Transcripts For FBC The 20240706

Subprime mortgage crisis again, and how would they force a bank to give a riskier borrower larry thats right. Youre exactly right. Theyre so stupid, theyre repeating the same mistakes. Elizabeth youre the best, larry kudlow. Were going to the take you through everything a that larry just talked about and what the media is not covering about hunter biden in court today and what theyre not covering about President Biden. But first this this is now hitting the white house. Third bank failure in just two months, were talking First Republic. Three of the four biggest failures in u. S. History happening since march, and where will the next shoe drop . Kelly to grady live in los angeles with the story. Kelly. Reporter its great to see you, liz. And, you know, with First Republic teetering on the brink for a couple of weeks now, remember at its last Earnings Call it announced it had lost over 40 to of deposits since that collapse of Silicon Valley bank and signature, that equated to over 100 billion, so in this morning. Are the big banks just getting bigger. For context, Jpmorgan Chase are taking over the majority of First Republics assets, all of their deposits both insured and uninsured, making a 10. 6 billion payment to the fdic. The banks, they woke up, customers were able to go, nothing really changes. But the president today made remarks, wanted to make sure everyone knew he felt that the Banking System is secure. Take a listen. Regulators have taken action to facilitate sale of First Republic bank to insure that all depositors are protected and the taxpayers are not on the hook. These actions are going to the make sure that the Banking System is safe and sound. Reporter now, if to you remember though, this isnt the first rescue attempt for First Republic. There was a group of banks back in martha funneled 30 billion in deposits amidst that crisis. Jpmorgan will have to repay all those deposits back to those banks under this takeover agreement. Now, this takeover by a big bank, it is the better than what happened with Silicon Valley bank, certainly less expensive for the government, but it does beg the question how the Federal Reserve react now that weve seen something else. Liz, a lot of folks are asking, or well, where were the regulators in all of this, and its timely. Svb and signature, the Federal Reserve just came out with a report last week saying they themselves were asleep at the wheel, and they were not looking into things enough. So certainly a lot of questions being asked around that with First Republic going down today. Elizabeth kelly ogrady, thank you so much. Lets welcome back to the show from house energy and commerce, congresswoman kat cammack, author of the upcoming book, you will own nothing, out july 18th. Preorders are open everywhere. Of carol roth is with us. Congresswoman, the white house is adding so much uncertainty to this economy. Is anyone many in keyes talking about more bank in d. C. Talking about more Bank Failures . Because fed is going to the raise Interest Rates this week for the tenth straight week to battle record inflation under biden. [laughter] well, good to see you, liz. I feel so much better now having heard that clip of President Biden, dont you . [laughter] i just, i dont know if theres enough sarcasm that i can muster for that statement. But this is business as usual. This is predictable. Not only are we seeing another rate increase, but then the announcement from the Biden Administration that people with good credit who have made tough choices and sacrificed and done everything right will now be subsidizing those who have not on their loans. So i feel like im having a bit of deja vu here. Youve got people who are getting into high interest loans who cannot afford them, who are being subsidized, and it doesnt seem like its going to play out very well. The Biden Economic plan is to basically trap people into these big programs that they cannot afford, and i think we see how this ends. Weve seen this production before. We have taken a nation of equal opportunity and turned it into with equal outcome, and were tuck paying the bill. Elizabeth so what the congresswoman just said, carol. The media has been saying, well, under the trump white house, Congress Weakened the oversight rules. Carol, you remember that debate. It was not about not doing a cookie cutter approach, having smaller regional banks answer to what the higher, bigger banks had in terms of oversight. It doesnt absolve federal regulators and the principal reserve from backing a off Federal Reserve from backing off of oversight. They still have to do their jobs, carol. Yeah. And i think that theres a lot of deflection because i dont think this was so much about inaction around the fed. I mean, if you think about it in the case of Silicon Valley bank, their ceo sat on the San Francisco fed. If you think about signature bank, barney frank was the granddaddy of all of the regulation and was sitting on the board. This is the not about regulatory inaction, it is about fed Monetary Policy action. And this is just deflection so that we dont talk about the fact that they are arsonists. Theyre ones that put too much money in the system for way too long. They held out Interest Rates for the greater part of 15 years, and then they changed on a dime and got everybody coming and