Skip to main content

tv   Cavuto Live  FOX News  May 18, 2024 7:00am-8:01am PDT

7:00 am
♪ ♪ pete: well, the album is deeper waters by jeremy camp. check it out. will: where can they go get it? >> anywhere you stream music. pete: there you go. you had some moves up this too. rachel: pete's jealous. pete: that spin move? >> i can't teach you. rachel: just do it. >> it's this. you've just got to go like this. will: no, you went -- first of all -- [inaudible conversations] pete: with the microphone? >> hey, that's actually pretty good. i'm actually pretty impressed. [applause] rachel: grab the mic and do it, pete. >> a rock star soon. pete: that's not the his. >> what was that? pete: i don't know. jeremy if camp. rachel: thank, jeremy. pete: see you tomorrow. >> thank you. [inaudible conversations]
7:01 am
>> get away from the glass! [background sounds] neil: how would you like to be in the middle of all of that? fox on top of texas after a destructive and deadly storm touch down. thiess seven confirmed dead in the houston area after wind gusts reached more than 100 mile-per-hour. hundreds of thousands still without power, and we're tracking the legal storms as well from the fixation over donald trump's new york hush money trial to the folk on hunter bidens' two upcoming trials. will any of it matter to voters in november? and then the storm over my, shall we say, chat with the white house economic adviser jared bernstein after president biden continues to say inflation was 9 percent when he took
7:02 am
office. the facts see otherwise, it got nasty, and you'll get to see for yourself. ♪ ♪ neil: good morning, everybody. happy to have you, i'm neil cavuto. let's get right to it with the latest in houston and the fallout from a storm that ended up being a lot worse than earlier thought. let's get the latest from fox weather's katie western. hey, katie. >> reporter: hi, neil. yeah, you can see a lot of activity on the ground here this morning, lots of cleanup crews on site around a lot of those high-rise office buildings and hotels getting ready to keep boarding up the windows that were completely blown out from those strong winds that we dealt with. on the ground you're still going to see some glass left over, some insulation that blew out of office building, destroyed cars and blinds that came out of someone's office maybe right here where you can see hundreds of those windows still have yet to be boarded up. so that's really the priority on the ground right now.
7:03 am
but we know this all happened because of 100 mile-per-hour hurricane force winds. yesterday we really dealt with on and off rain that kind of hindered cleanup efforts, but i think they sped through a lot of it on the ground here in the downtown area because of it. now though we're heading into a drier stretch which isn't great a because we're looking at a few consistent days of pretty significant heat compared to what we've had in the last couple days, and the hundreds of thousands of people in harris county alone are worried about how they're going to get through this stretch of 90-degree days. some people are really not sure what they're going to do when it happens. >> we need help. i'm on a breathing machine. people over here have got medical issues. with we need help. we need water and food. >> i would like some answers as far as how long it's going to be. maybe we need plans to actually leave the area for a while. >> reporter: yeah, city officials are warning people without power that it could be out for at least a week. we'll have to see if that
7:04 am
changes at all throughout the day but, still, at least 500,000 without power in harris county right now, neil. neil: katie, that's incredible. thank you very much. you've been diligent this whole week, we appreciate that. i want to go to trudy thompson shoemaker, the american red cross, a volunteer. what are you discovering? how bad is this? >> it's bad. these folks need help, and red cross is on the ground, has been for about two weeks now, providing supplies and cleanup supplies as well as water and food, tarps, blankets, whatever they need we're trying to supply. but there are at lot of folks in need. particularly those still without power. neil: yeah. it's better than i think 560,000 last i heard, trudy, and obviously in hot and humid conditions, that doesn't make things any easier, does it? >> exactly. the mosquitoes have discovered an opportunity, and they are here in force, let me tell you k and with the hot weather coming
7:05 am
in, it's going to be really rough. so we're here to help and we need help. red cross is supplying a lot of materials and a lot of manpower through volunteers like myself, and we're asking your viewers to give us a hand. if they can donate, we would really, really appreciate that. neil: you're always there, trudy, and especially volunteering as you are, doing the lord's work. i'm just wondering, what do folks need right now? >> right now they are needing everything you can think of. think if everything you had were underwater or washed away, what would you need. you would need fresh water, you would need food. you would need baby supplies, pet supplies, dry clothing. they need bug spray. they need tarps. they need cleanup materials. we're delivering bleach,
7:06 am
shovels, rakes because they don't have their usual materials to clean up their areas. finish and think about it, they had a big storm, they had a big flood, they started cleanup efforts, and then got some of that done and it hit again. the winds, the tornadoes, the torrential rains. neil: yeah. >> so it's the all to do over again. they're discouraged, they're tired but they're resilient people. they, yesterday i met with some and the day before, and i think said we're going to be okay. we just need the help that we are getting to get back on our feet. not only the physical help, but also the emotional support. lots of hugs, lots of thank yous, lots of thumbs up. we'll be okay, just keep the support coming. and if so they need to know that your viewers or are thinking about 'em and sending 'em good vibeses, because they need all the good vibeses they can get, let me tell you.
