Neil those higher prices are real but if you thought the Biden Administration was about to announce today if they contributed to at least part of those higher prices, get real, welcome, everybody, i am neil cavuto, theres a new inflation moving ahead out there, my friends, Edward Lawrence has a good idea who that might be. Who is it . The white house blaming companies. I should tell you first coming out of the gate, the Federal Reserve just released a report on inflation, their Financial Wellbeing report for households. I dont have to tell you households are struggling, the report found largely things were unchanged in 202223 because the price has already remained high but when you dig deeper into this report you do see that the financial system, 84 of adults say their financial situation would made worse or much worse by higher prices in 2023, the report shows lower income adults felt the greatest hardship with inflation which included not paying bills, sometimes or often not having enough food and skipping medical care because of costs one today, Christopher Waller hints inflation could hold rates higher for longer. After a run of great data in the latter half of 2023 it seemed significant progress on inflation continue and rate cuts were not far off which however, the first 3 months of 2024 through cold water on that outlook as data on both inflation and Economic Activity came in much hotter than anticipated. We may be looking at a september rate cut, depends on inflation which President Biden blames on corporations. In a memo obtained by fox business by demonstration Officials Say major corporations, many seeing record profits overcharged the american people, in some cases keeping prices elevated despite the inflation falling, President Biden is taking unprecedented action to deliver relief for middleclass families, depending on the time of the past 3 years, they were very different causes to inflation. Look, the pandemic was happening, right . That caused inflation, that was happening. Supply chain was breaking our economy, it wasnt just us, wasnt just us. It was globally. Reporter from this perspective Everything Else caused inflation, not the policies from this president , not the spending but the government debt. Stuart neil just so you know, i am a few pounds overweight, it is a thyroid condition, not because ie morning, noon, and night. Wanted to get that out. Not so fast with the cannolis, mostly napoleons, great sense of humor, daniel martinez, gifted readers of the markets with a great sense of humor as well. Blame the companies, not what happens in washington, they fall back on that batch the latest bogeyman any more real than the others . I think i will give the president room here. Companies have kept prices and certain things longer, higher longer than they possibly should have but when looking inside the guts of the cpi report you are seeing things like Auto Insurance and healthcare, being the most onerous prices for households and that has come through regulatory agencies approving very large increases in the rates. That doesnt have to do with gouging per se but does have to do with the fact that there was too much money handed out to us households for too long after the pandemic had long since struck that allowed people to, one, hike prices up. If you run the price up, 14 or 15 of americans dont have Auto Insurance, you have to subsidize those who dont with those who do. I do think these things are beyond the control of most us corporations and the Federal Reserve and the Biden Administration should be looking at what the bureau of labor statistics announced yesterday that there were 200,000 jobs lost in the third 1 45 thousand 23. There are things worse than inflation and that would be not having a paycheck at all to deal with higher prices. Be 20 on the inflation i am wondering, im not blaming the administration for all of it, there was a lot of spending under the trump administration, virtually nothing going on with the economy in the last year of Donald Trumps presidency, you are going to see that. I dont know if it would do any damage if President Biden were to say a lot of this is on me, im doing my best to turn it around and whatever . But we dont hear that and yet i go back in history and remember people like john f. Kennedy kemeny argue inherited the cockamamie plan from Dwight Eisenhower to deal with fidel castro, to try to get them out of cuba, the bay of pigs was a disaster, he could have pointed the finger, at the other guy, he didnt. Ronald reagan could have blame jimmy carter for a lot of things once in office, he didnt. Dont get me started on abraham lincoln. My only point mentioning this is even if theres a particle truth to what you say, does it kill you in the eyes of the voters who are very forgiving to acknowledge this is under my watch and a lot of it is on me and try to fix it . You dont really think you will get a politician, including the president of the United States to ever admit that they might have done something wrong. Diane mentioned a few in the past who did. I suspect you are not going to hear that. Is that. The fact is that inflation, what we have experienced the last 12 to 18 months seems to be embedded in the system and your other guests mentioned Car Insurance, if Car Insurance is double, it is incredible, quite frankly whats happening to insurance and i dont think the prices are going back down. Im not quite sure what the president should or shouldnt do, admit he made a mistake or not admit he made a mistake but the reality is it has been embedded into the system now and as hard as the fed tries with interest rates, my guess is the current pricing situation is not going to change, all the job owning in the world isnt going to change it, corporations dont lower prices, the cost of everything gone up