Skip to main content

tv   Cavuto Live  FOX News  April 27, 2024 7:00am-8:00am PDT

7:00 am
♪ carley: that is the sky ryan of san francisco. pete: got that one. will: calling phoenix chicago. carley: you remember that? will: we all remember that. pete: have a great saturday. carley: have a great saturday, everybody. ♪ ♪ >> right this if in front of us, guys. [bleep] violent tornado, guys,
7:01 am
violent tornado. david: unbelievable. catastrophic tornadoes tearing across the plains leaving dozens injured and many homes destroyed. 60 million americans still under severe weather threats across the nation. we're going to take you to hard-hit elkhorn, nebraska, in just a moment. and if to new york city where columbia university still is, quote, negotiating with indiana-israel protesters -- anti-israel protesters camped out on its lawn. we're going to talk to a democrat who says t time to break it up there and across the country. miss, with protests growing and legal battles brewing, these two candidates say they are ready to start debating, but will it ever happen? welcome, everyone. i'm david asman in for neil cavuto, this is "cavuto lye." more on that potential debate coming up -- cavuto live. first, to those disastrous tornadoes. fox weather's nicole value december is in elkhorn, nebraska, with the very latest.
7:02 am
>> reporter: good morning. just horrific images coming out of state of nebraska. but as i stand here, i can tell you, i can hear the alarms of homes taffe had tear windows and coors -- doors blown off going across for miles. helicopters flying over us trying to get a better image of the devastation on the ground, one that is hard to put into words as you take e a look at homes that have been flattened here behind me. this one built only a few months ago a. you're now looking at it e ripped to pieces. the roof, every single wall, not a wall standing at this point as you see the markings of first responders that they've finished up tear rescue efforts yesterday on what's left of these standing structures here. and it goes on for miles. home after home behind me devastatingingly destroyed. you'll take a look at back ins, the insides of the homes. even a car ime-mailed by pieces of -- impaled by pieces of wood. douglas county officials say
7:03 am
there's still a lot more to do and a lot more information they need to get on just how strong tornado was. but thankfully, no one's lost their life here. but the horror stories we're now hearing from neighbors as they return to their homes for the first time this morning as they ran for their lives watching that tornado touch down just miles away and tart barreling towards -- tart barreling towards their community. one family telling me they piled boo with their truck and ran for their lives trying to get out of here. thankfully, they're okay. but what we're watching now are those neighbors return to their homes and their friends and their families here with them to start picking up the pieces, sorting through what's left of their homes. for some, unfortunately, not much. but a sense of the beginning stages of the cleanup after such a disaster. we know there are other resources here to help those who now no longer have a place to go
7:04 am
that includes the american red cross and the salvation army a who, of course, are giving those families a place to sleep, a -- food, water and the resources they're going to need for the next several difficult days ahead. david? david: nicole, thank you very much for that report. and to our other top story this morning, columbia university officials continuing talks with protesters camped out on campus there as anti-israel demonstrations spread to other colleges across the united states with at least one university out west announcing the cancellation of its graduationer is ceremony. if president biden is taking heat for his lack of a firm response to those protests. of lucas tomlinson is at the white house with new more on this. >> reporter: david, it was a pretty quiet week from the president. the only time we heard him talk about the protests was when we fired the following question at the president when he was in the woods for an earth day event in virginia. >> reporter: do you condemn the anti-semitic protests on
7:05 am
college campuses in. >> i condemn the anti-semitic protests, that's why i've set up a program to deal with that. i also condemn those who don't understand what's going on with the palestinians. >> reporter: critics acruise the president of both -- accuse the president of both sides there, david. the president attended a fundraiser at michael doug can las' house just north of the city. we also heard prosecute president in that interview with howard stern biden said he would debate donald trump, perhaps an acknowledgment that he needs to do something to catch his former opponent, and current opponent point who's leading in several battleground states. a new gallup poll says biden's in a tough position, historically gallup says with about a six months remaining before election day, biden stands in a weaker position than any prior incumbent. here's congresswoman nancy mace on those protests. >> anti-semitism should not be funded with american tax
7:06 am
dollars. this isn't about the kind of environment that's healthy for students, and if out means that we pull federal funding so we're not funding anti-semitism on campuses, so be it. >> reporter: now, we have not heard from columbia university's most famous living graduate, that would be with former president barack obamaing david. -- barack obama, david. david: kathy manning visited the columbia campus this week, and she joins me now. congresswoman, thank you very much for coming in. one of your colleagues, ilhan omar, whose daughter goes to columbia and she visited as well, had some harsh words for the visit of speaker johnson. i want to get that and -- play that and get your reaction. roll tape. >> it is not surprising that he would go out to columbia university and stir up really more anger and hate and end danger the lives of -- endanger the lives of young people who are at the encampment at columbia university.
