Transcripts For FOXNEWS Your World With Neil Cavuto 20240903

[ ] hello, everyone. It is Labour Day as the battle for the nations top job is playing out in Battleground States all over the country. And its all coming down to your green. Welcome back, everybody. Im Kn Neil Caveuto this is you world. The economy is still the Number One issue on voters minds. With 93 crucial electoral votes for grabs in 7 Battleground States. Which Money Message is going to make a difference for voters. We have Kelly Highman and sarah bedford. Thank you very much for being here. Sarah, i want to start from you. We heard a little bit, not too much, a little bit from Kamala Harris from what she represents and about her flipflopping on various issues. She says my values are the same. Issues changed a bit. My values are the same. I want to play a clip of what she told cnn and get the value rolling. My values have not changed. I mentioned a great new deal. I believed and worked on it that the Climate Crisis is real. It is an urgent matter. We should apply metrics that include holding ourselves to values around time. That value has not changed. That value has not changed. I spent two terms as the Attorney General of california prosecuting trans national organizations, violations of american laws regarding the illegal passage of guns, drugs and Human Beings across our border. My values have not changed. She keeps repeating that sarah. If your values changed on the issues, havent changed on the issue, how could your Policies Change . Heres fracking. She mentioned the green new deal in that interview. Fracking is forbidden. Now she says that shes weve heard her say in the past that, in fact, she was against fracking and assuming that she has not changed her values, how do you square those two things. You cant. You cant say that shifting the construction from a Border Wall is racist and offensive to saying you would complete the Border Wall as president and cast those as a reflection of a consistent set of values. I think that answer doesnt satisfy anyone. For democrats who want Kamala Harris to govern as a progressive, they hear that. They say youre taking positions, whatever appears to be politically expedient. For republicans they hear that and say, okay, youre still a progressive liberal at heart and you are not going to rule as a centerist youre pitching yourself to voters have. I dont think that answer satisfies anyone. Also lets keep in mind that she herself has not really outlined any of her new platform. This has all come from statements, nameless statements that her campaign released on background to reporters. Harris has not faced cameras and reporters and in her own words articulated where we stand. Voters dont think about this economy. 70 say its from poor to bad. The economy right now, thats affiliated, associated in their minds with bidenomics. Lets play a Sound Bite of that. Roll it. We are fighting to build a nation where every person, not just the wealthy or wellconnected have the opportunity to thrive. That all my friends here is called bidenomics. Bidenomics is working. If bidenomics brought us this economy. Thats a problem for kamala. 73 say the economy is not doing so well. We have to look at what the economy was doing when trump was in the office . We have to remember what the economy was like when trump was, in fact, the president and what he has planned for the future. Trumps project 2025 playbook says he would raise Taxes Neil i have to interrupt you here. That is not trumps project. Trump disavowed 2025. Trump lost more jobs as president than since herbert hoover. People watching this look this up and left us on the brink of a recession and gave massive Tax Cuts to the billionaires. He lowered the Tax Cuts of the big corporations. Theres stats on that. People can go and look that up. They didnt work for the american people. Donald trump worked for himself. Patrice, first of all, 65 of taxpayers, lets move to patrice, a Trump Tax cut. The rich did well. So did the middle class. Americans feel bad about the economy that Joe Biden has left him. How is that going to work out for kamala . Listen, theres a reason why Kamala Harris is saying she would not allow the 2017 Tax Cuts to expire. She recognizes that most people who receive a paycheque did get a Pay Cut from the 2017 Tax Cuts. Lets not forget the impact for small businesses aside from corporations. Its disingenuous to my other colleague on the panel to make that claim. People remember what the Trump Era was like economically when it came to low unemployment. They did not have inflation that hit a 9. 1 high in 2022. There is a massive excessive federal spending into the economy when the economy was recovering. Lets also not be disingenuous and pretend jobs werent returning and the Economy Wasnt reopen. It actually was. 14 Million jobs that the bidenHarris Administration claim were really just recovered jobs. Very disingenuous. The economy was on its upswing. All the excess pandemic money, that is exactly what stoked the fire of inflation. People recognized they were in a different financial position now. They credit bidenomics with the higher rent costs and the higher housing costs. I wish we had an inflation of this segment. We need more time. All of you get in more. We have run out of time. That 1,000 Point Selloff that the dow suffered a month ago, investors leaving it in the dust and rallying on hopes of a Rate Cut in september. Market pros and what you can expect for the rest of the year. Dreaming of a new adventure in your life, youre not alone. [ ] like the new Whirlpool Range with wipeclean coating that makes it easy to focus more on the cooking. And less on the mess. Shop lowes now for great Labor Day deals. Can your Pad Flex with you without shifting . Always flexfoam can. Its the only pad made with a flexible Foam Core with wings that fit securely for up to zero bunching and zero leaks. Can your pad do that . See what foam can do for you. Oh, why leaffilter . Its well designed, efficient, i appreciate that. Leaffilters technology keeps debris out of your gutters for good, guaranteed. What more could you ask for . Call 833. Leaf. Filter today, or visit leaffilter. Com. Strike hey ump you need your eyes checked yeah, things are getting fuzzy then go to americas best why . For a comprehensive, quality Eye Exam from a doctor . Yeah and it may cost less than your regular doc plus, americas best has one of the nations largest groups of optometrists Sounds Good it is ill go good Call Play Ball not your line. Get two pairs and an Eye Exam for 79. 