Your world with Neil Cavuto 8/7/24 FULL END SHOW | Fox Breaking News August 7, 2024
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00:00Thank you, Trace. Well, stocks were rebounding, at least for a while. The newly minted Harris-Walz
00:05ticket off and running, and Democrats hoping for a lot longer than a while. We connect
00:10and you decide, because get ready, this is getting very interesting. Welcome, everybody.
00:15I'm Neil Kovido. We're going to have billionaire investor Ken Fisher making sense of these
00:19crazy markets. We were up a lot today, finished down a lot today. But first, to Grady Trimble
00:23in Detroit on how the Democratic team is kind of ignoring the stocks. To you, Grady.
00:31Hey, Neil. Vice President Kamala Harris just wrapped up her rally in Eau Claire, Wisconsin.
00:37She and her now running mate, Governor Tim Walz of Minnesota, are heading here to Detroit
00:42for a rally this evening. And you can see the crowd is already filling in, and the mic
00:46checks are underway. Progressives like Alexandria Ocasio-Cortez, the congresswoman from New
00:53York, are praising Kamala Harris's VP pick, Tim Walz, calling it a watershed moment, saying
00:59he supports policies that people like AOC support. Former President Trump, on the other
01:06hand, says he could not be more thrilled with Vice President Harris's selection of Governor
01:11Walz because he says Walz has a bad record as governor of Minnesota. Harris, meanwhile,
01:19is focusing on the economy while she's on the stump. But she's not mentioning any of
01:25the criticism from Republicans that the spending by the Biden-Harris administration is what
01:31fueled inflation.
01:34This campaign is not just about us versus Donald Trump. It's about two very different
01:42visions for our nation. We fight for a future where every worker has the freedom to join
01:50a union, a future where we build a broad-based economy, and one where every American has
01:58the opportunity to own a home, to start a business, to build wealth.
02:05The Harris campaign, and more broadly, Democrats, are hoping that Walz will have appeal with
02:11working-class folks here in Michigan and other Midwestern states, even though he's not from
02:17one of those key swing states like Pennsylvania, Wisconsin, or Michigan. But in a state like
02:23Michigan, where the auto industry and, more broadly, blue-collar jobs are so important,
02:29Republicans argue the policies that Walz and Harris support aren't popular among auto workers.
02:37It's not going to sell well here in Michigan, and we're already worried about what they're doing.
02:42We're already worried about EV mandates that send jobs to China on the backs of our workers.
02:51Okay, so that's the Republicans' case, but Neil, I can tell you that there are a lot of United
02:55Auto Workers members in the crowd. You might be able to see them wearing their red UAW shirts,
03:01and their president, UAW President Sean Fain, will be speaking tonight at this event as he
03:07tries to rally auto workers behind the Harris-Walz ticket, even though they don't like policies
03:14like the EV mandate that President Biden and his Vice President Kamala Harris put into place.
03:22All right, Grady, thank you for that. Fair and balanced, what the Trump campaign is up to right
03:25now, and also focused on Wisconsin. You notice that's coming up a lot, not only Wisconsin,
03:30Michigan, all these other battleground states. Madison Albrecht has more from Wisconsin.
03:37Hey Neil, so as you just saw with Grady, the campaigns have moved on, but
03:41this afternoon in Eau Claire, Wisconsin, both campaigns were here, and the regional airport
03:46was very busy. Senator Vance touched down not long after Kamala Harris, and he actually walked
03:53over to Air Force Two to take a look. He said he wanted to take a look at his future plane,
03:57and to also ask Harris why she isn't doing any interviews with the press.
04:02The senator wants Harris to answer for policy decisions that he says are hurting Americans.
04:08She cast the deciding vote for the so-called Inflation Reduction Act that sent a lot of our
04:13resources to China and sent interest rates through the roof. She cast the deciding vote
04:18for the very policies that made groceries and gas and housing less affordable for American citizens.
04:23President Trump echoing the concerns on Fox and Friends this morning
04:27that Harris has not been held accountable by the media
04:30for her flip-flopping on key issues like energy and crime.
04:35She's for no fracking, she's for defund the police. You know, she's a big, she was the
04:39original defunder of the police. She was the original no cash bail, cashless bail,
04:45which has caused havoc.
