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tv   Cavuto Coast to Coast  FOX Business  March 21, 2023 12:00pm-1:00pm EDT

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stuart: brian? >> 27. stuart: i'm going with 1933. the answer is 192. this is interesting designed invented by 21-year-old, fhilo taylor farnsworth. that is electronic television in 1927. i'm just not sure about that. but i do want to thank brian brenberg joining me for the past hour. tune in to "the big money show," 1:00 p.m. eastern here on fox business with brian brenberg. a great show. believe me. all good stuff. the market showing green. my time is up for "varney & company" but "coast to coast" starts now. neil: when rich guys revolt. is it time to buy? just asking because this just happened. elon musk and bill ackman have a word of advice for jerome powell possibly raising interest rates tomorrow.
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don't. to hear musk tell it, the fed should be cutting rates, not raising them. the world's richest man a nice half-point slash would do it, calm a lot of fears too. could such a move, even no move make things worse? would markets freak out suspecting maybe the fed knows something we don't? we'll ask kenny polcari. did you hear what treasury secretary janet yellen said today? she insists the bank situation is stablizing and the fed will intervene to protect small banks, all the kind of things you would expect but she also let out the feds are indeed mulling unlimited deposit guaranties if the bank crisis worsens. who pays for that? we'll ask former house majority leader eric cantor who fears well, taxpayers do. florida republican congresswoman anna paulina luna, on the law of unintended rescue consequences and violent crime worries this spring break in i guess the spring break capital of the world, florida.
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yeah. florida. ain't that a beach or should i say miami beach? welcome, everybody, i'm neil cavuto. glad to have you. sunny skies for stocks thus far. they have given up a lot of their gains, close to over 300 points earlier in the day. 126 points, to kenny polcari what he makes thiscom pac tuesday. kenny. >> how are you? i feel good about this comeback tuesday. a lot of angst we saw certainly was created out out of the hysta over the bank situation and credit suisse and ubs but look, the u.s. came right to the forefront said everyone is protected, calmed this down. money went into the system. jpmorgan, other 11 banks tried to stablize first republic. i think that is all positive, right? what i think is interesting, two of the wealthiest guys in the country unaffected by inflation, they don't even know what day it is based on what money they have
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have telling the fed to cut rates what they need to do. that would be in my opinion the biggest mistake t would hark back, again i say this, the 1979, 80, 81 when they did the same thing, right? they paused, waited, they cut, they had to ramp it way up. ackman and elon musk is out of touch what the everyday american feels. so raising rates is the way to go. neil: even pausing let alone cutting them a half-point as musk would want that do a lot more harm than thought, right? the markets would be fretting over that and wondering? >> they would fret if they were cut. the pause argument, although i'm in the camp they should raise i understand based on what happened over last couple weeks, they could get away with pausing but it will all come down to the messaging, the way that he delivers it, the way that, the words he uses, the tone he uses.
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because you know that will cause angst, unsure, people don't believe what he says, then he thinks there is something else going on. they should stick with 25 basis point, get it to 4.75, 5 rate, they tell everyone they want to take it. in may, need to pause, based on data they will get in april i could see that but i don't think march they should pause. i think they should go forward. neil: looking at first republic all this interest, jamie dimon personally involved to see if they can find a suitor for the bank. it came back today. at its high it was up 40% after losing 50% yesterday. i believe it's down still more than 80% from where it was a little more than a week ago. where do you see this going? >> so, listen, i think first republic was a fine bank. there was nothing wrong with first republic. had a great bank, great reputation. i once again think the flame throwers lit it on fire, tried to drag it down with everything,
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that is interesting because i like to see their trading accounts, how they were set up but that is another conversation. i do think they will end up saving first republic, whether like jamie dimon put it together, whether the bank gets sold, whether or not they recapitalize, raise some cash i think they will. neil: yeah. got it, my friend. you know what kind of oomph you have, kenny, wear a shirt like that, gorgeous shirt like that, i point out, defy conventional wall street protocol at the same time. that is power my friend. that is florida. >> it is florida. neil: absolutely. keep at it. keep at it. you're the best. i want to go to lydia hu. she is following a issue raising about janet yellen, if necessary we can backstop more deposits to stop contagion. a lot of people looked into that, wait a minute, exactly what is the treasury secretary janet yellen talking about? i want want to go to lydia hu at
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that. what are we hear about that? >> reporter: as you said treasury secretary janet yellen speaking today. it was at a meeting with the american bankers association in d.c. this is coming in the wake of collapse of silicon valley bank and signature bank and the decision there to make depositors whole even when accounts contained more than insured limit of $250,000. today yellen says the government may backstop more deposits if necessary. watch this. >> should have confidence in our banging system and it is our intention to remain vigilant in the days and weeks to come. that means potentially intervening if a smaller bank experiences the kinds of difficulties we've seen that pose the risk of contagion. >> reporter: now treasury department staff are reportedly considering whether to temporarily insure all deposits greater than $250,000.
