tv Your World With Neil Cavuto FOX News July 14, 2022 1:00pm-2:00pm PDT
and elegant and sophisticated and all the rest of that. she was more than just a pretty face. >> martha: ivana marie trump was married to donald trump and has passed away in new york city. thank you for being with us. we'll have more to come on this story as fox news continues this story. we'll see you tomorrow. >> neil: inflation spiking again and stocks tumbling. now j.p. more than chase's jamie dimon says the risk of a recession is growing. susan li on businesses that are bracing. lydia hu on americans that are now just reeling. hillary vaughn on democrats pushing for more taxing and spending. along with missouri republican senator row blunt who says don't count on that happening. welcome. i'm neil cavuto.
what a crazy day in the markets and for the economy. just when we thought the inflation news couldn't get worse, it did. a sign of what is coming. wholesale inflation that makes you think wait a minute. the retail inflation that is bad could get worse. susan li with more. >> the dow down sharply this morning after the near record high inflation numbers for producers. wholesale prices coming at 11% higher than last year. you couple that with the steepest consumer price increase and 41 years. we know that americans and companies are paying a lot more for their goods these days. meantime, you have america's biggest banks kicking off what wall street sees as a crucial earnings season to check on the health of corporate america. the biggest lender in the country, j.p. morgan and jamie dimon confirming that his prediction of a economic hurricane down the road has not
changed. he points out that the u.s. economy continues to grow in the job market hand consumer spending remains healthy. despite that, j.p. morgan and morgan stanley disappointed didn't appointing profits and sales and blaming the stock market. the slow down means job cuts. j.p. morgan companies have already started reducing their head count. black rock is also slowing down hiring. these companies are trying to figure out how sharply the u.s. central bank has to raise interest rates in order to bring down inflation and slow the economy. economists say there's a 50/50 probability they will raise it 75 basis points or a full percentage points. if that happens, that would be the sinkest largest rate increase in one meeting going back to march 1984, neil.
>> neil: i can remember the days of paul volcker wheres that was routine. >> and there was 350 basis points in the 80s which was astounding to me. >> neil: we can't remember but i'm old enough to remember. thanks, susan. the federal reserve meets at the end of this month. again, the guys that bet on the street now are saying possibly a full percentage point hike and in september, yet another such hike, another 1%. and by the way, that is doing little right now to calm the inflationary beast out of control and doesn't lydia hu know it following it in new york. lydia? >> yes, neil. even beyond the much discussed price increases in energy, shelter and food, the average american consumer is getting pummeled with increases on prices from seems like every corner. we take maybe an example of the average american returning to the office in this post pandemic world.
it's going to cost him, take a look at this, if we wants a new suit, it will cost him about 25% more now than a year ago. laundry and dry cleaning services, that is up 10%. and if he's going to take public transit, to get from the suburbs in to a city office, that is more expensive, too. more than 23%. you know what? maybe he will drive instead. maintaining the car is more costly. oil up 18%. tires up 15%. body work to keep the car looking good, up more than 14%. he still works hard for his family at home. he has to pay for healthcare. premiums are up 17%. and to feed the pets, those costs are up already. more than 10% to feed the animals at home. with these increased prices, we know that it seems americans are on the hunt for a bargain. amazon prime just wrapped up the two-day amazon prime day sale. the annual sales event.
the company is calling it the biggest prime day event ever. the company said that prime day members bought more than 300 million items worldwide. adobe estimates consumers spent $11.9 billion over two days. an 8.5% growth over last year. one point to know, that growth year over year on prime day sales is more modest than what we've seen. from 2019 to 2020, we saw growth in u.s. sales in excess of 42%. still growth this year but does seem like there's a pull-back in that growth. perhaps an indication of the inflation period we're in. neil? >> neil: thanks. here's the conundrum. the highest interest rates go, the more that things slow down in the economy and that's how you get inflation down. and get it understood control. the idea is a soft landing.