going. When are we going to hold them accountable for being the great transferrer of wealth from main street to wall street . When are we going to stand up and recognize that theyre the ones that are burning down the houses here and take away their powers . Elizabeth yeah. So what carol just said. Congresswoman, record inflation. U. S. Energy independence getting ruined. All that is called progress in this upside down world. Dis, you know, weve got nbc, cbs polls, democrats are saying president should not run again because of his age. Were going to talk now about this, the media wont coffer this. Watch the striking difference between thensenator biden, watch him talking about gop, what the gop is now talking about in terms of policy and then watch President Biden now. Watch this. I introduced a concept of work fare in 1986. I remember being pily lied by my pilaried by my colleagues on the democratic side for suggesting mandatory work requirement for anyone receiving welfare. Put them to work and make them want to go to work and make it reasonable. When i argued that we should freeze federal spending, i meant Social Security as well. [inaudible conversations] [inaudible] my first two years we cut the deficit 1. 7 billion trillion, trillion. [applause] trillion dollars. Not billion, trillion dollars. Inless than in less than two years. Your mark is going to be the blue one to the left. How yall doing . You got a blue mark. Thats okay. Ill stay on my blue mark. In a lot of ways, this dinner sums up my first two years in office. Ill talk for 10 minutes, take 0 questions and cheerfully walk away. Elizabeth so thats the strategy, congresswomansome. Man, that just breaks my heart for our country. It used to be we could chuckle and laugh a little bit, but thats devastating its the unbelievable that you have a president today whos refusing to negotiate for the sake of our country. And hes going to have to explain to the American People why all the things he said for the last 40 years no longer hold true. Hes going of some explaining to do when the u. S. Defaults. Elizabeth yeah. The news coming in the treasury secretary, carol, said that could happen, the u. S. Could run out of money june 1st. Theyre risking that. But this president still refuses to negotiate. Your final word. Yeah, and that we are seeing in those clips that you played a degradation of policy, were seeing a degradation in the person and, unfortunately, we have fiscal runaway train. We need to stop it before it completely derails. Elizabeth got it. Thanks for joining us. Okay, hunter biden in court in arkansas today in that paternity lawsuit. The mother of hunters child which the president wont acknowledge or has not acknowledged alleging that he is refusing to turn over financial records. Fox news david spunt live at the courthouse in batesville, arkansas, just north of little rock. David. Reporter yeah, hi, liz. Hunter biden here for if about two hours. This was a hearing about Child Support payments, but were learning a little bit more about his finances in the sense that his attorney the, abby lowell, told the court today in public that hunter biden is paying london roberts, the mother of their 4yearold daughter, 20,000 a month. Though hes not involved physically in her life. We do have video of hunter biden leaving the courthouse late this morning after spending about two hours inside. Court fight between biden and london roberts has spanned several years. She says shes not holding up to his end of the bargain. The two have that 4yearold daughter together, but as i said, hes not involved. Today we also learned that that her attorneys want more information about his art value. We know that he paints, but they want an actual price tag on those. They want to find this out before the next hearing many just a few weeks. His salary, his employment if from the past five years, also his documents related to a business with a chinese firm. His finances also a primary focus of the federal investigation back in washington, in delaware, that has really ebb gulfed him for the engulfed him for the past five years. Hunters were at Justice Department headquarters last wednesday in washington, liz, to get a status update. That closed door ooh meeting was requested by his attorneys several weeks ago, could signal possible plea negotiations, a possible charges or president ial arely hunter biden may not face anything at all. Something else we learned is that london roberts did testify, liz, before a delaware grand jury early last year linking a local case here in arkansas to the federal probe against hunter biden. Liz . Elizabeth david, that is, that part is also big news. Thank you, david spunt, great reporting. New york columnist jon levine. You heard all of this this, right . Its striking that the president refuses to acknowledge his granddaughter, its striking that hunter biden was forced to the acknowledge the his daughter after a dna test. So london roberts testifies to the doj, david weiss and that case. Theres four alleged charges against hunter including tax evasion. The judge orders him to testify under oath about his financials. So lawyer for london roberts, jon, they want his salary information, how much money he made in the last five years, how much money he got paid in foreign deals including his business with chinese firm cesc. What do you think, jon . Its