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Transcripts for FOXNEWS America Reports 20240604 19:35:00

senator from mitch mcconnell on down likes the process. chuck schumer will have the defense bill on the senate floor in the final days of the senate calendar, did it last year as well. we will be asked to vote on a spending bill that did not go through the committee process, written behind closed doors, many cases senators and congressmen will not know what is entirely in there. we talked a lot this morning as a conference about how we can use the power that we still have, even though we are in the minority, democrats need at least nine republican votes next year to pass legislation to try to get back something like a normal budgetary process, where the american people can have the transparency they deserve about how their tax dollars are spent. every republican senator agrees with that. john: a lot to watch for. appreciate it. tom cotton. sandra: fox news alert, watching markets at this hour. just shy of the final hour of trading and look at this.

Transcripts for FOXNEWS America Reports 20240604 19:45:00

is quickly process people, means more may cross the border. what s the read on that idea from the white house? that s because this administration has not explicitly told people there are two parts of this. joe biden, when he was a candidate and in the transition said the people should come, essentially. they have since said people should not come, but they continue to come because as we have seen reporting from our teams at the border, there is a lot of money, government money going to nongovernmental organizations that pay for transportation, they pay for hotels, and so yes, the concern among critics is that if there is another $4 billion, it s going to go to relocating folks into the u.s. where some are given court dates, some are not. and again, we just don t know what exactly the administration wants to happen next week because they are not saying. john: all right, well. you can bet we are going to keep watching this, no question about

Transcripts for FOXNEWS America Reports 20240604 19:01:00

federal reserve will be hiking those rates, trying to bring prices down at the consumer level. we have been dealing with 40-year high inflation in this country, and it has been tough on all. we are going to speak to larry kudlow about all of that when he joins us live coming up. we ll ask him, john, if the federal reserve might be going too far. a lot of times you don t see the actual impact of the interest rate moves for months down the road. so, are they going too far with this? that s a question we will put to larry kudlow. welcome, everybody. i m sandra smith. america reports as we roll into hour two. john: keep an eye on the fed and the markets, one of the fast-moving stories this hour. also border crisis, one week until the biden administration lifts title 42 and the border patrol warns things are going to get a whole lot worse. a democratic lawmaker from the border pleading with president biden to stop this from

Transcripts for FOXNEWS America Reports 20240604 19:32:00

their 5g, and got some on board, some not. john, there are different reasons for that. with the american people, a lot of americans did not understand the danger of something like tiktok on their phones, privacy and security, that s why it s so essential that we try to inform them about this risk and take steps to protect them. with huawei, huawei has an intentional goal like so many chinese-supported countries, of mass producing products and then undercutting any competitors in the competent national market to develop a dominant position. you hear from some rural telecommunications companies here in america or allies, say huawei charges so much less and we don t really have an economically viable alternative. one reason we want to cut them off from the u.s. financial system to prevent them from developing that monopoly position around the globe. john: like the drug dealer who comes up to the kid, the first one is free.

Transcripts for FOXNEWS America Reports 20240604 19:03:00

their neighbor, an fbi agent. we know that that plot was not outlandish at all. sandra: new hampshire, 25,000 people in a town. john: the braymans, a typical suburban home, blue shutters and a big yard, they sell night lights through etsy. it s a cover-up, a one stop shop for funneling information to russia. they say they fabricated shipping documents and invoices, repackaging and reshipping items to destinations around the world before arriving in russia. john: delivery driver described the pair as the nicest family, according to the boston globe. molly line is live with this, and john lecari could not have written it any better.

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