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tv   Cavuto Coast to Coast  FOX Business  November 4, 2021 12:00pm-2:00pm EDT

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go with phoenix. stuart: reveal the answer. yuma, arizona. it is sunny 91% of the time. having said that, don't forget to send in your "friday feedback." friday's tomorrow you know. varney viewers @fox dot-com. that will reach us. we want your questions. neil, it is yours. neil: following a development, "wall street journal" planning on. at&t and verizon plan to delay the december 5th rollout of some 5g services at least a month. there had been a back and forth with the faa over some of these services and airplane safety concerns. don't know much more about it than that. but at&t and verse sown are delaying this rollout to make sure all the is are dotted, ts are crossed, there is nothing that would get in the
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way of safe air travel. this is an issue that is only come up in the last few months as some people over at the faa were raising concerns that these new bandwidths, waves, could, could interfere with commercial air travel. there is no indication that is the case but out of abundance of caution "the wall street journal" is reporting that at least two of the bigger players are holding off on some new added features and full rollout of 5g at a month. if we learn anything more, just happened, we'll keep you posted. concentrating on washington, going full throttle right now with the big spending plan that nancy pelosi just hinted that could come to a vote, sooner than we think. now the devil is in the details of course. let's get to the details right now, chad pergram, where all of this stands. chad? >> reporter: hey there, neil, house speaker nancy pelosi is cryptic when the house will vote.
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>> do you expect the vote tonight? is it possible you might just vote on the infrastructure bill considering everybody seems to be bought in saying it is ready for a vote. >> no. >> so -- >> [laughter]. >> build back better today, what are the big hurdles you have to overcome. >> i will let you know as soon as i wish to. reporter: pelosi conceded it would be better if they passed the infrastructure bill left the election. joint tax committee released analysis that is not a final price tag but democrats hope it is enough for moderates to support the plan. >> this has gone on more than three months. so the argument is disingenuous we don't know when is in the bill. there is plenty in the bill, it has been, vetted, scrutinized, magnifying glass has been put on it. reporter: it has been a big struggle for democrats to advance these bills. that is partly because of their narrow majorities.
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>> i think it reflects the intensity people have on the bills. congressional democrats have a lot of different views within their caucus and it takes a lot to harmonize them. the assessment could be it is there but it is not quite there yet because these are important issues. reporter: even if this is resolved in the house, expect wholesale changes in the senate. that process will take weeks. tax policy probably changes. family leave may be out and we don't know where democrats will land on immigration. neil? neil: by the way, any updates on s.a.l.t.? >> you know we believe that reduction should be in the bill. now, again, they just released 1200 pages overnight. this is what we call a manager's amendment that should be there that was important for some of those democrats from the high-taxed states, new york, and new jersey to get that in there but again does bring down the revenue in the bill, neil.
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neil: got it my friend, thank tk you, thank you very much, chad pergram from washington. with the latest, post the election contest in virginia, new jersey, they're hinting some closure in the governor's race right now but again we've not seen the opponent concede to governor phil murphy. it is still a close race but there were a number of other developments in the garden state, magnitude are just coming to a lot of people's realization. alice mcadams in hoboken, new jersey with that. alexis. reporter: neil, a lot of people didn't think it would be such a close race in the garden state. as you mentioned jack ciattarelli is not giving up. he wants all the votes are counted. until all the votes are counted he will not say a word about conceding. what we know about the race according to ap murphy edging out republican jack ciattarelli
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by more than 30,000 votes. not all counties reported election day totals. they're tabulating mail in and dropbox ballots. they have to be counted one by one which takes longer than electronic ballots. >> in new jersey we know how to make forward work from the middle out and bottom up. we know how to move forward to accomplish big things. reporter: now ciattarelli's communications director tweeting at the same time while murphy was making that speech saying with these candidates separated by a fraction of a percent out of 2.4 million ballots cast in new jersey, it is irresponsible to make the call at this point. when the new jersey secretary of state doesn't know how many ballots are left to be counted. another big story in new jersey we're watching associated press moments ago republican edward durr, south jersey truck driver beating senate president stephen sweeney. he only spent $150 to win that primary there.
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that is a practice shun what his opponent spent on the election. that win for durr could throw the new jersey legislature forcing them to find a new president of the senate. >> we pete them. the people of new jersey beat them. they listened to what i had to say and i listened to what they had to say. it is a repudiation of governor murphy. governor murphy went and locked us down and ignored the people's voice. reporter: durr says the response to the covid-19 pandemic by sweeney is one of the reasons he wanted to run foreoffice there. new jersey does not have automatic recounts. keep a close eye on the governor's race here. we'll check to see if either side will request one. neil, back to you. neil: alexis, very r thank you very much for that. go to mitch daniels, former
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indiana governor, budget director, university of purdue president, quite a resume'. always good to have you, governor. i don't want to weigh in on the intricacy of contests, fallout, aftermath of washington, keep the spending spigot going. a lot of progressives feel emboldened had they moved sooner on this kind of thing we would not have seen monday's results but they're not reining in the spending. they're going full throttle with it. what do you think of that? >> neil, as you know i'm partisan non-combattant these past several years but i will try to give you a clinical answer and that i think is a major misreading of what happened on tuesday, which i don't think had much of anything to do with either this president or the last president for instance. i don't think it had anything to do with the incredibly ambitious
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programs that the ruling party has been trying to enact out there. we just heard in the last report, nothing about that. you heard about lockdowns. you heard about elsewhere about policing, immigration. you talked, you heard about clearly about who should have a say in what young children are taught in school. so, i think to draw the conclusion that somehow jamming through a bill to either spend 3 1/2 trillion we don't have, or 1 1/2 trillion we don't have would, i think be very questionable reading of what we just saw a couple nights ago. neil: you know i know you're running a major university but the administration, governor, plans to go through with this vaccination requirement for all private businesses of 100 or more workers and that they will go into effect on the fourth, january fourth.
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what do you think of that? how would it impact how things are done at your university? >> there will be an impact. we're a major research university. we do work on a number of projects that involve government, federal government contracts. to go we'll comply although we're going to do so, frankly, as narrowly as we can. we're not going to spread this thing to everybody when we don't think that is the, either the intent or the, that there be any particular benefits from doing that. you know, we'll see where this goes, neil. you have already seen lawsuits filed. some states are also doing so you know, federal government has difficulty doing anything at, effective at scale and trying to implement a massive nationwide mandate like this, going to have real enforcement problems. so let's wait and see.
