tv Cavuto Live FOX News July 9, 2022 7:00am-9:00am PDT
all right! you won, bud. [laughter] he told us in the break he had three moves and he was done. iowa ray congratulations. by: good job, buddy, i'm proud of you. pete: by way, tomorrow, amazing. our saturday was great. ♪ ♪ neil: who knew this song was an ode to a billionaire? elon mucks' potential break-up with -- musk's potential break-up with twitter, abandoning that $44 billion job after he said the company failed to provide enough information about the number of so-called spam accounts. twitter is now saying this isn't over, and he's just trying to wiggle out of the deal, but did
this deal ever really start? is was it ever really, well, real? did elon musk ever truly intend to buy out the company, and if he did, what happened? and now what happens? welcome, everyone, i'm neil cavuto and happy weekend and not if you're a twitter shareholder on news that elon musk is quitting. the latest from kelly o'grady out in los angeles on what went wrong. >> reporter: hey, neil. what a roller coaster, right? elon is claiming he has grounds to terminate the social platform because they failed to provide key information and that the company appears to have made misleading statements during their negotiations. now, this really all comes down to the number of spam bots on the platform. the reason bots are so important is musk has made no new attempts to grow the revenue, and that risks on act -- rests on active users. all indications suggest that several of twitter's public exposures are either false or
materially misleading. it appears twitter is dramatically understating the number of spam and false accounts. can he legally walk away? there's a billion dollar break-up fee, but the tesla ceo could face far bigger consequences if a bitter legal battle ensues. musk has waive -- had waived his right to poke under the hood, but if his team can prove twitter intentionally misled, transaction lawyers tell me he does have cause. it'll be tough. and if the social platform did lie to the sec, they're in trouble with them, shareholders and potentially with advertisers. >> the reality is twitter sells views, and if those views to advertisers are not real people, then they have been defrauded. and so those, the potential for those claims exists. >> reporter: now, for all this
talk it could also be a ploy to negotiate a eloper price, okay? the stock closed 32% lower yesterday than missing's offer price, and it's trading each lower in after hours. we've seen dramatic -- before to back twitter into a corner, and the stock is going to be this freefall in he does walk, and the board does know that. neil: you know, kelly, obviously, a lot of twitter workers with apoplectic the, you know, many tweeting about it pretty much along the scenes this guy screwed us, and he was intending to do that all along. how bad is this getting? >> reporter: yeah. i mean, i've talked to a number of folks at twitter, and they're very frustrated because they feel like they've just been thrown back and forth. a number of people have left the company, a number of people had been laid off prior to this, and it's not just twitter employees, it's twitter shareholders. they could have sold a while
ago. it's hard, everyone's saying, oh, he's trying to walk. i think the only thing we can say right now is he's committed to not paying $44 billion for this. neil: yeah, that does seem to be the case, because it's a long way from the $54.20 offer he had on the table. kelly, great reporting on this, i appreciate it. let's go to charlie gasparino who's been following the behind the scenes machinations and what do you think of that, charlie, that this might be his way of scrapping a better deal? >> i've been saying that for a long time. i mean, it's widely known he doesn't want to pay $54.20. now, you've got to try to get a little bit into the mind of elon musk here, what he's weighing. first off, this isn't a guy that looks at balance sheets and dives into companies. a lot of this is instinct. the instinct immediately was i can make work, this twitter work, buying twitter work. and that instinct was hit when
his, his stock in tesla are was at pretty high levels, okay? since that time -- and his timing has been remarkably bad -- tesla shares, that's the currency he's going to use to pay for twitter, have gone down. so he is under pressure to pay less for this. i will say this, the bot thing is interesting if he really does have evidence. if he doesn't have evidence, i could see a federal judge, you know, slamming this guy because, you know, what he essentially did was he waived due diligence, he said, he said it was his last and final offer. he has a record of throwing numbers out and making material statements that are probably, i'm being generous when i say this, are not accurate. some would say they're lies and false. remember, i'm taking tesla public -- private 4/20 and i've got the finances? neil: right, right. >> so, i mean, he's on very thin
ice with courts and regulators, i would suppose. again, if he has the goods about twitter and the bots, he's going to have to show it. and if he doesn't, you know, he's in a legal bind because it's not the $1 billion break-up fee, it's damages, it's -- neil: oh, yeah. tesla has a lot at its disposal, but the tesla's a more desperate sort of plier here, right -- player here, right? legally, he might want to strike a deal or find a middle ground on this. >> you said tesla, you mean twitter. neil: i apologize. >> you're right. twitter, and that's the sort of problem that twitter has. if elon is out of this deal, because there's no buyers. we reported this hundreds of times. there was all these stories about when he was pitching it initially that, you know, the private ec by firms -- they're not. neil: what about those other potential helpers? larry ellison comes to mind of
oracle fame, that he was ponying up a lot of dough for this. they've got to be -- >> i don't know. they didn't give -- neil: i know. >> part of the deal, they were there to help. apollo was in for debt financing. neil: you're right. >> i think the thing is this, there are two parties here. one party has to prove that twitter actually did something extremely illegal. not easy, right? because they've been saying what their bot were in public feelings for -- filing for a long time. the other party knows there's no buyers for this, right? so if they don't reach a deal at someplace in the middle, the stock could go down to $20 a share. i mean, that is a reality -- neil: what changed here then? charlie, what changed? i'm sorry to jump on you, my friend, but is it him looking over his shoulder, his tesla stock is down anywhere from $60-80 billion just with the collapse in tesla shares. they've since rebounded.
i think they were up 10% last week, but that was one of the things he didn't appreciate, the impact the tech selloff would have and maybe doubts about this acquisition. >> listen, i'm being completely rational when i say this, and his mind is not totally rational. but if you are being completely rational, chart exactly where tesla was trading the minute he said last and final offer and where it is today. that would tell you why he's been doing dance that he doesn't believe in it, the bots are there, it's not worth the $5420. that would be the rational -- 54.20. but, again, this thing has not played out. this story's going to be going on for a while. and if you were to bet -- and, again, the betting is that suppose a federal judge comes to him and says you've got to pay $20 billion as part of a settlement. is it worth walking away and getting nothing for paying $20 billion? i mean, that's kind of what is
going to be played out, you know, how much will a federal judge ding him if he can't really prove the bot thing, which he probably can't. it's very hard. so the question is, how much do you want to pay to get something versus having obey and get nothing. that, that's gotta be in his calculus right now which is why a lot of people hi they're going to settle in the middle somehow. neil: charlie, if we can, we learned he has two more children, twins, with a former worker. i think he has nine over course of relationships with three different women. he gets overly scrutinized on this sort of stuff, i get that, more than others would. but it was combined this past week where he's been in the business press, social media press, they've been tweeting about it having nothing to do with the deal as well. do you think he just draws more controversy with this? >> well, you know, this is a guy that counts it too, neil.
