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tv   Your World With Neil Cavuto  FOX News  May 2, 2023 1:00pm-2:00pm PDT

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don't care about this. so when you get extremes, when you get extremes, it's good. because that is the clarity that we need. we need to sea that's not america. that's not normal. >> i think he was making fun of the whole thing in his own way. thanks very much. that's "the story." thanks for tuning in. we'll see you back tomorrow. "your world" starts right now. >> neil: all right. hard to compete with that. we're going to try anyway. what's going on at the border, nine days away from title 42 going away and 1,500 troops about to head there. this is "your world" and i'm neil cavuto. what to make of a growing crisis at the border and a spike of migrants and one that will be really severe. let's go to brownsville, texas. that's where you'll find griff
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jenkins. hi, griff. >> that surge coming in nine days. guess what? it's already here. that's why border officials are applauding the fact another 1,500 troops will come down here and assist and transport in an administrative role. when you have these surges, logistics are a big part of getting it under control. let's take you to the sky drone, this is brownsville, ground zero for the surge right now. what you're looking at is cam n monument. the blue and white tent. along the road here, the buses pull down and they get the migrants which are coming in droves. more than 2,100 migrants were in this camp right where i'm standing. usually they have 200 or 300. we've been on the river. let's show you migrants, 90% are
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venezuelan with the split screen. you can see the texas dps officers, the next national guard, border patrol trying to deal with. the other said, there's women and children getting on his crafts crossing dangerous currents. they're coming in unprecedented numbers here. at the same time, we have the white house, press secretary jean-pierre saying illegal immigration was down 90% and doubling down, even accusing peter doocy of being dramatic in his questioning. here's what she said. listen. >> i'm doing to answer. i was speaking to the parolee program that the president put in place to deal with certain countries on ways that we can limit illegal migration. we have seen the data has shown us that it's gone down by more than 90%. that's what i was speaking to. >> i don't know for the life of me, neil what data she was looking at. let me show you cbp sources
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sharing with fox news the fiscal year to date of people that have illegally crossed our border and illegally in the country and encountering our border patrol officials, it's up 136,000 this fiscal year compared to last fiscal year. last year was the highest ever on report with more than 2.2 million on the year. back out here, i just wanted to show you the drone shot one more time, this is the levee that goes down to the river. this is a hot area where they think they're going to have this upwards of 10,000 or more migrants coming across in nine days when title 42 lifts. make no mistake. we're clear about the definition of what the border officials say is an illegal crossing and illegal immigration. it's when you come across particularly between ports of entry without authorization and land on our shores. at that point we have to deal with you. i saw a twitter from cbp that says if you're coming illegally, you cannot stay.
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most people that apply for asylum will not be successful. so they're sending the message. but apparently the message isn't understood at the white house and the consequences don't match the words. so the border officials here don't believe anything will change as we get closer and closer to the may 11th date. neil? >> neil: thanks. let me emphasize something that we point out. we get our numbers to the u.s. border patrol. they answer to the secretary of homeland security. the fact of the matter that is over the last ten days, we've seen 73,000 migrants cross the southern border. that's the last ten days. extrapolating on this, we have seen more than 22,000 people apprehended in just the last 72 hours. we can take that down. this is coming in now. we've had better than 16,895 got-aways. so that puts this in dramatic perspective. these are numbers coming in in just the last few minutes.
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after title 42 ends, some fear that we could be seeing upwards of 13,000 illegal immigrants trying to cross the border per day. per day. peter doocy at the white house and how the administration is responding apparently we're told with upwards of 1,500 troops for that day. peter what is the latest? >> neil, some of the 1,500 troops on this 90-day long deployment will start arriving as soon as next wednesday. the administration is starting to explain how exactly this advances a promised more humane immigration system. >> president trump ordered 5,200 u.s. troops to fortify the border. at the time democrats and former military officials and officers came out against that saying they were being used for political reasons. how is this difference? >> yes, so, you know, my focus is on talking about what we've been asked to do and what we're doing.
