tv Your World With Neil Cavuto FOX News October 21, 2022 1:00pm-2:00pm PDT
upset by the bidens. they thought he should mind his own business. >> have to leave it there. thank you. have a great weekend. >> thank you. >> gillian: have a great weekend at home. this is "the story" of friday, october 21. martha will be back monday at 3:00 p.m. have a great weekend. a >> neil: so what do you think these guys know that the president does not? a growing list of business titans sounding the alarm of the economy and badden down the hatches because they say a recession is coming and could be a nasty one. this as the president continues to insist the economy is strong as hell. even as many worry it could be going to hell. we got you covered with jackie deangelis. alicia acuna on in colorado if voters are alarmed.
more on the student loan bailout and william shatner on some out of this world developments he said should have everyone alarmed. back from space and back with us. welcome, everybody. i'm neil cavuto. so glad to have you on a very busy news day. let's get right to it on those warnings with jackie deangelis. >> that's right. there's many people out there still arguing whether or not we're in a technical recision. the ceos of big banks and prominent business titans are forecasting economic trouble to come with the mid-terms 18 days away, this is top of mind for many voters out there. david solomon warned that there's a good chance that the u.s. economy falls in to recession. he also thinks there's more volatility on the horizon. he said it's time to be cautious. solomon explained that inflation is more embedded and growth is slower. so depreciation will be tougher and noting that policy decisions will have a forward impact.
ja jamie dimon said that investors should brace for a economic hurricane. he said the u.s. is likely headed for a recession by 2023. dimon cited steeper interest rates, run away inflation and the war in ukraine as his runs for the outlook. jeff bezos, amazon's founder, sounded the warning bells writing on twitter, the probabilities tell you to batten down the hatches. while elon musk warned tesla executives that he had a super bad feeling about the economy. the common threat here, neil, is that whether you're a bank ceo or a leading consumer business, there's going to be a downturn. how steep, how long it lasts is debatable at this point. these captains of industry have their fingers on the pulse of american businesses and consumers. they're also impacted directly by things like higher interest rates, worker shortages and higher commodity prices.
they're feeling the effects of policy first happened. neil? >> makes since. thanks, jackie. jackie told you how some of the high and mighty feel things are going. but wouldn't you know average folks are concerned about the exact same thing. inflation. run-away inflation at that. prices that know no bounds. a big topic of concern. in fact, the topic with the mid-terms 18 days away to alicia acuna in denver. alicia? >> hi, neil. colorado is no different than other parts of the country. inflation is the number 1 issue for voters here. driven in large part by the housing market. that's because the housing marked in colorado has been cooling at a faster clip than most other places in the country. let's take a broader look across the nation right now. a monmouth university poll found the top issue of adults salled to be led by inflation. no separation there, followed by elections and voting and crime. they also asked folks their preference as to which party
they want to control congress. republicans came in at 49%. democrats 45. that's encouraging news for candidates like colorado republican joe o'dae who is trying to unseat michael bennett. o'dae is a business man hammering his opponent on the economy. >> people are feeling it right now. they have lost 10% of their buying power over the course of the last year because we got democrats like michael bennett and joe biden that are just completely out of touch. $5 trillion in the market over 1 1/2 years. that has put a lots of pressure on people. >> here in colorado a gallon of milk cost $4.20. that's tough on people. one of the things i've been trying to explain to folks is that this is a global problem. >> bennett leads o'dea in polling and appeared with the president in joe biden's western state swing. not all candidates want photo
ops with the man with low approval numbers. >> why don't people want to be seen with you? >> what are you talking about? >> tim ryan in ohio doesn't want you there. raphael warnock wouldn't say. you think they're making a mistake? >> no. i'm going to be going to 16 states. >> yesterday we heard the president from the white house say that as he expects the economy will improve, so will the chances for his party in the mid-terms. that's a really big left to happen on a 18-daytimeline, neil. >> neil: did we find out who the 16 candidates that would want his appearance? >> no. a really good question. there's a lot of candidates out there and michael bennett was one of them for a while that wouldn't answer the question as to whether or not they wanted to appear with the president. so getting a solid answer on that question is quite elusive.
