Transcripts For FOXNEWS Cavuto Live 20240710

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Im Neil Cavuto and this is cavuto live. The implications could be deemed big victory for the data administration. Janet yellen In Europe right now reminding counterparts that this is a direction that they want to go. Big companies for the longest of time have been searching out low tax local and not paying their fair taxes. The implications of the move on the part of the Multinationas Ms and could face debate on Infrastructure Bill thats being debated. We will get into the details of all of that with top republican senator and top democratic Senator And Touch with hutchison and first jobless situation which is rapidly improving but to hear critics tell it, it can be improving all the more if the united States Government would extend the jobless benefits simply got out of the way and stop the benefits. Governor Like Hutchison has already ended them but, of course, that takes a while to have any impact on future job lookers. Lets go to David Spunt on the House'>White House on the implications to the Jobs Front and what this means from the Administrations Point of view . David if you ask folks at the House'>White House administration, they are happy, celebrating small victories when it talks about the economy bouncing back but not bouncing back as quick as they would like it. Last month 559,000 jobs added which is clearly somewhat of a victory thats not to scoff at but short of the expectation from the top economists at 650,000 jobs which were expected last month. Still roughly in the ballpark. The Unemployment Rate went down to 5. 8 . Neil, thats the lowest jobless rates since March 2020 when this pandemic really began to take a toll on the united states. The House'>White House, though, is touting that number. And testament to the new strategy thats growing the economy, not only growing it but from the Bottom Up and the middle out. David david republicans say its not good enough. This Week Head of the commerce said a portion of the population feels they are better off receiving Unemployment Benefits than going back to work. We just went out and surveyed the unemployed to ask them why they are not returning to work, 16 said because they are getting enough benefits from unemployment and from other stimulus checks that they dont feel the need to return to work. David david the President S labor secretary, former Boss Marty Walsh not overly concerned of extra 300 a week of Unemployment Benefits keeping people home. I think this shows that this is not keeping people out of the workforce. What its doing supporting families that are still out of work. David the President Says he eventually supports ending Unemployment Benefits and something that you Cant Hang on forever and the goal to send benefits by september. The House'>White House Crossing Fingers hoping that will stimulate people getting back into the job market, mile. Neil David Spunt from the House'>White House. 559,000 jobs added to the economy, but that was below the estimates of at least 100,000 more than that and part of the thinking goes those numbers would have been strong and would have gone well over 700,000 new jobs if these extended jobless benefits were not a factor. Aisha hutchison, arkansas governor, first to end benefits. Governor, very good to see you. Good to be with you, neil. Neil your Executive Order on ending this, governor, would actually take effect at the beginning of this month, i believe. So it would not have shown up in the data for last month. Are you optimistic that what you and other governors have done will translate into better jobs numbers for the month of june when we get them in july . I am optimistic about it, youre right, we had to give at least 30 Days Notice when we ended the supplemental benefits. Our effective date is june 26th, many have effective date of jun. I think a couple of benefits immediately sent a signal to workers out there that youre that you need to return to work, that if you need training, we can provide training to you. If you need Child Care assistance, we will have that assistance available to you, but this is encouragement to go back to work. Weve already seen some anecdotal that people are saying, well, its going to end, lets go ahead and get back to work. So i think we will see an increase in the numbers but also i believe the secondary benefit is that i was worried that President Biden would actually extend the supplemental Unemployment Benefits beyond september. And i think clearly now with over 20 states rejecting those supplemental benefits, i think, they will end at the federal level and thats necessary. We want people to get back to work. They are ready to get back to work and employers absolutely need those workers to get back on the job so we can keep our economy moving. Neil governor, youre probably aware the developments out of europe that all the major g7 countries, largely the largest on the planet have agreed at least on the concept of a global minimum tax on company with multinationals, those with profits of at least 10 to take effect. Now, Janet Yellen, the Treasury Secretary, former fed chair has been pushing this, perhaps the president thinks this will avoid companies trying to avoid taxes, what do you think . Governor well, i think that companies ought to pay taxes and pay their share. As a governor that competes with other states, Id Hate to see the federal government telling us that we have to have a Minium Tax or set level. I do believe in the freedom of competition and so instinctively i resist trying to have a general agreement that we are going to tell some countries you cannot try to incentivize multinational corporations to come there because they have to have a minimum tax and so i understand the need to change the status quo, to get more fairness in your Tax System but i dont like that restraint on Freedom And Competition that we will see from this. Neil you think about it, governor, this has been a big Negotiating Point in the part of the administration working with republicans on this Infrastructure Package that the president is open to not raising corporate taxes up to the 28 level and would would stick with this sort of 15 minimum as part of global tax to woo republicans to support an Infrastructure Package. If that was the means by which a deal could be had, would you be for that . Governor if they can reach a bipartisan compromise, then that is affordable to us, sure, you ought to look at that, but i think that they need to stay at the table and i hope that they continue discussions on this and i applaud the president for trying to seek a bipartisan agreement. But the conservatives, the republicans need to hold fast that we Cant Pay for this by tax increases. Weve generally viewed infrastructure needs as a User Fees and special revenues that could come in and pay for those. I hope thats the first option that they look at but obviously when youre trying to reach agreement, compromise is necessary. I think the most important point is getting at a level that we can afford and we are not simply adding to the debt of the future. Thats the most important principal to me in the negotiation. Neil governor, very good seeing you. Thank you for coming in on a saturday. Be well. To the governors point, update you on this global minimum tax thats gaining some press Around The World right now. The richest countries under the socalled g7 countries, ourselves and most of the Western European powers like italy and britain, france and germany, they have agreed at least on paper to a 15 minimum global tax. This is a way to incentivize businesses to quit, you know, humping around trying to find the lowest tax locale. For example, a lot of u. S. Companies moved to ireland where they have low taxes. The European Finance ministers have now said that game stops. Theres concession that is we made to get this to happen including back and forth on a digital tax that the europeans still want that we might have to go along here but the fact of the matter is this Day And Age where companies sort of pick and choose countries that have the lowest Tax Rate so that they can avoid higher taxes, for example, in this country, those days might be numbered. We will explore that with a top republican senator and a top democratic senator fair and balance to get to the impact of all of this but it will change the tax math, not only in this country but across the world. In the meantime, focusing on all the Tax Attacks on big companies, not only affecting the price of meat but also affecting more than two weeks away between President Biden and russian president Vladimir Putin, should that still happen in light of all of these attacks . Right after this. You have the Potential Today for a cyberattack that could take down our electric grid system, take down our transportation systems, our chemical systems, our water systems, take down our financial systems. You could virtually paralyzed this country with a massive cyberattack. That clearly is something we should be concerned about because its our national security thats at risk. Neil all right. Well, to leon panettas point, big oil supply, Colonial Pipeline hit, the Meatpacker Hit there that affected a quarter of the nations meat fly, nta, metropolitan region hit by ransomware. How bad is this getting and knowing that it is