Transcripts For FBC Mornings With Maria Bartiromo 20240713

Barisma. Officials to crack down on curfews as city struggles with unrest. Weve got the very latest, mornings with maria begins right now. Joining the conversation dagen mcdowell, columnist for the hill and liz peek and real clear politics, great to see everybody here this morning. [laughter] dagen go. Maria pretty good firmer tone this morning for future after 2 days of having losses, dow, s p 500, nasdaq seeing steepest 2day decline since august and the day before, trading growth concerns weigh on investors, i just want to point out that i know manufacturing is a major issue here in terms of the weakening, lets not underestimate the power of boeing and tollback and production of the jet, the max yet because of its issues in terms of its influence on the manufacturing slowdown, so i just dont want i mean, i look at these numbers, i see the manufacturing is slowing, i get that, but boeing was a big part of that. Im sorry . And gm strike. Thats also had an impact on this. Maria i spoke with ceo of manufacturing yesterday, maria, everything is going really well, manufacturing from my standpoint hasnt slowed down the way markets are portraying it, what do you think . Dagen i mention gm and boeing issue yesterday morning, pointing that out, this might be a little bit more dramatic because, again, the index came in pretty close to what would be indicater of a recession, maybe its not as bad, manufacturing has been slowing, business spending has been dipping, this may be exacerbated those worries, maybe not as bad but its still weak and theres a story in the journal today from greg saying that the World Economy is pulling the u. S. Down, we might be we can only be an eye land of growth for so long with the weakness in germany, with the weakness in china intensifying there. So these are its a combination of things, weakness around the world, we have the trade fight here and we do have certain sectors of the economy that are struggling. Maria 800 points in 2 days might suggest that its worse off in the u. S. Than it actually is. Dagen just really quickly, the 52week performance of all major markets indicators is negative, even though the markets are up a lot this year, the stock is down slightly from one year ago and what has made you money, longerterm treasuries, that longterm etf for treasuries. Amazing. Dagen incredible, thats the backdrop that we are looking at. Maria down but still not far from alltime record high. I think a lot of yesterdays commentary was about manufacturing, the role of the economy, et cetera, we all know now, purchasing Managers Index for the Services Sector, thats going to be something to watch, an awful lot of people, if that goes lower than 50 indicating contraction, then you have a problem, but the way the United States slapped tariffs overnight because of the boeing decision by the wto and did not respond aggressively, european markets were up a little bit and some stocks did better because of that. Maria president tweeted about wto decision, the United States one 7 and a half billion dollar rewarded from the World Trade Organization against European Union who has treated the United States badly. Of course, enabled the administration to put tariffs on on things like french wine and dairy among other things. He mentioned that his press conference, the big win from wto, tariff man gets what he wants, he loves to use tariffs as a tool in hi tool box to influence trade deals. Maria President Trump tweeting and impeachment inquiry, all of the impeachment inquiry bringing markets down. Watch this. Any effort by the secretary, by the president or anyone else to interfere with the congress ability to call before a relevant will be considered as obstruction. Unworthy of the constitution of the United States to do what he did that, he said its perfect, no its not perfect, its wrong. The adam schiff, he made up my conversation, he actually made it up, it should be criminal, treasonous, made it up, donothing democrats, they dont do any work, all they want to win reelection in 2020, they come up with impeachment nonsense. Maria meanwhile fox news has document shedding light on the ukraine controversy, the dismissed ukrainian prosecutor was forced to back off of the investigation of barisma you son hunter was on the board, your reaction to that, tom . Well, the impeachment beast has been unlearned and now both sides are racing to frame the narrative, the revelation of adam schiff having contact with the whistleblower, helping the whistleblower form the complaint and go back through igs office is huge news because adam schiff has been tv denying that he had anything to do with this and we find out thats not true and he helps trump as his team is trying to get impeachment footing, you saw trump, how aggressive he was against adam schiff, this is a hoax, this is a fraud, fits perfectively into the defensive narrative and astonishing actually that the what adam schiff was his folks were doing that and not telling the truth about it. Maria as soon as i saw the news yesterday that schiff had or his staff had met with the whistleblower and spoke to whistleblower after he said many times we have not spoken to the whistleblower, we would like to speak to the whistleblower and bratt me back to kavanaugh and Christine Blasey ford. Now any trump supporter is convinced that its a big lie and to your point, tom, to have adam schiff repeatedly claim they had no contact, boldface lie, i have to say, his credibility is zero and how nancy pelosi knowing that because she must have known this decide today put him as point person on this, investigation or impeachment inquiry, i cannot understand. She hand selected everybody on the Selection Committee that that was her doing and intelligence is running impeachment inquiry and not the House Judiciary Committee although they would be required to draw articles of impeachment and we keep bringing this up, but, again, if you want to do right by the American People and you think that there was an abuse of power, put it to a vote in front of the entire congress, again, that is your duty to not just the constitution but all voters in this country and it also raises an issue, Andy Mccarthy talked about it yesterday, an official, this is from bill mcgurns comment in the journal the other day, official impeachment proceeding comes with powers that allows congress to compel documents, a president might otherwise withhold from normal oversight, when you dont have a full vote, it now basically leaves it up to the committee to exercise these daunting powers and its the speaker say so, we are in new territory. I want to reiterate, the boldface lie that is weve seen over the last couple of years for 2 years adam schiff said that he had, quote, direct evidence, quote, ample evidence, quote, significant evidence that President Trump colluded with the russians, he said that repeatedly in the last 3 years, the other day he came out and he said, the president did something wrong on the ukraine call, then he said he never spoke to whistleblower, i mean, they just keep stacking up the, you know, white lies or whatever you want to call them from adam schiff. Dagen adam schiff said after the Mueller Report was delivered and after the summary maria still had evidence in plain sight of russia collusion with the trump campaign. Maria he has not been pushed by anybody on where this evidence is in plain sight, he wont weve called him many times to come on sunday morning futures on fox news, we are Getting Started this morning, health and Human Services alex azar is here on President Trumps medicare plan, Peter Navarro on markets, impeachment and the latest tariffs on europe, former ey global chairman is here on Fourth Quarter and goalen boy promotions oscar de la hoya on big business of golfing, dont miss a moment of it, we are looking at hong kong, no signs of letting up. Emergency powers against protestors, we have the very latest coming out of hong kong this morning. Retail ice age, kroger and bed, bath beyond. Heres performance that just leaves you feeling better as a result. Thats the kind lincolns about. For farmers here, this is our lifes work. But when a recall happens, perfectly good food goes to waste. Now, weve got away around that. Looks good. Were on target. Blockchain on the ibm cloud helps pinpoint a problem anywhere from farm to shelf. Its used by some of the biggest retailers everywhere. A nice wedge. So more food ends up on your table, is that daddys lettuce . Yeah. And less food goes to waste. Maria welcome back, latest to invoke Emergency Powers to deal with hong kong protests. Cheryl it is coming from china, a report in the journal that was released a couple of hours, the government according to journal evoke Emergency Powers, this will happen for the first time in more than 50 years there, lawmakers would start by banning people from wearing a mask, chief executive lam to discuss the idea, police have been urging the city to encourage curfews and tough measures on the protestors, teenager shot in the chest by police has been charged with rioting and attacking police. All right, at least 22 soldiers injured during Training Exercise in military base in mississippi. The soldiers were blown into trees during parachute jump, no one luckily hurt in this accident. Grocery store chain kroger is laying off hundreds of employee this is week after executives cast out on the companys ability to hit their profit target and its not going to be a happy new year for employees of bed, bath beyond. Usa today reporting that the retailer will shut about 60 Stores Across the country, 20 more, maria, than they had estimated, we talked about ai and automation, but still the brick and mortar companies, at the end of the day they are struggling. Maria you have to have a digital platform. I know some of this is about bifurcated market being the Mall Companies are not doing well and onlines are doing better but how much of this is also slowing economy, do you think . I think bed, bath beyond, if management has gone to the stores, they are selling like gummy bears and cheap sheets. Part of it is a food, and part of, you know, drugstore and they are selling Bath Products like soaps and then towels. Maria i like bed, bath beyond. Dagen you have to give me a reason to go in the store and better job delivering online than say brooklyn, its a niche operator and the quality of their products is phenomenal. Maria that enables it to charge lower prices. Dagen again, you have to compete online with the quality and the price point and you go in and its difficult to find what youre looking for and its a big casserole of youre raising the point that essential ingredient for retailers, you can be brick and mortar as long as you are effective online. You to give walmart a lot of credit, everyone wrote them off 5 years, they cant compete with amazon. Dagen not this show. Not this show because, again, i think walmart is one of the big kind of Success Stories that you saw very early on in this program. Maria for sure, when we come back, a powerful moment of forgiveness to show you, a mans whose brother and killed actually hug it is woman convicted of the murder, touching moments coming up happening in dallas yesterday, tesla troubles, deliveries coming up short, investors confidence stock was down 4 and a half percent. It is down 4 and a half percent in premarket, we will take a look at that when we come right back. A modern approach to wealth management. But you dont feel good. With polycythemia vera, pv, symptoms can change so slowly over time you might not notice. But new or changing symptoms can mean your pv is changing. Lets change the way we see pv. You track and discuss blood counts with your doctor. But its just as vital to discuss changing symptoms as well. Take notice and take action. Discuss counts and symptoms with your doctor. Visit takeactionpv. Com Liberty Mutual customizes your car insurance, discuss counts and symptoms withhmm. Exactly. So you only pay for what you need. Nice. But, uh. Whats up with your. Partner . Not again. Limu thats your reflection. Only pay for what you need. Liberty, liberty, liberty, Liberty Maria welcome back, firmer tone, expecting higher opening for the markets, take a look, s p up 11, nasdaq up 