>> thanks, alicia. so what is the fallout with that with that election so close 18 days away? darren shaw joins us with us. it's all about -- i get it -- the economy. but i'm always wondering if there's some seminole event or breaking event that breaks in a big way what otherwise seems like a tight battle for the senate. we saw that in 1994, the mid-term election in which we were expecting republicans to do well. the so-called gingrich revolution was a lot better than well. similarly in 1980 between jimmy carter and ronald reagan when they were statistically tied the weekend before the election and then it broke all ronald reagan's way days later. any signs like that? >> no. so the fundamentals obviously have always favored republicans because democrats are controlled both parties of congress and the white house.
inflation is very high. we are now sort of in what i think most of us acknowledge is a bear market. i would personally say we're in a stagflation period. democrats hoped that they could center abortion about this. when abortion dominated the news in july, gallop said 8% said it was motivating their vote. now it's 4%. it's economy, stupid. republicans are growing at the fastest clip in 20 years. credit card balances are up 13% from this time last year. you're seeing independent of the fears of the recession, you have seen the economy shrink because of inflation. consumer demand for gas fell to the lowest point since july of
2020. though voters understand that they have to save or they have to pay down debt because we do know that credit card rates are going up. mortgages are going up. so no, really in terms of these polls tightening, it's really just been a lot of those undecided voters, the double haters that trump lost in 2020. they are really coming home to the gop in 2022. >> neil: we'll see. darren is there any evidence of that? we're going through the tight senate races here. this is the week real clear politics said there's a good shot that republicans do in fact take the senate. i think they see georgia flipping and herschel walker winning it in a run-off. they require at least 50% of the vote to get there. what would galvanize something like that? >> well, the comment that was made earlier and at the top of the hour correct, the fundamentals are asserting themselves. you mentioned some of the macroeconomic numbers, the
micronumbers, the opinions of individual level voters are coming through in the last couple weeks. in the latest fox poll, we asked people to rate the economy. 78% rated it as fair or poor. only 21% said the economy is getting better. 73% said it's getting worse. 71% of voters say they personally had to cut back in order to deal with the price crunch in inflation. one number i'll leave you with. amongst voters that disapprove of biden on the economy. so voters that don't think he's doing a good job. republicans are winning 62% to 19% in the generic ballot. that's a huge number. 18% of those that disapprove biden are undecided or toying with a third-party candidate. i think what might happen is that those voters could break and likely to break for the gop. >> neil: so let's play that out then. one of the things that democrats have been counting on and you
touched on earlier, the fallout from the anger from a lot of democratic voters who heretofore might not have been inclined to vote in a mid-term but would be because of anger over the roe v. wade reversal on the part of the supreme court. conversely, there's just as many republicans angry at them let's say for doing that. they might show up. i don't know what that is -- if any of the stuff that is coming up in early voting that we're seeing out of georgia where it's record numbers we're told. what do you make of these other issues? >> clearly it's is the economy, stupid, especially when things are this bad. and crime and immigration become economic issues like in new york city where mayor eric adams is dedicating all of these public resources to tents and supplies to make sure the migrants that are still undocumented are, you know, not just homeless, not just taking up public spaces. so when you let this broken
windows policy of immigration and of crime take reign, it does become an economic issue. it's more social spending. from the start of biden's presidency, there's been 13% cumulative cpi rate that means for the average american that doesn't have cost of living pay increase, their paycheck covers 13% less in january than i'd did it in 2021. you may dislike donald trump. you may disagree with what some republicans have to say about more extreme abortion positions. if you hear lindsey graham's 15 week abortion ban, that is more liberal than what they have in france, right? then you can really pivot back to just focusing on the economic priority. on that measure, republicans have a very strong double digit advantage. >> neil: we shall see. still early. i apologize for breaking out
early. i want to show you a big surge in the dow today. up better than 748 points. it does seem to be a bit of an anomaly when we're talking about a economy that could be collapsing or staggering. it's precisely because of that that the market seized on a possibility and a market rumor that same say leaked by the federal reserve itself, hard to prove, that it's less inclined to keep up the pace of rate increases we've seen. the betting is that we'll see a .75% hike next month. this idea that we would see an identical hike, a fifth 3/4 hike in december, that seems to have eased a little bit. the betting is that the fed is hinting of that, that they don't want to overdo it. it's in the eyes of the beholder and we see the wild shifts day by day. this shift is note worthy because they think that the fed is fearing overdoing it. it's in the eye of the beholder.