7:07 am
neil: you're part of those good jibes -- vibes, trudy. thank you and thank the red cross for all the good it's doing. there's a reason we're leading with this story, because of the clear human need. trudy, thank you again. we're also following some political storms that are gripping this country. we're talking, of course, about donald trump trials, hunter biden facing two whereupon coming trials. a busy time for trials. madeleine rivera has more. >> reporter: good morning, neil. former president trump's hush money trial reaches its end, the president's son's legal problems will soon take center stage. the tile for hunter biden's federal gun trial is scheduled to take place june 3rd. he failed to fill out a form in 2018. the federal judge rejected hunter's legal team's efforts to push the trial back until september saying the case wasn't complicated. hunter was also looking to delay
7:08 am
his tax trial in california. he's charged with three felonies is and is six misdemeanors there for failing to pay $1.4348 in taxes between -- 1.4 million in taxes between 2016-2019. david weiss is slamming the defense ' request to -- defense's request to slow things down saying in part counsel offers a handful of reasons why they want the trial delay of 77 days but money of them warrant a continuance. the motion should be denied. as of now, hunter's tax trial is set to start june 20th, but there's a hearing next week on the motion to delay. meantime, closing arguments for trump's hush money trial could begin as soon as tuesday. michael cohen has had a grueling few days on the witness stand with the defense looking to undermine his credibility. attorney todd blanche accused cohen of lying about a phone call he made to trump's former bodyguard in 2016. cohen testified tuesday the call was to speak with trump about the stormy daniels' payment
7:09 am
deal, but blanche showed the text that he reached out to shiller about a that a fasting text he was getting from a 14-year-old. the trial reveal finish resumes monday. neil: want to go to john yoo right now, former e deputy assistant attorney general, legal eagle exthe record name. talk that the judge would like closing arguments maybe by tuesday or get the process going. is that doable? in oh, yes. i think key for the trial, and if this has been, i think, to president trump's advantage, is that the prosecution's case is ending with michael cohen. convicted perjurer, convicted tax evader, someone -- a federal judge has said you can't tell whether this guy's ever telling the truth. so if you're donald trump, you may want that to be the last image in the mind of the jury. so trump could put on his own
7:10 am
witnesses. for example, on fox we've been talking about bob with costello who was michael cohen's lawyer a few years ago 40 had some very interesting impeachment evidence on the credibility of michael cohen about how he's changed his story preetedly. but trump -- repeatedly. but trump might want to go directly, keep the defense very short and go directly to the secure so the jury will end watching the proceedings with michael cohen in their memories. if. neil: i think you lawyers call it don't overplay your hand. so there is a great expectations to bring on, like, a costello, even a brad smith, some of these names that have been mentioned, but you might risk losing a good thing or veering i down a different path. why is that when costello would seem on paper to be a pretty compelling witness, what he could say about cohen who never at the time he was representing him talked about anything nefarious with donald trump but did after the fact? that might be too tempting to pass up.
