tv Your World With Neil Cavuto FOX News July 7, 2022 1:00pm-2:00pm PDT
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you're going to get him close like this? ba-bling. >> one of his former co stars says caan's movies were the best. james caan was 82 years old. that is "the story," thursday, july 7. as always, the story goes on. see you back here tomorrow. "your world" with neil cavuto right now. >> that's the moment that you'd expect the government to continue with its work, not to walk away. the job of a prime minister is difficult when he's been handed a mandate is to keep going. that's what i'm going to do. >> i want you know how sad i am to be giving up the best job in the world.
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but them's the breaks. >> neil: all that in 24 hours. with that, boris johnson is out. the british prime minister giving up the fight as so many in his government gave up on him. his covid parties didn't help and his appointments certainly hurt. did boris get the boot because britain's economy couldn't get back on its feet? just like this herd was moving there, could the same thing happen here? fox on top of what happened now with greg palkot in london on the scramble to replace a prime minister. the "wall street journal"'s gerry baker and general keith kellogg on why vladimir putin is celebrating a western leader heading out just as he keeps digging in. welcome, everybody. i'm neil cavuto. let's go to greg palkot in london with the latest on the search for the next prime minister.
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greg? >> absolutely, neil. as the sunsets here on the thames, the house of parliament behind us, it's the end of an era just about. british prime minister boris johnson stepping down as party leader of the conservative party and that should lead to his departure as p.m. johnson broke the news in front of number 10 downing street. citing the loss of trust in the man following the variety of scandals. here's a bit of what johnson had to say about the herd of politicians that he thinks drove him out of office. >> when the the herd moves, it moves. my friends, in politics, no one is remotely indispensable. >> trace: no one is indispensable. what happens in the u.k. matters in the u.s. strategically. johnson and the u.k. along with the u.s. have been strong backers of ukraine in its fight against russia. johnson says that support will
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continue. president zelensky said he was sad about johnson's departure. what happens next in this parliamentary democracy is unknown. the new leader has to become a prime minister. that could take a few months. there would be new pressure to have a new general election. all the while, yes, the u.k. face as host of burning domestic issues including economic, high inflation, slow growth and a shortage of about everything. complicating things, boris says he wants to stick around until all of this is resolved. again, that could take a couple of months. many people are saying no way, jose. you're out the door. they want a caretaker p.m. to be put in place. it's safe to say that nobody can replace boris johnson. >> neil: a character he was. thanks. greg palkot.
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gerry baker from the "wall street journal". apparently his own party here, gerry baker demanded he go. it wasn't just an outside. what happened? >> the british conservative party is a ruthless organization, a very successful and effective one. one of the most successful parties in democratic history. they're ruthless. when a leader gets them in to trouble, looks like he or she might lose in the next election, they get rid of them. of the last five conserve tiff prime ministers, three have been dispatched by the party before an election. margaret thatcher won three general elections and ousted by her party. boris johnson has won the biggest majority, never lost an election. he's been ousted, too.
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the trouble is partly because of the scandals, partly over the dissatisfaction of the economy and partly because he's been in power a long time. leaders get kicked out. boris is gone. >> neil: britain loom every major country, if you didn't have that backdrop, would the ill-will have be so bad, i only mention that because even with the watergate scandal for richard nixon, didn't help that the backdrop was an opec oil embargo, long gas lines and a economy falling apart. it didn't help him. >> that's right. those other prime ministers i talked about were ousted in similar circumstances with the economy in trouble. margaret thatcher in 1990. theresa may in 2019. you're right.
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inflation is as bad in the u.k. as it is here. some places it's up 10% at the moment. british economy suffered from long-term relatively weak growth, poor productivity growth. i have no doubt that you're right. if the conservative -- if the economy were stronger, the conservative party standing would be stronger. right now they're hand the labor party but 7 or 8 or 9 points. if the party was stronger, the conservative party would be stronger. boris johnson has gotten himself in a lot of trouble because of his own behavior. if the economy were in stronger condition, if he had a more coherent economic plan -- one of the problems a lot of conservatives have is not just the personality and the character of boris johnson. he has no plan. he's not working in a conservative way. the government is spending huge amounts of money. they just put up taxes again.