04:47With today being the first full day of an official VP Democratic pick in walls,
04:54I was able to ask J.D. Vance if he would commit to a VP debate. Harris had previously agreed to
05:00a debate on August 13th when she was vice president at the time. Take a listen to his response.
05:05Okay, so here's my offer to Kamala Harris. If she'd like to do a VP debate,
05:11at the time. Take a listen to his response.
05:13Okay, so here's my offer to Kamala Harris. If she'd like to do a debate with me on August 13th,
05:18I'll do it, right? We should do that, right? I don't think she wants to anymore. We don't know
05:22who the vice presidential nominee is going to be either. He's got a lot of skeletons that are
05:27coming out of the closet today. And we'll see if the Democrats pull a bait and switch on Tim
05:31Waltz or on Kamala Harris, just like they did with Joe Biden.
05:34So both campaigns were here in Wisconsin because the latest Fox News polling shows
05:41that this state, when it comes to all the competitive states, is currently a toss up.
05:46So both sides trying to make their pitch to voters so that they can gather those votes in November.
05:51Neil?
05:53Yeah, each each one of the last couple of presidential elections,
05:56it's been 20,000 votes that have decided it in that state. It's amazing.
06:00Madison, thank you very much. Madison following all of that.
06:03Let's get the reaction where these polls are telling us this is going still very,
06:07very early, as they both like to remind me. Doug Schoen, the former Clinton advisor,
06:10Democratic strategist and pollster. Lee Carter, GOP pollster. So Lee, it's all about the passion
06:16and bringing out your base. It's safe to say that so far Democrats have succeeded in doing that.
06:22The big question is for how long that momentum can continue. Obviously, you're getting signed
06:26from the Kamala Harris camp that maybe right through the Democratic convention and get a
06:31bounce out of the convention. What do you think?
06:35Well, I mean, it's been a massive shift in enthusiasm. I mean, what we saw,
06:39what we've seen over the last 17 days, we had 17 days ago, the voter enthusiasm among Democrats
06:44was in the 30s. Now it's in the 80s. I mean, it is a massive, massive turnaround that cannot
06:49be understated. At the same time, despite that surge in enthusiasm and all this excitement,
06:54what we're seeing in the polls is a shift to just a couple of points. Yes, Kamala is ahead.
06:59There is no question about it, but we're talking about a shift in three points and that could
07:05really change at any time, at any moment. We haven't really been hearing a whole lot from
07:09Kamala in the last 17 days. A lot of it's been done in social media and pre-recorded videos
07:16online, a lot of advertisements. Now we're starting to see her back on the road and we'll
07:21start hearing more directly from her, but we haven't heard interviews. We haven't seen debates.
07:25We haven't seen a lot of the things where she typically struggles. So I think it's going to
07:28be interesting to see how long this momentum does last. Doug, the one thing that she has done is
07:35stop the bleeding of voters who were disappointed, maybe even just chagrined and not thinking of
07:42voting at all with Joe Biden, but that has stopped. She's rallied the base again. She's jazzed them.
07:48Now what? Well, that's a very good question. I think, Neil, that you're going to see more
07:55of the same because while Lee is right that she hasn't done interviews or done debates,
08:03my response would be, why should she? Meaning if she's going up in the polls and enthusiasm
08:10is increasing, she has her stock speech, which seems to be working until there's a reason to
08:17change her approach. I don't think she's gonna. I think Donald Trump is off, been off kilter.
08:25The messaging today is getting better. What I heard from President Trump and from Senator
08:31Vance is where their campaign needs to go. But it's been 10, 12 days since they've been able
08:37to get back on message. And right now, as Lee and you suggest, Vice President Harris has a
08:45narrow lead tied in the swing states. But things have been moving in her direction.
08:51And you learn in politics not to change your strategy till you have to.