i mean, i wonder if he cares, you know? neil: true, very true. >> you know, twitter -- tesla, you know, not too long ago was ready to file bankruptcy, and he escaped. so, you know, here's one thing i do know, that gamblers that win a lot in the beginning, which he's kind of that type of gambler, their luck often runs out somewhere along the line. i've seen it on wall street, and i can see it here that, you know, maybe he's going to the well, pushing things way too much. and then trying to escape this deal after waiving due diligence, after saying last and final offer, after -- and then trying to come up with an excuse about bots that is not going to be easy to prove, maybe this is, you know, his lehman moment so to speak where lehman gambled so many times, bear stearns gambled so many times and won in the past that the last gamble is
where they lost it all. i tell ya, that's kind of what i'm seeing here. if you look at how many times this guy's gotten out of jams where you thought he was going down,, you know, in flames, it's been a lot. that whole thing about saying i got a deal at 420 and it's going private without any evidence, i mean, that's, that's pretty serious stuff, you know? it moved the stock, people made money and lost money. you know, it is not a good thing to keep going back to the well with stuff like this. if he doesn't have evidence of a real bot problem here, neil, you know with, that's going to be an issue for him. neil: yeah. he might have to pay up. charlie, thank you very much. charlie gasparino. as charlie and i can both tell you, he's been counted out so many times, and he's become the world's richest man, so there is that. by the way, the investigation into the assassination of shinn shinzo -- shinzo abe, the former prime minister of japan, is not
over as well. we're learning about a security detail that really wasn't up to the job and not enough security agents on the job at the time. and all of this in a country of 125 million people for which crime is simply almost not an issue. just to put in perspective, in that country of 125 million people, gun-related criminal cases last year, 10. ten individual gun cases and some of the strictest gun laws on the planet if. after this. shop the lowe's bath style & save event now. in store and online. my a1c stayed here, it needed to be here. ruby's a1c is down with rybelsus®. my a1c wasn't at goal, now i'm down with rybelsus®. mom's a1c is down with rybelsus®. (♪ ♪)
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this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes. each, with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you. neil: all right, taking you to japan right now where the body of the former japanese prime minister, shinzo abe, the longest serving prime minister in japan in post-world war ii history, returning home to tokyo after he was assassinated during that campaign speech yesterday. all of this at a time when a lot of japanese are asking how could it happen here, forget, you know, a former prime minister in
a country where gun violence is virtually unheard of. i mentioned before and some of you were surprised, i get it, 125 million people in that country, only 10, count them, 1-0, gun-eled criminal cases all of last year. it is virtually unheard of there, so what happened here? susan li has more. super. >> neil, japan's still coming to grips with the shock assassination of the country's longest serving prime minister. now, the suspect in this case is an unemployed 41-year-old former navy-trained member, and he has now confessed to the killing. japanese media reporting he was motivated after his mother went bankrupt donating to a religious group that he believed abe was promoting. now, questions are emerging over security and how the gunman was able to fire a crudely-made weapon just a few feet from japan's most prominent politician. abe did have security detail. he's one armed police officer
was on site, and experts say that the lax security is a result of japan's all rah a-low crime rates which hit a new post-world war ii low in 2020. of course, the latest government statistics, only one gun death reported in all of last year. now, a night vigil will be held monday, and the funeral will take place on tuesday. abe, we know, is japan's longest serving prime minister, nearly nine years in office over two stints, regarded as the most prominent politician in postwar japan. he's also seen as a strong pacific partner for numerous past u.s. presidents. abe's legacy also includes bold attempts to revive japan's stagnating economy. he brought women back into the work force, but abe wasn't without his controversies including an attempt to change japan's pacifist constitution to counter what he saw as a rising
chinese threat. also a controversial shrine visit which angered south korea and china and honored a number of war criminals from world war ii. i interviewed abe in the asia-pacific, and i found him to have -- to be a very modern, a very thoughtful prime minister, helping the country hold its own in the region and also globally, neil. neil: thank you for that, susan, very much. susan li. want to go to a former secret service agent. dan, there's a lot we're trying to piece together after the fact, but one thing, how unheard of this sort of thing is in japan, let alone the former prime minister, but anyone period. gun violence is virtually unheard of. do you think that that sort of back drop here explains why people maybe let their guard down? >> it's somewhat the culture of the japanese, neil. it is, the situation over there where there's not a great deal of crime, guns are illegal. no one may actually own a
handgun or a rifle in japan. however, the security people should still be training for those things. in the world of executive security, you have a couple of axioms that are not negotiable. one, of you have to have 360-degree coverage around your protectee all the time. i believe that broke down. you also, you have to be able to cover up your protectee and run away with them at the first sign of trouble. now, the initial round went off from behind, and there was a several second they are befor the second round was, went off. the detail leader should have, at the end of the first round, had prime minister covered up and evacuating him out of the area rather than just standing there. so it was the lack of action on the part of security which actually caused the final disposition in this case. neil: there is some stuff, smartphone video of the asaws
mission if that's a bit too graphic, over the topographic to show here. but what's really clear is that a shot was fired, and abe became aware of it, looked over his shoulder. and the reaction wasn't quick enough to get him off of that stage. and a follow-up shot and another one after that, obviously, took him out. so it's easy to play sort of monday morning quarterback here, but it comes at a time when people are beginning to wonner could it happen -- wonder could it ap happen here. it's been a long, long time since u.s. politicians former or otherwise have been targeted for such attacks, but it isn't out of the realm of possibility given the extreme nature of, you know, on the right and the left and how this could get worse. what do you think? >> well, the united states secret service, neil, not only realizes it's a possibility, but the it's a probability. anytime you leave a secure environment with your protecte e e, you're asking for trouble.
