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tv   Cavuto Coast to Coast  FOX Business  April 4, 2024 12:00pm-1:00pm EDT

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she says confidently. stuart: did you cheat? >> i wouldn't call it cheating but i may have pulled up a map. stuart: new york, connecticut, new jersey, maryland, delaware, virginia, south carolina, north carolina, florida, georgia. lauren: we missed delaware too. stuart: i missed virginia. okay, sports hands, don't forget to send in your friday feedback, keep your messages short, pithy is the word we prefer, send to viewers@fox.com. ashley, you're all right, lauren, you cheated, i know you did. time is up for us. coast-to-coast starts now.
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ashley: another jolt for evs, ford said no way, at least no way now. it is delaying all electric pickups and large suvs for another few years, some say is latest 2032, allow for the consumer market to further develop. good luck with that. forward the latest, gm has cut
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aggressively on production goals and industry leaders having a devil ford announcing it will delay production of new electric suvs and pickup truck offerings. the company shared plans to offer hybrid versions across its entire north american lineup by the end of the decade. the cause of a maker underscored will continue investing in evs but will postpone production of its suv
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from next year to 2,027 and delay the trucks a year to 2026
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ashley: the consumer decide. thank you for that. the alliance the other guys by looking at hybrids,
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>> a number of technologies to respond to a very diverse and competitive market like we see in the united states.
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this is a business show and you are good at this. this is a capital allocation question so am not going to con whether the government is in the punishments in business or not but what the government has done, you covered this is announced a new set of emissions rules for the next six years. what i will say is the rules that were finalized are a lot more friendly than the rules that were composed a year or so ago. they allow for multiple technology pathways and what you are seeing now is companies availing themselves of those technology pathways so they can respond to what consumers want and need now and in the future. neil: when you talk to your auto friends and those looking
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at these trends and evs just sit on lots for quite some time and there's a magic evened they envision down the road where the price of these vehicles come down, that could expand my volvo sales and the rest of the industry are stronger because they are not so highly priced but having said that compatibility issues, range issues, you could be off to the races but what do you think? >> different companies are in different places, some have more ev inventory, some are having more success selling evs right now. pricing get is a big consideration but the big consideration is where do i charge this? we talk to customers all the time. how far is it going to charge
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and where do i charge it? what you will see is the market will develop as publicly available charging develops because that, i need to charge the thing but it's also an indication that the technology is ready for prime time. as charging develops you will see upticks in the market. i also think the other dynamic you are dealing with is we are running out of early adopters, the tech savvy customer who wants the latest thing and moving into other segments of the market where customers have needs and wants that evs and price points are not responding to immediately. i think the market will be spiky overall, the trend will be growth. ashley: we will watch it closely. good seeing you again. thanks for stopping by. you might notice we are sprinting ahead. one of the smartest people i know in this business is charlie brady and he always
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updates us throughout the day on what's going on, what the nasdaq looks like, the s&p 500, he does these bulletins throughout the day because he has no life and because he's a genius and that is what geniuses do but he keeps track of this. thank god for that. expand on what charlie says is a record-setting day. talk about a genius as well. the managing director, what is going on, the market is trying to shake off big selloffs on fears of interest rates backing up, less of a fear today? are they getting their arms around the possibility that the fed will still cut rates but it might not happen so soon? >> it reminds me of the first week of january, this is the first week of the second quarter. if you go to the first week of the year, the markets were very squishy for three or four days,
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and a down week had given people some concern about the january it are -- january indicator looking at lower returns for the year but we have a great first quarter and i think after some selling after the market absorbed a lot of selling the first couple days it looks like now we still have this vibrant rotation even though tech isn't duplicated. and the last year and 1/2, i don't expect that it could. you have pickups from industrial materials, energy, and as you noted we are close
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to being on track for another round of new all-time highs, possibly starting today but tomorrow and next week. neil: when a market starts off the way this one did in the first quarter and a presidential election year generally very good for markets, finish a good year. >> clearly you get into that september october timeframe. that is when the market always has challenges technically, psychologically and that's a tough time of the year. april seems a very positive time of the year. they say sell in may and go away. if that holds up again, clearly
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probably getting to you are going to go there next, a lot of fed speakers yesterday and today everyone will dissected everything very carefully. we will see if we are still on track for rate cuts before the end of the year. todd: the rich president said we will take time with rate cuts so they might not come as soon as we started. a lot of various statistics come out but one that caught my attention, investors bullishness if i can say such a word, the most bullish they've been since 2018. that is promising but some use that as a counter indicator if everyone is so bullish they have to watch out, depends on the percentage i grant you but what do you think about stock skis? >> those sentiment numbers come in many forms, down a touch from where we were a week ago, we finished the first quarter very strong and some might be looking at starling out in the technology names driving the rally but it is important to
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look at where the big money is going that might be not going into tech as rapidly as it was. you look at these other sectors, materials trading at a 52 week high. some retailers, even amazon close to a 52 week high and some energy names with oil at the highest level since last october and other areas of the market potentially picking up steam. where those numbers are inflated, i wouldn't say are they euphoric or anywhere near bubble territory yet. neil: you would have to be where you were before the 87 crash. we will see where it sorts out. great seeing you. there's a new hope for bitcoin and a lot of crypto investments, traded in canada
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soon but that raises questions why the atmosphere here isn't so inviting. we have the sec commissioner with us. forget scaring a lot of crypto investors. she is worried about the sec as it stands now scaring off all investors. we will meet her next. ♪ ♪ (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way.