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clearly dhs felt that there was a need for the department of defense to assist. >> the pentagon is saying the troops will be armed for self-defense, not for law enforcement. this order does seem to conflict with secretary mayorkas' testimony last month that the border is secure. >> the border is secure as the administration has said. why would we need to send 1,500 active duty u.s. troops down there? >> because we need more work. more work needs to be done. you've heard from dhs, the state department on what we're putting in place to deal with the border once title 42 lifts. >> giving an order to send active duty troops anywhere for any kind of a mission is a big deal. nothing from president biden about this today. he's not been seen at any public events. he's not been seen on camera, period. the white house told us that they had a lid for the day at 2:22. neil?
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>> neil: a lid for the day, explain for folks back home, that he's done. >> that means that he's done. the press pool that's been assigned to come here and take video or take still pictures of him or ask him questions can stand down till tomorrow. >> neil: all right. i have to incorporate a lid on my day here. see how that goes. peter, always good seeing you. that's a nice lid for the day. let's go to john thiessen, the national border patrol council vice president. what he makes of this. john, when i look apartment some of the numbers and you notion these better than do i, but they're expecting quite the surge once title 42 goes away in nine days. even these figures up to 13,000 a day who could be blooding the border. what are you looking at? >> frankly we're trying to figure out how we're going to get through this. last month, we were averaging
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something like 6,000 a day. like you mentioned, just in the past ten days, that jumped 7,300 a day. we're already basically on par with our worst months last year. so you know, we've always been afraid when title 42 goes away, we'll see a repeat of that migrant camp that we had in del rio. like griff showed in brownsville. that's the beginning of this. so you know, we don't have any solution from dhs other than to just process more, i suppose. agents are frustrated and we're back where we are at our worst last year. >> i wonder, john, these 1,500 troops, we already know from mexico that they weren't too keen on the idea of sending troops down to deal with the drug and related issues at the border. probably won't be greeted any more favorably with this news to deal with this surge. do you anticipate problems? >> no worst than it's already
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been. the government of mexico is not cooperating. we'll take whatever help we can get. i don't know that it will change a lot. i don't know how much worse it could get in terms of mexico's help. it's not making a difference. while these numbers are start to sky sky rocket, people are running. we had a bail-out into a school campus in bracketville, texas this afternoon. it's going to keep happening. >> neil: so the troops that will come down, how will they assist or work with your guys? >> it's different every time. a lot has to do with logistics. sometimes they're there to maintain a presence in a certain area to deter people from crossing. they've been posted to help with rescues. they help out. it will change. be different from sector to sector; you know. every pair of hands is an
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improvement. >> neil: have we gotten any word on this mexican fugitive that is behind five murders? he was deported four times. how does that keep happen something. >> this is an unfortunate side effect of having not enough border patrol agents on the ground and the technology to detect them. people will get caught and then deportand they try again and again and again until they get in. who knows when he finally made it across again. this is what happens. they cross illegally, especially people with deportation history and going somewhere in the interior and we don't know about them until something bad happens. this is the frustrating part. we see who we do arrest and the criminal histories of some of them. we know more is getting away, this guy is a perfect example of that. >> neil: is it fair to say he's back in mexico on hiding on this
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side? >> i'd be very surprised if he tried to stay over here. at this point, he's maybe trying to go back to mexico to blend in. >> neil: amazing. thanks, john. it's going to get worse as you said and you'll be busier if that is remotely possible. meantime, draw your attention to the corner of wall and broad. we had a sell off. 367 is a lot of points. it's a little more than a percent. it was worse. all on bank fears. remember when we had j.p. morgan chase? other banks could be in trouble or need help again as well. and it's conjuring up images of 2008, 09 after this. did at the . i hired local talent. if i knew about upwork,
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>> neil: it just drags on and on and on. i'm talking about banks. just when we think we've gotten over the worst of it, along come fears that there's other regional banks in trouble. the pac west the bank mentioned today. others bolting and trying to protect their money. add to that, concerns that the
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debt ceiling isn't getting any closer or al least closer to getting resolved. more on that later with senator john thune. for now, the anxiety of palpable. we saw it up close and personal. let's just say it was a lot uglier earlier. connell mcshane has more. >> it was worse earlier. you could feel the sense of nervousness coming back to wall street today after what was really at the end of it a one-day sign of relief after first republic was purchased by j.p. morgan chase. we saw the selling resume for the regional bank stocks. we found out the senate banking committee will have a hearing on the banking issues thursday of this week in washington. those worries have been combined with the looming fed decision on interest rates and more signs that, you know, just the economy is slowing down, including new data that came out showing job openings falling. you mentioned pac west.