7:11 am
why not? >> i always thought trial lawyers like craps more than poker. that's more like their game. [laughter] i think it might look like this: two points, as you say, he might want to raise, and you want to get through them quickly. calling someone who's an expert on campaign finance like brad smith who was on the federal elections commission, a friend of mine. he come and testify and say, where's the crime, right? the d.a. is trying to say the bookkeeping, accounting misdemeanors are really to cover up something else. where's that crime? is it a federal election crime? brad smith can say very quickly, under the laws that exist, no. now, i think this judge may be unwilling to let smith testify that much, and then maybe one witness to attack michael cohen's credibility like bob costello. but i think if you were trump's lawyers, you watched what happened this past two, three weeks, the prosecution almost trigger a mistrial with stormy
7:12 am
daniels and end with someone like michael cohen, the worst possible conditions a prosecution could ever -- witness a prosecution could ever want to rest are their case on, you might say let's go right to the jury. if you're confident and think you did really well, you would do that. if you think you did or poorly, that the prosecutor might win, you might put on a much longer defense with a lot of witnesses. neil: i take it you're saying it wouldn't be good legal advice for donald trump to take the stand. >> this is the thing i think, you know, that's the real -- [laughter] it is a a a real blockbuster question here because you can see the prosecution, i think part of their game is to taunt trump, to goad him into taking the stand. he has taken the stand in two previous cases. they didn't turn out well for him. finish and so i think it would be a big mistake. trump has the fifth amendment right against self-incrimination, plus the
7:13 am
constitution requires the prosecution prove its case beyond a reasonable doubt which means that the defense doesn't have to do anything if the prosecution's case looks weak. i think a smart trial lawyer watching what's been going on, they say to president trump sit down, let us take care of it. we think we've done a great job. we're going to continue going after michael cohen. that's why monday is really important because they have not finished cohen's cross-examination. i think cohen might have some little credibility left, they have to go for the jugular on monday and finish him up. neil: meanwhile, the hunter biden question delayed, these couple trials, i remember democrats were criticizing donald trump for the delay tactic, but they use it themselves. what do you think of the likelihood, because the one would be around the time of his father's first debate with donald trump. what do you think? >> yeah, we've talked earlier how donald trump's overall legal strategy has been really successful, pushing off the three other prosecutions and
7:14 am
this weak one might be the only one. biden's trial strategy the has been a disaster, and it's been the exact reverse. they are managing to place the timing of their trial smack in the middle of the first presidential debates. they should have pled this case out long ago. the last thing they want is to have an open trial with all this information being presented in the voters' minds right during the summer. [laughter] i don't understand what they think they were doing. in a way with, they were trying to copy trump's trial strategy, being very public of being aggressive, not pleading, going to trial. but it's been -- the timing has been a real disaster for hunter biden. neil: yeah. to put it mildly. john, thank you. always good catching up and learning the facts. now we've got two separate, big trial issues on this matter here that could influence how this presidential race goes. we're going to be looking at that and we'll have have a lot more detail because this is sort of the wildcard, how these
7:15 am
trials are absorbed by the american voters, by you. after this. is a rate based on you, with allstate. because you know the right way to save. stop! save with drivewise and get a rate based on you. you're in good hands with allstate. mylowe's rewards credit card saves us 5% on the things we need. 5% off. - 5% off. 5% of. and, as loyalty members, we get points toward mylowe's money for the things we want. oh, we want this. the all new mylowe's rewars loyalty program is her. download the app to joi, earn and save toda. this looks like an actual farm. it looks cute on the app. [farm animal sounds] ♪ meanwhile, at a vrbo... when other vacation rentals aren't what they're cracked up to be,
7:16 am
try one where you know what you'll get.
7:17 am
7:18 am
neil: all right, if trials are damaging, donald trump has a funny way of showing it. right now he's leading in battleground state polls and that is where this constant coverage every day on all the major networks with his hush money trial. hunterrer biden hoping for a delay in his trials, but these will be plague out around the same time we're getting the first presidential debate next month. julia manchester weighing in on the political fallout from all of this. if you're donald trump, you're not too worried for the time being. if you're hunter biden or certainly his dad, you kind of are worried about that one, but what do you think the impact is? too early to tell, but what do you think? >> neil, look, for donald trump and his trials, neil, looking at these polls i don't necessarily think these trials are necessarily having an impact on
7:19 am
the polls. in fact, i think these polls are more reflective about what americans think about the economy, crime, the situation at the southern border, those kitchen table issues. now, i think that could potentially change if there's a conviction or not a conviction. we'll have to see. but it's too early to tell at this point in the case. now, in terms of hunter biden and joe biden, look, that hasn't gotten the same amount of coverage as former president trump's trial, and it's still, you know, underway, the proceedings and preparation for the trial itself. but once again, you know, even though president biden's critics, very conservative republicans might push back against hunter biden, that might be fuel for, you know, their conversations, their arguments against joe biden, i don't think that's necessarily impacting the polls the same way that those kitchen table issues are. neil: you know, you talk about the kitchen table issues, and one of those issues is the tow and how it's sprinting along --
7:20 am