so when the president of the united states goes anywhere, a thorough advance has been done ahead of time. i don't see that in this situation. it doesn't appear that the japanese did much of a security advance in this particular instance. the american secret service has learned the hard way going back to john f. kennedy. we no longer drive presidents through downtown areas in an open him mow. neil: right, right, good point. >> after the reagan assassination attempt where john hinkley was standing squarely in the middle of the white house press pool, we no longer allow people in the area that have not been checked, evented and screened. and so the japanese, unfortunately, have learned the hard lesson in this situation and, hopefully, they will revamp their training and procedures. neil: dan emmett, thank you so much. there's still so much we don't know. obviously, beefed-up security not only for the president, congressmen, senators, governors and the like, even former
politicians as was the case with mr. abe who had been out of office for two years, and this still happened. we'll be exploring it a lot more with mike mike pompeo, he's going to be joining fox news live in a couple of hours from from now. of course, he has been threatened and has around the clock security because of just that. after this. than just an investor you're an owner. that means that your goals are ours too. and vanguard retirement tools and advice can help you get there. that's the value of ownership. 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, about that recession, maybe not. in the latest period, we saw unexpected job growth. in fact, we're running at a pace of still almost 400,000 new jobs every month, unemployment ramping -- matching that post-world war ii low, around 3.5%, and we're separately learning there are two job openings for every unemployed
worker. if that is the backdrop for an economy going to hell in a hand basket, doesn't appear to be case. others are saying it's just a matter of time and the market seems -- certainly last week, one of the few up weeks -- that we will dodge not only a severe hit to the economy, but maybe thanks to the interest rate hikes we're seeing, maybe the fed saves the day. who knows? gary kaltbaum is here, ann barry is here. ann, let me ask you this, are we overstating the doom and gloom end of the world, recession is here argument? >> i do think we are, neil. technically even if we are going into recession and the definition is two consecutive quarter withs of gkp contraction, i'm a little bit more conflicted on the longer range outlook. we don't know enough yet about global demand, domestic growth we don't have clarity on that
yet. but for the moment, it looks as though the jobs landscape is holding up. i think it's too early to tell the. i'm not catastrophic on the spectrum of expecting a recession, but i'm growing cautious at the end of the day. neil: all right. and we are looking at the market friday. throughout the week we had a very strong week for all the major markets with the nasdaq up about 4.5%, about 1% for the dow. gary, you know, the markets are probably confused by all of this. are you, or is it a tale of two worlds and which wins out? >> well, hopefully the job market wins out because that's everything. a person with a job, an american with a job is everything even though statistics are statistics. and, look,ing i think the first two quarters by definition we're in recession. but the things i'm worried about and that are standing out is savings ratings -- rates are plunging. we're still at $4.70 for bass
and we're paying up for a lot of things. more mortgage rates higher, so i think there's a real fine line here if we lose the employment situation. i think then we have big trouble. so fingers crossed. if employment stays in good shape, i think we'll just have minor league recession and we'll probably come out of it. if employment starts to head the wrong way, i think there's big trouble ahead especially when you have a leveredded economy and a debt-ridden economy. neil: katherine, let me pursue that with you a little bit. to his point here, we are seeing companies begin job cuts or at least slowing hiring, that's something we weren't seeing a while ago. we're also seeing mortgage activity decline and home sales with it, down 9% year-over-year. having said that though, retail sales even though they've been declining remain remarkably strong, so which is it? >> well, we are entering
recession regardless of what the data says, and i as well as the fed see unemployment rising to 4.2%. the fed is one of primary reasons that we have level of inflation because it went long in the tooth in terms of its stimulus. remember, neil, that the fed has a dual mandate, full employment and 2% inflation, and it overstayed its welcome on the employment front. it explicitly stated, neil, that they needed to support the labor market when, in fact, it was already at full employment. so the fed if needs to stamp out inflation that it itself partly caused, and i think the only way they do that is with economic contraction. so last week's data came out basically say,, you know, the labor market is still strong, the fed is going to have to hike rates. we are going to enter into economic contraction, and even if the labor market shows the consumer's the still strong, the consumer is hurting. the real economy is hurting. and people are suffering.
i spoke with a propane salesman just yesterday who said people are -- low income and middle income people are having to choose between energy and buying their medicines, and it's really a problematic situation especially with inflation. consumption is two-thirds of the u.s. economy, and as consumption goes, so goes the u.s. economy. and the consumer's hurting. neil: to your point, propane has doubled in the last year, that's a very good point. but, ann, stepping back from it all, the markets are fascinating to watch these days because good news can be interpreted as good or it can be interpreted as bad. so a strong employment report reinforces the notion the federal reserve is going to hike rates at least another three-quarters of a point later this month, probably another three-quarters of a point in september. where are you on this in how high rates go? >> i'm not sure that a 7. 5-basis point hike in september for the following reasons: some of the components of inflation, the pressures that we've seen
from gas prices, oil prices and macro-level, we've seen those prices start to come down as you look at commodities that have been training. some of the supply chain shortages have been driven by shutdowns in china. we are seeing supply chains open back up. and you referenced earlier on we've seen these big retailers who have now got gluts coming into their stores because they've got too much inventory which will bring a little bit of downward pressure on pricing. need to start seeing food prices, we need to see wheat getting released out of europe given the ukraine situation. so i think we've got 75 points coming, but i think around labor day i think these supply chain macro issues are going to determine what happens next. neil: all right, don't wander too much, because i want to pick your brains in the next hour. in the meantime, i want to draw your attention to the nation's capital right now.
a lot of the so-called roe v. wade post-supreme court decision protests are being planned. you might have heard the dust-up of protesters picketing outside morton's steakhouse where justice kavanaugh was having dinner with his family. the justice had to leave through a back door. now they're i sawing you're over the top, and they have a bone to pick with mortons. after this. replacement pays to e it with a new one of the same make and model. get a whole lot of something with farmers policy perks. ♪ we are farmers. bum-pa-dum, bum-bum-bum-bum ♪ [sfx: ding] [message] hey babe, meet us at the bottom of the trail.