7:07 am
da david so i know you visited columbia as well. what do you think of her saying speaker johnson's visit actually stirred up for hate and anger and endangered people's lives? if. >> i think what speaker johnson did in standing up against anti-semitism was appropriate. i was on the campus with three of my colleagues last monday, and we spoke with jewish students who are experiencing incredible hostility. they feel isolated. they just were told that they could attend class on line if they were afraid of going onto campus because of the protests. that is deeply problematic, and i think that more needs to be done to make sure that all students can get the education that they came to columbia for in person without discrimination, without a hostile environment and standing up with, for who they are as a j jews. david: what should be done specifically? is there some cupid of federal action that a you're -- kind of
7:08 am
federal action that you're calling for? >> i have a bill that the i introduced, it is a bipartisan bill. i introduced it with the same number of republicans and democrats. it would address anti-semitism broadly on college campuses, k-12 the schools, online. it would appoint a national coordinator to make sure all the agencies are doing what they need to do to stop anti-semitism, and it would a appoint a special official that reports to the secretary of education in the department of education to monitor and and analyze anti-semitism and take action. david: now,, i just have to ask you another question about ilhan omar because she was meeting with students, some of whom were known or seen on tape as not just being pro-palestinian, anti-israel, but going beyond to effectively say that the they supported some of the terrorists that are working to destroy israel. do you come out solidly against that movement? >> it is shocking to me that
7:09 am
columbia would allow a student to remain on campus who who has posted video saying that zionists do not deserve to live and threatening, if he is confronted, to kill zionists -- david: she met with that very student. maybe she didn't know who he was, but clearly she understood with what some of these students were saying. >> i i think what a we're seeing on that campus is a lack of education. when you see banners that say final solution, intifada revolution, anyone who doesn't understand what final solution ap means to jews, the final solution was what hitler carried out with his slaughter of 6 million jews in the second world war. and the intifada was a time in israel where palestinian suicide bombers were blowing up city buses and restaurants and family weddings. those kinds of statements are
7:10 am
deeply offensive to jewish students, and the students if that encampment need to be educated about what they are saying and the impact it hasp on others. david: by the way, don't you think the ilhan omar needs to be educated about the movement that she seems to be supporting? >> i am not going to comment on what her education is. i would love to have a conversation with her about why what's happening on that campus includes things that are so deeply anti-semitic. and, by the way, anti-semitism, what starts with hatred of jews never ends that way. this will eat at the fundamental foundations of our democracy. that's why we should all be worried about it. david: congresswoman, thank you so much for being here. really appreciate your remarks. thanks a lot. well, these massive protests are on the backdrop of potential education calculation in the middle east -- escalation. former secretary of state mike pompeo joins me now on that mounting tension at home and whether it is connected in any way to what's going on abroad. secretary, thank you so much for coming in.
7:11 am
as a former cia chief, by the way, you still stay in touch, i'm sure, with a lot of these, the intel that's coming out of the middle east. do you see any connection between what is happening here and perhaps the influence from some bad players abroad? >> david, good morning, it's great to be with you. i think they're connected in one sense, that's what a these young people on our campuses assert they're protesting against, but it's an enormous amount of ignorance. there hasn't been an israeli in gaza since 2006 until october 8th when israel was attacked and 1,000 the of its people were slaughter ed bar barely by the very palestinians that these progressive, left-wing activists on these college campuses are protesting on behalf of. as this continues, we shouldn't forget, it's been out of the news because these campuses have been so active, but the israelis are going to finish the mission. they're going to keep their nation secure and properly so. we should support them. my biggest disappointment, frankly, hasn't been the
7:12 am
weakness on the campuses. the democratic party's always been in the pocket of big leftists on campuses since the 'of 0s, but the fact they've not supported israel's fundamental right the keep its people safe. and as this on the e continues, there will undoubtedly be inadd a very tent civilian deaths. -- inadd a very e tent. david: i do can -- ask about the connection because clearly there's some organization going on here. all the tents, i don't think it's coincidental, they're all the same all over the country. you see the same kind of signs being written. i'm just wondering who, what you think is behind all that. >> there is no doubt that this is highly coordinated at senior levels all across the united states of america. i'm sure it's people who were former government officials. i am confident it's nonprofit organizations, david. you'll remember the summer when b with lm all of a sudden sprouted up in a dozen citieses across america just randomly
7:13 am
operating from the same script and maybook. this is highly coordinated. -- playbook. the source of the money is a bit obscured, but make no mistake about it, we've had anti'em tucker left-wing organizations in the united states for a long time, and they are using what's taking place in the middle east now because america lost deterrence in way that a gives them the capacity to raise money for themselves and stir trouble for america. david: well, to get back to the middle east, israel, of course, is a very astute observer of what's happening in the united states. they must have seen that the protests have reached such extremes that america's getting fed up with it. perhaps that would make them feel, give them the more leeway in terms of acting on their own behalf and going into of rafah and really taking out hamas. do you think that might happen after the end ofs passover next week? >> well, david, as for the political situation, i suppose this might unite more americans on the side of israel. i find that stunning -- [laughter] how any american could not be on