very significant. History may show that london roberts attorneys are more successful at getting more information than the justice county. We havent seen so many developments there. My big takeaway is this is such a sad story. Over the years weve seen that there was never an oligarch, a foreign oligarch or a Business Partner that couldnt have a meeting with hunter biden or joe biden whether it be in the white house, on the golf course, fancy restaurants in d. C. , and here is joe bidens grandchild, 4 years old, and he wont acknowledge her. Hunter biden has no role in her life, and shes not a rich person, shes not a powerful person. Shes just someone whos trying to make sure that her child is provided for, and hes doing everything he can to not do that. Elizabeth this is really striking that the first family is now involved in basically having first son, hunter biden, being accused of being a deadbeat dad. His laptop is coming into play. This is whats key, the immediate medias not reporting this. Hunter biden emails on the laptop show he he reached out to high ranking obama officials like Antony Blinken. Antony blinken was in the obama state department. He was then deputy secretary of state. Jon, question is what was hunter talking to Antony Blinken about hen . Were they talking about the foreign lobbying law that the biden team and obama used to go after trumps team like general Michael Flynn . They used offbalance sheet Shell Companies reportedly to hide and bury the money flows from their overseas deals in china and russia to avoid registering as porn agents. What was he as Foreign Agents. What was he abe with Antony Blinken . Thats a very good question. We do know increasingly the hunter biden scandal doesnt involve just joe biden anymore. Antony blinken was the person who instigated the letter from the former Intelligence Agency officials, that infamous letter from 51 former intelligence chiefs saying the hard drive is misinformation, its russian, its b. S. , dont believe it, and that came from Antony Blinken. The real question i want to the ask him if hes ever under oath is who asked you to reach out to those officials . Elizabeth right. But bury the laptop that has the information about Antony Blinken talking to hunter biden. Was hunter biden talking about how the biden family wanted to make money in overseas deals with our adversaries in china and russia . Was Antony Blinken talking to hunter biden about fara, the foreign lobbying laws . Registering as a foreign lobbyist or Foreign Agent would have put a spotlight on how the widen family was biden family was making money, cashing in on then the Vice President s government job. Right. Youre not allowed to act on behalf of foreign governments unless you register, and people go to jail for many, many years for acting on behalf of foreign governments and not registering. So if hunter was doing in this, and theres a tremendous amount of evidence that he was, it raises very serious elizabeth and james biden and the other brother. You know, so lets stay on this for just one more second. So thenvice President Biden knew what their a family was doing all along. Thats what reports are indicating, a that he did the know about Hunter Bidens business deals. But then hes getting the Obama White House to go after trumps team for foreign lobbying violations. And threatening them with jail. This is a bullying of the biden team repeatedly bullying the media, telling them not to cover stories like this including the New York Post, you know . Bullying people with lawsuits, taking people to court in counts around the nation. Courts around the nation. This is the strategy of this this biden team and the Obama White House. Right. I mean, accuse your enemy of what you yourself are guilty of. What i am struck by is the combativeness and aggressiveness of Hunter Bidens legal team because there was this case was reopened when hunter asked to renegotiate what he was paying london roberts. If he had just kept his original payments, that wouldnt have occurred. And theres such a tremendous potential for discovery and new information to come out right in the middle of the 2024 president ial campaign which i know no one on joe bidens team is eager to see. Elizabeth e elizabeth this is a rolling Dumpster Fire inside a train wreck. Jon levine, thanks for joining us. We warned you this was coming, california just outlawed diesel trucks to force everyone to go electric. Is this Biden White House now going to slam the supply chain . Will voters also see through this, will the media a fall for this . This is bidens 2024 strategy, 30hour workweeks, no rallies, 40 no pressers, but try to blame maga for everything as he changes the u. S. Economy with the stroke of a pen. And now 27 the states are revolting against bidens disastrous mortgage rule portioning good credit borrowers to pay more to to subsidize riskier borrows. Are they trying to bring back the 2008 crisis . Plus, we have the wall street journal reporters taking us behind their bombshell report that bidens cia chief and Obamas White House counsel met with sex offender Jeffrey Epstein after epstein was convicted of sex crimes with minors. Where are the next shoes to drop here . Thats coming up on the evening edit. Allergies dont have to be scary. screaming defeat allergy headaches fast with new flonase headache and allergy relief two pills relieve allergy headache pain . And the congestion that causes it flonase headache and allergy relief. Psst psst all good hey, man. You could save hundreds for safe driving with liberty mutual. They customize your car insurance. So you only pay for what you need whoo we gotta go again. Only pay for what you need. Liberty. Liberty. Liberty. 