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i think quite possibly they will moderate extent of their demands, if they conclude they can't make them stick. neil: how is covid doing on campus? you were instituting incentives to, you know, see if kids, teachers, administrators could get vaccinated on their own but can you update us now where things stand? >> we're in really good shape now. by the way, let me say how good it is, congratulate you and on your own recovery, and on i think -- neil: thank you. >> advocacy that you have brought to the, your viewersship in its aftermath. no, we're doing very, very well. we gave people a choice here to either be vaccinated, which we strongly encourage and enabled or, to come in for regular testing, just to make sure that they don't have the virus and can't spread it. that has worked awfully well. we had zero transmission inside
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of classrooms. we've had almost no infections of any kind. we take nothing for granted. the virus has proven to be adaptable, smart about its own survivable. policy of free choice as we did all last year. neil: yeah. >> managed to stay open when many others did not. neil: no, i think it's a marvelous common sense approach to this without hitting anyone over the head on this, sort of encouraging, incentivizing people to hopefully do the right thing. i want to switch gears a little. you have been famous for fighting the wave after wave of tuition increases. we've seen it at colleges, universities across the country. i was just thinking of you governor this environment, where inflation is out of control. how long you can do that? >> we can do it for a while longer. we've already, this is the ninth
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year of no change in tuition or other fees. neil: wow. >> by the way a lot of students get charged more, sometimes than the even stated tuition that they pay. this is near union. we've already committed to year 10. so those who will apply to purdue and potentially enter next fall know that won't change. we're looking out beyond that, neil. and, i know, yes, certain things cost more but this is manageable if you put the affordability and accessibility of higher ed as your top priority. we have, we have had great, you only make this work when the whole campus community looks for ways large and small to economize. to spend dollars well in the interests of you are students and our families. we'll go at long as we can and it will go at least a while
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longer. neil: i know you eschew politics but if you indulge me, governor, given your successful public service as an omb director, as a governor by extension what you're doing at purdue right now, looking at the political environment and maybe a return to sort of moderate spending policies or thinking, maybe, are you ever intrigued about reentering politics, reentering public service? >> i think there are a lot of ways to chip in and serve. i only ever sought one office, elected office and told my, the folks in my state, that i'm not on the make for anything else. trying to lift our state up for eight years, all i have in mind. the answer to that is no. i attended one of rare events i go to in washington. a lot of people brought this up but, no, i think one much these
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days we'll look to support someone else of similar views maybe but not me. neil: is that an emphatic no or just maybe i will think about it no? >> i think i passed my sell date, neil, although after the last election, after the last election couple friends said to me, they said no, don't think, this in this election you could run as the youth candidate. neil: actually you could. you could try that. mitch daniels, thank you very much, former indiana governor, former omb director for purdue university president. he watches people's money. there is a concept. try to save a few bucks. nasdaq is having a heck of a tear so everything is good in techland as that average notches another record. a little bit off the record territory we hit yesterday for the dow. s&p notching ahead, that too in record territory.
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♪. neil: the thing i love about peter doocy and his role at the white house, very calmly, very forcefully, he tries to address issues that, you know aren't clear. so this report that the
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administration or at least the justice department was looking at paying the families who were broken up at the border or separated upwards of $450,000, kind of stuck in his bottom because the administration wasn't saying anything about it. he pursued it with the president yesterday. the president, peter, very good to have you, my friend, seemed to say, it is bunk, don't know anything about it. you discovered otherwise. why don't you update us? reporter: neil for context over the weekend in italy the president was exiting a event at the g20, i shouted out to ask him on escalator whether or not there was anything to these reports of six figure cash payments for some illegal immigrants. he looked puzzled and he did not answer then. but yesterday i followed back up, his answer was crystal clear. reporter: there were reports that were surfacing that your administration is planning to pay illegal immigrants who are separated from their families at the border up to $450,000 each,
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possibly a million dollars per family. do you think that that might incentivise more people to come over illegally? >> if you guys keep sending that far badge out, yeah, but it is not true. >> it's a garbage report? >> yeah. >> $450,000 per person, is that what you're saying? >> separated from a family member at the border under the last administration. >> that is not going to happen. reporter: yes it is going to happen according to the aclu's executive director who a few minutes afterwards said this, president biden may not have been fully briefed about the actions of his very own justice department as carefully deliberated and considered crimes committed against thousands of families separated from their children as an intentional governmental policy. we should get further clarification about exactly who is right and who is wrong because both of those things cannot be true at a press briefing about two hours from right now but we might not hear
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from the president about this anymore today. no public events on the schedule, neil. neil: you know, i was trying to read body language and his reaction as you were talking to him. and he did seem, you know, i'm just face value, body language, no expert here, peter, this was news to him but this is not the first thing something like this has happened. i'm just beginning to wonder if this was all so false early on you would think the administration would have immediately addressed this, this story. did not. and the president did not. so whose is kind of running things there? >> neil that is a great question and it speaks to something we've seen the last couple of weeks. what does the president think is a good idea or bad idea versus the actual policy? he did a town hall where he just before he left for the europe trip where he said for example, that he was absolutely, postively, considering using the national guard to backfill
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drivers for, in the trucking industry. then white house came out the following day to say no, that is not true. he also said if taiwan was invaded by china, the u.s. would immediately, automatically defend them. then his staff came out to say, no, that is actually not the policy. a couple months ago at the very beginning of this infrastructure and build back better drama on capitol hill he said that if he didn't get both bills at the same time he would veto them. months since we have learned that is obviously not true because, a week ago, exactly one week ago he asked them just to push the infrastructure forward so he could get something done. and so, the president has a lot of opinions. he is not shy about sharing them but his staff who are coming up with these policies are not always on the same page it seems, neil. neil: yeah.
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you know, i'm blowing here a lot of smoke you might think here but what really impressed me with the exchange of the president, could have gotten your dander up and responded with other correspondents have taken a swipe at a network, could have gone i don't know, italian on him, which is not a slap at italian-americans, maybe my own heritage but you didn't. you continued to focus on the question. i think that is what made it informative, impactful, later in the aclu statement you put it in perspective. this was the latest example. it was just very impressive to watch. so thank you again for doing that. reporter: thank you, neil. and you know the thing about president biden, when he is given a list of people to call on we are pretty much never on it but yesterday they just sent him out there. obviously told him to take a couple questions about the election results and he seems like he does enjoy engaging.