7:14 am
the side of a nation that's simply trying to protect its rightful homeland, the homeland of the jewish people. but it could be the case that there'll be more folks that think, gosh, that's not right, we'll stand with israel. i hope that's true. i am confident that israel's going to complete the task, and that will be the destruction of hamas' core infrastructure and its capacity to do what it did on october. th. -- 7th. but don't take our eye off the ball. the challenge from iran, the challenge from tehran was a long war. it was in the shadows, it's now out, and israel has a responsibility and the united states has a deep, or vested interest for the united states of america and our own security and our own people to make sure that israel has the ability and our gulf arab state friends and allies are supportive so that iran does not continue to be the world's ooh large arest state sponsor or trough. david: mike pompeo, thank you so much. >> thank you, sir. have a great weekend. a. david: you too. president biden trying to please both sides of these protests while former president donald
7:15 am
trump is condemning president biden. how all this place out on the campaign trail, coming next. plus, donald trump spending this week in new york city courtrooms to -- listening to the first three witnesses testify. andy mccarthy on what they've revealed and what we can expect when the criminal trial resumes on tuesday. that's coming up. and i'm ready for a rematch. here take a free shot go ahead knock yourself out. your about to get served. seriously? get allstate, save money, and be better protected from mayhem like me. they need their lawn back fast and you need scotts turf builder rapid grass. it grows grass 2 times faster than just seed alone. giving you a stronger lawn. smell that freedom, eh? get scotts turf builder rapid grass today, it's guaranteed. feed your lawn. feed it.
7:16 am
7:17 am
7:18 am
>> i condemn the anti-semitic protests. i also condemn those who don't understand what's going on with the palestinians. >>s this is tremendous hate. we have a man that can't talk about it because he doesn't understand what's going on with our country. david: president joe biden taking heat for the response to the radical anti-israel protests erupting across college campuses as former president donald trump makes it a key issue now in the 2024 race.
7:19 am
politico white house and washington reporter daniel lippman on how voters are responding. daniel, thanks for being here. >> thank you. david: it's just one of these i'm on both sides, this is not an issue -- or it may have been at one point, but how can you be on both sides of an issue when the radical protesters have gone so far in supporting hamas terrorists? >> yeah, it makes it hard for these protesters to get what they want which is to make sure that palestinians are treated humanely in gaza if anti-semitism is creeping into their protests. and so it gives people who don't have those views a bad name. and so what's interested in terms -- interesting in terms of the political angle is that trump is going to position himself as the law and order candidate if these protests continue, and he may very well be doing that with a few felony charges or convictions on his bio. so it's kind of an interesting
7:20 am
contrast. david: it is a contrast. but specifically on these protests, i mean, americans are just getting fed if up. we just got news that the university of southern california's canceling its graduation ceremony. i mean, that -- these ceremonies are say a cred particular particularly for the -- sacred particularly for the parents, many of them to who have spent their life savings sending their kids to school. this would be the crowning achievement, to see their kids graduate. they're not going to get that joy anymore. i know the president's trying to make sure that he doesn't displease the air a wrap voters in michigan, etc. -- arab voters, but he's got to be careful because i think most americans are pretty solidly against what's going on at these campuses. >> yeah. and i agree with you that these parents must be if outraged sometimes especially if jewish students where they don't feel safe on these college campuses. and for people who are graduating this year, remember, four years ago was covid. and so a lot of them were locked
7:21 am
down, they were not able to go to class, and so they start with covid lockdown and then they end with these protests. and so no wonder that there's a lot of students who are kind of questioning their role in society when you have all of these disruptions to their learning which is, you know, you're supposed to learn, not just be an activist in college. david: then ten we get to the issue of biden, it's not just on this issue that he hasn't been facing it straight on. a lot of issues, he's doing all these softball interviews with howardster -- stern etc. at some point, he did say he was going to engage in an actual debate with donald trump. i, a lot of people are wondering if that will ever happen, if he said that sort of off the cuff maybe without the approval of his minders. what do you think? do you think we actually will see a debate between trump and biden? >> i would be shocked if there wasn't at least one debate because one of the biden
7:22 am
campaign's top messages is trump he is going to be a dictator. and so it's hard to make that message. but at the same time say, hey, i don't want to participate many one of democracy's greatest features which is debates between the two candidates. and so i don't think he can square that circle. david: yeah. i think you're right. daniel, thank you very much for coming in. good to see you on a saturday. >> thank you. that. david: coming up, another top issue innocent in the 2024 race, the border. why new activity has voters awe across the country worrying even more. but first, the first three witnesses taking the stand in new york's case against donald trump. andy mccarthy on what the jury is learning in that criminal trial, that's next. ed my own st. and with the right help, i can make this place i love even better. earn up to 5% cash back on business essentials with the chase ink business cash card from chase for business.