dow. it just crossed 40,000 yesterday. the administration didn't spend any time crowing about that at least online as if to say this is a reflection of an improving economy and corporate earnings. they have a case the make that the backdrop might be sound or looking better when it comes to wall street, but a lot of folks ain't feeling it on main street. that's the conone drum, right? >> yeah, and that's the key. so you have the biden administration touting the stock market, you know, touting those gains, and, you know, yes, absolutely, that is a sign of a growing economy. but americans, you know, your average american on main street is looking at that and seeing a disconnect between that and inflation. you know, what it, what it's hike to buy, you know, buy a house or go to the grocery store, gas prices, etc. you know, there are two different indicators, and i think the biden campaign what they have to do going forward is try to connect those two indicators, and that's going to be really difficult right now because we still see americans
7:21 am
not feeling that inflation go down, and t just easier for republicans to continue to point so that's -- yeah, another that. continuation of joe biden's struggle on how to message on the economy. now, if inflation starts to tick down even more and the dow, you know, there's continued gains, etc., that's great for the biden campaign. but right now we're not seeing that yet. neil: got it. julia, always good catching up, my friend. be well. have a safe weekend. >> you too. neil: all right. julia manchester on all of that. two the big developments regarding the border or that are very worrisome, not only this attack on agents there, tell you more about that, but two jordanian noncitizens showing up outside a u.s. military base. that's a little worrisome. actually, they both are, and we're on both after this. because so many of you who have served your country honorably, whether it's two years, four years, or thirty-two years,
7:22 am
like myself. one of the benefits that we as a country give you as a veteran is your eligibility for a va loan. not 80 percent but 100 percent the value of your home and that's what you can get at newday usa.
7:23 am
7:24 am
7:25 am
neil: all right, if your still asking what the heck were two jordanian noncitizens outside a marine base in virginia, what were they up to, what were they doing there? everyone's trying to find out9. lucas tomlinson has more on what f nicker we're learning from them. -- if anything, we're learning from them. >> reporter: authorities have not identified who these jordanians are. the white house and the pentagon have been very relate sent about the topic. let's start first with the white house and questions from peter doocy. >> so going to be really mindful of these two george dawn januaries remain in i.c.e -- jordanians remain in i.c.e. custody and given that it is an active law enforcement matter. >> reporter: and or, neil, i stopped by the pentagon thursday afternoon to ask them what the defense secretary knows about this incident. is the secretary confident in the safety and security of u.s. military bases not only in the
7:26 am
country, but around the world? >> he is. >> reporter: can you confirm he was briefed on this incident? >> i can tell you, lucas, that he tracks many different things all around the world. i will tell -- i'm not going to get into specific things that he's briefed on on a daily basis. >> reporter: so, neil, we'll take that as a mow or i don't know from sabrina. quantico is the home of newly-minted marine corps officers, where they're trained. right now there is no evidence these two jordanians are terrorists, but we know they are in the country illegally. in a statement, the base said the two men had no credentials allowing access to the base, and this is what happened next, neil, according to a statement. quote, the driver, ignoring the direct vices of the officers, continued to move the vehicle past the holding area and attempted to access marine corps base want coe. due to the swift response and execution of their duties, the officers were able to deploy the vehicle denial barriers prevent
7:27 am
any further access, so it appears the security did work and once again, neil, we do not know the identification of these people after they've been turned over to i.c.e. griff epogen kins actually went to the a press conference with the i.c.e. director, and he wouldn't say who they are. neil: two very quick questions. one, did they have weapons? did these guys are is weapons in their car? >> reporter: no sign of any weapons, neil. neil: okay. the second, after that very, you know, tense exchange with the pentagon spokesman, do you is still have your press pass at the pentagon? [laughter] >> reporter: i actually just got it renewed, so i was glad it worked, neil, when i went in there. that was part of going over there, just to test it out. the pentagon did not seem to be very familiar with the incident which i think is what drew my follow-up question. this incident happened two weeks ago, neil. you'd think this kind of issue would be brought up to some high levels, at least be briefed. you can imagine what the defense secretary is briefed on, a one-line update in a morning
7:28 am
briefing, and there's no evidence that took place. neil: yeah. but they said very little in exchange for that, that's what made that so newsworthy. lucas, great job as always, my friend. lucas tomlinson at the white house. chris olivera rahs, texas department of public safety, on another incident at the border that raised some serious concerns. you had u.s. agents who were forced to shoot a high brant -- migrant who assaulted them in eagle pass. what happened here, chris, exactly? >> well, good morning, neil. thanks for having me on. of course, we can talk about the border, and a as you reported earlier, you see how dire the situation is and how you have individuals that have ties to terrorism that is able to attempt to breach military bases. so it really shows the vulnerabilities of our border. but also talking about this incident in el paso, texas, where border agents were confronting illegal immigrants that do want to cause harm. these are not your typical immigrants that want to turn themselves in, these are individuals that have criminal
7:29 am
backgrounds that are violent, and we see is it firsthand when they attempt to assault or assault agents or anybody that's working along the border. it really shows hows how dangerous the situation is when you don't know who you're going to encounter. we experience it all the time as well that we don't know exactly who we're going to encounter. that's what takes this -- that's what makes the situation on the border more dangerous, the unknown of who you're dealing with. neil: well, what i know there from just covering this, chris, and you know far more than i, of course, whoever is coming, an increasing number of them are getting more aggressive, and they don't mind getting more aggressive, and they don't mind being videotape ised doing so when we're talking about the cartels. it's getting more brazen. what can you tell us? >> you know, you're absolutely correct, neil. these organizations, these criminals that are coming across especially from mexico and the cartels that do have some type of association or are affiliated with some of those individuals coming across are very aggressive towards law enforcement.