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he wants to defend his position, he wants to defend his policies and so something like that yesterday, no need to get my cannedder up because it is a back and forth. he is a washington, veteran washington guy for 50 years. he enjoys the discussion. not like we were having a debate. i don't have a position one way or the other. neil: no you don't. >> i was challenging him. he was defending himself. i always walk away from those things that he just enjoyed having the chance. neil: i think you're right. he has high regard for you great deal of respect as he should. you're not petty and don't play histrionic. whether on the right, left, looking for the facts, doing your job. there is a concept. peter doocy, thanks very much. >> thanks, neil. neil: we have a lot more coming up including what is happening at the border right now and the whole issue of payments, families broken up from a border congressman who says there are
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♪. neil: now in the meantime energy which started as energy prices spiking has now spread far and wide to a host of other commodities and goods and services spiking as well. this is apparently a lot more than just a transitory problem. do you think this lingers for a while? >> i think it does. like i say we backed up into an era of scarcity again instead of abundance. anytime you stop progressing with investments in the world you know, that's what you get. so i don't see it turning around very quickly. neil: all right. harmed hamm, the energy billionaire, he had warned as early as back in january that prices were going to be rocketing as the new incoming administration would start turning away from fossil fuels,
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shutting down the keystone pipeline et cetera. everything is playing out accordingly right now, leading to ironic situations where the white house spokesperson is saying opec plus countries seem to be unwilling to use their power to help the global economic recovery. you might recall the administration had been seeking opec, opec plus countries to increase production to deal with the rocketing prices. the irony isn't lost on anyone including my next guest, phil flynn. has the administration or for that matter, the push to kick fossil fuels in this country, and limit progproduction of such activity in this country, we probably would not be in the pickle we are, but what do you think of this? >> i think you're absolutely right, neil. the turn back of being the world's leading producer of oil and gas in this world. the step back from that desire has led to what we're seeing today and that is opec and russia controlling the global
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oil supply. the biden administration of course is trying to blame opec for all of the woes and rising energy prices. really called on the cartel to raise production by 800,000 barrels a day. and opec snubbed them, they said no, president biden, we'll go with our plan to raise production by 400,000 barrels a day and that is going to probably leave the market short. right now the big question is what will the biden administration do in response to this obvious snub by opec for his calls to more oil? some people are speculating that joe biden will release oil from the global strategic petroleum reserve. most experts think that will be a disaster. not only economically because opec of course can match them barrel for barrel if they decide to release oil, opec can make a bigger production cut, take that oil off the market again. it could lead to a oil production war between consuming
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nations and producing nations and that is a war we're going to lose because we only have so much oil in storage. the only way to win this war is get of off the back of the u.s. energy producers, get criminalizing producing oil and get back to reality when it comes to the transition off of fossil fuels to alternative energies. we're still going to need fossil fuels. the question will we produce them here or is opec going to control prices? today looks like opec is going to win that war. neil: you know the irony, we talk about tapping the reserve, phil, why not tap our own ample resources here. woulda coulda shoulda here but it didn't work out. as we discussed many times it would have been interesting to continue producing all of them, solar, wind, even nuclear came up but not at the expense what we're doing and leading the world in, that is producing this stuff that is the engine of our
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growth? >> yeah. i said it for some time, hey, alternative fuels are great but they're only part of the solution. we do not have the technology that exists right now to replace fossil fuels completely or even to the percentage that the world leaders are trying to get to. we can't get to carbon neutral by 2050 with existing technologies. so unless there is a breakthrough in technology, we're fighting a losing battle. at the end of the day it is the u.s. consumers and global consumers that are going to feel the pain when they pay their heating bills and pay their gasoline bills. this really was all avoidable. you and i talked about it a long time ago. we warned that these policies were going to create a shortage, you know. now here it is. and now of course, instead of the biden administration taking responsibility for what they have done to curtail production, they're looking to opec to blame opec. at the end of the day, they really have to blame themselves.
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neil: it is ridiculous, but phil flynn, thank you very much. you were very prescient on this, young man. that i recall. again, we're not trying to play politics with this. it is a supply and demand issue. back in january we dramatically cut our supply, into the future did that. of course with the global demand coming out of the pandemic, we sort of buried ourselves. phil, thank you very, very much. to luke lloyd. i want to touch on this with him to kick things off. strategic wealth partners investment strategist. >> hey, neil. neil: inflation in the aggregate, luke, it is certainly moving on, oil leading that charge but it spread way beyond that. federal reserve seemed to indicate that, yeah, this is no longer transitory but it seems to think that things subside later next year. are you of that mindset? >> well, i really don't know what the federal reserve is looking at from the past six months. they finally admitted it is not
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transitory right now. it is probably going to stay into next year. i think it is here to stay much longer than that e they said, they're wrong. the fed will begin tapering by the end of this month from $120 billion to $105 billion in monthly purchases, but neil, you will still purchase close to $105 billion in bonds. we don't need to overstimulate a overstimulated economy. before the pandemic we were at a net negative on purchases. eventually this stimulus needs to stop. we can't just inflate the economy forever. that will also cause inflationary pressures to become worse. we have to let the economy grow naturally eventually. investors should not be afraid of the fed though. i look at tapering, taking our foot off the pedal, it is better for of the long-term economy and calling down the tapering. my concern is this stimulus is very addictive and sticky. neil: you know what is weird
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too, we celebrate slowing down these sort of credit lines checks we write ourselves each month but if you think about it, like you and i doing that with our visa card, mastercard. all right we'll only, you know, expand that at a rate of 2,000 a month rather than you know, 2500 a month. the fact of the matter is -- >> we have to be on a budget but the government doesn't have to be on a budget. neil: no, no. that is my point. even when you phase out of these increases you stop adding to it, you've got trillions of dollars on your books and no one is talking about where and that evaporates if it ever does? >> neil, talking about being sticky and addictive, all the stimulus, all the spending it is going to be. once you give somebody some sugar, you can't just take the sugar away. people go from wanting sugar, needing sugar, more they get more they want. it is like a drug. more you take more you want. the day we stop the stimulus
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things get ugly quickly. the longer we spend, more we spend the bigger issues we face down the road. meantime stocks will go up and we like the stimulus and spending. the world revolves around incentives. you take away incentives, take away productivity and growth. take away productivity and growth lowers the standard of life for everybody involved. higher taxes, stimulus money, more regulation, all take away the incentive to work harder and be productive. if somebody gives half of every dollar to the government, much less incentive to expand a business or hire more people. incentives play a big role in politics. politicians have incentive to be short term thinkers and buy votes. neil: not a one has changed their posture on capitol hill with estimate more spending. we'll keep a close eye on it, luke lloyd, thank you very, very much here. >> thank you. neil: couple of other developments here. they are trying to move on s.a.l.t. in washington. we're getting more details now about this middle ground they're
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seeking out where the 10,000-dollar cap would rise to about $72,500 and be in place through 2031. in case the rich think they can take advantage of this, running conversely with that is a plan to hike the alternative minimum tax, amt, so that they don't get as much savings out of this. it's a way to win over someone like a bernie sanders who isn't keen on providing these benefits to people he says don't deserve it. the battle goes on. more after this. ♪. at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love.
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♪. neil: you know anytime you get rand paul in the same room with dr. anthony fauci it increasingly starts sounding like alley and frazier. -- ali and frazier. those among certain age remember that epic battle. no less epic when you see these guys go at it on capitol hill. david spunt pro washington. reporter: the battle between the two continued today, first of all dr. fauci was on capitol hill along with cdc director dr. rochelle walensky to update senators on the latest news, children ages 5 to 11 can now finally be vaccinated. they wanted to update senators on that. talk about the potential for children younger, six months up to five years old, at some point in the future eligibility to be vaccinated. quickly as you mentioned things became tense between kentucky senator rand paul and dr. anthony fauci. this all happened just a few days after a declassified
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intelligence report revealed over the weekend confirmed it is plausible that the pandemic did indeed originate in a lab despite public health officials originally scoffing at the idea. dr. fauci this morning specifically pressed on gain ever function research. it is an intentional manipulation of a virus for research purposes. listen to this. >> what we are saying this was risky type of research, gain of function research t was risky to share this with the chinese and then cover individual may have been created from a not yet revealed virus. >> there is much more likely, even though we leave open all possibilities, it is much more likely this was a natural occurrence. i have a great deal of respect for this body of senate and it makes me very uncome fatherrable to have to say something but he is egregiously incorrect what he says. thank you. >> history will figure that out on its own.