7:23 am
lowe's knows new projects come with questions. so, we have answers. like how to keep your yard looking lush. which paint color matches your bold style. and with the mylowe's rewards credit card, you can save 5% every day. you got this. and we got you. can neuriva support your brain health? mary, janet, hey!! (thinking: eddie, no frasier, frank... frank?) fred! how are you?! fred... fuel up to 7 brain health indicators, including your memory. join the neuriva brain health challenge.
7:24 am
7:25 am
7:26 am
david: well, new york's criminal trial against donald trump is set to resume on tuesday after of the first three witnesses testified this week. c.b. cotton is outside trump tower following this case very closely. c.b. with, what's the latest? >> reporter: hi, david. well, friday was another day of witness testimony, and we watched as trump's defense team tried the paint this picture to the jury that trump was not a part of a scheme to protect his 2016 presidential campaign from bad press. now, again, the defense team tried to poke holes in the kid about of ex-media mogul david pecker. pecker, one of the the prosecution's key witnesses, wrapped up four days of testimony this week. pecker said his company paid $150,000 to silence former or playboy playmate karen mcdougal to keep her if saying she had an affair with trump, something trump denies. trump's longtime executive assistant also took the stand on
7:27 am
friday as the state tries to prove trump was behind another scheme, this one to silence adult film star stormy daniels who claim claims she also had a tex yule -- sexual encounter with trump. graph said she vaguely remembers seeing daniels at trump tower long before the 2016 election. trump has pleaded not guilty to 34 felony charges against him and cons to call this case politically motivated. if. >> and we sit here day after day after day, which is their plan, because they think they might be able to eke out an election, but i doubt it because the poll numbers are very good for us. >> reporter: when court resumes on tuesday, bank executive gary farrow will return to the stand. he is the state's third witness. he testified friday that he was the banker of trump's ex-lawyer, michael cohen, when cohen wired $130,000 in hush money to stormy daniels right before election
7:28 am
day. david, back to you. david c.b., thank you so much. to andy mccarthy now, former u.s. assistant attorney and a fox news contributor. andy, great to see you. >> morning, david. david: first of all, i want to the talk about the "national enquirer" publisher, pecker's story or stories that he was telling about what he did, the catch and kill and everything. was the jury ever told by the judge that that's not illegal, that politicians and personalities and celebrities do that sort of thing all the time? catch and kill, as bad as a it sounds -- [laughter] it's not illegal. >> no, they were not given an instruction during the testimony of pecker, but that is not -- that that is not illegal. and, in fact, david, when the state had opened, when matthew coangelo, one of the lead prosecutors in the case, gave new york's opening statement, alvin bragg's office's statement, they repeatedly called those payments illegal
7:29 am
payments. david: yes. >> so they didn't explain to the jury why they were illegal, what made them illegal, but they just flatly said they were illegal, and the judge is not stopping them from doing that that. tawf david that's horrible because, i mean, the jury's not expected to know law, and they don't know what's legal and what isn't. it's the job of the jurors, it's the job of the judge in the case to tell them what is legal and what is not, and if they don't know it, they're getting propaganda and not law. i do, you mentioned the opening statement of the prosecutor prosecution. and, by the way, this is the guy who came over from the doj -- >> that's right. david: -- from the president's doj. so he took a lesser job in order to pursue this. makes people wonder whether the white house is involved. but here was something else he said if his opening statement, it was election fraud pure and simple. we will never now, and -- know, and it doesn't matter if this conspiracy was the difference maker in a close election. he was talking about suppressing
7:30 am