36, stocks fell sharply yesterday for second session in a row amid worries of potential slowdown in Economic Growth and u. S. Manufacturing, of course, the dow down about 840 points just in last 2 days alone, joining us president and founder mark avalon, mark, good to see you this morning. Good to be here. Maria what do you want to do after market comes off of selloff, do you want to look for value or do you want to step away and think, okay, the volatility isnt over just yet . The volatility is not over just yet, we are looking at uncertain trade discussion, thats issue number one for the markets, we also have the economic numbers and slowdown in labor market, europes numbers and then global instability whether its in hong kong, hard brexit, too many factors right now to back the truck up for stocks. Maria we have the september job report tomorrow, i want to ask everybody here as well as you, mark, when are you going the see pullback and managers expectation in terms of hiring more people, adp came out showed that privatesector hiring is selling a bit, 135,000 jobs as the economy in the month of september, are you seeing a tighter and slower labor market, whats your prediction for tomorrows job report. I think its going to be reasonable but not 250,000 month over month, maybe 150 range and that reflects where we are, the economy is steady, not falling through the floor, no one predicting immediate recession, certainly not my perspective, i think we are looking at muddled picture, too much uncertainty, employers are not hiring, not investing and not putting cap x and thats why you see overhang in the number, its more of a wait and see market. Seems to me the big story, trillions of dollars in negative Interest Rates and i think thats weighing down europe, i dont think its helping growth there and for a year now weve looked at overseas economies basically weighing on the United States, what do you see in terms of turnaround, are you at all optimistic that they can breakthrough and begin to grow . What europe needs is Regulatory Reform and fiscal action. The problem is governments dont have enough money and resources to cut taxes with social promises, they are not quite as strong, in a strong position to do that, if lower rates were the answer, europe would be the leading the economic engine of the world and its also hurting their banks, its having a double effect, the layoffs, tens of thousands of layoffs in european Financial Sector is real, their inability to take risk and here at fed home if fed lowers rates, we will see muted response, thats not going to happen, the benefits of lower rates right now, are pushing on a string, we have seen most of the benefit of lower rates and now we have to see Economic Growth, policy certainty and Business Investment to take us to the next level. Mark, can i follow up on that, the one area where that has not participated in this growth period that we have been in is housing and i sort of hold out hope that in 2020 that they begin to participate, do you think thats off the mark or do you think that could happen. Refinance is putting money in peoples pockets, always a good thing, one of the subtle boosts with Strong Economy story, in terms of housing and investments, theres two factors, people remember 2008 crashes, people no longer look at houses as piggy bank and guarantied rate or increase, the second is buying habits have changed, millennials are no longer interested in the big moveup home, they are very content, urban living, real shift in purchasing tendency among consumers thats and one of the drivers thats slowing down housing market. Maria all right, we will be watching the markets, you are on the side or seller then, mark, we will watch this, thanks so much. Good to be here. Mark avalon, full coverage of the september jobs report 8 00 a. M. Eastern, all hands on deck as we identify where the jobs are today in this economy. Stay with us on that first up Bernie Sanders, 2020 contender hospitalized for chest pain yesterday, weve got the details on what happened there when we come right back, coming home, 3 astronauts touched this morning after trip to International Space station, we have the very latest after this. At synchrony, were changing whats possible every single day. But what does changing whats possible mean anyway . Well. If you run a business, it means a lot. For starters, we provide you with Financing Options for your customers. That way, you can help them buy the things they love instantly and pay over time. And that turns them into serious fans. Hang on, theres more. Want Customer Insights . Weve got those, too. We use data to show you what your shoppers have already bought so we can tell you what they might consider buying next. 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But its also great for finding the perfect used car. Youll see what a fair price is and you can connect with a truecar certified dealer. Now youre even smarter. This is truecar. Announcer fidelity is redefining value with zero account fees for brokerage accounts. And zero minimums to open an account. At fidelity those zeros really add up. Maybe ill win saved by zero maria welcome back, good thursday morning, thanks so much for joining, it is thursday october 3rd, top stories right now 6 31 a. M. On the east coast, rocky start to the Fourth Quarter, the futures this morning are looking to rebound after tough day yesterday, dow industrials right now up 96 points, s p up 12 and nasdaq up 37, of course, the Fourth Quarter kicked off this week as stocks were done, 140 points in 2 days, stocks sharp down yesterday and looming threats of economic downturn, the dow and s p on pace for worst quarterly start in a decade, dow industrials down, nasdaq was lower 123, just in the last few days the dow was down better than 800 points, investors keeping close eye this morning on the Manufacturing Index, of course, we will be covering it and in europe this morning, mixed performances, take a look at indices, cac quarante in paris is up 32, it is a index in germany down 2 or 3 quarters percent on dax index in germany as you can see. Worst performer overnight as hang seng was up a fraction, of course, we know that the Chinese Market is closed for golden week as country celebrates 70 years of communist rule. New record for tesla, auto maker delivering 70,000 vehicles in the first quarter, not enough to keep investors happy. Heading back home, 3 space station astronauts heading back home. Coming up they must be happy to be home, all the stories coming up this half an hour, top story Bernie Sanders health scare yesterday, 2020 democratic president ial candidate canceled all scheduled visits and events until further noticed as he recovers from heart procedure yesterday, campaign confirmed that he had two stints inserted for a block artery, sanders says hes feeling good and using the opportunity to push healthcare plan, he tweeted this, none of us know when a medical emergency would affect us and medicare for all, writes Bernie Sanders, joining us right now Family Medicine dr. Mikhail varshavski. Tell me about Bernie Sanders, what happened. A lot of information we dont know. Hes having chest discomfortable in campaign trail and rushed to hospital where they place two stints, cardiac catheterization. A mesh tube that we expand inside the artery to get rid of the blockage an keep the artery opening, this is essentially a plumbing problem, when the heart is not getting enough blood flow, shortness of breath, you have a heart attack and tissue actually dies, we dont know if he had a heart attack, generally you can recover quite quickly, i have patient that is go back to work the next day, this isnt for everybody, depends on rest of medical history, what medications hes taking but certain serious illness for someone who is 78 years old. Maria wow, all of us wish Bernie Sanders well, nobody wants to see that and this is a scary, scary thing. I think he attached medicare to all in the tweet. [laughter] dagen if you want to talk about medicare for all, he has gotten speedy quality care that he clearly got if we had a nationalized Health Insurance system in this country where you will have price controls and rationing and people again, like if you have a sore throat, how quickly it raises the issue of how quickly you would be seen by a doctor and the procedure would be formed if you have the government essentially running the Healthcare System. Ii want to add this, this brings age and we can talk about it openly and how old is too old for someone to be running for the presidency and this is not just Bernie Sanders, this is joe biden, Elizabeth Warren, President Trump is 73, sanders would be 83 years of age at the end of first term, who would be your running mate and this is something that the campaign has to address, who would be the vice president. Maria all candidates were wishing him well. Aoc was all over him on twitter, i was thinking, well, does she want to be his running mate, actually she probably wants to be the eta administrator in Elizabeth Warrens government or you know what don peebles tolder yesterday that she could be the mayor of new york, aoc. Wrap your head around that, liz. I cannot imagine a more downward special. How as a guest, weeks before hes back to full throttle . I dont want to speculate because i dont know how extensive the disease inside the heart actually was, it was two stints, it wasnt that extensive because if they would they would do bypass procedure, this is outpatienttype procedure, one stay at the hospital, he could technically get on campaign trail rather quickly. Dagen shouldnt have known this was a problem beforehand, if you had a stress test wouldnt they have detected this . Impossible to know. Maria how Serious Health issue for is for Bernie Sanders, we dont know the indication of why this happened, stints are placed every day and sometimes too often and become issue of concern for us r we doing procedures too often because what we have seen in certain instants and not in heart attack situations but in certain instances where you have stable chest pain, medical therapy, taking medications is equivalent and better in some cases going for cardiac, we dont know the reason outside of chest discomfort, i think as time goes on he will reveal more and we will be able to give a more definitive statement at the time. This is not good for his campaign. I find it fascinating, we have with Hillary Clinton and her Health Issues back in 2016. The way this is being described by the campaign and the press, chest discomfortable and not chest pain. He went in for emergency surge, right . Emergency procedure. Correct. , which is again, dagen is right, raises the issue of his health and in terms of the broad look at 2020 primary, its good news for Elizabeth Warren, she doesnt see it that way. Political reality that its a boost for her. Dagen might be a boost for joe biden, even though biden has had his own issues in terms of memory lapses and verbal fumbles and stumbles. Maria he has to deal with ukraine now. Dagen right. Rather than looking at the ideology that the voters tend to fall demographic lines and sanders votersers are more like biden voters and Elizabeth Warren voters are in terms of demographics, like Kamala Harris camp, i think nate did writing on that, very interesting. Maria dr. Mike, good to see you , mikhail varshavski. Former Police Department will get 10 years in prison for killing her neighbor. The way they played it out is emotional. Ambwestern amber guyger. I want the best for you because i know thats exactly what botham would like to do, can i give her a hug, please, guyger cried. Judge had tears in the eyes as well, guyger eligible for parole in 5 years, Homeland Security along with the department of justice is now preparing to expand dna testing of migrants detainees, new program would allow the program to collect dna samples for people who have illegally crossed the border. Intrusive form of surveillance. Tesla trading sharply lower in premarkets, the companys Third Quarter deliveries missed the streets expectation, tesla delivered record 97,000 vehicles but it was 2,000 short of analyst estimates, Elon Musk Company is under pressure to beat that number over the next 3 months in order to meet its full year target. And then theres this, astronauts