nine times out of ten, it winds up being a recession or worst. we might be seeing the first whisperings of that. companies scaling back or slowing hiring. you heard of twitter, which is rescinding job offers to college graduates. it's extended to outright job cutting and a big name led that charge today. let's go to charlie gasparino on that. hi, charlie. >> neil, it's been baked in that microsoft will cut its work force less than 1%. it wasn't known is the number. the number has people raising their eyebrows inside microsoft. it's more than 1,000 people. this is -- this is a big thing if you're a microsoft ploy year. rarely does this company lay people off. i can't remember the last time announced lay-offs. may have been during the tech bubble bursting in the 2000s. so this is a big thing. it's probably going to be a harbinger of more to come. as microsoft goes, the rest of the tech world goes. the other tech companies like
google have been warning about lay-offs. the real question is obviously how much will the fed be raising interest rates, how much inflation is in the market. one of the things about the fed raising rates is that if it's a prolonged process to get the inflation under control, tech stocks are likely to take a hit. tech stocks during the sort of run-up, during the fed money printing, think exploded in value. so they have a lot to lose amount lot of air could come out of these stocks. the people there, the manager there's know that. that's why you hear them throwing out warnings that there could be worse cuts to come. stock will go down, that will impact other things. earnings will be impacted also by a cut back in advertising if we do hit a recession. so this is -- we're in scary territory right now. the market is off of its lows. although it bounced down weirdly at the close. you know, shouldn't be watching the market every five minutes.
remember where -- >> neil: just so you know, we have a business network devoted to that. >> i know. >> neil: you raised an excellent point. but now they're fixated on this idea, what do we really want? interest rates are going to go up. that seems to be a given. i don't know whether they go up a full point. the fed meeting this month. now they're saying, all right, it will bring the rates down if the economy slows down. and we can all rest assured that the worst we have to deal with is a slow down. the other potential is it's a lot worse than a slow down, right? >> yeah, there's a theory out there, neil, yes, always the potential of worse or maybe not as bad. there's a theory out there that all the stimulus checks, everybody sitting home during covid, that this recession could be softened by that. people will have money in their pocket even if they're laid off,
they won't be destitute. there's the thinking that once inflation gets under control, markets bounce back, economies bounce back once the fed eases off of the raising of interest rates. >> and oftentimes doesn't work that way. you're a lot younger looking than me. we can remember with paul volcker raising interest rates a full percentage point at a time that that did push the economy over the cliff for the right reasons. as if you can look at it that way. we rebounded from that. that is the worry that we could repeat that. we're in a stronger position now than then but you don't know. >> are we? we have more debt. >> neil: i'm talking about the backdrop of the job market. >> the fed's balance sheet is a fraction of what it is right now. there's a lot going on since the pandemic. if you unwind the structural
issues, it will be tough. you can see how inflation is embedded in this economy. the other side, you have fiscal policy that is weirdly restricted. biden administration is talking about raising taxes. one of the issues here is that this supply side is not meeting the demand. when you raise taxes, keep on regulations, announce that you're going to put the oil industry out of business, that does things to the animal spirits of these companies. >> neil: you saying that, now you're getting concerns from the big banks and their ceos that were talking about just that. their stocks taking it on the chin. j.p. morgan chase, morgan stanley and now bank of america issuing a generic statement that the market could fall another 5% from here. oftentimes we can do that in a couple days. what do you make of where we are right now? >> i think, neil, this is where
we are right now. we're in like -- we're in a zone where nobody really knows what's going on. some of these banks are putting out statements because they know this thing could turn drastically south just as much as we can -- while there's probably a good chance we can muddle along through this with 75 basis points, increases, the market stabilizing and going down a little bit, there's a very big chance that you get what jamie dimon said. it's that storm. never before -- hurricane was the word hi used. never before have we pumped this much liquidity in the system. it's like heroin. when you come crashing down from heroin, it's a nasty thing. not that i know that personally. i know people that did that. the economy -- >> neil: same thing applies to bakery products and cannolis. a sugar hire. >> exactly.