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that did lead to the sell off alongside western alliance, another regional bank. another regional lender. that is seemingly a sign that investors are looking at this what is next? which bank might fail next? what is worst noting about these banks, both recently posted relatively strong earnings which you think might calm investor concerns. that was not the case today though. the other issue hovering over this market is that debt ceiling. speaker mccarthy, president biden, everybody in the discussions over whether to raise the debt ceiling. the cost of insuring government debt. that is there and the backdrop for this is the interest rate environment with jerome powell and the federal reserve. still higher interest rates concerned. chairman powell will raise rates again possibly tomorrow. you'll hearing more and more from investors that there's real questions about maybe the fed should pause after that.
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also the expectation that the chairman should comment on this banking turmoil tomorrow afternoon and a banking committee hearing on all of these issues set for thursday. back to you. >> neil: thanks. connell mcshane. so believe it or not, we shifted in the last 24 hours, if you will, worry about inflation and how long the federal reserve can keep rating interest rates to growing concerns that we're slipping into a recession or things are dramatically slowing down. the latest jobs figures show a dramatic decline to 9.59. these are the so-called job openings. we would envy that more than a couple years ago. the fact of the matter is, the third down month in the row and well off of the highs of 12.7 million a little more than as i say, 2.5 years ago. so what does that portend for the economy and businesses really beginning to tighten up
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in this environment? alan knuckman is here with us, gary kaltbaum also. let me get your sense, alan, just a trader looking at this. people are now all of a sudden saying that we have got a real slow down to worry about and the fed and whatever it does tomorrow, assume a quarter point hike, that is not the issue anymore. concern that it's not only succeeded in doing what they wanted to do but could be overdoing it. what do you think? >> well, i do like you putting this in perspective. that tells us the last time that we talked about this, it was not 2009 all over again. this is an isolated incident. we're 5% above where the market was at that particular time. so the market is not, you know, that concerned and actually moving positively since our first bout. these are banks that broke themselves. it's also a technology story. people have the ability to move
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their money very quickly at any time. the big boys, if you look at their earnings that came out a couple weeks ago, they made billions and billions. they have added billions and billions of assets. this just happened to be someone chose not to hedge themselves properly. that's not a hard thing to do if you're a bank, if you want to do it. svb chose not to and they suffered because of that. >> neil: i'm wondering if there's other shoes to drop in that bank ago rena, gary. to me it looks like a very slow moving train wreck. it certainly is nothing at the speed and just the awe inspiring drop-off that we had in the meltdown. very different. this goes on and on. it's like a drop, drop torcher like which bank will be next, whose depositors will bolt next what do you think? >> unfortunately, i think there's more shoes to drop. it's simple. a bank is a bank because of their depositors. if the depositors leave, that's
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party. apple just announced a high-paying savings accounts. guess what happened? they took in a billion dollars in the first few days. just remember, this is for riskless income investment. people want to know their money is at risk. now you have a situation where j.p. morgan sat and waited, first republic was out, get it first song, got guarantees on the real estate and guarantees the big banks will sit on the sofa waiting for the next shoe to drop. all they have to do, just watch stock prices. if the stock prices continues to plummet for some of these smaller mid size names, the market will come for them, the depositors will leave and j.p. morgan which has 17% of all deposits will ends up at 25% one day. good for them. they're doing the right thing. >> neil: alan, let me get your views. most think it's a quarter point