on the International Space station, heading back to earth this month 3, crew members, including one american to land, they spent 203 days in space, traveled more than 80 million miles, their return leaves 6 people now, maria, on board the International Space station and we say, welcome home. Maria thats amazing, thank you, cheryl. Cheryl you bet. Maria pretty incredible, we were marveling at that. [laughter] maria coming up, dow plunged 800 plus points in first two days of the Fourth Quarter, whats worrying investors . We will take a look when we come back, miracle on the road, cop helped deliver baby, couldnt wait to make debut, thats in the case, stay with us. Every day, invesco combines ideas with technology, data with inspiration, investors with solutions. Because the possibilities of life and investing are greater when we come together. Fun fact 1 in 4 of us millennials have debt we might die with. And most of that debt is actually from credit cards. Its just not right. But with sofi, you can get your credit cards right by consolidating your Credit Card Debt into one monthly payment. You can get your Interest Rate right by locking in a fixed low rate today. And you can get your money right. With sofi. Check your rate in 2 minutes or less. Get a nofee personal loan up to 100k. Maria welcome back, headlines across america this morning, Chicago Tribune shows prosecutor admits contributing to campaign in 2016, former u. S. Attorney dan webb reveals in declaration in Cook County Criminal Court that he had no recollection of attending fundraiser or making donation, the manner was brought to his attention last week, fox apparently will not claim conflict of interest, reports this morning, bjc health care raise minimum hourly pay to 15, more than 3,500 employees will get the boost, mostly those who work in maintenance, transport, bjc health care largest employer in the area, miami herald, watch officer deliver baby girl on the road. Nothing routine of traffic stop, raising his pregnant wife to hospital. Watch this. You have to right to stop. The baby is coming up. Thats the reason why im coming pup r. Congratulations, you have a little girl. [laughter] maria springing into action delivering the baby within minutes, the relieved father base his side, what a nice story that is. I dont understand it. Dagen they dont, its the woman who does all the work. [laughter] maria good point. Dagen we have been doing this maria quick break. Impeachment inquiry, oscar de la hoya is here to talk boxing and push for breast awareness next when i lost my sight, my biggest fear was losing my independence. Mmm. Good. So ive spent my life developing technology to help the visually impaired. We are so good. We built a guide that uses ibm watson. To help the blind. It is already working in cities like tokyo. My dream is to help millions more people like me. It ito the wait didng frowe just winners. Prouders everyone uses their phone differently. Thats why Xfinity Mobile lets you design your own data. Now you can share it between lines. Mix with unlimited, and switch it up at anytime so you only pay for what you need. Its a different kind of Wireless Network designed to save you money. Save up to 400 a year on your wireless bill. Plus get 250 back when you buy an eligible phone. Call, click, or visit a store today. Ll sale on the sleep number 360 smart bed. You can adjust your comfort on both sides your sleep number setting. Can it help keep us asleep . Absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. And snoring . No problem. And done. So you can really promise better sleep . Not promise, prove. And now, the queen sleep number 360 c4 smart bed is only 1,399, save 300. Plus 0 interest for 24 months on all smart beds. Only for a limited time. Maria welcome back, we are on the big business of boxing this morning, initial talks already in the works, rematch of the century between boxing legends Manny Paquiao and floyd mayweather. Governments looking to host the mega events, joining us Golden Boy Promotions ceo oscar de la hoya, great to see you. Thank you so much. Maria is there a new renaissance going on in boxing . There is, there is, we are finally seeing all the major boxing events like the mayweatherpackios and Canelo Alvarez with gennady golovkin. Dagen we think of the passion for boxing in the 90s with holyfield and mike tyson, but you have the andy ruiz, jr. Rematch with anthony joshua. Which will take place in saudi arabia. Maria thats incredible. Dagen diante and tyson are supposed to meet in february for another rematch after controversial decision a couple of years ago. Exactly, we are seeing, boxing is back officially and so we are super excited especially with Canelo Alvarez being in the forefront of everything, hes the major star in boxing, hes the i mean, i dont want to say pay per view star because now its all about digital and that platform. Maria good point. Which is right now the best destination to watch bigtime boxing, you have the espn plus who is doing more than 50 fights a year, so its exciting times for the sport. Maria all of the distributors are doing it because the demand is there, people want to see it. Exactly. Maria youve seen the audience levels at every fight, getting bigger and bigger, right . Exactly, kids these days dont want to be told what to watch, when to watch it and where to watch it, so its all about their devices, its all about ott, its all about streaming the fights and giving them the best dagen oscar, do you think that the focus on brain injury of cte in football even in say nascar racing has put renewed focused on brain injury in boxing, has that hurt interest at all . It really hasnt hurt the interest, we do have excellent commissions all across the country who are doing an excellent job, you know, if a knockdown takes place they give you the 8 counts, theyre stopping fights maybe a little too prematurely these days just to be cautious and make sure everything is okay, but no, it hasnt affected the sport whatsoever. Is it personality driven . Is it like golf has to have tiger woods there, is that why youre back or it has something to do with it but also the fact that i will give you an example Canelo Alvarez who just just last year we were able to to strike a major deal with him and the zone where we made him the the richest athlete in the history of any sport. Maria wow. We were able to land 385 milliondollar contract through Golden Boy Promotions and the zone, so its its almost like a domino effect, these fighters are kind of stepping up their games, their personalities. Maria how do they protect themselves . The job is really i cant believe the way you take hits . Its you have to be born with it sometimes. I started fighting at 5 years old. Dagen not as bad as mma. Not as bad as mma but if you the little talent and you work on it, its like anything, you to work at your craft. Dagen also the andy ruiz, jr. Fight against aj, joshua, it was surprised defeat. It was. Dagen its that kind of, that kind of match that makes all the difference. Well, thats why thats why people boxing like combat sport so much because the element of surprise, whoever thought that andy ruiz, 6foot mexican heavy weight could beat joshua who is 6foot 8 weighing 260 points. Maria the people are paying up for it. Exactly. Is paquiaomayweather going to happen and whats hard putting a fight like this . I really do hope it happens, a lot of eyeballs in the sport, but its all economics, just percentages and you have to deal, they still deal with pay per view, deal with the networks, with the arena, circuits, a lot of money involved but theres also a lot of eagle involved which is a big problem. Maria youre an entrepreneur yourself, we want to talk about your other businesses, Main Partners of casa mexico tequila. Along side mario lopez who is a childhood friend and we are entering this business which is, i hear from George Clooney pretty lucrative. [laughter] maria billions and so how did you get into that and is there a new demand story around tequila . I think there is actually. Well, you take a look at the the major owners of tequila and you take a look at, for instance, Paul Mitchell who sold patron, billions of dollars. Dagen he founded it and it was 5 billion. Like 5 billion. So mario and thought, well, look, we are both mexican american, i was born here proudly obviously but with mexican roots and tequila is mexican, made in mexican tequila, why not carry on the tradition. Maria youre also giving back in a big way, new ambassador for american cancer society. Real men wear pink. Maria i love that. I love it, i really do. My mother passed away from Breast Cancer when i was 17 years old right before i won the gold medal in barcelona, she wasnt there to watch my success. This is in her honor, i i want o continue carrying the message and literally tell people, look, real men wear pink, its fine, and the cause is such a wonderful maria thank you. Plan to raise more than 11 million this year. Maria fantastic. Donate, everybody. Please. Maria oscar de la hoya, a pleasure, honor, good to see back. Theres the ampedup, overtuned, feedingfrenzyof sheetmetalkind. And then theres performance that just leaves you feeling better as a result. Thats the kind lincolns about. Each day our planet awakens but with opportunity comes risk. And to manage this risk, the world turns to cme group. We help farmers lock in future prices, banks manage Interest Rate changes and airlines hedge fuel costs. All so they can manage their risks and move forward. Its simply a matter of following the signs. They all lead here. Cme group how the world advances. Announcer fidelity is redefining value with zero account fees for brokerage accounts. And zero minimums to open an account. At fidelity those zeros really add up. Maybe ill win saved by zero maria welcome back. Good thursday morning, everybody. Thanks so much for joining us. I Maria Bartiromo. It is thursday, october 3rd. Your top stories right now. A rocky start to the Fourth Quarter, futures are rebounding this morning. Take a look. Dow industrials off of the highs of the morning. Nonetheless, up 40 points on the dow, s p up 5, nasdaq up 21. This on top of a sharply lower day yesterday. This a second straight session of heavy losses amid looming threats of an economic downturn. The dow and a s p 500 on pace for the worst quarterly start in a decade. Investors are keeping an eye on this mornings Economic Data. We have the ism nonManufacturing Index due out today. The ukraine controversy, new documents obtained by fox news show the former ukraine prosecutor claims he was forced to back off of an investigation into a firm tied to hunter biden. The future of healthcare, President Trump set to unveil his medicare plan today. The ceo of apple, tim cook, takes a stand against the Trump Administrations immigration policies why hes taking the fight to the Supreme Court. All those stories coming up this thursday morning. Our top story this hour, futures on the rebound this morning, dow industrials expected to be up at the start of trading. This is well off of the highs of the morning. We are losing steam fast this morning. The dow, s p and nasdaq saw the steepest two days losses since august in the last two days. A weaker than expected manufacturing report, the ism index, showing contraction earlier in the week. The u. S. Is set time pose tariffs on goods from the European Union. After the world trade oranizations airbus ruling, the president speaking out on the wto ruling this morning saying this, the u. S. Won a 7. 