>> neil: i'm curious for the administration saying it's not only here, it's everywhere. inflation is not as bad as the industrial countries as it is here. this is a worldwide problem and something that is bigger than us. what do you make of that? >> yeah, that's duplicitous. that's why it's a worldwide problem. all of these economies and countries adopted printing money. it's the modern monetary theory where deficits don't matter and printing money -- you can keep printing it. you can hand people money. the fed will buy it and expand the balance sheet and it won't matter. it does matter now. it's a worldwide phenomenon. we some of copied the same stupid economic policies and now paying the price for it. now throw in there a war. that was a shock. but you know, shocks are supposed to happen in economies. we're not supposed to have this
if you have sound money and sound money policies which we didn't the last three years. on top of that, we have crazy fiscal policies. go up and down the line. who is calling the shots. there's not -- there's no business people in this administration. steve moore pointed that out in a recent story. i read it somewhere, in the journal. i mean, it's not just -- we've been covering this a long time. there's committed leftest in key economic positions in the biden administration. if you're not a leftest, you're a commit progressive. that's a problem. >> neil: and where do you say that oil is back down to levels, under $100, where we were before the first russian soldier entered ukraine. so now we've gone from the putin oil hike to where where that is no longer the issue. but everything that happened since, even though oil is coming back down, gas prices have come down from their highs, they're
still ridiculously high, it has spread everywhere. >> and let's point out, the oil price rise was occurring before putin invaded, right? >> neil: absolutely. 50% of that rise happened before the first russian boots. >> that is still not a good print for the price of oil. number 1. thing -- when things go down in price like that, that's factoring in a recession. that is not necessarily a good thing. >> neil: thank you, sir. charlie gasparino following these developments. sad news. ivana trump, donald trump's first wife has died. david lee miller has more. >> we're just getting word of the passing of ivana trump. she was 73 years old. we understand she died at her home according to published records on new york's upperest side. she was a fixture here in new york city. she was often photographed and
mentioned in newspaper columns. she married to former president in 1977. divorced in 1990. donald trump made this announcement on truth social. that's the media platform that he uses. he issued the following statement. "i'm very saddened to inform after of those that loved her that ivana trump has passed away at her home. she was a beautiful woman that led a great and inspirational life. her pride and joy were her three children, donald jr., ivanka and eric. she was so proud of them as we were all so proud of her. rest in peace, ivana." additionally, there's a statement from the family as well. that reads "our mother was an incredible woman, a force in business, a world class athlete, a radiant beauty and caring mother and friend. ivana trump was a survivor." the statement goes on to say that she fled communism and embraced this country.
the new york city fire department said they got a call of reports of cardiac arrest at her home. evan in and donald were married in the 80s and 90s before a very public and messy divorce. they were on good terms. in a 2017 book, ivana wrote that they spoke about once a week. she was a czech born business woman and an author, a fashion designer and a former fashion model. repeating again, neil, confirmed now, ivana trump, age 73, dying at her home in upper manhattan earlier today. neil? >> neil: very sad. david lee miller, thanks very much. ivana trump was 73 years old. more after this. verizon, the network businesses rely on. ditch cable and switch to verizon business internet, with fast, reliable solutions, nationwide. find the perfect solution for your business.
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>> neil: on the surface, if you think about it, a lot of this started, inflation and the problems since, with government spending. big initiatives that were thought and maybe wise at the time to many, particularly democrats, but now doubling down some say tripling down to make things potentially even worse. hillary vaughn on capitol hill right now on this spending fight that is leading to a political fight.
