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tv   Your World With Neil Cavuto  FOX News  May 11, 2022 1:00pm-2:00pm PDT

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five." hopefully you'll tune in and join us there and back tomorrow at 3:00. "your world" starts in a couple seconds. see you later. >> those prices, they got to be fixed. it breaks people. we have to make a living. >> it's incredible rights now. we can't afford it. salaries staying the same. it's really hard. it's hard. >> people have to decide how they're going to distribute their income. more of it is going to transportation and food. what about rent? spend it on gasoline. >> gasoline has gone way up. food prices, too, have gone up. nothing is being done about it.
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>> it's going to kill the country, these prices. >> they have no choice but to fill up my gas tank and pay this money. there's no other choice. >> definitely too much. it has to change. hopefully soon. >> fair, unbalanced and angrier. welcome. i'm neil cavuto. this is "your world." a more expensive world. trying to find relief in the inflation report that we got out today wasn't as high as it was the past month. year over years it's in and out of 40 year highs. relentless pick up in prices that goes traumatically behind the 8.3% surge that we did see to growing concerns that everything we touch and buy is getting pricy and pricier by the hour, by the day, by the week, by the month amid signs right now that compounding all of this, a supply chain crisis that is likely to keep this extending for months. some fear the rest of the year
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to come. is that too soon too fast? we're on it. we're also on this vote going on in the united states senate right now to try to codify roe v. wade. the problem is the votes are not there. but the anger at some justices on the right is still there. we'll be talking to virginia governor glenn youngkin on his promise to work with federal and local law enforcement to ensure the safety of supreme court justices whose homes have indeed become the focus of protests and more. he's joining us later this hour. meantime, the story of this hour. prices you know so well and prices that aren't going down at all. the latest now from madison alworth in new york. >> hi, neil. inflation down slightly. but prices are still elevated. anyone that goes to the grocery
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store is seeing it. let's take a look at where inflation stands today where some of the necessities that you have to get on a weekly basis. meat is up 14%. take a look at eggs, 22%. milk up over 14%. you know, you talked about the supply chain. it's not just the items being more expensive. it's a matter of getting the items. take a look at the bacon. some of it is set further back. some of the shelves empty. styrofoam filling the place where bacon should be. this compounding a problem that we've seen since the start of the pandemic. prepandemic, we saw unavailable items from 7 to 10%. today empty shelves are 12% of any store. means people that are able to afford things that are more expensive like cars, for example, that's another big one with the cpi that came out today, 14% more expensive for new cars. up over 22% for used cars. even if someone is ready to buy them, they can't always get
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them. dealerships like lexus at route 10, used to have a 90-day supply of cars. between 300 and 400 cars. now they have a fraction of that. >> right now we're sitting with -- you're going to laugh when i tell you this, we have ten cars. ten cars in stock. customers are coming in, buying -- they're buying cars that are coming in not knowing when they will arrive. >> filling up that car now is also costing americans more than ever before. a record high set for gas prices with the national average at $4.40 today. this is afternoon yesterday we sat at a new high. more concern that gas prices will raise. all of this not only impacting the wallet but the scarcity impact is real. we haven't seen this since the
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70s. it's not just gas, but it's in the grocery store, appliances and cars. if you can get them, they all cost more. it's an inflation and scarcity punch that is affecting all types of americans from all different incomes. neil? >> all right, madison. i do remember, madison, that 70s experience. it was not fun. it was not fun at all. madison, thank you. let's go to hillary vaughn. she's following the president, what he said in illinois. a lot of democrats are trying to rally around him on this but not all of them. hillary, what is the latest. >> well, today the president did not directly point blame at putin or the pandemic for rising prices. instead, he compared inflation to a battle that americans are fighting here at home. >> right now america is fighting on two fronts. at home, its inflation and rising prices. abroad, it's helping ukrainians defend their democracy and feeding those that are left
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hungry around the world because russian atrocities exist. >> inflation is eating into every american's budget. but so far there's not been much appetite on capitol hill to find a bipartisan fix. some senate democrats admit that congress needs to step up and act fact. >> we've got to do some things on inflation. we have some bills to do that. i could toot my own horn. two of them are minute. >> proposals don't help americans today. what should the president do to give americans relief today? >> the president has done what he can. there needs to be investments on an energy bill. we haven't seen much action here in congress. >> republicans continue to say the root cause of this inflation is president biden's spending. senate eric scott yesterday told me he thinks the president
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should quit because he's not well-equipped to fix this problem. >> my favorite part in your report is following these guys. i'm sure the elevator door opens and oh, my gosh. can i get back in. they can't. you're there hillary vaughn on capitol hill. bob nardelli joins us right now, the former ceo of home depot, the former chrysler ceo. bob, as you said when we were last together, this isn't transitory. it's not going to be brief. right now the supply chain problems are getting more complicated. where is this going? >> hillary made the point when the president said there's two battles. one here in the united states on inflation and the other in the ukraine. i think, neil, the ukraine is probably winning right now as evidence in the 8.3% that we heard this morning, number 1.
