Transcripts For FBC Cavuto Coast To Coast 20240712 : compare

Transcripts For FBC Cavuto Coast To Coast 20240712

Gloom out there. Were following the Airline Industry very closely as you know. Theyre looking for more aid, this time in the form of direct government grants here. The talk is how are they going to get that . The question, how much. Jetblue, robin hayes, what the significance of the flying industry is going through now. Jetblue has been able to fly over the turbulence. There is something that must be going on that were missing. Were looking what is happening at colleges now. The university of North Carolina at chapel hill. Kids were congregating, going to bars and parties. Not exactly social distancing. Now that university among some others that goes from inperson to virtual classes. Iona colleges president is with us, how that school is avoiding all of that. Meantime were focused on day two of the Democratic Convention as stuart was highlighting. The president has his own plans, continuing to visit battleground states that could turn the tide on this contest, still 76 days away. Blake . Reporter hi, there, neil. The president does, we expect to see President Trump landing in the Hawkeye State of iowa momentarily for the scaled back version of swing state campaigning. When you look at iowa right now, where things stand, here is the lay of the land there. Six electoral votes are up for grabs in that state. The president won iowa by nearly double digits last go round. He flipped the state in 2016. The most recent poll the president might potentially only be up by a couple points. From the midwest down to the southwest as the president will go to arizona to talk about the border wall and immigration. 11 electoral votes there, the state the president won by 3 1 2 last time. Democrats though havent won arizona since bill clinton did so in 1996. But when you look at the average polling information from realclearpolitics. Com it suggests that joe biden might actually be ahead there by a couple points at this point in time. What we are seeing right now from President Trump certainly unusual in the grand scheme of things because campaigning during an opposing partys Convention Week is not the norm. The president making it clear though that he was certainly watching the Democratic National Convention Last night. This morning he has been focusing his attention on the new york governors handling of covid19 along with the speech of the former first Lady Michelle obama. President trump she was over her head. She frankly should have made the speech live, she didnt do. She taped it. She gets the fawning review. If you gave a real review it wouldnt be so fawning. I thought it was extremely divisive speech, extremely divisive. I think we have tremendous amount of enthusiasm for my campaign. Reporter the United States Postal Service the postmaster general fox has been told will be testifying before the Senate Homeland security and Government Affairs committee. This sort of gives the republicans the ability to put louis dejoy out there in front of the cameras and before committees before democrats on the House Oversight committee have their turn on monday. Also we are anticipating potentially here in the next hour or so, neil, states attorney generals filing lawsuits against the u. S. Postal service and dejoy. Washington state has said that that could be coming here potentially in the 1 00 hour. So we expect to see maybe here, neil, the first flood of litigation as it relates to the u. S. Postal service. Neil . Neil so much going on. Blake burman, thank you very much. Blake burman at the white house. Again as we indicated this is day two of the Democratic Convention. It is surreal. Youre expecting to hear applause or the pageantry, the pomp, all of that we associate with this of course this is a big night for speakers. I dont know whether they will be pretaped. We know bill clinton will be addressing the delegates or i should just say the nation virtually or otherwise tonight. Well also hear from dr. Jill biden, the former Vice President s wife and alexandria ocasiocortez who im told was given one minute to make her remarks. No more, no less. Jackie deangelis with what is at stake and who is at stake. Hey, jackie. Reporter good afternoon, neil, even though it was virtual Governor Cuomo was highly anticipated because so many people were comparing this to 1984 when his father gave the keynote speech. We knew he would focus on the coronavirus pandemic being a central figure especially new york city was at the epicenter of the virus. I remember him. You remember him giving those press conferences saying every day he was working closely with the federal government on new yorks response. Last night he said the county was ambushed by negligence, blaming the federal government for things that went wrong in new york and elsewhere over last several months. Listen to this. This is manmade threat by our own negligence. We see the virus ricocheting across the country from one state to another. Today we trail the world in defeating covid. We have over five million cases. Americans learned a critical lesson. How vulnerable we are when we are divided and how many lives can be lost when our government is incompetent. Reporter President Trump firing back on critical a horrible governor. Crime taking over. Everyone leaving new york state. Cuomo killed 11,000 people in Nursing Homes alone. Crooked and incompetent. Cases in new york are down but it is no longer the epicenter. At the same time people are fleeing, neil we know this. I see it around the city every single day because of the crime. Businesses are not back up and running in a full capacity. And the Real Estate Market is hanging in the balance here as