95 at americas best. Because Eye Care is healthcare and you deserve the best. Fisher Investments at Fisher Investments we may look like other Money Managers, but were different. other Money Manager how so . Fisher Investments were a fiduciary, obligated to act in our client best interest. Fisher Investments so we dont sell any commissionbased products. other Money Manager then how do you make money . Fisher Investments we have a simple management fee, structured so we do better when our clients do better. other Money Manager your clients really come first then, huh . Fisher Investments yes. We make them a top priority, by getting to know their finances, family, health, lifestyle and more. other Money Manager wow, maybe we are different. Fisher Investments at Fisher Investments, were clearly different. Fed cuts, stocks soar. Investors banking on the federal reserve cutting interest rates. Its about 2 weeks away. If rates are trimmed, will that lead to another wave in this rally. Lets get the read from Money Gurus today. Great to see you. Thank you for being here. Havent stocks pretty much topped out annoy. They have already cooked in that Quarter Point Rate cut. Absolutely, the market is at 100 . People are counting on it. Its baked in. If you look at the history of the fed Rate Cuts, at the top of the market, we come down. The fact that theyre cutting is indicative that there is data that is problematic certainly on the labor side. Its not actually a good indicator were going to have a Pull Market coming forward. No way. Last week we saw a huge rise in the gdp. We got that 3 Number Cut coming in. A lot of people are skeptical particularly after that 813,000 jobs that just disappeared a couple of weeks ago. That makes people wary of the numbers. Do you believe in those strong Gdp Numbers . Are you skeptical . I think its really hard to believe in any of the data that were seeing right now. And the biggest problem is that the fed is making decisions whether to cut hold rates steady or even raise rates based on the numbers. I have never seen consecutive revisions as great as we have seen in this administration. Its almost shocking actually. The fact that the fed is relying on numbers is problematic. The fed is going to be maybe they dont cut in september. Maybe they cut only a quarter. We thought at the beginning of the year, we thought we were going to get five Rate Cuts. Here we are, its september. They still have not cut a Quarter Point this year. We have got an election come up. We cant ignore it. Kamala harris has already come out with her Price Gouging plan. That doesnt necessarily mean there will be Price Controls. A lot of people would say it leads to, even people on her side, even democrats came out and said this is a terrible plan. Price controls dont work. Is the market going to get skittish about that . The Market Controls are not a republic. Theyre socialistic, marxist and communistist. It does not work. Theres a ton of Market Manipulation with stimulus, monetary and fiscal policy. That is enough. You start having the Executive Branch come in and start sending Price Controls. Youre looking at the cost of food, the margins on restaurants, groceries, these are minimalistic. Barely stay in business. We have got a grocer that talks specifically. What about taxes . We know that the Trump Tax cuts are going to expire in 2025. The next president has to come up with a new regimen. If its trump, he might continue with what we have had. The corporate tax rates are going to go up about 30 . She may institute wealth taxes. What effect would all these hikes in taxes do to our economy . I have a bullish outlook on the market going into 2025 if trump wins the election in 2024. The futures were down huge. Everyone thought hillary was going to win. It did A Hundred Percent Reversal into the next day. If you bought the market on 2016 i did. I saw a Paul Crewman Column saying the markets were going to crash. Rev reverse barometer. I was right. There is one exception to what you two were saying. Markets tend to like divided governments. In the past, it has. Say there is a Trump Victory and the republicans take over the House Of Congress and the senate, might markets react negatively to that . I think the markets could react negatively to a lot. On the opposite of melissa here. Im bearish. We are in a Debt Cycle now at this point, david, we cant sustain with interest being one of our top four expenses, more expensive than the military now. This is not sustainable. This is a huge problem. The americans cant go on and act like its going to be normal. Its not normal. We have to deal with it. If trump wins, hes going to have to rebuild the economy. Ladies, thank you very much. Good to see you both. Kamala harris doubling down on his calls for cracking down on alleged Price Gouging, Grocery Store Ceo Stu Leonard Jr. Isnt buying into it. Donald trump pushes his No Tax on tip workers, are Restaurant Owners on board . Lord, you know whats on our hearts. You know where we struggle. You know where we need to be pushed. Help us give it all to you. The good, the bad. Help us turn to you in everything we do. Amen. I invite you to join me in more prayer on hallow, stay prayed up ya know, if you were cashbacking you could earn on everything with just one card. Chase freedom unlimited. So, if youre off the racking. Or crab cracking, youre cashbacking. Cashback on flapjacks, baby backs, or tacos at the taco shack. Nah, im working on my six pack. Switch to a King Suite or book a silent retreat. Silent retreat . Hold up yeeerp . I Cant Talk right now, im at a silent retreat. Cashback on everything you buy with Chase Freedom unlimited with no annual fee. How do you cashback . Chase. Make more of whats yours. Its pods biggest sale of the summer. Save up to 25 on moving and storage for a limited time. And see why pods has been trusted with over 6 Million moves. But dont wait, use Promo Code Big25 to save. Visit pods. Com today. For a limited time, subway just dropped the price of every footlong in the app to 6. 99. Wait, subway did what . 6. 99 footlongs . Yep says right here. 6. 