increasingly likely this came or animated from russia whether or not it was on the behest of Vladimir Putin, should the summit still go on in 2 weeks . Fox news contributor, dan, depending on whom ive been chatting this week, generally ive been hearing from prominent democrats, Face To face is important, others are saying, no, no, this is an egregious and consistent issue with the russians and particularly Vladimir Putin who would have to know about it even acquiesce to it that it would be hypocritical for us to to go there and to talk to the guy. Where are you on this . Im in the gray area. For sure this is a reward for Vladimir Putin, he lives for summits and legitimizes his autocratic him being Leader Russia and putin wants to demonstrate that he can play on an even playing field with the united states. But i would draw some History Lessons from President Regan who met with a number of soviet leaders and when our relationship was really at a very low Point And President reagan called out the soviets for their Human Rights Abuses and called them an Evil Empire and told gobeshav to take down the wall. Its up to President Biden to stay on script, Hold Russia Accountable and make it publicly clear where our red lines are and concurrently look at some areas albeit very few of them where we might be able to find common ground. Neil the president noted earlier this week that Vladimir Putin is testing him, do you think Vladimir Putin is testing him or feel him out as hes done over the years with new President S . I think he knows President Biden pretty well and i dont actually russia is testing the president. I think to use a chess analogy, putin is putting pieces on the board and putting critical infrastructure in his cross hairs that putin has a lot of leverage. What he wants to do constrain u. S. Policy. If he uses chemical weapons on his own people and annexes crimea, Invades Georgia and he has capability of targeting infrastructure and hold our citizens like Paul Laylen in prison without any Due Process whatsoever. Thats what putin is doing, to build up those pieces of level. Hes ready to move a few pieces of chess board. He probably considers our decision to let more stream go ahead as the united states stepping back and allowing russia to move ahead with the very important deal for them economically. Neil you know, it seems so easy now to go ahead and succeed in the Ransom Ware attacks because not only the frequency which they are happening but the severity and the impact on industries that used not be affect bid this sort of thing. You know, big Meat Supplier to the entire world, spreading foreign wide as places like China And Australia and Transit Areas as well, energy concerns, Colonial Pipeline and the frequency that its showing an alarming rate of capability and our own vulnerability. Does that concern you that this keeps happening to the highest corporate . Yeah, the Silver Lining and the Dark Clouds of Ransom Ware is we can do something about it. Ransom ware happens when an unsuspecting employee kicks on an email and opens up an attachment and allowing Trojan Horse to penetrate Colonial Pipeline or jbs. Those things are easily stopped with training but i also think that we need to direct our intelligence communities, putin is giving them Safe Haven just like the taliban gave alqaeda Safe Haven. We need to find, fix and disrupt hacking groups. Thats the job of our federal government because they are targeting our critical infrastructure. Neil we will see if anything changes in the tone of the summit and exactly what President Biden brings up with Vladimir Putin, but we will know probably a lot more in a couple of weeks n. The meantime we are focusing on other developments and the impact of some of those Hack Attacks including our Meat Prices worldwide. Now are you willing to pay up to double than you were a little more than a couple of weeks ago for things like Pork Chops and hamburgers and steaks, some are. Some Business Owners are not able to. One of them shut down until this settles. I wonder who that is. Eady . You sure you got everything . Drive safe. We all say it; chevy can help you do it. With Chevy Safety assist standard on the new Equinox And Trailblazer part of the Chevy Family of suvs. Drive safe. I would not feel good with all of that double Whammy Charging 35 Bucks for a sandwich. Its not a labor related issue, its a Supply Chain issue. I know how centralized the Supply Chain is. We have a big gear as opposed to little gears when theres a House'>Slaughter House in every region. Neil he has great success selling sandwiches, 50 bucks, 60 bucks, thats the reality that he faces of the Meat Prices and all types of Meat Prices have rocketed and some of this well before the Jbs Meat wholesaler. The hack attack. Implications for businesses that are trying to get up the postpandemic ground. Lets get the read from erin gibbs, george of the Capital Founder and chairman but last but not leave stephen moore, former adviser to President Trump. Steve, many Restaurant Owners whom ive been chatting who are clearly feeling the impact or clearly getting the sense from customers that they are okay paying more but they wont pay a lot more. They wont pay twice more and thats whats happening here. Is it a worry to you that it could unravel the economic recovery we are seeing . Well, it sure. I mean, higher inflation is just a killer of Market Rallies and also strong economies and think of these small businesses. I think we have something like 9 Million small businesses in this country and think of the Double Whammy theyre facing right now. First of all, they have the rise in prices as this gentleman does in terms of Beef Prices and youre seeing Beef Prices, produce prices, Gasoline Prices across the board, Transportation Prices but then on top of that, youve got the problem that the small businesses, the restaurants, the stores, the the factories, the construction Companies Cant get the workers back on the job and so youve got this Double Whammy thats really hammering the small businesses. By the way, the big businesses are doing just fine, the targets and the walgreens and the walmarts and the amazon, its really the little guy who gets hammered by these the constriction of the Labor Force and then the higher prices. Neil you know, im just wondering, aaron, we have seen uptick in food and related commoditieses long before these Ransomware Incidents and consums will get to a point that theyll either stop buying, you know, more expensive cuts of Meat Or Everyone becomes a vegetarian which could be a national emergency, your own thoughts . What i do think is delve down into all of the Commodity Prices in some of the futures and what really drove a lot of the price hikes, we have seen 30 jump in Chicken Prices over the past 3 months was a lot of the wheat and corn, the items that go to feeding those animals had spiked by 40 for the past 3 months. The good news that corn, meat, most of the grains have come down in the past month, 5 to 6 if you look at prices. We have to consider this as shortterm inflation and certainly hard for some companies to get through but there are early sign that is the commodities are coming down in the past month which should trickle to meat and other products. Neil you know, a lot of people look at this, depending on where you were born and for recent generation or younger folks, this seems like an anomaly and theyre worried about it. There are others, you know, like myself, long Gas Lines and we are nowhere near that. Where are you on this . Could we get to those . What do you think . Im very concerned to be honest. I think this is the biggest threat to both main Street And Wall street, the economy and investments for investors and i was intrigued the other day where i saw that President Biden called larry summers, the former clinton and obama economic aide and asked him what the concerns were. Larry summers concerned that the inflationary policy hit the big guy. They dont really hit the big business, they hit small businesses and they hit consumers because they basically all of the costs are passed through ordinary people and a lot of folks have a hard time affording higher Gas Prices and higher Meat Prices. Neil you know, if consumers are worried about any of this, they have a funny way of showing it. They are buying numbers and certainly the confidence numbers are as highest as theyve ever been and i wonder if you see that continuing or if theres only so much buying that you can do once federal benefits and things like that, you know, cease and their impact cease as well. Steve, first, go ahead. No matter how high the Beef Prices go, im not becoming a vegetarian, okay. I want a good steak and a good pork chop. When whats you get when you get higher prices of gasoline, your groceries is what it does it reduces the value of your paycheck, right, and so people in the middle or at the bottom are the ones really feeling the effects of this which is ironic because remember, joe biden, i will not raise taxes on people who make less than 400,000 but every time that you go to the Gas Station or Grocery Store youre paying a biden tax for the higher prices. The Big Question and, you know, we may neil im sorry, im jumping you, my friend, but you mentioned tax hikes, i want to go to europe, Janet Yellen is talking about the global agreement among the