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this is coming from bloomberg. it is a move requested by a coalition of mid-sized banks which says the government protection is needed now to prevent the financial crisis from worsening. such a move would be a turn from comments that yellen made just last week before the u.s. senate finance committee. and there we had a sound bite for you there, basically she was saying only a bank would be bailed out if it was considered by the fdic and her to, failing to protect them would have been creating a systemic risk. we have the sound bite here. watch this. >> will the deposits in every community bank in oklahoma regardless of their size be fully insured now? >> bank only gets that treatment if a majority of the fdic board and i in consultation with the president determine that the
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failure to protect uninsured depositors would create systemic risk. >> reporter: but this idea of further guarantying deposits is drawing ire from some republican lawmakers. the house freedom caucus issued a statement that said quote, any universal guarranty of all bank deposits whether implicit or explicit enshines a dangerous precedent that simply encourages future irresponsible behavior to be paid for by those not involved who followed the rules. for another perspective on this neil, i spoke to the immediate past president of the independent bankers association, hey, maybe it is type to consider raising the limit of $250,000 for insurance purposes but under no circumstances do they want to be forced to pay to make the depositors of silicon valley bank and signature bank whole now through special assessments that would be levied against all banks, neil. neil: yeah, but if you think
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about lydia, you reported it just so, if you bail out some, increase deposit insurance for some, it's slippery slope you say yeah, but not for you. i don't know where that's going. it will be pretty dramatic. lydia, thank you very, very much. i want to go to eric kantor on this. you might remember him of course. he was the house majority leader. he was there at the time we had the big meltdown. so much i wanted to talk to him about. eric, always great having you. thank you. >> neil, always a pleasure to be with you. neil: what do you make of this move kicking around? sounds like more than kicking around. a lot of fed heads are talking about expanding fdic insurance making it limitless across the board of the latter is a little dicey, but your thoughts. >> first top line sort of view on that is, anytime you're going to row provide universal backstop, i think you do invite
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very, very risky behavior. i'm not necessarily in favor of doing that but i think what you have with the situation here is, the reality in our country, which really does set us very much apart from banking systems certainly in europe and other countries is we rely heavily on regional and community banks. they provide a disproportionate service in terms of credit access to our small businesses, which are the backbone of our economy and of job creation. so i think what has happened now is that as janet yellen just indicated there was a systematically important designation awarded to silicon valley bank in the instance that occurred last week but i don't think you can necessarily say when you saw senator james langford on there whether all oklahoma community banks will be awarded the same type of assistance, i'm not sure in particular each community bank deserves that designation but in
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the aggregate community regional banks are systematically important. i think that is the issue the regulators certainly have to wrestle with. neil: do you think we have too many of them? a lot of people have been on my show, talking about the fact that with thousands of them, you don't need that many maybe there is comeuppance going on here? paying we're seeing it play out, eric, so many leaving smaller banks, they deem to be safer confines of big institutions like bank of america or chase, or wells fargo all the big ones? >> but again, you mentioned my involvement back in '07 and '08 when the great financial collapse occurred. neil: right. >> that was exactly the lesson we took away. we don't want overly concentrated reliance on big money center banks. i think it is actually to our country's benefit that we do have a strong independent community regional bank system. it allows for specialization.