99 for any footlong. Get this deal in the Subway App now before its too late. Im Jillian Turner from Fox News in washington. Happy Labour Day at home. First, we have this Special Report news break. President biden says israeli President Netanyahu is not doing enough to secure a hostage deal. Six more hostages including an american being brutally murdered amid the hands of hamas. No one is more committed to freeing the hostages than me, he said. No one will preach to me. President biden here at home hitting the Campaign Trail in a moment alongside Vice President harris in the Battle Groound State of pennsylvania. The pair visit pittsburgh. Harris Campaign Pushes for u. S. Steel to remain domestically owned. We will see you back here at 6 p. M. Eastern for Special Report. [ ] neil Kamala Harris upping the ante on her calls to fight alleged Price Gouging. Its something Richard Nixon tried in the early 1970s. Didnt work then. John taffer is telling Neil Cavuto it wont work now. The shrimp, the fisherman needs to keep his costs the same. Gas and Maintenance Cant go up. The processing plant. The Distributors Price Cant go up. Then the company that retails it cant go up. Then when a restaurant gets it, his Prices Cant go up. If anything loses control along the way, the guys on the Back End of the chain lose money. This is what we have seen last time. Landlords did not rent apartments. They would lose money on it. Unless you freeze every single cost of every business in the country, you cannot cap some of them. Of course, neil, if you were to do that, then our free Market Economy is gone. That is socialism. Enterpriseship disappears. My inability to Add Profits and Add Value to my customers. Make my service better to increase prices. Create better work environments. I cant do any of those things anymore once this is put into place. It freezes us where we are. I believe it stops any type of growth than we could ever have. Red lobster filed bankruptcy. Rubios in california filed bankruptcy. A company called Miracle Restaurant Group filed bankruptcy. I dont care company with 17 po popeyes. Q Q Q Q q quiznos is down to 300 restaurants. It will pull us out of where we are. The policies proposed are the exact opposite of that neil . If i could just add one more point, walgreens projected closing 2,700 stores in the next couple of years. What happens to local communities when they lose drugstores and restaurants and lose those jobs . This is far reaching. It isnt about the businesses. Its about the families and the people impacted by the loss of jobs and the loss of growth. Its a scary premise, neil. Neil my next guest knows what John Tapper is speaking of. Stu Leonard Jr. Wonderful to see you again my friend. Does tapper have it about right . Hey, david, you know what i just realized, youre a few months older than i am. My goodness. I dont know if i should be happy or sad. Just talking about the chain, if theres any kind of Price Controls on groceries, a terrible mistake, the Chain Reaction would be so terrible for our Supply Chain which we saw when that got screwed up during the pandemic, it affected lines. Wouldnt the same thing happen if there were Price Controls . David, first of all, our company i look at as a product of america. My father started with nothing, you know . We have built this business up. Its still a Family Business. We have 3,000 people working. A couple hundred thousand people a week coming through our stores. Whole foods did not exist when we opened. Costco wasnt around. Walmart didnt sell food. Target didnt sell food. We have been able to prosper and grow. We didnt have government regulation. Were on roller skates. I love what john said, your earlier guest here. We have got to keep improving, making it better for people to work here, being entrepreneurial looking for new ideas and new products, trying to bring our customers the best they can. So far, i dont think price real estates are going to stymy us if that came into effect. It ruins the whole chain of events that go from where something is grown to where it ends up on the shelf in the grocery store. There are so many layers in between the supply and the actual pickup by the customer. If you try Price Controls on every single one of those supplies. There will be no profit at all. People go out of business. That leads to the lines, the few stores that exist. David, you know what, i really dislike the Welcome back,<\/a> everybody. Im Kn Neil Caveuto this is you world. The economy is still the Number One issue on voters minds. With 93 crucial electoral votes for grabs in 7 Battleground States. Which Money Message is going to make a difference for voters. We have Kelly Highman and sarah bedford.<\/a> Thank you very much for being here. Sarah, i want to start from you. We heard a little bit, not too much, a little bit from Kamala Harris from what she represents and about her flipflopping on various issues. She says my values are the same. Issues changed a bit. My values are the same. I want to play a clip of what she told cnn and get the value rolling.<\/a> My values have not changed. I mentioned a great new deal. I believed and worked on it that the Climate Crisis is real. It is an urgent matter. We should apply metrics that include holding ourselves to values around time. That value has not changed. That value has not changed. I spent two terms as the Attorney General of california prosecuting trans national organizations, violations of american laws regarding the illegal passage of guns, drugs and Human Beings across our border. My values have not changed. She keeps repeating that sarah. If your values changed on the issues,<\/a> havent changed on the issue, how could your Policies Change . Heres fracking.<\/a> She mentioned the green new deal in that interview. Fracking is forbidden. Now she says that shes weve heard her say in the past that, in fact, she was against fracking and assuming that she has not changed her values, how do you square those two things. You cant. You cant say that shifting the construction from a Border Wall is racist and offensive to saying you would complete the Border Wall as president and cast those as a reflection of a consistent set of values. I think that answer doesnt satisfy anyone. For democrats who want Kamala Harris to govern as a progressive, they hear that. They say youre taking positions, whatever appears to be politically expedient. For republicans they hear that and say, okay, youre still a progressive liberal at heart and you are not going to rule as a centerist youre pitching yourself to voters have. I dont think that answer satisfies anyone.<\/a> Also lets keep in mind that she herself has not really outlined any of her new platform. This has all come from statements, nameless statements that her campaign released on background to reporters. Harris has not faced cameras and reporters and in her own words articulated where we stand. Voters dont think about this economy. 70 say its from poor to bad.<\/a> The economy right now, thats affiliated, associated in their minds with bidenomics. Lets play a Sound Bite of that. Roll it.<\/a> We are fighting to build a nation where every person, not just the wealthy or wellconnected have the opportunity to thrive. That all my friends here is called bidenomics. Bidenomics is working. If bidenomics brought us this economy. Thats a problem for kamala. 