that they have s