g7, the richest nations on earth to establish a minimum global tax on companies of at least 15 . Lets listen in. Pandemic output level. Thats in part due to rapid Vaccine Rollout but also ambitious fiscal support like americas rescue. G7 have space to feed up recoveries to not only reach precovid levels of gdp but to return to prepandemic Growth Path this is why we urge in our shifting to what more can we do now, not just to end the pandemic but to use Fiscal Policy to invest in addressing generational issues like Climate Change and inequality. As the chief 7 economists, we cannot forget the developing countries face limited access to vaccines and limited Policy Space to respond to the economic crisis. Our collective fear is that the pandemic reached lingering divergence where advanced economies rebound quickly while developing countries lag and develop deep scars from the crisis and the chiefs discussed how to prevent the divergence. First by helping developing countries vaccinate their populations, the surest way to do that is to keep supporting the Covax Facility which purchases and distributes doses to poorer countries. The Government Of Japan hosted a successful pledging summit for covax on June 2nd and i thank the countries who stepped up their contributions to this important effort. The u. S. Remains committed to the success of covax and will continue to disperse our 4 billiondollar pledge, the largest to the facility. The g7 also discussed neil Janet Yellen announcing an agreement on part of the g7, the richest countries on earth, not including our own but france, germany, italy, canada, et cetera. They have agreed to a 15 floor on corporate taxes that would directly affect multinational companies like google, Apple And Amazon some of whom dont pay enough or any taxes at all and the concern is that they have to pay something as the g7 put it and they must pay their fair share. The devil is in the details. Its not a done deal. Theres some European Members like ireland, for example, not keen on this as you know a good deal of companies have relocate today ireland because its so cheap there and all of their profits are tax whatever the profits are in their Home Country where they establish their headquarters like ireland. Theyre not keen on this as well. But by in charge this is part of the Administrations Commitment and use, if you will, to get Infrastructure Talks moving again and the administration has already offered an idea that republicans that there not go through with raising corporate taxes to 28 from 21 on even the 25 figure that had been mentioned by moderate democrats like Joe Manchin if republicans went along with this global tax of 15 and many republicans, indeed, were interested in that. Id rudely interrupted our panel including Steve Moore, do i want to switch on this, steve, what you make of this, the G7s Way of saying, all right, the corporate popping around, to find the best environment, you know, for taxes, that stops. Will it stop if this were to go through . This is infuriating actually as a Trump Guy who helped write the trump tax plan, one to have things that we did so effectively under President Trump was we lowered Tax Rates and what we had the Repatriation Tax which basically said companies could bring their money back to the united states and as a result of that, neil, we brought 1 and a half trillion dollars back to the united states that created all the massive amounts of jobs in the country that led to the lowest Unemployment Rate we ever had. My point is the united states should be urging other countries to keep their taxes low. This is the first time in history we have a u. S. Treasury secretary who is going to europe and telling them to raise their taxes. Its going to reduce american competitiveness. I think its a terrible idea. Neil looking at this from an Investment Standpoint and how it might change things, i guess would it change things, what do you think . Well, to your point, neil, i bet the tiger is roaring and i think on the left you have a lot of globalism and wanting to do stuff as, quote, unquote, Global Community and on the right you have an emphasis on whats best for america and whats best for this country as a singular Entity And Something that should be separate and distinct from the rest of the world. I think theres going to be a really big governmental philosophical debate over that, over the coming 4 to 8 years in terms of who is president and who is running the congress. Neil erin, investor in your own right, would you think differently of recommending technology concerns that on average pay lower taxes as it is in the case of amazon, little if any, recommending those stocks in an environment where they are going to have to pay something, at a minimum 15 . Yeah, certainly those companies that have taken advantage of the Tax Saving cut countries, that is going to have a big impact on their their year over year growth. Yes, i would be concerned of any those using Tax Heavens, particularly ireland of the future risks to their taxes going forward. Neil all right, guys, im sorry i truncated this. I wished we had more time. We do not. A lot of time giving people an update. For those tuning in, this is a significant development on a weekend no less where the richest countries on earth found a way to unit behind something that grabbed the minimum of a pound of flesh of multinational corporations, ie, largely american national concerns to pay a minimum tax of 15 . Many of them pay, you know, more than that. A lot of them pay less than that but this would keep It Standard across the board that no matter where they operate on this planet, they have to pay at least that, the devil is in the details in getting other companies to go along and as we have indicated companies like ireland that benefited from being a Tax Heaven from so many companies, not just americans, they will not be too keen on this. There are steps here. One of the immediate implications for this Infrastructure Measure that is being debated between the House'>White House and the prominent republicans, they have narrowed their Gap And Part of that was finding a way to incentivized republicans to come on board by the president dropping its demand to raise corporate taxes and getting them to rally around something like this, a global minimum tax of 15 . Jacqui heinrich following all of that on capitol hill. She joins us now with more, hey, jacqui. There still has not been enough movement to get this thing going. Time has drugged on as seen likely End Of The Road by both of the parties here. White House-infrastructure'>House Infrastructure talks and the gop, biden does plan to speak with senate republicans on monday but yesterday the House'>White House rejected a new offer from senate republicans saying it was too modest even with additional 50 Billiondollar 50 Billion in proposed spending. White House saying it did not meet bidens objective to grow the economy, tackle the Climate Crisis and create new jobs and House'>White House Press Secretary Jen Psaki says although that caputo and the Senate Gop have been negotiating in good faith they are going to have to look elsewhere. There are democrats and republicans who are talking with each other. We are going to engage with them as well and continue to have a discussion with a range of interesting leaders in congress on how we can come together and make historic investment in infrastructure. We will keep a range of pathways open to move the bold ideas forward. Among the other options a group of bipartisan, lawmakers working in 820 billiondollar proposal that would be paid in 5 years, this second plan paid for in part with with a Carbon Tax of 24 per metric ton. Exceeds the paris climate Accord Standard which is Percent Reduction over a period of time. West virginia senator Joe Manchin said this week that he would not back a Democratonly Bill so that means that the House'>White House really has to get it together and hash out some deal that both sides can agree on because going reconciliation does not appear that its going to be an easy task, neil. Neil it would not be a Slam Dunk to your point, jackie, Thank You very much, Jacqui Heinrich in washington on all of that. The impact on where all the of negotiations stand especially in the light of the move of g7 to rally under globalized tax. Senator, good to see you. Senator good morning, neil. Appreciate the opportunity. Neil what do you make a G7 Move . Its been teased for a while. Joe biden and in negotiations with republican colleagues have talked about this as an incentive to rally around that if he took away the hike in corporate taxes that he has been 28 and 25 and keep it at 21 and get support for a minimum tax of 15 . What do you think . Well, first of all, i think you said it very well when you said the devil is in the details. 