Neil couple of yves before st. Patricks day, folks they are not worried about the selloff on the corner of wall and broad. We are not worried about it. We have Kendall Fisher coming up. Work with me. This is as long as i can do the irish accent. Im neil cavuto. Lets get to it this prest. Patricks day show. A lot to get to, not a lot of green between wall and broad, a lot of selloffs in effect. Meridian equity partner. Always good to see you. What is going on here today . I understand the backandforth stuff, maybe the rate cuts we want to see on wall street get pushed back to june and beyond but where are you on this . Lets break it down in different segments which weve seen a selloff the last two trading seconds. The market is at significant returns into this year. Weve seen the market trend higher and higher. A little bit of a pullback is healthy for our markets putting aside Interest Rate talks. That is what we are seeing, profittaking, we are getting close to the end quarter and we will see that type of activity taking money off the table. Lets talk Interest Rates. The fed meeting next week, we know what we are going to hear, they are not going to cut rates at this point, they will remain data dependent and look at all the issues and the economy. Talk about a june cut is on the table. I dont think they will give us insight on next week that would take the june cut off the table. That is what we are banking for, looking for june to see some sort of movement. The Economic Data we have seen so far, market activities weve seen so far is putting us on this path that we will see a cut in june. Neil what about technology . Technology stocks have been bumpy what people focus on nvidia and some of these others. That was living up a tad but the pressure we have with china over tiktok is spilling over between our countries, the apples and other technology lines, huge exposure, nvidia wants to expand business. What do you make of that . It certainly is. Prior to covid, march 2020 the biggest headline we were talking about was china towers. That went away with the covid headlines we had to deal with on a multiple basis but that is the pressure we have continually with china so from the Technology Sector, thats an issue, the relationship with china, the actual friendship is never going to be there and that plays into the Technology Sector. Weve seen significant move in the Technology Sector but we are getting to that point of what will move it lower and we will continue to have these import export issues with china as they use that on us. Neil following that from the floor of the stock exchange, we are talking to ken fisher about what he sees going on, still very optimistic, rate cut or no rate cut. Gasbuddy. Com guy has been focusing on this jump in gas prices weve been seeing and it is picking up steam. A lot of people say its deflection of the economy. Where are you on this . We are seeing something seasonal, something we expect a couple months ago in our fuel outlook. This is as we get closer to summer talking about refinery maintenance, thats the gist of this coupled with refinery maintenance that typically happens this time of year. Most of the nation is switching over to epa mandated gasoline, they are cleaner, part of the Clean Air Act amendments. Demand is going up, spring breakers are hitting the road. Its not a mystery to us, gas prices are up 345 just today, reaching of the year over year increase for the first time in the last few months. Talking about inflation gas prices where they were a year ago but we should stop of 4 a gallon once we see peak price in april or may. Lauren 1 normally what happens gas gets to an essential level, people say im not going to drive as much. It is its own behavior change. How do you see it this see this year as we get into summer . In light of where the economy has been, we see gdp growth, consumers canceling their plans because gas prices wont be as high as it was in 2022 when we saw the 5 price, we will keep an eye on the middle east and opec policy, weve seen Us Oil Inventories continue to decline, that could push prices up a little more in the next couple months. All in all i think 2,020 was shaping up to be something more affordable than last year, a slowdown in growth, we could see more people opting to stay closer to home this summer. Neil i was thinking of the problems evs, when elon musk says it will be troublesome for a while and you have this correct in and out of talks that might apply for bankruptcy and all that, got to wonder if thats good for traditional fossil fuel powered cars, increasing demand, pushing up prices. How do you see that as a factor . Great question. Will weve been talking about the last two years in light of record high gasoline prices was how Many Americans are transitioning to evs. With gas more affordable than last year and is expecting more affordability this year compared to last year, we see the transition decelerating. Thats not a huge surprise. More americans according to gas buddy, a lot of americans are staunchly against buying and if he. They might be good for big city but you tend to take a summer road trips and it becomes more about planning. Neil i always knew you would gain weight. When you stop it takes a long time to fill things up and you get some food and i think people are getting ridiculously fat on these vehicles. I will continue to pursue that. Have a wonderful st. Patricks day weekend. Her run in with Bernie Sanders is the stuff of tv legend and it started with his plan to look at a 32 hour workweek and then it escalated. Reporter it did because senator sanders thinks that everybody should have a 3 day weekend every weekend which sounds kind of nice. He has this bill that proposes changing