Transcripts For FOXNEWS Your World With Neil Cavuto 20240919

Am not talking about the Federal Reserve, i am talking with the Teamsters Union saying it will not Make An endorsement in the president ial race. Exactly why, we will ask Sean Obrien in an exclusive chat moments away. First, the Fed Cutting Interest Rates by half a point, the first Rate Cut we have seen now in more than 54 years, stocks bouncing around on the news, originally up more than 400 points, down A Hundred points after consumers with lower borrowing costs. It goes to have an impact on the upcoming president ial race and we are on top of all of it. Welcome everybody, on neil cavuto, first of the fed, that surprising cut, not that it was a cut but it was a big one. Kelly ogrady has more. That is why, that were definitely borrowed money today, the temperature coming out of today is that the fed if he was confident enough about its 2 Inflation Target but clearly wants to ensure the Labor Market is not cool off anymore. 50 Basis Points is a big deal especially because Jay Powell has been so measured in his messaging leading up to this pick all of it a lot of investors were happy, they wanted the fed to be aggressive, but i will highlight the only habit 50 Basis Point Cut in dire times pick them talking on 11, covid19, there is another chance at a larger cut could indicate the soft landing is at risk. We may be in a more economic trouble than we originally thought. Jay powell maintains he does not see signs of a recession or slow down, indicating that could be a couple more cuts by the end of the year but Jay Powell emphasized they will take It Meeting by meeting. Meeting by meeting, there is no sense that they can meeting feels it is in a rush to do those. That a strong start to this and that is really frankly a sign of our confidence, Confidence Inflation is coming down towards 2 . Investors using the language in those pressers, aggressive, more cautious cycle, markets immediately seemed confused. Banded down over A Hundred points but we were all over the place during the day. President biden to configure your right lob, saying that we just reach an important moment, Inflation Rates are falling while the economy stays strong, our policies are lowering costs including jobs pick one word of caution, you cut too quickly, inflation could spike back up to the levels we have seen in recent years pick just because the rate of inflation is downed as ongoing costs are down, this will continue to be a delicate balance with inflation in the Labor Market it, always an election less than two months away. Neil thats the weird part, one of the arguments only a quarterpoint has to be gradual, not like youre doing anybodys baiting. But what are you hearing on that front . Jay pala did get specifically about those, whether there was any political pressure. He said we look at the economy, the data coming in is telling me this is the right decision. Here is saying to know but of course it is of speculation, was our President Biden take that Victory Lap that there could have been some pressure. He certainly wants to keep his job if Kamala Harris does coming in november. Neil great job as always, sorting this out. Joining is not, the fault of my former Federal Reserve advisor, Daniel What A make of the size of this cut . Be when i was actually pretty pleased with. Since paul was an office that any fed chair that has defied the market, he defied Wall Street today, out of the 114 economists and analysts going into this meeting can only nine were calling for a larger guy 50 basis point, have a Percentage Point Rate Cut. Like paul walker, big feet to step into but definitely powells hero. He defied Wall Street and did what he did best guy based on what is happening in the economy. Several meetings ago he was asked if september was too close to the election and he said he is not being political, every single meeting is and will be live in. Neil we have been on a trend of lower rates, them record may be in anticipation of this are not exactly, Market Rates have been sliding, Mortgage Rates at a twoyear low. Not sure if it has any corresponding impact on housing, housing certainly seems more expensive than ever, what you see happening on the front . The one we have fresh data out this morning, we have seen of Purchase Obligations rise about 17 off their lows, really has been training in a very tight range. We have not seen as much as you would think, Mortgage Rates at a twoyear low. I would say we should be seeing some serious activity but were saying most activity and people refinancing and taking cash out of their homes to make budgets, to make their budgets meets. Neil you are so good at this, but a lot of people when they see a cut of this magnitude, a days start worrying, what is the fed saying that i dont . You get the typical kind of numbers that are not great, others, okay, certainly not in the midst of what appears to be a big slow down or recession. But again it could be in the eye of the beholder. How do you think this sort of resonates with people, with the market . Why what is seesaw it has been, ride and green all afternoon long, since 2001, 2007, when the fed did start with a larger Rate Cut than what would have been considered to be normal and these were indeed precursors to a time when the u. S. Economy fell into recession. Federal reserve officials anticipated the Unemployment Rays will rise to 4. 