08:57I'm just wondering, Lee Carter, part of that strategy means you're reintroducing yourself
09:03to the American people. Now, of course, in the case of Governor Walsh, most people don't know
09:07him. I believe 70 plus percent of Americans totally unfamiliar with him. So he's sort of
09:12like a blank slate. How do you think that is going thus far? Well, I think that Kamala and
09:19Democrats have an opportunity to sort of create what they want to create out of him. He is a
09:24relative unknown. He's very likable. You saw last night when he was introduced, she really focused
09:31on his resume. He was a teacher. People call him coach. He was in the military. He was all of these
09:36things. He seems like such a nice Midwestern guy. The right right now is really trying to paint him
09:41as a radical lefty and saying, you know what, this is a real symbol that Kamala Harris has decided
09:47not to go center but to go far left. And so it's going to be interesting to see how he does get
09:52defined and how he is framed. But ultimately, when you look at some of the polls on how he did
09:57in his own race in Minnesota, I think it's really interesting because in areas that Obama won
10:01handily, he didn't. He hasn't really won over the Trump voter as much. They're trying to say that
10:07he's that sort of middle of the road. He can get to that sort of Trump voter. The evidence isn't
10:12there to suggest that that's what he did when he was elected governor. So I'm not sure that he is
10:17going to have that kind of appeal when people start to see his record. But it's, you know, he
10:21who frames the race wins the race. And so right now we're going to have to see how he gets framed
10:25up and what sticks. You know, 20 years ago, you could make the argument that he took a very red
10:31district and made it blue by winning that. So that might have been the last time he had an
10:35opportunity to do that. But you raise a good point. Doug, I am curious about these markets,
10:40crazy as they are. And we're going to be discussing with Ken Fisher, the successful
10:44billionaire investor, what he makes of it. But normally, if that drags on, and we've seen in
10:49other cases, it is not good for the incumbent party. I'm not saying that that's the way we're
10:53going with this crazy market. But of course, we've seen in the past how it does, the longer it goes
10:59on, affect voters and their sentiment. What do you think? I agree, Neil. Look, inflation hasn't
11:07gone away. Price increases have been clear 20, 25 percent since Biden and Harris took office.
11:16Volatility is not the friend of the incumbent party. Uncertainty is not the friend of the
11:23incumbent party. And with Biden's approval rating below 40 percent, you still have to make,
11:30as the betting markets are, Donald Trump a narrow favorite to win the election.
11:35That being said, Trump has to stay on message, use the issues that work to his advantage on
11:41the southern border, on crime, on the economy. So far, he's not done that successfully.
11:49If he can, he should be the favorite. But right now, we're effectively in a dead heat.
11:54And if we get 300 points up, 300 points down through the rest of the campaign and the VIX goes
12:00up, it will not help Kamala Harris. All right. We'll see, guys. We just don't know. The VIX,
12:06to which he was referring, is sort of like a fear gauge that a lot of people bet with their own
12:11money. They were a little more fearful today than they were yesterday. In fact, it's really weird
12:15just following these markets. Thank you, guys, both of you. Putting it in perspective, if Monday
12:20was like a manic Monday, if Tuesday was a turnaround Tuesday, what do you call today
12:24where we swung just within the doubt close to 700 points? Well, for now, we're just going to
12:29have to settle on wacky Wednesday. But I think Ken Fischer, one of the most successful investors
12:33on the planet, will have a more erudite way to explain what happened after this.
12:42All right. U.S. stocks ending lower when all was said and done. As the Dow logs its worst
12:48five-day start to a month since back in 2018, there are all sorts of ways you can analyze this.
12:53Who better to do the analysis than Ken Fischer, the billionaire investor? Of course, the brains
12:58behind Fischer Investments, the founder and chairman. Ken, good to have you back with us.
13:04What is going on here? Is it overdone? What do you think?
13:09So overdone is a hard thing to say ever about the short term. This is a correction. It's not a
13:19bear market. It's very simple. Bear markets don't begin this way. The only time bear markets begin
13:27this way is when you have something truly extraordinary that no one's really thinking
13:31about, like the COVID lockdowns. But otherwise, there's a legendary saying, Neil, and thanks for
13:37having me back on. Bull markets end with a whimper, not with a bang. And it's been so long since we've
13:44had a real classic traditional bear market of size and magnitude that people kind of forget that.
13:49This is, you know, straight off the top that was strong globally in the middle of July, down,
13:57you know, intraday low that was almost down 10 percent in 14 trading days. And now, you know,
14:05what looks like 17 trading days. That's not the way bear markets begin.
14:12So let's get a sense of what drove this. Now, we're told its employment report last Friday
14:18really got the selling going. It was deemed a disaster because only 114,000 jobs are created.