what is the latest, hillary? >> neil, democrats are still chugging along trying to pass a chunk of the president's build back better agenda, that trillion dollar spending and deficit reduction package before the mid-terms. of course, republicans say that doing so would just make inflation worse. democrats today argue that it could lower some costs for americans on things like prescription drugs. even with inflation super high, it's not making the white house shy about pushing for more spending on the president's priorities. >> neil: are you saying more spending is the answer? >> i'm saying more investment is the answer. more -- >> neil: investment is spending, right? that might or might not be a solution. >> but more spending has not helped >> you raised an important distinction and i appreciate your doing so. because there's a big difference between sending checks to households, whether the
emergency checks from the rescue plan and investing in ship production, investing in child and elder care, investing in our nation's infrastructure. >> but even some democrats are getting skittish now. senator joe manchin said he won't sign off on any new tax hikes or new spending in this skinny build back better if he thinks it will add to inflation. >> should there be a because object government spend something. >> everybody should be cautious on what we're doing and looking at anything that could inflame the inflationary high numbers that we have. so i'm just going to say, if you're going to err, err on the side of caution. the people can't take much more. >> some democrats think that build back better really just needs a brand refresh. senator elizabeth warren says she thinks -- she's open to calling the package the joe manchin deficit reduction
package if that's what it takes. she thinks calling it reconciliation sounds like a bad romance novel. neil? >> neil: or more inflation could make it a worse romance novel. thanks, hillary. i love you catching the senator. he got out of an elevateder and you were -- >> i told him i was coming on your show. that's the only reason he came back. true story. >> neil: i love for these moments. thank you. senator row blunt. we didn't have to chase him down. kind enough to join us. senator, obviously what your colleague joe manchin is saying, a democrat, this is not the time to do anything like this. what do you think? >> i absolutely think that is right. you know, elizabeth warren can call it different. what we've been calling it, the reckless tax and spending spree is exactly that. if the democrats didn't learn the lesson in the bill that that
passed on their own in march after the president was sworn in where they basically dumped 1.9 trillion in to the economy and anticipating it would be quickly spent and most of it was, if there was a worse economic move than that, you'd be hard pressed to find it. now they want to repeat and think it will make things better. it's a scary time for american fami families. joe manchin is right when he talks about the importance of being cautious here and not making a really bad problem even worse. they know how they created this problem. i don't know why they think getting out of this problem will be able to be happening the same way that the problem was created. >> neil: senator, the bottom line, no matter where people are on this, your view or the democrat view, it looks like it's up to the federal reserve to deal with it.
they're the only game in town. they're getting people very nervous because they're likely to keep hiking rates, maybe bigger or longer than we thought. what do you think of that? >> well, what the federal reserve is trying to do here is obviously respond to this out of control inflation and do that by trying to slow the economy down. that's what happens obviously when you raise interest rates. why you'd have the federal reserve appointed by president biden and other presidents, why you have the federal reserve trying to slow inflation down and you'd be so intend on doing exactly what it says to heat it back up sounds like the government is not working not only with each other but actively working against each other if they're allowed to get this done. you cannot put more money in to this economy right now hoping it will be spent and still making the other part, the federal reserve, trying to keep money
from going in to the economy and being spend. families feel this every day. you take the spending policies and add to that the energy policies that were designed to drive energy prices up and they've been very successful. energy prices are the highest they've ever been. gasoline prices the highest they've been except a couple weeks ago when they got them higher. >> neil: how would you reverse it? i know what you're saying about the spending. it wasn't as if the prior administration was spending money and deficits were running out of control. it's been a bipartisan spending spree. if republicans were to take over the house or even the senate, what would you do? what would your party do about spending, period? >> i think one we would try to rein back in spending. do everything we could to
encourage the administration to reverse their energy policies and try to get the gasoline prices back where they were a year ago or two years ago. they're 60% higher than they were a year ago. 100% higher than they were -- >> neil: so you'd call for more energy production. >> absolutely more energy. >> neil: would you cut the budget? would you advocate cutting the budget? you'd still be the opposition party. >> we would. we would have to pass an appropriations bill that the president would sign or stick with the current spending. i'd advocate that we do all we can to keep the budget under control, reduce it where we can but certainly don't keep throwing gas on this fire. that would make a big difference. the energy prices are at the root of everything. things have to be delivered. heating electricity bills have to be paid.
all of those things pass through quickly. >> neil: what if we're beyond that, senator? you're right. might have started with energy. what if it went beyond that and requires more than just boosting energy production. now this is widespread. tentacles are spread to virtually every single item, whether at a grocery store, clothing, et cetera. how would you deal with that? >> well, i'd deal with that first of all by not giving more money to spend trying to somehow think that that is going to help the economy. remember that 1.9 trillion got spent. it was designed to be almost immediately spent. it wasn't like a year-long appropriations bill. we're going to give you this money, even the state and local governments that didn't need money and hope that you spend it. so when you do that. we did substantial spending. no question about it. particularly in the covid period where we didn't know what was going to happen to the economy.
we were guessing often and got it right. that was bipartisan. president trump signed every one of those bills. the lasted a -- last edition made a huge difference. this is a little more than $2 trillion. they laid another $2 trillion on top of that and created problems. >> neil: there was a lot of spending on president trump and certainly built up in covid. that was natural. but it got out of control, right? >> there's no question it got out of control. there was some question i thought about the last bill that we passed in december of 2020. there was no question we shouldn't pass another big bill in march of 2021. even beyond that, you can't rectify that mistake by making it again. i hope that build back better broker or build back better whatever you want to call it doesn't happen at all. it would be a mistake.