4 by the end of the year, that ob a full Percentage Point off of its low, historically speaking to break it tense to me to the united states is in recession and the Employment Rate will continue merging higher from here. Neil already, quickly on that, when i look at these predictions, as the consensus seems to be around three, 3. 5 for this overnight federal funded, year from now. And other words, twahtwah points lower from where we are now. Does not drive with you . I think we will see more ease than that, the markets got priced in three Rate Cuts through the end of the year as of the closure of this meeting. I think we will see a fed being forced to continue to be aggressive. Neil all right, great job as always break all right, the Stock Exchange, trader joining us from the New York Stock Exchange for tim were you surprised by this . I was looking for 25 basic Basis Point Cut and i think it was pretty much a job in terms of what people were expecting. I am a little bit surprised by it, im not totally 100 against it. I think that powell basically pretty much set out at one one point, look, we have gotten the Unemployment Numbers before the last data we may have gone in july, that is as close as the fed will ever get to saying that yes, we wish we would have made a cut the last time. I think this is a little bit to make up for that. And i think that markets were pretty muted after that a country we had A Hundred Point Move up and down by the Dow Jones is up 40,000. These 200Point Moves, back and forth, really just at the ma margin. Very significantly i will say, the old closing live from july 15th, 566 to seven. You got above that for a very brief period of time, we closed about 50 points below what, neil, you know but have been doing this for a long time. There is plenty of times when between at 2 00 and 4 00 on the day of the fed announcement, their market has a strong move One Direction and the next day, no followthrough at at all. It completely goes the other way. Thats kind of what we had today, you got like it makes decision, the jury is still out, want to go home and think about it. They want to see how it kind of settles in overnight. And then we will take another look tomorrow, but i would just say there are a lot of things that to do at the remainder of the week i we have a good Drupal Expiration on friday combined with the rebalancing. We will have a fair amount of individual Stock Volatility and very high volume, particularly on friday. Neil you are Encyclopedia Kind of bringing folks at which a speed. A lot of technical indicators that could happen with contracts and stocks, that can usually led it to some spooky Stuff And Head of October West of dover has been a Grazing Month for markets fake they seem to think of the landing is achieved. And we are not getting anything more worrisome out of companies when they make their quarterly earnings announcements, sound like home depot, lows, will say that consumers were trending a little better while we are getting a sense from them if it was Panic City they are not panicking, are you panicking . They are not panicking or by any stretch, we had a lot of very cautious comments on the consumer from a week and a half ago, some comments from adlai Filenet Ally financial, weight about consumer auto loan, default rates, people being behind. While we do not yet that reinforced by other people in the same business making the same thing, three or four days later, a lot of comments where you know, this may be specific just a ally financial. And not really an industrywide or consumer wide thing. Clearly the sales have slowed a little bit, the numbers where certainly in line of acme which is a touch better. We have to see still what has were two weeks before the quarter, it is typically a volatile time of the year. I dont doubt we will have more volatility. As think we need more conviction to get through those old highs and go to a new level, that might be really hinging on the earnings reports months from now. Neil all said my friend. And youre right, you may say that we have been around longer enough to cover these dilutions what you are only one not aging, i seem to be aging a lot faster. Thank you for the question. Great having you. By the way, there is this sentiment building here that we will see one interest Rate Cut after another, virtually every fed meeting, have this thing called a Dot Plot where you break apart every fed mode it Voting Member what he or she things will happen and for that we have this idea that a year from now we will be two full Percentage Points lower. You hear these shortterm rates, this affects the federal funds, is in overnight Lending Rate but it is one puppy the Federal Reserve controls and it has not bogged down for the first time in four years. I should also say that at Market Rates, the 10year bond or whatever you want to call it, it is something that markets trade on and they themselves often because of what they see the Federal Reserve doing or not doing, their expectations as the economy will be steady as she goes and Interest Rates will remain low. Is sightly backed up today and that 10year, was a lot of mortgages and refinances, that has come down from a high of a little more of 5 , a little more than two months ago. You can see the markets were kind of leading the feds way, this goes is anybodys guess. We are following that no doubt, of Course Donald Trump also following it is, curious to see what he thinks on the Half Point, some way it maybe a political move on the side of the fed, he may talk about it tonight when hes in in Long Island in New York. That is where you will find Sean Obrien, hello. Hello, former President Trump choosing very important Campaign Day not to be in about a ground stated by a New York, we will tell you next and have fresh reaction to that major news coming from the Teamsters Union members voting in support of the former president , that is next. Ur hearts. You know where we struggle. You know where we need to be pushed. Help us give it all to you. The good, the bad. Help us turn to you in everything. Amen. You should join me in more prayer on hallow. Stay prayed up. There are many ways to do things. At old dominion freight line, we do them this way. This way has people who start early. 