Transcripts For FBC Cavuto Coast To Coast 20240713 : compare

Transcripts For FBC Cavuto Coast To Coast 20240713

This is after this is announced and we get more data, were still, there are a lot of rumors out there but what is actually happening. We want to get the facts and data make policy based on good data. Reporter [inaudible]. Reporter mr. President , how is your administration addressing the comorbidity secretary azar isesponsible for a lot of coronavirus deaths, hypertension, diabetes, obviously closely connected to our food supply. We want people in our country to be healthy. Hows it every country address it . We want our people to be healthy, happy, we want them to have all the benefit they can have including health care. The Republican Party is strong on health care as you know, that includes preexisting conditions. We have done a terrific job on health care. Then we got hit by a plague nobody ever seen before outside of maybe 1917. I think weve done a incredible job producing ventilators and testing right now. You saw the numbers. Were over 12 million tests. That is three times more, four times more than any other country in the world. Were talking about countries that have done a good job. Nobody has done testing like us. We have the highest equal tests. Simply we want our people to healthy. Reporter diabetes, hypertension, obesity connect towed the food supply. How are you addressing those specifically . Health and human salveses says that is why america has so many covid death. We want people to have great food. That is one of the reasons we have our farmers and ranchers involved. Reporter talk about the problem, problem importing cattle with other countries, what is the problem there. Relatively small number. I heard sonny speaking about it but it is small number. We have tremendous amounts of supply, cattle, but generally speaking supply. Tremendous supply. Our farmers have done an incredible job. Now the distribution is being made much better than it has been and better i think, it will end up being much better than it has ever been, zippy. Why are we bringing in cattle . All trade deals made a long time ago. Why are we bring being in cattle from other countries when we have so much ourselves . In some cases i thought your answer was very good. They have been great allies. They have been working with us many years. Sometimes we needed the cattle, sometimes we dont, that is the farming business but i would say generally speaking unless this is a country has really been with us we shouldnt be taking their cattle. Okay . That is the way were going to handle did it. Reporter separate subject. You sent a letter last night to the w. H. O. What reforms they need to do . They said so in the letter. I dont want to go through it, it is detailed, long letter. Basically they have to clean up their act. They have to do a better job. They have to be much more fair to other countries including the United States or were not going to be involved with them anymore. Well do it a separate way. Okay . Reporter [inaudible]. Reporter some workers at meatpacking plants say theyre still concerned about their safety and that they want the government to do more to enforce, make sure that meatpacking companies are keeping their, that their workers safe with equipment, testing, et cetera. Is there anymore that you plan to do to make sure and enforce that meatpacking companies are keeping their workers safe . Ive been very much involved with plants since this problem has came up, what we have done, they have done a lot in terms of shields and other things, but they have, they had a disproportion natalie high number of people that had a problem. That is going away. The plants are very, very clean now. Theyre getting to a level where i think we had a report cleaner than they have ever been. That is a good report but i dont know exactly what that means but they are cleaner than they have ever been. Theyre doing a very good job i think right now in terms of the production act and in terms of what were enforcing but the meatpacking plants are coming online. Many of them are online. Fewer and fewer problems are being seen. If we didnt act we would have a big problem. Somebody in this position that didnt act we would have a big problem but it is something that we were very much involved in because we saw it very early. Did you have a question . Reporter are you extending ban on nonessential travel on [inaudible] were dealing with the prime minister, he is a friend of ours. He is very close to canada. We signed a usmca which is a big deal. It is with mexico and with canada and were dealing on that subject and were also on the southern border, as you know, the wall is going up, it is going up very rapidly. Were at 182 miles. Wherever we have the wall it just ended, just ended people coming into our country illegally. Were stopping drug traffic and trafficking, people, mostly women because they traffic women. It is horrible business. This is worldwide problem. Our southern border is a big point and were stopping trafficking. The wall has had incredible power and strength on what were doing. Tough say that well have by, pretty early next year well have 450 to 500 miles of wall fully built. So were doing a great job on the border. We have among the lowest numbers we ever had of people coming in and were moving them out as they come in. As they come in were moving them out. Literally were moving them out immediately. That has never taken place before, meaning in the last, in modern history it has never taken out reporter nonessential trade, are you going to extend the ban you put in place on nonessential trade . For now yes, but were talking to canada. As things clean up in terms of the plague well both want to do the normal. We want to get back. Everything we want to get back to normal. I think well have a fantastic year next year. I think we will do very well in the fourth quarter. I think the transition quarter which is coming up, were starting it very shortly, the third quarter. I think you will see some very good numbers but you will see great numbers in the fourth quarter. You will end up doing a great year next year. Look at the states opening