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it allows for access to small businesses, to family farms. neil: no, doubt, eric. but can't you see a possibility here through no fault of banks in question here, not talking about republics, signatures, silicon valleys, doing all the right thing, their customers, their depositors are nervous. wants the protection of a bigger bank isn't presumably as leveraged or isn't as exposed to some things but has the wherewithal to deal with a crisis should everything hit the fan, that reality is sinking in? >> i do think you're right. i think in the immediate aftermath of the svb crisis last week, i don't think it was irrational for the depositor to say small business who needed to make payroll to make sure my money is okay. at the end of the day it is different now than it was in '08. we have a situation where the assets are making up the regulatory capital at these
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banks including silicon valley bank, these are assets that are government instruments, they are treasury instruments. they just happen to be long dated. so there is a mismatch with the short-term withdrawals of deposits. so i think the government's move into let's say, seg ture bank, the move signature bank, the move yellened is jamie dimon to get involved with first repun and regulators had to be involved with other banks making deposits into first republic. you generally don't want intertwining of the banking system like that but they went ahead signaled that was okay, they wanted to say we'll do whatever it takes to insure confidence in the regional, banking system. i do think that hopefully that sends a signal unlike in '08, they didn't draw the line. there is now a belief we've got to uphold this systematically important role in aggregate of our community and regional banks. neil: you know while i have you
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as prominent republican still, you were certainly among the leadership not that many years ago you know this back and forth that donald trump possibly could be arrested. it doesn't look like it is happening today but in the course of this back and forth congressman you probably heard that he is recommended to those loyal to him protest, let it know we have to take our nation back. i'm paraphrasing here. i want to get your thoughts on that? >> obviously, no one, i certainly do not condone any type of violent protests but americans we have the right to speak out, if people want to protest okay, as long as it is not endangering the lives of other people. neil, there is indication then, there is politicization just about everything we do in our country today. another instance when something happens now it has, takes on a political life of its own and i do think you're going to continue to see type of activity around any type of action that
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is undertape by a democratically elected prosecutor in new york that seems to indicate he wants to launch a an indictment against a former president who is also a candidate for president this time around. so again all of that speaks to politics and i just think that's where we are in our country today. neil: so if donald trump were the nominee, if he survives all of these legal battles, quite a few, would you support him? >> look i support the republican nominee. i am a free market, limited government, strong national security republican and if that is who our party nominates i will support our party's nominee, including donald trump. neil: all right. got it. eric, very good catching up with you on a lot of issues. we appreciate that. eric cantor on all of that. meantime we have surprising strong news on the housing
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even worried about the rate hikes we've seen in our country. it started a year ago. you could almost dovetail but the failure of china economy to get over lockdown issues, zero come lance to covid issues, they thought they would get over the zero tolerance thing there wouldn't be issues. the bottom line, they hear the u.s., other western powers are still poised, remember europeans did this last week, to keep lining interest rates, china is worried about it. what does that tell you? rob spaulding joining us u.s. air force brigadier general, author of the best-seller, "war without rules." general, a real honor to have you, thank you. >> thank you. great to be back. neil: let me ask you first off about china's concern about this rate rise environment. i get where they're coming from economically. but what i took from that general, they don't, not look at this stuff. i mean, bellicose their language
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and everything, they keep one eye on the economic environment because that's what makes them the superpower they are right now, you know, and the demand for their goods and chinese people demand for the world's goods. that they are wondering and fear something in question. what do you make of that? >> well, i mean, right now just like everybody, they need capital and what they saw as a problem was the outflow of capital to china. so you, one of the things, reasons they went to zero covid was to open up the doors to get capital flowing back in. this fed rate tightening really saw a a flight of capital into treasurys. so that is the thing they were concerned about, obviously, you know, the silicon valley bank now, really changes the character of that a little bit for them. neil: i wonder too, general, you
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always think that countries concerned about their economic interests would be less disposed to think about their military ones or at least commit military, provocative acts in an environment where they can face the same thing that russia is facing right now, alien ages -- alienation around the globe, save china. same thing would happen to them, much greater power, greater economic power that would do them enormous harm or are they past caring what do you think? >> well they mix the two. they have something called civil military fusion. so they actually force their commercial companies to give you will of their best technology to their military. when they think of war they don't stop at the battlefield. they think of economics and finance and trade. they think about universities. they think about politics, geopolitics. it all mixes together. you know one of the things that kissinger used to say we play chess in the west, they play go. go is much more of a full
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spectrum game and in a sense the chinese play an infinite game, meaning they seek to be a player, continue to be relevant or even more relevant going forward where we look for wins and losses this is a completely different way of thinking about the problem. neil: they must know though, general, other than any action let's take taiwan or get militarily involved to the degree they're giving lethal weapons to russia to fight in ukraine ups the ante where we would almost have to respond by some sort of economic sanctions, something that would hurt us as well by the way but our argument has always been it would hurt the chinese more. what do you think? >> well china has had, and xi xinping has forced this reliance on indigenous production. they have also built the belt and road initiative. so they have been planning long term for the possibility that they might be isolated. the reason is, that they have never given up using military
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force to take back taiwan. so they have had to prepare themselves for that. the other issue that they have is the reliance on energy through the straits of malaca. now they can rely on russia almost entirely reliant on china for resources. so they have created a system that is apart from the global order in anticipation of being isolated from the global order. neil: general, a final question, probably it is pretty simplistic, maybe you can help me with it, and it doesn't matter whether we think china will invade taiwan but whether they think we think we're going to respond if they do, what do you think? >> well, you know, one of the things that we had during the cold war that we fourth quarter discussed focused on, talked a lot about is nuclear weapons.
