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so i m not worried about it. over the long-term, it will be okay. i don t want to look. bye, bye, bye, i guess. i feel bad for anyone that is 65. i have good financial advisers. i m sure they ll manage it. keep those things in mind. for someone like me, my time runs out 25 years from now. so more or less be patient. short term, you know, it s not great. long-term it s going to go up and down like it always does. it will be back eventually. we ve been burning long and hot for a long time. we ve been overdue for this. neil: so are we coming out of a rough patch or should investors brace for more? we have you covered. we always do with jackie deangelis on what could be a hot summer for investors. charlie gasparino on why elon musk might have it right and if a gas tax holiday will be the savior. welcome. i m neil cavuto. thanks very much for joining us. we had a busy world today. we have the latest from jackie deangelis on what s going on with the markets and the ....
g.o.p. still expected to take the house but a smaller margin the senate up for grabs. i have been wanting to do things outside of the government. the covid czar himself dr. anthony fauci moving up his retirement to this december. his legacy is presiding over the greatest debacle in public health history. action. judd strikes one tout right. forget that number 47 for aaron judd. and it s 2-0, yankees. oh, i want to dance with somebody i want to feel the heat of somebody it yeah, i want to dance with somebody will with somebody who lost me. steve: big dance today in a couple of states because they are having primaries. you are looking live at our nation s capitol, the seat of government. 71 degrees down there. high of 87. and as you can see clear as a bell. it s a beautiful day. we have selected that as the start-off picture for this tuesday, august 23rd, 2022, because katie pavlich is in the thousand. she is on the couch today. katie: i m here. stev ....
Transition all through the entire auto industry. enormous shakeup. look, modern electric vehicle is a computer on wheels. so you need a different kind of worker and a different structured company to produce that computer on wheels. and that s what ford is doing. katie: you bring up that word transition. that s a word we have heard from the biden administration that comes from them trying to force the private sector on to their green energy agenda. how familiar of this is healthy competition in the free marketplace between car companies trying to compete after tesla and to reach their market share and how much is it kind of like forced of compliance by the federal government under these new policies coming. you are right. it s a mixture of both. really good private industry competition to get this new product going. but they are being forced into it by government mandates. that s a different kettle of fish entirely. they are trying to push us all toward electric vehicles and insisti ....
Listen. right now we don t see a recession. right now we re not in a recession right now. right now we re in a transition where we will we are going to go into a place of stable and steady growth and that will be that s going to be our goal. all right. word transition is the administration i preferred world to describe what is happening in the economy right now. over the weekend, the president reiterated a similar message in delaware and janet yellen said a recession is not imminent sunday morning as well. ask other folks and the response is different. at the qatar economic forum, elon musk said this. well, i think a recession is inevitable at some point. as to whether there is a recession near term, i think that is more likely than not. it s not a certainty. it appears more likely than not. and musk s actions mimic his ....