15 of what to begin with . This last year they were indicating that a number of companies didnt pay any Income Tax but at the same time we were in the middle of a pandemic and the question is, was the profit did they make a profit and 15 of no profit is different than 15 of a huge profit. So are we talking about 15 of a gross, are we talking about with deductions and the different countries that are talking about right now, the g7, even if they agreed and they have not agreed, this is a nonbinding agreement at this point according to what ive been able to read, we still dont know what thats going to to be. 15 of what . Yeah, the devil is in the details and most certainly and ive liked competition and we can put together a Tax Code that allows us and continues growing economy like we were able to do with the Tax Cuts that we incorporated in 2017, lowest unemployment in 50 years, Gdp Blowing Up in more than a generation, those are positive things. I think Steve Moore is right when he says any time that we have one of these things where youre coming in with a new tax, most of us dont like the idea of trying to coordinate with other countries Around The World just to raise taxes. Neil to your point, we are learning this would focus on companies with margins of more than 10 but a lot of the companies have clever accountants that can find ways that they dont have those profit margins. Im just wondering if this will trigger more of that kind of clever accounting behavior, what do you think . Well, most certainly is the largest organizations seem to be the most adept at creating and using the Tax Code to their advantage. Now, most of the discussion so far has been just on the top 100 corporate entities, the largest to the large but that always seems to come back down to the little guy. I mean, one way or the another its the little guy that gets it. Bottom line is that somebody is going the pay and what we have always thought in the past is that its consumers, consumers always end up paying the bill, so if they are really talking about, its more of a hiden tax and citizens of the united states, if theres a minimum tax that is actually incorporated in the u. S. , along way of getting that done but if thats actually the case, i think youll see the consumers will pay the bill just like right now theyre paying the bill when it comes to you talked earlier about beef and to me what youre seeing right now with the Beef Market and so forth, consumers are paying a huge price for beef whereas the guys that are actually producing the beef, they are barely getting by and in most cases they Cant Pay for those inputs. Neil all right, we will see, senator, Thank You very much. Fair and balance, we will be hearing from Senate Democrat Bob casey, what he makes of all of this. To echo further comments from Janet Yellen in london, this is about fairness, this is about companies paying their fair share and joint statement from the g7, this is the framework that we believe the entire globe can move forward with or so they hope. Stay with us. Sometimes you wanna go where everybody knows your name and theyre always glad you came you wanna be where you can see ahah our troubles are all the same ahah you wanna be where everybody knows your name you wanna go where people know welcome back, america. It sure is good to see you. Struggling to manage my Type 2 Diabetes was knocking me out of my zone, welcome back, america. But lowering my a1c with onceweekly ozempic® helped me get back in it. Oh, oh, oh, ozempic® my zone . Lowering my a1c and losing some weight. Now, back to the show. Ozempic® is proven to lower a1c. Most people who took ozempic® reached an a1c under 7 and maintained it. And you may lose weight. Adults lost on average up to 12 pounds. Ozempic® isnt for people with Type 1 Diabetes or diabetic ketoacidosis. Dont share needles or pens, or reuse needles. Dont take ozempic® if you or your family ever had medullary thyroid cancer, or have multiple endocrine Neoplasia Syndrome Type 2, or if allergic to it. Stop ozempic® and get medical help right away if you get a Lump Or Swelling in your neck, severe stomach pain, or an allergic reaction. Serious Side Effects may include pancreatitis. Tell your provider about Vision Problems or changes. Taking ozempic® with a Sulfonylurea Or Insulin may increase low blood sugar risk. Side effects like nausea, vomiting, and diarrhea may lead to dehydration, which may worsen kidney problems. Onceweekly ozempic® helped me get in my Type 2 Diabetes zone. Ask your Health Care Provider how it can help you get in yours. Oh, oh, oh, ozempic® you may pay as little as 25 for a 3month prescription. Neil all right. Belmont Stakes Today but theyll be a noted absence today. We got Alex Hogan at Belmont Park in belmont, new york. What are we looking at, alex . Alex beautiful start at belmont, Third Day of the third leg of the triple crown, Belmont Stakes are held in first or second week of june, 5 weeks after the derby and then 3 weeks after. In 2018 sow about 90,000 fans. Today we expect to see 11,000 people. Still quite a turnout after a year of no crowds in the stands in 2020 and its been a dramatic triple Crown Season so far. Churchill down suspended trainer for second positive Drug Test for medina spirit. The new York Association also banned baford from entering a horse or occupying space here at Belmont Park. The overall damages were fairly confident are probably going to be well in excess of 10, maybe over 30 million. Again, this is one of the biggest Horse Racing events in the world. And it was won by a horse that got doped. Alex of the 3 Racing Tonight the favorite to win is essential quality, others with very favorable are hot Rod Charlie and neil, i remember, a few weeks ago you saying that rock your world was your favorite, of course, because of the closeness to the name of your show, the name of the horse. A lot to see here but the first race will begin in hours time and, of course, the big main event will begin at 6 49 tonight, neil. Neil apparently veterans dont agree with me. Alex, we will see is right, Thank You very much, alex, Alex Hogan on all of that. Remember when major League Baseball decided to take the allstar game from atlanta, well its just been pseudofor over A Billion bucks. Meet the guy who is doing the suing and the support he is getting after this. Cosentyx works fast to give you clear skin that can last. Real people with Psoriasis Look and feel better with cosentyx. Dont use if youre allergic to cosentyx. Before starting, get checked for tuberculosis. An increased risk of infections and lowered ability to fight them may occur. Tell your doctor about an infection or symptoms, if your inflammatory Bowel Disease symptoms develop or worsen, or if youve had a Vaccine Or Plan to. Serious allergic reactions may occur. I look and feel so much better. See me. Ask your dermatologist if cosentyx could help you move past the pain of psoriasis. Emergency planning for kids. We cant predict when an emergency will happen. So thats why its important to make a plan with your parents. Here are a few tips to stay safe. Know how to get in touch with your family. Write down Phone Numbers for your parents, siblings and neighbors. Pick a place to meet your family if you are not together and cant go home. Remind your parents to pack an emergency supply kit. Making a plan might feel like homework, but it will help you and your family stay safe during an emergency. Neil well, uphill lawsuit seeking better than A Billion dollars from major League Baseball for moving this years allstar game from atlanta to denver in light of the georgia voting law. My next guest said they went a step too far targeting not only major League Baseball but the Baseball Commissioner himself. Alfredo ortiz joins us right now. Head of the Job Creators network, the president and ceo. Alfredo, very good to see you again. As i understand it, youre looking for a Jury Award of at least 100 Million in compensatory damages to local businesses you argue were seriously impacted by this to the tune of another 1 Billion. Most lawyers say you have a big uphill battle, what do you say . Well, neil, Thank You very much for having me this morning and the david versus Galiath Story continues even manford and clark, the two defendants did dodge service, we did get ahold of them and theyve officially been served and so we are moving forward with a June 10th Hearing Date and, in fact, just late yesterday we received the list of attorneys representing, 1,500dollar per hour attorneys, so this is a definitely Dave And Goliath story and interesting story on June 10th. Neil they get a lot of money proponents say from just, you know, the Baseball Season itself so that the impact is as damaging as youve made it out to be. Its definitely damaging, neil. The 100 Milliondollar number we are looking at is estimated by a lot of the local officials in georgia and its not a stretch at all. If you look at other alstar games and what theyve brought in for the localities, somewhere 35 to 190 Million actually. So, in fact, in this postcovid environment where people have money to burn really because theyve been sitting, you know, all year inside, i think people were very, very anxious and ready to looking forward to spend that money. In fact, 8,000 to 10,000 Hotel Beds have been reserved, you know, restaurants, bar owners, they were ready to hit printed menus. This pain is real and its Citizen Pain for political gain and thats what the worst part about this. 100 Million is real loss, real money for real people. Neil all right. Please keep us posted, alfredo. Thank you for taking the time to join us on this. 1. 1 Billion lawsuit. 