5 billion reward for the world trade oranization against the European Union who has treated the usa very badly on trade due to tariffs, trade barriers and more. This case going on for years, a nice vic you tri. Should point out that the issue for the world trade oranization was the subsidies that the government was giving to airbus and that was making an anticompetitive situation for boeing and u. S. Jet makers. Joining us right now is former ey global chairman and ceo, mark wineberger. Thank you for joining us. Let me get your take on the wto situation and the trade stance that the u. S. Has taken. Look, the u. S. Economys facing a lot of head winds. Were seeing Business Investment down. Were resting solely on Consumer Confidence at this point. This additional potential tariff would be like throwing the headwind into a hurricane. It is absolutely going to affect the margins for businesses, affect hiring and Business Investment. It could be a problem. Maria they go into effect october 18th, 10 levies on jetliners, 25 duties on other products like irish and scotch whiskeys, cheeses, hand tools, i guess french wine, its all going to be more expensive. The bigger issue here, maria, its really around china as well, the Business Community saw this as a tariff potential escalation for a resolution of the issue maybe a year down the road. Now its pretty clear, this is a real question of whether china and some other countries are allies or adversaries. Thats changing the supply calculations of a lot of companies. The more tariffs with more parts of the world, the wore well see this depressed Business Investment. Maria what was the u. S. Going to do, i mean, here you have airbus getting all these subsidies from the eu and boeing is not getting any subsidies. Thats where this wto award came out. Thats why the tariffs are going in place. I understand this. Maria it may give the president a good excuse. With all thats going on, all the tariffs about to kick in and this is a new trade war were going to have, it just seems like its ready to throw the economy to the side. Maria how do you think the economys going right now. Well, the fundamentals are pretty good. Its the geopolitical issues and policy issues coming out of washington that are hurting the investor confidence, the Business Confidence and well see today what they do in the Service Sector, the biggest part of the economy, what its doing there and well see what happens to jobs on friday. I think its starting to make a. Maria we said thats the reason cap ex is down. Dagen ill push back on this world trade oranization decision and the tariffs from the United States. This is a 15year fight. It didnt come out of nowhere, number one. And we were a authorized, the u. S. , authorized to impose tariffs up to 100 on 7. 5 billion. If its 10 to 25 duties, that seems a lot so man doesnt se the kind of shock that would be a Tipping Point for the u. S. Or World Economy. Theres another case against us coming and if its titfortat, it will be more pressure on the businesses to decide to slow down investment. The other side of the coin is we knew it was coming, its a 10yearold deal, do we have to impose tariffs right away. Could we work out something beforehand is another option. The comments from european investors was this a more restrained reaction than was expected. The market in germany sold off pretty dramatically. Theyve got bigger problems in europe than what were doing in response to a wto. Frankly, i think its great that we actually saw this case through. This is the biggest award ever from the wto. That says a great deal about how justified we were, the United States was, in bringing this case. Maria welcome news for boeing, ill tell you that much. Its been a tough road. Its not wrong that we need to challenge the situations. So were all on the same page here. The eu together is our biggest exporter, we export more there to anywhere else in the world. This will affect more exports that are already down. We have to recognize the consequence to this. Thats all. You mentioned washington, the policies. What are the policies coming out of washington that are hurting the economy . Right now, theres not much policies coming out. All were talking about is the impeachment procedure, the uncertainty from whether or not the mexico, canada trade deal will be signed. Those things are all things that hopefully will get done. How big of a boost do you think usmca would be for the economy . I think it would be a great certainty. Canada and mexico are our biggest trading partners. If we can get that deal passed it would be positive for job creation, it would show we copy vote to getting something done. Maria we talk about china, 500 l billion dollars deficit but actually the trade with canada and mexico is one and a quarter trillion dollars. Its more than double. We want to talk about the business roundtable. You are a member of the business roundtable. The group agreed businesses should make decisions with all stakeholders in mind, not shareholder profit alone. There are lawmakers speaking out ons this decision. I want to get your reaction. I spoke with congressman andy barr who had this to say. The decision in august to redefine the purpose of a corporation and elevate the concerns of steak holders above stakeholders above nose of shareholders represents a retreat from free enterprise, requiring a Public Company to focus on interest other than max maximizing shareholder value, it compromises the interest of employees, customers and the community. Simply put, a corporation cannot serve its customers ins crease wages for employees or improve communities unless it focuses on first and foremost maximizes shareholder value and you say . With all due respect to the congressman, you have 180 some of the biggest most successful Business Leaders in the world saying in order to get longterm value creation, we are and need to foes cuss on all of our stakeholders, our strategic assets are our business, are our communities, are our people, are our intangibles. Today, over 70 of the assets of a corporation is intangible, no longer manufacturing. A lot of these are services. They rely on the workforce in place, hiring the of best people, what the reputation and brand is in the communities. If Business Leaders dont focus on that, they will not have longterm value. All this says is that these Business Leaders are saying we need to focus on all those things. It will create longterm value. Maria when i saw it, i thought this was a bunch of pr. Because you were focusing on employees, were you foes cussing on the consistent focusing on the constituents in communities you work in. I mean, werent you . Thats a great point. The statement from 1990 didnt say any of that. Maria this is a renewed statement. Think about it this way. Youre right, today, the vast majority of healthcare for all workers and the majority for all americans is done through businesses. The vast majority of all rer tirement vehicles is created by businesses. All the reskilling of workers and training of workers is done by businesses. We do things right now maria youve done this. Its part of what we do as business across the board. But until we talk about that and show and are held accountable for doing that, no one understands that. Dagen the old rule is show, dont tell. Show me, you can show the world and you dont need to put out a mission statement, if you will. It seems like the language used in that statement seems like youre trying to businesses are trying to get ahead of a possible Elizabeth Warren administration. Because again, its using phrases like stakeholders and, again, turning your back on making profits for the shareholders who own the company. Maria theyre quaking in their boots about Elizabeth Warren right now. And trashed daily on the campaign trail, being called vultures, exploiters, et cetera. Maria Bernie Sanders called them Greedy Companies yesterday. The breath taking amount a of taxes being proposed today is im sure markets are putting belief in this, it will hit the markets at some point too. Its gotten hit by people on the right, gotten hit by people on the left. The ceos run their businesses like this every day. They should be Health Accountable for that held accountable for that. Theyre going to be held accountable. They want to b theyre putting that front and forward. Maria we have to talk about the tax situation. Theres a new report showing how much more Democratic Candidates would pay under their respective tax proposals. Joe biden, 95,000, more, Bernie Sanders, 21,000 more. Elizabeth warren, 41,000 more. And Kamala Harris, 58,000 more. But the big her issue is the fact that these candidates right here want to raise revenue by raising taxes on business. Give us the impact of taking the tax rate from 35 to 21 that we saw happen in the last two years. What if one of those get in power in 2020 and that goes back up, the Corporate Tax rate . It would be a hume problem. Maria and then the weld had tax. We wealth tax. We saw jobs go through the roof. We saw still seeing job increases. We saw wages go up. We saw r d investment go up. We saw additional bo bonuses pad by businesses. That would go away if the rates go back to the level they were. Weve the tax cut today, u. S. Corporations are taxeded in the middle at about 25 average rate allin state and local and federal. So bottom line, we want to remain competitive. Floss way you could increase those taxes. We talked a lot about these Companies Moving overseas. You havent heard about anybody going overseas since the tax bill went into place. Now the u. S. Is a good place to invest. Supply chains are moving here. Why would you want to undo that. The most egregious of the tax propose sals had to do with ceo pay and worker pay. Maria thats when the bernie calls the companies greedy. I thought that was shocking idea which would cost billions and billions of dollars to most corporations, you want to talk about that . I hope we dont talk about that. I know. Listen, were in a silly season now. Its election season. A lot of things are being thrown out there. You cant calculate the Median Income of wages, theres no way to do that, you have to find out a way to do that with people all around the world, compare it to the highest taxed ceo. It would hit the shareholders, wouldnt hit the ceo. These are right now i think theyre trying to tax more social security, capital gains, trying to tax wealth which could end up being 100 income tax on certain taxpayers if they have a wealth tax, even when youre not making money, they would take more and more of your wealth. Maria thats confiscation. Its constitutionally questionable. A ott loa lot of these issues it them trying to make political points. Dagen people dismiss it and say its just a political talking point and theyre trying to win gain steam in the primary and win the nomination. I think you have to take these people for their word. Maria they will do what they say theyre going to do. Its a great point. In all fairness, we have an income inequality issue. Capital owners are getting more wealthy and wages remain stagnant. The question is, do you tax more and take it from someone to give to somebody else or do you figure out other ways to deal with income inequality. Maria to create jobs. Both parties need to talk about this. Maria has it improved with wages moving up in the last couple years. Steve moore wrote in the journal the Median Income is going up and thats tightening the income inebbing equality gap. Weve seen the increase in wages. I dont think its been a meaningful change. Maria mark, its great to see you. Well be right back. After my dvt blood clot, i wondered. Could another come around the corner. Or could it play out differently . I wanted to help protect myself. My doctor recommended eliquis. Eliquis is proven to treat and help prevent another dvt or pe blood clot. Almost 98 of patients on eliquis didnt experience another. And eliquis has significantly less major bleeding than the standard treatment. Eliquis is fdaapproved and has both. Dont stop eliquis unless your doctor tells you to. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. If you had a spinal injection while on eliquis call your doctor right away if you have tingling numbness or muscle weakness. While taking eliquis, you may bruise more easily. And it may take longer than usual for bleeding to stop. Seek immediate medical care for sudden signs of bleeding like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planed medical or dental procedures. Whats around the corner could be your moment. Ask your doctor about eliquis. On a scale of one to five . One to five . Its more like five million. Theres everything from happy to extremely happy. Theres also angry. Im really angry clive actually, really angry. Thank you. But what if your business could understand what your customers are feeling. And then do something about it. Turn problems into opportunities. Thanks drone. Customers into fanatics change the whole experience. Alright who wants to go again . I do i do i have a really good feeling about this. Maria welcome back. Well, a bombshell in the white houses search for answers over joe biden and his sons dealings with ukraine. Fox obtained documents showing that the prosecutor at the center of the ukraine scandal said he was forced to stop his investigation. Griff jenkins is live washington with the details. Reporter were talking about gulianis interview with a former ukrainian prosecutor, a key player in the man biden bragged on camera about getting fired. Giuliansaidgiuliani said he was. From the notes he writes this, mr. Shokin attempted to continue the investigations but on or around june or july of 2015 the Us Ambassador told him the investigation has to be handled with white gloves which according to mr. Shokin that implied do nothing. He is no stranger to accusations of corruption himself but as we learned at the state Department Inspector general turned over the documents to congress yesterday, giuliani says shokin is willing to come to washington. He told me hes more than willing to come to america and testify before congress an point the finger at joe biden and his son and support what the president said today, theyre corrupt as sin. Reporter last night in reno joe biden defended himself with a message for the president. Let me make something clear to mr. Trump and the special interest funding hes attacked against me. Im not going any anywhere. [ cheering and applause ] youre not going to destroy me. Reporter meanwhile, the president continued his attack on the potential 2020 opponent. Look, biden and his son are stone cold crooked. His son walks out with millions of dollars. The kid knows nothing. You know it and so do we. Reporter no word on whether any of the three committees investigating will call sho k in across atlantic. Maria as always, great reporting. Griff jenkins this morning in washington. I have to say, this is the first time in a long time you really saw the president upset. I dont blame him. Maria he was mad yesterday and it came out. Maria, who wouldnt be mad . Maria youre right. Having people go after you inseeincessantly from the day yu were elected and this is really true and then lying about what youre doing and about the circumstances. Adam schiff, a lot of people dislike adam schiff because hes been dishonest about the russian collusion thing from day one but to have him come out numerous time on msnbc and other channels and say oh, no, the whistleblower was never in touch with our committee. Its a lie. At what point does that upset democrats. Maria the way he came out and a said he had ample and significant evidence in plain sight of collusion between trump and russia. What maddens me and i know our viewers and you guys know that ive been outraged the last couple years over this, they will not acknowledge the wrongdoing. We know what happened with the fisa abuse, we know what happened with the informants. Thats whats going to be interesting about this. Amid the impeachment debacle that will go on over the next weeks and months, youll have michael horowitz, the inspector generals report drop and john durhams report will drop at some point. Maria william barr is on the case. This is why theyre going out of their way to smear and taint barr now. They want those reports to be ignored by the media. Maria thats exactly right. Coming up, tim cookie cook is sounding off on immigration, the ceo of apple. Wahis stand on dreamers. Weve got that, next. You can get a satisfaction guarantee. You can also wonder why our competitors dont offer that. Schwab, a modern approach to wealth management. This is the family who wanted to connect. 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He signed an a executive order preventing their deportation which has the effect of keeping them here unlawfully. When President Trump came into office he said im not going to enforce the executive order and challenged it in court and a District Court judge invalidated and the fifth Circuit Court of appeals invalidated that and now that issues is before the Supreme Court. Whats before the Supreme Court is maria do you know how many people were talking about . Were talking about a few Million People, a few million human beings who are fully americanized. I actually agree with many of the arguments. My opinion means nothing. I think a lot of people will find similar pathetic sympathetic the arguments in the apple brief. Its unusual that a corporation would do this. Theyre not party to the litigation. In the case before the Supreme Court, which is an appeal of a fifth Circuit Decision saying president obamas executive order was wrong, a lot of people have weighed in and tim cook among them. Now, i can tell you, from having been on the bench, when people not in the case send you a brief, sometimes you find it interesting and you read it, other times you say ive got so much stuff to read through anyway, do i really care what this party not in the case thinks. Maria i see. Good point. I dont know if apple is going to tip the scales in the minds of any of the justices, its perfectly lawful what they did but it is unusual for a corporation, a wellknowpublicly traded corporation take sides in a legal dispute that has political ramifications. Maria i have a feeling this is the feeling of a lot of companies, not just apple. Yes. President obama did something out of the goodness of his heart. However, the congress rejected it and under our system, Congress Writes the laws, not the president. Thats President Trumps argument and that argument resonated with every court that has looked at this so far. I think president obama it because going up to the 2012 election, hispanics were beginning to accuse him of being the questiothe deporter in chiee not going to support you. No offense. I think it was a political gesture 57bd i and it was very. Remember what fdr said, good politics makes good government. It was a year or more before he did this that he said he couldnt do it, it was unconges unconstitutional. I cant predicts how this is going to go. It is on its face uns constitutional for the president to rewrite the law, specifically a law that congress expressly rejected. But your heart goes out to these young people who are fully americanized. In the case of apple, many of them work there. You cant tell a dreamer from a person that was born here. Maria of course not. Th. The boss is trying tp them out. Everybody wants to maria i blame congress. Look, they couldnt even fix the asylum rules. Exactly. Maria when we had massive people, lines and busloads of people trying to get into the u. S. And the daca situation has been on the books for a couple years now. Its also been on the table. Maria why cant they get anything done . Dagen theyre busy with impeachment now. Theres a line of cases which say if people base their lives and plan their lives on a view of the law, even if its erroneous, that ought not bees disturbed because enforcing the law will cause too much chaos. Thats basically tim cooks argument. Maria judge, thank you. Judge Andrew Napolitano. Faces consequences, another parent punished in the college add mentioadmission scandal, thy coming up. And alex azar is here to talk about the president s plan. Well talk about it after the break. Fly like an eagle. To the sea. Fly like an eagle. Let my spirit carry me. I want to fly like an eagle. Ake your hand. Granted. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Announcer fidelity is redefining value with zero account fees for brokerage accounts. And zero minimums to open an account. At fidelity those zeros really add up. Maybe ill win saved by zero maria welcome back. Good thursday morning, everybody. Thanks so much for joining us. Im Maria Bartiromo. It is thursday, october 3rd. Your top stories right now. Markets are higher this morning, well off of the highs of the morning. Futures indicating a gain of 40 points on the dow industrials, s p up 5, nasdaq up about 20 points. A little bit of stabilization after a rocky beginning to the Fourth Quarter. Stocks were down sharply yesterday for a second session in a row. Dow industrials down 838 points in just the last two days. The dow plummeted that much, 3 in a twoday period including yesterdays 300 plus selloff. Today we are waiting on the ism nonmanufacturing data, the Economic Data due out at 10 00 a. M. Eastern. Thats what got the most recent selloff started, weaker than expected news on manufacturing and we saw the ism report earlier this week show contraction. European indices this morning are mixed. Germany is closed fo for a holiy this morning. Cac is up 22. The german market, yesterday, with a triple digit decline. This morning germanys markets are closed. Asia overnight, take a look. Nikkei average was down as you see, 2 in japan. Taking a cue from the us. The others fractionally moving and the Chinese Markets are closed for the golden week holiday. Concerns over vaping this morning, a new study says toxic fuels are to blame for the recent rash of lung ailments. Well talk about that. Alex azar will join me next to discuss this. Plus, President Trumps medicare plan which he is expected to unveil this week. The College Admissions scandal as well, Lori Loughlins trial pushed back to next year and theres a Halloween Costume to match you have to see it to believe it. Thats coming up. The fastest of fast food well tell you which chain offers the quickest trip through the drivethrough. All those stories coming up. Our top story this half hour, President Trump is rolling out a medicare plan today where hes expected to sign a federal order, this as democratic rivals unveil sweeping plans to overhaul the Healthcare System the. Joining us right now is health and Human Services secretary, alex azar. Mr. Secretary, always a pleasure to see you. Thanks for joining us. Thanks for having me. Maria what are you expecting the president will unveil . This is a proposal to strengthen medicare. Id like to ask you the details on why hes focused on Medicare Advantage, this alternative thats being offered. You bet. So today the president s rolling out an executive order that will strengthen, protect and improve medicare for the 60 million seniors who depend on it and that includes the almost onethird of seniors who have Medicare Advantage. Those are the commercial plans that seniors can choose that operate really like your and my insurance as opposed to Old Fashioned medicare, increasingly popular among our citizens, growing very rapidly. It should be approaching 41 eventually in the next year in terms of Medicare Advantage enrollment. A lot of the proposals for medicare for all, they would take Medicare Advantage away, they would outhow private insurance and thats what the seniors want. The president is putting a stake in the ground, saying hes going to be the one defending and protecting medicare for our seniors, hes going to beism img medicare and hes not going to let anyone touch their medicare. Maria medicare for all is the prevailing solution when you look at the democratic hopefuls, this most recent debate was all about that. So what can you tell us about their plans and why you believe that they are wrongsided. Well, im not going to comment on Political Parties or individuals. I can just talk about the policy ideas of medicare for all. Maria exactly, the policy. Yeah. So the core problem with medicare for all is its really dependent on getting rid of private insurance and what President Trumps fighting for is personalized patientcentric care that puts you in control and treats you like a human being and not like a number. What could treat you more like a number than of government run healthcare that undermines medicare for seniors, reduces access, creates a twotier system of healthcare as the best doctors and hospitals leave the system. Right now our seniors get a good deal because medicare underpays and the commercial market subsidizes the access of our seniors to doctors and hospitals. Well, if you put everybody on medicare or make medicare available to everybody, that gig is up because it gets spread across 330 million americans and the doctors and hospitals will flee as they have done in other socialist systems around the world. And thats what President Trump is saying is not going to happen on his watch. Maria thats a good analysis that you just made, actually. You