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tv   Cavuto Coast to Coast  FOX Business  August 25, 2017 12:00pm-2:00pm EDT

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left-hand side of the screen, that is the approaching hurricane harvey getting real close to texas. thanks, everybody, more tuning in today. -- for tuning in today. we urge you to watch us at 9:00 monday morning when we'll feel the after effects, we hope, of harvey. 9:00 monday morning. neil, it's yours. neil: thank you very much, stuart. we are following harvey, already around a category two. they're look at three feet of rain at a minimum. think of that, three feet of rain. and this is a big energy area, as you know. a good deal of our natural gas, oil comes from this neck of the woods. as i always like to remind you sometimes those of you who say, hey, you're on to accessed about storms, even if you're not in the path, it's going to have a hon strows effect on a -- monstrous effect on a variety of prices. let's go to chief meteorologist, what he is looking at. what does it look like to you so farsome. >> very bad storm.
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maximum category two right now, on the cusp of being a category three. 115 would be the next report. doesn't happen very often. this lower texas coast actually went lu a period in the early 1980s where they actually had three major hurricanes make landfall, but they've had a reprieve. it really hasn't been since rita that the coast got hit this hard. neil: it gets more attention here because it's also in a neck of the woods in which the entire country is dependent, natural gas, oil refineries, facilities and the like. is the better part of valor to shut them down and then come back to them when calm proceeds? usually that's a day or two. this could be a little longer, couldn't it? >> right. you've got a double whammy because you've got chapter one of the storm where it makes landfall let's say in the corpus christi/victoria region of the
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texas coastline, but then it meanders, wobbles and stalls for several days. neil: is that worse, michael, when it just sits like that? because it's rain, rain, rain, right? >> well, the typical two number concerns with tropical storms and hurricanes are the winds and the storm surge primarily. but in this storm you also have the rainfall. so it really hasn't been since tropical storm allison in 2001 where you had a system just sit there and produce, like you said, one, two, three -- neil: and allison wasn't a big hurricane. >> it was a tropical storm. it was below hurricane status, but it sat there. and you have all the moisture from the gulf of mexico just pouring on these areas. they had some 30-40 inch amounts between texas and louisiana, would not be surprised if we see pockets of that here because it's going to be a five-day total rainfall event. neil: all right, you were explaining people in the northeast are familiar with hurricane sandy even though when that hit the northeast particularly off new jersey, it technically wasn't a hurricane, but it had what going for it that made it so devastating?
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>> it was a very powerful storm, but it actually an extra tropical storm, otherwise known as a nor'easter, and it was hitting the coastline between new jersey and long island that was a wedge for all that storm surge to build up. but technically, it was not a hurricane when it made landfall, so it's really been 12 years since the u.s. anywheres has had a category three landfall. neil: i remember you telling me don't focus so much, neil, on the speed of the winds and all that stuff. knowing the gulf as you do and knowing how, you know, a storm can hit land, then come back out into the gulf, i mean, it's all a close neighborhood there. what are your latest tracking surveys telling you this is going to do? >> well, the texas coastline is peppered with port towns and bays and gulfs, so with the right-front quadrant of this hurricane is going to be really pushing that storm surge all along almost 90% of the texas coastline, even into parts of louisiana. neil: so it will always have a water base to it for a while, correct? which feeds et.
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>> correct. the storm surge will subside, the winds will calm down, the storm surge will ease up. but then chapter two of the storm saturday through wednesday, we've got really mostly a primary rainfall event. if it wobbles out a little bit back onto the gulf of mexico and regenerates, then we have a whole other story on our hand. the primary thinking is it hugs the coast onshore and becomes a biblical-type flooding/rainfall story saturday and beyond. neil: do these numbers make sense? are they real? 40 inches? over three feet, that seems incredible. >> it seems crazy, but if we didn't have tropical storm allison which had some of those pockets, we wouldn't have really a gauge point. we do see that it can happen with these stalled tropical storms in the western gulf of mexico. neil: all right. we'll see how long this goes on. hopefully, not too long, but it doesn't look good so far. michael, thank you very much.
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again, just hi of that. if you're looking at that type of rainfall, to say nothing of the winds and everything else, a lot of those oil rigs which are being shut down for the time being could be down for quite a while. then what? let's go to jeff flock on the impact for everyone in the country no matter where you live. what are you finding out, jeff? >> reporter: the markets have not reacted dramatically to all of this, that's a piece of good news. also the good news is this, take a look at that oil rig map out in the gulf. you mentioned the number of rigs. there are 700 manned rigs out there. if you look at them and you juxtapose that map with the map of where the storm is headed, it's actually reasonably good news. that's about the best place it could go in terms of rigs because there are fewer in the western gulf than there are in the eastern gulf. so that's the good news. the bad news is that while it's missing the rigs, it's hitting the refineries, and as you just discussed, shutting down those refineries is kind of a big deal. often times shutting down the refineries is a one-day event if
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the hurricane blows through. that does not look like it's going to be the case, and particularly if these refineries get flooded, they could be out for a long period of time. despite that, a look at oil. we've only gained 20 cents on oil today. arbob is up about two cents, that's the gas futures. but i point out in terms of production of oil and natural gas, it's about half of the nation's refining capacity down there. so that's the big problem. and if that gets choked off, you begin to see a runup in gas prices. people are now filling up their tanks all over down there, and maybe you should fill up your tank as well. we're about $2.35, i think, today national average. it's been about that same for the past week, hasn't moved much, but i think we'll see a spike. that's what phil flynn, our buddy says, if this thing lasts for a while. neil: jeff flock, thank you very much. tracy's been looking at past storms and how this weekend
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could shape up in comparison to prior big ones. tracy. >> neil, texas has a history of deadly storms that cause billions of dollars in damage, and harvey's effect would be widespread which means the damage could be costly and catastrophic. because once harvey comes ashore, it is expected to stall and dump massive amounts of rain for days in areas like flood-prone houston, the nation's fourth most populated city, and san own owe. then -- san antonio. then you'll have storm surge, as much as three feet could be expected as far north as morgan city, louisiana, some 400 miles away from the anticipated landfall. harvey would be the first significant hurricane to hit texas since ike in september 2008. ike was one of the most destructive hurricanes to ever hit texas and one of the deadliest. it caused $22 billion in damage and killed 44 people. hurricane claudette in 2003
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caused $180 million in damage, and now harvey is taking direct aim at this same area as hurricane carla in 1961. carla came ashore with wind gusts estimated at 175 miles per hour and caused more than $300 million in damage. that storm killed 34 people and forced 250,000 people to evacuate. now coincidentally, yesterday marked the 25-year anniversary since hurricane andrew slammed into south florida. it was the last category five storm to hit the u.s., and its impact is still felt today by those who survived it. andrew caused nearly $25 billion in damage. neil, we hope harvey's damage does not come close to that figure. neil: indeed. tracy, thank you very, very much. we're just getting word, by the way, there's going to be a white house briefing. this will probably dominate a lot of those questions back and forth. 1:45, so about an hour and 40 minutes from now. we'll keep you posted. also letting you know that we are going to be monitoring this
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throughout the weekend, we'll be live, for example, on fox news tomorrow for a special edition of the cost of freedom focusing on this storm as well as its economic impact, whether you're in the path or not. 10 a.m. eastern time right through noon. we'll talk to the governor of texas, governor abbott, when has already declared a state of emergency in his state, and also activated better than 700 national guardsmen to help out with what could be a doozy of a storm. meanwhile, you know about the mother nature kind of storm. there is a political storm i brewing over tax cuts here. yesterday i had a chance to talk to house ways and means chairman kevin brady who says despite all the bickering back and forth and the finger-pointing at the president, members of congress of the president, they're on the same page when it comes to the things that matter like tax cuts. and he still thinks they will get them done this year. after this. ♪ ♪
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>> no, not necessarily. look, i know in our discussions the leader, mcconnell, the president, the house, we're all on the same page on tax reform -- neil: are you? are you? because i get different vibes. >> yeah, no, i absolutely believe that. we've got a lot of work to do. not one of us can do it by ourselves. it's going to take a team effort with the president. we know this is ambitious schedule. president reagan's reform, the big one, took two and a half years. we are being ambitious. i think it's achievable, and we're just going to stay on that timetable. neil: all right. the guy who runs the house ways and means committee who says despite the different vibes you're getting, they will get the tax reform this year, won't be a next year development. scott taylor on that. what do you think, congressman? >> well, thanks for having me on, neil. it's always great to be with you. i'm an optimist, so i think that we're going to get to it this year. that being said, whether it gets completely done this year or in the beginning of next year, we'll see what happens.