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celebrating today that his plan to forgive or cancel some student loan debt keeps surviving in court. >> just yesterday, state court and the supreme court said no, we're on biden's side. [applause] i'll never apologize for helping working for the middle class especially not to the same republican officials that voted for a $2 trillion tax cut that mainly benefitted the wealthy americans and the biggest corporations that wasn't paid for and racked up our deficit. >> as the mid-terms inch choser, president biden is field deathing a new souped up ways to describe republican policies that he thinks won't work. >> ahead of the mid-terms, how big of an issue is crime? >> i think it's a real issue. i think we have a great record on it. >> and there you had the
president talking about an issue, rising in importance in polls, but that we haven't heard him talk a ton about at least not lately. we do also have a bite of the president describing republican policies that we have not heard before. >> it's megamaga trickle down. megamaga trickle down. the kind of policies that have nailed the country before and will fail it again. >> so president biden might not be spending as much time on the campaign trail as some of his predecessors, but he can get the campaign lines out from here. neil? >> neil: peter doocy, thanks for that. megamaga policies that didn't work and his are going to work better. that's the read from the president of the united states. asa hutchison, the arkansas governor, maybe has a slight disagreement with that. good to see you again. he's saying, sir, his policies are better than republican policies that you guys would make inflation worse if you were
running the ship. what do you think? >> well, he's certainly in campaign style. i don't think it's a message that sells. everyone understands fundamentally this is a biden inflation. it started with bad energy policy, jacking up the energy costs for every american and then it goes in to the supply chain and all of the food costs as well. so he is the president of the united states. he's responsible for this. he can't avoid it during this season. whenever you look at in passing out goodies as you said, it is wrong subjectively for the forgiveness of the loans. it's bad policy. it's not fair treatment. it penalizes those that have worked hard during college not to go into that debt. it transfers the debt to other americans. and i don't think it's good politics as well. we'll see about that. but he's in full campaign mode.
i don't think he has a message that sells. >> neil: do you have a message if republicans do take over the senate and the house as some seem to think is a distinct possibility that they can grab both, that what happened to liz truss this past week is a reminder that markets can be cruel. they can look at tax cuts that have to be paid for just as much as spending. if they're not, they will punish whoever is in power. what do you think? >> actually, i think it is a good lesson to be learned. whenever people are suffering from inflation as they are in the u.k., at a 10% rate and they don't see a economic policy that works, they hold public officials accountable for it. the unique thing is that generally they give them more time to work through those economic issues and sometimes tax cuts are short term pain and
long-term benefit to the economy. i think you saw that during the early days of the reagan administration. his popularity went down, but he had a four-year term. the economy came back because of those tax cuts. so there is something to look at. you also look at state by state and states that have enacted tax cuts responsibly where you can continue the services and it grows the economy. that's rewarded by the taxpayers. but they want to see responsible action. right now you first got to get inflation under control and then you look at spurring this economy and kicking it back in gear. >> neil: you talk about kicking things back in gear. as you know, sir, there's a global slow down going on. that more than anything might have been responsible for the markets racing ahead. they see that as good news. the federal reserve hike interest rates so much.
what do you think of that? >> well, i saw the analysis that they're baking in, the fact that perhaps the interest rates are not going up as high as what we anticipated the federal reserve would do. but i also think that markets were simply responding to what they see as better results, but also a better plan. so i think that it's the interest rates that they're responding to now from an economic standpoint, we're still pretty strong in arkansas. we see some signs of a slow down. but we're hopeful because it kept our businesses open. we'll continue to be strong. >> neil: thank you, governor. very good seeing you. asa hutchison, the republican governor of arkansas. meantime here, another big issue is what is going on at the border. many democrats had hoped that an open border policy, as some see it, would help them with the latino vote.