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to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when i first started golo and taking release, my cravings, they went away. and i was so surprised. you feel that your body is working and functioning the way it should be and you feel energized. golo has improved my life in so many ways. i'm able to stand and actually make dinner. i'm able to clean my house. i'm able to do just simple tasks that a lot of people call simple, but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works. her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name!
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it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. kind enough to join us. good to have you. you would argue not too long ago you are worried about the message of scaring off investors.
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regardless, investment crypto is another example but what do you think of the anxiety? >> the us markets have the best capital markets. one thing to do is transparent open public conversations with people in the market so we can understand where regulation needs to adjust and keep the lines of communication open so people have new products and we are willing to consider those and work with them so that they can get out in a compliant way when it is commercially viable. neil: you didn't want to put this in political terms, the jama democratic majority in the sec now but you talked about think bigger going on. countless people told me they
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used to feel comfortable speaking with the commission and staff. when it comes to interpretive guidance the commission is closed for business. >> the sec regulates these markets, our rules are complicated so when people have unique facts and circumstances our staff work with them to help them understand how the rules apply. that's more difficult and not because the staff doesn't have the knowledge, they are getting a message from the commission of which i am one, we shouldn't be providing that kind of help to work through these things. that is manifest in the crypto area but in traditional finance, mutual funds, people want to do new things and it's hard to do that now.
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adam: don't even know her grasp it but we want to regulate and we put the horse before the cart but that's not what's happening. what is the danger? >> you put your finger on it. we have to understand the technology. also unique opportunities it presents and we can figure out where regulation needs to adjust or experiment. ai is the topic of the day, we have to come up with a regulatory solution without knowing what you are trying to solve for. adam: an open forum. it can be nasty today and probably should be but seems closed off. with half of the engagement
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that has only gotten worse. >> it has. we can turn that around because we can open the doors backup, start talking get to people with public roundtable. neil: that is not happening. >> we are so busy with aggressive rulemaking agenda and trying to use enforcement as the end run to write regulations which is not a productive thing to do. neil: you are the expert on these matters but i think i qualify. one of the things i noticed, we are afraid of new technology to the point we've got to lock it down or lock participants up or send out warnings, when we get this okay, was done with a stern warning, kids, be careful, that was the message like investors are stupid.
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>> people should be careful but we remind people be skeptical, ask questions and that is part of our job too. the point about locking down technology and saying no to things when they are near nascent stages. instead of saying we want people to experiment with these things, we want to be the place where innovators want to come together and people can invest in these things and try them out we are losing is that part of what's important about america. neil: when you say these things, you are very professional and show great discretion but do you still get ostracized? i don't know if it's the equivalent of a kids table but do they let you freely express because you are expressing your anxieties here, how do you treat them?
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>> i speak my mind and we get along well. it's not a personal thing but this is a real policy disagreement. it's a disagreement what we are spending resources on and a disagreement about the process we are using and these are important issues and we need to have that discussion. people don't shut me down they tolerate my speaking out. neil: you speak out very kindly, you step back, not judgmentally. you should have a feisty debate on these issues. commissioner, at a very important time, open and aggressive debate. we do know something happening today, waiting for the phone call between president biden and benjamin netanyahu. it is going to still happen today. the two are at which's end with each other. we will explain next.
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that call. as controversial as it has ever been. >> reporter: there are stories that president biden is privately behind the scenes very mad at benjamin netanyahu on the world central kitchen. it is not all rage behind the scenes. we are learning when an aid worker got back from gaza walk out of a meeting with president biden, the president had no hard feelings. >> the president respects and americans right to protest. he understands this is a painful moment for many americans across the country. >> reporter: the president said he was outraged about the workers being killed in gaza but we know the same day the
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president approved more bombs to israel to aid their fight against hamas and there's no pressure on president biden to start threatening benjamin netanyahu that they will turn military aid off if israel moves on rafah or one of the millions displaced palestinians hiding out. >> if benjamin netanyahu were to order the idf into rafah at scale they would drop thousand pound bombs and sending a battalion to go after hamas and make no provision for civilians or humanitarian aid. i never said that before. >> reporter: president biden hasn't said anything close to that even after the world central kitchen workers were killed by that strike the israelis say it was a mistake they are sorry for. white house officials say there is no change to the president's position. there will be tough talk on the phone call we believe is happening as we speak.