100 Million in immediate damages, A Billion in business related Collateral Damage that again as you heard hes thinks he can win. We shall see. Have you been flying lately and have you heard skies, a guy stormed a cockpit and other things that is happening up there that has a lot of concerns down here. [inaudible conversations] neil all right. The border and the Border Issue will be a big, Big One Starting tomorrow when Vice President Kamala Harris heads down to Guatemala Tomorrow and then onto mexico to look at what the administration calls the source of the problem there. Aishah hasine along The Border, great reporting and the escalating situation that right now ultimately gets more complex as shes there. Aishah, whats the latest, by the way in mission, texas. Aishah good morning to you, republicans would rather see the Vice President make a trip down here to The Border first as the administration pledges more than 300 Million to those triangle countries, states like texas are confronting the criminal and humanitarian crisis on their own. The cries of Children Pierce through the rainstorm in la joya, texas as we wrote along with Texas Department officers and a large group of 70 people including 40 unaccompanied children. We saw kids hiding from the rain under trash bags, waiting hours to get processed because Border Patrol didnt have enough buses. This man from El Salvador introduced us to his wife and 1yearold baby who was covered in mosquito bites, he says the Journey North was a dangerous one. You dont want somebody to take your baby. The police and the military take our money. Those were the bad guys too. Aishah we also saw migrants making a run for it. Dps Officers Hell us this man was supposed to get picked up by smugglers but got lost and started running when he saw a dps truck. And check out this dps Trail Cam recently found with a suspected cartel scout, officers say he stole it from The Border likely trying to clear a path for smugglers. This is a federal government issue. This is a problem from the federal government. Theyre not supporting u. S. Border, u. S. Border patrol we need support in the southern border. They are overwhelmed with the process and hours of processing, the migrants are coming across. Vice president Kamala Harris heads to guatemala this weekend, i asked the man from El Salvador what would have taken for him to stay, he said there are too many problems, too much corruption in his country. He and his family had to escape. And, neil, Vice President Kamala Harris is not scheduled to visit those countries, El Salvador or honduras on her 3day trip, neil. Neil do we know for sure that the Vice President will not go to The Border after a trip to mexico, in other words, be In Mexico but not at The Border . Aishah we dont know that for sure and theres been talk with reporters could there be a Surprise Visit on the 3day Tour before she heads there, we just dont know. We have seen administrations in the past, of course, make Surprise Visits so we will have to wait and see what happens this weekend. We could see something, neil. Neil all right. Aisha in mission texas, Thank You very much, aishah. Lets go to republican alex lugo, republican of texas, advisable for the Vice President to stop at The Border has been urging the president to do so himself. We dont know exactly what the vice President S plans might be and might surprise folks and get to The Border. If she did, what do you think she should pay attention to . Well, neil, the administration, President Biden, Vice President harris have advocated their responsibilities to keep americans safe. They have advocated their duties. The clip we just heard, this is a federal issue. The state of texas had to declare emergencies in 34 counties. Think about that. We are spending millions of dollars here in the state of texas to keep ourselves safe meanwhile the administration wants to send 300 Million to the triangular countries. We need to focus right now on what the Border Patrol agents need. Neil what has changed in the administration is a lot of the cases for those who are, you know, converging at The Border, they used to be adjudicated under Donald Trump on the mexican side of The Border and now the u. S. Side of The Border. Thats something that you want to see changed but right now there are no signs that it will be. If it continues like this, then what . Well, if we are going to address the Root Cause which is what the Vice President is saying, we do need to adjudicate those In Mexico and before the crisis and the surge reaches our borders and thats what we have been calling for all along is to have remain in Mexico Policy reinstated and have the agreements with honduras, El Salvador, guatemala reinstated just like President Trump did. He was working with the governments and making sure that the Surge Wasnt happening and the rhetoric is something that the president cannot say with either unsaid or policy that our borders are open. Thats whats being communicated to the rest of the world right now. Neil you know, democrats encountered, congressman and the way, encouragements at The Border happened at the republican and democratic President S alike, that it happened under Donald Trump on two different occasions in two different years in the span of his 4year term and you Cant Blame it on administration Per Se, what do you say . Well, sure, this has been an issue that we have been working to correct and work to go prevent and finding solutions for. I think the key difference right now is weve got 4 known terrorist that is have entered this country this year. Weve got more fentanyl into the state of texas than we know what to do with. In fact, that fentanyl could kill 21 and a half million people in its total amount. So what we are doing right now is weve completely reversed course on policies that we are working to stem the flow to make sure that we are correcting the crisis thats occurring. Neil you know, while i have you and if you dont mind changing subjects, we have push for minimum global tax that janetyellen signed from six counterparts, italy, france and others. Im wondering what you make of that because its getting republicans on board with an Infrastructure Package where corporate taxes wont wont be hiked as the president had earlier planned but this floor, this 15 global corporate tax would be would be in place. What do you think of that . Well, any time we are raising taxes on american people, i believe that we are doing the wrong thing. In 2017 the president lowered taxes to record lows and we came to federal treasury with more tax renew in the history of this country. So now we are going to go into the summit with the position of weakness. We are asking the president to go with a position of strength and meanwhile hes just giving our industries away and giving our instruments of power away. So obviously this is very concerning for what the administration is doing. We dont support higher taxes in any way, shape or form. Neil so if you got rid of the 28 tax and you had a 15 corporate tax, global tax, you would not be for that . Well, i think we need to look at the details and see the accumulative effect of what it does to the country and how it affects not just the corporate rate but trickle down and affect the rest of the american workingclass people. Neil got it. All right, congressman, Thank You for coming in. Always good seeing you. Republican texas congressman. I want to go to Mark Meredith right now. This is an issue, mark, and youre in North Carolina where Donald Trump will be speaking tonight at a party fundraising event. I have a feeling this issue will come up, what are you hearing . Mark one of many issues to come up. Former President Trump will have a captive audience where he sees thousands of people right in the ballroom. One of a few a handful of times that we have heard from the former President Since he left the House'>White House. Organizers say this could be a big boost for the president. The president Making Trip to battleground state, no coincidence, im heard he will be talk about the economy, coronavirus, dr. Fauci and his thoughts on the biden administration as well as the news that we got yesterday that he will be kept off facebook till at least early 2023. The former president releasing a statement yesterday, they shouldnt be allowed to get away with the Censoring And Silencing and ultimately we will win. Our Country Cant take the abuse anymore. This would be a big boost for the republican party here in North Carolina for the former president to be back out here trying to get on the stump. We got up with the chairman of the republican party earlier this morning. Youre going to see vintage Donald Trump here tonight and he will be lay out to visions for his differences of america and what we are seeing out of washington under President Biden right now. We are also expecting to hear from governor christy nohlm. Shes a potential candidate in 2024. We will be look if she drops any hints later on this morning. Neil. Neil all right, Mark Meredith, Thank You very much. Mark meredith in greenville, North Carolina, a few hours tonight, 5 00, 6 00 p. M. Eastern time, i believe, president Donald Trump will be addressing the crowd, maybe responding to some of the developments including for those who just tuned in a talk of a global corporate tax, minimum one of 15 . We talked to a top republican senator what he makes about that, pennsylvania Democrat Bob Casey fair and balance what he makes of that after this. You already pay for car insurance, why not take your home along for the ride . Allstate. Here, better