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he's look at a lot of the stuff going on beneath the surface. it's a fascinating examination of a vote that used to be solidly democrat. that might not be so much anymore. senator phil graham, to you first. what are you finding out? >> basically in the last 50 years, the income with hispanic community has grown 20% faster than the country as a whole. hispanics are underrepresented in the bottom 20% of earners where 90% of income comes from government transfer payments and welfare. they're 21% overrepresented in the american middle class where 87% of work age persons work. so hispanics today are middle class americans. they work hard for a living. the idea that democrats by hiring hispanic consultants and
running outreach to tell people what biden has done for them, they know what biden has done for them. they go to the grocery store, they buy gasoline. what they want is an opportunity and what we're seeing in texas and i believe all over the country is a wholesale movement of middle income hispanics who are voting like other middle income americans. >> neil: if that is the case, john, early, mathematically would go against anything we've seen in the past and especially given the border situation when the knee jerk reaction would be, of course, all latino voters would be offended by all of the pounding on illegal migrants getting in to this country when it appears the opposite. >> well, i think one thing important to remember is that this so-called hispanic
community is a very diverse community. at its core and at its center, it's a very middle income community. it tends to have more of its adults working. they work longer hours as senator gram was explaining, they're more likely to be middle class incomes and less prevalent in the upper income levels, they're also less prevalent in the lowest income levels. so why would we expect them to behave differently or react differently to the economic policies than middle income, hard-working americans from other ethnic groups? >> so if you think about just that, phil gram, it might be a cool and cold reminder for democrats have been pushing an open door policy or the perception they're not too
concerned about what is happening at the border. many urged the president to do something about it. they might have bet on that and how the latino vote would go. >> well, i think they have been guessing incorrectly for a long time. but the bottom line is this idea that you can get hispanic vote by giving people more public benefits is an out moded idea that may have had some sway 25 years ago. but hispanics or middle income americans, they work hard. they want opportunity. they take welfare less than -- so the idea that you'll buy their vote with more government benefits, the democrats in south texas are running on a platform, we're going to break home the
bacon at levels never seen in history. hispanics have figured out that bacon has come out of this -- they work for a living. in south texas the republican candidates are presenting a clear choice. they're presenting the american dream. the democrats are preventing more government welfare. there's not a clearer choice in america than that. it looks to me, we won't know until the votes are counted, that the hispanics will vote as middle income americans have been voting in recent elections. they're going to vote for america, for opportunity, for freedom. so while i still have you, i do want to get your reaction. president trump talked to brian kilmeade a little while ago. while he didn't tip his hand on running, he said it would be disloyal for anyone else to run
if he chose to. quoting from the president, many have said that they would never run if i ran. so we'll see whether or not that turns out to be true. it would be very disloyal if they did to. the polls have me leading by 40 or 50 points. this issue said if he runs, would be disloyal if others do. what do you think? >> well, that's almost laughable. you're going to have a lot of people run for president. i think america is ready for a change. i think its ready for a change in both parties. i think you're going to have a competitive primary. i think this election is going to set the predicate because based on everything that i see, neil, i believe republicans are going to win control of the house and senate and i think this idea that hispanics have
been promoting that demographically because of the explosive growth in the hispanic community, that they were destined to be the majority party in america has turned out to be a pipe dream. >> neil: you do not think it's disloyal for other republicans to run against the president if he decide toss run himself? >> let me be clear, no, i don't think it's disloyal. you run for president because you think you can provide service and there's a lot of people that believe can do a better job than biden a better job than trump did and they're going to run. people are going to listen to what they have to say. >> neil: got it. thanks, guys. i apologize for extending. i wanted your thoughts on that. we will have more after this. i may be close to retirement but i'm as busy as ever. careful now. nice! you got it. and thanks to voya, i'm confident about my future. oh dad, the twins are now... ...vegan.