people flee as well. There are budget problems. There are police problems. It is a bit of a mess. Governor cuomo not reeling in mayor de blasio. A bit of good news, amazon making a bet people will get back into the office adding 3500 jobs. 2000 of those expected to be in new york city. It is not amazons job to fix the problems here, right . The question is, can new york city reemerge as a Financial Center and a capital here . The onus will be on Governor Cuomo and bill de blasio. We have not necessarily seen the results we need to see from them as theyre poopooing the other side of this. Were looking to night looking for bill clinton, jon kerry, one minute for aoc as you said and a. Idbiden habe t tgunin inor thahaha ba to ck tu. O iengeaisngeaisis onn t that. Gig ckiejait h o a a p t is calru, mginf otwotwo t tce t a aanan a aonceoned eyey arere aboutut thehe vusus atthat was notot discussiscussis in dne the oheni day o t oemocc convention. Law and other was not front and center issue. Michael goodwin writes in todays new york post. That was a mistake. Joins us right now. It was not in the virtual fair. What did you make of that . Yes, neil by design it was excluded. The emphasis was embracing protesters and embracing black lives matter. Specifically attacking the police and silence on the issue of violence. You cannot miss the violence. It is everywhere. You see it in every city. You see the murder rates up by double digits in scores of cities this year alone. And yet no mention last night at all. I think this is a glaring omission because it certainly is on the minds of a lot of people. And so for the democrats to sit there and pretend it is not happening or even to acknowledge it i think is a major opening for President Trump. Of course this is something he already focused on. Look, the fear that your city will be next, your town will be next, black lives matter, antifa will in your neighborhood, that scares a lot of people. The fact that it is happening in these democratic cities is a of little comfort to people around the country. I think this is a major event that is unfolding in america and not to be discussed at all, not to be acknowledged by the democrats on their first night i think is just a huge, huge mistake. Neil i think this environment is very similar, night and day i know, instances but to what landed Richard Nixon in the white house with his narrow victory over Huber Humphrey in 196. The underbelly of violent protests, what have you, really resonated in a way that i dont think democrats appreciated at time. They dont appear to appreciate it now. Theyre galvanizing on widespread base of americans that goes way behind, i think as one speaker, lily white backers of donald trump. Isnt that playing the game in reverse . Isnt that trivializing the president s supporters, and actually boomeranging . Your thoughts . Yes. When the george floyd homicide took place in minneapolis, i think there was a national outpouring of grief and anger at it. So those were legitimate protests. Many Police Officers shared that grief and anger. The good cops everywhere. It has morphed over time to a Violent Movement now. Much the violence we see in seattle and portland, the looting the arson, the attacks on the police, on federal agents in other cities it is not so much about protests or even just antifa violence per se. It is about ordinary crime with the Police Pulling back and the police being handcuffed and being abandoned by the Political Class in these cities and states. So i think you have a mix of things going on but for i think people observing this from a distance, close up in their own neighborhoods the result is the same. Its fear. It is the fear that i will be next. That my family will be next. And nothing scares people like crime. I mean its, after terrorism, which sort of comes out of the sky, the crime that comes from the mugger accosting you or your children on the Street Corner or outside of your house, your house getting burglarized, these are everyday concerns for people were largely ameliorated during the broken windows policing of the previous two decades but now that crime has been let out of the bottle again and it is a shattering experience for people who are worried that they will be next. Neil yeah. I think one person said something to the effect, i could take safeguards against the violence. I really cant protect myself if the mayor isnt doing it and city, with the rampant crime and degeneration going on in the city. Right. Neil very good points all, michael. Thank you for stopping by. Michael goodwin, pulitzer prizewinning columnist. Good read on social economic developments when they intervene. Speaking of economic developments. One thing steady as she goes throughout the pandemic, coming out of the pandemic what is happening on the housing front. Exactly this. July Housing Starts, permanent activity, future construction scenes, homebuilder confidence. Its a litany of numbers. Existing home sales. New home sales. Appetite on the part of borrowers to, there is sentiment for buying. In and out of alltime highs. It is remarkable. It continues uninterrupted stretch. David dworkin is the National Housing conference ceo. David, good to have you back. This is remarkable t flies in the face on what would be skittishness on part of people even with the low rates, coming out of their homes, deshelterring, theyre all in on this, arent they . Thanks for having me, neil, and it is not what i expected certainly. I think my investment judgment is consistent about slightly below Michael Jordans batting average. What weve seen are three things happening in the market. One is that we simply have not been building enough homes for over the last decade. The law of supply and demand