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obviously, as you very well know, politics can throw monkey wrenches into the plans. yes, sir, there are -- there is a overall, there's definitely a movement towards getting tax reform done on all three, the president, with the leader, obviously, chairman brady as well as the house. but we've got to come together, we've got to push something through. we might not get everything we want, but it's important that we push something through. neil: all right -- >> for the american people, obviously. neil: obviously. do you think that this bad blood, rift, however you want to the describe it with the president calling out mitch mcconnell in the senate and paul ryan about the failures to get certain things done he wanted done is hurting those chances, or is this just sort of like the coach, you know, badgering his team to get on with it? >> well, i think we're all professionals here, you know? so i think in the end we all want the same thing in terms of getting tax reform to help the american people, to make businesses more competitive, get some of that money back from overseas flowing through the economy. so i think short-term wise
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there's a little bit of frustration to get things done, and i understand that from the president's -- neil: it's one thing to privately express your frustration, but to publicly do so it's almost like he, the president, could be pre-throwing you guys under the bus if this doesn't happen. >> i think the tone could be a little bit, toned down a little bit, if you will, for sure. relationships matter. it's important to talk to one another to get things done, to hash it out. in the end, we are professionals. we do want the same thing. i think the president -- again, i understand his frustration, for sure. i'm frustrated. we have 260 bills sitting over in the senate right now that we've passed in the house. that being said, i think long-term wise it would probably be more advisable for the president to focus on those democrat senate seats that could be turned over, of course, to our side in 2018. that would probably be more helpful. i understand he wants to go to 51 votes if there's something
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like tax reform that, again, is sorely needed across the spectrum in the united states certainly for the work folks, then, yes, we should go to 51 in the senate to be able to get something done. but long term i think we should focus on a more functioning majority in the senate, and that would be the turn some of those vulnerable democrat seats in '18. neil: "the wall street journal" usually, you know, friendly paper when it comes to the president of the united states or more supportive, let's say, than many ore others. it expressed frustration with the president's demeanor and tone with congress but offering some ideas. i want to quote something from that editorial today, congressman, that republicans can't count on mr. trump to provide them any political air cover for tax reform. taxes were supposed to be the gop theme during the august recess but, no, the speeches or tv appearances are breaking through because the president can't give up the spotlight. so what they essentially said is congress should act on its own, come up with something, don't necessarily check it with the white house and leave it up to the president to accept or veto. what do you think of that?
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>> i think it's, there's a he jet mate point there, a legitimate argument whether it's the president or the media and their intense focus on the president and what he says, what he does, you know, whatever looks he's given somebody that day. i think that definitely stifles the dialogue, the tax dialogue from our perspective. i think there's a legitimate point that we should work as a house, as a senate together, get something done in terms of tax reform, come to a conclusion, make sure that everybody feels as though they're part of the team, that their ideas -- the best ideas come to the top, of course. neil: right. >> communicate that well and then, of course, use leadership to push that through, give it the president. if we do that, i think that he would sign it. neil: congressman, is it your sense that the mortgage deduction should be changed, adjusted, lowered? the sales tax -- i'm sorry, the state taxes that a lot of people pay, that should also be re-examined as part of this tax cut wave, or would you leave those both alone? >> i would leave the mortgage
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deduction alone. that's one of the biggest deductions, obviously, for the american middle class and working class. i come from lower middle class, i would say. that's a big deal for families. so i wouldn't mess with that. neil: would you lower it though? i mean, for most people let's say one of the ideas was taking it from a million dollar mortgage max to $600,000, most americans would not be affected by that, upper income folks likely would or those who live in pricey areas. would you be open to that? >> i would be open to that if it gets a broader deal, a better deal, a flatter, a fairer, a more simpler tax code for everyone. if that's on the table, you know, i'm not going to say definitively i wouldn't be for that, but in terms of the middle class, i would not touch that. neil congressman, thank you for taking the time. we appreciate it. >> thank you for having me. neil: this was very fast, wasn't it? amazon and the whole foods deal officially closing right now, and officially on monday you're going to see the results in lower prices, we are told, not only at whole foods, but you're
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ordering that stuff online at amazon. here's the problem though, a lot of the mom and pop shops that were scary with this pairing are now raising holy hell. food for thought. they feel they're in the middle of a food war. ♪ ♪ get between you and life's beautiful moments. switch to flonase allergy relief. flonase outperforms the #1 non-drowsy allergy pill. when we breathe in allergens, our bodies react by overproducing 6 key inflammatory substances that cause our symptoms. flonase helps block 6. most allergy pills only block one and 6 is greater than 1. with more complete relief you can enjoy every beautiful moment to the fullest. flonase. 6 is greater than 1 changes everything.
