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president biden downplayed that balloon s significance in an interview this week saying the flight was, quote, not a major breach. let s bring in retired four-star general jack keane, chairman of the institute for the study of war and a fox news senior strategic analyst. general, good to see you. thanks for coming in. so do you think the administration did the right thing here shooting down this latest object so quickly after it had waited a long time to shoot down the balloon? no, yeah, absolutely. it s the right call. i mean, it s interesting what we don t know, as you indicated, we need a lot of answers. what s very revealing though and concerning is that this we did not pick this up before it entered u.s. air space which is very similar to the historical record we were able to put together after the spy balloon transversed the entire swath of united states. we went back and looked at what s the history of chinese fleet balloons, and we found several of them that h ....
it. the trump campaign saying it s holding near through nearly $53 million in donations in the first 24 hours after the historic guilty verdicts. the former president promising to appeal that verdict. the biden also fund raising off of it. no word on how much it has raised, but the current president is speak out about it, and we are all over it from what donors are saying to how voters are reacting. and we re all over president biden s son hunter preparing for, well, the first of his trials beginning monday, this one over felony gun charges in delaware. could hunter s legal mess actually overshadow donald trump s? and from the legal storms to the very real ones that are battering texas yet again. now several states across the plains and this start of hurricane season officially. so much going on. we start right now. neil: welcome, everybody, glad to have you, i m neil can cavuto. we ve got, obviously, the appeal on the part of donald j. trump. we re going to go to c ....
reporter: president biden is reportedly under a lot of pressure from democrats to showcase more empathy on the economy. neil. neil: madeleine, thank you very much for that. luke lloyd with me right now. love talking to lloyd because he never buys the consensus, to matter what it is. and you re challenging everything s hunky dory, right? you re not quite buying that. yeah. well, it s interesting the two worlds i live in, the world as a consumer with everybody else and then the investment world i live in, right? the consumer in me says who cares if inflation s at a .2%, .3% month month to over month, that doesn t impact me. my wallet s still hurting, right? the investment side, the stock market trades on all these different reports. so what s interesting, the stock market s a great predicter of election outcomes. there s something close in history, when the stock market has an intrayear draw down top to bottom of around 7%, the incumbent tends to win. when the stock market drops int ....
Would be a significant choke, not as big of a choke as it would be if we didn t see the outcome of iowa in an iowa caw caucus on tuesday, turn out like the polls of suggesting which is resounding victory for donald trump. right now the final iwan des moines register poll has donald trump at 48%. this has in the past been a fairly good predicter, not perfect, the polls have been off before, but to see rachel this number at 48, it was at 53, could be at 50, margin of error is 4%, so haley and desantis are kind of tied. she s pulled ahead. if this is the outcome, it will change the race heading into new hampshire and south carolina, no doubt. rachel: donald trump getting greedy. he a wants to break 50%. he s taken a swipe at vivek ramaswamy and i think he wants his voters to go, listen, a vote for vivek is a vote against trump and for the other two, nikki haley and ron desantis, so he s getting greedy, wants those ....
the single largest predicter of economic mobility for middle and low income americans is access to a car. is this administration really telling us that they are going to make economic mobility even harder for americans by raising the price of auto ownership. americans are feeling that pain at the pump this weekend as gas prices are up 15-cents, 10-cents in just the past week, 15 on the month. this as president biden considers cracking down on gas cars, even further, with more provisions for electric vehicle tax credits. fox business host sean duffy is in for maria today on sunday morning futures. he joins us now. sean, i think the take-away from that interview yesterday if you saw it is that this compounds down and really affects low ....