73 say the economy is not doing so well. We have to look at what the economy was doing when trump was in the office . We have to remember what the economy was like when trump was, in fact, the president and what he has planned for the future. Trumps project 2025 playbook says he would raise Taxes Neil i have to interrupt you here. That is not trumps project. Trump disavowed 2025. Trump lost more jobs as president than since herbert hoover.<\/a> People watching this look this up and left us on the brink of a recession and gave massive Tax Cuts to the billionaires. He lowered the Tax Cuts of the big corporations. Theres stats on that. People can go and look that up. They didnt work for the american people. Donald trump <\/a>worked for himself. Patrice, first of all, 65 of taxpayers, lets move to patrice, a Trump Tax cut. The rich did well. So did the middle class. Americans feel bad about the economy that Joe Biden has left him. How is that going to work out for kamala . Listen, theres a reason why Kamala Harris is saying she would not allow the 2017 Tax Cuts to expire. She recognizes that most people who receive a paycheque did get a Pay Cut from the 2017 Tax Cuts. Lets not forget the impact for small businesses aside from corporations. Its disingenuous to my other colleague on the panel to make that claim. People remember what the Trump Era was like economically when it came to low unemployment. They did not have inflation that hit a 9. 1 high in 2022. There is a massive excessive federal spending into the economy when the economy was recovering. Lets also not be disingenuous and pretend jobs werent returning and the Economy Wasnt reopen. It actually was. 14 Million jobs that the bidenHarris Administration claim were really just recovered jobs. Very disingenuous. The economy was on its upswing. All the excess pandemic money,<\/a> that is exactly what stoked the fire of inflation. People recognized they were in a different financial position now. They credit bidenomics with the higher rent costs and the higher housing costs.<\/a> I wish we had an inflation of this segment. We need more time. All of you get in more. We have run out of time. That 1,000 Point Selloff that the dow suffered a month ago, investors leaving it in the dust and rallying on hopes of a Rate Cut in september. Market pros <\/a>and what you can expect for the rest of the year. Dreaming of a new adventure in your life, youre not alone. [ ] like the new Whirlpool Range with wipeclean coating that makes it easy to focus more on the cooking. And less on the mess. Shop lowes now for great Labor Day deals. Can your Pad Flex with you without shifting . Always flexfoam <\/a>can. Its the only pad made with a flexible Foam Core with wings that fit securely for up to zero bunching and zero leaks. Can your pad do that . See what foam can do for you. Oh, why leaffilter . Its well designed, efficient, i appreciate that. Leaffilters technology <\/a>keeps debris out of your gutters for good, guaranteed. What more could you ask for . Call 833. Leaf. Filter today,<\/a> or visit leaffilter. Com. Strike hey ump you need your eyes checked yeah, things are getting fuzzy then go to americas best why . For a comprehensive, quality Eye Exam from a doctor . Yeah and it may cost less than your regular doc plus, americas best has one of the nations largest groups of optometrists Sounds Good it is ill go good Call Play Ball not your line. Get two pairs and an Eye Exam for 79. 95 at americas best. Because Eye Care is healthcare and you deserve the best. Fisher Investments at Fisher Investments we may look like other Money Managers, but were different. other Money Manager how so . Fisher Investments were a fiduciary, obligated to act in our client best interest. Fisher Investments so we dont sell any commissionbased products. other Money Manager then how do you make money . Fisher Investments we have a simple management fee, structured so we do better when our clients do better. other Money Manager your clients really come first then, huh . Fisher Investments yes. We make them a top priority, by getting to know their finances, family, health, lifestyle and more. other Money Manager wow, maybe we are different. Fisher Investments at Fisher Investments, were clearly different. Fed cuts,<\/a> stocks soar. Investors banking on the federal reserve cutting interest rates.<\/a> Its about 2 weeks away. If rates are trimmed, will that lead to another wave in this rally. Lets get the read from Money Gurus today.<\/a> Great to see you. Thank you for being here. Havent stocks pretty much topped out annoy. They have already cooked in that Quarter Point Rate cut. Absolutely, the market is at 100 . People are counting on it. Its baked in. If you look at the history of the fed Rate Cuts, at the top of the market, we come down. The fact that theyre cutting is indicative that there is data that is problematic certainly on the labor side.<\/a> Its not actually a good indicator were going to have a Pull Market coming forward. No way. Last week we saw a huge rise in the gdp. We got that 3 Number Cut coming in. A lot of people are skeptical particularly after that 813,000 jobs that just disappeared a couple of weeks ago. That makes people wary of the numbers. Do you believe in those strong Gdp Numbers . Are you skeptical . I think its really hard to believe in any of the data that were seeing right now. And the biggest problem is that the fed is making decisions whether to cut hold rates steady or even raise rates based on the numbers. I have never seen consecutive revisions as great as we have seen in this administration. Its almost shocking actually. The fact that the fed is relying on numbers is problematic. The fed is going to be maybe they dont cut in september. Maybe they cut only a quarter. We thought at the beginning of the year, we thought we were going to get five Rate Cuts. Here we are, its september. They still have not cut a Quarter Point this year. We have got an election come up. We cant ignore it. Kamala harris <\/a>has already come out with her Price Gouging plan. That doesnt necessarily mean there will be Price Controls. A lot of people would say it leads to, even people on her side, even democrats came out and said this is a terrible plan. Price controls <\/a>dont work. Is the market going to get skittish about that . The Market Controls are not a republic. Theyre socialistic, marxist and communistist. It does not work. Theres a ton of Market Manipulation with stimulus, monetary and fiscal policy. That is enough. You start having the Executive Branch come in and start sending Price Controls. Youre looking at the cost of food, the margins on restaurants, groceries, these are minimalistic. Barely stay in business. We have got a grocer that talks specifically. What about taxes . We know that the Trump Tax cuts <\/a>are going to expire in 2025. The next president has to come up with a new regimen. If its trump, he might continue with what we have had. The corporate tax rates are going to go up about 30 . She may institute wealth taxes.