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number 2, recent survey neil, 163 ceos. i see a lot of public ceos, private ceos. this is the the worst optimism in 40 years. they're looking at the complexity of what they have to deal with. it's not necessarily a demand issue. the administration keeps saying it's command problems. down and i both know, people say i'm going to try more because gas is only $4.40. truckers say i'll drive more because diesel is $5.50. we don't have people going out and having babies because they know it's not it's the formula problem. if you look at supply chain. i know you want to talk about that. if you look at a satellite view of the oceans, you can hardly see the water for the sake of container ships and tankers out there. this administration said they would work 24/7.
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they have not. you don't need a bill. what you need is action. you need action. you need to reverse what this president did on inaugural day and start pumping more oil. that will get prices down. a bill won't do it. you need to oh. >> neil: bob, the administration is saying they opened lands and permits and all that and the industry is not taking advantage, the back and forth on this defies imagination. leaving that aside, if the administration doesn't have a plan to deal with this and its relying on the federal reserve, judging from another market sell-off today, it seems to be investors way of saying this is dicey and this is going to get diceyer and we don't want to get in the way of this. i don't know if that is a sign of complete capitulation, but is it close? what do you think? >> i know people are talking about we plateaued. i don't believe that. they said even though we plateaued, it's going to be painful. i think we're going to see an
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increase in inflation. ideal with this every day with my companies and ceos. when they talk about a good first carter and that will carry us, how much of the increase of profitability was from price, how much was from margin and how much was volume? i don't think this is going to go away. i'm not an optimism. i'm not a pessimist. i'm a realist and then try to change it. you have to acknowledge the problems you have, this administration is not doing that. when he talked the other day about raising taxes on corporate america, that is what caused the offshoring that we lived through a couple decades ago. why do you want to punish the men or women that are running these companies that are employing millions of people that are suffering today? when i go on the factory floor, neil, they think we're in a
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recession already. already. based on food prices. what you reported at the top of your show? food prices, transportation, air travel. there's not a part of what we live off of that isn't being affected by inflation today. there is no solution being put on the table that will help remediate this in the short term. the feds, the history of not quite doing this right, neil. you've been around this as long as i have. the rate increase hand the bond sell-off is a very, very slippery slope that we're on to try to get the inflation down without driving it in to a full recession. we know technically that is two quarters. let's see what happens at the end of the second quarter, neil, relative to the technical explanation of a recessionversus what we're living. >> neil: we had a contraction in the first quarter. if we get another one, that is a definition of a recession. and that i guess you hope you're wrong on that, bob but you been
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pressing about a lot of this stuff. bob nardelli, the former home depot and chrysler ceo. the sell off was on broad today. too soon to say if investors are so depressed, so bummed out, so losing money in once high flying technology stocks that have lost better than a trillion dollars in value over the last four trading days that they give up and say the hell with it. we're not at that point. sometimes you can't make up the confluence of events. on the heels of this, we're getting word this weekend, there's going to be a super flower blood moon eclipse. it's true. it's when earth's shadow will cover the moon which has a red color, hence the blood moon nickname. we're told it has nothing to do with the stock market. these days, you just wonder. ♪♪ this is awesome for any type of plant, especially for a beginning gardener.
