tv WSJ at Large With Gerry Baker FOX Business October 7, 2022 7:30pm-8:00pm EDT
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senate candidate blake masters and alaska senate candidate kelly, join us for exclusives sunday 10:00 a.m. live and start every weekday foxbusiness six to 9:00 a.m. mornings with maria on foxbusiness. that will do it for us this weekend, thank you for being there, have a great rest of the weekend and i'll see you next time. ♪ >> hello, this week on the "wall street journal" at large, trouble for the economy as job growth slowed in september president joe biden to push of oil prices. cleanup in florida with the president and ron desantis in a rare show of unity but can last?
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the years long probe into hundred biden can be imminent for what happens next and work with the repercussions be? elon musk make it his hands on twitter and bring outrage for those who may fear he might open up expression. how antidemocratic is that? karol markowicz flip the first, more disturbing news. friday they were different released jobs reports showing growth slowed as the economy called. a solid 262,000 positions, unemployment will 3.5% largely attributable to 57000 americans left the labor force. this followed news opec countries global partners plan to cut back on oil actions to
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push prices higher and raise revenue. oil prices have been falling giving leave at the pump prices will mainly between the economy stalling into recession. gas prices are rising and saturday the opec cutting proposed 2 million barrels a day means more pain for consumers. you recall oil prices the last few months joe biden quick to clean credit for the decline. >> i let the world to the largest release of oil reserves in history. i will work to make sure the price of oil comes down and prices the pump comes down as well. the good news is it's happening.
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>> gas prices are coming down. >> this week the white house peter doocy since he was responsible for falling prices also responsible for the rise. jean-pierre said it's obligated. >> the president is responsible for gas prices coming down. if he's responsible for gas prices going up? >> it's a lot more nuanced than that. there global challenges involved that with, pandemic and putin's war. the war has increased gas prices at the pump. >> sometimes it's the war and sometimes it's not. it's a slap in the face. alarmed for higher gas prices ahead of the midterm elections, he begs sallies not to cut output but it seems despite this
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from diplomacy result is best how the crown prince he once called pariah the president got nowhere. in desperation biden plans to scale back sanctions on the regime of nicholas maduro in venezuela to allow the country to pump more oil and retaliate against the saudi's. new signs inflation is high it may be trending higher. new york post columnist karol markowicz philip levine, thank you both for being here. the president begged the sau saudi's, his new best friends apparently not to restrict output but did it anyway. what does it say about biden's energy policy? >> a fist bump apparently is not
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a deal and doesn't mean much. even when indicators are good they don't feel good. i fill up my gas tank it was around $80. florida has a gas tax holiday so that helped but $80 to fill up, and i let it get to the light on, it's not that great. gas prices are double what they were when biden took office and it's important to remind people this is happening because we thought we could shut the economy often turned back on again and we couldn't and it's important to not make that mistake again it would help if people in charge would stop taking credit when things prove slightly and take seriously what happened to the average american person. this is a pivotal thing because it's where americans feel at the most and where the biden
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administration make changes but art. >> we have an administration apparently committed to eliminating fossil fuel production the president and gas prices rise they sallies to raise production and ignore him and going to venezuela in a great regime wants them to raise oil production, no consistency. america can be self-sufficient but we are going around the world asking regimes to help out instead. >> i think yogi bear's have his day job you again, we are concerned about stagflation. rising oil prices in a situation where you have unlimited immigration coming in at the time and here we are today and i feel we are trying to raise interest rates to bring this in for a soft landing but it's like
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a plane going to high. if you turn off the engines and nosedive, you crash land. the issue has to do with oil, the supply chain and what we need to do is not be drastic with measures but as the 1970s and president carter at the time said that a crisis of confidence and that's what people are feeling. >> it was striking president biden wanted relief at the pump, desperation suggesting they are worried about what will happen, do you think the economy will lead to a republican win? >> i think publicans should talk more about the economy. things are functioning well and republicans are not speaking about was hurting the american population. i think gas prices are a model for what's going wrong and it could be fixed but not in
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republicans should target that into midterms. they don't talk about it enough in the average american person is hurting and isn't the crisis of the treadmill or whatever jen psaki said. it's a number of things hurting the american population. >> joe biden and ron desantis working to help force post- storm recovery how long will this unity last? next. >> this is the united states die emphasize united. before the storm hit. ♪
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they were told to evacuate sooner. >> he never is a storm to pursue a political agenda? no elected official what ignore key issues like climate change. >> with federal relief money on the line in his local fortunes at eight is making nice with president biden for the new campus while trying to criticize the hurricane elsewhere. >> let's see what our panel makes of this. former florida elected official, how do you think he handled this is the media right to go after him? >> i think the media is wrong is the government doing the best job he can. and where hurricane land is not exact science.