made it clear and i also want to point out that right now, 180 Million People get their Health Insurance from the Public Markets and medicare for all obviously wipes all of that out for medicare for all. Look, the president has talked a lot about making drugs more affordable. Youve got certain lifesaving drugs that are really they cant even be accessed by some people, hundred thousand dollars for one round of drugs. This plan that hes going to do with executive order is also allowing for cheaper generics, right . What can you tell us about its impact on the price of drugs . Yeah, so the president s initiatives in medicare have brought close to half a billion dollars of savings to seniors, 320 million of that savings have been fo for seniors access to drugs, by lowering what medicare pays for drugs, we have lowered what seniors pay outofpocket for those same drugs. We are also giving tools to healthcare plans to increase generic utilization, to make generics cheaper for our Senior Citizens and thats part of whats been driving healthcare costs and driving drug costs down in the United States for the first time in 51 years. Maria let me turn, secretary, to the vaping epidemic in america today, the cdc is going to be releasing new numbers connected to the crisis as the mayo clinic study finds toxic chemical burns in 17 vaping patients resemble mustard gas injuries during world war i. This is getting scary. How serious is the issues around vaping . I want to separate the vaping issues you talked about from the other issue of ecigarettes and nicotine addiction among our youth. The vaping issue and lung injuries is very serious. People are using vaping instruments and the image order of the cases that majority of the casings weve seen involved them using pods that have thc, the active ingredient in marijuana. They have other products in them. You dont know what youre getting. You dont know what toxins youre vaporizing and putting in your lungs. As a General Health matter, dont put stuff in your lungs. Its not good for you. Putting vaping materials into your lungs puts you at risk. These products are off the street things. You are trusting just anybody selling you something and were trying to get to the bottom of what the chemicals are that may be causing this lung toxicity. We still dont have a complete answer for every single case. We see cases where vitamin eacetate which is an oil used in face creams has been used to cut the thc. That gets vaporized vaporized ge lungs, creates an oil in the lungs. There are other things going on that we cant explain all of the cases were seeing. Please be careful. If youre a vapor, be careful with offthestreet products or anything that might be adull maria you make a good point on the Vitamin E Oil that a lot of people are saying may be part of the issue. How does that jive with the idea that marijuana is being lee gaized in legalized in so many states around the country. It shows buyer beware. When you use thc to get a high through vaping, you do something thats against federal law and youre getting products that anybody could have put anything in them, could have cut the product to make money, to thin the product, to make a little more change and youre the victim of that. You are at their mercy. Maria very, very important commentary from you, secretary. Let me ask you about walmart, now Testing Health focused programs in select markets for existing medical plans, to reduce h healthcare spending. How important is the private sector in addressing the pricing issues for healthcare and are we going to see more from the private sector trying to a approach this . Well, im delighted to see the innovations that walmart is bringing, as well as other innovations that private sector are bringing because we as a government dont have the solutions to healthcare, were usually the cause of the problems. But what walmart is doing is consistent with what President Trump is trying to do in healthcare, which is to get a helping hand to people through our Healthcare System. You often feel as an individual alone to navigate the system and were redesigning our Healthcare System, medicare as well as other programs so that people who have to navigate that system have a helping hand. They feel cared for even as theyre in control, that they have aligned incentives with a primary care practice that will help them navigate through the system and get Better Health outcomes by common incentives. Very much aligned with what walmart and other private sector entities are doing here. I applaud those efforts. Maria you have jp morgan and amazon trying to come up with a private solution. We havent heard much about that. How are they are they working with government on their plans and what is what are they trying to accomplish . Maria, i havent heard much from them about where theyre going yet. I am more familiar with where walmart is going and very excited about the changes to the Health System there. Maria mr. Secretary, always a pleasure to see you. Thanks so much. Thank you, maria. Maria coming up, the College Admissions scandal, another parent is set to be sentenced today. Weve got details on that, plus Lori Loughlins trial date now expected next year. Plus pop culture mega party, comic con new york opens today, one of the of events key players is here in studio. Dont miss it. Looking for some hot stuff baby this evening. I need some hot stuff baby tonight. I want some hot stuff baby this evening. Gotta have some hot stuff, ts blame feel individual. Im working to make connections of a different kind. Adp helps canyon ranch place the right people in the right jobs, so employees like dave can achieve what theyre working for. Performance comes in lots of flavors. dramatic orchestra theres the ampedup, overtuned, feedingfrenzyof sheetmetalkind. And then theres performance that just leaves you feeling better as a result. Thats the kind lincolns about. Were changing whats possible every single day. But what does changing whats possible mean anyway . Well. If you run a business, it means a lot. For starters, we provide you with Financing Options for your customers. That way, you can help them buy the things they love instantly and pay over time. And that turns them into serious fans. Hang on, theres more. Want Customer Insights . Weve got those, too. We use data to show you what your shoppers have already bought so we can tell you what they might consider buying next. And you can offer them the perfect products. That ceo gets it. From adding unique capabilities to your companys apps to bringing you loyalty programs, our technology and Financial Solutions are changing whats possible in all sorts of ways. So, how can we change whats possible for you . Maria welcome back. Well, another parent is to be sentenced today in the College Admissions scandal. Cheryl casone on headlines now. Cheryl new York Attorney Gordon Kaplan is set to be sentenced in Boston Federal Court this afternoon. Hes charged with paying 75,000 to have someone correct answers on his daughters act to inflate the score. Prosecutors are seeking eight months of prison. Defense lawyers says he should get no more than 14 days which would match what Actress Felicity Huffman received. Lori loughlins trial was pushed to next year. The scandal is turning into a Halloween Costume. Yep, the online retailer yandy is selling a sexy outfit because you are mo that mom for nearly. It has a prison top with inmate and mom of the year crossed out, so having fun with all of this. Its not too soon, right . Maybe. Cheryl it is a thankless its a race to the bottom, e trade joined ameritrade in dropping trade commissions. This takes effect on monday. It will reduce revenue by 75 million in the current quarter. Shares are higher in the premarket right now. So were watching that stock as well. But yeah, all three brokers saying no more fees. Do you feel like youre waiting forever at the drivethrough. The average order time at a fast food restaurants drivethigh window thats about four andahalf minutes. The reward for slowest drive through, chickfila, 323 seconds, dunkin is the fastest, followed by wendys and burger king. Rounding out the top five, taco bell and carls junior. Someone thought it was a good idea to calculate that. Maria maybe you want the longer time with chickfila. Cheryl chickfila is pretty good. People will wait a couple extra seconds. Cheryl what does that say about dunkins. Dagen you can have all that delivered in new york city. You wont believe how much mcdonalds and taco bell i see delivered. You can have it delivered. I am too lazy to walk a block. Maria quick break and then pop culture mega party, comic con new york is opening today. One of the key event players is here in the studio. Well talk with him about that next up. Stay with us. 2,000 fence posts. 900 acres. 48 bales. All before lunch, which we caught last saturday. We earn our scars. We wear our work ethic. We work until the works done. 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Go to 5hourtea. Com. Fill me with your poison. Take me, take me. Want to be a victim. Maria welcome back. The big business of pop culture, fandom at its finest. Comic con opens its doors to more than 200,000 fans from across the world, many racing to buy exclusive items from funko. And joining us right now is the ceo and director, brian marriotty. Thank you for joining us. I love the fact that you brought some of these collectibles on set. Give us a sense of comic con and the business of comic books and what takes place in new york. New york is one of the biggest gatherings in the world of the business of pop culture, movies, tv, video games, many comic books and everything that goes along with it and its a celebration of what people have a passion and love for and its a really cool event. Maria i love watching everybody who goes to comic con, checking out what costumes they decide to wear as they walk around. Many of your collectibles go up in value. Today youre here to debut a brand new limited line of products. Im loving batman. It pops out you think its a soda but its its our version of what soda is. Its a can. You pop the top off. Inside is a limited Edition Collectible figure from a mirror idemyriadof licenses. Maria what have you got there. Frankenberry, count chocula. A some of us grew up on a lot of sh sugar cereals. Dagen i want a beast boy. Weve do. Weve done teen. And how do you decide which characters to use . We have 800 wonderful employees and a worldwide basis, all of them have their pop culture antennas up all the time. Theres no shortage of wonderful ideas within the company and also our companys built on fan service. We listen to our fans. We engage with our fans better than i think anybody in our space and the constant influx of ideas of what is making news, like for example, music, bts, the boy band from korea, post malone, these are ideas coming from our fans that are really hot in the music space, the sports space, the tv space dis what are you going to do lizzo . Shes amazing. Look, thats pop culture, right. People have moments, musicians have moments. Tv shows have moments. Our job is to connect those fans to all the wonderful entertainment thats out there and put it with fun products. Hows the business been . I feel like theres been the popularity obviously with the avengers and movie heros, superhero movies. Its just exploded and taken off. Have you seen that reflected in your business . We have. We started back in 2005, it was 800,000 a year business. It will be close to 850 million this year alone. So we always say that between music, sports, ralp anime, telen and he theatrical, 90 of the worlds population is engaging in some pop culture platform and our job is find ways to connect through interesting products to the fan base. The business is big and booming. Maria youve had 15 consecutive quarters of collectible sales growth. Yes. Maria so most people dont realize, youre running a Public Company and this is actually business. There was a positive comment from game stop on the collectibles and after your Second Quarter conference call, i know, and your stock ran up on that. Is that where the growth comes from . I think its interesting. The biggest video game on the planet is fortnite, has been for the last couple years. Were basically in the public