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>> i'm adam shapiro live in wyoming where members of the federal reserve system are attending an economic symposium. fed chair janet yellen speaking this morning and making the claims that the federal reserve's policies enacted during the financial crisis have actually made the economy safer and that many of those new regulations and policies should remain intact. she said, quote: the evidence shows that reform since the crisis have made the financial system substantially safer. she went on to say: the steps to improve the capital positions of banks promptly and significantly following the crisis beginning with the 2009 supervisory capital assessment program have
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resulted in a return of lending growth and profitability among u.s. banks more quickly than among their global peers. coming up later this afternoon, mario draghi, the head of the european central bank, will be addressing the attendees. now i'm going to throw it back to neil cavuto. neil: adam, thank you very much. we're focusing on these markets. a lot of encouraging words we've seen out of fed officials cliending janet yellen talks about we're over the worst and doing quite well since the financial meltdown about a decade ago. and that could explain a lot of the takeover activity we've been seeing, not the least of which, of course, amazon and whole foods. might make sense on paper for them, but system small mom and pop -- some small mom and pop stores are saying they're at a big disadvantage because amazon already plans to dramatically lower prices across the board for whole food items not only at the stores, but online through amazon. to market watcher jonathan hoenig. jonathan, what they're effectively saying is what a lot of them said at the time walmart
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was coming at strong, that we're at a disadvantage, we're going to be pushed out of business, and here we are again with an institution that could be putting walmart to shame. what do you make of that? >> well, neil, companies like amazon are damned either way, right? if they raise prices, then these evil monopolists, if they lower prices, they're putting mom and pop stores out of business. amazon has earned this business, neil. mom and pop stores, there's no right to stagnate. there's no right to have a small store and just assume you're never going to have any serious competition. and is just as blacksmiths or elevator operators went out of business, a lot of these mom and pop stores are going to go away. and, neil, a lot of them are the ones who are shopping on amazon. this is progress. neil: what do you make of that, shannon? >> i don't know if all the mom and pop stores are complaining about or, i mean, certainly they're scared. everyone should be scared, but i don't think they're whining. i think jonathan's making it sound like they're whining, and some of them are. we saw --
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neil: some of them are actually filing lawsuits. >> filing lawsuits, but i'm thinking about my mom and pop store, my organic mom and pop store in my neighborhood here in d.c., and where they've been successful is knowing that they are a local, community business, and they just need to -- they need to lean into that even further and become more hyper-local in everything that they're doing. and, yes, some of their models may need to change as well, but there is an opportunity for them to continue to thrive while whole foods and amazon thrive as well. neil: you know, we always look, guys, back and forth at progress and the cost of it and what happens with small concerns. i agree with you that a lot of these small concerns, some extra service, extra special touches -- let's say gift wrap, i don't know if that applies to a grocery store. my point is they find a way to compete, but it is harder to compete. does that matter to you at all, jonathan, or do you just say to hell with them? >> i don't think it's harder, neil, at all. i just think the nature of the jobs are going to change.
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and as you said whether it's personalized gift wrapping, who would have thought even 20 or 30 years ago that being a personal shopper for someone would actually be a career that a lot of people would have. that's what happens when you see progress like that. that's what happens when you see mergers is that new jobs are created, new wealth are created. so just as, as you said, walmart put a lot of the mom and pop stores out of business, we're going to see new type of wealth created. and, neil, think about the advantage. we romanticize the mom and pop stores but, frankly, a lot of them aren't very good. not a lot of products, not a lot of selection. so you're going to see new jobs and new wealth created, and that's why this is a big plus. thankfully, the justice department decided not to get in the way -- neil: you've got a lot of mom and pops now just lighting torches looking for where you are. [laughter] what happens here? we learn that competition is ruthless and today's dominant player will be the one that, you know, is prey for this sort of thing? walmart comes to mind when it
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was the big threat, and now, of course, threatened by these amazon developments. so where are we going here? >> listen, everyone's evolving, everyone's looking for the next partnership, the next offering. i cannot get out of my head thinking about my eggs and milk being gift wrapped for me? i'm not sure that that image conjured up is something that would be fun or not. gift-wrapped groceries, people are going to have to evolve, and whether that's google partnering with walmart to -- neil: that's a good point. >> which we saw this week, or another mom and pop store, maybe the delivery -- maybe the stock boy is now the delivery boy, and you have an area of a mile where you deliver groceries to your neighbors, and it'll evolve and continue to push everyone to be better and to innovate. neil: do either of you shop at whole foods? i mean, you're both thin, fit people. usually when i go in there, they just say what the hell are you doing here? >> absolutely, neil. think about how they were revolutionary 15, 20 years ago when they brought fruits and
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vegetables no one had ever seen before. now we're moving up to the next level. >> i don't know, listen, i still, honestly, feel like whole foods is a little elitist for me. and that is another part of this which is there's a whole group of america that is just not going to shop at a whole foods or shop online at amazon. and walmart and other folks can double down on securing that base, and even someone like myself who feels like whole foods feels a little snobby to me -- neil: i think you just said something, and i'm glad you did, because if i did, they'd say, neil, you just like processed foods, and that's why -- [laughter] thank you both very much. there is elitism, she's right about that. all right, let's take a look at harvey and where harvey is going. expected to be very close to a category three storm when it hits land. it is a doozy of a storm, and it's a busy hurricane season. we're going to get into that and the predictions for the rest of the season. and then gary cohn
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apparently offering his resignation to the president of the united states, and the president refusing it. and i'm thinking to myself, self, why would the president refuse the resignation of gary cohn who he knew was privately critical of his comments in charlottesville? could it be, could it be that maybe the president assured him that he wouldn't say things that would be controversial or was offered a certain job? we'll examine, you decide. ♪ ♪
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neil: all right, hurricane harvey is intensifying off the coast of texas right now. this is galveston, texas, no stranger to hurricanes. i believe it is, it holds the record as the community that has had the most serious number of repeat storms of any in sort of that hurricane alley of the gulf. if that is true, that would not surprise me. certainly, it stands out as among the towns that's been most affected by some doozies of
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storms over the years going back to the late 1950s. in the meantime, gerri willis from the new york stock exchange on stocks and companies that are getting affected by exactly what's going down in the gulf. >> reporter: hey there, neil. that's right, you know, the outer bands of harvey hitting the gulf coast and the corner of wall and broad in a manner of speaking. let's take a look at those oil prices. they're advancing friday, doing a little bit better here after taking a big hit yesterday. and let's talk about real hurricane stocks here. generic, home depot, lowe's, getting a bounce as often happens in a situation like this. generac, they make generators, that's a stock doing well. here's something i've never seen described, retailers who have a large proportion of their business in texas. dillards, 20%, stein mart, 15%. these are stores that'll be
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closed for the duration during this horrible storm, and you've got to think it's going to hurt sales. pay attention to that. texas restaurants also getting hit here, jack in the box, fiesta, sonic, texas roadhouse all have a big presence in texas. we're looking at all these stocks. lots of stocks being hit today by this very big storm down by the gulf coast where about 45% of the nation's oil refining goes on on. so we're watching this, neil. looks like it's going to be a bad one. neil: and hanging around a while. gerri, thank you very much. >> you're welcome. neil: speaking of this storm now, the vice president has just tweeted out reports show that hurricane harvey continues to strengthen. our prayers for safety are with those in the path of the storm. all right, we're following that. also following this political storm and the future of one gary cohn, the national economic adviser who apparently drafted a rez a nation letter -- resignation letter in the wake of charlottesville to the president of the united states. the president declining that resignation letter.