cannot be repealed. We have a lack of supply so housing prices remain healthy. We have aging millenial generation. These kids are not kids anymore. Theyre getting married. Theyre having kids. You know that urban lifestyle was not quite as hip when you have a floor full of toys when you have a one bedroom or twobedroom apartment. Neil go ahead. Then covid. A lot of people can feel the pain there. Theyre awfully cute when theyre in college. But the other factor is cove vivid and in covid has done a couple of things. One is it really has forced people to stay at home. If were going to be in that place for another six months to a year before a vaccine is developed and widely available, people are looking for great internet, plenty of room, backyard or in the case of suburban garden apartments, looking for great common areas. They dont want to ride an elevator to get to their apartment. So i think that that is another factor in having people look at the suburbs. Were not seeing a depreciation in urban housing values but we are definitely seeing an increase in demand in the suburbs. Neil well, it depends on the urban area, right . New york city, it is legendary, big multimilliondollar penthouses that go begging that could be shortlived. I remember people saying the death of the Real Estate Industry in 9 11, after the financial meltdown. Seeing it now. Each case is very, very different. I suspect things will probably stablize a little bit in places like new york city but i wonder if people are reassessing the need to be in a city period . They can do a lot from home . Or they can seek out Employment Opportunities closer to the suburbs. What do you think is going on there . I think it depends where you work. That is always a big driver. I think in the case of new york city and other cities like San Francisco there has been a lot of overinvestment at the top of the market anyway. And so i think we would be seeing that regardless. Good news is Interest Rates have never been lower. The bad news is building costs have never been higher. Lumber prices are up 110 since midapril. That is 14,000 for a typical new home. Another 5000 for a typical apartment. The other factor that really is a driver here is restrictive zoning and local fees. And this is something that was the subject of a white house meeting i was at back in november. Secretary carson was very strong about making the case that weve got to address restrictive zoning and local fees and build more housing that is affordable to average people. It makes the current rhetoric hard for me to understand. Affordable housing doesnt hurt home values t actually strengthens communities. It is a critical component of building our way out of this recession. House led the recovery of every recession since 1960, except for the last one. That is an obvious exception to the rule. If we get out of the recession it will not be having people go back to work at Neiman Marcus or j. Crew. Those companies filed for bankruptcy. We need people put to work. Housing construction is a really critical component how were going to do that. Neil that is a very good point. It can affect elections as well. David, thank you very, very much. A quick Counter Point to that, knot a Counter Point but to elaborate what david was saying, when the Housing Market is strong going into a president ial election it generally benefits the party in control of the white house. It benefited Ronald Reagan in 1984. Despite the stock market crash in 1988, the housing improved mightily for the stock market. It was the win at the back of then Vice President george h. W. Bush who got elected in a landslide. Conversely it was sinking fast in 2008 after the financial meltdown. Not only did stocks melt down. Real estate itself melted down. That paved the way for john mccains defeat and the rise of barack obama. Many other factors. Put it this way, housing has a better track record dictating who ultimately wins in the fall than almost any other measurement. After this. Businesses are starting to bounce back. But what if you could do better than that . Like adapt. Discover. Deliver. In new ways. To new customers. What if you could come back stronger . Faster. Better. At comcast business, we want to help you not just bounce back. But bounce forward. Thats why were helping you stay ahead and adapt with a network you can count on, 24 7 support and Flexible Solutions that work wherever you are. Call or go online today. Neil you know the Airline Industry is becoming like the Rodney Dangerfield of corporate sector. It gets no respect because people assume, well, no ones flying. The truth of the matter is week in, week out, since the worst of the pandemic more people have been flying. It is nothing compared to what it was a year ago, depending on the airport, the locale, it is down 50 overall traffic from where it was a year ago. Again as i said, week by week traffic is picking up. Believe me you will not run into huge crowds at airports depending on where youre going but its a sign things could be coming back. A lot of airlines are sort of stumbling along hoping the comeback comes sooner. Barring that, that federal aid comes for quickly. Theyre looking at 25 billiondollar stimulus package that would follow up on aid they received earlier in the year. Robin hayes is the jetblue ceo with some insight into all of this. You know, robin, you guys have defied, if you think about it, a lot of other problems others have had. You stuck to the business model. You have that chic appeal with flyers who are rapid fans. But the same flyers dont like the hassles of flying today. What you do you deal with that . Hi, neil, great to be back on your show. I think weve really f

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