i think joe manchin and others are beginning to figure out it would be a mistake. >> neil: got it. senator blunt, great catching up with you. >> great to talk to you. >> neil: the dow was down ant 42 points on this back and forth and how water going to fix this problem. the big concern right now seems to be could we make the problem worse by doing some of the same things that got us in the pickle to begin with us. stay with us. this isn't just freight. these aren't just shipments. they're promises. big promises. small promises. cuddly shaped promises. each with a time and a place they've been promised to be. and the people of old dominion never turn away a promise. or over promise. or make an empty promise. we keep them. a promise is everything to old dominion, because it means everything to you. finding the perfect designer isn't easy. but, at upwork, we found her. she's in austin between a fresh bowl of matcha
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by comments the president made. she's in set-up. what's the latest, alex? >> hi, neil. president biden is defending his trip here to saudi arabia. we have heard some very harsh words from him in the past regarding the crown family. but right now he's saying he will meet with regional leaders and they will discuss security and energy issues. there's questions over whether the talks will trend into any major ramping up of oil production here in saudi arabia and unlikely. but still this is a major concern and focus giving the soaring global oil prices, which is a key concern for residents back at home. saudi arabia is one of the largest oil suppliers in the world. before arriving here, biden has come under harsh criticism. he's called out the kingdom and now is set to meet with the
de facto ruler, crown prince mohammed, the song of saw did kill salman. mbs approved the murder of journalist and u.s. resident jamal khaishoggi in 2013. mbs denies this record and said he had no role in the killing. during the four days in the middle east, biden will be the first u.s. president to fly to jetta from israel. the president touted that milestone as a sign of peace but also as one of progress. now, when it comes to stabilizing efforts, another major topic of discussion is iran's nuclear possibility. so far talks have stalled, but that doesn't mean that their stance is anything but form. >> martha: i made it clear, we will not -- let me say it again, we will not allow iran to acquire a nuclear weapon.
>> iran also has an agreement that has been laid out to it, something that biden went on to say, that it is up to them to decide what they want to do with that. more talks regarding the country's nuclear capabilities are expected at the conversation set to take place over the next couple days here in jetta. neil? >> neil: thanks very much, alex hogan. i want to go to lieutenant colonel bob mcginnis. a couple of things to juxtapose here. we know that the president and the israeli prime minister have committed themselves to making sure that iran does not get a nuclear weapon.we know that next week vladimir putin is going to be visiting iran and that country is already promised some defense drones that the country, russia, can use in ukraine. we're setting up for something that will get potentially ugly, aren't we? >> yes, we are.
i think the prime minister made it clear that iran only understands one thing. not diplomacy but force. so they'll have to use that. now the saudis, when he goes to jetta, he will be confronting the king and others who will basically say what is your strategy? how are you going to stop the iranians from moving forward? what we do know is that they now have enriched uranium up to 60%. they have already cut off 27 un monitoring cameras at nuclear sites. they haven't identify why there's particles of uranium at places that they shouldn't be. so it would appear as if unless something happens, that iran can move forward to a nuclear capability. with the help of putin and president xi of china, they will accomplish that in spied of the fact that we've made some
promises. of course, this president likes to make promises that we can't follow up on. >> neil: one of the controversies with the president going to saudi arabia, does he meet or not mohammed with mohammed bin salman who we finkiered in the killing of khaishoggi. then the issue that you raised. we have this relationship with saudi arabia. saudi arabia is actually quite okay with working with israel and the united states presumably to counter iran and other more moderate arab nations. so its kind of the delicate balance, isn't it? >> well, really is. you know, keep in mind, the saudis have the capability if they wanted to buy nuclear weapons. they have deep hardened facilities, ballistic missiles the chinese sold them. but so do the iranians. if we wanted to remove any prospect that iran would move forward, you'd have to attack