7:30 am
they are brazen. they don't take into account the fact that they operate, they operate pretty much with impunity because we've seen that in some of these cases where some of these illegal immigrants that do assault police officer or anyone on the border and then get let go, they get released. now, that creates a more higher alert for law enforcement that's working on the border because now these criminals, these dangerous people that are coming across is these violent tendencies to assault our agents or state trooper, whoever's work on the front lines because of the aggressiveness. manges it much more dangerous when you don't know exactly who you're dealing with and what their intentions are in term of towards law enforcement. neil: yeah. the one thing i find, we know the record numbers who are trying to get in here, that we know. but i worry about the so-called gotaways, and those numbers are rocketing. we have some graphics to show people at home here. what's happening now and what's leading to so many, you know, when they cross they're never
7:31 am
found? >> you know, neil, this has always been an issue, gotaways. we've talked about this over the last few years, and the numbers have good luck candidated. -- fluctuated. from a law enforcement per if spective, i the can tell you the number's much pier -- higher because that's based off a camera image or a sensor. there's no telling how many people are associated with a group, a particular group, so that number's much high every. -- higher. in texas the last three years we've talked about this numerous times on your show, we have been using every resource at our disposal trying to two after some of these criminals, trying to decrease the number of illegal border cross,s and we have been successful. of course, the last three years now texas is no longer the hot spot for illegal border crossings. we are down to 72% overall, and we have shifted that opportunity towards california and arizona because of our efforts. so it really shows what texas is doing in stepping up. neil: chris, i don't envy your job but, man, oh, man, do i
7:32 am
admire how you're going about it. >> likewise, neil. thank you. neil: chris oliveras. all right, i don't know if you're familiar with people who still believe the earth is frat. there are people who actually d. you can prove it and say there's satellite images, it's a round thing, no one's falling off. there's another crowd that says inflation was 9% when joe biden took office. here's the problem, it's joe biden saying that. biden saying that. the controversy over that after this. t scotts healthy plus will cure it! lawn disease? been going around. so like other people have it and it's not... pick up a bag of the new scotts turf builder healthy plus lawn food today. feed your lawn. feed it. only purple's gel flex grid passes the raw egg test. no other mattress cradles your body and simultaneously supports your spine. memory foam doesn't come close. get your best sleep guaranteed. save up to $800 during our memorial day sale. visit purple.com or a store near you ahh. it's a good day to cough. oh no.
7:33 am
bye, bye cough. later chest congestion. hello 12 hours of relief. 12 hours!! not coughing at the movies!? hashtag still not coughing?! ahh! mucinex dm 12 hour doesn't just quiet coughs, it treats coughs caused by excess mucus at the source and controls them for 12 hours. it's comeback season. stubborn chest congestion? try mucinex 12 hour.