the story in the national inquirer. now, the same exact thing could be said for watt biden folks were doing in 2020 before that election in trying to kill the hunter biden story, couldn't it? >> yeah, it absolutely could. in fact, david, at the same time, simultaneously, the same thing could be said for hillary clinton's campaign. they were putting out a bogus story that trump was an operate i have of the kremlin. operate i have of the kremlin. -- operative. and they did that under bogus campaign research that they said they did, opposition research. and then in the books of the campaign, they did what bragg is alleging trump falsely did, which is they characterized a payment that was for one thing as legal expenses. so this case could just as equally have been brought against hillary clinton. and in many ways, you could argue that it was a stronger case against hillary clinton because her campaign was actually fined by the federal
7:31 am
election commission for a fraudulent practice. both the swus disdepartment and the fec looked at trump on the same thing bragg is prosecuting here and decided it wasn't a campaign finance violation. david: yeah. >> so query, what is it that bragg is saying makes trump illegal that they're telling the jury were illegal. david: now, if the judge is not doing his job by telling the jury what is legal and what is not, will the defense for donald trump spell that out clearly in closing arguments or during the course of this trial? if and if so, by the way, is there enough evidence against what this judge is doing to the either declare a mistrial or perhaps win on an appeal? >> well, let's take those separately, right in if the judge is the one who's violating the law, the thought of getting a mistrial from the judge who's doing the violation --
7:32 am
[laughter] david: that's true. >> it's unlikely, right in and i think a lot of this is bad enough that this is going to have to be thrown out on appeal if trump gets convicted, but that'll be cold comfort. that'll be two years from now. so right now is the time that the jury has to be told what the law and what concerns me -- david: quickly. >> -- is even if the trump defense could straighten this out, we're talking six or eight weeks from now. dave david wow. >> and as this case going on day with by day, the jury is forming an impression. and it's going to be very difficult if the judge doesn't right now tell them, no, no, no, here's what the law is, then, you know, i don't see how that gets undone. david: it's hard not to call this a kangaroo trial from everything that's been going with on in there. andy mccarthy -- my opinion, not yours necessarily. thank you, andy. great to see you, as always, my friend if. >> thank thats, david. david: okay. coming up i, does it seem like
7:33 am
you're under pressure to overtip? a new survey revealing how much extra the americans feel guilted into tipping. and why the latest data on the economy and consumer prices has stagflation fears growing. are we heading back to the 1970s? that's next. w's my favorite cli? great! i started using schwab investing themes, so now i can easily invest in trends... like wearable tech. trends? all that research. sounds exhausting! nope. schwab's technology does the work. so if i spot an opportunity, in robotics or pets, i can buy those stocks ina few clicks. can't be that easy. it is with schwab! schwaaab! schwab investing themes. 40 customizable themes. up to 25 stocks in justa few clicks. your best days of the year start here, at kubota orange days. it's the year's biggest selection of kubota tractors, zero-turn mowers and utility vehicles, including the #1 selling compact tractor in the usa.
7:34 am
plus, the year's best deals, like 0% apr for 84 months, or up to $3,300 off select compact tractors. orange goes all day; sale's ending soon. visit your local dealer today. find your nearest dealer at kubotaorangedays.com ( ♪ ) i'm jonathan lawson, here to tell you about life insurance through the colonial penn program. if you're age 50 to 85 and looking to buy life insurance on a fixed budget, remember the three p's. what are the three p's? the three p's of life insurance on a fixed budget are price, price, and price. a price you can afford, a price that can't increase, and a price that fits your budget. i'm 54. what's my price? you can get coverage for $9.95 a month. i'm 65 and take medications. what's my price? also $9.95 a month. i just turned 80. what's my price? $9.95 a month for you too.
7:35 am
if you're age 50 to 85, call now about the #1 most popular whole life insurance plan available through the colonial penn program. options start at $9.95 a month. no medical exam, no health questions. your acceptance is guaranteed. and this plan has a guaranteed lifetime rate-lock, so your rate can never go up for any reason. so call now for free information, and you'll also get this free beneficiary planner. and it's yours free just for calling, so call now for free information.