protection costs a whole lot less. Youre in good hands. Click or call to bundle today. Youre in good hands. Welcome back to that same old place that you laughed about well, the names have all changed since you hung around but those dreams have remained and theyve turned around whod have thought theyd lead you whod have thought theyd lead you back here where we need you back here where we need you yeah, we tease him a lot. Welcome back, america. It sure is good to see you. [narrator] imagine a shirt that actually makes you feel better, introducing tommie coppers shoulder centric support shirt, their biggest breakthrough yet. Advanced engineering promotes healthy Posture And Relief for achy shoulders and back. Visit tommiecopper. Com to see the entire line of wearable wellness compression. They have you covered from head to toe. Tommie supports my back and my life. [narrator] go to tommiecopper. Com right now and save 25 . Life hurts, feel better. The g7 has taken significant steps this weekend to end the existing harmful dynamic making Commitments Today that provide tremendous momentum towards achieving a robust global minimum tax at a rate of at least 15 . That global minimum tax would end the race to the bottom in corporate taxation and ensure fairness for the middle class and working people in the u. S. And Around The World. The global minimum tax would also help the global economies thrive. Neil all right, Treasury Secretary Janet Yellen, former fed chair harolding an agreement among the richest western nations to offer a global minimum tax and stop the rush to the bottom, she was suffering to the western powers and other countries to lower respective Tax Rates and started when Donald Trump lowered the corporate rate from 35 to 21 . Other countries quickly followed suit to see if they could, you know, appeal to companies to come to where they are, but if this ends, agree on a universal tax of 15 and a minimum for companies, this would stop this hopping and skipping around in the part of companies to avoid hightax areas. They would have to pay that no matter where they are. The devil is in the details. European countries ireland which has benefited from having the lowest Tax Rate in Europe Cant too keen of seeing the status change. Senator Bob Casey of pennsylvania on what he thinks on all this. Senator, thanks for coming by. A global minimum tax, what do you think . Hey, neil, i think its a good idea. First of all you have Secretary Yellen pointed to a race to the bottom without something like this and does ensure fairness and the g7 covers not just the significant economies but a lot of geography between European Countries and North America as well as russia. So theres a lot of range there that have a positive impact because if you have the race to the bottom, big corporations win but workers dont and local economies dont. Neil you know, you to have the g20 which include russia to go along with it, whether they would be part of it is another matter. You know, obviously the president has been trying to use this as a way to get republicans on board, an Infrastructure Plan by saying i wont raise corporate Tax Rates to this country as i originally planned. Would you agree to this and many have, on thought on paper, intriguing idea, what do you think . We are seeing substantial effort on the part of the president to engage with a group of republican senators. I think its very positive. I cant say i can give you an up to the Minute Summation of where those negotiations are. Obviously President Biden with with senator twice this week and monday upcoming week. We will see what happens. But ultimately, neil, i think a lot of the nonfiscal Infrastructure Work have to be done by democrats regardless of fiscal and infrastructure versus other elements of the caregiving that we need in place in a state like ours which is home and communitybased Service And Child care and early learning. Neil well, you know, a lot of republicans say that shouldnt be part of the infrastructure deal. We can go back and forth on that. Senator, is it your sense that there are enough Democrat Votes to pass this in the senate especially when people like Joe Manchin, your moderate colleague from West Virginia says if its not bipartisan, if its talking about breaking the filibuster, hes not interested. Where do you think this stands . Senator i think when youre looking at the overall proposal, the Jobs Plan and the familys plan combined, thats really what the Infrastructure Proposal is and Joe Manchin and the others urged caucus to engage and compromise in negotiation. I think weve spent a lot of time on that and that might be our proof. But ultimately to do everything that i would want to do to help the people of pennsylvania, i think we have to do most, if not all of what the president proposed. I think by definition that means we will have to do it by a different pathway because these needs are overwhelming not justifies Call Infrastructure like roads and bridges. We have 3500 bridges at least that need a lot of work. We have Water And Sewer and we have people on Waiting List for when i say people, seniors and people with disabilities on Waiting Lists for became ever more urgent when we saw many in Nursing Homes because of covid. To do most of what we need to do we will have to do it through Budget Reconciliation Process but i strongly favor the engagement that the president has undertaken. We will see what happens. Neil senator, maybe the tone and the approach to the Infrastructure Proposal, whatever it is has changed in light of the Ransom Ware and attacks on jbs, Colonial Pipeline and the Mca And Part of the package, Increase Part of it should include not only Grid Protections but hacking protections. Do you think this past week of the incidents has changed where these Infrastructure Talks go now . Senator i dont think theres any questions that the attacks, the cyberattacks are Ransom Ware attacks heightened the attention, should heightened the attention of any policymaker. We have to do a lot more not only to prevent but thats a whole other body of work that we have to do to try to prevent them but hold actors accountable and pursue the criminal really the terrorists, we have to pursue them and hold them to account. Thats going to require work throughout the government not just the Justice Department but the state department, the Defense Department and both parties in congress. So theres no question we should use this major opportunity we have on infrastructure to make real strides on cyber defense and really the significant effort that folks want to take as we engage with the privatesector companies to give them the fortifications they need to present this. Neil senator casey, great to see you again. Its going to be beautiful, if you deal with the heat, youll be fine. Senator casey, Thank You very much. A million dollars, A Million Dollars, all the groceries you can possibly buy for a year, which would win you over to get a Vaccination Shot . For me its simple. Groceries because i would spend far more than A Million Dollars to make that happen but thats just me. In business, its never just another day. Its the big sale, or the big presentation. The day where everything goes right. Or the one where nothing does. With Comcast Business you get the network that can deliver Gig Speeds to the most businesses and advanced cybersecurity to protect every device on it all backed by a dedicated team, 24 7. Every day in business is a big day. Well keep you ready for whats next. Comcast business powering possibilities. When we reach this goal of getting 70 of americans vaccinated, we will unlock the biggest Beer Giveaway in our history and we are going to buy america a round of beer. Neil now, what is a round of beer . When i had the, you know, ranking official busch i was trying to push that point and many companies are offering incentives to get your vague nation shot. How many people there are, i said lets add A Thousand to my closest friends, are you going to give me A Thousand beers and he didnt really answer the Question And Tune of year of free groceries, otherring are e looking at million dollars of groceries. The idea of incentivized to get your shot works if you havent gotten your shot yet. So i always wonder what the next pandemic, should you think twice about rushing to get that vaccine, you probably should not do that and think that way but rewards going for those who were late or smell might be. John Hopkins University professor. Doctor, good seeing you. Doctor good morning. Neil i understand its a way to push people to get their shots and i get that but i wonder if some are harboring you, especially those vaccinated, wow, i get nothing, i did everything i was told to do and i get nothing. Doctor i think its embarrassing on the global stage. We are Spending Amount of money trying to convince those unvaccinate today get it. If we look at california, 111 Million just to try to coax those who didnt get it. I think it shows excess of wealth in the united states and i dont think we look good internationally. Neil you talk about those not vaccinated. 