14:24I guess they were expecting more. But you and I can remember in prior routes,
14:29they've been in response to much more perilous reports. We have hundreds of thousands of jobs
14:34being lost. But that notwithstanding, then, we can't seem to find a footing here. And I'm
14:39wondering, is it because of confusion over what the Federal Reserve has to do, whether this is
14:45just a natural correction in some overheated sectors, technology comes to mind, you know,
14:50some of these artificial intelligence plays? What do you think?
14:55So first, let me make a point before I answer your question, which is that throughout this
15:02downdraft, but including a day like yesterday when the market was up, it remains true that
15:08which was true before, which is that when the market's down, tech is down more than the market.
15:13When the market's up, tech is up more than the market. That style shift hasn't really changed
15:18all year long. The fact is, there was that which you spoke of. There's always the fear of the Fed
15:27doing something stupid, which is, you know, and I've said many times on your show, they almost
15:31always do something stupid. And then there was the fear of the yen carry trade. There's all the
15:36newness about Harris as the vice president, as a presidential nominee, on and on and on. And
15:43there's all these. What about Iran adventurism? You can go on and on with fears. The fact of the
15:50matter is that elections always have abundant fears that end up being shown afterwards to be
15:57false factors. And fear of a false factor is always bullish because it's in the market price now.
16:02The fact is, when you've been as strong as we've been for as long as we've been in the stock market,
16:08it doesn't take much to get people going. And, you know, that's kind of all it takes.
16:16But your math, this could be overdone. And then a correction of 10 percent with the highs is
16:20the classic definition, of course, is is is not necessarily a bear market.
16:2420 percent or more. You don't see that yet, I guess. Right.
16:28So let me go back to my point from before. Yes, a correction is a drop technically defined as
16:36greater than 10 percent off broad market index, not a subset. So maybe that would be the S&P 500
16:42or the All World Index, whatever, not some little slice in between. And then not a drop bigger than
16:4920 percent. We've had 35 of them in the accurate history of the S&P 500 since 1925. And of those
16:5735, the average drop was 13 percent. You almost never get the average because the average is
17:03made up of wide variance. But it would not be surprising to me to see the market go lower
17:08before it goes higher because of the fears. But the fact of the matter is, this is not the way
17:17the market is the great humiliator. It's always been the great humiliator.
17:21It wants to humiliate as many people as possible for as many dollars as possible
17:25for as long as possible. It's near spiritual in that regard. And it wants to get you wants to get
17:32your family. It wants to get me. It wants to get every viewer and their mother. And the fact of
17:39the matter is it does that by slowly sucking in off the peak of a bull market in what looks like
17:46buying opportunities. And there's a thing I created decades ago, I mean, decades and decades and
17:51decades ago when I was young, called the two third, one third rule, which says that the first
17:56two thirds of a real bear market only constitutes about one third of the drop. But the last one
18:02third constitutes two thirds of the percentage drop that give or take a few. That's the way
18:08bear markets operate. Corrections are sharp off the top, short, sharp, scary stories. They go
18:14away almost as fast as they come. And then you have resumption of the bull market. They revert
18:20sentiment back to a lower level by scaring the pajamas. You're saying that we're going to resume
18:25this. I'm jumping on you here for a limited time. You're saying.
18:31The bull market is still on. That is not that view of yours has not changed.
18:37And the aftermath of corrections are big up moves over the next six, 12 and typically 24 months.
18:44Not perfectly so, of course, but those numbers are actually pretty darn strong.
18:51So, Ken, when you have nervous investors and I guess you always remind me of this,
18:55it depends on your time horizon, a guy my age long term is lunch tomorrow.
18:59So that's different than someone much younger. But how do you advise and assess, especially
19:03someone that I just need to sleep? I'm tired of this. I want to you know, rates are still good
19:08enough that I could put my money in a CD or whatever, what have you, but and protect it
19:13because I'm now I'm scrambling. What do you say? I'm going to say you're you got more ahead of you
19:19than you think you have. You've got a longer time horizon. You think you have.
19:23And if you have a need for returns that would be consistent with equity,
19:28selling out in a correction is one of the dumbest things you can ever do
19:31because the aftermath of corrections are big up moves, as I said before.
19:37All right. The campaign in the election election years, you've reminded me markets always do well.
19:42Are we factoring in the election too soon? It's usually
19:45a September, October type of thing. But what do you think?