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reporter: senator paul called on dr. fauci to resign. clearly dr. fauci has no plans to resign. he has the full confidence of president biden at the white house behind me. speaking of the white house, neil, today the administration announced we've been talking about it all day on fox news, fox business, that employers, private employers, 100 people or more will be required to have to be vaccinated or be tested. that is going to kick off january 4th. neil? neil: all right. they're going full speed ahead with that one. thank you very much, david. david spunt, this morning from the white house. you heard the story about the miami mayor, who by the way got reelected pretty much in a landslide, wants to be paid in bitcoin. he is on to something here because a lot of people saying see? he is a big city mayor. he is next.
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neil: all right. now tesla and hearts are
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essentially arguing over the timing of those car delivers. you might recall hertz said it entered into a purchase contract of 100,000 vehicles. then along came elon musk saying we don't have a signed contract. then we heard from tesla customers are you telling me this rental company goes to the front of the line for these cars? i don't understand it. thank goodness gerri willis does. where does this whole thing stand? >> this is confounding, executivess normally won't negotiate in public but guess what? elon musk is happy to. now looks like they're driving closer to some kind of a deal to answer your questions. looks like elon musk won the very public argument that emerged this week over hertz 4 billion-dollar order of 100,000 desla electric cars. earlier in the week the rental car company unveiled ad campaign showing availability of teslas on rental car lots. inside of tesla, worries mounted that existing customers waiting
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for their cars to be filled they might be miffed that hertz is jumping the line. hertz said it played a initial order of 100,000 vehicles for delivery by end of next year, that would be 11% of tesla's entire production. it is not unusual for rental fleet buys to continue to be negotiated after an initial order is placed with a signed contract only after the order is locked into a production schedule. while the deal announced lit a fire under shares of both companies after a brief selloff. both of them are in the green this midday. i was going to say morning but it is midday. neil back to you. neil: wild stuff. thank you, gerri willis following all of that. you know no sooner frances suarez won in a landslide for another four year term as miami mayor, he got something like 80% of the vote. he had four other opponents if memory serves me right.
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he is creating new buzz, he wants his future paychecks as mayor in bitcoin. the mayor joins us right now, frances suarez. mayor, congratulations first off. >> thank you, neil. an honor to be elected by my residents and president of the u.s. conference of mayors beginning in this country beginning january 3rd next year. this is an exciting time gore the city of miami and our country. neil: you're rolling the dice though wanting your paycheck just in bitcoin. it's a pretty volatile figure. so, did you, did you talk or think about maybe hedging that a little bit? maybe a third of the paycheck, maybe half? you want the whole thing? >> my wife asked me if that was a good idea but certainly when, when governments are spending the kind of money that they are, when you have inflation at the point that it is, when you have rampant overspending in
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government -- spending all of that pushes in favor of an increase in pricing the bitcoin which we've seen over the last 24 months. it is incredibly you know, it is growing incredibly in terms of value. so i feel very comfortable getting my entire salary in bitcoin. i think it is in line with what we want to do in miami. we want to be ahead of the curve. the world is more disruptive than it has ever been. we want to create the most dynamic city on the planet. frankly every city in america should try to be innovative as possible so this country can be more competitive. neil: now as you also had been saying, maybe this was a way to lead the charge, city workers might want to be paid in bitcoin. can you as mayor enforce such a policy? >> well, we're not going to be enforcing it. what we've done, our cio was the first employee to actually take a percentage of his salary in bitcoin. i will be employee number two taking 100% of my salary in
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bitcoin. it will be completely optional. we want our employees to have that option. it will certainly not be something we will force on them, understanding that decision like that is a personal decision they have to make, if they want to make it. if they think it is beneficial to them. we certainly will not impose it on anyone. we want them to have that option so that again, we can send a message to the world that we're going to be one of the most innovative governments, and innovative cities on the planet. neil: you're well aware of the political environment in this administration that seems to be looking at bitcoin as a, i think, sec chief had put it, the wild west of investments. and he as the new sheriff wants to rein it in. that could rain on your little bit coin party if it comes to pass? >> well i would urge the regulators to look at this as an opportunity to differentiate ourselves from china. china has banned bitcoin mining and banned bitcoin generally.
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anytime a communist country, a command economy can't control what bitcoin is, wants to ban it we should do the opposite. we should foster innovation in your country. we should make sure we have citizens in our country the right and freedom to be able to invest whatever we want to. i think the other interesting thing about bitcoin and crypto it democratizes investments for everyone who has maybe their money in a bank account not earning interest. they will have the opportunity not just to own a store of value like bitcoin that increases value but to be able to stake that bitcoin and earn interest for 11% which you're not currently earning. have it in a liquid form they can get out of immediately. neil: so if it doesn't work out for you, not that i wish you well or you go to the poor house, that is not the case, you do have other jobs i'm wondering if it crashes, would you then say all right, this bitcoin thing didn't work, i'm bad to being paid in dollars? >> well, certainly if it crashes
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but you know it has been quite the opposite. remember bitcoin began just like a lot of cryptocurrencies valued at nothing. now, one bitcoin is valued over $60,000. so what is happening -- something not regulated by people. it is regulated by a computer program. it i instilling a lot of confidence rather than manipulated central bank currency systems. neil: we'll watch it closely. frances suarez, newly reelected mayor of miami. he won in a walk. whether -- eight out of 10 votes in that city. mayor, very good seeing you again. frances suarez. meantime here, some of the things drawing the good mayor to bitcoin include development in washington where they're still spending a lot of your dollars and that has not eased up, no matter what happened in the election this week.