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this is one of the things china has built their nuclear strategy around. as long as taiwan, the rest of the countries in the region don't have nuclear weapons they are not as deterred they otherwise would be. we introduced nuclear weapons into the european theater to prevent russians from invading western europe. china feels like they can go after taiwan because there is not going to be a nuclear response that comes. which means they have the predominance of military power on their side of the taiwan strait. neil: we'll have to watch carefully, thank you very much. most importantly for your service to this country, u.s. retired brigadier general rob spalding. meantime speaking of all things china, we're so focused on tiktok lately we might have lost site after powerful phenomena, cap cut, chinese social media concern. that is trivializing here.
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the downloads are over the top, the latest on what this means with madison alworth. madison? >> reporter: neil, cap cut is rising in popularity. because of its structure it is largely avoided the same scrutiny as tiktok. the app is also owned by tiktok parent company bytedance. it's tool app that enables users to edit videos. because it is not a social media platform there is not a focus how they handle data. they continue to collect more and more data as the app grows in popularity. currently it is number two on the top chart of the apple app store with tiktok in fourth. capcut captures following data it says the stores data in u.s. and singapore similar to tiktok. when we asked if data is shared with china, the company did not comment. on thursday the ceo of tiktok will testify before congress on
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data and security concerns. he released a video today making a plea to the millions of u.s. users on the app. >> started talking about banning tiktok. this could take tiktok away from all 150 million of you. i will be testifying before congress later this week to share all we're doing to protect americans using the app, deliver on the mission to inspire creativity and to bring joy. >> reporter: but washington has real concerns over security as more evidence comes forward. according to data from fair foot security, more than two dozen state government websites contain web tracking code made by tiktok parent company bytedance. those include state governments that banned the app on state devices. this shows you how hard it is to crack down on data collection efforts by this company. i will send it back to you. neil: thank you, madison alworth on all of that. in florida they're in the middle of something called spring break.
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florida enjoys more spring breaksers than any state in the country save miami that has a curfew inspired by shootings that took place a few days ago. the read right now from one of the state's more prominent congresswoman. what she makes of this and what miami and floridians can do about that after this.
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>> fort lauderdale, 2023. >> up in the club! >> we don't want spring break. we don't ask for it. we endure it. spring break is a different kind of vacationer. neil: all right. we don't want spring break, we endure it. that is probably one of the more subtle lines we heard. miami beach residents, when kids come from all over, it is a story of packed streets, packed restaurants, and sometimes violence. sometimes deadly violence.
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two were killed over the weekend. on again, off again curfew has been in effect. miami council going forward we want to limit this, make this not such a strain for people to associate with miami beach that this is not a safe place to go. this is the second year in row. some cite three years in a row. covid period coming out, that was a mom my len. get read congresswoman anna paulina luna. the st. pete burke district by tampa area. thanks for coming on, congressman. >> thanks for having me back, neil. neil: first your thoughts on miami beach. i believe this is not you. you said this is not indicative of all of florida. certainly florida has one of the lower crime rates among booming streets, i get that but this is giving people pause, thinking gee, maybe i shouldn't come. are you worried about that?
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>> you know, i don't think it is going long term having a impact on florida. we have spring break destinations here in my district, clearwater, st. pete beach, across the state of florida, unfortunately when you get a lot of massive kids, drinking is involved, this kind of stuff happens. i want to be clear about something. we have some of the bravest law enforcement in the country. i think the governor has been pretty straightforward how we back the blue. this type of behavior will not be tolerated. i ask people if you're sending kids down to florida on spring break, be the parent, check in them, insure they're not doing this stuff. i do think there is accountability mechanism back home. these kids do go back. they have to answer for some of their behavior. unfortunately with he live in digital age. what you do now might remember to come back to haunt you later on. remember that. neil: that is a good point. congresswoman, one other thing the deluge of people, much to
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the deluge of people moving to florida, and more people come in, the more likely this type of thing could happen. what do you think of that? >> well, i can tell you, being at my districts, one of them we have a ton of people are now coming to florida because of our policies and really what we saw during the covid lockdowns is people realized are we going to con being an area where we feel our voices are not being heard? or will we go to a place like florida where we literally live in paradise, have one of the freest states in the country. so i think, as soon as people get here, part of the reason why they're coming here is because they want strong law enforcement communities, they want safety, they want good schools for their kids. so ultimately i don't think this is going to contribute as i said before, governor desantis, many prominent republican politicians in the state of florida, backed blue. we saw that during the summer riots of blm.