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he tells the financial times this administration and must do better in inequivocally condemning these groups and do everything we can to heal the deep divisions that exist in our communities. that kind of echoes what i heard from janet caldwell, a gop consultant, on what the president needs to do to put this behind him. always good to see you. >> good to see you, big brother neil. neil: i'm wondering too, your last appearance there was a lot of controversy because a lot of people who like you are just saying, oh, he's dumping on the prime minister. of he was much more complimentary of mike pence and not the president. he's left the president over this charlottesville thing. that's not what a republican consultant does. you say a what? >> i say that i certainly haven't left the president, but i think it's important for republicans and everyone else to hold the people in office accountable. president trump must be held to account. he's become very distracted with this war with many factions whether it be the media or anyone else, and it's become very difficult for us to be able
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to get some of these things done. i've been in the fight with the president since the primary, and in the sense that i've been supporting him where i believed appropriate, defending him where i believed appropriate. now that he's in office -- neil: what did he do that really bugged -- equating the two protesting groups? that is what stuck in your craw, right? >> yeah. so this is the problem, and i know people have been saying, hey, president trump has condemned the groups, you know? both, you know, all sides or whatever the case is. and then he said, hey, there was good people on all sides. what people don't really understand is neo-nazis and the kkk isn't just a hate group, it's an institution. it's an institution buried deep within the fabric of our country. a lot of these individuals from these groups have created policies, because some of these folks were police officers, some were attorneys, some were elected officials. they created policies to marginalize communities of color, jewish people and whatever else have you. so when we look at the historic perspective of these mini
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institutions as i call them, i think it's very problematic that the president would say anyone would be palling around, anyone that's good and decent would pal around with these kinds of groups. neil: has it gotten crazy now, and i had a different perspective as a white male versus you as an african-american male and growing up for a while in the south being exposed to these confederate statues that seem to be everywhere, were you -- are you, do you agree with those that just say take 'em down? >> i'm more in favor of what mike pence said, vice president pence. i thought he hit the right tone. i thought he was excellent in even having the conversation. i think that it's up to the local public to -- neil: no, you personally. you personally hate them and find them objectionable. >> i think that they can be used as a weapon of hate. certainly. i don't have a problem with them just being there in present. i think that it makes more sense
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for them to be in museums. i just don't understand why we have so many of these confederate statues around when they didn't win the war -- neil: but do you find it weird then that it's extended to anything showing george washington or thomas jefferson or anybody attached to slaves or owning slaves, whatever? >> well, i don't -- george washington wasn't known for that. that's not -- yeah, sure, certainly a lot of these founders, they did own slaves, 100%. but that's not what they're known for. they're known for being the founders of our country. the confederacy is known for white supremacy, the preservation of slavery. so that's, that, to me, is a tool that's a celebratory -- neil: but they're not distinguishing, gianno, there was al sharpton said of the jefferson memorial, quit funding it. i mean, is it, are we in crazy town now? >> well, the person you're
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wanting me to refer to is angela, i disagree with her. i don't think we should be blowing up mount rushmore or anything like that. i think there's the propensity to go too far on this issue, and i think we've obviously gone too far on this issue. i think we should put up, erect statues of people like nat turner who led the slave rebellion and many others who added to the positive progress our country has made. at the end of the country, slavery is a stain on america's conscience, but we've also made great progress. look at me, i'm right here in front of you right now, so this is a beautiful thing. there's so much more progress to go. we still have the topple institutional racism in many different institutions, but we've come a very long way. and i want to look at that progress as well as understand and acknowledge what has happened in the past. and i think that's necessary for us to unite all together. neil: real quickly, i know you're concerned with the president's comments in the beginning, but do you feel a lot
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of people have made a very big issue of this are more interested in disrupting his agenda than making any racial comments? >> yeah, certainly that's going to to be the case. the left is always going to take it and run with it. i think a lot of folks have taken some of the comments that president trump has made which were rather insensitive and particularly dumb in my view, and that's no disrespect to anyone else. but they tried to apply that to the entire republican party when republicans from everywhere -- including gary cohn who has come out and said it was wrong and he shouldn't have said that and we've got to do better. so, you know, there's obviously these folks with this fake outrage when this is folks, obviously, in the democratic party that have said very harsh things towards people of color and anyone else, and you don't see them coming out hard against them. so if we're going to talk about these issues, we have to have a balance, and we must be true to ourselves. and a lot of folks on the left aren't really having a balance. they're just taking a moment to push the president down the stairs even more. neil: all right. gianno, good catching up with you. thank you very much. >> thank you for having me.
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neil: all right, getting more news on this hurricane harvey and the effects it's having. conocophillips the latest to say it's going to suspend operations in this eagle ford shale region of texas. that follows the likes of exxonmobil, royal dutch shell, an dark coe petroleum -- ana dark coe either evacuating or partly shutting down facilities that account for about a quarter of the oil and energy needs of the united states. we'll have more after this.
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♪ ♪ >> he campaigned on the wall, he won on talking about building the wall, and he's going to make sure that that gets done, and he'll continue to fight for that funding and insure that it takes place. neil: all right. sarah huckabee sanders, who's doing another briefing today at 1:is 45 p.m. -- 1:45 p.m., she might follow up on that. but the wall the president originally said he wanted the mexicans to pay for now wants to attach it to a debt ceiling hike to provide the funding to do so and eventually get the mexicans to pay for it. to elvira salazar. first on the wall thing. where do you stand on this? because a lot of folks are saying, mr. president, why
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attach a measure like this to the debt ceiling? and, first of all, why stick taxpayers with the bill you said the mexicans were going to pay? >> no need for the wall. thank you for having me, wonderful to be here with you. i don't think there's a need for the wall. the real wall is not a physical barrier, it's a virtual barrier called the e-verify. this country and the republicans and democrats would really want to stop illegal immigration, you need two things. impose e-verify which is to check people's papers when they, they're asking for a job, and number two, give more guest workers visas for those people -- neil: now, e-verify, i always thought that was a law, but in california, for example, it's not required. >> oh, no, it's not required. neil: you can hire someone without e-verify. >> it's voluntary. neil: so you can actually hire and not be punished illegals. >> what happens is the illegal or the undocumented person presents a fake id, and then that employer that needs that
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labor, cheap labor, looks the other way, knows probably that those papers are false, but nonetheless he is sort of complying with the law. neil: okay. when the president attaches, as he did, and elevated it to the point that he would even welcome a government shutdown to force the issue i, what'd you think of that? >> i think he is policing the base. i mean, we know that the president won, and i respect that fact that 60 million people voted for him in those central states -- neil: you think this was integral to that, this wall thing was an issue. >> absolutely. immigration is a signature plank for the trump administration -- neil: maybe he doesn't have to do it. already illegal immigration crossings are down markedly whether the threat of a wall is doing it or the emergence of president trump, something's working. >> absolutely. there has been a drop of 80% -- neil: why is that? >> i think it's perception is reality. neil: i see. >> perception is reality. you have thousands of haitians fleeing this country and going to canada because their tps is
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going to expire -- neil: what's tps? >> temporary protection services, it's like a little 18-month permit for you to be able to work. but that tps has been renewed year after year for 18 years. neil: well, what did you think of the whole sheriff arpaio thing? we had him here the other day. he didn't go to the event in arizona, but he did like the way that the administration dangled the possibility of a pardon. how would you feel about that? >> the problem with arpaio is not that he was following the law or not following the law. the problem with arpaio is that he was the spirit of the law was vicious. and we are the united states of america. neil: what was vertebras about it? >> i'm going to the to tell you, i interviewed arpaio, i was there and saw it with my own eyes. he would capture you and put you in a cell if you're an illegal immigrant, which is fine. they'd detain you while you were waiting for your day in court.