70 of the population would have been vaccinated. That means 30 will not and they might never, is that a worry for you . Doctor you know, those who choose not to get vaccinated are putting themselves at risk. I dont think we need to worry about the Community Risk right now among those who are unvaccinated. People come in and dont take precautions and dont have the vaccine, basically putting themselves at risk. Thats the context. Again, the biden health officials are still not talking at all about natural immunity which is half of the unvaccinated and not evenly distributed because the type of person who did not get the vaccine, also the type of person who may have rushed out there and not taken precautions early on and gotten the infection. Neil im just wondering where all of this goes. Dr. Fauci, if you lead aside the debate over emails and when he knew and how he was affected by this talk about how the whole virus started, i was more interested, doctor, in what he was talking about, progress of to individual now and concerns in the fall of a reemergence or a new wave of the virus, are you . Doctor look, i think we always need to be concerned. People need to be to get the good news that is present right now. They are correct. You saw the numbers yesterday, neil, they were incredible. 7,000 cases in the united states down from about over a quarter million and most are asymptomatic. Most are testing positive because of Screening Requirement and they have no illness at all. We are doing incredibly well, about 150th, the number of cases of seasonal flu in the middle of a mild Flu Season so i think people need to level with the public that we will see casesling near the hundred or couple thousand all summer and maybe for the rest of the year and we will see a small plump in the fall because theres pockets of unvaccinated folks as we would see like the Flu Season. Neil 500 last week in indianapolis, had 130, 150,000 there. Lets say a third of them had not been vaccinated. They could they could give it to others who have not been vaccinated. Im only looking at that and the context, Baseball Stadiums and packed basketball, you know, events for the playoffs. Its inevitable that we will see a spike. I guess to your point im asking how how much of one . Doctor i dont think we will see spikes. I think we will see rolling increases and, yes, we are going to see some superspreader events although i hesitate to use the Term Supper because they are going to be in younger people who tend to be healthier and often asymptomatic and we will see increases and even outbreaks in Day Care centers and in schools in the fall because those are large group of unvaccinated folks and we have seen those in the past with influenza and schools have closed in the past for a week or two due to influenza outbreaks. We are going to see that and we shouldnt be shocked when we do see that. Neil dr. Marty makary, great to see you, the price we pay. Its getting a great deal of Buzz And Factor on all of that, trying to keep us calm. In the meantime here, trying to keep us calm when we are flying but scary incidents are happening as the planes are getting packed right now including this one that really scared those on board when someone tried to storm the cockpit. Everything ended up okay but just another reminder, these are different times. Ucing colliders. Your favorite Candy Flavors twisted, chopped or layered into a dessert thats made to spoon. New colliders desserts. Find them near the refrigerated pudding. With this golo system, i feel that its designed actually for anybody. Find them near the you will lose the weight and you will be able to keep it off. Its amazing. announcer go to golo. Com to lose weight and get healthier. At novartis, our goal is to help keep cosentyx accessible and affordable. If youre taking cosentyx and your Insurance Or Coverage changes or you need help paying cosentyx connect is here to help. Dont use if youre allergic to cosentyx. Before starting, get checked for tuberculosis. An increased risk of infections and lowered ability to fight them may occur. Tell your doctor about an infection or symptoms, if your inflammatory Bowel Disease symptoms develop or worsen or if youve had a vaccine, or plan to. Serious allergic reactions may occur. Call us or visit us online. Were here for you. Neil all right, well, maybe you were among the crowds flying on record numbers, certainly over the Holiday Weekend and thats been building up here as we get out of this pandemic, but you know, its dicey up there sometimes. This incident where a passenger tried to get into the cockpit. He was held back by staff members. They landed without incident in New Mexico and then proceeded along but it got pretty scary. Then theres a report of another plane that overshot the runway, everyone was okay, but is this kind of stuff that maybe gives some pause about flying again. Lucas tomlinson with more out of washington, d. C. , hey, lucas. Lucas All In Calm in the nations capitol, Reagan Airport a few months in arlington, virginia, Frontier Airlines 538 from denver just landed and slid off at the end of runway one into a grassy area. Spokesperson for the airliner said 151 passengers and six Crew Members on board. There were no injuries. Passengers left aircraft using stairs and bussed to terminal around midnight. Investigation is underway. As you mentioned, neil, different kind of panic in skies out west when a passenger breached the cockpit of delta Airlines Flight 386 from Los Angeles To Nashville also on friday forcing a plane to make Emergency Landing in albuquerque, New Mexico. The cockpit was never breached. This comes as millions of americans return to the skies for Summer Vacations as the pandemic wanes and Vaccination Rates continue climbing. Ufos that have lawmakers like Senator Marco Rubio demanding answers and unclassified report to congress later this month and so far inconclusive and no evidence of air spaceships. Neil so above some of the incidents you see happening on planes but scary stuff, nonetheless. Former Nasa Astronaut is with us. Tom, good to have you because now we are looking at expanding Space Missions this time, just like some of our more spectacular inventions to mars has been unmanned. We are told that in the case of venus, for example, india, japan can follow us. What do you make of unmanned missions . In the last lander from the russians was in 1985. A lot of unanswered questions from venus. We ignored our twin planet because its a harsh environment to operate in. If you put a spacecraft in the service its going to get cooked in an hour or crushed by the immense pressure of the atmosphere, 92 times of Earths Surface Pressure here. Its a tough place to go visit but theres a lot of questions unanswered why the planet went off the rails and become a hell House, run away greenHouse, if you will, and why is it different or like earth in terms of its composition and why did we have divergent paths in its nearest neighbor. Neil part of curiosity that it might provide key lessons that turned oceans we are told into Boiling Ones if they exist at all anymore, what do you think . One of the biggest questions. Earth got a lot of water when it was formed out of the solar nebula. Venus should have gotten a similar complement, maybe little bit less because its closer to The Sun but if it did have oceans in the past and boiled away, can we prove that and one of the probes will parachute in the atmosphere and look for the leftover gases in the atmosphere that might be the clues, the fingerprint of an ancient ocean and the other probe will take radar in images to have planet and detailed map, you might be able to see Shoreline Or Ocean beach terraces from millions years ago. Get some good clues about the early divergence of paths for Earth And Venus this way. Neil we always talk back and forth and life in other worlds and the ufos incidents that the military is releasing, im just wondering your thoughts on that and and whether you believe they are out there, whether they are out and now visiting earth . So big picture, i think, our milky Way Galaxy has 40 Billion earthlike planet so the odds of us being the only in Habitat Planet are pretty small. I think there are intelligence out there and i dont think they are important enough to warrant a visit by any civilization thats out there. Id like to see more evidence of these sightings of ufos ive not seen one in space or on the ground and so until i get some concrete pieces of these craft or machines or phenomena, you know, i really cant say that they are anything to worry about. What does worry, me, though, that they might be terrestrial, adversaries machines, drones or, other Military Equipment thats being tested and that we just dont have a handle on. I like to think that we have something in our Back Pocket here and its a u. S. Machine thats being tested and just most people arent read in on it just like we have Secretary Craft programs in the last decades. Neil whatever the images im sorry, tom, whatever the images are, looked like Unidentified Flying Objects might be earthmade objects but maybe not from us but from other countries. That could be scary too if some of them have the technology that we do not and all the implications of that, does that concern you . Well, we should be properly concerned and make sure that we can eliminate that there are an advisorys craft as answer to the question. There are sightings that cant explain. These are real things that people have seen. Some of them are cases of mistaken identity, airliner or a planet shimmering in the atmosphere, but we should make that she