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hike. everybody is waiting to hear the fed chairman's statement afterwards and whether he's done for the rest of the year. you think he will be done for the rest of the year? >> maybe. i think we're very close to being done. we're a lot closer to being done than we were at the start of the cycle. the stock market, the s&p is down 15% from its all-time forever top. we've had this enormous rate increase rogue for the last year. i look as it as a positive. it's what the market didn't do. we're more off the bottom than the top. gary is correct that this is natural selection. if you're a bad bank, you'll get swallowed up by someone that know what's they're doing with money, this is technology. an sample a perfect example. people have the choice with a click of the button to get the yield. risk-free yield of 5%, this is a unique time in market history. but again, when it comes back to it, i'm all about what the market is doing and not doing. we have earnings season rights
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now. 80% of the companies to beat. 75% have beat on revenue. we're seeing revenue growth while earnings decline. so companies, stocks, are doing very, very well. if you want to get in to those banks, kre regional bank, 40% off of its february high. the p.e. of it is down to 7. 7. so those banks as a basket are inexpensive. there's individual stock risk if you're going to take that. >> neil: he was referring to p.e., a price earnings gauge. judges how many a stock is worth. right now it's 7. the price at 7 times during that, that's pretty good and entuesdaying. we shall see. the read from senator john thune on this big pow-wow, the house and senate leaders at the white house discussing the whole debt situation. maybe coming up with something.
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these hollywood writers are striking over benefits and pay that are just not up to speed. a loot of late night comedy and variety shows are in reruns after this. huh? this is dr. grip from pilot. the #1 wide-bodied ergonomic pen and the answer for hands that suffer from writing fatigue. the ergonomic, latex-free, cushioned grip and balanced design make dr. grip the only pen certified by the arthritis foundation for ease of use. so get dr. grip. your prescription for writing comfort.
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(vo) verizon small business days are back. april 27th through may 3rd. get a free tech check and special offers. like a free 5g phone. get started today with verizon business. it's your business. it's your verizon. >> neil: now we know why president biden has invited congressional leaders and kevin mccarthy to the white house. we're about to run out of dough. right now nobody wants to take any chances, so talks will move on as to whether there will be any progress, we'll raise that with john thune in a second. first to chad pergram to lay out
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where we stand. chad? >> neil, good afternoon. the government could be unable to pay its bills in less than a month. no one is budging from their positions. in fact, they may be digging in. >> given the limited time congress now has, it's clear that the only practical path to avoid default is for congress to suspend the debt limit without conditions. during his meeting with the leaders, the president will discuss initiating a separate process to address the budget and appropriations. >> senate majority leader chuck schumer is not committed to moving a house debt ceiling bill. he could strip out the gop language and replace it with spending cuts. >> we're going wait till our meeting on the 9th and then we'll make a determination. after we pass a clean debt
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ceiling bill and get the debt ceiling bill moved way back, then we could use this bill for a proper discussion of the appropriations and budget process. >> mitch mcconnell will attend the white house meeting next week. mcconnell will not engage with joe biden. he leaves the talk to the president and the speaker. >> what exactly are you for? are you for the house republican bill? >> i think what the house passed makes a lot of sense. there's no solution in the senate. >> house democrats are attempting parliamentary gymnastics. they want to go around mccarthy and force a vote on a clean debt ceiling bill. the maneuver is called a discharge petition but it needs 218 votes. democrats only have 213. as we say, it's all about the math. neil? >> neil: yeah, looks like pretty dicey math there. to senator john thune right now,
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the senate minority whip. good to have you. you think extending this beyond the president and the speaker is essentially a waste of time, right? >> well, i guess what i would tell you, neil, is that in the end, anybody that is in that room other than the speaker of the house hand the president of the united states probably is someone extraneous to what needs to be done here. it has to be a deal negotiated with speaker mccarthy and the president. the senate's role would come into play if and when there's a deal that would have to be voted on in the senate. until they reach agreement for all intents and purposes, the senate really is -- we're observers at the moment. right now it has to be between the speaker and the president.