up. Numbers are interestingly going down. Theyre opening up. You look at florida, georgia in particular, their numbers are going down. So were very confident that well have a tremendous, tremendous turn around. And we had to turn it off artificially. Now were turning it back on. And you are going to see some tremendous numbers. Thank you very much. Im going over to capitol hill. Reporter are you telling republican senators not to pass the phase four bill . Neil you have been listening to the president of the United States announcing this 19 billiondollar coronavirus Food Assistance program. It has doubleedged purpose here, not only to put food on tables where it is really, really needed to help farmers right now who might be on the receiving end from animosity on china if it doesnt make good on a lot of trade commitments it had. Im neil cavuto. Youre watching coast to coast. This comes at a time the president is marshaling resources and backing of the states and he is backing the states in reopening efforts here. The dow is kind of at a draw here, encouraged by that reopening process. It seems to be going along without any major hitches, but also focusing on some data which is confirming some of the worst fears people had be especially mixed news on the retail front. Home depot not so good. Walmart very, very good. Well pick apart that in a second. Blake burman first on the president s agenda to try to get people focused on the reopening and the economy improving. Hey, blake. Reporter neil, heard from the president there. A few highlights coming out of that. Youre right, the 19 billiondollar assistance going to farmers, 16 billion of that into direct assistance but there was pretty big news from the ag secretary sonny purdue when he was asked about the euthanasia of animals. There might be a supply issue, how many factories were closed down and the factories could not be operational. The secretary said on top of the 19 billion there are additional measures coming down to the line to make the farmers whole. That we heard from the ag secretary. We heard how the president talked about he wanted certain trade deals ripped up if it involved cattle being brought into the United States. The president was asked specifically about that afterwards as well by one reporter. He said it is a relatively small number coming in but it is still something he would like to see looked at. Also today, neil, the canadian prime minister, Justin Trudeau had announced that the nonessential travel ban between the u. S. And canada would be extended out another month, all the way out to june 21st that coming from trudeau a little while ago. The president was asked about that specifically and he wouldnt necessarily narrow down on the june 21st time frame, only to say they are talking to canada. A few highlights coming out of that announcement from the p. M. , the 19 billion to farmers, 16 billion in direct payments. There was another number earlier today that made some news as well, that was 354 million. That is a government contract that has been awarded to a company out of virginia by the name of flow corporation. The reason why the federal government giving that figure out to flow, to try to lessen dependence on Foreign Countries as it relates to drugs and pharmaceutical ingredients, making sure drugging and ingredients are made in the United States and added to the national stockpile. The ceo of fhlow spoke earlier this morning to maria bartiromo. Listen here. There are 200 medicines on the fda drug shortage list. This is just getting worse week by week. This has been exposed during this covid19 pandemic. Wow. We look at that list. Our focus initially, maria, start with those medicines only made in Foreign Countries. Reporter so you have got the 19 billion we just heard of, neil, 354 million there. The president , as you might have caught at tail end there, he is headed up to capitol hi hill now. He will meet with republicans up on the hill to talk about next step measures as it relates to what might come next with a phase four bill. Democrats passed their 3 trilliondollar package. President will talk about that this upcoming hour and we will also see him later in the afternoon in the 3 00 hour as he will have a Cabinet Meeting then. Neil . Neil all right. Blake, thank you very much. That is blake burman on all of that. We got some Economic News out today that reinforces the notion it will be a bumpy ride until things improve again particularly on housing front, Housing Starts dropping, steepest decline ever, Building Permits decline, steepest decline ever. The data has been well factored in, optimistic a cure for the virus is maybe in the making by the end of the year, vaccines well get into a little bit later into the show. The Economic Data has to improve as more people go back to work. Jackie deangelis sorting through all of that at the corner of wall and broad. Jackie. Reporter neil, the market is taking a little bit of a pause. The dow is paring some of the losses. The president talked about measures, for example, to help the farmers, while they are important to the u. S. Economy, they are still bandaid measures if you will. That is how wall street looks at that. We have a problem were trying to fix and trying to add more stimulus into the economy to help folks weather the storm, but you look at a day like yesterday when possibility of a vaccine is on the horizon. Wall street gets excited about that. That is why the dow had such a banner day. Having said that, some ag stocks moving there. Pretty much flat on the session. Well see where it goes. It was real live all about retail this morning that could be why the markets are taking a pause, because walmart earnings came out, the stock was up today, because it had very strong ecommerce sales. This is a company like amazon right now basically has been serving america through this pandemic while everybody has been stuck at home. So the ecommerce sales were up 74 in the first quarter, the samestore sales popped about 10 . Walmart hired 200,000 additional employees, to stock the shelves, fulfill online orders and keep the stores clean but the outlook is unclear, even for companies doing well right