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A kohlercertified installer will install everything quickly and conveniently in as little as a day. They made us feel completely comfortable in our home. And, yes, its affordable. I wish we would have looked into it sooner. Think i might look into one myself. Stay in the home and life youve built for years to come. Call. To receive a free kohler® toilet with the purchase of your walkin bath. And take advantage of our special financing, no payments until 2024. Elizabeth look whos here, two wall street journal reporters. Thanks for joining. Paris to you, david. Sex offender jeffrey. Ensteven, after he was convicted in epstein the, after he was convicted in 2008, why was he meeting with bidens nowcia chief william burnsesome this was after epstein was convicted of child sex crimes. Why kid the nowcia chief, why was he meeting with epstein in 2014 . Sure. So at that time mr. Burns was deputy secretary of state and was in the process of leaving the government. And his answer to us through the cia was that he was meeting with him because he was introduced by a mutual friend to talk about transitioning to the private sector. A thats what we can el you at this moment. Tell you. Elizabeth but theres a lot of speculation swirling, you know . The spokesperson for the cia says that they had no relationship, he didnt really know about Jeffrey Epstein, but its really concerning that a u. S. Intelligence official is downplaying this meeting. Anybody in the Intelligence Community trying to downplay their meeting with Jeffrey Epstein end when hes already are been convicted of sex crimes. Yeah. I mean, we notice that from a lot of the people that we interviewed that they had reasons largely related to either his business connections or his contacts for why they were meeting Jeffrey Epstein and, yes, as my colleague david pointed out, the cia said to us that they thought that the meeting, that he really didnt know his background and that he was meeting him because he had plans to transition to the private sector and that he was introduced through a mutual friend, ask he met him once in washington, d. C. And hen the he went on to meet him once in the new york. And our reporting shows that was at the townhouse. We did have reporting that showed that he met twice at the townhouse and that he took a car to the airport. The cia disputed that and said the meeting was just once and there was no the car taken to the airport. Elizabeth so, david, epsteins calendar also shows katherine rumler, Obamas White House counsel, was scheduled to have dozens of meetings with epstein after she left the Obama White House ask became a top lawyer at Goldman Sachs is. So this is rich and powerful meeting with a convicted criminal whos accused of assaulting minors. What because it say to you, david, about the world of the elite in democrat circles meeting with this convicted felon . So i think our reporting shows that he has a really wide circle of people. It was across industries, it was across beliefs, it was across arts and sciences. And the people that we talked to said, look, we met with him, we went to this house because he had all these famous, rich people around, these interesting people that we could meet and talk about things. I think it shows that people decided to listen to his story the, his story the at the time was, hey, i meat a made a mistake in 2008. I think everyone now knows thats not really the full story. And most of these people say, look, i regret it. I didnt know, is what they say. But it shows that these people were willing to meet with him because he could bring us other clients. Of katherine rumler said epstein first reached out her, she was a powerful lawyer, and he said, look, i know bill gates, i can get you to the work for the bill Gates Foundation as a lawyer. And she took those meetings hoping to get a relationship with bill gates. Elizabeth are they that craven . Really. I mean, listen, sex felons, theyre known to be recidivists. And thats the issue. And then weve got with college are academics Like Bard College president leon botstein, noam chomsky meeting with jeffrey end e steven. Epstein. Are you finding other unnamed officials who met with epstein this in high ranks of government right now . So were still reporting, actually, and so stay tuned to see what we have coming next. But youre right that there were academics that were involved. Ask this particular story that were talking about the, the reason we focused on these people is because they werent known. But theres been a black book out there, some flight logs and a lot of names are already out there. So these were just new names that we came across. And as my colleague david said, they did say that they felt either that a lot of the people that we that talked to said that they thought he was rehabilitated or they didnt really fully understand the extent of his behavior. Elizabeth so theyre intelligence officials. Dont you think they should know the extent of