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doesn't seem like a policy change is imminent. neil: that would be a big deal for a policy change in israel. i want to raise that with the director for the middle east and international law, scalia law school. what do you think? we've never done that before. in addition to our aid. over anything. any president. >> president biden is holding israel back from winning the war. peter doocy mentioned hamas has taken shelter in the last stronghold of rafah but that's where the hostages are. that's where the leadership behind the october 7th massacre is. if israel is not allowed to take out hamas, hamas will,
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like a cancer, grow back. when the united states was fighting isis, isis retreated to the city of rafah in syria, the united states proceeded than and fought until they got the last isis man, that destroyed 80% of the city at 90% of the inhabitants refugees. president biden saying raqqa for me but no rafah for thethe. neil: a member of the country's war cabinet is among those internally calling for new elections within the next six months. it is happening internally. what do we make of that? >> political competitive the incumbent prime minister who lost the last election, israelis believe that should happen in wartime.
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in september, there will be elections, could be six months away, depending how you count but that's not really close. what he is saying is, this is for the purpose of the war. he is in the government on one hand and political opposition. neil: let me get your take on where this goes. for six months, the anniversary of the october 7th attack by hamas on israel, rallying around israel hasn't lasted very long. are you surprised to buy that and the degree to which it has divided people? we used to have pro-palestinian rallies that in some countries are pro hamas rallies. >> they seemed to somehow understand that underneath the
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veneer of much of the world and the progressive left around the world is this anti-semitism that celebrate their attacks and essentially campaign to keep israel from defending itself. that's the question. so when did international opinion turned against israel? as soon as israel said we are not going to be just jews dying but defending ourselves. we will prevent ourselves from dying. that's when it became controversial. wise the world taking six months? president biden gave a stop order to israel and said you are going to be in trouble and cut off weapons if you take hamas's last stronghold, like the allies, invading europe on d-day, and stopping without taking out the nazi leadership. that is where the hostages are. biden has stopped israel from finishing off hamas and holds israel back.
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he also complains the people in rafah have nowhere to go, he does not put pressure on egypt to open the border, the egypt and border is right there. he treats the egyptian border as sacrosanct, god for bid someone from gaza should flee across the egyptian border the same way he does not treat the us border as sacrosanct. neil: it is a crazy world we will follow closely. thank you very much. we will keep you abreast of those talks. they are talking as we speak. in the meantime, updating you on donald trump, the money change the tapping. radio city, the money democrats raise, trump folks are saying they will dwarf that in florida. ♪
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you want powerful. get powerful. get real deal speed, reliability and power with xfinity. she shoots from here? that's kinda my thing. hi, i'm kevin, and i've lost 152 pounds on golo. (uplifting music) my biggest concern when i started golo was food. i'm a big guy and, shockingly, i like to eat. i was worried it was gonna be like other diets that were bland and restrictive. but with golo, my meals are great, and i'm no longer hungry like i was before. i'm so pleased i gave golo a shot. don't wait, go to golo.com. neil: you always hear biden is winning the money race, not
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doing so well when it comes to paul's but in the money department he's doing to than donald trump at a palm beach fundraiser the changes that quickly. charles: the signs are trump is making a comeback on the money front particularly money that is his week spot, ceo class, traditionally in recent years, it's starting to change now. i am getting this from big-money donors telling me if he is getting them back into the fold, the fundraiser should be a big one and the money is coming back. a couple things to point out, some big-money donors who trend republican are republican, who are out altogether, supporting donald trump.
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steve schwartzman, often close to trump over the years, serving with advisory councils, schwartzman is on the fence. he is not decided, should point out extortion was critical to trump's election do nihilism, what happened on january 6th. a long time republican. with the democratic party, going pretty far left but he might come back into the fold. one person who's not in the fold at least on the presidential side is ken griffin, the ceo billionaire ceo like schwartzman but he runs the citadel, security and investment empire. he's out of the presidential race.