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but then he would make you dress in pink underwear -- neil: right, i remember that. >> -- to humiliate you. and without a shirt because he wanted people to show how muscular or not you were. so those are tactics that we cannot afford -- neil: so your problem wasn't so much the way he rounded up people whether it was based on them being hispanic or not, it was the way he treated them once they were rounded up. >> the spirit behind it was very evil. neil: so he's pardoned, now, the worst he's looking at, to be fair, is a six month jail sentence. so do you think the president is just wasting his time? he's probably not going to do a day of jail time, right? >> sure, but it's the principle. the president is pardoning somebody that put aside the pink underwear, it's the fact -- neil: but the fact that the president with latino voters -- >> i have said it to the white house a thousand times is that
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they, he was this wealth of voters that they are not paying attention to -- neil: yeah. but more latino voters voted for him, double, i believe, than voted for mitt romney. >> well, around 30%, the same amount of latinos that voted for trump voted for romney. 60% of cuban-americans. i've always said to the republican party that they are giving the latino vote away or just giving it to -- neil: legal latinos though? >> oh, yeah. neil: yeah, this sticks in our craw, we've done everything to come here and, yeah, we should crack down on those that take a shortcut. >> and i don't understand why the republican party is not doing that. we're law-abiding, we don't like government, we like family, we love religion. how come the republican -- neil: how would illegal ones respond to what's going on? they'd be rightly ticked off about people getting in front of the line, right? >> well, yes and no. i think what the perspective is here is that the white house may be anti-hispanic, and i don't like that -- neil: do you think the
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president's a racist? >> i don't think so. i think he is just, he's just repeating the words that he feels he has to to say because he has to be in good terms -- neil: but i listen to his wording, and i'm not an apologist of president. he doesn't flip over me or like this show. i have problems some days. i don't hear him saying racist things here. do you interpret that as racist? >> i believe that he doesn't, this immigration problem is so complex, and i think the president understands like most of the fellow americans do not understand how complicated this immigration problem is. and that's why we need an immigration reform law that will solve everything. neil: yeah. they never get around to it. >> why not? neil: i -- look, i don't make policy, i just anchor a show and read a prompter. [laughter] let me get your thoughts -- >> but you influence. neil: venezuela, the u.s. is imposing even still tougher economic sanctions on that country. where do you think this whole
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thing is going? >> i think that the trump administration has paid attention to venezuela for the first time. the bush administration or the obama administration, they let mr. chavez, rest in peace -- neil: this guy, by the way, is making chavez look like the pope by comparison. >> well, because this guy doesn't have money, and chavez had a windfall -- neil: well, chavez blew it all away. >> $120 million blown away over 17 years when -- neil: so when the president kind of intimates military action against venezuela, what do you think of that? >> that's not going to happen. i don't think that's going to happen at any point, but i think what was announced recently is that now the u.s. banks will not be able to do any business with state companies -- neil: but they barely do, right? >> well, yeah. we have a lot of business with venezuela. neil: okay. >> now the u.s. banks cannot deal with the venezuelan
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companies or with the state-owned oil industry. and that's what's going to hurt them. neil: you know, you're a great guest? you know that. you really are. >> thank you for having me. neil: we're going to follow this closely. darn if a lot of things she said would happen, darn did happen. we are keeping an eye on harvey, right now threatening massive flooding, not so much for the fact that it's close to a category three. that's bad enough, but that when it hilts, it's going to stay around a while. a long while. after this. ♪ ♪ today, we're out here with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. you didn't know that. no. yeah.
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neil: you have heard about this, hurricane harvey expected to be category 3 when it hits land, some time tonight, texas republican governor greg abbott who has had numerous conversations with donald trump will update everybody in 30 minutes on how things are going. send again national guard troops to be ready for anything and everything. >> it has turned into a disaster us event. we have a number of different angles, number one would be human risk. but on the storm itself where the human element comes in the
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most recent update from the national hurricane center is harvey is 115 miles southeast of corpus christi. watch that area tonight, corpus christi in texas, maximum sustained winds of 110 miles an hour put it at category 2 but on the edge of 3 moving northwest in doing so slowly, 10 miles an hour. people are talking about this, the fact the storm is slow-moving and hangs around for a number of days creates potential for catastrophic flooding and adds to the second concern, money and markets. gasoline futures have been going up a little bit, oil prices up a little bit as well, so flynn predicting a 15 to $.25 spike in prices at the pump when all is said and done. that is a difficult prediction before hand but that is his thinking. the current track has it missing
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the big production facilities but there is a cluster of refineries the process 5 million barrels of oil a day that appeared to be at risk so that is something to watch, the cluster of refineries in the gulf, finally to politics, the new fema director says we are monitoring hurricane harvey closely, working to prepare and support the state's efforts, the fema control center, new on the job, donald trump with a couple tweets, one of them had a picture attached saying received hurricane harvey briefing this morning from the acting department of homeland security secretary elaine duke, marriage and fema and tom and john kelly, there is the picture from the oval office, this promises to be a big test for the trump administration, first year in office, the storm comes ashore tonight or tomorrow morning near corpus christi, texas. looks to do so as the strongest storm to hit this country since
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wilma in 2005. neil: what does this look like for hurricane season this year? i want to tip my hat to joe, they wouldn't fit my head but here is where joe stood out months ago, talking about what could be a very aggressive, busy, serious hurricane season. we are all looking at it now. spell it out, what are we seeing? >> we had high-impact season forecast even though the total amount of activity as far as what we call the base index, they name a lot of stories they never would have named before. we don't look at the number of names but how strong the storms are. we felt the storms would be intensifying most near the united states and near landmasses this year and use our saw gert turn out to see and
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cindy and emily so this is in line with the pattern. on may 12th we said the major hit, so-called major hit drought will end, i say that because the power and impact scale we use for our clients to lead know how bad the storms will be near totality, gustav and ike and sandy were major storms and we use barometric pressure. what happens, the saffer simpson scale is a measure of the strongest winds. if there is a 10 mile wide area of strong wind you have a category 3 or 4 storm. what happens when you have a storm, the wind is not as strong at the center but is spread over a larger area doing more damage, looking at the barometric pressure, this is a moderate 3 on power and impact so we worn
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our clients accordingly, we have been telling from this is going to be nasty in texas. one we have had is the loop and their track is very close to ours. i have been sending email updates to neil to show what we have been doing and what we are very concerned about is if this goes inland near victoria, texas, turns back to the south and southeast, comes right back over the golf monday, executes a tight loop and comes back out, re-intensifies and hits near galveston between galveston and beaumont ford arthur tuesday night or wednesday. why is that important up the coast? there is a hurricane coming. if i'm right about that. but we don't see storms do that, hit galveston, that area southwest like this, it causes a
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major problem in the that the storm surge instead of coming from the southeast and going through, galveston is protected by the seawall, you have storm surge from the south southwest, and water piling into galveston bay plus all this heavy catastrophic rain that will be occurring anyway, that elevates the level of the bay but what happens when a hurricane moves by? remember what happened in new orleans. it was after katrina went by that the wind went to the northwest and blue poncho train into the city. my concern along with the normal concerns we are all talking about is galveston island can be attacked from behind, from the bay, the bay comes in and floods the city after the storm goes by so is there are all sorts of different things going on here, all sorts of considerations and it all depends on that track. our track is back out over the water by monday and then we have
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to wait and see what the second leg does. >> thank you, joe masteredby. chevron is saying it doesn't expect despite the concerns about the storm for it to affected us golf oil production especially in that neck of the woods. the likes of conoco phillips, mobil phillips, making adjustments at facilities in rigs in and around the golf region. let's go to larry shove her. what are you seeing from all this? >> the market is very tense in a wait and see mode. the market realizes there are tons of variables to this. onshore, offshore, how much rain, how slow will it be, not to mention it could impact soybean crops, rice, cotton, etc. etc. and the issue is a lot of people including myself tend to get comforted by history and using probabilities and saying if we look back to allison in
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2001 or ike in 2008 refineries were only down because we have two and 14 days so everything should be okay because pad 3 the area of the gulf coast has 22 ° in storage so i'll as well but i don't think we should underestimate it and i don't the market is right now. >> what is the history of these things, various storms have various severity but i usually see this as the rubber band analogy, whatever affect stretches out with prices disrupted production, it snaps back when facilities are back online. that depends how quickly they are back online but we returned to a norm. how do traders play that? >> the marsh traders realize things like probability shouldn't be talked about, they don't exist when it comes to financial markets. i can look at history and say worst-case scenario it is going to be okay because there are three weeks to get back online
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but this could be the outlier, you don't want to be betting the house on a one horse race and that horse jumped the fence, things could happen and smart traders realize that and wait for things to pan out. neil: when chevron says we don't expect serious disruption either talking just in general, it is short-lived or expressing confidence this will come and go? how do you interpret that? >> they are looking at history, that is the thing, production has been shuttered by 10%, 168,000 barrels a day, the worst-case scenario identify part of 10 million barrels of oil would be disrupted so they are looking at something that is short-lived. there are always outliers.