>> for god's sake, there's an election in november. vote, vote, vote, vote. neil: all right. the president make it clear to those in his party very, very upset, a number of other americans, particularly american women who a after, of course, the roe v. wade decision, the president urged, well, you could change this by voting for people who are more inclined to reflect your views. how now, of course, that depends on 40 those people are -- who hose people are -- those people are to overturn the court's move to try to vitiate this from the highest court in the land. easier said than done. chad pergram has more on where that's going. >> reporter: good morning, neil. well, you know, the issue here is that the president is trying to energize his base. he was taking heat for not doing enough on abortion, and that's why he issued the executive order yesterday and is also hammering the supreme court. >> i don't think the court, or for that matter the republicans
who for decades is pushed an extreme agenda, have a clue about the power of american women. but they're about to find out, in my view. it's my hope and strong belief that women will, in fact, turn out in record numbers to reclaim the rights taken from them by the court. >> reporter: the president is limited in what he can do on abortion. one problem is the hyde amendment. it bars federal money from going to abortion services. but the president has a megaphone, and he's intent on making this an issue in the midterms. >> the scotus decision was not driven by the constitution, it was driven by political, an extreme, raw political power, a decision that was made. he disagrees with that decision, he thinks it's extreme. >> reporter: now the president, he basically says here that the supreme court is a problem. he wants to make supreme court a wedge going into the fall. now, a little bit later here today, about noon eastern time, we expect some women's groups to
come and prothe abortion decision here at the -- protest the abortion decision here at the white house. the question is whether or not the abortion issue will overweigh, outweigh the economy as we head into the fall. neil: all right. has the president really spoken though, chad, about these protests that are deemed peaceful whether they be outside a mortons steakhouse in washington where you have justice kavanaugh dining, there's no condemnation of that. what are we to learn about whether the president gives his blessing? >> reporter: well, that's been one of the criticisms from the right. they think that the president should be more outspoken. you've had these concerns about the man who came to the home of brett kavanaugh just a couple of weeks ago with a threat to kill him. they thought he should be more, you know, issue more condemnation there. and this is something that republicans on capitol hill have talked about, you had the incident at the steakhouse the other night, and there was a pretty good back and forth
between karine jean-pierre and peter doocy about this yesterday about what is the role, do protests stop at the steakhouse doors. a lot of people would say, frankly, no. neil: chad, thank you very much. john hu joining us, former deputy assistant attorney general. john, always good to have you. where is this going? the president can only do so much, but he's clearly trying to set up maybe by trying to get fill filibuster blown up that a simple majority of senators can say, all right, roe v. wade is now enshrined as the law of the land. a couple of democratic senators don't support that, but where do you see this going? >> god morning, neil. i think you laid out -- good morning, neil. i think you laid out the basic rules to of the game now. what president biden cannot change is the fundamental change in course of direction by the supreme court that this is now a
matter for states, state legislatures. when he goes out there and says vote, vote, vote, what he should be saying is vote for your state legislators. voting for these midterm elections even if democratic majorities are returned, can't change that much. the court has really changed the hard wiring of how abortion is going to be decided in this country. what he can do are marginal things. his executive order, liberal groups might be unhappy because it really doesn't do that much. the only thing it might to is it might try to push to make abortion pills available in states where abortion is banned. that could spark a lot of legal challenges that could go to the supreme court. trying to change the filibuster, i wish president biden would stand up for institutions like the supreme court, like the independence of the judiciary, like the justices' privacy, being able to eat at morton's steakhouse and not by demanding that congress try to overrule dobbs and restore roe v. wade which the constitution, i
believe, forbids congress from doing can anyway. neil: yeah. you might not like a court's decision, but to take could be the entire court itself is another leap. but let me ask you, john, a little bit about what the president wants to do. you mentioned the so-called abortion pill, whether you could buy and order them over state lines particularly in states where they're banning abortion, that could be a legal row for quite some time, right? >> that's right, neil. i think this is a clash that we haven't really seen before get to the court, which is suppose as the fda has held, the federal government says these pills are safe and effective, but suppose states, i expect a number of states are going to ban the use of those pills. and so this is actually a question that comes up with a lot of product, and so when the federal government says something is safe but states don't want to allow their use, i bet that this supreme court given the way it ruled in dobbs is not going to allow the federal government to force those pills into states that
banned abortion. but i think it is a question, a new legal question that's going to, as you said, neil, cause years of litigation. and i bet it'll eventually have to be resolved by supreme court. neil: much has been said and run about -- written about how the court is flexing its conservative muscle here, but that this is going to maybe prompt as your old boss, clarence thomas, had indicated on some decisions involving, you know, gay marriage to a host of other issues going back to contraception and all that. where do you see all of this going? >> that's a good question, neil. i think you are, as you said, seeing the emergence of a court under the leadership of justice thomas and justice alito, definitely much more conservative than chief justice roberts. chief justice roberts failed to build a consensus to preserve roe this year. he might see that they are willing to re-examine -- they're not saying they want to get rid
of the right to gay marriage, get rid of the right to contraceptives, but they want to reduce the use of these older, liberal precedents and see where they fit in the text and history of the constitution squarely just like the right to -- just as the analysis they used on dobbs. neil: interesting. john, thank you very much for coming in on a saturday, always appreciate it. john yoo. we have a lot more coming up including we're from the if government, we're here to help. remember when ronald reagan would say that? from pete buttigieg, a promise of a billion dollars in aid to furbish a lot of big airports, and a lot of people stuck at those airports are saying that's all fine, but what about getting my damn flight? after this. ♪ oh, i want to get away, i wanna fly away. ♪ yeah, yeah, yeah ♪♪
♪ neil: the airline industry through covid received better than $50 billion of taxpayer support, understandable at the time when their whole business ground to a halt because of covid. but what did they do with that money, and how were they not prepared for the demand that would inevitably come as the economy got back and people got back to flying? >> that's right. well, tens of billions of dollars of taxpayer support went to these airlines for the purpose of keeping people in their jobs, and part of the idea was if we keep people employed, that means that we'll are have that airline sector up and running for when demand comes back. now the demand has come back faster than most people thought possible. neil: well, that's an understatement. it is what it is. so we get into the mechanics of how it got here, but how do we get out of here with delayed flights, canceled flights and people just going nuts at the
nation's airports? bobby, you see firsthand how people are reacting to this, none too pleased when a flight is canceled or they have to go elsewhere, sometimes no other options for them. what do you tell them? >> neil, thanks for having me back. you know, that's really an interesting question because, you know, just like pete buttigieg just said, the airlines took the money to keep the employees employed so that when travel rebounded, the airlines would be ready for it. but what the airlines also did was incentivize people to retire and retire early to help weed out hair payroll and then -- their payroll and then keep some more of that money. now we're in the situation where folks are stuck at the airport and, unfortunately, there's really no other options except wait for the airline to find you another flight to get onto if you are delayed or canceled or to rye to rebook yourself. neil: a lot of people say it's the easier said than done, you did have good ideas when last we chatted, but a lot of people say, you know, the hell with
