Neil yeah, the heat is on right now, and we are not just talking wall street, more on that and a second because it is looking like President Joe Biden former President Donald Trump will indeed be facing off, both in jute know my agreeing to two debates, the first or 27th, and while there is still a ton of details to be hammered out, this much we do know, robert f. Kennedy jr. Is upset he has bee. How will the shakeout . Welcome from Everybody Peek im neil cavuto. Lets find out from the white house how they are reacting because they initiated all of this. Peter doocy is there. Hey, peter. A big couple of hours here, neil. President biden laid out terms for these debates that were favorable to his side and President Trump accepted, so for now there is not going to be any audiences for the two agreedupon debates, but trump had some requests of his own. He did hugh hewitts radio show and he said, i think we should go to ours, yeah, i think we should go two, and a standup podium is important. If he wants to sit down, he wants to do thing, a debate should be standing up. So by cutting out the commission on present shall debates, the major parties are cutting out rfk jr. , he is furious, accusing biden and trump of colg against him and he says by excluding me from the stage, President Biden and trump seek to avoid discussion of their eight years of mutual failure, including deficits, wars, lockdowns, chronic disease, and inflation. The biden team is also insisting microphones must be cut to prevent anybody from speaking out of turn, and they insist that this is not tied to recent poor polling. Should we see this sudden offer from the president to debate as a signal that you guys realize you need to change the subject after some really bad polling . You know, we had a back and forth on polling yesterday. He is laser focused on making sure we do everything that we can to give people, americans, a little bit of breathing room. Donald trump had challenged joe biden to a debate anywhere, anytime. The two seem to be trying to call each others bluffs but now there is going to be at least one debate, a month before donald trump even accepts the republican nomination at the convention, which is, until today, something that hadnt happened. Neil . Neil im curious, even though cnn is handling it, will it be broadcast on all networks . Thats a good question for them. The abc debate that is scheduled in the fall, they are saying that they are going to make it available to simulcast. Neil all right, well watch closely. Peter, thank you very much. Peter doocy and all of that. If youre looking forward to this rematch, remember this. Im not here to call out his lies. Everybody knows he is a liar. You are the liar. I want to make sure last junior class why couldnt you answer that question . The question is radical left will you shut up, man . The fact is this man doesnt know what hes talking about. Dont ever use the word smart with me. Dont ever use that word. Come give me a break. Neil all right, that went well. Look forward to more of the same or will it be a little different . Lets go to bill. Will it happen . I think it will. Part of the reason is peters question alluded to, biden is losing right now, he is losing the battleground states, so i think the president and his team decided, okay, we cant be called a chicken for the next 56 months, and weve got to debate trump, so i do think its going to happen, but as you say come a lot of details that got to iron out. Neil the biggest detail is whether its going to be available for a broad broadcast audience, in other words, if cnn is handling it, its available to everybody to simulcast, what do you think . I dont know, abcs move does put some pressure on cnn, there is no doubt about it. This is good for the country, neil. We need debates, even though the first debate was a fiasco, and i think it led to trumps defeat because he was a little Out Of Control in that debate. This is important, to Exchange Debates and to see one on one. However, this is also an end run around rfk jr. , as well. Neil yeah, i wanted to ask about that. Because as soon as he heard about this, he said the others were polluting against him, that they are trying to exclude me from their debate because they i wouldnt win. What did you make of that . Hes got a very good point. Member, the Commission Rules are if you get 15 in the polls, and you earn enough ballots to feasibly win, so you can add up to 270 electoral votes, u qualify. Okay, this one, you take it out of the commissions hands, that you are just then it is just one on one, so you are basically shelving, and it just proves we are in a twoparty system, whether you like it or not come at rfk jr. Obviously does not like that. Neil cnns own Polling Standards i believe were 15 . If cnn were held to the standards they might be compelled to invite him. Then again, that would probably trigger one or both of the other candidates showing less interest, depending on who thinks, you know, rfk jr. Hurts them. What do you think . Rfk jr. Is not going to go quietly and i could see him showing up at the debate, even if hes not invited. I do not think either side wants rfk jr. I think thats part of whether you call it collusion or whether you just say hey, listen, its a twoparty system and youve got to win back the republican or democratic nomination, this is what it is, but as rfk jr. And others say, its like, listen, we deserve another choice, but i dont think you are going to see rfk jr. In this debate. Neil because expectations are so low for the president come i dont know if that is fair or not, he has less of a hurdle to climb, but thats in the eye of the beholder, i guess, so what do you think . I do think expectations have