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America Reports

certainly will be up for debate. candidates expected to be pressed on everything from pocket book issues to foreign policy. >> sandra: fox team coverage kicks off with marc thiessen on what americans will be watching for tonight. >> john: first to alexis mcadams, live in milwaukee and the candidates are already taking some shots at each other. alexis. >> good afternoon, john and sandra. that's right, and we are in a hot and steamy milwaukee, all the candidates are ready to get up on the debate stage. we could probably see some fireworks, we have seen some punches thrown on the ground. we checked in a short time ago with governor ron desantis campaign, one reason he is targeted on the debate stage, they plan to see that happen and that he's been really targeted leading up to this. they say it's because he is the main candidate that everyone is afraid of. listen. >> and yeah, everybody is going to try to take a shot at the top guy on the stage. i've seen him on the trail, he does exceptionally well when he

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>> every economic measure out there shows that you know, we are not going into recession. we are roaring back into the future on this economic message. >> a lot of the voters we have talked to here tell us they have not made up their minds yet on who they are going to vote for. they to be persuaded. so, john, whoever makes the most compelling case on the pocket book issues could stand out, not only on the debate stage but also against president biden and bidenomics. >> john: biden not too popular on the economy, lots of room for debate there. grady trimble, thank you, grady. >> sandra: existing home sales dropping for the fourth time in five months. high mortgage rates, low inventory are making it a real challenge especially for first time home buyers that affordability is going down. the forbes headline puts it like this, housing market affordability is worse now than

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he's just saying it was referred to the delaware u.s. attorney. i have no problem that they referred that and let's see what the delaware u.s. attorney investigation concludes. i guess the question is why don't we just as a country have confidence in a trump appointee, and his findings to the country. >> john: are you saying then, the oversight committee has no role here, is that what you are saying? >> i rather the oversight committee be focused how we lower prices for americans, how we actually improve the lives for americans economically, that's what they should be focused on. we have someone in the delaware investigation who is a trump appointee who i have confidence in and i think a lot of my republican colleagues, i have not heard them say they don't have confidence in the delaware u.s. attorney, why don't we focus on our job of helping the american people with the pocket book issues. >> john: quickly, if the

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i want to come here and deliver results. you seemed to indicate at the top that you believe you can walk and chew gum at the same time. >> the good news is we have a lot of different kinds of committees in congress and members of congress come in with different platforms. they ran on different agendas, we did not all run on the same thing although we had an overarching agenda that talked about the pocket book issues, accountability side that committees focus on. so if you have an interest in energy, natural resource committee, very busy bringing out a robust energy policy so we can show the country how we can get our economy back on track and not be dependent on foreign countries for our energy and it will reduce energy costs. a lot of members ran on the border crisis and we have committees like judiciary that focus intensely and homeland security that focus intensely on

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neil: thank you, greg, be safe, my friend. greg palkot in ukraine. in the meantime, they call him the pastor president because he's talked to and known so many, but it's one in particular that stands out and the extended family. i'm talking about reverend to cut across political parties and nastiness and, yeah, even rival presidents who marvelled at his words. remembering george and barbara bush, but going way beyond george and barbara bush after this. inflation's eating into everyone's budget, but if you're a veteran and own your home, you've got a big leg up. it's your va home loan benefit. it lets you borrow up to a full 100% of your home's value. with home values near record highs, the newday 100 va loan can get you an average of $60,000. and you can lower your payments by $600 a month. pay down your high-rate credit card debt, personal loans, car loans.

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there was no sense of biden triangulating at all here and that's one reason when, you know, we talk about the inflation issue, if biden keeps spending money the way he's been doing the last couple of years, i'm not so sure that inflation is going to go away. neil: all right. you might be right about that. i know we're showing a lot of negative numbers, but on the week, the major averages, smartly as the week before. the dow up 4%, and s&p 500 more than 6% and nasdaq 8%. and as you know, danielle, it was built on the surprising inflation report thinking it's as bad, but not as bad and they're clinging to that in the hope that maybe the federal reserve will cool it on both the number and the size of the rate hikes. did they get ahead of their skis? what do you think? >> yeah, i'm calling what happened this last week the recession celebration. so we've seen the layoff numbers pick up earnestly. we've seen layoff announcements

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dixie, i don't know. that's why they feel there's no reason for the president to change his posture and think we're coming out of this. what do you think of that? >> well, it would have been nice to either cut spending significantly or raise taxes to help the fed. that didn't happen. so we kind of extended the inflation, it kind of got worse than it would, but at this point since there's not going to be new meaningful spending, i don't think there was going to be new meaningful spending even with the old congress because they were getting limits how much they could spend from their own party and it's all the fed at this point and investors are excited because they think with inflation coming down, even slightly. we're not going to get to 9% mortgages and 7% t-bills and that's probably a good bet. i don't know if that makes stocks down only 20% now, 30% tech stocks, maybe 15 for the-- or less than 10 for the dow. it's actually been a pretty good year for value stocks. neil: you're right. >> it doesn't warrant an economic boom either just because inflation's only 6 or

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early votes that we had those were pre-scanned and you just had to press the tabulation button and we could upload quickly and we showed we got the job done. neil: you did, indeed. secretary, i don't want to put you in the political corner, but remiss if i didn't get your thoughts on donald trump maybe announcing another presidential run next week. what do you think of that? >> well, i think at the end of the day if you look at the past results we just had that leader mcconnell was right, that candidate quality is very important and we have good candidates they win big and the other thing i think people are looking for character, character is job one in this job and i think we're looking for competence and we've shown getting our results posted so quickly that people are looking for government that works for them, not for some politician, but they want it to work for them and that's what people are saying, hey, i'm hurting here, pocket book issues, inflation, got gas, what are you going to do for me and what people need to focus on, what are we going to do about the people.

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7% and not headed to double digits like in other parts of the world. realistically, i think that invests would prefer a slow decline in inflation, 3, 4, maybe years to get back to 2 and then a rapid unwinding of an economy back to 0% inflation and the fed having to go into stimulus mode again. i think a little inflation, a slow roll down hopefully works to everyone's advantage, including invests in stocks ab bonds, down even as much or even for that to happen. neil: the yes or no question, we're through the worst of inflation, still bad, i think you touched on that, steve. are we through the worst of it? >> no, and that's because the spending that was authorized last year through the end-- inflation acceleration and other spending bills, that's going to happen into 2023. we need to be cutting government spending now not raising it. neil: more to come. danielle, what do you think? >> i think we're past the worst

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for the month of november as early as we are into the month, actually, exceed that of september and october combined. and i find it to be a little ironic that the markets are celebrating so much the fact that inflation is coming down, simply because as steve was just talking about, we have a divided government. there's probably less of a chance of more stimulus packages being passed by congress, and if inflation comes down against the back drop of rising unemployment, well, then that's not that much of a reason, if you ask me, given what we also saw in the bond market for celebration right now. neil: i've talked to a lot of the administration economic people, jonas, who are con convinced the president doesn't have a pivot and they see the reduction of inflation and all of this stuff appearing now, that we're off our worst inflation levels and that things will get better. now, they might be whistling

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