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neil: all right, who says congress can't move fast, whether you are a fan of the spending packages or not, maybe it was the clarity of the special elections we had certainly in virginia and new jersey, that toppled democrats sort of control fears that they have now been seeing magnified as a sort of a preview to the mid-term election that they're
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moving lickety-split to get them not only both marked up and ready for a vote but maybe by the end of this week. it sounds incredible to me, but again i've seen stranger thing, hillary vaughn keeping track of it all on capitol hill. hillary where are we on this? reporter: hey, neil. well you're right to point out that this seems to suddenly be moving a lot quicker than it was earlier in the week or even last week because the house is missing some steps. they decided to move on their own and essentially stop negotiating between senator sinema and manchin, on what goes into the social package and just to pass something on their own, send it to the senate with the understanding that it very likely will be changed in the senate and have to be bounced back to the house, but you're right. it could be showtime, finally on the house floor, today or tomorrow, for president biden's social and climate spending package. speaker pelosi is having her head vote count her majority clip james clay burn tally up votes to see if the social
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spending package can pass tonight, clyburn told our fox producer he's not worried he's not going to come up with the votes and he does not think they will have to be here through the weekend. house ways and means chair richie neil also is confident, says he thinks they can pull the trigger on a vote as soon as today. this is also happening, because the joint committee on taxation came out with their score and speaker pelosi says the verdict is in, the math checks out. >> it's a very solid, because people said well it's really, people say it isn't and other people say a lot of things but this document, joint taxes, is objective, it's not democratic, it's not republican, it's objective view that it is solid ly paid for. reporter: but of course, there is a catch. the programs in this social spending package are only funded for a limited time and the price tag is betting on the fact that these programs will only last a full year, only for a few years,
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not the full decade. earned income tax credit only counted for two years in this plan. several healthcare provision rsv not scored at all. money for pell grants only counted for five years the child tax credit only counted for five years as well and that is an issue that was raised yesterday, saying the real cost if these programs stick around is nearly $4 trillion, so i asked senator manchin if he's worried about that. >> the true cost is almost $4 trillion, does that concern you? >> absolutely. reporter: the cbo also not scored this bill, and that is something that the senate needs before they can vote on it. >> the product coming out of the house if it makes it over here is dead on arrival until we get a cbo score. i'm the ranking member of the budget committee and i promise you i'll invite these folks to come in and explain their analysis to us. reporter: and neil, they don't need republicans to vote for
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this reconciliation package, but they do need moderate democrats and manchin and sinema have made it very clear they have concerns if it turns out this package will add a penny to the deficit. neil? neil: all right, hillary i always get a kick when you're chasing people down a hallway, and they are trying to get away from you but you will not let them that's fun stuff. hillary vaughn, thank you very much. hillary on capitol hill. it's almost like they kicked her out on capitol hill. enough of you! which she won't go away which is a good thing. phil wegman is here, he won't go away, the real clear politics genius, the white house correspondent. phil, let me ask you just maybe stepping back from all of this. are there the votes for this? do you think the votes are there whether it's paid for or not, whether you could do a lot with the math behind this , but that's what it comes down to, whether the votes are there. >> the votes haven't been there all year unless something changes, and we have seen at least from the white house they're continuing full speed
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ahead. we can look back in maybe a couple weeks, a couple months, maybe in a few years and we'll be able to say whether or not the president was on the right course by continuing to keep his foot on the gas, but one thing we can say with certainty right now is that the guy does not doubt himself and he's staying the course here when it comes to spending. remember, this is a president who didn't lynch when his advisors told him he was headed in the wrong direction on afghanistan, this is a president who didn't flinch when that country was going to hell in a hand basket and i think with this spending what we're seeing is he's doubling down despite what we saw in virginia, he wants a new deal size package without new deal votes. neil: i always wonder if the idea being we've gotta rush this now because of the fact that we didn't get it passed, we lost those states or close to losing new jersey, and i'm wondering if that's even remotely factual. would it have made a difference if they had both of these under
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their belt by the time people were voting this week? >> yeah, it's a bit of, you know, alternative history when you ask that question, because we just don't know. certainly, democrats in virginia and new jersey would have had something that think ecould have pointed to, they could have had a win underneath their belts that they could have brought to voters. the thing about that is though these massive spending plans, the provisions don't immediately go into effect, so they would have been able to go to voters and say hey, we passed this thing and in the months to come you will see changes in your everyday life. one thing that they didn't do in either virginia or new jersey though is they didn't point to the american rescue plan, and all of the trillions of dollars that were spent there, so, you know, i think that this is a situation where democrats can play monday morning quarterback but it doesn't change things, and they're looking to 2022 realizing that they are not going to be able to just make
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the mid-terms about the previous president, they are actually going to have to have something to run on. neil: yeah, and sometimes a big spending package doesn't guarantee you a victory in the next election but we'll see. it's still early innings. time will tell. that's my favorite line. time will tell. phil wegman of real clear politics a white house correspondent joining us obviously out of white house. joe piscopo is joining us right now and you might be saying neil that's the former snl legend which he is, but he's got a very popular radio show, everyone talks about it, it's all the buzz, and i'm sure, big topic of discussion was that incredibly close election in new jersey, but more importantly, the toppling of one steven sween ey, the senate president. that's a big deal. he i think is the longest- serving public official in the garden state, better than 30 years and he's
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beaten by a guy who was an angry truck driver who said he had it with the way trent was operate, and he beat him, spending just a few hundred bucks, what do you make of that? >> you know, i always like watching steve sweeney on your shows, neil, he's a great guy. the head of the senate in the great state of new jersey and a great guy and a great politician and just very very well-known. how he got toppled, i think, because i know it's hard to understand neil cavuto, but in new jersey, we invented, let's see , i think pay-to-play, we invented corruption, but -- neil: careful young man, careful >> oh, i know. neil: next thing you'll start talking about the mob. >> [laughter] hey there's no such thing as the mob, neil, you know that as an aside? neil: angry italians in a room, go ahead. >> [laughter] you are too much, brotha.
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i think the political bosses were at play, because steve sweeney remember he had problems with the teacher's union a couple of years ago, it could have been that but also that whole area -- neil: and he was also putting heads with the governor, right, phil murphy, he had a gubernatorial run and then this former goldman sachs guy comes out of nowhere and launch es campaign and had the money to do it and all sweeney has to step down the bench, right? >> he got wacked. oops there's another thing, so, he did, taken out, but neil seriously, sweeney is a good guy , but i love this story about the truck driver, how great is this? he spents $115 and now he's going to beat one of the most famous long-standing politicians in new jersey. it's very very interesting but there's more to it than we are seeing, i believe. neil: no, i think you're absolutely right. i don't know if you've seen his ads or maybe talked about
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them on-air but this was the one that sort of launched the campaign here and it was all shot i think on a smartphone. let's take a look at it. >> okay. neil: okay, um, maybe we don't have it. but it was a great ad, joe, you'll have to take my word. here we go. >> the one with the motorcycle you mean? neil: yeah, here we go. >> okay. neil: okay, it was a great ad, if you heard the sound. i knew i was taking a risk when we got to it this late so bad on me for thinking we be ready but let me ask you. he tapped something ironically that a lot of people if you think about it, joe, felt in new jersey because murphy was up by double-digits last summer he had a nearly 30-point lead. he barely won it and by the way it's not a closed deal yet. i mean, forces are saying, you
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know, we're not done with this. there could be a recount, that could happen, so, what happened in new jersey? you know the state well. what's going on? >> well the taxes are just won't go away. the property taxes won't go away also people are forgetting, the shutdown that there was a massive shutdown. a lot of businesses are still out of business because of it. it was too extreme, and when you put all of that together, and we were just totally locked down, also this. phil murphy is a nice guy, neil, he's a gentleman, but he's know the from jersey. we sense that, and when he goes in, phil goes in, governor murphy goes in, takes out steve sweeney, takes out jersey, jersey guys and then you got like jack chitarelli, whose got a work ethic who kept coming on and coming on. that resonated with new jersey voters. here is a true jersey guy, jersey jack, that i really think
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it just kind of bought a reality to the new jersey folks who just want the texture and the tenor and the tone of new jersey back. that personality back. jack had all of that. i think that was a big play here , neil. neil: no, i was thinking chitarelli. he is so highly-regarded now and he was almost david and goliath, and he's not giving up this race and a recount very well could change the outcome but i was thinking of him as maybe a future senator candidate, menendez is up in new jersey in 2024, 2026, you know, corey book er is up, there are a lot of people shopping his name around. >> you know what? it's not over yet. they are going to do recount. great interview with tom cane the other day on fox news that was great. i love, how great is he? neil: class act. class act, as are you. by the way you know a lot of people wondered they were pushing you to run. you're very modest, but you know , you didn't.