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we don't toll rate that in florida. neil: i would be remiss, you mentioned governor desantis, all indications congresswoman he will run for president. do you think he will, do you think he should? >> you know i really respect governor desantis. i will continue to support him as my governor here in the state of florida but i think right now, especially what we're seeing happening what we saw transpire over the last week with the manhattan d.a., president trump is i believe the leader that we need right now. i say that because what i learned in politics, neil, right now we need a strong leader who will really keep countries like russia and china in check. we need that strong leadership. to have respect on the world stage. so i look forward to a future run for governor desantis but i have already supported, i will continue to support president trump for 2024. neil: so i raised that question with you because, i don't think it is going to happen today but he had mentioned a lot to his supporters that he was going to be arrested today. that does not seem to be in the works. i don't know when it could be in
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the works. whether potential grand jury indictment over alleged payoff to a porn star happens but the fact that he had urged protests, you know, his supporters to show up and help take the nation back, what did you think of that? >> well, in that response i said that people absolutely have the right for peaceful protests, obviously what we saw it is extremely alarming because that whole idea of him being arrested actually i think was floated by the manhattan d.a. being that one, these charges are outside the statute of limitation, this seems like it is politically motivated but i want to put this in perspective anytime this happens to any president, especially someone running for office, has been such a target for the weaponized leftist justice system i think that is extremely alarming for any republican or conservative, in fact any party in general. it shouldn't be happening in our country and i think this is a very dangerous time because it
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does show that there is a double standard that exists in the justice system. that is something that regardless of part affiliation i will always continue to stand against. neil: got it. congressman, thank you very much. we'll keep an eye on this, whether anything materializes but to your point it does not look like this incident, this indictment, arrest, whatever you want to call it is going to happen today but we'll keep an eye on it. congressman, thank you very, very much. meantime disney has popular feature, it is a small world after all. who knew they were referring to the member the number of workery have or soon won't have, after this
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state, a lot of demand for theme parks, has disney looking to extend hours here. gary kaltbaum walks right in as a famous orlando resident. they see him, they say right this way avoid the lines. gary, great seeing you again, my friend. what are we to make of this, what are we to know what kind of layoffs are we talking about? >> well bob iger came in, saw what the stock price has done over the last couple of years, realized some things have to be done. activists come in, shouting also. i think they're going more corporate right now. they really can't do much at the parks because as you said, neil, the parks are packed. when i mean packed i mean packed. so i think it is going to be corporatewise. i think it is something that he think needs to be done. when you have activists around, you have a stock price completely underperformed markets over the last couple years you have to act. neil: so you were telling me, gary, because you know the parks quite well, disney as a
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corporation quite well, right after covid they weren't, you know, having huge crowds come in. they were still dealing with smaller than usual allotment of people allowed into the park. people liked that as a result but i guess, has that gone by the wayside? >> oh, yeah. lines, when you go there if you don't have a fast pass you're waiting in lines. i think that is one of the bigger complaints from the consumers there. and just remember something very important about disney that a lot of people don't know, they are huge in streaming, they are huge in movies, they are huge in entertainment. they have to address all of that. they cut back how much they're spending with movies. i do want to let you know another "toy story" is coming out. i think another "frozen" is coming out. they know where their bread is buttered. a big job is to be done. stock price will make corporate chieftanses move, move pretty quickly. that is what you're seeing from
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bob iger as you took over from the last guy. neil: politically, bob seems to be a pragmatic guy, he leans to the left. he doesn't wear it on his sleeve. you know him far better than i do, i wonder how he balances that? does he think his predecessor who was thrown out went too far? >> one would suggest bob iger wants all quiet on the central florida front, neil, because it got very moist noisy. back when it boiled over, if you turned on every channel of the local news the first 15 minutes was disney and the governor. that's all passed now. hopefully, you can move forward, make it the happiest place on earth as they advertise. as i say to you, i fly in and out of orlando airport at least once a week going in or out. everybody is wearing mouse ears, either leaving or coming. they have still got good things going.