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Actually, i have been working on a little Something And Id love for you to read it. Thanks for being in my life because youve been more than just a mentor. Youve been a source of inspiration in my journey to becoming a writer. Neil it wanted take you today uniondale, New York Long Island, Anirniq Democratic region, mountain that that particular area judging on the crowds have been there for quite some time. Looking forward to hearing from of the day because we are learning about the Teamsters Union holding off on endorsing any president ial candidate, in the Federal Reserve has cut rates. No doubt will be weighing in on those developments, blanket is there with more, hello brian. Hello nield, people have been lining up here in It Uniondale Ends Tuesday Afternoon to try to see inside of the nassau coliseum. There some 16,000 plus folks, the campaign says 60,000 plus, to get a ticket. Obviously it will be a big rally, The Big Question is why did he choose New York where there are other Battleground States . This is decidedly a Blue Democratic estate and the issue is one, New York is the largest Media Market in the country so this Will Replay itself in the bottle grown states, and number 2 there are three competitive congressional races in New York that flipped from Blue To Red in 2022 and they are republicans, trying to hold those seats. New york could decide which party gets full control of the house, one of those congressmen is anthony, the representative here for the fourth congressional district which includes it uniondale. Fighting for your sake, how important is it to have former President Trump come out Here And Now to go to a typical Battleground State . Is great,s excitement is great, very clear perhaps New York is on about a ground to stay but whether is is a battleground right here on Long Island. And when Donald Trump wins on Election Night he will need a House Majority in that House Majority wants through the empire state. I need your reaction from the breaking news from the Teamsters Union, Rankandfile Voting 60 for trump over Kamala Harris, what you make of that decision particularly notches are vote by the Teamsters Union decision not to formerly endorse a candidate for the first time since 1996 . As a guitar is he that present trump is a person in this race who appeals to the hardworking bluecollar people, use what can get to secure our borders, to make life more affordable, and those at the Teamsters Union saw exactly that. Economy, immigration, are those two think is important here in New York . Economy, immigration and crime. Because of the migrant situation in New York city, the nypd is one of the finest in the world, but they are doing what they can with the resources they have a. Congressmen, thank you. And they have it, some fresh reaction there to the big news. Sedan former President Trump will take stage at 7 00 p. M. Neil thank you for that, we have congressman michael, the texas republican, weighing in on all of these fastmoving developments. Agreed to see you again. What you make of this Teamsters Thing . We will be talking to Sean Obrien, the members for Teamsters One or Donald Trump is the official position is no endorsement at all. I think its great news for the republican party, sort of outreaching to do you Working Class man. Think a lot of what we stand for does appeal to the working Class And Trump if anything, if he wants any labor union, i think he would buy far be more popular than it Kamala Harris. And i think their Value Systems standing for the common man if you will, that is where trump i think is expanding the republican party. Neil where do you think stand right now . Let a people why the former president is in New York, may be one of his Guest Staff pointed out, this is all about picking off some vulnerable democratic states and maybe through New York building on that House Majority that you enjoy, what you think of that . It strategically down. New york and california are in the majority of the house, and very honored that President Trump is going to New York to help these candidates because it is a it will make or break our majority, or if we have a stronger majority if you will. Also as your broadcasters said, this one did a lot of play in as a robotic ground states as well, said think from a Campaign Standpoint its a very smart move. It will help our republican candidates in New York all over the country. Neil i know congressmen you not really a critic at all, some of your colleagues were surprised by the Half Point the Federal Reserve announced and said it may be politically driven to help Kamala Harris. How do you feel about that . The Federal Reserve is independent. I hope that is still the case. The cut in Interest Rates as you know will spur the economy, it will spur investment and make for a stronger economy. As an average american im glad to see that happen, but i hope politics will not be playing in this one. Neil Congressmen Kai Gray to see you again. Michael mccaul. Teamsters, Big News Of The Day along with the Federal Reserve cut in Interest Rates, Sean Obrien, the head of that union on why it ultimately decided not to endorse any president ial candidate. He is here, he is next with as. Why do some things have to be so complicated . We dont know either stanley. But at least when it comes to dental Care Aspen dental makes getting new dentures and implants easier. With the Technology And Expertise to give you the right fit and 0 down Plus 0 interest, if paid in full in 18 months. Making things as simple as they should be. Its one more Way Aspen dental is in your corner. 