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>> neil: relentless and constant. that's how president zelensky sums up the latest airwaves of
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attacks in the donbas and throughout the country in what has become a whack-a-mole since. that's the russian forces, you never know where they're going to turn up. but the russian president says it's the ukrainian forces that are surprising them. trey yingst with more. trey? >> good afternoon. ukrainian forces said that they have launched a successful counter offensive around the city of kharkiv. reports indicate some russian troops were pushed back across the border in to their own territory as fighting continues. this is the second largest city and the territorial gains will give ukraine more flexibility. evidence is found of russian atrocities against the ukrainian people. >> these are our civilian citizens that tried to evacuate. unfortunately the children were shot with an automatic gun. one car was hit with a cannon. it was probably a tack or an
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infantry fighting vehicle. >> as conflict continues in the east, in ukraine southerner kherson region, civilians have been forcefully been taken to camps in russia and supplies are lacking. while the war rages on, ukraine is trying to pressure russia on the economic front. today they cut off rush natural gas supplies that go to european countries. this is the first time that the exports have been disrupted since the war began. where does this lead in the u.n. secretary general says piece talks don't appear to be on the table right now. neil? >> neil: thanks. to general petraeus, retired four-star general. very good having you. what to you think, general, is vladimir putin's end game here, to take and firmly lock down
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these regions and leave? >> he's ambitions are greater than that. he can't leave. the ukrainians are making their capabilities more evident all the time. as trey reporter, there's a counter offensive going on, the second largest city in all of ukraine. they have driven the forces as he noted of russia all the way across the border in some locations. that could threaten the logistical lines of communication that are supporting the offensive in the east. so that's a problem for russia. they're having to reposition forces there. what we're seeing is an end of the momentum that russia may have achieved in the south and the southeast. in the beginning of some momentum for ukrainian forces, as the enormous amount of weapons systems, ammunition and
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other supplies that are being felt on the ukrainian side. what the u.s. has provided is extraordinary. you are the u.k. and other nato nations. and there's a bill on capitol hill for almost $40 billion of additional assistance of all types including military as well. so there's a sense, i think that the ukrainians may actually be able to drive them back in places. so the idea that he would be able to consolidate his gains in the south and southeast and east i think is probably faulty. this is looking more and more like a quagmire for russian forces of putin's own making. >> neil: i wonder, too, general, what you make of the russian strategy it seems to hit cities that might be getting some of that aid. other port cities where you gets the sense that vladimir putin, no matter what western allies are willing and able and presentsly getting to ukraine
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will become difficult if not i'm pocket in the weeks ahead. >> it's a huge country. keep in mind this is a country the side of texas that had 13 million more people than the tax population. certainly he's going after critical infrastructure locations. he's trying to take out rail heads, supply depots, fuel storage and a variety of other capabilities that are very important to ukraine. having some success in that. but the ukrainians are amazingly resourceful. they're repairing damage about as quickly as it can be done. i think there's going to be a sense of shifting of momentum here in the weeks that lie ahead an this enormous amount of weaponry makes's way in. and the forces of putin that don't seem to have much in the way of reinforcements start to fatigue. >> neil: you think, general, the
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celebration of victory day in russia to herald that moment when they took down the nazis actually worked against vladimir putin and reminded russians, all right, what's going on in the ukraine is not that? >> well, certainly what it did is showed at the very least indecision by putin. he did not declare mobilization. he said we're going to continue with the special operation without providing any additional forces. so unless he in the weeks ahead does declare some kinds of mobilization, he's objectives, his ambitions greatly outstrip his capabilities. as the director of national intelligence yesterday noted, he would like to take the southern part of the country and caught ukraine off from the black sea entirely that is beyond his grasp. he can't get halfway to odesa. he will do damage with missiles and rockets and bombs, but very
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limited in terms of what he can do in terms of ground forces. again, there could be a rude a wakening here as the russian forces start to feel the brunt of -- again, 90 155 howitzers and 2,000 records of ammunition just from the united states alone that is an enormous amount of capability. >> neil: thanks, general. very good seeing you. >> thanks, neil. good to be with you. >> neil: back to politics back home and the trump bump. batting average is high even though a split verdict in two key races with crucial ones coming up after this. g. when you switch your home and auto policies to farmers, you could save yourself an average of seven hundred and thirty dollars. (customer) that's something. (burke) get a whole lot of something with farmers. ♪we are farmers.bum-pa-dum, bum-bum-bum-bum♪
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>> neil: virginia governor glenn youngkin is concerned about the safety of supreme court
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justices. he's coming up next. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance.