19:50So this year, unlike most, it was just generally presumed at the beginning of the year that it
19:55would be Biden versus Trump. And the fact of the matter is that took a fair amount of uncertainty
20:01off the table early. We had unusually low uncertainty because normally got all the
20:05contentious primaries and blah, blah. We knew these two men so well compared to any two that
20:11have run before each other. And I've said that on your show before, that there was less to get
20:15frittered about. Now that Harris is a new and polls have tightened and, and, and there's more
20:23to worry about. So uncertainty is up. That's consistent with the time period of the market
20:27falling. Also, we will get to a winner. We always get a winner in November. We like the winner in
20:33November better than we thought we would when we started. And uncertainty will fall and we'll
20:38have that consistent with the bull market resuming when it resumes. Exactly when? I don't know.
20:44Could be next week, could be tomorrow, could be three weeks from now or the week after that.
20:51But the reality is corrections return to bull markets and this bull market will continue.
20:58And oh, by the way, let me just say, let me just say if I may, that the one thing that no one has
21:04said about Governor Walz is that he reminds me more of Elmer Fudd than anyone that's ever run
21:12for vice president. That is a profoundly incredible insight there. So thank you for
21:19that. I think the Elmer Fudd fans out there will know how compelling. Yeah, really. You're a
21:25billionaire. You are a billionaire. All right. Ken Fisher, thank you very much in your insights on
21:30this political race. All right. In the meantime here, the political race is on. Both campaigns
21:36are raising a ton of money. I don't know where they're going to invest it. The feeling it won't
21:40be in the markets for now. It'll be in a lot of campaign ads. But man, it is getting pricey
21:45after this. Thanks of all of that. That's a fast dash for cash, I guess, Hal. And obviously,
21:52Donald Trump and Danny Vance haven't had problems raising money, but now they have to counter a
21:57campaign that's raising money at a faster pace. What do you think? Well, there's plenty of money
22:03being raised on both sides. The Trump campaign has been raising a lot of money as well, Neil.
22:08The fundraisers that I know are way, way higher projections of fundraising than what they
22:13expected. So there's a lot of excitement on the Trump side. The donors, I mean, if you look at
22:18this pic of Tim Walz, I mean, you might as well have gone to the Green Party and picked up Jill
22:23Stein. I mean, this is the furthest left ticket that's ever been put out by any party in the
22:27country, in the history of the country. And their views are really way out of the mainstream, Neil.
22:33So we're actually happy with this pick that she did. I think it would have been a little tougher
22:38if she'd have gone with Shapiro in Pennsylvania. It potentially could have taken Pennsylvania out
22:42of play. They didn't do that. Now, I would say this, Neil, the reason they're not, I don't think
22:46they believe they've secured their base yet. They're staying left and going hard left because
22:51they don't have their base secure left. If you look at Trump, he's got his base. He's got his
22:55base. He's got the DeSantis people. He's got most of the Nikki Haley people. He's now focused on
23:00that middle that where you win elections. That's why you saw him distance himself from Project
23:042025. He's appearing at the National Black Journalists Association. He went to a black
23:09church in Detroit. She's appearing at rap concerts in Atlanta. So, I mean, she doesn't have her base.
23:14That's where they are versus where we are, you know, 90 days out. It seems that both sides are
23:20doing pretty well, you know, securing their base again, Hal. But I'm wondering, when you talk about
23:24Donald Trump, you know, and who's distancing themselves, is Donald Trump hurting the cause
23:30that you're just, you know, elaborating on there? That he was so focused on early attacks on
23:36Kamala Harris, whether she was really black or not, that these were distractions. And then he
23:40uses an Atlanta rally to go after the Republican governor, very popular Republican governor of
23:46that state, that he's stomping on his own otherwise pretty appealing message. What do you think?
23:53Well, I mean, look, there's some people that were upset about the Georgia comments
23:58of the governor there. But, you know, that's a sideshow. That's really not what's going to
24:01decide this election, as we know. President Trump is going to win Georgia.
24:05He made it the show, Hal. And I'm just wondering if that audience in that moment to take Georgia
24:12and to win it back, and he was leading in those polls, might be, I think he still is.
24:16But that kind of stuff just gets the eye off the ball and the campaign off track. You don't agree?