7:36 am
david: stagflation or worries growing this week after the the fed's favorite inflation measure rose last month while the economy went in the other
7:37 am
direction, slowed down considerably the first quarter of the year. fox business' hillary vaughn breaking down down the numbers for us at the white house. hillary. >> reporter: david, the white house economic team's big takeaway from this week's economic news is that a stagflation is definitely not happening. >> is this the start of stagflation? >> no. when you look at incomes, incomes are growing faster than inflation. >> why isn't this start of stagflation, lower growth and inflation inching up in. >> yeah, not even close, in my view. when consumer spending and investment are rising at a 3% annualized rate in the first quarter, that is nothing like a stagflation scenario. >> reporter: so no stagflation, but not the rosiest economic picture for the president. janet yellen saying she thinks there could be revisions made to this report that make the economic picture look a little bit better. but some analysts say this sticky inflation is not going away because president biden has not stopped spending money that we don't have. and others worry e that
7:38 am
political pressure for fed chair jerome powell to cut rates could make inflation even worse. >> you're seeing that inflation rate escalate. you're seeing growth slow. that is textbook stagflation. they're talking about cutting rates instead of raising them? it makes absolutely no sense. they're doing it for political purposes. >> reporter: and there is some political pressure here in washington to get fed chair jerome powell to lower rate rates. one of those are senator elizabeth warren who has tried to pressure powell to lower rate, blaming him for high housing costs. david? david: all right, hillary, thank you very much. let's get the read on all of this from strategic wealth partners' investment strategist luke lloyd. good to see you. >> hey, david. david: economists and politicians will argue about this or that figure, but american know every day what's going on. they know when they go to the grocery store, they know it when they try to buy a house and most of them are now dissuaded because mortgage rates are up over 7% for a 30-year.
7:39 am
consumer prices, this is since president biden took office, 8.9, consumer prices. gas prices up 52.9. credit card debt's up. real hourly wages are down 2.5 -- that's after inflation's been factored in. 30-year mortgage, up 4.4 points, as i say, it's now over 7%. that's what's been happening since biden took over, and that's why people feel so bad. >> that's why all a these economists using terms like stagflation, you know, a majority of people don't care about that. what they do care about is absolutely what it means for them and their pocketbooks. and history, david, always repeats itself just in different versions. and i wasn't alive in the 1970s, david. i think you were maybe just a young boy or a young man -- [laughter] i'm concerned we're heading back to a repeat of a different variation of the 1970s era economy. specifically, i think we're in 197. 3 right now, right before inflation went from 3% back to 6% in 1974, before gdp went from
7:40 am
5% in '73 and went negative by '74, anden unemployment jumped 3% in one year from '73 to '74. this time, i think, actually could be worse in some ways. the federal reserve lowered rates in 1970s when they thought inflation was beat. our current federal e verve will not repeat that a same mistake and will keep interest rates high for a longer period of time can means middle class america will not be seeing lower rates for a long time, in my opinion, until we see job loss which means job loss will be the final cure to inflation a that the federal reserve wants to see. and what happens last week brings a hard landing back into the conversation -- david: but, you know, i would argue and a lot of economists do, in particular those working for donald trump and those who worked for ronald reagan that a you don't need job losses to cure inflation because under reagan you were able to lick inflation while you had tax cuts that increased job growth. so you can have a strong the economy and lick inflation at the same time if you have an
7:41 am
increase of supply; that is, if you're creating more goods and services because of tax cuts or regulatory cuts, etc. >> i agree with you for the long term, but the question you need to ask is, has the damage already been done. we've learned a lot in 2023 and so far in 2024 about how the federal reserve doesn't really work the way it was designed because we've learned even at these higher rates the government will continue to spend more money. they're not actually spend money, spend more money. $1 trillion in debt every 100 days. corporations and consumers will continue to borrow more money. just as milton friedman if said, inflation is always a monetary phenomenon, meaning the printing of too much money, and we are in this democratic doom loop where democrats have -- all you need to do is look at a california, i think, to get a gauge of the path we're heading down this doom loop. enrace in's running hot over there. california raised the minimum wage to try to adjust to inflation to $20 an hour, and
7:42 am
unemployment's now the high in california. so the solution to inflation that we're now pushing is more inflation. this is the doom loop which is, again, why the federal reserve needs to remain higher and maybe break something this time. david: well, one thing and, again, at the risk of being nerdish and, folks, trust me, stay with this, but it's not -- the reason that we have the influence nation -- inflation is deficit spending. it's not because of the trump tax cuts as president biden keeps saying, and we can prove it right now. we'll put up on the screen the amount of tax revenue that a that is come -- that that has come in since the trump tax cuts kicked in, and it's up, tax revenues are up 48% right now. 47.7%. since trump tax code went into effect. inflation and interest rate hikes are because of spending, not because of tax cuts. because the tax cuts actually brought in more revenue as the economy got churning. >> if that's exactly right. and that's why bidenomics,