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you could have, but do you regret that now, looking at what happened that you certainly have wider name recognition, certainly than chitarelli did at the time that i could be talking to governor-elect piscopo. >> well, it's interesting, because you know how many people did not vote in new jersey, roughly 4 million. most of new jersey did not show up to vote. now, imagine if you awaken that sleeping giant, neil, in new jersey. that's how you take it back, so let's see what happens with jack let's see if a recount, it may take a week or so, or more, and you're right. he would make a great senator and you know what? i'm all but, on the back side of my time on the planet, neil cavuto, but i just saw my friend just texted me a picture of a mayor whose like 109 so maybe i've got a shot next time around neil: do you entertain it? i talk about these two senate races coming up in 24 and 26.
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crazier things have happened. >> yeah, i'm telling you, my interest is piqued now, i'm psyched because people are involved. what this election shows with this jack chitarelli and phil murphy election showed people are involved and they care in new jersey. we're not leaving. i'm not going anywhere. everybody is going to florida. we love florida. i love texas, everybody is leaving. i ain't going anywhere. i'm staying in the garden state, you know, and we're going to just try and fix the taxes and fix the gasoline, the pharceuticals, there's so much to attack that jack chitarelli talked about and if it doesn't get done, someone's got to jump in from the outside, mr. casuit o and take over. neil: but you're so rich right now and earning so much money in all your private endeavors that i don't see , as you come to me live from your bruce wayne mansion, that's a big thing to give up, joseph.
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>> you know, honestly, it's business by the grace of god only is good, and we're doing a lot of things, and i'm on the road and i'm enjoying it and you're right, to step away from that is tough and this time around, i wanted to go in, we did a little tiny little exploratory thing to run for governor. we saw jack had it, jack was the guy, but to step away from business, it is. it's hard to do it. i mean, that's why phil murphy is worth $550 million, despite what you think, neil, i'm not worth $550 million. i'm just saying. neil: i know, i know, it's about 450 million, but still, it be a sacrifice. joe, you are a legend. there have been a lot of great comedians on saturday night live over the years, you are in the golden upper tier, my friend thank you very very much, always good talking to you, and you have a big heart. you don't like to brag about that but you have a big heart
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and also a very big wallet but you have a big heart, joe piscopo i want to thank you very very much. all right we've got the dow hovering still around 90 points and losses s&p is doing pretty well in record territory, the last time i checked nasdaq technology stocks, is it me or these averages just teasing record after record after record look at the case of the nasdaq it be six days running for the major averages if the dow turns things around four days running for all three of them? what's going on? after this.
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neil: all right, you know, leaf blowers and lawn mowers could be pretty loud but apparently its gotten to the point in california where they say just ban them, just stop them, easier said than done, but in california, it's all the rage right now, kelly o'grady on this move to ban sales of such leaf blowers and lawn mowers, she joins us in california with more, kelly? >> yeah, so neil, california is
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set to become the first state to ban the sale of small gas-power ed engines so that law is going after lawn mowers, leaf blowers, so this isn't just a consumer tending their backyard. this is the 55,000 lawn care small businesses in the state, 70% of which are minority owned that are impacted so activists pushed for this bill that operating a leaf blower for one hour causes the same amount of pollution as driving a car for 1,100 miles but even with the $30 million that's earmarked to ease this transition, critics are worried that implementing this law by 2024 is financially irresponsible, now there's 2 million commercial engines in use, that works out to just $15 in relief each and to contextual ize that a sit-down gas mower costs between seven and 11 grand while the electric version could cost as much of that and the batteries aren't cheap either. >> but if you have four or five hours worth of work, you have to carry five $300
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batteries, with you out to that job site, to get through your workday. reporter: if you got a multi- person crew you might need 30 to 40 of those batteries a day that could cost you another 10 g's but cost is only half the battle this is also an infrastructure challenge as well. >> they are going to have to retrofit their shops to handle things coming in and change the way they might charge on the go, and not to mention california is the state where the leading blackouts in the country, so what happens that day after a blackout? reporter: now, industry experts tell me that they want this , this push towards green energy, after all the earth is landscaper' office if you will but they are worried this is really going to impact small businesses which are already quite vulnerable. neil? neil: yeah and how do they replace that, with what some we'll see , kelly o'grady, thank you. daniel turner is joining us we mentioned earlier on about this push right now, the administration is i think
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i'm not mischaracterizing it, daniel, all but begging these opec-plus countries to increase production. they don't seem to be budging, so we're not going to be getting any help from them to address these rocketing prices in our country today, notwithstanding. what do you make of that? >> yeah, and let's tie these two points together, your previous segment and this about opec. opec meeting ended a couple hours ago and they said no they aren't going to increase production, and so joe biden could obviously put americans back to work, american oil & gas people, american pipeline workers, but he's choosing not to do that and your previous report talked about these small business owners. who were these politicians making these decisions that are destroying american lives? they're not people who use weed wackers or lawn equipment or run a small farm like i do here in rural virginia. they're not people who operate small businesses. they're not the pipeline workers
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who i talk to, who for 11 months now have had no income and they're told by this president and by people like john kerry, well, in the future, we'll have a job for you but if you've gone 11 months without income and food prices are rising and heat ing prices, electricity prices, gas prices are all ris ing who do these politicians work for , neil because they are destroying average american lives every single day and no one seems to care about it. neil: i know you and i talk about this before, dan. if you want to be all-in on all other types of energy, have at it, but not at the expense of what has been our winning ticket right now, the ample production in this country that led to these lower prices and led to us being the world number one oil producer, but when you lump things like natural gas with that and call it a filthy energy , i'm thinking well, i think natural gas has gotten a pretty bad rap for that because
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it's quite the opposite. it's like a full throttle assault on these traditional energy sources, at the expense of these untested ones. >> no and natural gas has been a huge benefit to america, not just in terms of environmental benefits and emissions lowering but jobs its created and prosperity. you just need to look at the border of new york and pennsylvania. pennsylvania which has allowed natural gas and fracking and new york, my home state of new york which has not allowed it. property value is more expensive than pennsylvania, jobs are more plentiful. housing prices are higher, unemployment is lower, so you just look at these realistic statistics, again our politicians and being in virginia, maybe that's what happened on tuesday, our politicians don't live in this world and if you operated a small business or if you had to weed wack a couple hundred yards of fence lines, which sometimes i have to, you know a battery is not going to work. you know an electric vehicle
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$140,000 f-150 is out of your price point when a regular f-150 is $30,000, so it's just so saddening, it's so angering to see politicians who don't live in the world that average americans live in every single day. neil: there ought to be a market to invest in like goat or sheep futures because that's about the only way you'll be able to cut your lawn in the next few years, so we'll watch that closely. daniel turner, power of the future, founder and ceo good seeing you again, dan. >> thank you. neil: all right in the meantime here, the push right now for anything american made, it's on. it's not politicians leading it. it's average folk, after this.
