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we had not as pathetic manufacturing number. here to get the read on all of that is mark tepper, the strategic wealth partner president and ceo. what is interesting -- love having you. thank you. this market went up despite you could argue because of this back and forth in washington? we're so used to the idea of grid locks, democrats and republicans not meeting on the issues. in this case, republicans and republicans not meeting. how does wall street deal with that? >> i don't feel like this is really moving the market too much. it's almost sad, neil, for us to understand that investors may now expect dysfunction out of washington. that might be where we're at right now. i really haven't seen in the short run it's moving much. i feel in the short run, the market will be dick kated by
humanitarian standpoint and economics standpoint. this rancher spent $13,000 and i doubt he had that much money. >> mark: that is why i have that entrance to my house. a big boy, strong bite. but you mentioned in a billion dollars earmarked for irs agents but what about the $110 billion in aid that we are giving to ukraine so they can secure their border from russia when we are not allocating any of our dollars to secure our border? obviously, that is a huge issue. i think part of the problem is, it is not close enough to home for most of these politicians, which is why i love governor abbott is doing. he's putting them on a bus, sending them to new york, martha's vineyard or wherever he sends them. i can tell you come i live in cleveland, ohio, peer that is as far away from the southern border as possible. last week, it was taking my 15-year-old daughter to the
attorney general saw the writing on the wall warning pete buttigieg in a letter, "deep leaf troubling cancellation of flights over the past several months, particularly over holiday weekends." all right, mark tepper this is the thing with this. "the wall street journal" has an editorial and pete buttigieg in air traffic controller? here is what they say the meltdown this southwest is one for the business record books. and they will pay a price for months, years to damaged reputation. the only worst result is passengers to put transportation secretary pete buttigieg in charge of this. >> mark: yeah, we have talked about this before. he's not qualified for this position. he has a mayor and all due respect to mayors, they fix potholes, move stop signs and make sure the snowplows come out. they are not dealing with the complex logistics of railroads and airlines. it is not what they do.
visit coventrydirect.com. ♪ ♪ >> cheryl: hello, everyone, this is "outnumbered." i am cheryl casone, lauren simonetti, dr. nichole saphier, amy freeze, mark tepper. we began with chaos at the southern border. waves of migrants waiting in mexico for the end of title 42 are now planning their next move to come to our country in a way that they can at any cost.
freezing, you need to be accountable at least they are to organize and say i've got it under control. the people in place. there has to be a voice of the people you represent and crisis. >> to be fair, you had ted cruz who went on to vacation when you had texans freezing an entire power grid went out. what are your thoughts on this? >> mark: you mention ted cruz but i want to head on the double standard because ted cruz, what he did was not cool. he escaped a power outage where people had no electricity and dying in texas. but he came back he canceled his vacation and came back. you are not seeing that from eric adams, joe biden. president trump when the guy would golf for hours once a month, the media swarming over him like making fun of him saying, "he's not doing his job." so there is definitely a double standard at play here. as far as vacation, look, i agree with everyone here.
of emergency in many unknowns. thankfully, we are not in that situation mouth and life is much easier. but it feels a little bit like deja vu and i'm not sure we have learned much in the last three years. there has been many go arounds with travel restrictions and you have to test if you go to china or these other places but often times they have layovers, and other places they don't half to do testing. we sell this early on for travel ban spirit by the way, testing at this point i'm not sure that will do much. the only benefit i see for testing people coming out of china and hong kong is to see is there a new variant? we can sequence and let's sequence and see. do they have omicron like ourselves or what are they dealing with? >> they are doing and remember those two flights from china arrived in hong kong yesterday with passengers who had a covid so now they will sequence, okay, is this indicative of the entire chinese population? mark come as you look what happened china and they went completely closed to almost
don't want to be on the phone, they want to text everything. >> but sometimes, you know, i sometimes get in text conversations and the other person, mark, will pick up the phone and call me and say it's so much simpler. why didn't i call you first. >> it is, it is, a course how to win friends and influence people for young kids. >> $480 an hour, too. >> great entrepreneurship. you know, one of my biggest pet peeves is when people use the wrong your or you're while texting, and now it's all ur, so they are never going to learn. they will not know if they should use you're or your. >> the apostrophe. >> they grew up in homes without land lines, and what is that
completely open, but it is a series of bad decisions. bad faxing, vaccination rates after that decision. now completely opening up an 18% of the population has covid. i don't trust beijing with the answers. >> mark: no, none of the data can be trusted, which makes it even more difficult to try to put some sort of policy in place when you don't know what the actual data is. but going back to biden's tweet on xenophobia. there has been a hypocrite time and time again. i can go back to last week. i can find a tweet from him tweeting something about gun control, literally a week after he released the world's most notorious arms dealers. this is mr. prolabor who stripped rail workers up ability to negotiate. so hypocrisy is nothing new but getting back to the whole china
the wrong direction. martha? >> martha: all right. connell, thanks. with that, we bring in steve forbes, editor of forbes media and co-author of "inflation, what it is, why it's bad and how to fix it." that's a book that everybody needs to be reading in washington right now and also mark tepper. thanks for being here. steve, the reality that is sinking in to the markets is that its not over and it's not close to being over at this point. any light that might have appeared or has been explained to be out there, nobody is seeing it. >> that's right. there's not much light to see with what the federal reserve is l bankers believe the way to fight inflation is tod disruo the supply chains and thfederal much money, suppressing interest
fed acted too late to stop inflation rattling your 401(k) and other stock bets. who better than steve forbes to tell us what's going on along with mark tepper. first to fox business chief national correspondent connell mcshall reporting live from new york as we're in the final hour of trading. hi, connell. >> the market took a turn for the worse and has not stopped bleeding since. that turn came wednesday when the fed resufficient the sell natural out that interest rates will keep going up. there's concern that the raid hikes will bring on recession. but it's not just powell and the fed. the same exact thing is happening really all over the world. the european central bank, the bank of england, smaller countries and places like taiwan, mexico, they're all singing the same song this week,