gotten lower for the president , and the president , because he is the president , its basically if you hold the title, you get to set the parameters, any type of rematch, like a heavyweight championship boxing match, so trump has said he would debate, and even though he doesnt, im sure, like that it is cnn and Mainstream Media doing the debate, hes got to accept it. I do think we are going to have these debates, and of course theyre going to be very feisty. Neil you talk about feisty, there is no student im sorry, there is no audience, period, outside of cameramen and the moderator or moderators, there will be two in the case of cnn, im just wondering how that changes the dynamics. Yeah, thats going to be interesting to watch, and certainly we know that trump likes going after the media, he likes going after cnn, well, all media, to some degree. I do think that is going to be part of his script going after the media. But again, hes got to tone it down compared to that first debate. He cannot have a repeat of that or he is going to dip in the polls just like he did last time. Neil all right, let me ask you a little bit about this because the Republican Convention is in milwaukee in july. So not too much after this debate, the democrats, in august, so im just wondering, if either has a poor performance or was deemed to have a poor performance, how does it affect them going into their respective conventions . This is, as you said, the earliest on record as far as debates are concerned. Conventions, neil, usually you get a bounce or at least you expect some type of bounce, so this is going to really mix it up a little bit. Conventions are not as important as they used to be, but at the same time you are going to want to bounce from the debate and then another bounce from a convention. And listen, whether it is biden or trump does very well in the first debate, do they stick to their promise to do the second debate . Or means to be seen. Neil ive been thinking of that. Thank you very much. Bob, always good talking to you. Thanks, neil appeared to be one in, i have a hat trick to tell you about. Thats a sports analogy. The corner of wall and brought. The s p 500 and the nasdaq. Continuing as the dial gets within 72 points now of 40,000, the administration, of course, has a devil of a time bragging about the Market Performance under its watch. Very little to do with joe biden come over for that matter, donald trump, and everything to do with optimism here, that rate cuts might be back in the picture. Stable inflation report, april consumer inflation report, that would be us, folks, rose less than expected in the latest month, year over year rising less than expected. Once again fueled the possibility that things are tame enough that the Federal Reserve certainly doesnt have to entertain any more rate hikes and might in fact entertain some great cooks. One big Brokerage Firm in new york is still expected in three rate cuts this year, i think thats a little bit generous but for the time being enough to propel a big deal of buying and a slow down in retail sales. Wall street world, my friends, i know this often seems confusing, good news can be greeted as bad news, bad news or slower news regarding spending or not spending, that is good if it means inflation is less of a worry. Stocks can move up, Interest Rates can come down, the world is perfect. For today. Turn shipping to your advantage. Keep those expectations with reliable ground shipping. Thanks brandon. With usps ground advantage®. Switch to shopify so you can build it better, scale it faster and sell more. Much more. Take your business to the next stage when you switch to shopify. Sara federico at st. Jude, we dont care who cures cancer. We just need to advance the cure. Its a Bold Initiative to try and bump cure rates all around the world, but we should. It is our commitment. We need to do this. Neil all right, the markets continue to hit records right now. There might be all these protests, some of them dying down, there might be concerned about the war going on in the middle east right now and the war that could worsen sooner rather than later, instability in washington, he stillunsettled president ial race, all of that is out there but so is the buying and a lot of it by reports today that show at least inflation at our level, a consumer level, the retail level, was relatively tame in the latest month, and retail sales are starting to slow down, some interpret that as a sign we could have this proverbial soft landing and we will get those rate cuts. Too soon to say for sure but larry glaser is watching it closely. What do you think . Just as the consumer is trying to get beyond this inflationary backdrop, weve had the last few years, we finally get a report where we can catch our breath but it comes on the heels of a lot of really inflationary reports. And neil, one of my big concerns, not so much where we are today, but where we are going and we know, we have been hearing more and more out of washington as the political rhetoric eats up about this idea about tariffs, right . This idea that it is a tax that the u. S. Consumer might be paying, an increase in cost, so we cant get beyond these costs. We are going to have additional costs coming down the pike and who pays those additional costs, neil . You and i do, right . On steel come on aluminum, electric vehicles, medical supplies. So those are the things we have to contend with in a political silly season. Well take a victory on wall street. Well take 401 k s coming in at record highs, thats great for the consumer but the consumer has a lot of other concerns that they are trying to and filling their grocery bill and filling their car and paying their insurance