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they're at their highest level for 50 years. it's not a conservative approach. a lot of conservative mps are very unhappy with that. that's part of the agitation. >> things turned on him quickly. forget about 24 hours that he could survive this just as he had a few weeks earlier a no confidence vote within his own party. what cascaded? what happened? what lead to all of these minister and high level resignations? >> as you say, he had the no confidence vote. it was a bad outcome for him. 41% of his own members of parliament voted no confidence in him. that's a serious number. one is enough. but to have 4/10 of your own party against you, that was not a good sign. a week later, they had these special elections, two important ones for parliamentary constituencies where conservative members were forced
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to stand down. they lost both of those by a huge amount. particularly the one in the south of england where that's a lot of worry, conservative mps are worried that they could lose their seats. the last straw is the latest scandal. a man by the very unfortunate name of pincher turns out to have been living down to his name, shall we say, by misbehaving with some young men in a club in london. he was warned about this man's behavior. then said he hadn't been warned about it. this is the last straw. not because it mattered so much, but because so people have gotten used to boris johnson not telling the truth, not being completely honest. so on top of the bielections and the loss of confidence and because of the economic problems that the country is having, conservative mps said this is
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not working and they got rid of him. >> neil: i heard a british come -- commentator say one thing that the british people don't like is getting lied to. >> lying politicians are as familiar to the british politicians as rain. i'm not -- boris, it's true. he's probably more of a reputation for dishonesty than others. there's no question that he's unpopular right now. that's why they got rid of him. >> neil: you think he will come whack? >> never rule it out. there's no second acts in british political life. but boris has broken all the rules. who knows. >> neil: thanks, gerry baker. fox business network. one thing that boris johnson wanted to echo is that britain
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still stands behind ukraine. >> let me say now to the people of ukraine, that we in the u.k. will continue to back your fight for freedom for as long as it takes. >> neil: all right. keith kellogg joins us, the former national security adviser under mike pence. general, if i'm president zelensky and i had overwhelming support from certainly boris johnson, a repeated visitor, great personal risk to that country, now he's gone, should i worry that the support that came with that might be frayed? >> yeah, neil, thanks for having me. the answer is yes. i don't know who will replace him. maybe the trade representative during brexit or ben wallace. nobody can match his personality, what he wanted to do. under boris johnson, under his
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leadership, britain was the second largest contribute tore the ukraine in the sense of defense spending. they spent almost $8 billion. they were far and away the number 2 contributor. 60% was for military supplies. they were one of the first provide anti-tank ammunitions. boris johnson's was on the ground early. he walked the streets, gave a lot of support to zelensky. so the russians saw that. they were a very strong supporter. very candidly, he's been more of a leadership supporter of president zelenskys that our president has. our president has not visited. our vice president has not visited. boris johnson's has walked the streets and talked to talk. they will miss him. as time goes on, everybody will wane a little bit on the support but the britts have been there and boris johnson's led that. i can see why putin is happy
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he's gone. >> neil: he was very happy. he and his ambassador to that country to great britain have said, look at this. to a man, blaming it not so much on the domestic issues that johnson was dealing with but the fact that he was leading this -- what putin called up popular cause in ukraine against russia. what did you make of that? >> well, i think it's putin's words. here we go again. he know he's lost an adversary and more importantly, an adversary to putin that is a nuclear power. when he loses johnson, there's one of the nuclear powers if they get out of the game. he's been more vocal than any of the other leaders. as i said, he's been more vocal in support of zelensky than president biden. so putin sees that. he knows one of his adversaries is now off the charts. no one is going to replace boris
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johnson as we know him. he's a character. he's an american. he was born in america. that's maybe some of the strong blood he had there. but i think putin is happy that he's gone. >> neil: john kirby at the white house was addressing this when it broke late yesterday. he was saying that nothing has changed as far as american policy in sync with british policy as well. listen to this, general. >> if i'm president zelensky, i'm worried. should i be worried? >> i don't think so. he knows the international support he's getting in fighting this war. every leader in nato and every leader at the g-7 said that they would continue to support ukraine as long as it takes. president zelensky understands that he has that international support regardless of what government is in power. >> trace: you don't buy that, do you, general? >> i don't. a lot of talk going on.