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>> neil: so much for enshrining roe v. wade. a big speed bump and a halt to the process moments ago in the united states senate. chad pergram has more. chad? >> good afternoon, neil. this was a procedural vote to start debate to codify row versus wade. you need 60 votes. they were well short. bob casey, the democratic senator from pennsylvania, he voted to proceed with debate here. he says he's not for ending roe because he doesn't want to overturn decades of precedent here. 49-51 in a 50/50 senate? joe manchin, the democrat from west virginia, he voted with the republicans on this. so that's why this did not cross that threshold. again, they needed 60 votes. so even if it was a 50/50 vote, you had vice president harris presiding over this. she can't vote in those
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circumstances because per the constitution, she can only vote to break a tie. they were well short of that. this was a show vote today getting everybody on the record on both sides for the mid-terms. neil? >> neil: thanks, chad pergram in washington. discussing the trump bump. he had a split verdict yesterday. but his batting percentage has been very high. i raise the issue be south carolina congresswoman nancy mace because he doesn't support her. former president trump is supporting your opponent. he wants to primary you. i'm just wondering what you make of that. >> well, we're looking very good in the polls. i'm excited. cautiously optimistic. i raised $4.5 million. my opponent has raised less than $300,000. >> neil: all right. so congresswoman mace is saying nothing critical of donald trump. she doesn't want to risk more of
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his wrath but she will survive this primary challenge from the candidate that trump has chosen to take her down. kelly mcgee white says this is a pattern among those not being supported by president trump, that they would rather not further inflame the situation. just hope that they survive the battle with the candidate he picked. what do you make of that? >> absolutely. that's because as we all know, trump does -- he has a massive influence over voters still. yesterday's race in nebraska and georgia and pennsylvania, the senate race, they're all symptoms that may be that influence is not as fool proof as we thought. obviously the candidate that he endorsed in nebraska did not end up winning that primary election. in georgia, looks like brian kemp will caught out on top. in pennsylvania, dr. oz who trump endorsed is not doing that much better than his rivals. so it's going to be really interesting to see whether
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trump's endorsements make that big of a difference in the end. >> neil: i just wonder for his gubernatorial candidate that was brought up on harassment charges might have doomed his candidacy regardless of what president trump pushed. in georgia, another race where david purdue is in the battle of his life against brian kemp. he trails by double digits. that might change in a couple weeks but it's a mighty climb. what do you make of that? >> in georgia it's particularly tough. voters have already rejected the candidate that trump endorsed last november. david purdue lost his senate race. so now he's trying to run for georgian and win back the voters that did not vote for him the last time. so he's coming automatic this from a disadvantage. again, it's really hard to determine how much of an influence trump's endorsement will have over that factor.
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>> neil: thanks very much. kaylee mcghee white from "the washington examiner." the georgia contest is one that everybody is watching. it's a ways still. keeping an eye on these protests outside some conservative justices' homes. why the virginia governor is now saying enough is enough. glenn youngkin is next. mptoms are stopping you in your tracks... choose stelara® from the start... and move toward relief after the first dose... with injections every two months. stelara® may increase your risk of infections, some serious, and cancer. before treatment, get tested for tb. tell your doctor if you have an infection, flu-like symptoms, sores, new skin growths, have had cancer, or if you need a vaccine. pres, a rare, potentially fatal brain condition, may be possible. some serious allergic reactions and lung inflammation can occur. feel unstoppable.
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>> neil: the protests outside some conservative justices homes in the washington d.c. area have prompted concern for the justices' safety but for those in the neighborhood as well. enter governor glenn youngkin with his counter part in maryland just wrote merrick garland to say he has a responsibility to stop this sort of thing.