and paying their rent are all those issues, and they know those costs are a lot higher than they were a couple of years ago. Neil do you think the president ial contest is factoring into this . Donald trump takes a mouthful of what the market is doing right now, his premise was it is looking forward to him returning and that is what is driving it. It seems a little preposterous to me, but your thoughts . You know, look, a tariff come in this case, is a tax dressed up in political clothing, and its supposed to be patriotic but at the end of the day, raising taxes or raising costs on Working Families is not a very patriotic idea. Of course there are benefits but if you look at the history of trade wars, which is what these things can lead to come its not a great one. It led to the civil war. It led to the great depression. So i think we have to be very careful not to go down that slippery slope. Freemarket capitalism is the opposite of tariffs and trade wars, so you have to pick your poison and a side, do you want to support the best and brightest companies, do you want to export technology and be the Growth Engine and the shining beacon . Or do we want to have protectionism to protect our industries and we have to be very careful how we navigate that to keep our economy competitive. Neil that doesnt even remotely answer my question. Im kidding you, larry. [laughs] neil donald trump is taking credit for this run up. Should he . Look, i think everybody is worried. The Anxiety Level around the election is going to start to build as we get closer to election day. Businesses dont like tax uncertainty. We dont know what the tax code is going to look like after the election. We dont know if the tax cuts are going to get extended. I think all of those are fac factors. Neil anything to do with ed . In other words, are we closer to the election, is it really the fed, Interest Rates . Its not the president. It is definitely not the president and definitely not the fed. It is all businesses that go to work every day, they put their pants on, they navigate all of these challenges coming down in washington. Watching him spending so much money and Small Businesses have to find a way to deal with regulation and tax hikes and all of these issues and they do it because the American Consumer is very resilient. But dont take the American Consumer for granted with tax hikes right now. Neil so it could be northern lights. It could be the aurora borealis. It could be any one of those, but maybe not politics its not washington, ill tell you that, definitely not washington beards beer always good talking to you, larry glaser on all of that. We mention some of the blocks Long Development out there. Growing tensions between President Biden and Benjamin Netanyahu and we are seeing the proof right now and what has been budgeted in arms to israel. Gillian turner has more on that. Jillian . Hi meal. The State Department and other Administration Officials have been criticizing israels conduct in gaza, at least in part blaming them for the deaths of thousands of palestinian civilians. Now we are learning the white house and the entire administration is pushing a major Weapons Package worth about A Billion Dollars for israel. We are going to try to unpack the contradictions in that, as you mentioned, coming up next. Some things should stand the test of time. Long lasting eylea hd could significantly improve your vision and can help you go up to 4 months between treatments. If you have an eye infection, eye pain or redness, or allergies to eylea hd, dont use. Eye injections like eyla hd may cause eye infection, separation of the retina, or rare but severe swelling of Blood Vessels in the eye. An increase in eye pressure has been seen. Theres an uncommon risk of heart attack or stroke associated with blood clots. The most common side effects were blurred vision, cataract, corneal injury, and eye floaters. And theres still so much to see. If you are on eylea or a similar type of treatment, ask your Retina Specialist about eylea hd today, for the potential for fewer injections. Neil all right, netflix might put you in a Christmas Day fix when it comes to watching professional football because only it is getting the Christmas Day games in a major Sports Expansion for this onlinh powerhouse. What it means for you afterme this. Were talking about. Were not talking about practice . No. Cashbacking. Word. Were talking about cashbacking. Cashbacking. Cashbacking. Cashback like a pro with chase freedom unlimited. How do you cashback . Neil all right, 1 billion, that is the arms package the white house is ready to release to israel in detail but it is mission a whole bunch of things, and that is what is causing a bit of an international uproar. Gillian turner has more. Gillian . Hi, neil. It was just a week ago the State Department warned it was reasonable to assess that the idf was committing Human Rights Abuses in gaza and that israel was breaking International Law appeared fast forward a week to today and we are learning more w the Biden Administration is pushing forward this massive billion dollar Weapons Package to israel. Now take a look at this in recent days. The State Department talking about this issue, has really, you know, addressed the shipmenn to pause a shipment to gaza and kill civilians. It is legitimate for the unite states to be concerned about certain Security Assets of hours in an urban and dense setting. Its as simple as that. The white house, though, with both Policy Concerns and political concerns in mind, is now trying to straddle the fence and appease both sides. The United States has sent a massive amount of Military Assistance to israel to defend itself. We are continuing to send Milit