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>> neil: you were speaking with the president and mitch mcconnell and 7 out of 10 times we've been in this situation, there's been budgetary adjustments, this is a rare occasion maybe by design, sir, where republicans in the house pushing this wants and immediate quid pro quo. we raise the debt ceiling, the cuts into into effect. that's never been done. that's getting the wrangling from the white house. where is the middle ground on this? >> there have been -- the budget control act in 2011 came out of conversations around this topic and ultimately led to spending reductions. what the house is trying to achieve here -- >> neil: didn't immediately, right? the only reason i getting a nuance like this, the democrats say they're trying to play a different game here. what is the procedure going forward that you think would work? >> i think that sitting down and actually negotiating out something that would represent
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meaningful attempt to address the debt itself, what they want is just to increase the debt, keep spending, keep borrowing, keep taxing. what i tried to point out today, look at the next ten budget years, every dollar we borrow, 50 cents will be used to pay interest alone. look at the amount we're paying for interest in 2010, we paid a little under $200 billion a year in interest on the debt. in 2022, we paid $475 billion just in interest on the debt. that's 142% increase in that short amount of time. this is not sustainable. we have to do something to address the debt. what house republicans and what senate republicans supporting them are saying, look, this is a divided government, requires negotiation. you want to increase in the debt limit, let's do something about the debt. incorporate some spending reforms and budgetary restraint as part of that process. >> neil: where democrats say this is a nonstarter, senator, this idea of setting
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discretionary spending levels at 2022 levels. say that won't happen. limiting spending growth to no more than 1% a year. not going to happen, this is from chuck schumer. even talk of clawing back $100 billion in unspent covid money. not going to happen. that was a reasonable request because the money is unspent. it just makes me wonder about whether any deal could be had before june 1. are you afraid that, you know, both sides are stuck in their positions here, we're going to default. >> and that doesn't need to happen. it can't happen. for that not to happen, the president has to step up to the plate and do what 65% of the american people want him to do, and that is negotiate spending readministration. 58% of democrats agree with that. you mentioned it. clawing back unspent covid
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dollars. why is that hard? that yields immediate savings. they're talking about work requirements in some of these government programs, particularly for able bodied adults without children that is a sensible reform. talking about permitting reform to make it easier to get energy projects started and make us less dependent on foreign energy. those are reasonable, should be bipartisan items that as they sit down at the table, they ought to negotiate out. i for one think we also ought to have the spending restraints in there in the future, the things that the house has talked about. there are things on which there ought to be agreement. the fact of the matter is, they cannot one, ignore it. that's an unsustainable position or two come to the table and say it's a clean debt limit or else. that's not where the american people are. that's not where the country is right now. we're $31 trillion in debt and spending almost half a trillion
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a year on interest payments on the debt. we have to draw lines here and start getting this situation under control. that starts with these negotiations between the president and the speaker. >> neil: i'm so old, senator, i remember when it crossed a trillion dollars, debt, with ronald reagan. i thought that was such an incomprehensible number. i'm older than you. what the heck? >> you're a lot older. >> neil: you're just handling it better. thanks, senator. we'll see where this goes. with are getting close to something. this debt, if you think about it, this trillion dollar when ronald reagan was there and now 31.4 trillion likely with all the added spending that is tucked in both of these measures that both parties have, trillions more that could send it up to 45, 50 trillion in ten years. go figure. meantime, go figure hollywood writers on strike. some of your favorite late night shows minus gutfeld is not
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>> all right. a lot of hollywood writers are striking over pay, benefits. prompting a number of late night television shows, variety shows to stall production if not halt it entirely. how long this goes on is anybody's guess. william la jeunesse following from culver city, california. william? >> this is what you see. some 11,000 screen and tv writers going out on strike. amazon is here. sony is around the corner. so what is it about? let's go to the sticking points. writers want a 16% across the board raise. that's for streaming, networking
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and cable tv and higher residuals for a number of viewers. studios offering 9% but no residuals for streaming. studios want the freedom to pay writers on a day right. writers say artificial intelligence can no touch a script or rewrite. studios is saying that is something that we'll talk about. the talks come as streaming wars or subscribers have studios hunting for profits. >> the companies say look, we're spending billions to build out these platforms. it's a very tight economic position. the writers guild response is if you're going to spend billions to build worldwide enterprises based on our content, we need a fair piece of that. we need to sustain careers.