his behavior . Dont you think they should be aware that sex criminals are are recidivists for the most part . I mean, what shoes are going to drop next, david . What are you guys going to be reporting on next . [laughter] are there people in government now, are there people in government now who met with Jeffrey Epstein . I mean, we cant quite tell you what were going to report next. I think you can, like we said, were is still reporting on this. We have documents, thousands of pages of emails and schedules over these years. Elizabeth got it. Obviously, there are more people. Elizabeth well, you just revealed what you got, so were going on the watching. Its good to have you both on. Well stay on the story. President bidens strategy for his 2024 the race, how will the media cover it . Will they see through this . How will voters react to 30hour workweeks, no Campaign Rallies or pressers but blaming maga from the white house as he changes the economy with the stroke of a pen . And now 27 states are revolting against bidens disastrous mortgage rule forcing people with good Credit Scores to subsidize riskier borrowers. Do they want to bring back the 2008 crisis . And Energy Expert neil chatterjee, california outlaws diesel trucks. St the coming. In its push to force everyone to go electric. 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These vehicles would transition by the year 20 the 35, big rigs in 2030, big rigs, local delivery vehicles, government fleets plus freight and passenger trains. Garbage trucks and local buses by 20 the 39. Governor gavin newsom says this is about breathing clean air and will bring an summit thed 32 billion estimated 32 billion in the health saving. The American Trucking association worries about the consumer saying, quote california is setting unrealistic targets and unachievable timelines that will undoubtedly lead to higher prices for the goods and services delivered to the state and fewer options for consumers. And on the other coast, liz, new york could become the first to implement a statewide ban of natural gas and new construction after governor kathy hochul unveiled her state budget last week. The pending regulation would mandate all New Buildings under seven stories be fully electric by 20 the 26 with larger structures following three years later. Some critics say Governor Hochul should stay out of their kitchens. Liz, back to you. Elizabeth lauren, thank you so much. Lets welcome back the former chairman of the federal Energy Regulatory the commission, neil chat her gee. Whats going on is really outrageous. This is going to hit the supply chain as china is reportedly building nearly 100 new coal plan9 plants a year. So we have to pay to lower in a big way missions under in this white house emissions under this white house. In china its like katie bar the door, were going to do whatever we want with emissions . Yeah, these targets and timelines that are coming out of california, unfortunately, have the impact across the country. Bad Energy Policy out of california has a tendency to migrate east and drive others to have to comply with these kinds of obligations because california is so big and drives such significant market share. And theres just so many things that are fraud about policy flawed about this policy. We dont have the infrastructure in place to pivot our trucking economy to an electric one at stage. The types of batteries that are going to be the necessary to power these trucks take up more space which limit. The volume of goods, and its going to increase costs. Look, i want to breathe clean air, everyone does. The industrys moving towards cleaner burning technologies. This is a completely unnecessary mandate. Elizabeth yeah. Now weve got breaking news, the president will sit down with four congressional leaders over the debt ceiling. The house gop saying, you know what . Your Energy Spending is, has to be cut back. Its actually quadruple the original price tag according to pennwharton and Goldman Sachs. Energy prices under biden are up nearly 40 percent. The white house launched the most aggressive tailpipe emission standards ever. Lets watch congressman pfluger or and bidens epa chief on this. Watch this. This changes an industry, speaking of vehicles, to the an extent that are absolutely kill our economy. And we dont have the electricity supply, first 5 first off, to do that. Second a off, dot farmers and ranchers want do the farmers and ranchers want that . No. How critical do you think it is that we use the farm bill with those voluntary incentives to make sure that farms which are now characterized as Something Like 910 of emissions in this country so we can help bring down that level to net zero . You know,st its critical. For the next two years, we will consider how epas tools and programs can best advance the u. S. Agricultures Climate Mitigation and adaptation bills in the nonregulatory sense. Elizabeth neil, theyre doing without congress. Theyre changing the u. S. Economy without congress. Shouldnt republicans stand up and say, wait a second, what youre doing is railroading the United States into your green with Energy Agenda that has never been proven anywhere in the world, anywhere to be feasible . Yeah, i think Congressional Republicans as well as other stakeholders from farmers to manufacturers, to truckers, to shippers have learned the