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we have supplied him with the kit that they need. the military equipment that they need to push back on the russian offensive that is going on. we've said repeatedly, it's an attrition fight. the russians are using artillery to great strength. we had an opportunity to counter that with things like the mlrs or more fighter jets. we didn't do that. talk is cheap. i would challenge kirby and the president, give them what they really need to fight. they asked for it. importantys johnson saw that. he gave them some mrls early. gave them almost as many as we did. he understood what needed to contribute to win this fight. we have not done it. talk has been cheap. i want to push back on them. we've been saying this repeatedly the last several weeks. give them what they need to win the fight. we have not done that. >> neil: general thanks very much. great catching up with you on this. keith kellogg. meantime here, help is on the
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way. of course plenty help on the way for ukraine. i'm talking about for our air travel industry and particularly nations airports where right now the transportation secretary is promising relief, but not for what you think or at the time you think you need it. kelly o'grady has that. kelly? >> yeah, with all of this travel chaos, everyone is wondering when it's going to get better. coming up, we'll tell you who they're blaming now and when you might see relief. ♪ i've been everywhere, man ♪ ♪ i've been everywhere, man ♪ ♪ of travel i've had my share, man ♪ ♪ i've been everywhere ♪ ♪♪
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web browser, one click data clearing and more stop companies like google from watching you, by downloading the app today. duckduckgo: privacy, simplified. >> neil: all right. had it with the delays and cancellations? the u.s. government and pete buttigieg says help is not on the way but it's not the help that you're looking forward to or want right now as it is. kelly o'grady at los angeles airport with more. kelly? >> hey, good to see you, neil. yeah, the secretary's trip here is an interesting timing. he's announcing funding to upgrade terminals. this travel chaos that everyone is experiencing, the root cause is a little blame game. people want to know who is responsible. passengers are not only not able to get where they want to go but paying sky high prices. over the holiday weekend, over
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1,400 flights were cancelled. we're at 218 for today. the number will increase as the day goes on. airlines are struggling to staff workers. roughly 31,000 workers were pushed out, qualified trained workers are not being utilized. united airlines now accusing the faa of needing more air traffic control staff. the faa is firing back saying it's unfortunate to see united airlines conflate weather-related air traffic control measures. there were no faa staffing delays at all. airlines still cancelled over 1,100 flights, a quarter which were united flights. this blame game brings up where the bailout went that was supposed to prevent these issues. $54 billion was awarded to keep staff on hand during the downturn. airlines felt the pressure on the bottom line was greater and
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employing funds to incentivize buyouts now that travel demand is back. now the travel secretary is announcing a billion dollars to upgrade terminals. it's coming at a weird moment. people say where is the money going after the $54 billion. should be interesting. >> neil: yeah, there's far more immediate needs than nice terminals. they're welcome down the road but right now is the problem. kelly, thanks for that. so the impact of this with kendra thornton, the travel and tourist president. sort of like the elite of the elite of that business. kendra, good to have you. i'm wondering how many of your clients and customers they could find options around this, i'm sure, many go on cruises to get away from the airline travel thing but they can't afford airports. so what are they saying?