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>> impact on viewers. late night talk shows except for gutfeld all cancelled. soaps will be next to disappear. many popular series have shows going on. what you will see more of is news, sports, reality, game shows, reruns and hits from europe and asia. the last writers strike lasted 100 days, this one could be longer because both sides are far apart. the writers want about $400 million. studios offering $86 million. back to you. >> neil: the last time it didn't involve streaming or new technologies. this sounds like something that to your points could drag on for a long time. >> yeah, it doesn't hurt just the writers. for every writer, there's ten people catering, the florist, production crews. they all will get hurt if this
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continues. back to you. >> neil: thanks, william. now i understand what's going on there. makes sense. there's another strike that could happen in the airline industry. this one could be a big one. and this one could disrupt you. it has nothing to do with any late night comedy. it could be a real daytime for row show. we'll explain and explore after this. ♪ limu emu & doug ♪ hey, man. nice pace! clearly, you're a safe driver. you could save hundreds for safe driving with liberty mutual. they customize your car insurance so you only pay for what you need! [sfx: limu squawks] whoo! we gotta go again. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ not that into saving, are you? -whoa, dude... -money. cuz... cuz you paid too much for those glasses.
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>> neil: american airline pilots have voted to strike. that doesn't mean they'll strike. 15,000 pilots could walk. captain ed is here from the pilots association. very good to have you, sir. where does this stand right now? >> thanks, neil. i appreciate you having me on. look, we've been negotiating over four years now. we're still not at the end of this process. this is the first step of the process of a strike. i'm hoping and our passengers hope it doesn't get to that. that's where we're at right now. >> neil: what are the issues here, captain? >> well, you know, our issues right now are basic scheduling reliability, quality of life
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issues, forced productivity issues. these are the things that leave us stranded. thinks are the kinds of things that leave our passengers stranded in the airport. we don't want a repeat of last summer when this operation was stretched so thin, the slightest disruption just sent ripples through the system leaving our passengers stranded all over the place and the pilots in the same boat. we have a record number of pilots being flown in days off, being restricted from trading trips. all of these issues, these are the issues that we're at a loggerheads with. >> neil: so you say you hope to resolve this. we did contact american airlines. they said we remain confident an agreement for our pilots is within reach and can be finalized. the finish line is in sight. pilots want a deal done. the respects don't change their
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commitment to distract them to work working expeditiously to complete a deal. where are you on that? >> we've been working for four years and proposing win-win situations. how is it that management has been expeditiously working to solve this issue? it's to the ceo. he can solve this in a minute if he wanted to. don't tell me after four years that they're working to close this out. it doesn't add up. >> neil: could this disrupt the travel season? could your members walk? >> absolutely. >> neil: when would that be, captain? >> well, it will be a repeat of last summer if things continue the way they're going. you remember last summer with record cancellations, record delays. we don't want to be there. we don't have to be there. we have some proposals at the table that we researched. we fly the airplanes.