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neil: big issue -- dumping 3 feet or more of rain, that alone is a big deal. >> onshore production we have to worry about including refining, it would affect biodiesel, biofuel, that is something the market is considering and why they stayed still, people just waiting and watching. the most severe storms, damage and dislocation, allison, that was just a tropical storm in 2001, brought with it 30 inches of rain and wallops that area for four days and memorable to many northeast earners as hurricane sandy, that was not a
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hurricane but a nor'easter, the most expensive storm the northeast is seen in a quarter of a century. it is not the gravity or size of the wind or mass of the storm but in both of those cases how long they hung around, both of them did for a while. greg abbott will speak to the country about what is going on. he will join me for a special lives in addition of the cost of freedom. we will have a lot more, touching land by then and god knows what else. stay with us. don't let dust and allergens get between you and life's beautiful moments. flonase outperforms the #1 non-drowsy allergy pill. it helps block 6 key inflammatory substances that cause symptoms. pills block one and 6 is greater than 1. flonase changes everything.
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neil: the president tweeting these days if republicans don't get rid of the filibuster rule few bills will be passed. washington examiner, tea party patriots, red alert politics and angela, what did you think of that, mitch mcconnell saying i believe won't happen. between these two guys in particular what do you think?
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>> the risks of a government shutdown. many crises, you could say a few years ago in 2011, 2013 and every time no matter who was in control of the legislature and white house it has been devastating for republicans. neil: the filibuster thing seems like he wants it but mitch mcconnell is fearing what could happen next year and relegated to the minority leader if he is even that and wants and input. what do you think? >> mcconnell is trying to keep the authority of his position and keep as much as he has but this controversy over the filibuster is happening because of harry reid. if you want to know who broke the senate, you have this mess with the filibuster rule because democrats couldn't pass thing is the normal way so they have
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broken the process and you see republicans kind of drawing lines and lining up. >> it started with judicial appointments and getting a simple majority. one thing i'm wondering is whether this back and forth especially when it comes to the debt ceiling threat on the part of the president he would entertain a government shutdown to build that wall, to get a va bill going, both of those no matter how much you think of those efforts are spending efforts which would essentially mean attaching a spending measure to a debt ceiling increase calls for still more spending. >> what we need to have -- what the president is doing is right, trying to get some of the things in his agenda attached to must pass legislation so he is on the right track. what we want to see -- stuart: should the president of
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the united states be the one advocating shutting down the government? >> if there's something he really wants to ensure is included in the spending package than that is one tool he has at his disposal but i do think the consequences are something we saw yesterday during the white house briefing, when she was asked and white house press secretary center huckabee sanders was asked is the president advocating a taxpayer-funded border wall does that mean he has given up on making sure mexico is paying for this campaign promise and i that is where it gets difficult when you weed in his government shutdown talk makes it seem like he is reneging on these promises he made and that is not a good look for this white house. stuart: you are closely attuned to these developments but i step back and say whatever the justification of his argument, mitch mcconnell's arguments these are arguments that are getting the way of tax reform which i think is much in doubt this year, that is just me but
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what do you think? >> whether we raise the debt ceiling or we the taxpayers mila paying for the border wall there is no good solution for the american taxpayer in this as of yet, no one is providing it so either way we will be paying more, we are $20 trillion in debt and we will be paying, my generation, for all our working lives paying for these things though we just can't afford. we are worse than broke, we are in debt. neil: you are younger than i am so i get in under the wire, sorry about your generation. i am curious what you think happens if it looks like tax cuts don't happen? >> i think tax cuts have to happen and they are going to happen. i don't know when they will happen but that is something the republicans and the president have to do. the fact is as far as shutting down the government, finding that the doing, it is writing to fight on, 57% of americans do not want to see the debt ceiling
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increase, they cannot go and increase it with a blank check, and i think -- neil: i agree with you on that but why attach more spending and make that your holy grail? >> i agree we should be looking at spending reforms and the president should be pushing the secretary of the treasury to get spending reforms attached to the debt ceiling increase. we got a deal in 2011 better than we are looking at right now and in 2011 the democrats controlled the senate and white house. we still didn't think the deal was good enough but it can't just be free for all spending with no restraint whatsoever. stuart: i agree. this entire argument over the debt ceiling is something that will delay tax reform even more. we have already heard this rhetorical pushback, first it was before august recess we will have something done on taxes whether it is a tax package or
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broad tax cuts, now it is after august, now it is at the end of 2017 when gary cohen said in an interview today. i do think all these legislative items congress needs to address in the next few days are going to complicate tax reform even further and that is not positive. neil: thank you very much. you might recall, remember when they had the floyd mayweather, mcgregor fight announced and every one realized connor mcgregor, the ultimate fighter was the ultimate underdog. the odds were 22-1 against him winning and then i curiously set i think mcgregor is going to win. i still do. the odds are even. you are welcome, las vegas.
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>> tomorrow is the big fight, surging ahead of this between floyd mayweather and connell mcgregor. what are you hearing? >> right now they are betting that mayweather walks away with a win tomorrow night. mcgregor plus 400. >> our average wager on connor, $200 so all the smaller stuff on mcgregor but all larger stuff on mayweather, our average ticket on mayweather is $8000 per ticket. >> the fighters will face each other for wayans and the trash talk has started, mayweather said in an interview he thinks mcgregor is worried about breaking rules to make sure he clocked in under 154 pounds. mayweather claims a source told him mcgregor is loading up on 7
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bags of fluid a day. and illegal move under the athletic commission rules. he reached out to the commission to see if they are taking mayweather's accusations seriously, they don't respond to hearsay and a formal complaint has to be filed before they look into any cheating allegations between while the undefeated boxing champion has been spending his final days in vegas at his strip club, he bragged he could eat a big mac and pizza and still make it but the crowd favorite is mcgregor, 95% of all bets placed have been on mcgregor, one vp told me if mcgregor manages to pull off an upset tomorrow night that would be a major punch in the gut for them. neil: everyone was saying from the beginning that there is no way floyd mayweather will lose. listen. mcgregor/mayweather, who wins? >> mayweather.