7:34 am
7:35 am
7:36 am
7:37 am
reduced inflation from 9% down to close to 3. we're in a situation where we're better situated than we were when we took office. it was 9% when i came to office. 9, but look, people have a right to be concerned. i think inflation has gone slightly up, which was at 9% when i came in, and it's now down around 3. jared, why does he keep saying that you're his top economic. you're the head of the council of economic advisors. do you ever whisper in his ear, mr. president, just to be technical about it, it wasn't 9% when you assumed office, it was 1.4. it got as high as 9% in 2022. you brought it down from that. but it was never, ever, ever 9% when you
7:38 am
came into office. so why does he keep saying it? well, first of all, let me point out that in that very quote you played, the president talked about how concerned he was for households struggling with prices, that he consistently. that's not what i asked you. that's not what i asked you. why does he keep misrepresenting this? he's making the point that the factors that caused inflation to climb to 9% were in place when he took office. i think that was not what he said. he said it was at 9. it would eventually get to 9% a little over a year after that. but the fact of the matter is, it wasn't 9. so if i can't trust him quoting data in real time, why should i believe what he's talking about now? so the annual growth in core inflation in the second quarter of 21 was, in fact, about 9. and his point about inflation down 60% off its peak is very much the case. so no, it wasn't it was not. it it was not at that. so
7:39 am
you're almost as bad as he is. why can't you just say it was high. it got as high as 9. you'd be accurate in saying that. and we have now brought it down. and we're struggling in around the 3% area. but it's better than it was. but instead to hang it on his predecessor, to hang it on his predecessor that you inherited something that was through the roof when we were in the middle of covid. it just seems to the american people, whether you're republican or democrat, you're lying. you're just lying. well, hold on, i hear you, i hear you, i the president was making the point that i think is unequivocally true. the factors that took inflation to 9% were in place when he took office. that is not what he said, jared. and you're a very smart guy with this stuff. you could just whisper and he's a good friend of yours. obviously he thinks the world of you, many others do as well. you could have just told him, chief, i got to tell you, mr. president, whatever you say, you might even, in fact call him joe. that's how close you are. and just say, sir, it was not 9. stop it with the 9, because the more you say that, the more
7:40 am
people don't believe what you're saying. look, i think what the american people care most about is this true inflation? inflation truth. jared. hold on. neil. neil. this only works if you let me talk. okay. do you have an answer? my question i've asked it five times five, five ways. the president was making the point that the factors that caused inflation were in place when he took office. and that's unequivocally true. i take your point. and we can have we can we can go on all day back and forth on this. i think what matters today is, are we making progress on lowering costs as well as lowering inflation? you know, they're not the same thing. lowering both inflation and costs. on behalf of the american people, i think we saw a great cpi report yesterday in that regard. but that's just one data point. i give up, it's not my point. it's and it's not my fact. it's just a fact. so from here on out, america, i want you to know that i'm 175 pounds, not an ounce overweight. in fact, everywhere i go, people say, why, you're an adonis. you're looking so
7:41 am
terrific. all right, guess when you keep but i just cannot not fact. we all, anyone who is alive in january of 21 knows administration doesn't just stand up and say, you know what that is? category false. it was not 9.1% when you came into office, and whether or not the seeds were planted there. to your point, that's not what
7:42 am
>> in the spring of '21, i think it was april, when it went to 3.1, in one move it busted up 2%, that's when jay powell -- neil: very good point, very good point. >> he was going to start to pull back. the fact he never did, remember, he was also fighting for his job because he was going to be reappointed in january of 2022, so he didn't want to disrupt the apple cart and biden doesn't want to disrupt the apple cart with is such low interest rates. the idea that it was 9% when he took office is completely false. neil: all right. please don't bore me with facts, kenny, i really don't have time for it. [laughter] i don't know what the facts are behind the dow crossing 40,000 as it finally did yesterday. i do know it's been on a tear. you've been way ahead of this curve talking about this tear. donald trump took a bow for this as did joe biden who tweeted out that this is great news for
7:43 am
americans, the it's a reflection of what he's doing. but donald trump had this to say about it. this is from donald trump. enter the only reason, by the way, the stock market goes up is that i'm leading in all the polls. if i weren't leading, the stock market would be way down. but i'm leading, and based on the fact that i'm leading, the stock market is up. if biden won, you would have a crash like 1929. neil: oh, god. all right, i don't know about that one. that looks like a stretch to me, but having said that, i mean, what is behind this dow surge? what do you think? >> what is behind it, and i hate to say it's neither one of them, it's neither party, right? they each want to take credit when they can, and they don't want to take credit, certainly, when it goes the other way. what's behind it is the idea that we're getting declining inflation. yes, that's oned idea, the idea we're going to get declining interest rates and stimulate the economy. i don't think my of those at the moment are true. yes, the inflation has come down
7:44 am
from 9, but it's stuck here at 3.4% and likely going higher because once all that infrastructure money really starts to hit the tape, once they start to spend it this year, it's going to cause inflation to surge, and i think jay powell's in a tough spot and he knows it. the anticipation of all that happening, whether investors realize it, when they realize rates are not coming down, i think we'll have a pullback. not big, but a pullback. neil: all right. you call your own balls and strikes, young man, and we appreciate that. kenny polcari, one of the best i know covering this market, i appreciate you taking time on a saturday. in the meantime, jerome. powell, the fed chairman, you know, he has covid. in fact, he is doing his graduation address to the students at georgetown, you know, via remote. remember when if someone had covid, that was a big deal? it's not as much right now. he's doing his job, life goes on. a lot of people return to work
7:45 am
within a couple of days. is that safe, is that wise, are we being too cavalier about this? after this. before you consider drastic weight loss measures with dangerous side effects, try golo. (kevin) my doctor prescribed a weight loss drug, but as soon as i stopped taking it, i gained all that weight back. (joann) i lost 210 pounds with gastric bypass surgery, only to gain it all back. with golo, i have completely transformed my relationship with food. no shots, no medicine, no surgery is gonna help me with that. whether you need to lose 10, 20, 50, or over 100 pounds,
7:46 am
lose it the right way with golo.