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it was, we could fortify everything. rick and irma, rick scott governor at the time was in full communication with me and worked beautiful together. i don't see this as a political issue did anyone makes it political is going down the wrong road. how do we create sustainability and resilience in florida? these hurricanes will continue an insurance industry is reeling to the governor will need to figure out what we do to fortify insurance market so homeowners can rebuild and get reasonable insurance. >> i remember super storm sandy when chris christie of new jersey embraced then president barack obama the beach, it cost him politically, i don't see ron
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desantis much smarter than that and despite what the media says, he's handled it pretty well. >> i'm a new floridian him a watching governor desantis since hurricane recover, is a model of efficiency and we talk about chris christie, it wasn't just that he hugged barack obama that he got pushed back, he got into romance and bruce springsteen invited him to a show because he done so kind, way beyond just hugging. it's been nice to watch the president and governor have a normal relationship which is important and a weirder scarier aspect of this is it turns out media like cnn or matt dixon
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don't know how the economy wo works, they believe it biden personally handing out cash to florida. dixon called biden's wallet and he goes to the discussion of the economy that people don't know how it works and starts with media. >> philip, you seen ron desantis up close in a pool that showed him ahead of charlie crist for the governor's race by more than ten percentage points which in florida would be remarkable, do think desantis is the real thing and going places after his governorship? >> i think he is formidable and florida has gone blue to purple they be more towards red and he's picked up on it. we talk about the economy which
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is working but james said the economy is stupid but i don't agree. it's the culture war and whether you agree or not governor desantis has played it like a wonderful piano player and we may or may not agree but it will be strong for him going forward and robust for the economy when people say where you want to live?! live?! so i'm democratic, the first to criticize him but right now there's no criticism to give up. if there is, let's make our state more resilient.va >>nt amen. for years of hundred biden, for years of hundred biden, the president son may be charged with tax crimes. will he get off with a slap on the wrist? next. ♪
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big development in the hundred biden scandal. probing the president son and now believe there's evidence to charge him with tax crimes and false statements surrounded gun purchase according to a report by the washington post. he's been on the investigation since 2018 with his former business deals and now, does
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signal a movement in the case could affect the upcoming elections? how significant do you think this is? was don't know whether he will be charged but is it a big deal? >> it's tough to imagine hundred biden actually being held accountable. the agents say they have evidence but still yet to charge them we watched and become an artist, one of the most obvious ways to wander money and little coverage about that with his art career being an obvious scam. i try not to do this imagine if this was trump but if they were involved in a fraction of what hundred biden is up to, it be front page news all the time and would matter if there's an
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election coming up and nobody would consider implications of the election on donald trump to he should be held to the same standard we hold the trump kids and i would love to see that happen. >> does this understand is the president son, not the president himself? it may leak joe biden to this but doesn't rebound on the president? >> i don't think it affects the midterms. it's tough i imagine being a president son and you would say you must be rather than business but i don't think so. who knows where this goes but
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i'm confident attorney general do the right thing and treat hunter the same way they would have treated former president trump regarding what happened there as well so i think it's not a big issue coming up. going forward, who knows? >> karol markowicz, it raises the question of donald trump, questions on what they happen with him for the presidential records at morrow largo, how do you think this will play out politically? are both sides dealing with scandal? >> the only thing i've seen changed for trump with the raid is these more popular on the right and a lot of people who have written him off think he's treated unfairly and to have this rate on the former
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president looking for documents is stepping over the line. i think people thought at the time. i don't see it being a negative if they target him over documents because the national archives requested them, it seems a targeting of somebody they don't like politically. >> twitter bio saga continues, progressive meltdowns. next. ♪
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shouldn't be getting married? 's will not work out. >> that's the media unable to hold back doom and gloom over potential twitter takeover which was advances week. mourning the loss of free sp speech. one fretting over owned by anger triggered delina. the financial analyst field is page with crying means and joked hiring will look like jesus with open arms. anyway, let's see what our panel makes of this. it is astonishing have twitter,
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we can argue this but there's no question twitter has restricted all kinds of people they regard as disinformation, most obviously president trump and other people, too. then elon musk wants to take it over and will allow anybody out there. progressive's are in arms saying it's terrible and will allow disinformation and destroy freedom in the country, a strange state of affairs. >> i think there could be a better person for twitter. elon musk is a radical centrist like myself and will let all use on think about who he is. he be detroit in the card game with tesla and nasa in the space
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game and america express paying with paypal, who better to run this organization and open it up to the world? i think although he hesitated, it will be one of the greatest guilty desert ever done and twitter is so important to the world and he's the perfect person to own it for all sites. >> it's staggering to me like twitter's employees and think how terrible this is owned by a billionaire who will pose views, do the not look around the media and just bezos who want owns the washington post or facebook? they are imposing their ideas on the media, when somebody comes
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and says i'm going to let freedom ring and people say what they want it's like no, you can't do that. >> i agree with democrats rarely elon musk is perfectly positioned to on twitter and understand what makes it tick. i hope the deal happens. a lot of people have been excommunicated should be restored and donald trump isrdie obvious example but it started with babylon be satire site conducted twitter for gender misinformation and elon got so angry he said he'll like twitter and others have been kicked of
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