lessons of the past. You know, in the Obama Administration they proposed a series of stringent environmental regulations that ultimately got blocked by the courts. But what happened was people altered their behavior in anticipation of the regulations. Thats not going to happen a second time. I think republicans are going to fight back. Speaker mccarthy deserved a lot of credit. Energy was a major component of the debt limit bill that that he brought across the line and passed, and now republicans have successfully raised the debt limit while focusing on energy. And the Biden Administrations going to have to come to the table and recognize that their policies are what are hurting americans, and heir going to have to negotiate. Elizabeth got it. Neil chatterjee, thanks for joining us. This story coming up, elon musk and bill maher throwing down. Theyre talking about colleges and schools indoctrinating students and censoring speech. Parents, this is your wakeup call. Also former utah congressman jason chaffetz, hes sitting right there. We cant wait to talk to him about this will the media cover that this is bidens 2024 strategy . How will voters react to this . 30hour workweeks, no Campaign Rallies or pressers, but hes going to try to blame maga constantly from the white house as he changes the u. S. Economy with the voc of a pen. Thats coming up on the evening edit, jason chaffetz. Celebrated chineseamerican architect i. M. Pei is perhaps best known for modernizing the lever museum in paris, one of many the most famous landmarks in the city. Born and raised in china, pei moved to the United States when he was 18 to study ark ec church during world war ii, he worked for the u. S. Government before starting his own design firm. Many in 1964 key kennedy personally chose the relatively unknown pei to design the john f. Kennedy library in boston. His work can be seen around the world including the East Building of the National Gallery of art in washington, d. C. , the rock and roll hall of fame in cleveland and Hong Kongs Bank of china tower. Pei died in 2019 at the a age of 102. America together celebrating i. M. Pei. Your best defense against erosion and cavities is strong enamel nothing beats it. New pronamel active shield actively shields the enamel to defend against erosion and cavities. I think that this product is a gamechanger for my patients it really works. Im sherry and im john. Im a pharmacist. As we were starting to age, its like, well how can we help our cognitive abilities . We saw prevagen. I did read the Clinical Study and went ahead and gave it a try. I feel that prevagen is helping me with overall clarity and as a pharmacist, ive recommended it to, not only just customers, but also to friends and family as a safe product to try. Prevagen. At stores everywhere without a prescription. Elizabeth okay, look whos back, former utah congressman jason chaffetz. Its good to see you, jason. President bidens 20 to the 24 plan, 30hour workweeks, blame and attack maga. When hes hit with criticism about his failing policies. Hes been in there for two years. Yeah. This has been his strategy before, its how he got to the white house. It was the basement strategy. Hey, dont debate foreign policy, dont say thinking, unfortunately. That tends to work because hes got a compliant national media, and its a shame for the country, but that is clearly his strategy. Elizabeth but its getting stretched to the point of absurdity, jason. We want your reaction concern by the way, what are they going to do next, blame maga for solar flares and put them on the grassy knoll . Lets watch democrats criticize maga and how they push back about weaken on crime policies telling victims, crime victims, families that they were just a maga prop. Watch. Im just concerned that too many of the extreme maga republicans have chosen to the try and is weaponize the immigration issue, not to solve the problem, but to try to maximize political advantage. Republican witnesses who have used their time the criticize District Attorney bragg have served as props in a maga broadway production. Megamaga, i call them. The maga republicans proposal will be a fivealarm fire for hard working families maga republicans maga. Elizabeth i mean, this is so 15 minutes ago, its so stale and lame. And now maga is or somehow connected to the bankruptcy of Bed Bath Beyond . Even elon musks exploding rocket ships . Yeah, its to the point of absurdity. But this is what happened what happens, liz, if youre not tethered to the truth. If you have a compliant media, guess what . You can get away with saying those things. They blamed the victims for the crime of what was going on in new york city. One of those womenned had their son women had their son murdered and somehow that was donald trump and the maga republicans fault . They control all the levers of government there in new york city, and trying to blame republicans . I dont think it works because they apply it to everything, and its just absurd. Elizabeth st the incompetent. Oh, come on, it doesnt apply to everything. Elizabeth bidens been in office since the nixon era. He ran Senate Foreign relations. Hes been behind a lot of government spending. Do you think voters are going to see through this . Because the polls show that the youth vote, independents, theyre saying, yeah, maga is an issue. Hes been in office for