the 40 hour workweek to a 32 hour workweek and you still get the same paycheck, forcing businesses to pick up the tab and pay their workers not to work so i tried to ask how this would all work on top of Everything Else democrats are proposing businesses do. Let me ask you a question about that. It seems like democrats want businesses pay their workers more, lower prices, pay people not to work. What i would like to see reporter how are businesses going to survive that . How can businesses survivors proposals . Jeff baezas pace and effective tax rate lower than the average worker, we have a real problem in our tax system. Billionaires have to start paying their fair share of taxes. Reporter republican say this is into realistic proposal. They are accusing democrats floating this idea to churn out more support headed into november. I apologize if this hearing gives anyone false hope. Mandatory 3012 workweek is bad policy, not even democrats unanimously support this but it may give us an understanding where the Biden Administration is headed for a tough reelection. Reporter you must have some thoughts. He worked we 6 days a week, dont know what senator Bernie Sanders would have to say about that. Neil i wouldnt take him on like you did. That was broadcasting gold. I love it. Big plans, we will see how they turn out. Hillary vaughan on capitol hill. Mike rowe knows a thing and has devoted his life to recognizing the value of traditional skill jobs, people who get their hands dirty. We have a country and hes trying to save that. Good to see you. I didnt realize it was the same st. Patricks day show. Ive got green i could one. I could talk like that. Neil too much of a regal star. When i first heard it i thought a lot of people have been pushing a four day workweek, working 40 hours in four days and 5 days and then i discover it would still be 32 hours for 40 hours and that got a little sticky. What do you think . You are asking a guy who started the foundation you kindly referenced 16 years ago, work is not the enemy. Everything we have seen. Everything i have seen, granted, our brains tend to find what we tell it to look for but example after example after example of what our country and society is doing to vilify work. Work has become the proximate cause of all our pain, all our on fulfillment, our misery, you can see that by the fact that retirement is still the brass ring, the thing everybody is working toward. In my view the whole thing is upside down. I dont want to paint with too broad a brush but the senator is a great example. How old is he . Doesnt matter. He is still working. Neil you dont have to agree, he has been consistent on this. Is it catching on . Are you afraid it is catching on . Yeah. I am afraid, and we are not born with work ethic. If someone doesnt make a case for it, we are going to default to our default positions. We are like rivers trying to get to the ocean. When we ran to a mountain we go around it. If you want to make a case for work ethic we got a work ethic curriculum into a big public school. It has taken three years. We been taxed 5 million for the top people in that class to go to any trade school they want. Im not patting myself on the back for this but we need better examples of people who will cheerfully take hold of the thing and lift. It is not to say work is drudgery. We have to push back against the notion that the more work, the more miserable you are. Its antithetical to everything i believe and antithetical to everything that i think is logical on a micro and macro basis. Neil you go abroad and talk vocations and trades, electricians, those who are good at fixing cars, they are golden. Here, not so much. Why is that . Because we are in control of the definition of a good job. Theres a lot of stuff we cant control. We didnt have to take shop class out of high school but we did. The unintended consequences that have trickled down, i know that is a triggering word, but the unintended consequences of taking shop class, i can draw a Straight Line from that one. 7 trillion in Student Loans to 11 million open positions that dont require four years agree to the very ethos we are talking about right now. South korea, germany, switzerland, they have a Guild Systems that put all the options on the table early on and dont put their thumb on the scale, none of this is to say a four year degree is bad, just that it is expensive and it isnt the best path for the most people. Thats a lie we should stop. Neil to your credit, you are spreading that, you are trying to entice people to vocations and trades, my partner when i try to call him, you are waiting a while, when he does come, people scream things out first and he comes like the pope. We dont appreciate that. These are honored and valued positions, when we dont have them around we are in a world of hurt. I had the image of a plumber in my mind with a scepter like a plunger coming down the street. But it is. Look. Weve entered a new phase. Its no longer about oh no, the poor Plumbing Company doesnt have enough people to higher or kids, look at all the opportunity you can have been a plumber. The question is how long do you want to wait for one . My foundation has trained 2000 people. Many are plumbers, some are pipefitters and electricians. They are making 6 figures a year right now. They are living proof the stigmas and stereotypes and myths and misperceptions that keep kids out of these fields need to be debunked, shameless plug but weve got 1 million right now today, we are giving away in work ethic scholarships. Neil you do beautiful work for that. Youre not wearing green today, nor should you but so grateful to have your forgiveness. I look forward to talking to you at the next possible opportunity. Neil