this, i'm just going to drive which is hard to do if you're going to london or paris. but i'm just wondering whether this sort of, you know, this surge in air travel, puts a dent in it period? >> you know, it's interesting because for the last couple of weeks what we've seen too are airlines blaming the faa for the delays, and then the faa pointing the finger right back at the airlines. i took a moment and took a step back to really look at what's happening here because airlines, although there is a rebound in travel, they have brought back some of their schedule. but the schedule is not 100% back to what it was before the pandemic started. so the airlines are saying that the faa just can't handle the amount of flights that are scheduled to fly, but that can't be true, because they were handling a lot more than this. but on on the flipside, the airlines are saying a lot of the delays are due to weather issues that then the faa institutes a ground hold or a flow control program so that they space out the airplanes that are taking
off and landing a little bit further so that this way it's more safe to take off and land. so in that situation, yes, you're going to get an faa delay, but at the end of the day, you're going to get to where you're going faster than driving. neil: we'll see. bobby, thank you very much, my friend. we're learning a lot more about the shooter and the shooter's family in illinois, after this. in
from watching you, by downloading the app today. duckduckgo: privacy, simplified. every search you make, every click you take, every move you make, every step you take, i'll be watching you. the internet doesn't have to be duckduckgo is a free all in one privacy app with a built in search engine, 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, we are learning a lot more about the illinois shooter, and some of the details are over the top hot just two prior -- not just two prior visits by police a couple of years ago, but now they have at least nine such visits to
2010-2014 for a number of domestic violation incidents. danny coulson with us right now. danny, thank you for joining us. we're learning a lot about the past and some of the visit after visit of police to the shotter's home, his parents' home when he was little more than a boy. and i'm just wondering how none of this put him on radar for authorities or entered him or his familyly into a data base for which security officials should have been aware? >> well, i take what you're saying, neil, but isn't this typical? neil: yeah, you're right. >> we've heard it at pulse, we've heard it at the school shootings. and i like, to a degree i like red flag plus, but they fail -- laws, but they fail. what should not fail is the police ability to deal with it. that's the real issue i think we should be talking about. white didn't the police -- why
didn't the police prepare to hold the high ground? you never give the opportunity to a bad guy to get you on the high ground, and they didn't do that. they didn't get ready. and i think a lot of what we're seeing now is a result of defund the police, indict the cops. cops are doing nothing. they're standing back wringing their hands, trying to protect their own interests instead of being aggressive police officers, aggressive police managers. we just saw a situation in uvalde where a policeman had shooter in the sights of his rifle and asked for permission to shoot him. why'd he do that? we all know what the law is. but they're afraid to do anything. we've made our cops imto tent d impoe tent. it's easier to do nothing. i'm not trying to change the topic, i'm just saying there's more to the subject than red flag. it's what we're doing to our cops. we don't recruit the best cops anymore because we can't get them, number one. and number two, when we get them in a legal position, we indict
them. look what happened to the border patrol agents. they're going to be disciplined, suspended for doing the right thing and following the law. neil: yeah, talking about the border patrol agents on horseback which we're going to get into in the next hour. let me ask you about the dad here who now apparently could also be brought up for charges in this, and a lot of it goes back to an august 2010 police visit to the house in which the father was allegedly drunk, and he and his wife were arguing. it turned violent. how does that not get relayed? very quickly. >> well, i did, it did, but it was an issue for the father. the police have to deal with the law as they get it. we have a total failure of our mental health professionals here. we don't put people in institutions and treat them. we give them a pill. they don't take the pill, they load their rifles and go shoot people. and it's a huge issue. you and i could do dinner on
this about five nights in a row and talk about all the problems. that's what we're talking about here. neil: yeah, i hear you. danny, thank you very much, danny coulson. we told you about this review that found the border patrol really didn't hit migrants, of course, you heard about that, but the president is pushing to punish them anyway. why? after this. ...
>> all right. these images were the rage all over the world. a year's long investigation has found no evidence that agents on horseback whipped migrants despite many who claimed otherwise and that it didn't look good. and president biden was among those who said this was horrific. and what the administration termed unprofessionalism on the job. and even though, they've been vindicated. it's as confusing as everything
going on at the border so just add it. bell melugin is there. >> good morning to you. it's been nearly 10 months since this incident happened back when the media, politicians and even the white house falsely accused these horseback agents of whipping of haitians. there was no evidence that migrants were whipped or struck, however, they announced they're going to discipline four of those horseback agents for alleged violations, working in an unsafe manager and one agent they said used derogatory language and maneuvered his horse in a dangerous way near a child and the others used threat of force to drive migrants back into the rio grande and they've been notified of their disciplinary,
and many told the agents are facing unpaid suspensions up to 14 days, but rewind the clock to last year, remember, president biden falsely accused these men of quote, strapping these haitian migrants and promised these people will pay. there will be consequences. the president's allegations were false and the president of the border patrol union says he needs to apologize. >> this president refuse toss take any responsibility for anything that he does, including false statements that ruined agents' careers. >> in the meantime, migrants continue spilling across the border in texas and take a look at video late yesterday afternoon in eagle pass. this was part of a group of approximately 300 that crossed during blistering hot temperatures, about 108 degrees when this video was shot, predominantly, venezuelans and cubans coming across many of the migrants struggling in the hot temperatures. we saw some of them actually
kind of falling down and having to get back up. there were only a couple of border agents to process them. we look at more video we shot from the ground of these enormous groups and we've seen them in this spot every day since we've gotten here. the other day, 540 in this spot and 200, 300 yesterday. the del rio sector continues to get overrun and overwhelmed and border patrol simply does not have the capacity to deal with these numbers multiple times a day. back out live again, pushing into mid july now, the temperatures are sweltering, it goes to show this border crisis is not seasonal, and it does not slow down during the summer months like the white house first claimed when this began early last year. we'll send it back to you. neil: bill melugin, thank you. congressman, we're told that this isn't over here, as bill was touching on, that the they
didn't have far enough in the investigation, reach far enough and some individual members even though, as a group they've been exonerated could be targeted for further punishment. what do you think? >> this is a colossal reach from the get-go, i've worked on the border and worked with the people side by side every day and following orders. they were placed into the situation because of the administration having an open border policy. they weren't trained in crowd control on horseback and they were told to go there. they were exonerated and from the beginning they've been convicted by the court of public opinion and leadership and homeland security. they had to do something to justify the fact that they were found innocent of the charges of strapping, whipping people. they weren't and now they've concocted a 500-page report to trash these people and at this point, i'm not sure any border
patrol agent would try to do anything to stop the flow at the border, if they do something like this happens. a terrible situation. neil: and we're showing it now, it's hardly back to normal, whatever normal is, such incidents are continuing, not the horse incidents here, but, you know, more trying to break through that border. and now we're told that it's possible that cvb can no longer, you know, use horses in the pursuit of migrants in an area where four-wheel drive vehicles, even they have a tough time through some of this geography and i'm wondering, then what? >> you know what, neil, if all they're doing is peeling back more and more the ability of the customs and border protection to do their job, and it's demoraliing to them and more dangerous to them. and in the brush, that's where the horses can go, and they're saving more lives that no one
knows about in the desert because they're on horses. this administration has created an epic disaster at the border and now they're going after their own, which is to me reprehensible law enforcement or lack thereof. neil: what's wild about it, regardless of your few of the subject, congressman, we're going after the people who are trying to protect the border than we are addressing the havoc at the border. it kind of seems backwards. >> it does, they started this crisis with the stroke of a pen on january 20th of last year when biden wrote back on many balances and signaled that the border was basically open. because they said they thought it was the triangle folks and that's not true. we've had 60 people on the terror watch list that have been seized and more have come