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Announcer lets Cure Childhood Cancer together. Neil Sean Obrien always calls it as he sees them, very blond to speak to democrats and republicans, he only spoke at the republican convention, so far no endorsement. The future is not just going to happen. You have to make it. And if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. The all new godaddy airo. Put your business online in minutes with the power of ai. Neil after looking forward to this interview for some time especially with a lastminute drama, i chat was Sean Obrien, teamsters general manager. We have spoken any times over the years and you speaks his mind. That is why im surprised that teamsters will not be officially endorsing that president ial candidate. I thought to myself, when he talked to Sean Obrien, ask him how a guy who was invited to speak before republicans added that convention by did not get the same honor at the democratic convention, could decide not to support of the republican nominee, he hears, Sean Obrien, why not . We interviewed both candidates. We receive in commitments from both candidates and we could not get a solid convict mends on our core issues like the national right to work, like a staying out of Labor Disputes and are trying to force any contract its on us like what happened to our fathers brothers and sisters into the rail industry. It was a major factor in our decision as a general Executive Board not to endorse any candidate. But we did do a lot of polling and the polling leaned heavily towards former President Trump, so neil a very heavily, i wonder, do you look disconnected from your members . Definitely nodded, luck, metered extensive polling that was important. Our goals as leaders of teamsters is to provide the ability for people to have a voice and to provide credible information and we cannot dictate to our members, all remembers will make their own decisions by this is a bigger problem. Democrats have always taken for granted heat they will get our votes no matter what it, and the republicans financing themselves as the working peoples parties. I think right now both sides have to take a step back and really reevaluate what is their commitment is to working people, that is what we did in this process. Neil all right but it does make me wonder when 2 out of 3 of your members prefer Donald Trump, that trend has been around for you while were members tend to favor more the republican candidate, but that is a pretty overwhelming shot out right there. So is that what you are thinking or no . We evaluated everything, the polling done in person when you have an audience you can influence that audience, we thought about it those leaning heavily towards President Biden and i did not, then we did the poll with 40,000 a remembers, the 60 presentable, and then we did the researchbased poles. Toward at 2 out of 3 of those polls leaned republican. Again, there is a lot of work that has to be done, our members are paying attention, no endorsement, i think it sends a message to both parties that if they truly want to support working people they have to reevaluate it and understand that nothing is given. It is earned. Neil i dont mean to disrespect here, no endorsement also means you can have it both ways, and youre not taking a stand. Were not looking to have it both ways. I take a stand every day, there are some great democrats who have supported us, President Biden, past Pension Legislation that affixed our pensions. The reality is, of said this time and time again, they fixed problems created a long time ago, tracking the Regulation Cost 400,000 teamsters jobs, companies when two bankruptcies which destroyed pensions funds. Although they fixed to the problem, some of us created those problems i had to be fixed. Look at different times, or were members are different, theres lots of social issues out of there, so not taking a position is not having it both ways. This country is divided down the middle, its my goal to bring to this together work bipartisan and get stuff done like the proactive, like Bankruptcy Reform and other issues that affect a remembers. Neil that this turn in anyway, i think you were cortical about President Trump at critical with you on musk about when you can fire or gabert a workers, and that he admired that ability. And you were quite lenient about it, i thought that represented a turning point. Obviously words have consequences, statements have come sequences. I have called the former President Trump out just like i would anybody else that tries to retaliate or make fun of people being terminated for exercising their right to strike, when we ask both candidates about supporting our Railway Workers and workers to strike and not interfere, he could not get strong commitments from either candidates pick that was a major factor in our decisionmaking but back to your report, unacceptable for anybody to fire workers for exercising their right or gloat about it. Also does not a big fan of Elon Musk. Neil that i do remember. That meet the standard back and get your thoughts in that relationship, you on musk apparently could have a great sway in a potential trump administration, even when it comes to looking at the government books. And looking at how the government spends its money, to that way and . I mean it looked, we Cant Look to see ghosts. 