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>> well, i'll say, we've had about 25% of our customers impacted by the flight delays over the last couple weeks. june has been an impressive month for us in terms of business, a record month for our agency and many in the airline and hospitality industry. so it's definitely frustrating for travelers that have been waiting two years to take these trips and then have to deal with the pain points to get to their destination. what we are really telling our travelers and i know it's hard when you have only so many vacation days, but as much as possible, it's really important to try to give yourself extra time to get to your destination. 48 hour is what we're advising people. if the delays happen, you have protection. >> neil: when you say 48 hours, what are you referring to? give yourself that kind of wiggle room? >> yes. exactly. like you mentioned, getting on a cruise. let's say your cruise is
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embarking on a certain date instead of arriving that morning or the day before, we're saying get there two days prior just in case you have a delay -- >> neil: have you run across people and say no, i love you to death but i'm so sick of this, i'm cancelling everything. >> not yet. i think that's because people have been stuck at home the last two years. so we're still benefitting from that pent-up demand of travel. so people still have a high tolerance right now for what is happening in the airline industry. do i think that this will -- these problem will persist? i don't think people will be as patient, but right now they're willing to suck it up because they want that vacation. we have a lot of travelers in europe right now. this is not a u.s. problem. even the european carriers are dealing with strikes. the past few weeks we've dealt with a lot of lost luggage. it's a global issue, not just a
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u.s. problem. >> neil: do you know -- not that you're an airline bailout expert. but where did the billions of dollars go and why weren't the airlines better prepared or our transportation department for this moment? >> it's a great question. i mean, i could say some of that money went to these early retirement packages and employees. that's a big problem for us right now. there's this labor shortage that we're dealing with, so they're having to increase what they're paying existing staff. that is driving prices up along with the fuel rate increases. so people are paying double for flights of what we're used to play in 2019 or before. so you're paying more and you're getting more headaches right now. i think if you want to travel by air this season, then you just have to have flexibility and you need to have a contingency plan. >> neil: think of finally
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>> neil: a federal judge sent derek chauvin to more years in prison as he moved to federal custody. more after this. um, oh wow. um, the future is, uh, what's ahead of us. i don't get it. yeah. maybe this will help. so now we're in the present. and now... we're in the future. the all-electric chevy bolt euv with available super cruise™ for hands-free driving. - dad. - yeah? do fish get thirsty? eh. find new answers. find new roads. chevrolet.
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meltin', breadin', bakin', shreddin'. slicin', dicin', spicin', ricin'. if you're swissing it, then you're missing it. fryin', flyin', savorin', favorin'. over rotini. inside a panini. egging, maining, siding, plain-ing. debunk the inglorious. one shape's victorious. kraft singles. square it. >> neil: all right. washington cracking down what's going on at the border, not the migrant surge but how texas is handling this, this as rockets soar in the area. bill melugin has nor. >> good afternoon to you. despite the scorching temperatures, large groups of migrants continue to cross illegally every day here in
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eagle pass. we just had some a few moments ago. this is less than ten miles away from where we're standing next to the riverbank. this is a group of what appears to be 100 migrants that just crossed illegally on to a private ranch and/or chart there. this is the sort of thing that we're seeing every day here in eagle pass. yesterday we had a group of approximately 500. a few hours after that, a group of 150. this appearing to be a group of at least 100 that just crossed over. the del rio sector has been getting the group multiple times a day almost every day spanning several months now. this isn't the up group. if we can pull up this video. this is part of the group of 500 yesterday. you talk about the scorching temperatures. here we are in early july. every day it's pushing over 100 degrees. it's humid and miserable out here in terms of coming into this open, brushy environment. the migrants make the journey every day. most of the migrants were from cuba and venezuela.
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they're not being title 42'd right now. they know if. if they can just set foot on soil, they'll be released into the u.s. that's why they're willing to risk their lives and come here in these single massive groups. take a look to what the former ice director had to say about the biden administration and their current border policies, which he says the making the situation worse and worse month after month. >> this administration has never stepped forward and explained to us what they're trying to accomplish down there. first they denied it was a crisis. then they said it was going away. now it's getting worse and they have no solutions. >> and you're looking at video of a texas dps trooper. he pulled over a human smuggler. several immigrants try to bail out of his vehicle and want to run away. that trooper arrested. takes them in to custody. back out here live, breaking news a short time ago.