<\/a> What effect would all these hikes in taxes do to our economy . I have a bullish outlook on the market going into 2025 if trump wins the election in 2024. The futures were down huge. Everyone thought hillary was going to win. It did A Hundred Percent Reversal into the next day. If you bought the market on 2016 i did. I saw a Paul Crewman Column saying the markets were going to crash. Rev reverse barometer.<\/a> I was right. There is one exception to what you two were saying. Markets tend to like divided governments. In the past, it has. Say there is a Trump Victory and the republicans take over the House Of Congress and the senate, might markets react negatively to that . I think the markets could react negatively to a lot. On the opposite of melissa here. Im bearish. We are in a Debt Cycle now at this point, david, we cant sustain with interest being one of our top four expenses, more expensive than the military now. This is not sustainable. This is a huge problem. The americans cant go on and act like its going to be normal. Its not normal. We have to deal with it. If trump wins, hes going to have to rebuild the economy. Ladies, thank you very much. Good to see you both. Kamala harris <\/a>doubling down on his calls for cracking down on alleged Price Gouging, Grocery Store Ceo Stu Leonard Jr. Isnt buying into it. Donald trump <\/a>pushes his No Tax on tip workers,<\/a> are Restaurant Owners on board . Lord, you know whats on our hearts. You know where we struggle. You know where we need to be pushed. Help us give it all to you. The good, the bad. Help us turn to you in everything we do. Amen. I invite you to join me in more prayer on hallow, stay prayed up ya know, if you were cashbacking you could earn on everything with just one card. Chase freedom unlimited.<\/a> So, if youre off the racking. Or crab cracking,<\/a> youre cashbacking. Cashback on flapjacks,<\/a> baby backs,<\/a> or tacos at the taco shack.<\/a> Nah, im working on my six pack. Switch to a King Suite or book <\/a>a silent retreat. Silent retreat <\/a>. Hold up <\/a>yeeerp . I Cant Talk right now, im at a silent retreat. Cashback on everything you buy with Chase Freedom unlimited with no annual fee. How do you cashback . Chase. Make more of whats yours. Its pods biggest sale of the summer. Save up to 25 on moving and storage for a limited time. And see why pods has been trusted with over 6 Million moves. But dont wait, use Promo Code Big25 to save. Visit pods. Com today. For a limited time, subway just dropped the price of every footlong in the app to 6. 99. Wait, subway did what . 6. 99 footlongs . Yep says right here. 6. 99 for any footlong. Get this deal in the Subway App now before its too late. Im Jillian Turner from Fox News in washington. Happy Labour Day at home. First, we have this Special Report news break. President biden <\/a>says israeli President Netanyahu is not doing enough to secure a hostage deal.<\/a> Six more hostages including an american being brutally murdered amid the hands of hamas. No one <\/a>is more committed to freeing the hostages than me, he said. No one <\/a>will preach to me. President biden <\/a>here at home hitting the Campaign Trail in a moment alongside Vice President harris in the Battle Groound State of pennsylvania. The pair visit pittsburgh.<\/a> Harris Campaign Pushes for u. S. Steel to remain domestically owned. We will see you back here at 6 p. M. Eastern for Special Report. [ ] neil Kamala Harris upping the ante on her calls to fight alleged Price Gouging. Its something Richard Nixon tried in the early 1970s. Didnt work then. John taffer <\/a>is telling Neil Cavuto it wont work now. The shrimp, the fisherman needs to keep his costs the same. Gas and Maintenance Cant go up. The processing plant.<\/a> The Distributors Price Cant go up. Then the company that retails it cant go up. Then when a restaurant gets it, his Prices Cant go up. If anything loses control along the way, the guys on the Back End of the chain lose money. This is what we have seen last time. Landlords did not rent apartments. They would lose money on it. Unless you freeze every single cost of every business in the country, you cannot cap some of them. Of course, neil, if you were to do that, then our free Market Economy is gone. That is socialism. Enterpriseship disappears. My inability to Add Profits and Add Value to my customers. Make my service better to increase prices. Create better work environments. I cant do any of those things anymore once this is put into place. It freezes us where we are. I believe it stops any type of growth than we could ever have. Red lobster <\/a>filed bankruptcy. Rubios in california filed bankruptcy. A company called Miracle Restaurant Group filed bankruptcy. I dont care company with 17 po popeyes.<\/a> Q Q Q Q q quiznos is down to 300 restaurants. It will pull us out of where we are. The policies proposed are the exact opposite of that neil . If i could just add one more point, walgreens projected closing 2,700 stores in the next couple of years. What happens to local communities when they lose drugstores and restaurants and lose those jobs . This is far reaching. It isnt about the businesses. Its about the families and the people impacted by the loss of jobs and the loss of growth. Its a scary premise, neil. Neil my next guest knows what John Tapper is speaking of. Stu Leonard Jr. Wonderful to see you again my friend. Does tapper have it about right . Hey, david, you know what i just realized, youre a few months older than i am. My goodness. I dont know if i should be happy or sad. Just talking about the chain, if theres any kind of Price Controls on groceries, a terrible mistake, the Chain Reaction would be so terrible for our Supply Chain which we saw when that got screwed up during the pandemic, it affected lines. Wouldnt the same thing happen if there were Price Controls . David, first of all, our company i look at as a product of america. My father started with nothing, you know . We have built this business up.<\/a> Its still a Family Business. We have 3,000 people working. A couple hundred thousand people a week coming through our stores. Whole foods did not exist when we opened. Costco wasnt <\/a>around. Walmart didnt sell food. Target didnt sell food. We have been able to prosper and grow. We didnt have government regulation.<\/a> Were on roller skates.