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very sophisticated. some say surprisingly sophisticated. drones made in iran that are being used by the russians to attack largely regular citizens centers across ukraine. trey yingst in kyiv with more. trey? >> neil, good afternoon. the war has entered a dangerous face as iranian drones become the most significant thread to the ukraine people. we've seen the damage that they can do. dozens were fired. most shot down. those that slammed into residential area killed a number of people and injured more. this is why ukraine is calls for the anti-drone technology to be delivered. it comes amid another concerning development about iran that is being reported out of crimea. the iranian military has personnel on the ground. take a listen. >> we assess that iranian personnel were on the ground in
crimea and assists russia in these operations. russia has received dozens of these uavs and will receive more in the future. >> the u.k. and the e.u. are trying to put economic pressure on iran sanctioning the businesses that supply the drones to russia but may not be enough. reports indicate that russia is running out of munitions and may look to buy surface to air missiles from iranians. >> neil: is there anything that william shatner can't do? the oldest man in space, checkered an amazing career and some reflections in a book that really makes you think because he wants us to think. he's coming up. research shows that people remember ads with young people having a good time. so to help you remember that liberty mutual customizes your home insurance,
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people don't know about. the committee on foreign investment in the u.s. they're threatening opening an investigation to whether musk's use of foreign investors might violate some sort of a national security edict. this is the committee that trump used, was attempting to use to get tik tok banned from the u.s. they do have power. whether minority interests in a company, in a takeover -- he will be the majority owner. binance, a chinese company and the prince of saudi arabia would be minority investors. but they wouldn't be owners. okay? so whether that qualifies as simple that cifas can stop is unclear, this is being investigated. bloomberg was first to report it. i understand as well. it could be serious. we don't know. i don't know how far -- i don't
think anybody knows how far cifas' power. can it extend to minority owners where the majority owners have national security clearance. star link has forced elon musk to get national security clearance. he has it to do the space flights. so why minority interests would prevent this from happening is beyond me. >> neil: he's also looking at getted rid of a lot of people, up to 3/4s of the work force is. that true? >> it is. he paying $44 billion. way overpaying for this thing. it doesn't make money. it has lousy cash flow. i think he's paying $40 billion more than its worth. i'm not the only one that thinks this is not a company that is very desirable on a lot of levels. if that's the case, in order to make the numbers work, you have to lay people off. the problem that he has, despite the fact that twitter is a lousy
business, it's a capital intensive. you have to monitor the bots and bad behavior, a lot that goes into putting a tweet out and now he wants to put in a bug to edit your tweet. that's capital intensive. how you sort of justify laying off people and expanding twitter and keeping it up to date is difficult. that's where it is from a financial standpoint. >> neil: thanks, charlie. when i come back, i always admired william shatner as a kid. but it's what he's done since then. going to space and a message of keeping the planet clean and beautiful that has impressed me now. now he comes with a book that gets deep and personal and lets you know what he's thinking. not what you think from captain kirk after this. welcome to ameriprise. i'm sam morrison, my brother max recommended you. so my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10
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>> neil: this one tweet. i can't believe he's 82. >> i can't believe i'm 82 either. it is genetic and keep yourself open, i guess, and find yourself a thousand dollar stock. >> put your head down and you mrod. >> neil: is that your philosophy, just keep going at it? >> i don't know. there's no philosophy. i feel good, i create something, think of something to do, somebody says hey, i'll do that
and we're off. >> neil: when you get a chance to be up there for the ten minutes you will, what's the first thing you want to do? >> i'm going to look out the window, neil, and see the vastness of space and fragility of the earth, and i'm going to continue that theme in my thinking and in my work. >> neil: you know, in my work, one of the greatest delights is talking to people i always admired and as a kid, certainly william shatner would be that, but it went way beyond as a kid because it went way, way after his famous role at captain kirk on star trek. it is how he carried himself with that fame, how he shared it with the world and his passion for keeping the world the beautiful face it is and boldly going into space quite literally about a year ago, as a matter of fact, on blue origin, jeff bezos' rocket ship.