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governor abbott announcing an executive order saying that he's going to authorize texas dps and the texas national guard to apprehend illegal immigrants and return them here to the border. i called the governor's office to get some clarity on what that means. i'm told that texas will not be deporting migrants to mexico. what they'll be doing is picking these migrants open and dropping them off at ports of entry on the u.s. side. those ports of entry are run by cbp, not border patrol. it's unclear what will happen to them or what coordination that will be with the state of texas and the federal government. we'll have to wait and see how that works. back to you. >> neil: that's wild. clearly not on the same page. we have art cueto here with us. what does this mean, art? this policy is at odds with the federal policy. we have the federal government going after texas for how its
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handling the border issue. what do you make of this? >> well, i mean, you have to hand it to governor abbott. he's doing what needs to be done. it's out of the frustration from his constituents. he's doing the right things. he's doing everything that should be getting done by the federal government. he's going to transport these individuals from what i'm hearing to the ports of entries where they can be processed correctly. here you have a governor who cares about his states and cares about the future of america and the entire country. other governors need to follow suit and do the things that the governor in texas is doing. >> neil: so art, if i understand it correctly, it's not that he's not going to deal with these got-aways and others on our side, not the mexican side, it's how they're handled from there, right? >> no, i mean definitely. at the end of the day, the big issue is the federal government
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has to step up. they have to do something. you're seeing the frustration throughout many of the border states. allot of it is because the current administration has created that magnet. they said hey, come across. nothing will happen. you won't have consequences. you'll be allowed to claim some type of asylum and be released throughout the u.s. again, you know, you have individuals that are taking their oath serious. individuals that actually do care about the rule of law. they're trying to do something about it. >> neil: but they're not on the same page, are they? the governor versus the administration. >> the governor is doing the right thing. honestly the rest of the border states need to follow some type of suit and get with the federal government and say look, enough is enough. our country is being overrun. our states are being overrun. we need to start enforcing the immigration policies that are there and there needs to be consequences for individuals breaking our immigration policies. >> neil: just a mess. art, thanks very much. as if you don't have enough
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headaches. art cueto. following another story here. the kaitlyn armstrong development. the elite cyclist arrested in costa rica. casey stegall has more. >> a press conference has just wrapped up. they were taking a bid of a victory lap after their suspect was on the run for six weeks. may 11 is when mariah wilson was shot and killed at a home in east austin. wilson and armstrong were romantically involved with the same man. police say this video captured armstrong's jeep then at the crime scene. a week later, the 34-year-old showed up on surveillance cameras at newark liberty airport where officials say she used her sister's passport to board a flight to costa rica.
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it was there last week where authorities finally caught up with armstrong and arrested here in santa teresa beach where she had been staying. investigators say she registered for local yoga classes under an assumed name, which helped lead them right to her. >> officials involved in the investigation conducted old fashioned law enforcement techniques. wentz door-to-door, conducted multiple interviews going from yoga establishment to other yoga establishments and also made contact with lodging venues that she had left behind. >> investigators say she attempted to change her appearance, cutting her hair short and dying it brown. the marshalls have not confirmed whether armstrong did pay cash for a cosmetic procedure to change her nose. at the time of her arrest, she had a bandage but told investigators that she heard it surfing.