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you want to know how to make a reliable operation? talk to our pilots. we've been speaking about win-win solutions now for years. last summer our ceo made an agreement. when our trip system melted down that allowed us a more effective utilization of our pilots over the thanksgiving and christmas holidays. we sailed through the holidays. the pilot cancellation rate was zero. look what happened across town to southwest? these are the kind of solutions that we have at the table and we're just befuddled as to why management won't agree to them. >> neil: we'll be watching very closely and hope to get management on. captain, keep us posted captain ed sicher. meantime, days ahead of the coronation of king charles, we're learning of a man arrest ed outside buckingham palace with a suspected weapon.
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a controlled explosion was carried out as a precaution outside of buckingham palace after the man was arrested. we're told king charles and queen camilla were not in attendance at the palace at the time. everything is all right. obviously some skittish developments days ahead of the coronation. we'll keep you posted. more after this. new patio sets, new pillows. i can keep going if you want me to. you got this. and we got you. ♪ the all-new chevy colorado is made for more. bring more. ♪ do more. ♪ see more. ♪ and be more. ♪
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♪ >> neil: billy joel still does sold out concerts at madison square garden. good luck funding new yorkers to stick around to watch him in this environment where so many are bolting the big apple and other high tax states. fascinating study in the "new york post" that outlines it all that the states adjusted gross income continues to shrink year in and year out as people bolt. some of the biggest benef beneficiaries are states like florida. not to surprising. we have a chairman and ceo of a power house restaurant group. that is a weird one. i can understand the high tax rate, but a lot of these numbers don't include 2022 where really accelerated. it's uncanny. all of these states that deal with high taxes and all of that,
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the revenue loss is substantial and it's building. what do you make of it? >> i think with every loser there's a winner. so as the wealthy evacuate or bolt as you say for the florida, texas, et cetera, i've been tracking this very carefully, it wasn't news unfortunately to me. i think there's opportunities. who feeds the masses. who feeds the people who are left here in new york city that need to have value? so we have 2 for 25. two people can eat for $25. late night appetizers. >> neil: so you're talking about applebee's and others. that's you're business. >> i apologize. >> neil: your restaurants are crowded. you need that hook to get them. >> yes. and value is the hook.
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what i'd like to think and what i talk to our people, let's give four star fine dining at applebee's pricing. the casual dining space, which i won't name my competitors, there's huge opportunity for the folks that can't afford to pick up and move to another state because of their tax issues. the wealthy, $39 billion. that's a lot of infrastructure, neil. >> neil: if this continues at this pace and people still bolt, a lot of the high tax states a lot of the high tax states say, you know, it's moderating. i haven't seen numbers to show that. play that out for me a few years from now. >> that's a really good question. i wish i was that smart. it took years to get here. started probably in the de blasio administration with, you know, demonizing the rich, tax the rich. they'll pay for everything. nobody recognized was the risch
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don't have to stay. the rich can afford to leave. >> neil: and they have. >> and they have. the folks that are left behind is the working folks, the people we feed. somebody has to feed those people. that's value. value with great service. >> neil: to those folks, are they beginning to cut back on things? maybe not order the appetizer, the dessert? >> that's why we try to push value more. you're right. we can tell, neil. you and i talk often by what they order that they're ordering high priced steak or ribs or chicken fingers. they still have to eat. the good news is, you cannot stop eating. it's a habit that you get in to at birth and you never kick it. >> neil: so you see this playing out in states like california, other big blue states where the taxes are high. you don't see that unless they change their policies, right? >> exactly. that will take forever. one of your earlier guests said
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it's all in the numbers. it's simple. so as they lose the money, the income for infrastructure, they have to pay more like the banking crisis. you have to pay more. interest rates going up, all the rest of it. >> neil: i lost my appetite. thanks very much. good seeing you, zane. >> thank you. my pleasure. >> neil: a restaurant tour. very successful. here's "the five." >> greg: hi, i'm greg gutfeld with jessica tarlov and jesse waters and make sure she's not in your pocket, dana perino and judge pirro. this is "the five." joe biden is sending in the troops. 1,500 active duty soldiers are heading to the border. they will get there may 10, a day before title 42 expi

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