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i asked, a long time republican traditional conservative and focus fundraising on the senate races where republicans have a chance to take the senate and selected house races. could this change? what griffin is saying, he's out of the presidential race. here's what's getting others back engaged on the donor class. trump's rise in the polls. you want to back a winner, a regulatory apparatus for trump and what he's up to. also biden moved to the left, ramping up regulations, promising taxes, what's going on on the border, i hear from voters, they don't like that --
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finishing the job. they are rooting out hamas. trump is gaining add a way to go, this is a headline, ken griffin was not supporting him for the presidency. griffin eyeballing it here, schwartzman is right here. neil: charlie gasparino. you want to follow the money, follow charlie on that. the campaign surrogate back with us as well. getting the landscape, let me get your take on where this is going, donald trump has a lot
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of people with a lot of money rallying around them. we are not here to divine why but he offers things they want to see and like to see, more going his way. will that make up the financial difference, this chasm between him and the president? >> the chasm is likely to persist. one reason is a lot of financial resources have to be diverted to his legal troubles. the super pacs affiliated with trump with trump's own personal wealth, he can't self fund this the way he could in 2016 or 2020. it will be difficult for him but the one silver lining is when it comes to donald trump, he has defied a lot of political rules of gravity and money is one of the. in 2016 he was significantly outraised by hillary clinton and still managed to pull off a win. i don't think money is as determinative when it comes to two people with the high name
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id as trump and biden but i think joe biden will outpace trump. neil: let me follow up on that issue. money might not be as crucial. it's the mother's milk of politics, didn't do him any good but the fact of the matter, appearances matter a great deal and you could argue president biden has been pounding a lot of battleground states to little avail with the exception of wisconsin and trump has been stymied by court cases and may be keeping grounded for a while. isn't that the bigger potential issue? >> absolutely right. you heard president biden travel to every one of the battleground states multiple times. i agree with sarah. this is not going to be a persuasion election. it will be a turnout election.
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americans have strong feelings about donald trump and president biden. that means turnout is going to be critical and this cash advantage you talked about matters in the way of the president's campaign opened a lot of field offices in battleground states that were decided by tens of thousands of votes. having a strong turnout organization, volunteers could make a huge difference between these candidates. neil: we talked about this a lot. with improving economic numbers. it is likely this year. that's the proverbial -- americans don't seize on it now kobe look appreciate it later. what do you think? >> the biden campaign has had a
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lot of wishful thinking when it comes to the economy. they treated the economic numbers as a messaging problem, not a policy problem. we've not contended with the fears and anxieties many voters have about affordability of every day life. they've been searching for a branding solution to this. whether it's bidenomics or graphics about how it is less expensive, the biden campaign does not have a compelling answer to the questions voters have about their economic futures, treating this as a messaging campaign rather than a policy issue, a problem the white house has, not presenting any solutions. that will be a problem for biden. . 20 talking about money a second ago and how the biden folks will spend. a lot of it will be resurrecting january 6th. they want to remind americans
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this is the guy who did that. what do you think of that strategy? >> there's reports of the president bringing on some new polling teams around him and others that were behind branding the maga effort in the midterm's where we -- democrats surprised a lot of prognosticators about our prospects, the fact that we increased the size of our senate caucus, barely lost the house by five seats and gotten smaller since republicans took over. i think it resonates with some of voters. this was a key component of what president biden focused on that speech in philadelphia before the election zeroing in on the message and the key group of voters out there. neil: great seeing you again and we will see how it sort out moneywise and paul wise. you might have heard a thing or
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two about a solar eclipse next week. for a large swath of the country will get a birds eye view of this. here's the thing. depending on where you are, mother nature could spoil it for you. we are on it after this. ♪ ♪
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neil: the last thing you want to hear as we get ready for this grand eclipse next week is the word rain. we are experiencing a lot of rain this week and they will continue. whether it continues next week is anyone's guess.
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the fox weather center, what are we looking at, will the weather be accommodating? brian: in areas. we have some problem spots. it is interesting, if you say where should i go, probably parts of the south because generally there might be drier, the reverse of what we are expecting. in the path of this, we wonder why this matters, the search volume for these places the top of this year. under complete path of this, search results up 950%. buffalo up 400%. people are caring a lot about this. this is the forecast. i want to zoom closer and across texas and arkansas that is where we have rough weather which means more cloud cover.
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across part of the heartland looking at a better chance of not having cloud cover which means a better chance of experiencing total eclipse, and across the great lakes, maine, things look great for your viewing of this. the big problem is severe weather, chance for severe weather in the afternoon monday. areas of texas, arkansas, watching for that. talking about totality. it's not just the area that will experience this eclipse, out on either side of this and you will see some eclipse of the sun. seattle is where we have the least of it but farther to the east and even towards florida you will see maybe 50% of an eclipse, the northeast, new york city, 95, some portion of
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the sun, you get the idea, everyone getting something of it but we have storms across the south and a tornado or two that afternoon and so many people travel to experience it. julie: your point you want to be safe in the cloud cover when it gets dark. spending one thousand dollars a night on a room for the pleasure than you have some issues. so good seeing you. on good look at the corner of wall and broad, teasing records, some of you, the same worries they had about the federal reserve delaying rate cuts for the rest of the year reverse themselves and that is the way on wall street. sometimes they have an eclipse of their mind. brian brenberg taking you to "the big money show"

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