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police questioned armstrong after mariah wilson was killed, but said that they accidentally released her due to a clerical error before a judge authorized that initial arrest warrant. neil? >> neil: man, that's a tv drama. thanks very much for that. stay with us. you're watching "your world." i'm mark and i live in vero beach, florida. my wife and i have three children. ruthann and i like to hike. we eat healthy. we exercise. i noticed i wasn't as sharp as i used to be. my wife introduced me to prevagen and so i said "yeah, i'll try it out." i noticed that i felt sharper, i felt like i was able to respond to things quicker. and i thought, yeah, it works for me. prevagen. healthier brain. better life. the tempur-pedic breeze° makes sleep...feel cool. because the tempur-breeze° transfers heat away from your body... ...so you feel cool, night after night. for a limited time, save $500 on all
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not been cooperating. >> from october to probably the middle of may, most of the air out here received less than three inches of moisture. a lot of the wheat that was planted on dry land one never spouted or germinated or if it did, it really didn't produce a crop to harvest. >> you can see why when you look around the high plains of western kansas. the wheat business is probably off by 50% in this part of the state compared to what would be a normal year. this farmer has never seen the business this bad. she says her land went 300 days without any water at all. >> we'll have to make a decision soon to hang up the keys to the tractor. is it worth it anymore.
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>> that's a tough call. you look at the field here. looks green to you. all the recent rain that has come in, all it has done is sprout up the weeds. this should be wheat. it's basically all weeds. so the rain came too little too late, neil, to help the wheat crop this year. the farmers are hopeful maybe the fall, corn and other crops will fare better. it's been a tough year to be a farmer in kansas. neil? >> neil: thanks. while connell takes a look at food and food crops and the rest rocketing, mortgage rates are sliding. they're really falling. you buying? (fisher investments) it's easy to think that all money managers are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments) never at fisher investments. (other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so we do better
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when clients do better. that might be why most of our clients come from other money managers. at fisher investments, we're clearly different. ♪ so i climbed into the cab, and then i settled down inside ♪ ♪ i've been everywhere, man ♪ ♪ i've been everywhere, man ♪ ♪ of travel i've had my share, man ♪ ♪ i've been everywhere ♪ ♪♪ it's still the eat fresh® refresh at subway®, and now they're refreshing their classics... with a classic! refresh
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feared slow-down that will come with the rate hikes. but it certainly is driving down mortgage rates. what do you think? >> well, i think the backdrop here is the federal reserve almost certainly has to lean on the housing market. a, because it's a big part of the inflation problem. 5.7% in shelter. that's a third of the consumer price index. b, the tools that hit houses. they're also switching from buying about $30 billion a month on mortgage backed securities to selling off. that's a big swing in the amount of government capital getting injected into this market. having done that, rates jumped up as you said and they shut down to refinance market. it's gone. the purchase market is gone about 15%. we've seen mortgage interest rateses come off a little bit. the reality is, they will
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continue to raise rates until they slow down the rate of inflation and housing and the building of housing and the slow down of the economy as a whole. so this little respite probably doesn't mean a big change in the big picture. >> neil: what is interesting though, the federal reserve doesn't control all rates. obviously short term rates that they've been ratcheting up. they'll go up another .75 points. maybe the bond mark is saying we think this will slow things down. things will just slow down to the point that eastfer you're looking for a house or refinancing one you're in, you take a chance to leap at that or you don't. something tells me even though they look more tantalizing that they once did, people won't lead at them. >> i suspect you're right. the one thing i'm sure of is it will slow down. that is the game plan.
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if it didn't slow down, the fed would lean harder. it doesn't have great sort of ways to fine tune the economy. all they can do is raise short rates. the higher short rates get built in to the economy. so they can't really single out car loans or single out mortgage interests or any particular kind of credit. they'll make it more expensive and see where it lands. >> neil: do you look for a housing crash? i don't think twit be a meltdown, or do you see a slowing? >> i don't see the big price crash. there's no evidence of widespread flipping of phenomenon. there's a lot of people chasing small supply and the fed is going to slow down the number of people chasing that supply. that's their goal.