he was 89 at the time, 91 today. kind enough to join us. william shatner, good to see you. >> good to see you, pleasure to talk to you again. you were playing that year old dialogue, i had long since forgotten i had said that, but turned out to be true, this book boldly go which i am talking to people about now because it is just out. i think it is about our entanglement with the universe and i try to portray it in my own life, stories about you who i think the universe has been taking care of me, especially in a musical pattern, but more than that this incredible con joining that we have with nature and people take it for granted, sometimes they don't think about it, sometimes they don't believe it, but we are intrinsically involved in everything in the universe, and not to keep that
in mind, not to be aware of how fragile our earth is, and as you and i are speaking now, so many, maybe millions, of entities are going extinct, i don't understand. so that's what my book is about. and i think it is entertaining, has great news and reviews and all that, i am delighted with that, delighted to talk to you about it. even more important than that, much more important than that is the concept that we're losing our earth. and we need, i don't understand why there isn't the manhattan project, with all of the incredible industrial might that we have and the world has, scientists have, why there isn't a manhattan project to deal with global warming. >> and by the way, that's one of the things, you came back, you were emotional from the flight. i found it fascinating the reason. you wrote about that i had a
different experience. i discovered the beauty isn't out there, referring to space, it's down here with all of us. leaving that behind made my connection to our tiny planet even more profound. in other words, you look back, you said it is fragile, it is hanging by a thread. >> indeed. and it does hang by a thread, and it is a goes manager thread, not a rope or anything like that. so here we are in a business segment of yours and i just puzzle why there are industries, and there are a few, why there aren't so many more striving to do what they can to take the carbon dioxide, methane, pollution, out of the water and the air because if we don't do that, we're going to be severely effected and it would seem to me
to make good business because we're going to need it, to be in this insanity about a war and people that can't come to some conclusion about our mutual fate, it's just insane. >> that's what caught me with this book. i was thinking, a lot of people think it is a real uplifting book, no offense to you, it is profound in that it is not that kind of book. in fact, it is sad. you talk about the fragility of your own life. you start saying i'm aware it is my final day when it inevitably comes and i will be filled with sadness and questions. did i spend enough time with my family, with my friends, with my horses, my precious dog, as if you sense something, that this is all ending, and you're in great shape, you look fantastic, articulate as hell. please tell me you're not down and depressed here. >> no, no. i feel as vital as ever, but i
do know that 91, coming 92 in a few months is a sentence. i look around me, people are falling away. we're all going to diane i'm going to die a lot sooner than you, neil. >> i don't know about that. you survived everyone. but i'm wondering, that whole experience of going into space and the way you looked at things, and i'm going back and remembering, you know, your career. you know, you talk about this going full circle on song writing and singing, honored at the kennedy center. i remember some decades back when it was hardly the case. so things that were dismissed years ago in your career are now high water marks for you. what do you think? >> i just think that we understand that the universe is vibrating, we're part of the
universe vibrating and the entanglement with everything. i think there are ways communicating to the vibration, whether it is prayer, whether it is thought, whether it is awareness, which i think it is, being aware all the time of how we are connected and communicating with nature and the universe. it sounds crazy abut i think it applies to our everyday life, and especially to the earth and our position with the earth. >> neil: did you ever think that you would be this iconic, i mean, in the hollow end series, i learned the michael meyers character was a captain kirk mask. i don't know if you get residuals from the movies, that's pretty amazing >> it is amazing in its way, and as i understand it, he sent somebody to buy a mask, whoever
it was grabbed a mask, but the universe taking care of it. but the facts are t, we are intricately linked and we have to recognize that, and coming from a business point of view, there are companies, startup companies trying to do things like take the carbon out of the air. these are wonderful companies worth looking for and investing in and trying to make them work because the ones that use all the resources of the earth are limited because our resources are limit. >> it has been your life mission. gene roddenberry, his ashes were released in space, you've been in space, not interested in that, are you? real quick. >> the space, i was up there and saw the curvature of the earth, saw the beauty of the earth, so
i have written about it, and -- >> you didn't need that. i wish we had more time. bottom line, you prefer your answer be buried here, a tree atop you and life goes on. >> i want to be buried with a tree on top of me. >> a long time from now. a long time from now. william shatner, thank you. >> jesse: i am jesse watters with judge jeanine, and caylee pavlich and it is 5:00 in new york city and this is "the five." president biden trying midterm pivot to save his party from a red wave wipeout. majority of americans are in agreement joe doesn't have a clue on what they care about. 63% wish he would pay more attention to key issue