space, new. We have only been a Public Company for a little less than two years. Were basically an index fund of pop culture. If you want to invest in everything going on in pop culture. Funko is the best way to do it. Its a different business, people are starting to understand how powerful and how much it generates on a year to year basis. Maria great to see you. Still ahead the economy in focus, Peter Navarro is next talking growth concerns. Stay with us. Edefining value with zero account fees for brokerage accounts. And zero minimums to open an account. At fidelity those zeros really add up. Maybe ill win saved by zero thats where i feel normal. Having an annuity tells me my retirement is protected. Learn more at retire your risk dot org. Ive been a caregiver for 20 years. No two patients are the same. Predicting the next step for them can be challenging. Today were using the ibm cloud to run new analytics tools that help us better predict and plan a patients recovery. Ultimately, its helping thousands of patients return home. On a scale of one to five . One to five . Its more like five million. Theres everything from happy to extremely happy. Theres also angry. Im really angry clive actually, really angry. Thank you. But what if your business could understand what your customers are feeling. And then do something about it. Turn problems into opportunities. Thanks drone. Customers into fanatics change the whole experience. Alright who wants to go again . I do i do i have a really good feeling about this. Welcome back thanks to much for joining us. Im Maria Bartiromo happy thursday. It is thursday, october 3 your top stories right now 8 00 a. M. On the east coast on the beholden, futures are erasing gains as you saw earlier we had been up, about 60 points, that has all reversed course dow industrials negative, down 12 points skp subpoena down a quarter point the nasdaq struggling to stay positive is up 5 points, and to be sure has been a rocky start to the beginning of the Fourth Quarter stocks down sharply yesterday this is the second straight day, of heavy losses, in fact in two days the dow polluted better than 800 points investors day waiting on ism nonManufacturing Index at 10 00 a. M. Or an this morning we will see if that confirms when a we saw earlier in ism Manufacturing Index showing contraction in manufacturing, european indices are mixed market in germany is closed today but ft 100 in london down 61 cac quarante in paris up 13 in asia overnight, markets mixed nikkei average in japan, following u. S. Lower china, of course, closed for golden week with holiday u. S. Moving trashed with tariffs on europe on 7 1 2 billion dollars, of european yuan imports targeting aircraft whiskey wine among products after award from wto World Trade Organization we get into that union whistleblower controversy documents show claims from former ukraine prosecutor about being forced to back off an investigation, into a firm where hunter biden was on the board, then this unrest in hong continues, officials are urging lawmakers to crack down on curfew after protester who has shot by police earlier this week is now facing charges, they are saying he assaulted the officer stories coming up thursday morning to break it down fox business dagen mcdowell, columnist the hill fox news contribute liz peek realclearpolitics cofounder and president tom bevin. Hong kong storying getting worst and worsturing seeing china you a authoritarian hand continue to dictate things, now saying the person who was shot in the chest actually assaulted the officer first, come on. That came out yesterday the story is that he battered batted away tried to bat away the officer gun it went off accidentally i think fishy if you look at the tape doesnt look that way the real problem for americans with this obviously, sympathetic with hong kong also really complicates the trade negotiations, i think, xi jinping i dont think can afford to look weak in hong kong they do now and also in confronting United States. The facial camera facial recognition all over hong kong, isnt wearing ab mask china saying you are not allowed to wear mask china wants to know they will be consequences. This has been going on 17 weeks every effort the government has made at a crack down proefrnts failed i dont think this is going to make things better in fact might make things worse, and obviously, this maring anniversary the other kaongoing issue not going away soon. We will keep watching that lets turn to top story this hour that is markets reversing course we are looking at negative showing for the averaging dow industrials negative 3 points s p now positive about one point nasdaq up 7 1 2 but all averages higher earlier, and they have reversed course at this point after the dow s p, nasdaq saw steepest two day losses since august last two days, trade growth worries weighing on investors as well as weakerthanexpected manufactured data assistant to president for trade Manufacturing Policy Peter Navarro a pleasure to see you thanks so much for joining us big news World Trade Organization award to do with airbus subsidies given to airbus explain the awards and how it impacts u. S. Peter. Sure, great victory for the Trump Administration here basically we have aircraft manufacturing airbus that would not exist sent for the fact of subsidies from europe. Has been a 5 year battle they cost this country thousands of jobs in boeing hundreds of aircrafts not sold reward here is moving forward 7. 5 billion dollars a year in damages, that were effectively allowed to recovery the tariffs, now i want to make a key point here and there is going to be no titfortat retalltration i heard chatter last hour, under the rules of the wto we are complying with here, we get to do this, and they should not do anything back, this is all good for america, and particularly going to help Agriculture Sector the point of the tariffs maria not just to recovery these damages, but, more importantly, the to force the European Union gage in fair reciprocal trade are representative to aircraft industry this lagged for 15 years, that is ambassador lighthizer at stipulate of his spear on this got it done it is it is biggest award in wto history by a factor of two. You say there is going to be no titfortat what about the impact of Just Companies right so we heard from Delta Airlines delta airliners is saying there is going to be a consequence as a result of this tariff on aerospace that ultimately we are going to see airline prices go up right price of a trip up consumers ultimately pay it right. Talk about Delta Airlines speaking with forked tongue i know from personal experience ive gotten delta complained about unsupdies u arab emirates the u. S. Has been trying to help delta i dont know if you know every single plane in deltas arsenal, is an airbus they dont buy american. Maria right they avoided the jet max problem when they buy airbus over the last 15 years, heavily subsidized you can fair advantage over American United others what delta needs to do is recognize, this is a buy American Administration make America Great bottom line, acknowledgeing this we cant let airbus heavily subsidized and take jobs away, this is you know we went through played by rules wto a great result because of the president. We are going to try the goal maria the goal to get europe to play fair. Maria what if they dont look lets go through u. S. Is going to set to impose tariffs on 7 1 2 billion dollars in goods from eu after weath wto ruling President Trump said u. S. Won 7 1 2billiondollar world from wto against European Union many marries treated u. S. Badly on trade trade bares tariffs and in other going own for years a nice victory is this opening up of the door, to further tariffs on European Union . In a couple of interviews that europeans treated us morse than china europe is next in terms of tariffs now we are seeing tariffs on things like french wine dairy cheeses such like that is this opening for president to continue ramping up tariffs on europe . So so look, this was a case 150 yea years in making got in time. All that is going to happen our domestic producers are going to produce more and that is good for america. We will have a lower trade deficit with europe as a result of this i am why we cant take victory for what it is a case wto i dont know why there is a slippery slope argument here, there is going to be no retaliation by europe it is all good for american producers look, this is the kind of day where President Trump, and ambassador lighthizer sm be getting, high 5s, salutes, they did a great job. Why are you so adamant saying there will be no european retaliation what to say to undermine that that there wont be retaliation . Lets work through this this was a case that was fiemd with the world trade filed with World Trade Organization 150 years of litigation, and there was a judgment. Under the rules of the wto, judgment enforced. Okay, yeah. End of story, and titfortat argument really is just goingen to a used like people want to stir things up it is just it wont happen. Maria the tariff situation uncertainty around china and usmca, by the way, is clearly rattling, some investors, the president is blaming the market losses that we have been seeing, on the impeachment inquiry activated this yesterday all of this impeachment nonsense going nowhere, is driving the stock market and 4 1 ks down exactly what democrats want to do willing to hurt country with only 2020 election in mind isnt it fair to say also peter that this is partly due to the uncertainty around trade, given the fact, that youve got the ism index where it is earlier we saw that factory activity in contraction mode, and trading situation about globally he can ebb directly linked to that for the first time to quote corey, there is a lot of democrats including adam schiff hate this president more than they love this country this man in particular appears stooeb a socio path lied for years about russian hoax had known lied about not having contact with alleged whistleblower, i mean this guy will do anything, that he basically to overthrow this government. Maria we have been saying that this morning in terms of how that works with the market, i mean if if the problem probability of impeachment might go up, right, you lose donald trump, we lose tax cuts deregulation cheap undergo trade reforms all policies that made this economy great last two years i think a legitimate point the president has, to say, that this impeachment process is indeed destabilizing the market my view is the other big thing that is recommend hurting us maria we have talked a lot about this is the currency effects of bad Federal Reserve policy by fed chairman jay powell. Most growth we lost has been export related because dollar is simply overvalued i got good news here, the ism Manufacturing Index i have written about that two different books i love that as a measure in principle. But there is another version of that by a trump called market it i know leak at that one it is very interesting, it is higher, i think above 50 for the u. S. And difference between i. S sm and market one, that is the ism appears to be skewed toward Multinational Companies doesnt reflect the the strength of domestic manufacturing here i am bullish on this economy we have a very strong Consumer Sector we have policy in place driving this economy. This instability the impeachment process is causing is not he helpful at all. Maria i get it the would oi they would love a recession to beat donald trump my gosh where are we going in this country using impeachment process over a duly elected president it is wrong. Uncertainty about trade i feel even though we have seen two days markets down better than 800 points we are very close to all tile highs you know to have you call that a victory, in the market unemployment, too. Maria 105year lows in terms of unemployment. At some point peter markets will start to notice that the uncertainty is continuing, are you expecting usmca to come to the floor this fall . Before october . And before the october elections in canada before thanksgiving if it doesnt come by thanksgiving you know it is not coming number one, in in terms of of fortune, i mean at some point, dont we need to have a little more detail in terms of where we are to quiet down markets . So