7:43 am
inflationary pressures has only made the. rich:er, one of the reasons will be why you had the stock market 5 or 6% from the top over the last couple of weeks, but it's still at all-time highs. spending on the debt, ail all we've done is funnel money to the rich and wealthy when in general, as we've moan, free market capitalism since 1776 built america not the government, right? [laughter] it was the free market capitalism innovation, small business that was 50% of america where jobs came from that's now a lot lower because big corporations took a lot of that market share finish tea david but the bottom line is under the trump tax cuts the middle class grew stronger, and so did -- there was an old phrase from jfk who, of course, was a democrat. he said a rising tide lifts all boats, and that was happening until we got this dramatic spending increase from the biden administration, these trillion dollar spending programs. and that's really what's caused the problem. very quick wrap. go ahead. >> yeah. lower taxes, private market
7:44 am
enterprise. all higher taxes do is funnel more money to the government, and we all know the government's very bad at spending our money. we need corporations to create jobs, not the government. david: milton friedman used to say it's easy to spend ore people's money -- other people's money, and a lot of that has been going on. luke lloyd, good to see you. >> thanks, david. david: a new wave of migrants heading toward the u.s. border. heading toward the u.s. border. we're going to bo there live coming up next. use of your cred? here's great news. at newday we've been granted automatic authority by the va to make our own loan approval decisions. in fact, if you've had credit challenges and missed a payment along the way, you're more than five times more likely to get approved for the newday 100 va cash out loan. no one knows veterans like newday usa.
7:45 am
7:46 am
only purple's gel flex grid passes the raw egg test.
7:47 am
no other mattress cradles your body and simultaneously supports your spine. memory foam doesn't come close. get your best sleep guaranteed right now! save up to $400. visit purple.com or a store near you. david: president biden signing a $95 a billion congressional foreign aid package into law this week but still there was no funding in there for a stronger or border as new video shows another wave of migrants making their way toward the united states' border. dana ma if' mcnick if old is in el paso, texas, covering that and more. >> reporter: good morning, david. right behind me is new mexico. this is a very popular spot for
7:48 am
human smuggling, and officials there tell me that they're dealing with assaults on law enforcement officers, child abuse, criminal activity. and now that local d.a. is sending a clear message to the cartels that those criminals will be prosecuted. now, over the past couple of days we've seen groups of smugglers in these mountains right behind me who do get paid by migrants to guide them through the terrain to cross illegally in order to avoid law enforcement are. they even threw rocks at our fox news drone team as we tried to capture their process. if now, the county district attorney says this is a public safety matter. these are not immigration-related cateses that they're going to try but, rather, criminal acts that evolve out of the illegal immigration process. >> there is an active criminal element out there that is working every day to that a sill tate the equivalent of modern slavery, which is human smuggling, and making a profit
7:49 am
off of human beings. that, to me, is totally un-american. that is despicable, and that's what needs to be stopped. >> reporter: and one thing the u.s. migrants have been seen running through new mexico neighborhoods and even ending up until schools as they look for ways to evade u.s. border patrol agents. and earlier this month a middle school was put on lockdown twice in one week after migrants were found hiding on campus. we are monitoring movement from central mexico that could bring thousands the of migrants to the el paso sector. mexican journalists report that many of these migrants are bringing clubs and rocks determined to get past mexican authorities and into the u.s., and reports do indicate the texas national guard soldiers have non-lethal pepper ball ammo, if needed, to push back those violent migrants trying to sneak into the fort find areas. the texas military tells us that these capabilities are used to deter any violent activity or even human smuggling between the port ifs of entry, david.
7:50 am
david: okay, thank you for that. meanwhile, hitting the tipping point over being pressured to tip. a new survey revealing, excuse me, just how much americans are shelling out because of guilt. and president biden might if feed some tips for handling tonight's white house correspondents' dinner. what we can expect if his remarks as we faces pressures here and abroad. take your lawn back! with scotts turf builder triple action! it gets three jobs done at once - kills weeds. prevents crabgrass. and keeps it growing strong. download the my lawn app today for lawn care tips and customized plans. feed your lawn. feed it. with so many choices on booking.com there are so many tina feys i could be.
7:51 am
so i hired body doubles to help me out. splurgy tina loves a hotel near rodeo drive. oh tina! wild tina booked a farm stay to ride this horse. glenn close?! with millions of possibilities you can book whoever you want to be. that's my line! booking.com booking.yeah ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing. across all your benefits and savings options. so you can feel confident in your financial choices. they really know how to put two and two together. voya, well planned, well invested, well protected.