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neil: you know, apparently, a lot of americans do not need to be talked into buying american, they are leading the charge themselves, lydia hu is seeing it firsthand in farmington, maine, lidia what's going on there? reporter: hi, neil. we are at a company called origin. they've been in business for a decade now, making nutritional supplements and apparel. they're getting into footwear now and the ceo who joins us, pete roberts. pete, you say people are discovering you now, because you're all made in america. >> yeah, absolutely. you know, it's something that we've been working towards over the past decade keeping our supply chain 100% without compromise in the united states. i think america appreciates that and i think they are appreciat ing it really now more than ever. reporter: let's talk a little bit about that supply chain, because for some of your
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products, you own the supply chain from start-to-finish. you got started making keys. >> for grappling and this is the fabric of america that we're weaving again, just below our feet we have 40-year-old looms that we rescued from an old abandoned mill and got back to work. reporter: you're spinning the threat and stitching them right behind us so you are owning that supply chain from start to finish. what difference is that making for you right now is that a competitive advantage? >> it absolutely is a competitive advantage, to have everything under one roof, we call it true vertical, or actually i like to call it the origin factory blockchain, because it's fully transparent our customers see exactly how it's made, the american hands that are making it and they really appreciate that. reporter: so now that we're seeing trouble with the supply chain, do you think that american manufacturing is going to have a renaissance of this , do you feel like this is the moment you've been waiting for for origin? >> i like to say that origin is the tip of the sphere, even
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though we're way up in the woods of maine it's a little bit difficult with the supply chain, cotton prices have increased 15% , and honestly almost 40% of america's cotton goes overseas goes to china, so if we could keep a little bit more of that here and sprinkle it throughout we're doing our part we need other folks to step up and do their part. reporter: we wish you the best as you had ed into the holiday season, neil. right now this factory is abuzz with people making denim jeans and you can hear that and pete says that's the sound of america at work. back to you. neil: yeah, he's in a beautiful neck of the woods as are you, lidia thank you for that and thank him, please, lydia hu in farmington, maine. well, you know when you want to buy american or want to buy anything else you'll just pay more, now a lot of americans are prepared to do that, even dan geltrude. now i kind of offended i think friends of dan, maybe dan himself when i said had ewas cheap. he's not cheap as much as he watches his pennies, so he's actually a very generous guy who is a fancy nice way of saying
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he's cheap in a good way, but dan, it's good seeing you. >> hey, neil. neil: what do you make of this because a lot of americans are looking at what will be shortages and the rest and some appear to be willing to pony up the cash but there's a limit to their, i guess, patience with this , what do you see happening >> well, neil, as you pointed out, being a frugal guy, i think the whole reason that you had this push to foreign manufacturing was because american labor was simply too expensive and the end result was that the products were too expensive so in order to meet the demand of how much people would pay for certain products, you had everything going overseas; however, now we see the shortcomings of this international supply chain, so what i would say is this. if we can really be competitive in terms of pricing, to end-user s, then i am all for made in america.
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otherwise, you know me, neil. i gotta look elsewhere. neil: i'm wondering if looking at the big supply chain issue and the inflation that even the fed now is acknowledging isn't temporary, isn't just going to be passing, when they say it's going to take a good half year to work out into next year, i'm thinking all right, add a year to that. where are you on this? >> well i'm exactly there, neil when inflation hits, it doesn't retract so quickly. how can it? as things get more expensive why would the price come down? it would mean that there has to be some type of substantial movement related to the cost of production. now, where is that going to come from? we've already inflated wages. are people going to be making less money in the future? no. if anything they're going to continue to make more which is going to keep the price of goods at an elevated level, so the
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inflation is a very serious issue, and i think in the election results that we saw related to new jersey and virginia, i know there were other issues involved but to me, inflation and economics were really the heart behind why people said we need a change, simply because we can't afford where we're going. neil: yeah, if you think about it, in places like new jersey which already have incredibly high taxes and you're adding higher prices to that, it's sort of like some salt in the financial wound there. i am curious what is your take on the election results this week, and because of it's supposed to change some of this progressive behavior, to come up with big spending packages it hasn't, quite the opposite. >> you know, neil. i think you can really analyze what happened in new jersey, for example, over and over again, but i like to keep things simple and i wouldn't necessarily say
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that people were coming out to vote republican. now, i know republicans will say that i got that wrong. i think people were voting, they're unhappy. they wanted change. they were saying somebody needs to fix this , whether you're red or blue, do something. business as usual in new jersey is not cutting it, everything is simply too expensive, and how about this , neil. people are voting with their feet. they're getting out of new jersey they're migrating to florida or texas or some of the other states which have no income tax. it's very simple. neil: yeah, they just follow that money, and where they can save it. dan, thank you very good seeing you again, dan geltrude following all these fast moving pricey developments we're also following a development half a world away in iran, nuclear talks that will resume by the end of the month, we're told , but, but, man, are there some bumps along the way.
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neil: all right, you talk about opec, opec plus countries and oil and everything else and immediately, your mind goes to iran and next we have relations there but nuclear talks are still on with iran for the end of the month, what can we expect , trey yingst now with more from jerusalem. hey, trey. reporter: nuclear talks with iran are set to restart later this month the conversations are widely seen as a make or break moment in these negotiations. american officials will travel to vienna, austria, on november 29 along with other parties to the 2015 nuclear agreement iran's chief negotiator also confirmed his country's participation in a tweet calling current sanctions against iran unlawful and in humane. iran's new president is considered to be more of a hard- liner than the former
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president and he said today there will be no retreat in the nuclear conversations. now this could prove to be a major hurdle for negotiators who are looking to get the islamic republic back into the confines of an agreement when it comes to the enrichment and storage of uranium, amid continued tension between the midwest and iran. this week officials confirmed iran seized an oil tank tanker late last month, both sides offered different accounts of what happened and remember late last month iran launched a drone attack against u.s. forces in syria, well now president biden is vowing to respond saying this earlier in the week. >> with regard to the issue of how we're going to respond to actions taken by them against interest in the united states, whether there are drone strikes or anything else is we're going to respond and we're going to continue to respond. reporter: now, israel, a key u.s. allie, in the region has made clear they are not ruling out anything when it comes to iran, so if the nuclear negotiations fall apart, top israeli officials say they could even strike inside iranian
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territory. neil? neil: trey, i know the iranians always said things can't start until assets are unfrozen but that looks unlikely so where is this going to go? reporter: it looks very unlikely , right now, that the biden administration is going to move. they don't want to be seen as weak going into this next round of negotiations in vienna but the iranians say they aren't willing to bring everyone to the table and make serious concessions until some sanctions and economic pressure are eased on the islamic republic so it's going to be a stalemate moving forward and like i said if these negotiations are unsuccessful, it ratchets up that tension in the region especially when it comes to israel. neil? neil: trey yingst, thank you very much my friend, joining us out of jerusalem. in the meantime here, you've heard maybe a comment or two about the big elections going on , virginia and still not quite fully resolved in new jersey, leave it to geraldo to step way
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back from the media fixation on this to say wait a minute, maybe we're overstating what happened. he's next. >> ♪ i order my groceries online now. shingles doesn't care. i keep my social distance. shingles doesn't care. i stay within my family bubble. shingles doesn't care. because if you've had chicken pox, you're already carrying the virus that causes shingles. in fact, about 1 in 3 people will develop shingles, and the risk only increases as you age. so what can protect you against shingles? shingrix protects. now you can protect yourself from shingles with a vaccine proven to be over 90% effective.