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they will have to improve on streaming, the expense side f they get that done, i think the stock price will do pretty well going forward. neil: real quickly, we're getting word, gary, i don't want to hit this with you broadside here, some bankers will converge on washington over the neck couple days. all of this time we're coming up with ways, means, support or at least provide a lifeline to beleagured small regional banks. where do you see that whole thing going? >> neil, there are so many moving parts right now. when i wake up this morning the big headline was, that janet yellen, powell, the rest are trying to get every deposit backed by the fdic and last i looked there is 15 or 20 trillion of deposits but the fdic has maybe 180 billion. so they will need a lot more if there is big trouble. the good news is at least for a day, things have calmed down but i must tell you i would stay on my toes because i'm not so sure
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this is over with yet. this took a while to get to this point. i'm pretty sure there are small banks going over the balance sheets right now trying to figure out if they have issues going forward but a good day, good to see the banks up for one day. we'll take it. they were discuss trashed and crushed over the last two to three weeks. neil: i don't want to rain on that parade but its half what it was today. we're up a lot more. but we'll see. we still have a ways to go as you often remind me, my friend. thank you very much, gary kaltbaum on all those developments. i want to go to brian brenberg what they're planning on "the big money show" 13 minutes away. hey, brian. brian: president biden issuing the first veto to keep the white house political agenda in your retirement account. more "coast to coast" after this. ♪.
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alleged silenced payments to the former porn star stormy daniels f it happens, it doesn't look increasingly like it is done today but the former president galvanized a great deal of support within his party, sympathetic support saying he was unfairly targeted by a democratic soros-bought prosecutor they say, treating him unfairly, trying to score political points in so doing. andrew mccarthy anyway joins us what to make of this, former u.s. district attorney and great having you on. i might have jumped the gun it wasn't happening today but it doesn't look like it is happen tag but what are you hearing? >> i think you're right it is not going to happen today, kneel. i think the best interpretation we have this is a investigative grand jury, meets on mondays, and wednesdays. that is what is being reported.
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it doesn't look like they returned an indictment. i wouldn't anticipate they could do one earlier than tomorrow. there is reporting they may have another witness tomorrow t may happen tomorrow in terms of the indictment being returned. we'll i think have to say. people need to understand. trump will not be arrested on the street. there will be coordination between the nypd and the secret service. they will make an arrangement when it seems secure for him to come surrender to appear in court. neil: i mean as a former president that comes with the job, that secret service has to always be around him, make sure he is safe. they would have to do something if it came to something like that. but you mentioned they have one more person to interview or talk to. robert costello testified yesterday because he had said he had heard things of michael cohen saying presumably about the alleged payments that just weren't true. i don't know the details of them. he was refuting cohen yet they
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didn't put cohen on the stand again to answer what costello had said. what should we read into that? >> i think if costello's big point was that you know, cohen is someones who reliability is questionable that is clear in spades given his criminal convictions and his history. so that would not have been something not all together too surpriserring to the grand jury. it may be he said something they have to respond to. that is why they want to put another witness on. it may also be, neil, since we're talking about falseification of records, the d.a.'s position no matter what you think of cohen the crime is really in the documents, not so much in the witness testimony. neil: where do you think this goes? i am taking another leap here but help me out, if you have a president who is indicted, on
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anything, can he still run for president? >> this is an amazing thing, neil. i love getting to say this but the only thing the constitution says is that a person needs to be over35, natural-born citizens and resident in the united states for 14 years. beyond that there is no constitutional restrictions on who can run for president. so the american people want to elect somebody who is under investigation, under indictment, under sentence, they're allowed to do it. we haven't seen it happen yet but you know they're allowed to do it. neil: knowing that those are the three criteria i guess i can run. all this time i guess they had something against italians. >> you can do it. neil: there we go. there we go. let me ask you one thing, another thing to run for president, and another thing to get elected to office. i push my luck.
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an indicted president. then what? >> it would be up to the congress to impeach the person who were elected under those circumstances. neil, we just, anyone who tells you they know what would happen is either delusional or lying. we have never had a situation like this. i don't think the framers ever thought that there could be a situation like this. i think part of the reason they designed the electoral college was to make sure something like this didn't happen but you know, here we are. neil: okay, all right. andrew, thank you very much. great seeing you my friend, andrew mccarthy following legal ins and outs of this case. does not look like today is the day this happens for one donald j. trump but we'll see. we'll have more after this.
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adam: we are focused on stocks, think about this. last fall this was $16,000 a coin, it is double with this bank craziness and helping out. now to brian on "the big money show". brian: maybe i could afford to purchase lunch? it is pretty good. 28 care. neil: yes.

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