7:47 am
my mental health was better. but uncontrollable movements called td, tardive dyskinesia, started disrupting my day. td felt embarrassing. i felt like disconnecting. i asked my doctor about treating my td, and learned about ingrezza. ♪ ingrezza ♪ ingrezza is clinically proven for reducing td. most people saw results in just two weeks. people taking ingrezza can stay on most mental health meds. only number-one prescribed ingrezza has simple dosing for td: always one pill, once daily. ingrezza can cause depression, suicidal thoughts, or actions in patients with huntington's disease. pay close attention to and call your doctor if you become depressed, have sudden changes in mood, behaviors, feelings, or have thoughts of suicide. don't take ingrezza if you're allergic to its ingredients. ingrezza may cause serious side effects, including angioedema, potential heart rhythm problems, and abnormal movements. report fevers, stiff muscles, or problems thinking as these may be life threatening. sleepiness is the most common side effect.
7:48 am
take control by asking your doctor about ingrezza. ♪ ingrezza ♪ neil: you know, a couple of years ago news that the chairman of the federal reserve has covid, that would have stopped the clock. that would have been a huge deal, everyone would have been all over it. i bet you didn't even know he has covid. he's going about his business. i don't know how soon he'll be back at work the, but he's still dealing with the interest rate thing and all of that. but it's a different world. are getting too nonchalant about this? let's ask an associate professor from the nyu school of medicine. no wig deal, life goes on -- no big deal, what is it? >> generally -- first, let me apologize for my allergies. [laughter] i think generally, you know, people feel what the day that supports, that things are getting significantly better. so last summer the covid rates
7:49 am
in the emergency room where you see infections were 3%. now it's 0.3% x. in nursing homes where we worry about vulnerable people, there too the numbers are almost at record lows, so things seem to be getting significantly better. covid, along with other respiratory viruses, generally speaking you don't want to expose other people to something if you think you could be sick. does that the mean you should work from home, wear a mask or do something else? some of that is judgment versus take a sick day. but you don't want to expose other people to something if you are sick, and does it make a difference versus covid or flu or some other regular cold virus. what seems to the make some difference in terms of getting tested because if you get tested early, that might make you a candidate for treatment for paxlovid or for some of the other treatments for flu, for example, that can speed up the resolution of the symptoms over the course of the disease. and also if you're more vulnerable which, you know, he's
7:50 am
a little bit offedder -- i don't know his medical history, but he's older, and that also would a make a difference in terms of the way he might approach it. neil: bottom line, he says he'll be back to work in a new days, so we'll watch it closely are. doctor, thank you. >> thanks so much. neil: all right. feel better yourself. all right, in the meantime, you know the democrats are having a big powwow, their convention in chicago. we all remember what the one in 1968 was like. so does a prominent democratic congressman who says, you know, maybe the better part of valor is not to have it in chicago, after this. [inaudible conversations] feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. it's kubota orange days, shop the year's biggest selection of kubota equipment and get 0% apr for 84 months or up to $3,300 off select compact tractors.
7:51 am
find your nearest dealer at kubotaorangedays.com. (vo) red hot deal days are here at verizon. get our biggest deals of the season. only until may 29th. get a bundle of your choice on us. from any of our top brands so you'll get a free phone, and a smartwatch and a tablet. yup, all three on us. plus, check out tons more great deals. it's red hot deal days at verizon. hurry in. it's only unitl may 29th.
7:52 am
7:53 am
knox. neil: all right, could history repeat itself? the 1968 democratic convention in chicago and the one planned for this summer in chicago.