24:22Well, I mean, it's, you know, it was a day or two news cycle. I mean, I think at the end of the day,
24:27the election is going to be decided on the economy. We know that. And they can't do anything
24:32about inflation between now and November. And by the way, early voting starts in some states
24:37in September, Neil. So we're right there. And, you know, I think if you play this out going forward,
24:43Kamala may have a little bit of a bounce coming out of the Democrat National Convention. We'll
24:47see how they do. It could be kind of a disaster. We'll see. But at the end of the day, I think
24:51starting after that, Trump's going to be leading in the polls. He's already way ahead of where he
24:55was in 2020. I mean, if you look at where he was in 2020 compared to today, he's leading and he's
25:01leading in all the swing state polls on an RCP average basis. And that's what matters is those
25:06swing states. There's five of them. And if you look at Pennsylvania, that's a key state. Shapiro's
25:12not going to be on the ticket. I think that hurt him going with Minnesota. And so now those state
25:17that state is still in play. They're going to have to spend money there. I think Trump has a
25:20real shot at winning all the swing states. We'll see what happens. But I think I think he's in
25:25the best position he's been on that. OK. Having said that, though, do you think the J.D. Vance
25:33choice with all the controversies of some of them calm down a little bit was wise, given what has
25:37now happened? And no one could have predicted immediately this switch to the top of the
25:41Democratic ticket. I get that. But that J.D. Vance remains a drag on this ticket. Do you agree
25:47with that? Oh, no, I don't agree with that at all. I've known J.D. for for at least five years. I
25:52knew him before he was a senator. We're kind of in the same business. He's he's great. You know,
25:57they came out and and took that that quote out of context that he said, by the way, three years ago.
26:02And, Neil, I follow this stuff pretty closely. It took me a while to figure out when that was
26:06said because it was made it made it seem like he said something, you know, just coming out of the
26:10gate. It was something said three years ago about the Catwoman thing or whatever it was that that's
26:15not that's not going to be a factor in the selection. A lot more than that. Right. And
26:18you might be right. It's all water under the bridge. I get that. And people dig up stuff from
26:22years ago. I get it. But that that if the Trump campaign had it to do over again, he would not
26:28have been the pick. What do you think? Oh, I don't know if I agree with that, Neil. I really don't.
26:33I mean, J.D. is from Ohio. You know, the Midwest is where this thing is going to be decided. You
26:38know, Michigan, Pennsylvania, Wisconsin. And of course, you've got Nevada and Arizona. Those are
26:43the five states. And I think I think J.D. helps in those Midwest states in a big way. And those
26:49are the three. Those are three key states. And I think J.D. will prove this out. You'll see. He's
26:53been out there helping raise money. He's been out there on the campaign trail. You're seeing him
26:58speak. He's extremely smart. He speaks very well. I think as the American people get to know him,
27:02they're going to feel very comfortable with J.D. Vance. All right. Well, watch it closely. How
27:07always good catching up. Thank you very much. Thank you. All right. Hal Lambert in the meantime,
27:13we're keeping a very close eye on some of these other races going on that are not presidential
27:17or vice presidential. Sometimes amazing results that kind of make you rethink things like,
27:24oh, I don't know the squad.
27:35The New York Post calls it the second squad squad.
27:43It's an interesting development for progressives and maybe a worry.
27:54So
28:02someone Chad Pergram has more from Capitol Hill.
28:09Ends of dollars into the race to defeat Bush. Some Democrats criticize.
28:24Some Democrats criticize Bush because of her opposition to Israel and her views on the war in the Middle East.
28:34All they did was radicalize me. And so now they're afraid I'm coming to tear your kingdom down.
28:44And let me put all of these corporations on notice. I'm coming after you, too.
28:49Bush becomes the second far left Democrat defeated by voters this cycle.
28:54APEC helped George Latimer unseat Jamal Bowman in New York earlier this year.
28:59Some on the left oppose large donations in primary races.
29:04To me, speaks to the corrupting role of our current campaign finance system and the fact that it is
29:09very hard to be a working class American that gets elected to office and stay in office.
29:15Now, Bush faces a federal investigation for her use of campaign funds, paying her husband for
29:21security. Police cited Bowman for pulling a false fire alarm. The defeats of these two
29:27controversial incumbents could help Democrats temper their image.
29:31Neal.