now. Walmart did withdraw the outlook for the year saying there is unprecedented availability. Basically which just means it is very hard to know how all of this will play out right now. Even for these companies seeing strong sales, it is a different story when it comes to dealing with these costs going up in terms of the bottom line. Thats where home depot earnings come in. Sales were pretty strong, stronger than expected by wall street but the earnings came down because of higher coronavirusrelated costs. Home depot said it has to raise pay for workers to get them to come in. It gave them bonuses and doubled over time. Add the measures up, it cost 640 million after tax. That is why home depot is down today. Retailers are struggling. They will have to work through some costs to figure out how they bring them down to maintain that bottom line. That is what wall street is worried about at the moment, neil. Neil jackie, since your last appearance with me, what do you think is the number one question viewers have been asking me about you . I know you had to put off your wedding, recently got engaged. They want to know if you decided on a date or just keeping it openended . We do have a date. It is june fifth. It is well over a year from now. We were hoping to do it in new york city, neil. Were sticking to that plan. We want everybody to be safe, happy to come, have no trepidation. Listen, we may even get married sooner than that privately but at the same time, you know, you have a party like that. Everyone can celebrate our wedding and also hopefully the coronavirus being over by then. Neil there you go. Youve relax ad whole country because i tell you, ive been pelted with this. There you go. I know people at the olive garden by the way if you need any help getting in there for a big celebration. Reporter got it. Neil talk to your future husband about that. Jackie deangelis. America, youre welcome. Now you know. Lets go to keith fitzgerald. He is following the market. Among issues coming up today, capitol hill appearance by treasury secretary Steve Mnuchin, Jerome Powell, chair of the fed. What i found interesting, keith, not only jackies pushback marriage date, more to the point what the chief is saying providing more help for the economy, more tools that he has available. What would those tools likely be, you think . Well, you know that is a subject of a lot of conjecture. Personally i wish the tools, im angry about it, would be directly to the consumer. Trickle down economies are not necessarily working, a lot of back seat quarterbacking, second es abouting right now. It could be more stimulus, could be buying more bonds, additional programs. Really he has has an open slate, so to speak. If you really want to get serious i think the time has come where you got to go directly to the consumer. They have to throw everything they know about financial alchemy out. Let consumer and markets figure out. If the markets deflate, neil, who will make up losses again . The fed . I dont think so. Neil it is interesting because the democratic plan, the 3 trilliondollar plan couldnt seem to go anywhere for the senate at time being, more 1200dollar more checks, expanded to more kids, maybe up the ante a little bit here, i got the impression that powell is not a fan of that as much as he is some substantive relief beyond that. What you do think the new stimulus will look like . I know it is still early in the going, but what kind of form will it take . You know my guess is the government is going to chicken out. They will go again with some version of trickledown economics. Well support this industry or that sector or these specific companies because theyre important to the economy. They need to, im not advocating democrat or republican, what they need to do is get to the consumers. Because consumers are not stupid, neil. They will figure out what they need, where they need it, how much willing to pay for it. Let the free markets work rather than put a bandaid on them at this point. Neil what do you think of the retail environment right now . Mixed read depending on retail. Jcpenney closing more than a third of its stores in this sort of very careful bankruptcy but, you have Stores Like Walmart doing well, amazon on fire, how is this all factoring out . Well, ill tell you what, this crisis like every crisis before it will create opportunity. The opportunities im seeing in this are specific. The push to online is very real. Any retailer who does not do that or integrate it is going to get left behind. Anybody who does not embrace the new cost structures associated with the virus in cleaning it up afterwards is going to get left behind. So the walmart home depot situation is a great analogy. Then you look at amazon, for example, which potentially is in talks to buy jcpenney. There are going to be consolidation by stronger players, weaker players. Will get left behind from an investment standpoint. That spells opportunity. You just got to place your bets correctly. Neil keith, thank you very much, i do appreciate it. As keith was wrapping up there, were getting word out of new york state, Governor Cuomo addressing reporters, hospitalization, something we follow very closely have declined even further to 5840 versus the day earlier. So that decline continues. I should say from 5840 daily. So that decline continues now, what looks like a 17day streak of declining hospitalizations. Deaths at 105, essentially what they were the day before but they are going down in the aggregate. I mention that, that is very important getting various regions of the state, there are 10 in all opened up. All said and done by the end of today, five will be reopened. Youre watching fox business. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Once weekly trulicity is for type 2 diabetes. Its not insulin. It starts acting from the first dose. And it lowers risk of heart attack, stroke, or death in people with known Heart Disease or multiple risk factors. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. Dont take trulicity if youre allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. Stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabeti

© 2025 Vimarsana