who years, and the economys in stagflation. Do you think voters are going to see through this . I hope so. Look, joe biden was elected many 1972. Jimmy carter hadnt even come into office yet, thats how long the guys been there. So, you know, if you havent come up with your solutions since 197 the, its 1972, its probably not going to the happen in your second term. Elizabeth got it. Jason chaffetz, thanks for joining us. Our hot take is coming up with carol roth, plus congressman mike johnson. Elon musk, bill maher throw down about the woke mind virus. Its basically dangerous and its difficult to get rid of. Also talking about colleges and schools indoctrinating students and censoring speech. Its on the evening edit. But lets check in with our buddies, craigen and sean, and know whats coming up next hour. Sean we have a great show coming up, Mick Mulvaney is going to talk about jpmorgan buying First Republic bank as well as fhfa fees, socializing the cost of purchasing a home. Dagen absolutely. And then also, of course we have jimmy failla coming up. Congressman jason smith on the hunter biden baby drama. But thats also a joe biden story. Why would the president of the United States deny one of his grandchildren . And alex epstein. Oh, again, not the democrats deny cutting off Peoples Natural Gas and their gas stoves. Oh, but theyre doing it. More about that. Sean ten and a half minutes away. What will you do . Will you make Something Better . Create something new . Our Dell Technologies advisors can provide you with the tools and expertise you need to bring out the innovator in you. The day you get your clearchoice dental implants makes every day. A lets dig in day. Mm. A chow down day. A take a big bite day. A perfectly delicious day. Mm. [ chuckles ]. A love my new teeth day. Because your clearchoice day is the day everything is back on the menu. A clearchoice day changes every day. Schedule a free consultation. Tech when you have auto glass damage, trust safelite. Well replace your windshield, and recalibrate your advanced safety system. So automatic emergency braking and lane Departure Warning work properly. Singers safelite repair, safelite replace. And i remember kind of thinking like, oh my gosh, i think we could be sisters. Because i think we looked. Yes. Right. Yeah. And i dont think at that time i think youre the one to tell me that we had the same birthday. Yes. Its really unbelievable when you think about it, because its been, like, really over 20 years that you were my mother and fathers banker, you became my banker and now fran is in her third year of college and youre her banker. Its so unbelievable because im just 20 years old. [laughing] these days, our households depend on the internet more and more. Families grow, houses get smarter, and our demands on the internet increase. Thats why we just boosted speeds for over 20 million xfinity customers, on us. So you get more of the speed you need for day and night streaming. More speed you need when youre work from homeing. And more speed you need as your family keeps growing. Check in on your current speed through the xfinity app or upgrade to the speed thats right for you today. Bridgett is here. She has no clue that im here. She has no clue whos in the helmet. Are you ready . Im ready alright. Xfinity rewards creates experiences big and small, and onceinalifetime. Elizabeth look whos back with us from the house select subcommittee on the weaponization of government, congressman mike johnson. Congressman, we want to get your reaction to elon musk talking with hbos bill maher talking about our nations schools. Watch this. If the amount of indoctrination thats happening this schools and universities is, i think, far beyond what parents realize. The experience that that we had in this high school and college is not the experience that kids today having. Its bizarre that weve come to the this point where like free speech used to be a left or liberal value. And yet we see from, you know, being, quote, left a desire to actually censor, and that seems crazy. Elizabeth so what is house judiciary going to do about it, congressman . Whats House Weaponization Committee going to do . Well, were looking into everything that we can. This is a problem that goes across board. Recent polling shows a large majority of College Students now its okay to violently protest and stop speech that they disagree with. The indoctrination is working. Now, if these are Public Education institutions that are receiving federal taxpayer dollars, there may be something, indeed, that we can do about that and we should. But our great concern and focus has been so far on the agencies of the government itself, the federal government itself, its agencies that have engaged in censorship. Of you know, censoring and silencing viewpoints a hay disagree with and, of course, its always the conservatives. The has happened with the social media platforms, and hats off to elon musk for giving us twitter files which proved it. Elizabeth now a new report says twitter is fully complying with government demands to take down content 80 of the time, and then weve got house judiciary you want to react to that . Go ahead, take that on. Well, look, there are conflicting ideas about this. Of theres a report today that said it was a minuscule number of requests, and hay came from foreign governments. I