<\/a> I love what john said, your earlier guest here. We have got to keep improving, making it better for people to work here, being entrepreneurial looking for new ideas and new products, trying to bring our customers the best they can. So far, i dont think price real estates are going to stymy us if that came into effect. It ruins the whole chain of events that go from where something is grown to where it ends up on the shelf in the grocery store. There are so many layers in between the supply and the actual pickup by the customer. If you try Price Controls on every single one of those supplies. There will be no profit at all. People go out of business.<\/a> That leads to the lines, the few stores that exist. David, you know what, i really dislike the word gouging.<\/a> Normal conversation that i have and we have A Hundred suppliers, a lot of them are Family Businesses. My normal Phone Call with one of those people is theyre telling me, it cost more for fuel. Its costing more for property insurance. We have beautiful corn and watermelons and everything from florida. They have a hard time ensuring their places. Property insurance <\/a>has gone up. Labor is just rampant right now. Even at our company, we have got to raise our rate to attract really good people at Stu Leonard. The Phone Call is im just listening to Family Businesses telling me their prices have gone up. What am i supposed to do . If im capped at a price, im going to have to tell them, you have got to eat it, man. The Bottom Line is the Profit Margin for the Grocery Industry in general is 1. 6 . The Profit Margin for nvidia is 70 . For apple, its about 30 . Your Profit Margin is so squeezed already. How can they consider that to be gouging. If theyre worried about gouging, why arent they going against apple . You know what, i havent met any of these price gougers.<\/a> Were in the business.<\/a> A hundred <\/a>trailer loads a week. I havent met a gouger.<\/a> I would love to meet them. By the way, final quick question, do you customers believe that you guys are Price Gouging . No, no. I dont think so at all. Okay. Look, i would rather change the word from gauging to reflecting. Were reflecting a lot of price increases.<\/a> Im making a deal with a lot of the farmers and everything to eat a little bit of it. I will eat a little bit of it. Our Profit Margins are not going to be as good as they were last year. You do a wonderful job at what you do. I know your customers are a very loyal base. It wouldnt be Stu Leonard without your taomahawk. This is waiting for you. Come to the store. We will grill it up and taste it. This is what ranchers want to eat every time they come here. Its worth a special trip. Best to your family. A busy Holiday Travel Weekend is just about in the books. As you are heading home, you are watching a special Labour Day edition of your world. My name <\/a>is shannon. I will be out in the field and leading coverage for democracy 2024. Its something i pinch myself about all the time that i get to do this. It feels like such a privilege. We begin with the direction of the country under president biden. I feel a weight with it too. We are there ask the questions they want to answer. Heres why you should switch fo to duckduckgo on all your Devie Duckduckgo comes with a builtn engine,<\/a> like google, but its r and doesnt spy on your searchs and duckduckgo lets you browsel but it blocks cookies and creepy ads that follow youa and other companies.<\/a> And theres no catch. Its fre. We make money from ads, but they dont follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today.<\/a> Have you always had trouble losing weight and keeping it off . Same. Discover the power of wegovy. With wegovy, i lost 35 pounds. And some lost over 46 pounds. And im keeping the weight off. Wegovy helps you lose weight and keep it off. Im reducing my risk. Wegovy is the only fdaapproved Weightmanagement Medicine thats proven to reduce risk of major cardiovascular events in adults with known Heart Disease and with either obesity or overweight. Wegovy shouldnt be used with Semaglutide Or Glp1 medicines. Dont take wegovy if you or your family had medullary thyroid cancer,<\/a> multiple endocrine Neoplasia Syndrome Type 2, or if allergic to it. Stop wegovy <\/a>and get medical help right away if you get a Lump Or Swelling in your neck, severe stomach pain,<\/a> or an allergic reaction. Serious Side Effects may happen, including Pancreatitis And Gallbladder problems.<\/a> Wegovy may cause low Blood Sugar in people with diabetes, especially if you take medicines to treat diabetes. Tell your provider about Vision Problems or changes, or if you feel your Heart Racing while at rest. Depression or thoughts of suicide may occur. Call your provider right away if you have any mental changes. Common Side Effects like nausea, vomiting, and diarrhea may lead to dehydration, which may cause kidney problems.<\/a> With wegovy, im losing weight, im keeping it off. And im lowering my cv risk.<\/a> Thats the power of we. Check your Cost And Coverage before talking to your Health Care professional about wegovy. There are many ways to do things. At old dominion freight line,<\/a> we do them this way. This way has people who start early. People who care and inspire each other to do things the way they should be done. This way uses technology and goes the extra mile to deliver your promises ontime, every time. This way is why were the Number One national Ltl Carrier for quality. For us, this way is the right way which is why its the only way we go. My grandfathers run meyer the hatter for over 75 years now. Hes got so many Life Experiences that he can share. Finding the exact date on ancestry that our Family Business was founded, was special to share with my grandfather. You dont get that moment every day. Is the flyer Slowing Down, peeling back a little bit. I think so. I think there is year over year, were up. Were going to be up to 20, 40 customers. Our Unit Revenue is up year over year. That goes with being in different markets. Most people are down. Its a little bit of a challenging time. Capacity is coming down. Also the travellers, its a softening. That was breeze airways and former Jet Blue ceo jet neilman.<\/a><\/a> Despite a Labour Day travel surge,<\/a> its not Slowing Down at all. A lot of folks got travelling out of their system. We were all pent up during the pandemic. We were dying to travel. There was a huge burst of travelling that lasted a couple of years. Have you seen it kind of Slowing Down a little now . Interesting enough, i have. I have seen people picking out travel insurance.