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governor youngkin with us right now. i read your letter and the governor's letter, your colleague in maryland. you want 3m to take some action to enforce a law that is already on the books, right? >> yeah, this is clear. of course, this leak was done in order to influence and intimidate our justices. that's what these parades and picket lines are doing, intimidate our justices. it's on the federal books. that's punishable with up to a year in prison. therefore, governor hogan and i have asked the attorney general to do their job and enforce in law. this is just fundamentally wrong to have people showing up at the justices' homes and trying to intimidate them. we've taken a two-prong approach in virginia. the state police are at the ready to support local resources and federal resources. we have substantial resources ready to go. local police, i have asked them
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to create a perimeter around each of the justices homes with support from state police as needed. we asked attorney general garland to enforce the law. it's clearly in the federal statute that this is wrong and the attorney general needs to enforce it. >> neil: when you say it's wrong, there's a debate whether it's illegal. you've had argument from the administration and jen psaki saying this is peaceful protests. there's nothing illegal going on. >> the statute is incredibly clear. it basically says if you are parading or picketing in order to try to influence a judge, it's punishable with it to a year in prison. that sounds illegal to me. i just ask the attorney general to enforce the law on the books. if people want to demonstrate someplace off away from their
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home, that is their prerogative. again, this is not a final ruling. it's a draft ruling. clearly these demonstrations are being pulled together to try to influence the final outcome. that is prohibited based on federal statue. >> neil: got it. governor, you said at the outset of your remarks that you expect this was a liberal that released this. i'm assuming you're talking about a law clerk to a liberal justice. you think it could have involved a justice his or herself? >> i can't began to take any position on who did this, but it's clear that it was done in order to cause chaos and in order to try to influence and intimidate justices. exactly what these demonstrations with the picketing and the parading and cars going by, which is what has been organized we believe for tonight in front of the justices' homes is being done.
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again, this is wrong. we have justices that have children, they have neighbors and families. this is wrong based on federal statute and it should be stopped. >> neil: if the attorney general does nothing in response to your letter what do you plant to do? >> as i said earlier, we have asked the fairfax county police and the fairfax county board of supervisors to establish a perimeter, safely away from the justices' homes and trying to restrict access from cars and pedestrians that aren't supposed to be there. we stand ready with the state police. we have substantial resources ready to support all cases to make sure there's no violence and to support the fairfax county police when they ask us to come in. this is a moment where local resources, state resources and federal resources should be
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working in collaboration in order to keep our justices and their families safe. >> neil: if i could switch to another story where you made some news. you're for the suspending the gas tax in virginia. i believe for six months. where does that stand? >> well, there's a moment for common sense and also to get the run-away fuel costs down. this is a moment where common sense needs to prevail. we see gas prices in virginia, across the nation up over $4.20 earlier this week. there's more than enough funds in the virginia coffers. we have a billion dollars more in our common wealth transportation fund than we thought we would have. we can suspend the gas tax for three months and slowly bring it back to the end of the summer, heading into the fall and give virginians a break, this is a moment to let people get out of
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their homes and come out of covid. visit virginia. we can suspend this gas tax because it's not money that is needed in the system right now. >> neil: but it would be for a minimum of three months. would you extend it if gas prices remained high? what is the plan? >> well, the primary target is the summertime. we naturally see in crisis -- increases in gas prices during the summer when people want to get out. this is a great time for the months of the summer for us to suspend our gas tax, not charge it. this is a topic that has been supported by democrats all over the nation. here in virginia, we have partisan politics in the way. we can suspend this and take a real shot at the rising inflation that is causing so many virginiians challenges. we can suspend the gas tax, eliminate our grocery tax. we can declare the largest tax rebate in the history of
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virginia. we can go to work for our veterans and exclude up to $40,000 of their retirement being taxed. virginia is a higher cost state than it should be. we have more than enough money in the system. there's more than $14 billion more in the system than we thought. we can take $5 billion and provide tax relief and provide in mental health, education and law enforcements. bring the cost of living down and invest. we can get this done. >> neil: looking at politics. martha maccallum just had an interview with mike pence that sounds like he's considering running. i don't want to make the leap whether or not donald trump runs. you're getting a signal for other republicans would run, again, whether he runs or not. you've been mentioned with some of the big ways you've come in and surprised people with your win to become governor and the big changes that you made in the
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few months you've been governor to be entertaining white house ambitions yourself. would it make any difference to you if donald trump were running or not? >> let me begin by saying i'm always honored to be included in that great circle of people. i'm new at this job. i have a lot to get done. my focus this year is absolutely to get virginia moving but also to support our congressional candidates that will be running in virginia. a number of governors races around the country that i think republican governors can do a lot better job than their democrat predecessors. this is a great opportunity for us across the common wealth of virginia to show that republican leadership is the best way. what will happen in 2024? it's so far away. we have immediate problems we have to focus on. i look forward to doing a great job for virginiians and getting republicans elected this year. >> neil: barack obama wasn't a senator very long before he ran for the white house.