it. the israelis won't do that. unfortunately only the united states could accomplish that mission and for a variety of reasons, which of course involves the price of oil around the world. we don't want to send the economy into a depression, that we're unlikely to do that as well. so the ayatollah in tehran understands these issues as does putin and xi. so i suspect that diplomacy will continue. like the talks failed last month on jcpoa, i don't think we find a near term solution. the saudis don't trust us because of this and we don't have a good strategy and quagmire will continue for years to come. >> neil: i talked to a number of officials including former mayor of shiloh, israel. part of the old conservative government saying that if we don't come to a firm commitment to counter iran and its nuclear threat, he was all but saying
israel will on its own. i don't know whether that telegraphed and israel attack as it did against the iraqis back in 1980 to take out their nuclear capability. could you see that happening? >> well, the israelis are very capable. they have submarines, they have ballistic missiles. they have very stealthy jet feigers. i don't think they have what it takes to knock out the deep hardened facilities that the iranians have built with the help of the north koreans the last two decades. that is unlikely. now, if they do attack, then we're going to be drawn in, so will the saudis and so we're going to have a mess in the middle east that is going to have major ramifications for our economies around the world. so that is something that mr. biden is trying to avoid. king solomon started
negotiations with the iranians because of that. you know, very delicate times that we're at right now. >> neil: to put it mildly. you got it right with the author of "alliance of evil", it's a growing alliance. thanks, colonel. >> thanks, neil. >> neil: closer to home, looking at the border with mexico. the governor in texas speaking out against a president that he says who is doing very little. >> because of washington's open border policies, that deadly fentanyl is flooding the united states. ♪♪ ♪♪ ♪♪ ♪♪ "shake your thang" by salt n pepa your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates
>> neil: a challenge from governor of texas to the president. if you don't want to help us with the border because of the migrants, how about the drugs sneaking in? bill melugin with more. hi, bill. >> good afternoon to you. drugs and people continue spilling across the border. border patrol up and del rio reporting the last two days in a row, they had more than 2,200 illegal crossings each day. case in point, take a look at this video in eagle pass yesterday in the middle of that sector. the epicenter of this border crisis. a absolutely enormous single group of migrants crossing
illegally in broad daylight in front of our cameras. we're talking hundreds of hundreds of people. this crossing went on for nearly ten minutes. there was no border patrol immediately there once they crossed. you take a look at the second piece of video from the fox news drone. you can see the camera pans. it's a seemingly endless massive line of these migrants that have crossed illegally. there's a couple of border patrol agents and texas national guard soldiers. these groups pull a clout of border patrol resources off of the line and that opens up parts of the border to drugs and criminals to sneak through elsewhere. take a look at this video. governor abbott was in houston talking about the record amount of fentanyl showing up here in texas. listen to this. he said in 2019, there were 277 fend natural deaths in texas.
last year there were 1,700. that is a nearly six fold increase. the governor says that happened mostly in counties that are not along the border. here's what he said today. >> because of washington's open border policies, that deadly fentanyl is flooding the united states. this is not just a border problem. it's a problem that affects every state in the united states of america. communities across our country are mired in this tragedy. >> and take a look at this stunning photo right here. dea in los angeles announcing today a record seizure of one million fake pills with fentanyl in them in englewood, california just south of l.a. the largest fentanyl bust in the state of california in dea history. the drugs were intended for distribution and the street
value is up to $20 million. back out here live. bringing it back to tax. governor abbott also announcing in 2020, texas dps seized 70 pounds of fentanyl here in the state of texas. last year, they seized 964 pounds of fentanyl. more than a 1000% innees -- increase in a single year. back to you. >> neil: the nato club is about to expand by two more countries. both countries are saying can we fast track this? particularly the finish ambassador kind enough to joining us on the urgency after this. ♪ ♪ shop the lowe's bath style & save event now. in store and online.