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neil: i say mcgregor. >> i don't think it is even a question. >> without a doubt. don't hit me. >> don't bet on it. >> the read against mcgregor that it is, he is going to win. >> mcgregor beating mayweather is the same odds as you and i having coffee in massachusetts and winning the next powerball, $700 million. it is not going to happen. neil: i am telling you. i hate to humiliate these guys but it is going to happen, mcgregor is going to win and it will be a great insult. that is my bad irish accent, had to do that. i am with the underdog. we have former wwe wrestler john
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layfield who knows about getting nasty with people so i save my tough questions, what do you think? >> mayweather will have to for sparring partners. when delaware was at his best, he is a southpaw, mayweather has been off for two years, no chance against this guy. neil: mayweather is 86 years old. >> floyd mayweather senior might be. look at mcgregor, james tony thought in an mma fight, couture never let him get off a punch, that is what happens, mcgregor would destroy mayweather but this is boxing, mcgregor never had an official boxing match, no chance of standing up against a guy who equaled rocky marciano's record is greatest of all time.
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neil: you always reminds me and i see in your memorable undertakings that the guys counted out, when the whole thing and you were in a position with a few chairs over your head. what will stop mcgregor from picking up a chair? he won't do that. is it rigged the way they are doing it so mcgregor has to box, the only allowance they made was later gloves which could benefit him. when i see a deck stacked like that, that is karma for the guy winning despite that. >> it is karma and a lot of people would like to see him get beat, 8 ounce gloves instead of 16 ounce gloves is a marketing ploy. if mcgregor can hit mayweather, mcgregor is a bigger guy, he fights at 155, this is 154. neil: what are they doing? is he trying -- to gain the
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weight or what? >> he is trying to lose weight, mcgregor walks around 175 miles an hour, he is much bigger, mayweather walks 155, a much bigger guy, he will weigh in and fight and he will weigh 10 to 20 pounds heavier than mayweather. neil: what if mcgregor comes in on this liquid thing to force the weight off, i guess? but he is too big. they wouldn't cancel this thing on that basis? >> it is supposed to be a heavy financial fight which will be very punitive. mcgregor is making $100 million. i think mcgregor will come in, this is mayweather being a promoter. mayweather put notes on himself that he is a step closer, not the same mayweather, trying to hype this. neil: a little too lake, mayweather is getting scared. too late for is that. >> i don't think mcgregor has a
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chance of hitting it. neil: i can speak of the crumbs. up to you to acknowledge if they are being sprinkled, i don't know what that means. it is mcgregor, he is going to win and i will expect you to pay up in hamburgers on monday but thank you, good seeing you. very politely dismisses me. that is what i go through, america, that is what i go through. the battle over these statues, one thing to remove them all. weight until you hear the cost to you when they do. ♪ experience advanced safety technology at the lexus golden opportunity sales event before it ends. choose from the is turbo, es 350 or nx turbo for $299 a month for 36 months if you lease now. experience amazing at your lexus dealer. the toothpaste that helps prevent bleeding gums. if you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. help stop the journey of gum disease.
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or visit kohlerwalkinbath.com for more info. >> someone who means a great deal to the italian-americans of new york city, we are concerned about preserving his legacy. we acknowledge the faults he may have had but we are asking the public to judge him through the lens of the era in which he lived, we are asking the mayor and city council speaker to
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judge the legacy he leaves for italian-americans in new york city and asking both of them to remove christopher columbus from consideration for this list. neil: that was new york city councilman joe borelli fighting to keep the christopher columbus statue there. minority whip joe borelli and obama staffer joe feldman. you were arguing not just as an italian-american, saying this is going too far. >> i was there is a new yorker and we should put it in context. there was a rally i hosted with joe piscopo about christopher columbus. he has deep roots in the new york community. there was another rally down the block by some democratic to make and colleagues protesting the removal of one of the founding fathers of the dominican republic, bill diblasio and others are forcing modern-day
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people to reengage in 400, 200, 300-year-old battles and it is making us become more tribal than we have ever been before. we have to acknowledge where this started. there was a rational conversation over the legacy of the civil war and how we memorialize the confederacy and reconstruction, then trump said who his neck stand the media downplayed and disapproved of the fact that he even asked that. >> it was more about equating the groups. >> not even 12 hours later you had people on television, elected officials validating what he said by calling for washington and jefferson, here it is columbus. neil: where does it stop? i got the jump the shark moment was espn with robert lee broadcaster, got a little ridiculous. >> i christopher columbus is crossing the line. we should be focused on the confederacy, robert e lee, that is the focus.
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robert e lee didn't even want statues of himself or the civil war to be memorialized. neil: why now? do you agree to eradicate his memory? >> this is part of history and i agree with the president when he says that. history should be taught and remembered. neil: how can you be remembered if people don't go to those museums? >> it is not a place -- neil: what if you populate the park. >> completely different. barack obama is not someone who -- neil: the reminder of how far african-americans have come since those times. >> these statues were not
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erected after the end of a war. neil: why is it an issue now? >> because tensions reached a point where -- >> they have been -- let's remind ourselves they have been removed in places across the country over the years and hasn't been a big uproar. local municipalities chose -- neil: others didn't. what do you see? to your point we agree on this much, you can go too far with this but i had african-american guests on who would say is in the bigger issue how we are treating people today? the educational value seeing how far we have gone from that point? >> people need to be put in context of their era. what happened is trump derangement syndrome. we see that with nancy pelosi, she decided these statues have
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to come out of the capital. the story broke today that it was her father who dedicated these confederate monuments in baltimore. neil: is that with her father in 1948. my point was she has been walking by these statues for decades. >> there is nothing more evident that people are imperfect then nancy pelosi. >> look what is going on in our streets and going on for years. we have reached a point where this needs to happen to create healing. warner: the you don't there is an agenda item, the more we deflect and get into this the more unlikely it is this president can make progress? >> it isn't about the president. neil: not you but a lot of people. >> the president can't even get along with his own party, with mitch mcconnell, to get things done. neil: you don't think this is an overreaction? >> no.
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christopher columbus is an overreaction. warner: the don't just say that because we are italian-americans. >> i was thinking of this, my grandfathers the best my grandparent the holocaust survivors, they were welcomed into this country after surviving nazi germany and we are having this debate, but what kind of america do we want? neil: the president has so many prominent jewish financiers in his administration and at trump tower. >> i have been concerned about the president's reaction. neil: if he were bigoted in that regard, he would not have a single jew in his cabinet. >> i don't know what he is saying. >> if he were bigoted -- they would not be -- close to that. >> gary cohen is jewish in the national economic council but you see what came off today. we haven't heard from jared kushner and gary cohen said he
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was -- he drafted his resignation lever after charlottesville. neil: why did the president refuse? >> the president should feel ashamed and maybe he does, maybe apologized. neil: if he were anti-semitic he would happily take it. >> i'm not going to sit here and tell you the president of anti-semitic. neil: i would approve of it. >> he has made very concerning comments and i want to ask you these comments, have you been to germany? i have been to germany, berlin last year. when we go to berlin we don't see statues of nazi soldiers or hitler. those are in museums. >> you brought up the holocaust and i have been to poland and auschwitz. you know what they didn't do at auschwitz? they didn't remove it, they left up as a reminder of the experience with more powerful. >> a week on extreme? >> it is derangement syndrome. neil: hopefully we will get over this one way or another. i want to thank you all.