and the Company Simply pass it to the consumer and therein lies the inflation. Neil feeds on itself and that was the point of the first question but danielle, Companies Like target are trying to address it may be because under public pressure by lowering prices like 5000 often used, not sure how that is going but it is a reminder that companies where they have legal room will try to address that if for no other reason than to keep those customers, where do you see this going . At some point, inflation runs into a wall. Back to this loss of jobs. Theyve been heavily discounting prices not because inflation for beef is too high but is going on purchased, people are switching to chicken and these are simple facts of life. If the money is not there in your paycheck, you are not going to buy it and that is what we are seeing. Are old enough, i might be old enough to remember substitution during the 70s and 80s. All i am saying, what godless what companies are doing, when you see the actions they are taking, that might be in response, if it doesnt lower prices and force that back on buyers that it wont sell merchandise that it has. Hamas, i cant and i wont and that would stop it. Its a hell of a price to pay ahead of it and lets say, dont know where you stand on fed governors and district presents around the country talking about rate cut, maybe maybe by the end of the year. Im wondering in anticipation, one thing what the markets are doing but when it actually happens, markets would respond favorably . The market started to build in multiple rate cuts going back to last november december, the original dialogue, the expectation is 5, seven rate cuts. And thank quite frankly, and the prospect, doesnt get toward the election. And do what they can to have it in the house at the moment. And it is a perfect case of cell on the good news and by on the bad news. Any rate cuts, one 23, whatever it might be, theres a real prospect that there wont be any. If the fed gets around the cutting rates, my guess is the market will not act positively to that selloff. Neil just to let you know, the hush money trial in manhattan is essentially over, both sides resting their case, prosecution and the defense coming back at 2 15, jury instructions and all this goes over my head. Not over eric shawns head. It is over. The former president did not take the stand. He said he wanted to do that, one reason the former president did not testify on his own behalf which is his legal right is his lawyers be leave alvin bragg simply has not proven the case. The last witness the jurors heard from was the defense witness, the second one that was called, Robert Costello is a wellknown new york lawyer who was a trump ally who said Michael Cohen lied on the stand. Costello brought the jurors back to 2018 when he says Michael Cohen was advising Michael Cohen back then and told him donald trump had nothing to do with the Stormy Daniels payoff and did not even know about it, wasnt even his idea. Prosecutor Susan Hoffman tried to undermine costello saying that saying costello was part of a pro trump cobol who was and still is in mister trumps corner, showed emails suggesting Rudy Giuliani served as a gobetween between costello, cohen and the trump. Costello denied he was trying to put any squeeze on cohen. Emile crossexamined and asked this, quote, did you ever pressure Michael Cohen to do anything . I did not. Do you have any control over Michael Cohen, clearly not, costello answered sarcastically but he didnt deny any involvement or any Pressure Campaign, emails corroborate some of that. Costello told cohen, had friends in high places and costello understand has a reference to donald trump. And they are hashing out the jury instructions, very legalistic lady d pending what the judge or can or cannot tell the jury under the law, closing arguments next tuesday a week from now. Closing arguments in the jury were finally on this case. Neil saul eisenberg, and in during my idiotic questions. And want to get your thoughts, and theres been a lot of talk about delineating between felonies and all that. And is charged as a misdemeanor, the statute of limitations on misdemeanors expire. They are bumping into a felony. It is into a felony, youve got to be doing it to cover up, intending to cover up and commit a separate crime and they cant convict donald trump, in my opinion, without proving beyond a reasonable doubt, they have the specific intent, to cover it up. If the jury gets a jury instruction, very beneficial to donald trump. If they get something that the vague, that starts to have a general intent to know that something is being done that is unlawful, thats good for the prosecution but i cant emphasize enough the importance of jury instructions and in my experience, jurors look very closely and listen to those. Neil the jury will be home, friend and family members, in this incredible jury, and they might be tempted to look at news and papers judging them not to do that. I dont know whether juries have followed that advice. What do you think . This is a very high profile trial. I havent had anything that went to trial that was this high profile but i would be worried about that if i were either side, about influence that is very tough for a jury trying to do its job, to not look at any media sources or friends or family members. Neil i am sorry, they honor this, it would be tempting to just say, the media covering this, quick look and start thinking, this was Donald Trumps concern, will they be guided or at all influenced by their bluest of blue friends, i am simplifying saying could that work against donald trump . It certainly could. Most jurors try to be conscientious and listen to the judge, but this concern particularly getting harder and harder, who dont look at social media particularly in the