1. 3 million over the strongest people in the world is our Rank And File members, though there may be difference of opinions or criticisms, if we have to go fight with corporate america and they want Elon Musk gallic when chances take. Neil okay so let me just get this dance of where you go from here, other unions by and large have been going hook, line, and sinker for Kamala Harris. And i know your members when polled on this, i know this seems to be poles, another not scientific poles, rights and Joe Biden a lot more than Kamala Harris. Is that true . Joe biden, bolink consistently, i cannot speak for anything else but they polled about 2530 popularity with our members consistently for three im sorry, compared to President Trump, he scored higher did he not . Yes, he did. Neil Kamala Harris does not . No she does not. Neil so they are not psyched about her guide they are most psyched about don trump . Out of than it is cited about both candidates, there is issues that are specific to what our members want and need, and this polling was not just a vote, there were issues and questions within this polling of a remembers asked. So i think there is process, people are as sick of the name calling, people are sick of tearing each other apart because they support one candidate faces the other period i think people are fed up, and they wanted over with. We do great work, we negotiate this greatest contract its, thousands of members each Month Break that is whatever focus needs to be on. Neil already, auto workers union, strong democrats wanting to vote for Kamala Harris, service workers may beat Donald Trump, and the original proponent of getting his raid over the tax On Tips seem to be leaning his way. Do you think this is an opportunity missed and did you Make A statement not making a statement . Its not an Opportunity Mist as far as were concerned, its an opportunity to obviously highlighted there is a problem come politically with The Union members pick look, i pulled my members, i release the data. I dont interfere into their policies or procedures but i can only speak for the Teamsters Union, we will be transparent. I cannot speak of there will be criticisms for my peers in the Labor Movement is so be it, a remission still stays the same. We will be inclusive of the Rank And File members. Neil Yuto Nagatomo disputed democrats are that convention, itd at the republican convention. Does any of that stick with you all that up at that you guys when the extra mile and you turned me down . You know, my feelings on get hurt easily. They were not hard because i did not get invited to the dnc. And went to the art and see with one agenda, that was to highlight how important the Teamster Members are to this country, it was not an endorsement of either party, if i had an opportunity to speak at the dnc, the message would be the same. Its about a Fighting Corporate America and fighting corporate greed and holding politicians accountable. At the end of the day, i was told by democrats and republicans, everything they do for us, its their job. Is what we like them to do and thats what they should be focused on, they shouldnt be saying what they did in the past, but focus on the future. Neil all right cut him off like a loud one Telephone Pole you will have a lot of angry members i will assume. How are you dealing with at it . We will have some angry members no doubt, but we will have some happy members as well. Remember our union is different, were 50 50 down the middle. Either way we will take criticism. This is a small portion of what our what our job is in the Teamsters Union, dont forget we have to organize members, negotiated the strongest contract its, Industry Standards Fake at the end of the day we will continue to fulfill the mission we have been doing for 2005 years. Neil very quickly i think you have to go back to 1996 when your union did not commit to somebody, is this a rarity then . Will you four years from now be less inclined to repeat and no Support Statements . 1996 was obviously a result of nafta, that was a great reason. Neil Bill Clinton was president right. This should be an eyeopener for 2028, if people want the support of the most powerful union in north america, whether your democrat or republican, stop doing those things that dont support our members. Neil real pleasure, is to thank very much, teamsters general president speaking his mind. It is going to get fast and crazy as i was talking, i cannot repeat some of these things, to Family Show abo more after this. Sports . A little Family Gossip maybe . Nah, you dont do that. Right . Heres another topic for you as they get older their risk of getting really sick from a respiratory virus like flu, Covid19 Or Rsv goes up. A lot. So talk to them about getting this seasons vaccines. Because youve still got so much to talk about. Ok yall we got ten orders coming in. Big orders starting a business is never easy, but starting it eight months pregnant. Thats a different story. I couldnt slow down. We were starting a business from the ground up. People were showing up left and right. And so did our business needs. The Chase Ink Card made it easy. When you go for something big like this, your kids see that. And they believe they can do the same. Earn unlimited 1. 