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>> this stupid wokeness, don't just look at virginia and new jersey, look at long island, look at buffalo, look at minneapolis, even seattle, washington. i mean, just defund the police, take abraham lincoln's name off the stools, i mean, people see that, and it's just really suppressive effect all across the country, the democrats, some of these people need to go to a woke detox center or something. they are expressing language that people just don't use, and there's a backlash and a frustration at that. neil: james carville on pbs saying it's the wokeness that led to the wreckless results for democrats on election day in these key states , certainly in virginia
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and new jersey, where it still reigns tight as a tick, although officially we're hearing that the governor's folks, governor phil murphy are saying they won his opponent isn't so sure, having said all of that, car ville seems to be saying none of this would have happened if democrats and particularly progressives didn't over do it on some of all of these woke lecturing, all of the education, all of that. want to go to geraldo rivera on that. a very interesting take. very good to see you, geraldo. geraldo: an adele fanfare. neil: later on i'm a little bummed out she didn't call me. but it's fine, i understand she's busy. geraldo: i tried to relay the message. neil: no, i appreciate that and by the way i was just saying congratulations on your 20 years at fox. geraldo: thank you. neil: i remember very well when you came on board and it was good for us. geraldo: thank you. neil: i caught you discussing, you know, the significance of
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what happened this week, and that you were kind of warning, don't overplay it. what did you mean? >> i think there's too much in the republican party and they are saying the history was made, that there's a huge red wave sweeping the country. i think that it's very very dangerous to see in this a big societal shift. i think the momentum is clearly on the side of the republicans as it should be, i think james carville is exactly right, neil, with what he had to say that's why he gets the big money and 1992 was the economy stupid, now it is. this wokeness is very very troubling, it's boring, it's tedious, it's provocative in the worst kind of way. you know, i think that democrats , the progressives have taken hostage the party. look what they're done to biden 's legislative agenda. they're holding infrastructure which is a truly bipartisan bill that really would put money in
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the hands of people that would deliver tangible assets like highways and bridges and tunnels and wi-fi and so forth and they are holding that hostages for their very ambitious social policy agenda, as if this was fd r and not joe biden, and all of it, with this woke ness, that the superiority, the social superiority that i know what's happening and you don't know, i think the democrats really did shoot themselves in the foot, but i don't think that this was one of those seminole moments where the political equation shifted. you have a very very unpopular president and even more unpopular vice president, and you've got a divided congress and the democrats thinking that they still had two-thirds and they don't. neil: you know, you mentioned, geraldo, bill clinton, and we all famously remember after the republican takeover of capitol hill in the americans in
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94, he not only pivoted he did an about-face, yet he recognized the parade that was going and the welfare-to dark work thing and he ended up leading the parade and normally we don't see that reaction in an off year election, and you're saying let's put it into perspective, but we already see progressives on capitol hill are not changing their spending plans, or the size of the programs they're looking at here, so if this was supposed to be a signal , it depends on the eye of the beholder to cool it a little bit or reassess it, it's not happening. geraldo: i think you're right, but what the end result is, neil , is they all stay the course and they will sabotage build back better. build back better isn't going to build one brick. it's not going to pass. manchin won't go for it, everybody sees now that we've already spent 5 trillion, 5 trillion is enough, my favorite sound bite from yesterday was the comparison of
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the 5 trillion by manchin, he said that's what the we spend in today's dollars for the marshall plan to rebuild all of europe after world war ii. we've spent enough on this , let's, you know, let's do infrastructure, let's get it done, but the progressives they insist on it, neil, you could create what i said does not yet exist. you could create a red tide with wokeness and i'm better than you -ness, and critical race theory and all the rest of it, the democrats can self-inflict a kind of political suicide. it hasn't happened yet, but they aren't in very good standing and i'm a joe manchin republican. i think this guy him and liz cheney are my profiles encourage , they are everybody else in the senate of the united states, look if you think that all 50 of those senators really believe the same stuff? when i was growing up, when you and i were growing up i'm older than you but they used to be liberals moderates and conservatives in both the republican party and the
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democratic party you had senators who be profiles encouraged now they just are robots and clones they just go along except foremanchin, on the house side, liz cheney, you got a real handful of them, but i think that one thing we cannot do is now say okay, now it's the republicans turn, democrats get the hell out of here, you've gotta deal with the sensible democrats, you've gotta, like joe manchin, you've gotta negotiate a compromise, get things done, joe biden's failure is not just his failure. it's america's failure. that's why i am troubled when i see people rooting for him to fall and when he goes up the stairs to the airplane. i'm not for that, neil, but i think that moderation, i think that you have great sensibility. i wish that you would run for office. i know that you're too busy getting rich, but you know, you need that. neil: following you, geraldo i wish we had more time but what i love about you, you're your own
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man and i remember 20 years ago coming here and obviously many many years before that and your 50-plus year career, you are your own guy. you'll call it out on republican s you'll call it out on democrats, but no one, no one can tell you what to say nor should they try. geraldo: my wife. neil: yeah, i hear you on that. keep fighting the good fight. let people hear all views calmly and robustly. geraldo always good seeing you my friend. geraldo: same here. neil: he always does okay there, we have a lot more, after this. stay with us. ♪ say it's all right ♪ ♪ say it's all right, it's all right ♪ . . ♪ it's all right ♪
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mercedes-benz certified pre-owned. translation: the mercedes of your dreams is closer than you think. neil: we're hear pro the new jersey republican party that legal hack shun is not off the table for jack ciattarelli even though most major agencies called the race for governor murphy. a tight one. there are thousands out there. until they are counted it ain't over. now to charles payne. charles: hey, neil. thank you very much. i'm charms payne, this a "making money." so much for the taper tantrum. they're calling eight buy signal and bond yields sag, who can explain that? why the market keeps saying one thing and all the smart money keeps saying something else? that brings me to the challenge facing all


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