joining the crowded field. is there room for another candidate from the sunshine statesome with him there are three of them. we ll can him. welcome, everybody, i m neil cavuto, and this is cavuto live. i hope for dads tomorrow s a great day. in the meantime, fast-moving political developments. lucas tomlinson. reporter: good morning, neil. president biden departed for philadelphia for his first re-election campaign rally, as you mentioned. hopefully, the traffic situation is okay after that mess on i-95. biden removing this endorsement from some of the largest labor unions in the country. it s the earliest endorsement from the afl-cio in history. here s the president. we are a democracy, and so we ve been engaging our members, listening to them, and they want someone who will stand up and fight for them. and that s exactly what this president has done. he said he wants to be the midwest pro-union president when he took office, and he has absolutely delivered. reporter
my hands and knees and begged my colleagues, find a path forward, here. by doing something, we at least stop sending this quiet message of endorsement, to these killers whose brains are breaking, who see the highest levels of government doing nothing. shooting after shooting, what are we doing? why are we here? what are we doing? i yield the floor. with us tonight, connecticut senator chris murphy. senator, i turn that question to you. it has been 24 hours, what are we doing? i was presiding over the senate last night or yesterday afternoon, when i look down at my phone and saw that another sandy hook had happened, 19 kids in texas. i went straight to my desk, and that was the question that i kept on asking myself. it was the question that i spontaneously asked my colleagues. what are we doing? why are we here? why do you care so much about being a united states senator, if in the face of this evil and carnage, with all these parents who are just so frightened for their k
wages are not increasing to keep up with increased prices. inflation has outpaced wage growth going back to april 2021, just a few months after biden took office. economists say that is effectively a pay cut. most workers are, in fact, sort of worse off financially now than they were a year ago, and that is going to drain consumers wallets, it s going to drain their savings and ultimately, i think, will hit and harm spending. reporter: so far consumers continue to spend, but they re doing it on their credit cards, and there s growing concern it s not sustainable as credit card interest rates surpass 20%. back to you. neil: yeah. they don t budge, those rates. thank you very much for that, lydia hu. i want to go to scott martin, king s view asset management cio, very smart money guy. if you don t mind, scott, i d like to veer more into the politics of this. i usually do don t do that, but i have a method to my madness.
i understand that sometimes these important movements take a long time. i think the pressure on the republicans will ask themselves over the course of the next few days, is will i pay a price this november, if i sit on my hands again. in 2018, republicans did pay a price for doing nothing. and i think it needs to be voters, citizens, and activists over the next few days, pepper these members officers with calls, emails, tell them that if they don t get down to work with people like me, who are willing to compromise, but they are not going to get reelected. that s the question that our republican colleagues will be asking themselves over the course of the next week. let s say they don t budge. what are three things democrats can do tomorrow? the filibuster is not going through. so, we need to ultimately have a debate and vote, but senator schumer has said, and i agree with, him is let s give some space for these bipartisan
passage of the brady bill, the handgun legislation. it was more than a decade to the voting rights act. i understand that sometimes these important movements take a long time. i think the pressure on the republicans will ask themselves over the course of the next few days, is will i pay a price this november, if i sit on my hands again. in 2018, republicans did pay a price for doing nothing. and i think it needs to be voters, citizens, and activists over the next few days, pepper these members officers with calls, emails, tell them that if they don t get down to work with people like me, who are willing to compromise, but they are not going to get reelected. that s the question that our republican colleagues will be asking themselves over the course of the next week. let s say they don t budge. what are three things democrats can do tomorrow? the filibuster is not going