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are you saying time in office would decide whether you run for office? >> well, as i said, i am four months in. we've got a full plate in virginia. i have to tell you, the most important thing i'm focused open right now is getting a budget done. as i said, we have tax opportunities, we have investment opportunities in school and law enforcement and mental health, this is a chance in virginia for us to get moving. virginia should be the best state in america and we plan on having her there. we will have the best schools, the best jobs, the best law enforcement. a government that goes to work for virginiians as opposed to telling them what to do. and we're getting taxes down. i'm looking forward to delivering in virginia. 2022 is a year where republican values and leadership will be the differentiating factor in the future of our country. >> neil: that was brilliantly deflected, governor. thanks very much for that. we appreciate that. best of luck with everything.
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>> great. thanks for having me, neil. a pleasure to be with you. >> neil: governor glenn youngkin. the battle between disney and ron desantis, advantage governor desantis? after this. you know liberty mutual customizes your car insurance, so you only pay for what you need? oh, like how i customized this scarf? wow, first time? check out this backpack i made for marco. oh yeah? well, check out this tux. oh, nice. that'll go perfect with these. dude... those are so fire. [whines] only pay for what you need. ♪liberty. liberty. liberty. liberty.♪
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>> neil: all right. ron desantis might be cracking down on disney but so far disney is managing to survive this assault. at least the way the company sees it. out with earnings and sales that disappoint a little bit, but when it came to its disney + prescription service that was there and surprisingly there and the theme parks continue to beat estimates. revenues from all of the parks including disney world, disneyland, the ones abroad are doing very well to ashley webster on i guess the reverberations have not materialized over ron desantis' breakdown. >> also, what we saw in netflix and their subscriber numbers going over a cliff put a cold chill on disney as well to say how their subscription to disney + would fare. no problem.
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the stock moving higher in after hours because the number of subscribers beat the estimates by some 2.5 million better than expected. you hinted that both the revenue and earnings from the latest quarter for disney did come in a little less than expected. but disney parks, the theme parks, showed very strong performance coming in with 6.6 billion in revenue. that was double last year's performance. of course, that was hit by covid restrictions. i want to get into the battle, the on going battle between ron desantis and disney. we're told that governor desantis is going to be listening in on the earnings call, which is going on right now. the question is will disney's ceo actually talk about what is being going on between the company and governor desantis. the fact that they came out against an education bill and florida lawmakers have diluted
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disney's special district exemption, self-rule. there's been a victory for ron desantis of sorts. a federal judge in florida threw out a lawsuit from taxpayers that sued saying you can't do away with disney's special tax district because we, the taxpayers, will be on the hook for a lot of extra money that judge threw that out. advantage to desantis there. but we're told that desantis is willing to have constructive talks with disney. so maybe, neil, a little olive branch is being put out there. if disney accepts, maybe they will sort this out. yes, they missed on the big numbers but streaming is doing well and so are the parks. >> neil: a lot of this comes up with the conference call, the guidance, the one that the governor is in on. i'm curious about one thing. it's a sign right now that people still want to have fun. we're going to be exploring that in our final segment coming up
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here. disney is proof of that. it's pricey. >> it is. it's a mortgage these days, neil. despite all of the boycotts, boycotts never normally work. i'm not sure it is in this case with disney. >> neil: thanks, my friend. nothing dopey about that. see what i did there? nothing dopey? you taught me this, ashley, how to play on words. >> i'm sorry i did that. >> neil: the best i can do. thanks, ashley. ashley webster on all of that. speaking of having a good time regardless of the political controversies, it's a steady theme we're playing out here. stuff is going up, but apparently americans are willing to spend big time or trips, very good for airlines and hospitality, hotel stocks. they've been soaring. their business is bombing maybe with the exception of jet blue. all the major carriers are looking at record traffic,
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certainly going into this summer. and then we have reports that restaurants, pricey restaurants at that, usually the kind that ashley webster goes to, that they're booked solid. good luck getting a reservation. it's a trend that is the friend for the consumer because there's certain things that consumer won't skimp on. enter my next guest, gabe from travel zoo. we have susan li. she's a big spender and the crazy coupon lady. susan, i remember -- ribbed you there. some things people won't give up and trips and fun are two of them. >> i see you at the white tablecloth dining venues here in new york city. >> the olive garden? that was me. you're right. >> yeah, with the free garlic bread. i'm talking about the three-star michelin restaurants.