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we are waiting for this news from governor greg abbott of texas dealing front and center with what is going on with hurricane harvey. in the past that storm. >> things are not looking good at the moment. we are getting very heavy band, i'm losing my footing. it is hard to stand up here along the seawall. i want to show you what is going on because those whitecaps and stuff are because of this 65 or so mile-per-hour gusts we are experiencing, things can rapidly deteriorate. the rain has been coming down in buckets and that is the big concern we have heard over and over again. when you are talking about a category 2 storm the potential of this becoming category 3 before it makes landfall tonight
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into the early morning hours south of us between us and corpus christi. corpus christi is 200 miles to the south and landfall is projected to be slightly north of that which could put us on what is known as the dirty side of the storm and often the most powerful, the northeast quadrant, when you see those bands swirling on the radar as those start to his land it brings in all of the seawater and debris, washes up and spins it around, so the northeast side of a tropical system, particularly a hurricane is known as the dirty side of the storm. governor abbott is going to be briefing reporters and the public on preparations as far as emergency declarations and what people should be doing as we wait for harvey to bring its
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rasta texas. neil: bsafe, few people know these things better than casey. in the meantime we are waiting to hear from the texas governor. he will be see peeking soon. white house press briefing soon on what the white house is doing to prepare, things are moving fast and furious on all of this, we will keep you posted. ces that cause symptoms. pills block one and 6 is greater than 1. flonase changes everything.
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neil: waiting on a couple he events, greg at on that storm barreling down, harvey and sarah huckabee sanders, political ones on tax cuts in washington, amazon come monday you could be seeing cheaper whole foods goods because it will be formally part of that company and the price goodies have a lot of people looking forward to a lot of good stuff. here is what you need to know. of the 16 dierdre: a lot of people were like what are they going to do? that is a high price tag. amazon is taking over. i will give you the list of things you can have a big discount on. it goes against the whole thing. bananas, avocados, brown eggs. neil: at the store or online?
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dierdre: at the store, if you pay $99 a year for amazon you will get bigger better deals coming your way, the list is longer. neil: what about bananas or eggs? neil: you know the amazon infrastructure, it is already in place. dierdre: what amazon is doing with food is what they have done with everything else which is create customer loyalty, make you buy more stuff there. a lot of people only go to amazon for so many things now. amazon can really afford to give you all these things or sell them at such a low price, they don't care if they make money because they make a lot of money through cloud computing, amazon web services so all this stuff whether it is groceries or scotch tape or diapers, they can almost afford to do it at cost or take a loss. everyone else in this sector will suffer. neil: why do whole foods stores themselves -- dierdre: these prices will be
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their too. they had to do something. remember the joke became whole paycheck instead of whole food? they knew they had to do something so they will work in concert with amazon who owns them for these specific items out of the gate. neil: when they cut the price, whole foods still expensive. how much? will they cut the price? dierdre: competitively. it will be different at least in the stores, city to city but as far as the range it will still be at cost for whole foods and amazon for these stable items for now. neil: whole foods, they are used to something, they are going to be happier. will it entice new business? dierdre: that is the biggest open-ended question. what they are banking on his
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amazon has so much reach and so many customers that if you are paying for prime membership, $99 a year, you might try getting your eggs or bananas from whole foods, have it delivered to your door or get it delivered to a locker for people who don't live in the cities but who this hurts is everybody else, like kroger, safeway. neil: walmart and google are doing something to counter this. dierdre: google is trying to head amazon off at the pass, they have a partnership. google doesn't own walmart but they have a partnership and they have this google home where you can say order peanut butter and walmart will confirm the last brand of peanut butter that you bought, suggest the price or remind you of the price and it comes to your house. this is e sensually -- neil: on that price front walmart will be tough to beat. dierdre: it will be tough to beat but people are so used to do amazon and that is
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essentially what amazon -- neil: is you and i reported, mom and pop, earlier in the show, you have been hearing about it. at a competitive disadvantage. dierdre: they are because they are paying in new york city or any other city paying very high rent for their stores. amazon has warehouses in the middle of places where it is not as cheap or as extensive as the city. neil: whole foods doesn't have twinkies or hoe hose. dierdre: are you not interesting? neil: hickory forms offer this service. dierdre: i have not seen that. neil: earlier. you think it is going to work. dierdre: i think it will work. walmart needs a heads up and if you own other grocery stocks maybe you don't want to own them anymore. i buy yesterday and s&p grocery index which fell something like 5% on the day.
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neil: they are continuing to sell off today. she can process anything. the healthiest person we have. we are waiting to hear from greg abbott and sarah huckabee sanders, white house briefing, two briefings joined at the hip with harvey, a storm that could be a doozy, the most serious one in a decade. more after this. russ, leland, gary: yes. gary: i have a ford f-150. michael: i've always been a ford guy. potsch: then i have a real treat for you today. michael: awesome. potsch: i'm going to show you a next generation pickup. michael: let's do this. potsch: this new truck now has a cornerstep built right into the bumper. gary: super cool. potsch: the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. jim: aluminum is great for a lot of things, but maybe not the bed of a truck. potsch: and best of all, this new truck is actually- gary: (all laughing) oh my... potsch: the current chevy silverado. gary: i'm speechless. gary: this puts my ford truck to shame. james: i'll tell you, i might be a chevy guy now. (laughing)
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. . . . >>ed administration has been closely monitoring the situation. we want the american people fully briefed on this important
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news of the day. finally after all three of them wrap up i will be here to take a few of your questions on other topics. thanks. >> good afternoon, everybody. as you have seen the president signed a new executive order that strongly punishes the venezuelan reg regime. this order demonstrates more clearly than ever, that the united states will not allow an illegitimate dictatorship to take hold in the western hemisphere at the expense of its people. through the president's strong action the united states bill target the means with which the maduro dictatorship can accumulate debt to enrich its corrupt regime insider and perpetuate its repressive behavior. only six weeks ago, several million venezuelans voted overwhelmingly against the
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maduro regime plans to convene a constituent assembly that the venezuelan people never requested. the united states and the regional community stood in solidarity with the venezuelan people and demanded that their voices be heard. maduro chose to embrace dictatorship over his own people. as a result, a dozen of venezuela's neighbors gathered in lima, peru, and rejected maduro's actions. president trump promised strong action if maduro moved ahead and ignored his people's will. with today's announcement, the president is keeping his promise of strong action and continuing to show strong leadership. this executive order does not need to be permanent. the president has said that quote, a stable and peaceful venezuela is in the best interests of the entire hemisphere.
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we will continue to work with our friend and partners in the international community to support the venezuelan people until their rights and democracy are fully restored. now i turn it over to secretary mnuchin to describe this executive order in greater detail. mr. secretary. >> thank you. >> thank you. today's executive order demonstrates the u.s. government's condemnation of tyranny and dictatorship in venezuela. the maduro regime has consistently shown hostility to the rule of law, democratic institutions, and the venezuelan people. this has been a catastrophe for the country. nicolas maduro has financed his regime by hollowing out venezuela through economic mismanagement, corruption, and the assumption of onerous debt. let me be clear. today's action is focused on restricting the regime's access
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to american debt and equity markets. maduro may no longer take advantage of the american financial civil to facilitate the wholesale looting of the venezuelan economy at the expense of the venezuelan people. these measures will also undermine maduro's ability to pay off political cronies and regime supporters and increase pressure on the regime to abandon its disasterous pat. under the executive order u.s. persons are prohibited engaging in specified dealings involving the government of venezuela and its instrument altys. this includes state owned oil company pedevesa. these extend to transactions or activities occurring in the united states and cover both debt and equity instruments. in an effort to minimize the

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