29:33Chad, thank you very much. Chad Pergram on Capitol Hill. There is another race we're following very
29:37closely among many, and that is Democratic Congresswoman Elissa Slotkin.
29:43Congresswoman Slotkin now getting a race with the former Republican Congressman Mike Rogers to face
29:49off for Democrat Debbie Stabenow's Senate seat in Michigan. Mike Rogers joins us right now.
29:55We've invited the Congresswoman Slotkin to join us as well for an interview. We have yet to hear
30:01back. Hope springs eternal, but Congressman Rogers, very good to have you. You had the
30:07backing of Donald Trump, but you also had the backing of a number of other prominent Republicans
30:11on this.
30:41And that's the message that we're taking. And the Democrats just have a very different version. They
30:55want, they're going to double down on making your gas more expensive. They're doing these EV mandates,
31:00which by the way, auto workers hate. And, you know, funny customers do too. They don't want
31:05to be told by the government kind of car they have to drive. And it's backfiring on Democrats
31:10all across the state. So people say, oh, we haven't done it in 30 years. Well, University
31:14of Michigan, 30 years ago, it took 30 years by the way, to win the national championship. This
31:18is our year too. We're going to win this national championship. We're going to win in November
31:21and we're going to get this done, Neil. And I think people are ready.
31:26You have the support of the party here, and that's been, you know, very different in some
31:29races where Donald Trump picks someone and others don't like that pick. You seem to have that backing,
31:35but you've got this other specter of the stock market kind of craziness of late.
31:40Are you working that into your campaign? I mean, the Democrats certainly are saying we're still a
31:45lot better off than when we came into office with both the markets and the economy. You say what?
31:53Boy, just simply not true. I mean, this is the Democrats starting the fire and taking
31:58credit for calling the fire truck. Listen, the way that they handled the economy, the pandemic
32:04and the lockdown. And now when people were starting to come back to work, they were saying,
32:08see, jobs are going up. I mean, most people here get it. And they've also been running around the
32:12Democrats around the state saying, you just don't understand the economy's great. I talked to a
32:17woman the other day, Neil, who had to cancel her wedding because the food prices, the caterer came
32:22back to her and said, I can't do it for that price. I'm going to lose money. She had to postpone her
32:27wedding. There are people taking groceries off the conveyor belt and putting them back in the cart
32:32because they can't afford it. People know, I don't care how many charts or glossy presentations
32:39are just saying, hey, everything's going to be OK. It's not in these families. And we just see
32:44this more and more and more. And I talk to factory workers all over who they're not necessarily
32:50Republicans. But what they have been telling me is, I know I can't vote Democrat again because
32:55of what's happening to my family and my budget and my fear for my job. And so you start having
33:01those conversations. That's why they're in trouble in Michigan. That's why we're tied. And the more
33:05this message gets out, that's how we're going to win. We'll be following you very closely, Congressman.
33:10Thank you very much. As we indicated here, we did have a call out to Elissa Slotkin, his Democratic
33:16opponent. Again, we have yet to hear back, but I don't think we bite here. We're fair and balanced
33:21on both sides. We look forward to having her on regardless. In the meantime, giving you the latest
33:25on this storm, this tropical storm that's doing a lot of flooding, doing a lot of damage, and now
33:32spawning quite a few tornadoes. We're on top of it after this.
33:40Tropical storm Debbie is relentless, flooding much of the southeast and it's moving north
33:45at a pretty fast pace. Brandy Campbell has more from Wrightville Beach, North Carolina. Brandy.
33:51Hey, Neil. As you can see, the conditions are starting to deteriorate just in the past minute as you're coming live to us here from Wrightsville Beach.
34:00This is the outer bands from our tropical storm Debbie, I should say. Here along the beach,
34:05we've got some large white capped waves. The storm moving at three miles per hour ahead of
34:10its second landfall happening sometime on Thursday morning. But take a look at the video
34:15what the beach looked like just in the past hour. It's a nice day, really. A lot of people were out
34:20here just trying to enjoy it before moments like we were just experiencing. We could see three to
34:24five inches of rain through Friday. Thankfully, we do not have a storm surge alert for this area, but
34:30we do have high surf advisories for large waves and dangerous rip currents. Wind gusts could also
34:36get up to 40 miles per hour. Now, tropical storm Debbie has already caused flooding impacts
34:42and spawned tornadoes in the southeast. The governor of North Carolina spoke this afternoon
34:47on how the state is preparing for this storm. They've already deployed 350 national guardsmen
34:53and also activating 17 swift water rescue teams across central and eastern North Carolina. On top
35:01of that, seven urban search and rescue task forces and hazardous materials response teams are also
35:07ready to help. We are anticipating major impacts from flooding across portions of the state.