through, multiple times. people from 160 different countries and gotaways are die rocketing-- sky rocketing and the numbers are skyrocketing, and going after their own. neil: and representative katko sits on the committee. and wow, looking at pursuing the wrong folks and staying on top of what's happening across the pond. you know boris johnson of britain resigned and he wants to hang around until october and liberals and conservatives are saying we don't think such a good idea. but they don't have an alternative. and nigel, always great seeing you. what is the concern with johnson staying on until october? >> well, look, he's unreliable, he doesn't tell the truth, he's
got a weak personality, and as -- as prime minister what damage could he do between now and october? two things to say that to that, firstly, the conservative party organized a leadership of action that is over by the end of the august, so, the october thing just can't realize particular. and hey, it's going to be the summer recess and the summer holidays and secondly, i think-- i mean, look, boris has his faults. he's been brought down by his lack of truthfulness and lack of morals. but the idea is ridiculous and i say don't kick a map while he's down in terms of this, he's done some bad things and i would leave him there for the next few weeks, i would. neil: you know, nigel, what's amazing about your country, you punish politicians who lie, and
that's a crazy concept. having said that, how can they say, no, boris, even though we've had a number of your predecessors both on the labor and tories, you know, stay beyond their announced resignation is, in your case, we're going to make an exception. what is it about him that has them antsy? >> look, of course, the liberals hate him, he's actually not right at all. but he did back brexit and they can't forgive him. and conservatives can't forgive him because he was elected over conservatives. and he's ended up pleasing nobody. it's very-- remember, we don't vote for a president in the way that you do. the prime minister comes from amongst the majority of mp's,
be it labor or conservatives. our system is different. and the first comment there, this week, from washington d.c. sacked congressmen for lies, there would be nobody left in washington. [laughter]. neil: and this is my crazy musing here. i was thinking of johnson getting, you know, kicked out. but amidst the backdrop of run away inflation as around the world and people are frustrated by that and i harken back to richard nixon in this country. and it didn't help that we had opec embargo going on and gas lines and people fuming through all of that and let's say he greased the skids, i think, for his early departure. conversely, bill clinton in the middle of a stock market boom and an economic boom, he didn't
suffer so much because of that. and it maybe shielded him from more severe punishment. he got impeached in the louse, didn't go anywhere in the senate, but i'm wondering if the back drop of this, the sputtering economy and the rocketing inflation doomed boris johnson more than any of these lies? >> i get the point, but obviously in tough times people look for someone to blame, i get that and understand that. no, actually something more fundamental here, we're an old country and maybe we're old-fashioned in our attitudes. tell us a lie once, and we'll say, hmm, not sure about this chap. and lie to us a second time, remember, we had the party-gate where we were all locked down and couldn't see our moms and dads and they were partying to quote prince like it's 1999 in downing street and then a sex
scandal, and no one does sex scandals like the british and the world leaders at sex scandals and then over the sex scandal, and he's then caught lying again to the british public, and it's two strikes and you're out. neil: i guess. >> and i have to say, if we in the u.k. still have an old-fashioned view that our leaders must tell the truth, even if that truth at times isn't very palatable. i reckon that's a standard we should not give up on and maybe a standard we should export to america and the rest of the english-speaking world. i'm sorry for boris personally, i like him, but i fought him in the brexit campaign. neil: indeed. >> actually, high standards in public life are what voters and taxpayers, in my opinion, deserve to get. neil: well, we could do worse than to follow that example, nigel, to your very good point.
thank you, very, very much. the brits brought us beatles, "monty python" and maybe if they brought us telling the truth we might be onto something. an idea i am a throwing out there. shop the lowe's bath style & save event now. in store and online. this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes. each, with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you. dad, when is the future? 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.
>> some of the worst offenders, one way or another, continue to find themselves back out on the street. and if there's anything more frustrating to law enforcement officer than putting a bad guy behind bars who should have been behind bars, it's putting the same bad guy behind bars over and over again. neil: and that keeps happening right now and the fbi director christopher wray has had enough of it. and so, too, has the democratic mayor of new york, eric adams, who right now has been criticizing the manhattan district attorney alan bragg for his handling of a bodega worker who shot a guy trying to
rob the place. and jonathan, this is what we're talking about in the chat two weeks ago, yet, it keeps happening and it's not getting better, what do you think? >> you know, jose alba was defending him and it's classic self-defense. in united states of america we have self-defense. i passed the bar and i was born in new york. jose alba was outnumbered and two individuals were attacking him and one stabbed him and he was smaller and older than the aggressor, and self-defense. and 17,000 angelinos, republicans, democrats, independents, all actually came together and in one voice said george gaskon, we want you out of los angeles and we want
public safety back in our homes, our communities and our neighborhoods and i believe we're one step closer to here in los angeles of ending george gascone that he's fired and i hope in new york and other areas people realize enough is enough, we've had enough of progressive prosecutors who don't care about public safety, who don't care about law and order, who don't care about protecting the normal innocent person like jose alba who immigrated to the united states and he was at his work place and attacked. and that gascon is going to prosecute him with high bail. neil: and alba killed the person trying to attack him at his own bow bodega, he's still
charging him with murder and lowered the bail to $50,000 from $250,000. but he's still on the hook for this and i'm wondering when you start giving more rights to the guys trying to break into the place than the guy who owns the place, you're in a weird place. >> self-defense is an american concept, and it is a good and important concept, it has to do with freedom. it has to do with being free to protect yourself. jose didn't have a record, he was a good person. he immigrated to this country and at his workplace and attacked by someone bigger than him, larger than him and younger man him and attacked by two people and one of them had a knife and stabbed him. so what alvin bragg is doing is a tragedy and what many of the prosecutors are doing is a tragedy, like gascon.
they punish the victims and only care about people committing crimes, individuals out of custody on parole or probation and committing more and more crimes and they care more about them than they care about us, normal american citizens, normal individuals who have immigrated here to look for a better place, like my father, like jose alba and just want to have a better life and people like bragg and george gascon and the rest of them they're sad, they're a really, really sad excuse for what elected officials should be. neil: you get a sense of it, there might be cracks in the foundation. and i mentioned the mayor criticizing the manhattan d.a. who was criticized for his treatment of the bodega owner. i know where you are, 700,000 plus have already signed a petition to have the d.a. recalled. i don't know where that will ultimately go, but it's clear there's a disconnect between politicians who support these
guys and the voters who are sort of getting thrown around because much these guys. >> there's a complete disconnect and cracks. you've seen chester bodine got recalled in an area heavily democrat in san francisco. neil: that guy wants to come back, already talked about coming back. >> because they're radical. we need to keep fighting. we need to say this is our country, this is our state, this is our city, this is our home. we're not going to let radical prosecutors come back. and i say to bodine and bragg and gascon, bring it. i'm not going anywhere and i'm raising my children here and most people are, too. we're going to stand here and fight and make sure hour community is safe and it's okay to have reforms. we should never sacrifice the safety of our families and children to do that. neil: it's wild stuff and we live in wild times. thank you very, very much
jonathan, on all of that. we'll keep you posted how this progresses and it's still having people scratching their heads. 24 days straight now we've had declining gas prices, you heard me right, 24 days in a row, they're going down and they're more than double than a year ago, don't go running away with yourself. what if i told you that might not last and one big thing is going to stop it. ♪♪ ♪ every day is a winding road ♪ ♪ i get a little bit closer ♪ ♪ um, she's eating the rocket. ♪ lunchables! built to be eaten. ♪ is this where your grandparents cut a rug with a jitterbug? or return from war, dreaming of the possibilities ahead. the 1950 census adds new detail to your family's story.