social media age. Its just a concern, the way the case has evolved, the defense thought it was important for them to put costello understand. I understand why, very risky move. The reason why it is risky in the case of costello, judges, juries tend to bond with their judges so they love their judges and its very clear the judge was not happy with costello. And costello was not respectful to the judge yesterday, not good for team trump, whether the testimony was worth it. Julie always got on edge. Great insights. We will see what happens and how they behave over the last week. And Scarlett Johansson, to use her voice and anything else. It turns out she is afraid someone did just that. She is upset. Very upset. luke this will be a gold mine of local intel. Just you wait. marci right. So, tell us about this corn festival . stylist 1 oooh you got your corn pudding. You got your corn chowder. marci so. Is it safe around here . stylist 2 sometimes. luke if a family of eight were to need a cold plunge, where would they find it . stylist 1 . And then they dip it in butter, then bam, it goes right in. stylist 2 . Really cute vampire bar. stylist 1 the reverend does like a blessing on the corn. luke donut shops. How far from here . marci no eyebrows . luke think of how light itll feel in the summer. Weve got to run. Eleven thousand more neighborhoods to go vo ding dong homesdotcom. grandpa vo im the richest guy in the world. Hi baby woman 1 vo i have inherited the best traditions. woman 2 vo i have a great boss. Its me. man 1 vo i have people, people i can count on. man 2 vo i have time to give grandma vo and a million stories to share. grandpa vo if thats not rich, i dont know what is. vo the key to being rich is knowing what counts. When i think about purpose, i dont know if st. Jude donors realize the magnitude of what they are doing. Their donations are funding the research. The research is allowing for the treatments to happen. And those treatments provide cures. And the cures are allowing patients to get to grow up and live amazing lives all around the world. And theyre all coming . Those who are still with us, yes. Grandpa whats this . Your wings. Light em up gentlemen, its a beautiful. Day to fly. Inside every splenda product is a mission. To help people live happier healthier and longer lives by making it easier to cut out sugar. From our factory to our stevia farm, splendas team of over 2000 individuals are dedicated to helping people live their best lives. Taking pride that everyday millions say i use splenda. and now sweeten drinks wherever you are with splenda zerocalorie liquid sweeteners. Try all three. Available in the baking aisle. Neil of these kids today with their songs and relating it to our next guest. Scarlett johansson on making a i am certain voice impersonations she straightly forbids. From the 80s. Neil remind those kids about it. We are in this new era of ai artificial intelligence. A lot more on these types of battles over likeness, intellectual property, and it is Scarlett Johansson, lawyered up and says shes reviewing her options over open ais Voice Assistant chad gpt 4. 0 which see says sounds like her. She starred in that movie is a voice in the 2013 film of the same name based on an ai assistant the lead actor fell in love with. Last september she said i received an offer from sam altman who wanted to hire me to voice a chat gpt 4. 0 system. After much consideration and for personal reasons i declined the offer. When i heard the release demo i was shocked, angered and in disbelief that mr. Altman would pursue a voice that sounded so eerily similar to mine. I got in touch with open ai and sam altman said the voice of sky is not Scarlett Johansson absent was never intended to resemble hers. We cast the voice actor behind skys voice before any outrage. Scarlett says she has hired Legal Counsel reviewing her options. She also sued disney during covid for her performance pay when they released black widow simultaneously in theaters and on streaming at the same time so she has a track record of her protecting her earning power. Open ai lost their safety Team Last Week along with their founder, chief scientist who was part of the new one to kick out altman. And see if Scarlett Johansson has a case. Here she is in the movie her. Good morning, theodore. You have a meeting in five minutes. Want to try to get it . Reporter compare and listen to open ais guy voice. Im on stage doing a live demo and feeling a little nervous. Can you help me calm my nerves . You are doing a live demo right now . Thats awesome. Just take a deep breath. And remember, you are the expert. Susan completely different actress according to open ai. I dont think theres that much similarity. Neil it sounded a little similar to me. That is what she is basing her case on the this is her voice but they say it is not. Susan think about this era of protecting your own ip which is why we had a drawn out actor strike. Tabasco sauce thrown on neil cavutos face, wont you protect your likeness and uniqueness . Neil if the state chain did that, i would want something more substantial but you raise a good point. The robots are coming. Neil are proven to our viewers. It was amazing. Ray wong is here, Constellation Research ceo. Great to have you but what do you make of this case and what do you make of more cases like this that are bubbling . This is going to keep happening, name, image, likeness all about to be replicated and we have no rights. Its important, we need a new framework to handle this but you will see a lot of deep fakes, a lot of misinformation and we havent started on the Election Year campaign. This is a problem we will see quite a bit in society for the next we 10 years. Neil the real expert in ai saying to me you dont realize so much of what you see now and no one has an