7:54 am
so there's a prominent democratic congressman who was once a presidential candidate named dean phillips who says, you know, maybe we just cancel the thing at least in chicago. the president not doing that, the democratic party not doing that,s but is there going to be hell to pay? greg shirley, historian the extraordinaire, the search for reagan, latest multibestseller. is this a good idea what phillips is saying, just don't have it in chicago? you could argue no matter where they might have it, they could have protests, so maybe he doesn't have a point. what do you think? >> they shouldn't cancel. what they should do is just beef up security and set up a perimeter so like in the past to move protesters away from the central part of the convention. look, it's going to get media coverage, with but the point is the larger point that i think the congressman missed is that divided conventions tend to lose in the fall, united conventions tend to win in the fall. the republicans were divided in
7:55 am
'64, in '6, and today went on to lose -- '76. the democrats were divided in '68, '72, '80, other years and they went on to e z -- lose. the more important point is simply having a united convention. neil: that's an interesting point, and you're quite right on that if you think about anyone divided, they usually don't make it past the november election. what is your sense of the wildcard of the tightness of this race and donald trump and the court cases, that that could work against it united as republicans might be? there's still that potentialing drag. >> -- potential drag. >> the court case is not going to work against donald trump at all. americans see the democratic party as generally the party of government. they see the republican party as generally the party against government. when democrats use government ill he e quit matily to harass or -- illegitimately to harass or hurt the election chances of a republican, it backfire ifs.
7:56 am
you know, like newton's third law, for every action there's an equal and opposite reaction. so the reaction, you see it in the polls. donald trump is going up in the polls the more he's being harassed by the democrats and instruments of government. so i don't foresee these having any impact. this is the problem democrats don't understand, and this is what the heats don't understand going back -- elites going back to christ and pontius pilate and the roman empire: the elites 1257d for one thing, the people stand for another, and they're often at variance with one another. neil: let me ask you about the third party threat, rfk jr. many 1968 it was georgeing wallace, he got 48 electoral votes, won a lot of states in the south. would an rfk jr. have that type of impact in. >> no, he wouldn't. going back to george wallace, they tend to take proportionate hi from both candidates.
7:57 am
george wallace, don't forget, was a democrat, so he hook took from hubert humphrey as much as richard nixon, same thing from ross perot. people who see rfk through two prisms, one will be the legacy of the reagan -- of the kennedy name, and that'll motivate one set of voters. another set of voters will see him as anti-corporate vax ising, and they look at him through ooze prism, and they'll vote for him for another reason. people vote for different reasons. neil: got it. craig, always good catching up with you. craig shirley, historian extraordinaire. we have a lot more coming up including going from political storms to very real ones and the impact on the south, particularly in texas. some nasty weather that could get nastier in the big old region that's looking messier. mary, janet, hey!! (thinking: eddie, no frasier, frank... frank?)
7:58 am
fred! how are you?! fred... fuel up to 7 brain health indicators, including your memory. join the neuriva brain health challenge. ( ♪ ) i thought water would help ... lthy plus will cure it! lawn disease? been going around. so like other people have it and it's not... pick up a bag of the new scotts turf builder healthy plus lawn food today. feed your lawn. feed it. veteran homeowners need cash but worried you can't get a home loan because of your credit? here's great news. at newday we've been granted automatic authority by the va to make our own loan approval decisions. in fact, if you've had credit challenges and missed a payment along the way, you're more than five times more likely to get approved for the newday 100 va cash out loan. no one knows veterans like newday usa. i'm jonathan lawson, here to tell you about life insurance through the colonial penn program. if you're age 50 to 85
7:59 am
and looking to buy life insurance on a fixed budget, remember the three p's. what are the three p's? the three p's of life insurance on a fixed budget are price, price, and price. a price you can afford, a price that can't increase, and a price that fits your budget. i'm 54. what's my price? you can get coverage for $9.95 a month. i'm 65 and take medications. what's my price? also $9.95 a month. i just turned 80. what's my price? $9.95 a month for you too. if you're age 50 to 85, call now about the #1 most popular whole life insurance plan available through the colonial penn program. options start at $9.95 a month. no medical exam, no health questions. your acceptance is guaranteed. and this plan has a guaranteed lifetime rate-lock, so your rate can never go up for any reason.
8:00 am
so call now for free information, and you'll also get this free beneficiary planner. and it's yours free just for calling, so call now for free information.
8:01 am
>> all right. we have had some

0 Views

info Stream Only

Uploaded by TV Archive on