saudis are going to play us. i have no confidence that the saudis will do something to bring down prices in this country. neil: that's coming from a democrat, a quite liberal ro khanna, and the president's trip to go to saudi arabia and all, but beg them to open the spigot. the administration says oil has nothing to do with this upcoming pow wow. phil, where is this going? i've been noticing bit by bit gas prices are going down and i'm thinking 4.72 a gallon and back in the middle of june we were well over $5 a gallon. what's happening on that front? >> you know, i have to congratulate the u.s. refining industry, neil. i've never seen the u.s. refiners to respond to tightness in supplies like they have the last couple of months. they have really rose to the occasion. they're operating the
refineries at the highest level in 30 years and i know president-- and i hear president biden's taking credit for the break in price. if that's the case i hope he takes credit for the price increase we've seen the last couple of years because make no mistake about it, people in the energy industry believe the uncertainty surrounding energy policy coming from the biden administration has played a big part in this historic run-up that we saw in gasoline prices this year. neil: it might be going down for all the wrong reasons. you can't get and dismiss positive news at the pump. if it's based on an economy slowing down or at worst going into recession. that's a whole other issue, right? >> it is, and that's one of the biggest concerns. if we look at the stock market, if we look at what's happening with gasoline demand, people are very fearful that we're going to see one of the biggest economic slowdowns that we've seen in years.
we've seen some moderation at the pump, but i have to say the drivers are hanging in there pretty strongly, especially on the data that we've got going into the fourth of july holiday. but make no mistake about it. there are consumers out there, neil, that are feeling the pain with these high prices. they're having a hard time filling the gas tank, a decision whether to buy groceries or gasoline. it shouldn't be this way. the united states is the biggest oil producer in the world and we need to enhance them instead of step away from that to help the american people. neil: i'm just wondering then, if the administration is facing a potential slowdown, it can counter and say, well, take a look at this latest jobs report, you know? it was much stronger than thought and we're averaging month in, month out over 360,000 new workers coming in, 2 1/2 million in the first quarter and we're doing okay and we don't get enough credit.
and where, -- we're the force behind that. >> the economy is numbers, but it's also people, neil. when i look at an economy, it's how well is the economy serving the people. and if you look at the surveys, neil, consumer confidence is at the lowest level it's been in years. if you look at the business surveys, it's the lowest, it's been in years. so, that's what we need to change, this perception that the economy is doing great. yeah, we have one of the tightest jobs markets we've had in years, right? but the problem is that we're seeing the wage increases that should accompany that being eaten up with inflation. so, unless you really go back to getting inflation under control, you know, whether people are working or not, they're not going to feel wealthier if their money continues to be evaporated with inflation. neil: yeah, because even the 5% more they're making at work
with their wages, when you're spending 8 1/2, 9% more than what you're buying, it's all gone. phil, thank you very very much. >> good to see you. neil: and a lot of people have been cocooning at home and working remotely from home. and many of you have told me, you know, there ought to be a law to allow this. and well, in denmark, there is. you know the saying, as the danes go, that's the way of the worrell. they don't say that, but that's the hope after this. ♪♪ ♪ working hard for the money ♪
this is with the strong workers doing what they do at home and a lot more coming from the office of the pandemic and a lot of workers like a hybrid schedule and having the ability and the freedom of working a number of days from home. and well, in denmark, they've made it a legal right that working from home is something that the country will protect. and gary is back with us, and ann berry. i wondered gary, if something like this could ever come here? i doubt it and we're seeing the market forces combining to give employers no other choice. at least, give workers flexibility. >> yeah, that's what we need is another dictate on our great businesses and great americans, look, let's hope it doesn't come here, you said the two most important words and that's market forces, if employees want their people to come-- employees to come in, five days a week and employees don't want to, guess what?
they can choose to go somewhere else. i'm surprised that hybrid looks like it's here to stay, to a certain extent, but i believe as we get away from covid, i think more and more companies are going to start, i don't know if the word is demand, but want people to come in more days because i think the camaraderie of being in offices, i think it does matter, but, look, it's on a case by case basis, but let government stay out of the way. >> you know, that camaraderie thing is way overrated, by the way, but that's just me, and no ill will towards my colleagues here. >> let me get your take on this, and it's one thing to sort of etch it into the country's constitution or laws, it's quite another to give businesses the flexabilities on this, and i notice quite a few businesses, and many in the banking arena who were loathe to this. between crime and the streets and some push back from customers and their own people and they said, all right, we'll
find a middle ground. maybe that's the way to do it, what do you think? >> legislating it is not the way to do it, that's bad news, companies that can afford it will naturally offer this. it's kind of the new "it" thing. and work at home is the thing. as a woman and mother of five kids, it's a great way to bring more women into the work force and keep them there. we do not want to become europe. the u.s. has enormous labor market flexibility and that's the reason our potential growth is much bigger than the european one. in europe, it's very hard to fire people, it's very-- it's a big bureaucracy. so, making it law is silly and it brings undesired consequences. let's look at the dutch farmers, for example. they're protesting the government plans to cut their live stock, kind of reaching the farm land. and it brings undesired consequences, because it's going to impact food supply. when the government gets
involved and mandates something that should belong in the private sector, then we get a lot of problems that the government again tries to find solutions for, i would say stay out of the way and let companies decide if they're going to offer work from home and pizza parties or entice, you know, great, great talent with something else. >> all right. the pizza party thing would draw me in. but we'll see. the real story here, guys, you have five kids and you wouldn't want to be, pushed or incentivized to get away from them once in a while. god bless you there. [laughter] >> and ann, let me get where you see this going because i think to both of their points, it's something that companies decide, along with workers, but the pendulum is beginning to change for workers right now. i know we still have two job openings for everyone who is on unemployment. and so, it's still a workers' arena, if you will, that could be changing and pretty soon, the debate will be, heck, any
job i can get, whether i do it at home or in the city, right? >> the inequality of opportunities, neil, by different sectors, i think, sits at the heart of this. and you'll see the greatest amount of job openings and you know, from earlier in the show, roughly two participated in the labor force, a lot of those are still in the hospitality sectors and retail sectors, ones that don't lend themselves from the hybrid working anyway, and those are the kind of jobs there's a necessity to be in a physical location. so i think where we're seeing the work from home or the hybrid working model, remain the stronger, continues to be in these white collar bougie job sectors such as financial services and tech, and where the average age of employees trending downwards, so i think it's a bigger sector and
demographic shift here, whether it's a tight labor market or the looser one they're going to be in the younger bucket. neil: they're spoiled, and if you work at gary's firm. you want to be with gary, right, you don't want to be online with gary. i just wonder and ann raises a good point, all seriousness here, will this ultimately be decided by the economy and forced on us. and the pendulum has swung back more in favor of bosses who are already talking about not only taking job offers away from college graduates, gary, but, you know, slowing the hiring that they are seeing in the best of case scenarios? so where is that going? >> there's nothing like the business cycle and it is turning, leave no doubt. for the last year, year and a half, workers -- apple and