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>> neil: doug, good seeing you again. as doug was wrapping up there, we're learning that elon musk might be rethinking this deal to buy twitter. that deal is in serious jeopardy, that one of the issues that cited by the world's richest man, the spam accounts that twitter is not verifying that they're being very slippery on exactly how many of their customers are essentially real. others are interpreting the latest developments that he's getting cold feet or serious doubts about purchasing it at all. we'll explore this after this. and doug. ♪ harp plays ♪ only two things are forever: love and liberty mutual customizing your car insurance, so you only pay for what you need. (emu squawks) if anyone objects to this marriage, speak now or forever hold your peace. (emu squawks) (the crowd gasps)
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♪ ♪ >> neil: twitter after hours trading and the stock sinking like a stone. the word elon musk is having serious doubts about buying the company right now. and but investors in recent weeks with elon musk with serious doubts with number of real customers and those using the service. twitter actually have and whether just spam or fake. be that as it may, these issues have been paramount enough, here now, they had frozen activity and may not pursue the company. it is a little too early to tell. $44 million deal on the table.
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charlie, what do you think? speak with the story in the post is a little thin because a lot of the stuff was no purity was talking about he wants to pay less. his own stock from tesla would finance the trade is getting crushed, as you know. he's got some problems with tesla so obviously over the last month been jockeying to do something to lower the price dramatically or get out altogether. >> neil: is this a legitimate issue? in other words the spam and accounts, how many customer accounts do you have, twitter? he must have given them under diligent information. he either doesn't buy it, believe it or trusted, what is going on? >> he passed on due diligence initially. that is a little bit of a problem. >> neil: by the way, that could open him up -- >> i think it is more than that. if you go to a federal judge and
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say, listen on due diligence, he has to prove that they are lying in their disclosures about the spam accounts. if he does have the ability to prove that, twitter is in a lot of trouble because they put that in the official documents and the price of the stock cover reflects that. >> neil: but if he doesn't, charlie, you talk about the $1 million break away but it could be substantially more than that. >> if he doesn't and twitter, no deal, what twitter will likely do and we have spoken to lawyers about this, my producer, they will take him to court and try to get a court order to impose the $44 million -- $44 billion price. if a judge does issue a court order for him to do that, you know, he's either got to comply with that or he goes to jail. that is where it goes from here. now, there is the possibility this is old jockeying to take
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the price down to may be from $54.20 billion, down to $34.20 billion. it comes a fast tesla stock the timing of the story that tesla stock is getting crushed. tesla is no longer the number one -- >> neil: now they will be the currency for their purchase. >> absolutely. and i do know recently, recent weeks it is hard to tell where the reporting might end. he was talking to people about doing creative financing. i guess the big get here in this story, stop talking to bankers leading people to believe he wants out or doing something. i think you have to wait and see. remember, the market is always discounting this. >> neil: that's right. his own stock is a lot lower now
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than twitter. and both are getting double whammy here. >> remember, he did something pretty rash. he said i want to buy twitter. i'm not going to do due diligence before i put this up. elon musk might be forced -- he might force him to go through with it. it is not a theoretical possibility. he might have to pay or pay substantial amount of damages to twitter if he can't prove that the spam accounts are -- if he does prove that, twitter is in trouble. you know, we will be reporting this story for a long, long time. i wonder what the timing is pure of the time he is really interesting there. listen, obviously good newspaper, "the post" but something is coming down real soon. it seems to me that, you know, at the very least, he wants to renegotiate the price.
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but if he backs out of this thing, man, that is when the fireworks and corps began. >> neil: charlie, thank you very much, speaking of which as charlie is wrapping up there "the wall street journal" reporting that twitter laying off a third of its talent team. we don't know how many are on the talent team. generally, just employees but a third of them are going. here comes "the five." ♪ ♪ >> greg: i'm greg gutfeld with jeanine pirro, harold ford jr., jesse watters and a cocktail at the beach, dana perino with "the five." joe biden is turning into the democratic party pariah. the president sinking in the polls. he's being trashed by allies and the press and now members of his own party don't want to be seen
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