<\/a> This time of year, Cold And Flu season,<\/a> people are back in school, inclement weather disruptions. There are companies like med Jet Horizon that get you used to abroad. I have seen an uptick in insurance. Yes, i do Think Travel is Slowing Down a little bit. People are being more prepared about the way that they travel. And they are less inclined, i take it to go through all the rigamaroll at the airports . Yes. Tsa have their own numbers. I think in general post covid,<\/a> we are seeing there was a huge bump in travel. It seems to be dying down a little bit. Hybrid workplace <\/a>environments, you dont have time to take a week and a half off to travel. What about pricing . When there are more people looking for a travel bargain,<\/a> the prices go up. Supply and demand.<\/a> As the demand for travel begins to slow down a little bit. Are prices going to have to come down a little bit to attract more people . Well, it will be interesting to see as we head towards the holiday season.<\/a> Obviously right now as we go through Labour Day, people have already booked their trips if they were going away. Yes. We will see what the holidays do. I do think its going to be a little we could see a bit of a bump in prices as we head towards the holidays. Again, now, i live in New York which has a lot of activities that people come here for. This is not a natural environment.<\/a> People are beginning, i sense to explore the areas around where they live more than travel far different distances; is that right . Absolutely. I myself live in the New York area.<\/a> I did the same thing last year. Its going to depend on the weather. The weather has been interesting this past year. I think it depends on if we get snow, if we dont get snow. That will change peoples activities indefinitely. Francesco paige,<\/a> i hope you have safe travels. The rest of this year. Heres a tip. No tax <\/a>on tips with president ial candidates with both of them backing it. Are Restaurant Owners buying into it . A new survey revealing why some of your Phone Calls might not be getting through. Its not just you. It could be them as well. [ ] [ ] and less on the mess. Shop lowes now for great Labor Day deals. When did i call leaffilter . When i saw my gutters overflowing onto my porch. Leaffilter is a permanent gutter solution,<\/a> so, you never have to worry about costly damage from clogged gutters again. Its the easiest call you can make. Call 833. Leaf. Filter today,<\/a> or visit leaffilter. Com. This Kia Turbohybrid is built for all the things youve yet to do. Like taking a long drive. Just to throw a Monster Tailgate Party at an away game.<\/a> Brisket anyone <\/a>. Do whats yet to be done. The new kia carnival turbohybrid.<\/a> Heres why you should switch fo to duckduckgo on all your Devie Duckduckgo comes with a builtn engine,<\/a> like google, but its r and doesnt spy on your searchs and duckduckgo lets you browsel but it blocks cookies and creepy ads that follow youa and other companies.<\/a> And theres no catch. Its fre. We make money from ads, but they dont follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today.<\/a> behind every Splenda Product is a mission. Helping millions of people reduce sugar from their diets. Now try a sweetener grown by u. S. Farmers. Introducing zerocalorie Splenda Stevia. At Splenda Stevia farms, our plants are sweetened by sunshine. Experience how great Splenda Stevia can be. Grown on our farm, enjoyed at your table. a lot of your workers rely on tipping. Along comes Donald Trump. What will take the tax off those tips . How will that impact them, you, the restaurant . I think its a great thing for them. Its also good for the restaurant. For them, 75 of their income comes from tips. Were giving them effectively Donald Trump is giving them a raise. Praising the No Tax on tips plan pitched by former president trump.<\/a> It was adopted by vp harris.<\/a> How much of a difference would it make in the Restaurant Industry . Chef andrew <\/a>is here to weigh in. Thank you for being here. Youre talking to a former waiter. I made the extra money i needed. The tip was just about everything. You got paid about a dollar an hour. The owner expected you. We got into this thing where the owners were expected to pay minimum wage and then a little more than minimum wage and tips went down a little bit and then the irs came in and realized they could take a lot of the tips. I think this is a great plan. How about you. This is coming from two parties. Theres some substance to it. The Harris Administration hasnt <\/a>given much thought to this. She stated that this would be limited to anyone making under 75,000 a year. She indicated that the restaurants are still going to continue to pay Payroll Taxes on these tips. Trumps plan, the restaurant would not pay Payroll Taxes on the tips. The server would not have a limitation based on current income level.<\/a> Number one,<\/a> this is about putting money in the workers pockets. We hear over and over again how the Harris Administration is Pro Worker Pro Worker, youre getting a little bit cagey on how youre doing this. We have got to stop crushing businesses especially small business,<\/a> retail restaurants.<\/a> Payroll taxes <\/a>are making 25 to 30 of the taxes. If you cut that entirely on the tip side,<\/a> youre giving them 10, 20, 30, sometimes six figures more to their Bottom Line to bonus out workers and grow more business. Theres another thing that is really infuriating about the tips and taxing the tips. The irs came out with a new plan. It was called the tip reporting program.<\/a> What it essentially did was they tried to replace their irs workers with you guys. They wanted you to monitor your workers. You would be like Irs Agents. It would create this terrible antagonism between the employer and the employee. They would blame you if they had to pay taxes. The irs has the evil owner doing all of this. That would go away with the Trump Plan anyway. Thats a huge part of it. Some of it already exists. Its a gray area. Its incumbent on us as the business.<\/a> The restaurants also penalized by way of interest and penalties, et cetera.<\/a> The restaurant is held somewhat responsible. Were deputized as Irs Agents against our will. Its more lines, items and information than everybody has to learn. Thats from the service perspective,<\/a> providing a great product and running a really good business. Thats a terrific point. Its a deregulation program.