google and companies like that are demanding if you don't give me this, that, and the other thing, i'm out of here. imagine that with these great companies. that's most definitely going to change. to have a job is a good thing and it's not a right. you've got to earn it and i think we're headed back towards to that way, and if the employment figure turns the wrong way, i'll promise you all the strengths will be in the employers not the employees as we move forward. neil: about a pizza party can even this out. we'll see where it goes. guys, thank you all very, very much coming in on a saturday no less with all of this beautiful weather. there are good folks all, smart folks, too. the bottom line, even with the hassles, applying, the crowded airports and the delayed or cancelled flights we want to get out. we're bullish on wanting to get out and in pamplona, spain, the
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>> you know, when you think about it, this has not been a good week for president zelenskyy, he lost an ally in boris johnson who ended up resigning and out in a matter of vehicles and vladimir putin strengthening occupying the eastern part of the country. lucas. good afternoon, neil, the u.s. economy is seven times larger than britain, that didn't stop
boris johnson for billions to the ukrainians and johnson is one. hawkish leaders in n.a.t.o., he wants russia out of crimea, out of donbas and much farther than what we've heard in washington. and now johnson called his ukrainian purpose and thanking zelenskyy for his partnership and called him a hero, everybody loves you. and april 9th, a saturday on your show, boris johnson was the first western leader to visit the capital in kyiv and many other lawmakers raced to ukraine to follow suit. in indonesia, the meeting of the world's richest nations, antony blinken ignored russia and other allies as well. and the ukrainian wheat is burned in this country, many are outraged at russia,
secretary of state blinken, the remaining grain rotting and sitting stuck in a port be released. again and again, we heard calls represented across the world for russia to open the black sea and for the ukrainian grain shipments. there was a strong consensus, and russia was left isolated, as it has been many times since this bargain. >> the u.s. government announcing the plan to send $400 million more in weaponry to ukraine and more rockets, that will bring the total number of launchers to 12, and many western experts say this country needs 60 to 100, neil. neil: be safe, my friend, always great in your reporting. lucas tomlinson. and people have an itch to get out and no matter the cost, no matter what the hassle. no matter all of that, they want to have some fun, but what happens after that? what happens after we take our trip? then what are we looking at
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>> all right. here is how bad things are getting. maybe for the world and want to have some fun. and we're risked ourselves getting gored by a bull in pamplona, spain than at home. we've seen a lot more of this. a sign the economy here and globally could be turning things around when we're willing to commit money to this. thor movie, for example expected 140, $150 million
during the weekend, breaking all records and netflix's stranger things, over a billion hours watched in the first month. i don't know how they keep track of that. maybe it's the same dude watching it a billion times, i digress. bottom line, we want to have fun and having fun and when i think of having fun, i think of kelly o'grady and the fox news radio host and welcome to both of you. jimmy, you're seeing this, right? up close and personal. no matter what, the hassles at the airport, and no matter the price at the pump, we're going to theaters, and we're, now, filling those planes, so, obviously we'll put up a lot to have some fun. >> oh, no kidding. i mean, i'll even do cavuto on a saturday morning and have some fun. neil: you are nuts, you are nuts. >> it knows no bounds. what happened, people were locked up so long and still have their finances decimated
for a myriad of ways, gas or inflation. we've reached inflection point, hey, if i'm going to go broke it's going to be on my own terms and that's what we're doing, exactly what we're doing. i was just in california and i blew everything i had. i couldn't afford a tie for this hit by the time i got home because let's face it, the money's going anyway so you might as well go someplace happy when it goes. neil: kelly, you're coming from one of the most expensive states in the nation, one of the most expensive cities, it might be the most expensive and yet people are doing there what they're doing everywhere out, good luck at lax, you reported on that, they're itching to have some fun, right? >> yeah, absolutely. i mean, you mentioned thor. i was there last night, actually, which great movie by the way, recommend it. you know, you have families gru, the minions opened last weekend, but the thing that does worry me a little bit we're seeing credit card balances spike.
yeah, we do have the treat yourself mentality, and go broke, go big or go home, but we're starting to see people made the trade-off. i'll put it on the credit card and deal with it in the future and catch up with people. neil: and that happens. jim which stopped wearing ties and it could be on one of these shows completely naked. jimmy, how long do you think it lasts, and i've been on this rodeo and about peters out and people run out of money and we're in a recession and i'm not saying that happens, and from a much higher place. >> neil, when the interest rates climb higher, right now, they're not great, but we're nearing a point where pretty soon you'll get a better interest rate from the mob than from your bank. they're drilling people on interest, as the rates continue to climb it's harder to manage this sort of thing because a lot of us, neil, are still paying for old fun. we're doing the balance transfer game. you know, fun you have in 2012.
back when i was a cabdriver, i took my kid to disney world and i'm still paying on a pretzel i bought the castle. the interest rates climbs and they separate themselves from a credit card debt. i'm one bad day at the race track from having fun. neil: you're richer than you let on. and i have a half full glassful of this economy and i don't dismiss the hard times, when people compare it to the '70s, i remember those periods, and before you were born, kelly, but it's not then. the reflection of that, you know, times are getting a little tougher, but it's not the end of the world here. >> yeah, and you know, i think it really depends on what
segment you're in, right? and if you are one of the people that got let go recently, and you're going to start to make some of the trade-offs and if you're someone who has a high paying job, you know, maybe the-- >> like jimmy. >> and maybe that $100 at the gas tank isn't that big of a deal. interesting with gas prices being so high, we were talking last weekend, with the 4th, people hit the road in droves, and i did talk to folks, we don't necessarily have to take a trip. we can stay home, we can binge watch, we can took at home and i personally binge watched "lost" again and it feels like the island is what's going on in real life, but people are making the trade-offs and they're starting to stay home and make the burgers at home rather than going out and buying it. neil: how do you advice young people like kelly, jimmy, real quick. we don't have the personal chef that mr. cavuto has. neil: do i look like i would
use a personal chef? it's not working, it's not working. [laughter]. >> i'm in the same boat, buddy. trying to get through this hit without my jacket ripping from the vacation weight i gained. neil: oh, stop. >> the truth. neil: real quick. >> people need to think long term if you're kelly's age and start cooking, even if your finances are good. neil: good advice, just have fun. isn't that right phil? i'm in the metaverse, bundling my home and auto insurance. bundle home and auto and save. call a local agent or 1-888-allstate for a quote today. this isn't just freight. call a local agent or 1-888-allstate these aren't just shipments. they're promises. promises of all shapes and sizes. each, with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you.
>> japan in mourning for its longest serving modern leader, for shinzo abe, assassinated during a campaign speech. his body back in the city of tokyo as more information comes out about his killer and police failures in security protection. i'm griff jenkins, hello, molly. molly: i'm molly line. hello, griff. he was out