shall we can rule out that they are flown by chinese or russian controllers somewhere. I would like to think that when i was in the Air Force flying by 52s, i didnt know of classified programs that the Air Force was operating. If i spotted one of those i would have explained other than saying it was a u ufo. Neil i was reading from i dont remember the exact Number But China spending on space efforts, all the other nations are included combined, does that concern you in any level . Im concerned that china is making rapid advances in space to show technological to show its the leader in technology. I think the chinese are behind us. Weve landed rovers on venus, spacecraft since 1976 and they are just getting their first one down. They have a lot of ground to make up and i think we should keep our technological lead by taking on challenging tasks like visiting the surface of venus or putting a search for life on the Jupiter Moon Europa and putting people back on the moon so we are well ahead of friendly adversaries and human space exploration. Neil all right. As long as they stay friendly adversaries. Tom jones, good seeing you, my friend. Thank you. Neil we will be focusing on that and also bitcoin. May be volatile investment then how do you explain this. The huge crowds in miami for Crypto Currency conference. Our Susan Li is there and shes next. With hasslefree claims, he got paid before his neighbor even got started. Because doing right by our members, thats whats right. Usaa. What youre made of, were made for. Usaa sometimes you wanna go where everybody knows your name and theyre always glad you came you wanna be where you can see ahah our troubles are all the same ahah you wanna be where everybody knows your name you wanna go where people know welcome back, america. It sure is good to see you. Neil you know you made it as a force, force of nature, not the force of just money when you can get Tens Of Thousands to gather at a conference and that is exactly what we are seeing tat worlds largest Crypto Currency conference. Not just about bitcoin but the whole technology, Crypto Currency technology. Susan li is there in miami. Theyve got some huge crowds, susan. Susan oh, yeah, its already morning here. Day two of the event and the largest ever crypto Currencies Event being held in miami is a hot ticket. Here is a look at the main stage. Crowds packed in. I will walk out and show you the Concession Area and line braving Miami Heat and to listen investors, billionaires and their celebrity that is want to talk about enthusiasm and their Interest Investing in new technologies and new space of crypto and new investment. We caught up with some of them. Here is what they had to say. You know, crypto is the future and i really want to put a lot of my Energy And Life towards creating new systems. This is amazing. 60,000 people all here wanting to learn about Bitcoin And Crypto. I dont have a crystal ball. I will say that im a longterm believer in bitcoin. Crypto currency is the new wave, then be the best. Susan as you see here, we have a lot of concession stands, the crowds are around selling crypto exchange, services built on the new technology but the two concerns are regulation, when the government will step in to stop the party, however, some do welcome regulation because that says government will do jobs and crypto will go mainstream. The enthusiasm, i dont think its new Per Se because we know bitcoin is one of the best Performing Asset Classes in the past year. But the fact that you have different demographics, young, old, packed in want to go learn about bitcoin, want to go learn about bitcoin, neil, i think that shows that theres a Brandnew World in money and finance. Neil how does the crowd feel, susan on elon musk, they can love him or hate him. How are they talking and what are they saying about him . Susan thats very interesting because when i was coming here today i saw a paid advertisement that said elon musk, they will probably want him to stop tweeting about whether or not hes breaking up with bitcoin, however, theres still a lot people like him. They see him as an idle of sorts, icon that understands the future at crypto, bitcoin as far as their bo. Neil got it. Susan never takes the day off. Susan, Thank You very much on that. Susan touched on it. The whole Bitcoin And Crypto currency ferver, whether you are into it or not but we should not ignore it because guess what, the chinese arent, after tmobile for business uses unconventional thinking to help you realize new possibilities. Like our new work from anywhere solutions, so your teams can collaborate almost anywhere. This. Thats tmobile for business. [narrator] imagine a shirt that actually makes you feel better, introducing tommie coppers shoulder centric support shirt, their biggest breakthrough yet. Advanced engineering promotes healthy Posture And Relief for achy shoulders and back. Visit tommiecopper. Com to see the entire line of wearable wellness compression. They have you covered from head to toe. Tommie supports my back and my life. [narrator] go to tommiecopper. Com right now and save 25 . Life hurts, feel better. Neil all right, a lot of people they look at bitcoin and the great progress of Crypto Currency saying, well, there might be a lot without nothing but got the next guest concerned here when he heard that the chinese were rapidly moving forward promoting first digital currency of their own that would work off their existing chinese currency and he said, you know what, we cannot risk falling behind on this. We have to counter with something on this. French hill is his name. Hes the republican arkansas congressman. Thank you, sir, for joining us. Congressman neil, great to be with you. Neil so your biggest concern is that we not see this Crypto Currency gain to the chinese, right . They are serious about it and we should be, is that the jest of it . Congressman two points. First the dollar has been at the center for transactions and thats benefited american consumers and Households and allowed America Grow to be the biggest economy in the world and thats being challenged by china, the worlds largest creditor. They would like in a number of years to replace the dollar but the chinese economy is the center of the economy and thats a communist government. Its and a developing democracy with the united states and the rule of law. The u. S. Must have a strategy for this future digital world both for Consumer Transactions and the use of a Block Chain but also how do we preserve that strength of the dollar through a strategy even in a digital Dollar Future . Neil that doesnt mean rally around bitcoin because im wondering given these crowds that are showing up, we are just indicating the conference in miami, the genie might be out of the bottle and hard to push back in the bottle as far as limiting or even preventing this this are taking hold, what do you think . Congressman well, i think we need a sovereign digital currency in the future to supply for Block Chain transactions that are coming as we move from an analog financial Services Industry to a digital financial Services Industry and that sovereign dollar backed by the united States Government just like the u. S. Currency today which facilitate transactions and diminish the need for a private Block Chain, Crypto Currency like bitcoin. It wouldnt take anything away from bitcoin but it would facilitate Global Trade and facilitate Domestic Trade using a sovereign digital dollar and Thats Something we need to plan for for the future. It would not be speculative. It would be part of the federal reserve and Treasurys Responsibility and thats why Jim Hynes of connecticut and i asked the treasury and the fed to move forward on this study and tell what you say we need to do and do a study on how as we have a digital world ahead of us, how do we maintain the premisey of the u. S. Dollar and our leadership and international monetary system. Neil real quick, sir, the russians are taking dollars out of sovereign portfolio, Tit For Tat for sanctions against them. The chinese going along with digital currency concerns. Given paper currency, our dollars as we know it, our days are numbered . Congressman no, its a long time coming. Weve worked very hard since World War ii to build an open freemarket World Economy thats lifted billions of people out of poverty based on our system, economic freedom and the u. S. Dollar. We want to keep it that way. What china, Iran And Russia are doing is they want dollar, strategies can lead to that and thats what the strategy will counter dedollarization. Neil Thank You, sir. All right, just echoing our big story of the last two hours. The move of the western powers to get a global minimum tax so you can run corporate america but you Cant Hide or so they hope. whod have thought theyd lead you back here where we need you back here where we need you yeah, we tease him a lot. Welcome back, america. It sure is good to see you. Doctor fauci under fire is a growing number of lawmakers accused him of brushing on the wuhan lively theory. As was recently released emails, ashley is hitting back calling their claims nonchalant welcome to Fox News live. This comes as separate emails obtained by Fox Show internal Power Struggle for two officials were at odds in january how to deal with

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