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♪ ♪ >> neil: all right, two moran members are going to be welcomed into nato right now, but the weight involved talking about sweden and finland, very eager for this to happen like as soon as possible. and what is occurring over their border and the threat from the country that is not too pleased about to the actions they are taking, with us is the finnish ambassador to the united states mikko hautala able to join us. thank you. >> thank you, neil, thank you for having me. >> neil: what are you hearing from nato about how soon membership will be taken up? >> well, i think that we find
the access last week, just last week, now we have 14 countries that have nationally already rectified the excess vertical, so i think that we are making it extremely fast progress and i think it reflects the point that everybody shares that this is extraordinary circumstances that need to be done fairly quick. and i think that the second factory that everybody seems to realize is that it has been ready for those members for quite some time in a part of the policy to be ready for almost two decades. so it's not a surprise for our country. >> neil: 14 countries almost 40 in nato, do they all need a ride off, ambassador? >> 14 countries out of 30 at this point. >> neil: so there was talk in the beginning, remember when i was going so honest and did not think that it was a great idea as they have reversed it from what i understand.
do you see any obstacles or what are you hearing back from nato? >> physically creating the purpose on turkey and the protocol and how we will solve this problem, then they have unlocked the approach and we were able to make progress, of course we have not seen the ratification ants, and hope to see that i think the point on finland and sweden was never about our access, i think that they had some other races they wanted to race in this way. >> neil: it was not that long ago that vladimir putin had issued a warning to your country and sweden on installing the civil nato infrastructure. and essentially saying that it was a mistake. we don't have problems with sweden and finland like we do with ukraine. we don't have territorial differences. some of us wondering why are you doing this.
>> i think that vladimir putin has said it is basically in line with what they have set for quite some time. i think they don't of course like nato, but they also do not see a trend for sweden to join. i think that they are now basically watching out for what's kind of decisions will be taken and what kind of military assets they will have on the swedish side, so i think that they are still sort of considering what kind of response to give. but i think that they have been loud and clear saying that they don't see finland or sweden joining as a threat to russian national security. >> neil: after that comment from vladimir putin, their foreign minister went on record saying that your membership would be destabilizing and add intentions in the region going as far to say that he had a great deal of doubt as to
whether the upcoming period will become for our european neighbors, that sounds like a threat. >> i think that they have and actually been going, they have been saying the same thing publicly and privately that they oppose the long-standing policy of russia, but i think that they also acknowledge the fact that a part of a decision to join and it's the nato decision to accept new members, so it's not a russian decision to be made. >> neil: the one thing i wonder with the vladimir putin of course looking at the potential of reconfiguring soldiers along your vast long border is that that could happen. in other words, you could start seeing what ukraine was seeing before it was attacked, not that it would attack you, sir, but that it would add to the tension along your border with russia, what do you say? >> i think that we actually have
no intention at all. and the border is extremely quiet at this point. we see no extraordinary efforts by the russians. >> neil: you don't see it could be different after you join nato assuming that it looks like you will? >> i don't think so. i don't see that way, because finland would be now the sixth nato member with the common border with russia, so i think having a border with russia is not a new thing. so you already have five countries inside the alliance who have a common border, so finland would only be one of them. i don't see that kind of linkage. i think the russians we are seeing what kind of posts during they will have military they will be. and obviously there are no decisions at this stage about all of those matters, so i think that it remains to be seen in the future what kind of decisions will be made. so the russians are basically signaling that they are waiting
and seeing what kind of decisions there will be. it's too early to say. >> neil: the understanding among nato members an attack on one as an attack on all and you would subscribe to that with the other members. but if it did come to vladimir putin even flying over your airspace, do you think that would warrant a response by nato? >> i think with regards to our airspace, we have one of the best air forces in europe, so obviously finland is first and foremost responsible for its own defense, and we will continue to do so and we have all of those capabilities. i think as we have the common nato resources and defense, those decisions will have to be made in the nato council. so i think that there is a clear procedure for those decisions. >> neil: we will watch very closely, ambassador, thank you very much for joining us. >> thank you, neil, thank you.
>> neil: ambassador mikko hautala, could just be perfunctory, but they all have to write off on this as the ambassador pointed off. it is expected, but you can well imagine what the countries involved that they want it the sooner the better, given what is happening in ukraine obviously. ♪ ♪ >> jesse: hello, everybody, i am just the water along with judge jeanine pirro, geraldo rivera, katie pavlich and greg gutfeld. 5:00 in new york city, and this is "the five." >> disapproval rating is topping 70%, approval rating still in the 50s, but if we compare that to every single other president at this point in their first term throughout pulling history going all the way back to the 1940s, he is the