mike rowe following all this. Charlie gasparino is monitoring this back and forth, sort of like a trade war could be triggering right after this. Students. Students of any age, from anywhere. Using our technology to power different ways of learning. So when minds grow, opportunities follow. i got injured, um, my back got injured very bad. I was off work for about a year. Did physical therapy, did. You name it i did it. I heard about relief factor from my wife. She basically made me take it. Relief factor is a daily supplement, developed by doctors, to help your body fight pain naturally. It doesnt just mask pain, it helps reduce or even eliminate it. I took it every day, three times a day, for three weeks. Woke up, laying in bed, roll over and look at her and i said, the pain is gone. And she said, im glad it helped. I said, no, you dont understand. Its gone. See how relief factor can help you feel better every day. Call or go online to try it for yourself and get our 3week quickstart for just 19. 95. 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If you have at least 10,000 to invest, call and talk with one of our bond specialists at 18002173217. Well send you our exclusive bond guide, free with details about how bonds can be an important part of your portfolio. Hennion walsh has specialized in fixed income and Growth Solutions for 30 years, and offers highquality Municipal Bonds from across the country. They provide the potential for regular income are federally taxfree and have historically low risk. Call today to request your free bond guide. 18002173217. Thats 18002173217. Adam the battle over tiktok, where the saga goes, we go to charlie gasparino. Charles my irish today, i think. I grope with irish students from the bronx. They were really irish. Irish feasts, cant remember. There was a whole thing and my dads union was heavily irish. The westys controlled it and my father worked for guys who i knew. I know a lot of irish people. Neil there is a kinship. The tiktok thing. Where is this . Charles wall street guys who are following this, this could be a big deal. Neil is at such a given . Charles all of tiktok is worth Something Like 200 billion. Low us the us thing is all over the place. The whole thing. A portion of that, 20 million, a huge deal. If we could do it. It is right there and that is one thing. Wall street is salivating. Talking to people like dan ives, dan gives it a 25 chance, he thinks of the senate will sit on it. Neil by could dance might not do it. Sends a bill to biden. Then its up to the chinese to say we will solve this thing and the secret sauce of our spyware. They dont do that anymore. Neil given the sheer lopsided vote in the house, Chuck Schumer wont have any choice. Charles with all these wall street folks. And there is a momentum building here and are we going to go back to arguing if they are stealing espionage for tiktok. This thing stalls, Chuck Schumer will ask why are you stalling it, that there is espionage. Neil china get so upset, leaves more trade friction, extends beyond the social Media Companies to the chip players because theres tension with china back and forth. Neil we have essentially deescalated our involvement in the chinese economy, not fully but because law is big there, they should be less big. They find other places. Ukraine, and and is tiktok or not . Todd neil my belief which is not backed up by dan ives, Chuck Schumer will sign it. The chinese give up the algorithm and at some point they are gone. Thats my view. Neil Steve Mnuchin is orchestrating this. Charles with microsoft. The committee has allowed the saudis to have a say in tiktok. Neil thank you. Charles he hasnt returned a call. Neil doesnt like you. Charles that is a guarantee. Neil have a wonderful st. Patricks day. Charles Saint Patrick was italian. He was italian. I had an irish friend whose father said, he said to me, and italian snakes out of anywhere. Neil thank you. Charlie gasparino on that. Count for sure will rescue us from all of that next. Were talking about cashbackin. Were talking about cashbackin. Were not talking about practice . No. Were talking about cashbackin. Were talking about cashbackin. Were talking about cashbackin. Not a game weve been talking about practice for too long. Word. No practice. Were talking about cashbackin. Were talking about cashbackin. I mean, were not talking about a game cashback like a pro with chase freedom unlimited. How do you cashback . Chase. Make more of whats yours. Adam i wonder what Kenneth Fisher does for of st. Patricks day. Despite being an investment genius, plugging his multibillionaire aspects, he is here, can fisher, good to see you, my friend. Always a pleasure to be here. Neil right back at you. These celebrate st. Patricks day . How do you feel about this holiday . I pray for luck, im not irish. I am all for luck. Green, depends what green you are talking about. Beauty is in the eyes of the beholder. I mostly try to take holidays one day at a time. Neil thats very profound. You have more than luck when it comes to investment success, you were way ahead of this market rally, still saying the rally continues. You heard people were getting concerned now. What do you say . I say the same stupid stuff but let me rattle through some stupidity. You dont need to be a genius to figure this out. Most people cant do it. When a bull market, i told you this before, gets 1yearold which this one did last october, they always, no exceptions, get a second birthday, thats next october. Why are people getting exercise now . Let me go a different direction. I told you this before. When the second year of a president s term is negative like 2022 was, a fourth year like 2,024 is has been positive, every single