<\/a> Regulation is a kind of a tax. The workers were taxed. The regulations were so onerous, it caused you to spend a lot more of your time and a lot more of your money. It was a tax on the worker and the employer to take that away would be a bonus. Go ahead. I feel as if were being vilified as businessowners and constantly targeted. Were working to create the necessary economy. Enough of this keynesian style of approach. Let us prime things. We will do it. Great, great opinions on this and terrific information. I was unaware of those little provisos. Thats significant. Andrew, great to see you. Thank you very much for being here. Appreciate it. When do you know when your day is ruined . Its before your 9 to 5 report on this. You might want to hide. [ ] [ ] i have Type 2 Diabetes, but i manage it well. Jardiance its a little pill with a big story to tell. I take oncedaily jardiance at each days staaart.<\/a> As time went on it was easy to seeee, im lowering my A1c Jardiance works twentyfour seven in your body to flush out some sugar. And for adults with Type 2 Diabetes and known Heart Disease, jardiance can lower the risk of cardiovascular death, too. Serious Side Effects may include ketoacidosis that may be fatal, dehydration that can lead to sudden worsening of kidney function,<\/a> and Genital Yeast or urinary tract infections.<\/a> A rare, lifethreatening bacterial infection in the skin of the perineum could occur. Stop taking jardiance <\/a>and call your doctor right away if you have symptoms of this infection, ketoacidosis, or an allergic reaction. You may have an increased risk for lower limb loss.<\/a> Call your doctor right away if you have symptoms of infection in your legs or feet. Taking jardiance with a Sulfonylurea Or Insulin may cause low Blood Sugar. Jardiance is really swell the little pill with a big story to tell do you ever feel like youre in a rut . Youre not alone. One in four americans say their life is a bit boring. A new survey revealing the average person dreams of new adventures four times a day. Can our panel relate to this . Ali, i want to start where you. I have got to say boy oh boy, i dont consider me to be special. Just my family alone, theres enough adventure in that for a lifetime. Every day is like a lifetime. What do you think . Yeah. I agree. Relax on the beach,<\/a> i dream of that constantly. Especially the really wealthy people that want to go to the bottom of the ocean.<\/a> Piece of aluminum or want to go to space. I cannot relate to that at all. I like the nice relaxing things. I cant take the space trips.<\/a> Mount everest.<\/a> I dont know whos dreaming about those kinds of things. Its not me. It depends on what your concept of adventure is. For me, it could be as simple as going upstate for the weekend. People want to get away from normal life. Real life is not that fun right now. The cost of everything is going through the roof. You have to buy a house. You cant rent a house. I dont think that we should begrudge people wanting to get away even if theyre doing it in their heads. Sometimes i dream of doing it on a beach. Sometimes i dream of a spa for the day. The adventure would get me away from the insanity that is our day to day lives. If you really feel your life is that boring just change it, go to a radical change unless you have kids that you have got to take care of and so forth. Move to australia or something like that . Yeah. Some people dont care about responsibility. Biden is living the dream. Hes on his fourth vacation this month, i think. Hes probably up to that. All right. Lets move on. Hung up <\/a>on picking up the phone. Charlie, what about you . Can you relate to that one . I cannot remember the last time i picked up a Phone Call. A large part of that is to do with the fact that i havent had a landline in my home for years. Im just not used to picking up the phone. I remember the days of mtv cribs.<\/a> All of those celebrities would show off their homes. I Cant Think of anything worse. Plus add in the Spam Calls that come to your phone. You dont want to answer anything until you know its a necessity that you pick up. I have a landline. Its just force of habit. I have had it for so long. I worry because i live in New York. We all worry about 9 11. Its good to have one hard line. Do you have it in your bathroom like the cribs guys . Im with charlie, i havent had a landline in a long time. The calls are from pollsters and someone collecting student debt.<\/a> Its the worst. Theyre Phone Calls that you dont want to take. You get them on your phone as well. You cant escape it. Its crazy right now. Whats that, charlie . Theres a screen. It shows you the number. It says potential swam. That gives you a bit of a filter to avoid insanely irritating calls you get from spam. I get it when im watching television. Its all from the same serving. I get little reminders. About 90 of the Phone Calls say spam risk.<\/a> I dont worry about them at all. When does a bad morning become a bad day . The average person knows their day is ruined by 8 36 a. M. Is it really this early you find out . That is such a specific time by the way. It is. 36. What a strange time . I live in New York. Nothing can be determined. You get dripped on by Something God knows what that is. You see Someone Peeing in the subway. 8 36 is way too early. I dont know. Charlie, i have had bad beginning i have had a bad beginning of days that turn out to be good days, and the opposite, as well, but there does seem to be this combination of bad events, or combination of good events, that starts pretty early in the day. Do you sense that at all . Yeah, i think you can definitely set the tone for your day before youve stepped foot outside your home, right . Maybe you made a particularly great cup of coffee, maybe you put some makeup on that made you look absolutely sensational, maybe your dog didnt pee on the floor, not speaking from personal experience bids i agree with alli. There are so many outside factors outside your front door and certainly beyond 8 36 a. M. What if you think you are having a great day and turn up to the office and you discover that your boss is in a foul mood. That could very quickly take my day from being great to being grim. I think 8 36 a. M. Is too early to tell. Can i just risk offending the atheists out there. I do recommend prayer, alli. If you say a couple of prayers in the morning, ive done it, it does seem to help. I dont know about you. I think anything, any putting out of goodwill into the atmosphere helps, for sure. I would say i agree. Ladies, great to see you. Thank you for coming in on a holiday, really appreciate it, and thank you all for joining us. We appreciate you being here. Enjoy the rest of your long weekend. The five starts in a moment. Jesse hello, everybody, pure im Jesse Watters along","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia801703.us.archive.org\/3\/items\/FOXNEWSW_20240902_200000_Your_World_With_Neil_Cavuto\/FOXNEWSW_20240902_200000_Your_World_With_Neil_Cavuto.thumbs\/FOXNEWSW_20240902_200000_Your_World_With_Neil_Cavuto_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240903T12:35:10+00:00"}