7:52 am
7:53 am
david: americans say they are at the tipping point with guilt tipping. a new survey found the average person tips $4 a 53 -- 453 more a year than they want to with over half saying they regularly feel pressured to do so for from things like the watchful eyes of a server or tip suggestions on a
7:54 am
tapless are. is all -- tablet. comedienne allie green joins me now. are you a guilt tipper? >> yeah, absolutely. david: you are? >> whenever it presents yourself, you feel hike you have tide -- to do it because they're looking over your shoulder and watching you pick the options which are no longer small. it starts at 20, 25, 30%. i mean, it's getting out of control. david: well, or it's not just looking over your shoulder, we have a little takeout place downstairs, and when you put your card in you use your card or, you put your card in to pay, they're looking right in your eyes. [laughter] there's a direct confrontation there. i mean -- >> oh, they're judging. david: yeah. yeah. but, i mean, it shouldn't get to you. i think facility is one of the worst emotions -- guilt is one of the worst emotions around, and i try to avoid it. but you can't help it a little bit, right? >> right. and that's the thing. if hay just give you the option, you feel ashamed if you don't
7:55 am
take it. we should tell people if they like our segment, feel prix to tip afterwards because that's all you have to do, essentialing hi. just give them the option, and you feel bad. david: there is another option, and has to use cash. because when you use cash, you know, they have to just fete the cash out the change, and before they know it, you're gone. you don't have that second or fife seconds or even ten seconds to kind of have the staredown with them. >> that's true, but then there's another trick because it's not just the tipping that's out of control, it's now all this round up for whatever cause. you know, they're always do you want to give a dollar, do you want to round up for safing children from burning buildings. i mean, it's crazy, what their trying to ask you for at this point. so no matter what, you can't get out with just paying whatever your cost is. you're tipping, you're saving can kids, you're doing something. david: but those other charities, i do feel quite comfortable, i say, no, no, that's objection. i take care of that myself.
7:56 am
it's the direct i want your money that's the problem. [laughter] and we didn't used to have that. i mean, part of it came out of the pandemic e, i think, because of the fact that people didn't go out much, and service just never caught up with the e cover from the pandemic. finish. >> yeah. and i think that we really appreciated the essential workers that were out there. so we wanted to hoe the appreciation by tipping -- show the appreciation by tipping. but here's the thing, tipping is like taxes. once it starts, it never goes away. it'll only go up. it's not going to disattire peer. so -- disappear. it's things we never expected. it's, like, you know, i feel at the ob/gyn i'm going to have to leave a tip at some point. it's just everywhere. [laughter] david: it really is. >> completely. david: stick with cash. that'll solve at least part of the problems. we'll -- you'll be able to get away from that direct eye conversation when you're using the card. other than that, you've got to have a spine. get a spine -- >> yeah.
7:57 am
david: just say, no, i'm not going to do it. allie, good to see you finish where are and hopefully, the people in line behind you rally along. davidtive ed yeah, might start a trend. thanks a lot more being here. have a great weekend. >> absolutely, you too. david: despite the gag order, donald trump is still talking about the trial. a live report from trump tower right here in new york. and we're also live on the ground where one of the dozens of twisters ripped through the midwest. officials there saying early warnings saved lives. uuu, this looks romantic. [bell sounds] welcome, i'm your host, jacob. hi. how was the weather getting up here? fine but, you know, i think we're, we're just going to go up to bed and— do you believe in ghosts? [whistling kettle sound] no? good! mother is buried in the yard. ...
7:58 am
try one that has no one but you. i'm jonathan lawson, here to tell you about life insurance through the colonial penn program. if you're age 50 to 85 and looking to buy life insurance on a fixed budget, remember the three p's. what are the three p's? the three p's of life insurance on a fixed budget are price, price, and price. a price you can afford, a price that can't increase, and a price that fits your budget. i'm 54. what's my price? you can get coverage for $9.95 a month. i'm 65 and take medications. what's my price? also $9.95 a month. i just turned 80. what's my price? $9.95 a month for you too. if you're age 50 to 85, call now about the #1 most popular whole life insurance plan available through the colonial penn program. options start at $9.95 a month.
7:59 am
no medical exam, no health questions. your acceptance is guaranteed. and this plan has a guaranteed lifetime rate-lock, so your rate can never go up for any reason. so call now for free information, and you'll also get this free beneficiary planner. and it's yours free just for calling, so call now for free information.
8:00 am
>> oh, my gosh! a huge tornado northeast of lincoln, nebraska. time is 2:54. right in f

0 Views

info Stream Only

Uploaded by TV Archive on