5 cash back on every purchase with the Chase Ink Business unlimited card from chase for business. 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Neil you just heard from Sean Obrien, in the Teamsters President indicating today even though he met with both candidates for the president ial states, The Union will not be endorsing the either of those candidates. In the meantime keeping an eye on Donald Trump, he is in downtown New York, downtown manhattan, maybe we will have some sound and see if he says anything to. Scan the qr right here. [ no commentary ] all right. Fantastic we are through [cheering] mr. Trump great. A day goes through. Right we are done, perfect transaction by the president on the bitcoin protocol, History Trip lawS History, after you see this. Come on this way. Mr. Trump not just playing politics, the economy would be really bad or they are playing politics, one or the other. But it was a big cut. Any reaction to the teamsters deciding not to endorse . Mr. Trump its a great honor, theyre not endorsing democrats, that its a big thing pick first time in 50 or 60 years, democrats automatically had. I guess that was 60 or more for the vote and its a great honor, had a lot of teamsters work for me, building all of these things in New York that you see, exclusively teamsters spook after say they have done a great job. But the vote of the teamsters themselves was very high for me, and the leadership has shown, Sean Obrien and the group, they said we cannot endorse the democrats. Think this is the first time in many decades they have not endorsed democrats. Is there d think It Difference in the industrial state . Mr. Trump yes, i think so, teamsters carry a lot of weight. Democrats always thought it would be automatically get teamsters, and they said we will not endorsed democrats this year. That was an honor for me. There is a lot of concern about your safety with golf, will you continue to golf . Mr. Trump we will look at it and do what Secret Service wants, nobody has been curtailed because of the crazy people out there. Is bad people, crazy people, whatever you want to call them. We will have his Secret Service determined that, if they determine its safe to come to play second is, have to be safe. We going to the Nasa Coliseum that has literally been packed. Over 60,000 people, 15,000 seats. I look forward to that but it has always got to be safe. We just dont want them dictating to you where you should go and what you should do. Do you think would be easier . Mr. Trump edges have two live my life and Make America great again. [cheering] do you think that is something the governor hired it a Day Yesterday about harris not having biological children, do you think it is sunday she should be attacked for . Mr. Trump i dont know anything about it, thank you rick. Neil were still monitoring can Donald Trump is at a public, a manhattan Beta Coin Bar that open a couple of years ago and it december. It took over Basement Level states, i believe washington plays down there. Now of course is that the bitcoin communities very fond of Donald Trump, hes been advocating beta coin, he is a pro this roku currency. Lets listen more. Do you feel safe . Mr. Trump i feel very safe, have topoftheline people. They needed more people and they have been given end. At a president ial level, based on the protocol this afternoon, we are leading to just about every poll. We have to be safe for the country. That is the most important think it is to be safer the country country, a lot of progress will be made. The Secret Service i think has done a great job, they just needed more people in the have been given. At what is your message for New York . I love New York, it will give New York a big play. Is to grab crowds, so friendly. New york has a lot of problems though, we will make New York great again, bring it back and hopefully win furkan know we have a real chance of winning up with hundreds of thousands of people coming from prisons and jails and mental institutions dumped into New York. People dont want that, you will work with the Mayor And Governor and do a lot of great things, we have to bring it back. They can let this happen to New York. It is so unfair that hundreds of thousands of people dont into the city, you just cant do that. No plays can sustain that. Is because its your New York state . Mr. Trump our love to win New York, it hasnt been won by many decades by l republican, but im all about New York. Want to bring to New York back and we are going to. Hopefully we will win New York, we are here because one to win New York and i think it will happen. As Bitcoin Fanatics we love this public, what is your impression . Mr. Trump i think its a fantastic, register the first transaction in bitcoin [applause] mr. Trump everybody that is a crypto guy, Crypto Maniac Disco everybody who is a crypto guy, get out and vote, if you vote that we cannot lose, we cannot lose you want to get everybody who agrees with what you guys are doing, and a lot of people, it is a lot of people. They have been treating you very badly, and we will treat you very fairly because you have to get out and vote. We will make crypto great again it was fairly easy to use . Mr. Trump quickly and beautifully kind very easy. [laughter] mr. Trump its the beginning to a new era. If you think about it, what they have dennis amazing. And you look at the values, and what kind of numbers youre talking about, Bakers End of the