think elon musk is doing his best. Hes not infallible, of course, but he is trying to get us back to this idea of free speech. Its a critical principle, as he explained on the bill maher show, you have to have a free marketplace of ideas, and without that we cant have the Free Exchange of truth elizabeth how do you sop the bullies in academia . How do you stop them from bullying . How do you stop students being taught to bully . How do you get back to the civil discourse and and exchange of free flow of ideas without the loudest voice in the room threatening to censor or sue . Well, it does start with education, a proper education. We need our students to understand, we need College Students this particular to understand the principles of free speech, the constitution itself. The only thing we have the power to do in congress, to our great frustration, in a situation like this is related to the pursestring, you know . If theres funding going to these institutions and theyre violating the constitution, we may have something to say about that. Meanwhile, its the private lawsuits that get them back straight from the viewpoint discrimination theyre engaging in. Elizabeth congressman johnson, thanks for joining us. Our hot take with carol roth is coming up. Stick the right there. So people think theyre open. Surprise. [ laughs ] [ horn honks, muffled talking ] cant hear you, jerry. Sorry. Uh, yeah, can we get a system where when someones bike is in the shop, then we could borrow someone elses . No no or you can get a quote with americas numberone motorcycle insurer and maybe save some money while youre at it. All in favor of that. [ horn honking ] theres a lot of buttons and knobs in here. Say goodbye to daily insulin injections with omnipod 5. A tubeless system that automatically adjusts insulin to help protect against highs and lows. Try it today. Go to omnipod. Com for risk information and instructions for use. Consult your doctor before starting on omnipod. vo Verizon Small Business days are back. April 27th through may 3rd. Get a free tech check and special offers. Like a free 5g phone. Get started today with Verizon Business. Its your business. Its your verizon. Do you shop for vitamins at walmart . Force factor products powerfully improve your health. But theyre also delicious, easy to use and affordable. Thats why force factor is now the number one best selling herbs and supplements brand at walmart. Unleash your potential with force factor at walmart. Liz our hot take, look who is back with us, economic pro, carol roth. This breaking news coming in through the show during our hour, President Biden will sit down with the top four congressional leaders at the white house may 9th on the debt ceiling crisis. He hasnt talked with Kevin Mccarthy in three months. What is bidens brinksmanship here . It is embarrassing the u. S. To the world . The reality he doesnt have much to lose at this point inn time. His poll numbers are in the proverbial toilet. The economy is on the brink of recession, fullblown financial crisis, i dont know, liz, maybe they promised him a bowl of ice cream as well. But whatever it is they need to get this done, because the financial trajectory were on is completely unsustainable. The Interest Rate environment with the fed raising rates makes it even worse. I dont care take all the credit in the world you want for doing it but they have to get something done. Liz they have to get a grip on things. The economy is in stagflation, carol. The fed to raise rates 10th straight time this week to battle inflation under biden. He wants spending to go on. He is making fun of his age at the white house Correspondents Dinner and joking how he doesnt answer reporters questions . It is a little challenging. Charlie monger is 99. Warren buffett is 92. They have control of everything. He is not quite a chipper 80. Unfortunately that is embarrassing us not only here in the u. S. But on the international stage. We should focus on competency issue. That is the crux of the issue for biden and the inimpact on the economy. Liz has everybody on hamster wheel of debt spending inflationary spending and fed battling inflation from that. They want to change with everything with the stroke of bidens pen. 27 states are against his rule that. Blame everything on maga. Are you worried about another bank crisis or loan crisis because of moves like this . Im worried about it because of that. I worry because of commercial real estate. Im worried because of pools of risky corporate loans and Zombie Companies and derivatives. Were not out of the woodwork. Unfortunately the Biden Administration, with the fed has been a onetwo punch a complete disaster for the American People. It transferred wealth from working americans to that those asset holders. If things dont shift around the American Dream goes away. Liz got it. Carol roth that is quite a message. Well have you on soon. Tune into the evening edit tomorrow night, we have congressman greg stuebe, darrell issa, former Energy Secretary rick perry, New York Post miranda devine. Im elizabeth macdonald. Thanks so much for watching the evening edit this monday night on fox business. Time for my buddies at the bottom line. Dagen and sean have a hot show for you tonight. Good to see you my friends. Dagen good to see you. Sean thanks, emac. Dagen good evening, im dagen mcdowell