35:13Rainfall in these amounts can flood homes and businesses, erode and damage roadways,
35:19and may create situations in which local officials may need to order evacuations to ensure
35:24public safety. Areas that normally do not flood may be covered in water,
35:29and I urge you to follow the guidance of your local public safety agencies.
35:35All right, now we'll be keeping an eye on the conditions here, especially as Debbie gets closer
35:39on shore. Neil? Randy, be safe yourself. Randy Campbell in the middle of all of that. I want to
35:45pass along some disturbing. It won't be centralized just out of Iran, but its various proxies kind of
35:51all over the region. So one of the things that we have seen really since October 7th is Iran and its
35:56proxies continuing to take various terrorist actions against the state of Israel and against
36:02the people of Israel. We have made it one of our prime diplomatic purposes to really try to
36:09prevent this conflict from escalating. All right, well that might be easier said than done. The IDF
36:15is saying in Israel that it's on high alert, and again Hezbollah leaders and Hamas leaders have
36:21already vowed to avenge the taking out of top leaders over the last couple of weeks. And then
36:27of course there are messages from Iran almost daily now that a response to Israel's actions
36:33will be imminent. We don't know what imminent is. I do want to go to Democratic Massachusetts
36:37Congressman Seth Moulton sits on the House Armed Services Committee, House Select Chinese Communist
36:42Party Committee looking into all of this stuff. Congressman, very good to have you. So I guess
36:48we're waiting to see what the response is. If it's proxies making and taking these actions and not
36:56Iran directly, do you distinguish between that and an outright move by Iran itself?
37:03Well, there's not a big distinction. I mean, we know that Iran is behind all these proxy groups,
37:07funding them, but also directing many of their actions. But the name of the game here is preventing
37:13a wider war in the Middle East, because the biggest thing that that does for us is it takes
37:18our eye off the ball when it comes to China, which is absolutely the pacing threat, the major focus
37:23for the United States military today. So we want to deter conflict in the Middle East. We want to
37:31protect Israel, our staunch ally there. But we've got to calculate our moves here, because if
37:36inadvertently we get drawn into another big war there, then we're missing our strategic goals
37:42across the globe. Again, it depends on the response to your point, Congressman. There
37:49is some concern, though, that it's so tense between the powers that be in Israel and this White House
37:57that we're told there was very little a heads up of these attacks on these
38:01terrorist leaders a couple of days ago, even going back two weeks with the Hamas leader. So
38:07what do you make of that and whether Israel just feels that it's a waste of time to even talk to
38:12the White House? Well, actually, I think there's a lot of tension between President Biden and Prime
38:17Minister Netanyahu, but there's not tension like that between our militaries, which is the primary
38:23way that this coordination happens, between our intelligence agencies, which is where this
38:27information is shared. And actually, I know that there are a lot of IDF leaders, leaders of the
38:33Israeli Defense Forces, who are actually more aligned with the administration here in terms of
38:39having an endgame for the Gaza conflict than Netanyahu is. So actually, I think that when
38:45you get past the political disagreements, there's a lot of alignment on military goals here.
38:50Very quickly, while I have you, sir, there's a lot of talk that Josh Shapiro was nixed as a
38:54running mate for Kamala Harris because progressives didn't want it, didn't like it.
38:59What do you think of that? No, I mean, I just I just don't buy that. I think that
39:05Tim Walz is an amazing pick, but I have served in Congress with Tim Walz.
39:10I always knew him as a moderate, as someone who held one of the most moderate seats in the
39:15Congress, someone who was willing to work across the aisle and had a track record of doing so.
39:19So that just doesn't that doesn't make sense to me.
39:24All right, Congressman, thank you very much. I apologize for the short time here.
39:28In the meantime, just letting you know, we have a busy show tomorrow following up on a lot of
39:31this political stuff, including the UAW President Sean Fain, still backing the Democratic ticket.