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new york city is really a great example as to the resilience in the consumer. you're paying 20% more for air fares. that's not stopping people to get their trips. also groceries. paying 10% more than last year. that is the highest pace since the 80s. same thing for rents. no longer are we looking nor the walkups. we want door men here in new york city. that's exactly what is happening across the rest of the country. the consumer regardless, they've been locked up two years and they want to get out there and spend. >> neil: i'll 11 that newark remark fly. gabe, what do you make of it? there's some things that people you talked to, maybe yourself, that look, you won't cheat yourself. >> that's the thing. we were projecting from the beginning of the year a jump in demand and jump in pricing. those expectations have been shattered.
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april, air fare up 19%. we expect another 10% jump by the time this month is up. travel is not a cost or an expense. it's an investment now. it's a prerogative for a lot of folks that haven't done it the last couple years. what is the pay-off on this investment? well-being, mental health. happiness. the price tag that we're willing to pay for that kind of a feeling, if you will, of that wellness perhaps that we haven't experienced in a couple years is definitely higher. we're prioritizing the expenses. we're not seeing cancellations to speak of across the travel industry. new bookings have didn't in the last few weeks. at the end of the day, people are ready to go and go big. >> neil: you're the crazy coupon lady but your savvy is finding a bargain and a buy. what amazes me the number of americans that are hunting for bargains. they're going to pay top dollar because they desperately after
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two years locked in their homes want to get out. >> yeah, just all about -- it's not about telling yourself no. it's about finding a way to afford things that you want. that's what we talk about all the time at the crazy coupon lady. let's take restaurants. we're tired of being home, tired of cooking every day. there's ways that you can save. instead of doing uber eats and door dash where you're paying for an extra convenience to have it delivered to your home, look for restaurants that offer kids eat free day. these vary by location. do a quick google search for kids eat free to find restaurants that offer that. lots of restaurants like applebee's, chili and denny's all offer kids eat free days. one of the biggest things that is costing us is the beridges. skip the drinks while you're eating out and opt for water. that will save you 20% on the cost --
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>> neil: let's got no nuts here. >> listen, i -- >> i hear what you're saying. susan, i used to be offended when people would give me the senior discount. now i say bring it on. my kids, i don't even invite them anymore. my wife and i say you look around and see what we have. i'm wondering if people -- this is something that they won't give up on. i suspect it will keep a floor to this slow down. i am serious about that. unlike the 70s experience, we're in a better position than then. >> definitely. because i feel like at least we had some savings, cash, during the last few years with the stimulus checks. i'll tell you this. i just love what the crazy coupon lady was saying. i'm not saying no to myself. i'm not denying myself after these two years. maybe i won't buy the $600 shoes but i'm still ordering the uber eats. that's the mentality of the
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consumer these days. >> neil: all right. gabe, that is what is going on, you kind of touch on something interesting there in the end of your last remarks. that it's slowing down a little bit. i don't want to put words in your mouths. the levels are not being sustained. what are you saying? >> yeah, the slow down is in new bookings as we head into the peak summer months. july and august. then another bump as we head to september and october. that could just be people becoming more flexible with their travel plans. so july, august trip becomes a september and october trip. that doesn't mean they're cancelling or avoiding travel. maybe they're finding more flexibility and relief in the pocketbook. there's still some areas of positive areas in the travel industry. last week united and alaska airlines engage in air fare wars. people were getting $99 fares to hawaii. cruises are a big deal. we're looking at ways to get
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there that are different but we're still going. >> neil: if any of you need olive garden coupons, i've got them. thanks very much. i want that in perspective. having lived through the 70s, the backdrop wasn't like that then. so with all the problems and all the selling, a little ♪ ♪ >> hello, everyone. i am judge jeanine pirro along with geraldo rivera, jesse watters, martha maccallum, and brian fell me. it is 5:00 in new york city, and this is "the five." the g.o.p. is heading back hard as president biden tries to blame the ultra maga crowd for his endless economic problems, scranton joe rolling up his sleeves to shovel his nonsense talking po


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