biggest corporations put together, many of them. It is quite something. And on the menu, its national Cheeseburger Day evidently. [laughter] mr. Trump david is doing a great job everybody, right . Does everybody know david . Hes doing a good job would you like one . Would you like a hamburger . They are good perfect act amazing. We have some gifts for you, okay . Mr. Trump i want beta coin. [laughter] appreciate your openmindedness, appreciate kamminga. Mr. Trump it is a new era, that is what is happening. Amazing to see what has happened. Congratulations. Thank you mr. President. Mr. Trump thank you everybody. [cheering and applause] yes its a Crypto Burger mr. Trump named after bitcoin and a crypto do you want one . [laughter] mr. Trump lb on gutfelds back, you have to watch it cool right, is on great job. One of the greats. Here you go. Are you going to have one . It will make you look then [laughter] have a good night, everybody [applause] mr. Trump thank you. Were now going to the national coliseum, thank you very much everybody. At what you think about the explosions in lebanon . Mr. Trump i think it is crazy, never seen anything like it. Nobody has. Thank you everybody. S History have been watching and listening to Donald Trump, at this bar in downtown New York, its called pubkey, short for Public Key which is a special way, at Cryptographic Code used to encrypt information, make it not discernible untraceable. But he used the socalled low currency, you may have heard of the former President Mention of the Security And Exchange commission, no big fans of this new technology. It is not so new anymore, bitcoin itself has been around 60,000 a coin or so, did not get much Movement Today with the Federal Reserve. But that is to say the president is a big advocate for this, thing is this kind of currency and the fact they united states, we should be taking advantage of that. Heated refer to this big event he has planned in it uniondale, Long Island, 70,000 were waiting outside. Summit got there as early as yesterday morning, just to get a seat. He also acknowledged day is a national burger day, he had a national Cheeseburger Day, yes to got the Federal Reserve cutting Interest Rates. Who did Make A reference at wondering get, i dont want to miss fair ms. Paraphrase him, that it may have been politically motivated. That a Half Point cut. Hans nicholson with us tonight, as we keep an eye on this, what do you think, its been a crazy day first if i can, where Sean Obrien and the teamsters not officially backing anybody which to the former president s view is eight win for him. Exactly right, the president issued a Victory Lap on the nonendorsement. Some are endorsing for harris but it then the Harris Campaign is pushing it, but trump says it is a big win even though it is a nonendorsement. We will see if it translates into votes. He is clearly trying to tap into the energy to put it in on crypto. It is something the president , his top advisors are committed to, and he wants to harness that energy. And potentially win New York. Will not call New York a swing to stay but he is in New York and it does have implications down ballots because the road for the majority of either party at least in the House Of Representatives were i am runs through New York and with parties understand that. Neil you can think there are a couple vulnerable right democratic conceits a New York hoping to pick up to increase at a very now send margin. I did not know how likely that is but on the obrien news and what he does now by not supporting a candidate, he did send a strong signal to democrats here. That you cannot take our support for granted. How do you is all falls out . Als out . The unions, especially the teamsters come have always kind of, and the Building Trans in general, have always have their members be more sort of trump and the leadership. And this is the first time we have sort of seated come back into balance come up with the leadership is officially staying neutral. Now there is a poll out that im sure you saw, as well, more of the teamsters members actually supported trump. You know, i dont know if too many teamsters members are waiting for Permission Structure from their leadership on who they are going to vote for, but thats what they god, right . It is no longer sort of verboten to vote for a republican or Donald Trump on the Teamsters Side, and they now have the green light from their leadership to go ahead and do that. That is how trump is trying to spin it. You and i both know he would rather have the fullthroated endorsement. Neil to your point, you talk about in New York and the uphill fight to make that State Vote republican, but it did for ronald reagan, twice. And of course, we know there have been some surprises in the past, so obviously he is trying by reaching out to unions to send a signal here, some of that is resonating. Yeah, and dont forget both on the Teamsters Side and the Crypto Side there are members all across the country. So he can make, visit a Crypto Bar and yes, it is a localized manhattan bar, but crypto is so decentralized, his message then well sort of diffused throughout the country, that is clearly a play the Trump Campaign wants to make. There is also a bit of Fundraising Aspect here. They want to gather some of that Crypto Money because as you know there is a lot of Crypto Money out there. Neil there is a lot of it appeared hans, thank you. Just a reminder the former president will be with Greg Gutfeld tonight. That should be interesting. The five right now. Greg hi im Greg Gutfeld