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some value off of the magnificent seven. they were already highly valued and use the phrase, price today perfection and things aren't going perfectly. there's a lot of world turmoil and they could certainly decline farther, particularly if we see increased middle east confrontation and other of these types that have been suggested with china could also create, you know, figurer fears and more volatility. we're not seeing widespread volatility across the u.s. markets, but certainly, i think everybody should be prepared for valuations to come down for the markets to come down, and to be more defensive and yes, i agree, i've been saying, look at gold. you know, take, you know, some of your riskier equity bets off the table and look at types of, like, short-term treasury inflation protected bonds in case we do get a second wave in 2015. neil: still have a ways to go

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warrants for spying on americans, and he put his thumb on the scale on that. today we're going to see the third betrayal,'s going to give up all of our leverage to get any security at the border because he's going to shove schumer's bill through the house. neil: would it be any different if he went? you only have such a republican majority, three, four, five seatsment that won't change. the reality of that math won't be altered. >> we're worried about 2025, 0 we want to keep the majority. here is the problem. mike johnson is giving americans no reason to put republicans back in the maj majority. he's the uni-party majority. people know he's a lame duck, he'll lose his seat sometime this year. even if you were going to change the rules and hang onto power and form a coalition with democrats, he can't win speakership next year and frankly shall the donors aren't inspired to talk to a speaker

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negotiator or you want what chuck schumer wants. in either case, mike johnson needs to go. neil: maybe you recognize the mathematical reality there's only so much you can demand when you don't have much backing, right? >> right, you need to demand something. he's demanded nothing. neil: all right, not a fan. well, i spoke to new york republican colleague of yours mike lawler on the show and this is the congressman earlier on, he's not a fan. >> this is a continuation of the crown show. now, when you look at the challenges facing our country, voters elected a house republican majority to govern, to serve as a check and balance on the biden administration. what is happening within our conference is undermining our ability to govern and hold this administration accountable. speaker johnson, like speaker mccarthy before him, is doing the right thing by putting

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convinced that inflation continues to fall back down. the good news, as you indicated, the economy continues to be strong, gdp growth is strong, consumer spending is strong and the labor market is strong. so, we're in a good position from which to take our time before we decide where to go with interest rates. neil: take your time until next year? >> well, i mean, potentially. i dialed in in march, i had dialed in two interest rate cuts this year, two 25-basis points cuts before some of the data we've seen. i'm in the view we need to wait and see. neil: all right, that echoes what i've heard from austan goolsby, much of the same thing hurry up and wait and wait for a while. if we get no rate cuts at all and market rates are backing up as they have been lately this year, what happens? >> well, i think again, wall street is going to be a bit disappointed. we've seen markets already move to more defensive measures

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age, remembers they were very higher. we were used to much lower rates and it's putting a chill on housing and we saw that in the housing data this week. are you worried? >> well, housing prices aren't going to come down soon if mortgage rates don't come down, neil. there's a shortage in the housing market of supply and that's really keeping prices higher, so, it's pushing out the capacity for new entrants to the market to buy a house and i'll disagree with erin. you have to have been defensive already. you don't want to start getting defensive when the market is spooked. you do that when the market is greedy. so, i think the put options i've been recommending on the s&p 500 and the triple q's, which is the technology sector have done remarkably well. gold is soaring and that's one of the defensive positions that i've been recommending. i like at this moment short duration treasuries, they're 5% yield on the two-year space. i think that's an attractive buy. i think the fed ultimately does cut.

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should be arrested and convicted as terrorists. i would remind you and our audience the first amendment does in the protect speech that incites imminent violence or lawlessness which some of the protesters have been engaging in. neil: general, i want to go back to israel and want your thoughts or what has gotten to be the sort of assessment, always dangerous, when that's accepted at face value. that israel's response was tactical, precise, surgical, sent a message to iran. not going to be any dust-ups, might be down the road with proxies, there has been for many, many years. the worst is over, that's the consensus building between those two countries, i'm not talking about israel's ongoing war with hamas. what do you think of that? >> neil, i think the israeli action this past week was a pretty well-crafted response. if we view it through a lens of deterrence, israel successfully

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resolution, they could vote immediately on killing or tabling the effort. democrats could protect johnson. at least three house republicans want a new speaker. green, ghost gosser of arizona and thomas massie from kentucky. neil: thank you. thomas massie is joining us now, and preferring to see the speaker leave, if he would resign, why? >> we would like to see him resign in the manner that john boehner did and give us a few weeks advanced notice and have a republican speaker in the chair and go about our business of investigations and hearings while we pick a speaker in our conference instead of letting that play out on the floor. why do we think he needs to go? he's about to commit his third betrayal today of the american public. the first was an omnibus bill that spent more than nancy pelosi, his second betrayal last week, reauthorizing fisa without letting us require

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these things. it's going to be all or nothing. it's going to be money to ukraine and gaza, if you want to send money to israel. neil: thomas massie, thank you very much. let us now how the relations are going and what your next step might or might not be. the kentucky republican who is no fan of the speaker wants him forced out. and a certain general who is watching this closely because when it comes to aid to countries like ukraine and certainly israel, he says it's in our best interest to make sure that they get it. he's next. ♪(relaxing music)♪ (♪) (♪) (♪) (♪) (♪) (♪) book in the hotels.com app to find your perfect somewhere.

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politics. try as i might to get him to try to talk politics, he never does. i gave up on that. and thank you general very much. you wrote an eloquent piece saying this is what's important and why it's important in the aid to the country. as you can see as it's playing out on capitol hill, not everyone agrees with you. why is it so important? >> well, neil, first of all, i think it's important to recognize that israel and ukraine are both engaged in fights that are directly tied to core u.s. interests and frankly, we need to do all we can to see that they prevail on those wars, if we don't, that will embolden our adversaries and dramatically increase the odds that america's sons and daughters will ultimately have to spill their blood. there comes a point where evil must be checke is that unfortunately, too many

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democrat in that seat because it, frankly, the majority relies on it and mike lawler got rid of george santos. mike johnson was part-- mike johnson did nothing to stop that effort and i think that's another reason that mike johnson needs to go. neil: when you told him to his face this, to your credit you didn't do something behind someone's back. to his face, i think you should go. how did that go? >> when i told him to his face, this was in front of our conference in a private meeting and i'd same the same thing more or less to mike johnson two weeks earlier. of course it didn't go well, he didn't think he should resign, he says he's not going to. that's what john boehner said up until the day he resigned and i'd like to see mike johnson do the honorable thing like john boehner did and not put us in the lurch. mike johnson is the only one

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