usmca, hundreds of thousands of jobs, gdp growth good for Farmers Ranchers manufactures maria dont wait till thanksgiving. I think it has a got to the to the floor of the house this month the hunt for us u. S. October. If we dont get think it month i dont think we are going to get it. And it would be tragic for this country a catastrophe economically just i dont know, did democratic controlled house now is capable of doing the right thing watching what they are doing here. With respect to the china issue wholeish of uncertainty look i think there is a lot of certainty among corporations around the world they want out of china whether there is a deal or not you look at environment in china i dont think making a lot of stuff, in china anymore the wages going up pollution out of control, doing these Corporate Credit scores put you behind bars, so lets have a good negotiations this week and move forward. Maria we will be watching peter good to see you thanks so much he Peter Navarro joining us he in washington. Well be right back. Is if whats up with your. Partner . Not again. Limu thats your reflection. Only pay for what you need. Is if. Each day a little sweeter. Adp simplifies hr, benefits, and payroll for magnolia bakery, so employees like sarah can achieve what theyre working for. Announcer fidelity is redefining value with zero account fees for brokerage accounts. And zero minimums to open an account. At fidelity those zeros really add up. Maybe ill win saved by zero on hong kong looking to put Emergency Powers in place to deal with protesters Cheryl Casone with dale. Cheryl historic, it would be first time the government has invoked Mental Health powers more than 50 years, all in the wall street journal this morning first we have seen in 50 years, with facial map as well carrie lam to hold a Cabinet Meeting tomorrow police urging curfews tough measures intoefd teen police shot in test is charging now. Aisha initially poufrpg next year reuters says deal may not be as profoundly compared to other initial Public Offerings airbnb may go public through direct lifting advisory in a direct lifting to new shares are being sold in the market if you are tired, everything this fall mcdonalds has a spice for you doesnt have pumpkin in it cinnamon cookie latte the first new seasonal beverage in five years available, starting november 6 only sticking around through who will daiz 2 dollars only. We are so used to like 8 dollar cup of coffee. Pretty much. Unbelievable speaking with Sarah Sanders new documents are raising questions about Hunter Bidens background we hear from billionaire investor dallas massive rooifkz own mark cuban how is preparing for the rise of Artificial Intelligence coming up. Better than me. Its been reported that theres a cyberattack on business every 39 seconds. Ouch. I dont even want to think about it. Comcast business has a solution. We go beyond fast with a cloudbased Security System that automatically updates, so you always have the latest protection. Phishing. Malware. Risky sites. It can help block all of that. Its one less thing for us to worry about. Comcast business securityedge automatically protects all the devices on your network. Call 18005016000 today. This is the family who wanted to connect. To go where they could explore and experience adventure in unexpected places. Who were inspired by different cultures and found that the past can create new memories. Leading them to discover were woven together by the moments we share. For everywhere you go, expedia has everything you need, all in one place. Billionaire Investor Technology genius mark cuban wears many hats owner of Dallas Mavericks vfrt in in shark tank, susan li spoke about his beginnings, susan what did you learn. I learned a lot great resume you reeled off according to folks are 179th richest on planet worth over four billion dollars was not dplam ross for mark cuban growing up selfmade billionaire talked about father a lot lost an eye never made more than 40,000 dollars a year. He says, so grew up having to make everything himself rationing Credit Card Debt on the floor of dallas apartment with six other people he respects people that grind i asked him did you ever lose hope and how did you make yourself into what you are today . I was just scared as everybody else there is you know i had just as much uncertainty, i really as much as i was confident in one respect, that you know i knew i could sell technology, didnt mean i you knew would it work i remember michael my First Company 150 now dollars in sales get to go 8th month i have been this business 8 months terrifying but that fear, also he motivated me inaugural who have fear uncertainty, but not at a reason to stop. Sales he says probably secret to success sales you know not about not taking no for an answer it is learning whatever your selling and also managing sure that this applies to everybody and save time, i asked him what are biggest investments right now if you watched shark tank all they care about technology a billiondollar holding, i said what do you think is next froerntier for you how do you judge what you want to invest . For me i try to ask what is next in technology how would it impact the world, so you know right now i am spending a lot of time learning about Artificial Intelligence i am take to you aingtorials, classes i am reading everything i can get hands on to learn about, randns federated learning all this stuff because a. I. Is going to have a greater impact on business and our lives than you know mobile computing did or the internet did. That is focus for the future the owner Dallas Mavericks nba, stakes in Magnolia Pictures being ative tv dagen a boo 21 madea halloween for cuban worth 4 billion dollars one quarter of neither worth in one stock. I would say not a good port foelio allocation not that i know better a huge concentration of wealth in one stock. Has gone up tremendously. If net worth 4 billion a quarter in a single stock, ares basically, that you know, it is very dependent on the consumer, and very dependent on ways of washington quite frankly youve got candidates taking about breaking ub Technologies Companies may be you want to diversify. I like the fact that he has done so well made money still curous. Great. Studying a. I. Because, we know a. I. Is changing lives going to be adopted by companies interesting to mitt i dont know enough but studying it i want to make sure to to be involved. Front line. He got really luck with yahoo big out broadcast. Com very smart to sell when he did. Before the dot com bust, but, again, that is considered one of the worst acquisitions in the history of technology. Also, because worth so much how do teach kids to val money he wants kids to respect money do dishes clean up after themselves does his own laundry theoretically doesnt have to but says that is how you teach kids to appreciate money growing up. Maria i like that. Did he touch on politics quickly. Did no the. Maria he wanted to run for president. Dagen he told neil his family wouldnt let him do it he is not going to run for the presidency, his family part of that i think that that part i am not putting words in his mouth but it goes to the issue of look at what look at what politics has done to the trump family, that they are going to that people who dont like you will destroy you, they will go after your kids. I think that has to be an issue for anybody thinking about he said that was the issue. Right. To convince wife wife said was not onboard at this point. Great stuff susan li joining us, former white house secretary Sarah Sanders will join us after the break her take on escalating controversy of democrats and more subpoenas. Bracing for fourthquarter earnings season pepsico beating expectations stock up almost 2 pepsico why consolation brands down 2 and 1 2 back in a minute. Maria welcome back thank so much for joining us. Im Maria Bartiromo p, thursday, your top stories right now 8 30 a. M. East coast markets are mixed, they are back in positive territory, futures indicating a gain of about 25 points on dow industrials, s p 500 up 4 points, the nasdaq up 16 and quarter this after markets saw a rough start is to the beginning of the Fourth Quarter in two days time, the dow polluted better than 800 points today, we are watching manufacturing, that is what started this selloff the ism index indicated contraction this uniqueh week this northerning nonmanufacturing ism index 10 a. M. If it continues to show signs of contraction may see this market continue to selling, at this point, we are seeing a little bit of a stabilization initial jobless trends out a gain of 4,000, in europe this morning, mixed performs german markets closed others, as you can see, mixed f1100down 72 cac quarante in paris up 22 japan nikkei average average down better than 2 china closed for golden holiday country celebrates 70 years you communisted rule pepsico up after beat on top and bloom, pepsico shares up 2 and a quarter consolation brands reported earnings beat on earnings per share, but we are taking a look at what the company is saying about what is ahead the being is to is down, 3 and quarter we will take a look at why investors are reacting negatively to consolation brands 2020 issues, the top three candidates all dealing with set of issues, Stuart Varney will weigh in on that jobs in america about good morning teaming up with ivanka trump for round triable for preparing American Workers next century jobs numbers out tomorrow. We will have all handson deck for unemployment report coming up for the Labor Department top story this half an hour Political Landscape affecting markets President Trump is blaming impeachment inquiry for the selloff the president also slammed highways intel chairman adam schiff report says schiff got an early account of the whistleblower concerns after he said he had never spoken to the whistleblower. Lets not make any mistake here. The president wants to make this all about the whistleblower, suggests to people that come forward with evidence of his wrongdoing, or somehow traceonous, should be treated as traitors and spies this is a blatant effort to intimidate witnesses it is i incitement this violence. I think a scandal they knew before, i go a stop further he probably helped write it knew long before helped to write it too it is a scam it is a scam. Maria fox news has obtained documents shedding light on all this the dismissed ukranian prosecutor claiming he was forced to back off of an investigation, in burisma holds hunter biden was a stockholder. Sarah sanders thanks for being here. Incredible to me 20 watch the president take all these punches all the time, and get up and show that the strength that he keeps going and tries to get things done, what about this most recent issue, around ukraine and adam schiff what is your reaction to all of this . I think it is absolutely absurd the amount of attention that is being put on it, i think adam schiff is showing all his true colors we have known for a long time, about frankly they are not good for the American People adam schiff has one on the one on the only that is to tear down the president , he has done absolutely nothing the last two and a half years, as he has been part of the entire witch hunt surrounding russia lost on that lost credibility i think starting to loss his mind now focused completely on the fake ukraine scandal he couldnt win with rush now transitioning to this time for people to say no more adam we are tired of the lies tired of all the neither aftnegativity a president the president only ones imposed corruption adam schiff claims he is going after. A lot of good points we know two and a half years a whole kwun in arms hysterical over collusion between about russias and donald trump adam schiff said repeatedly on cable news programs he had specific evidence, that he had evidence in plain sight, that the president colluded with russia, of course, we know not to be true at all no accountability for him spewing all all these lies a week ago he said, i remember this, quote specifically he said we have not spoken to the whistleblower, we would like to speak to the whistleblower we would like the whistleblower to come in yet now we learn that in fact, they did speak to the whistleblower, it reminds me of what happened with Brett Kavanaugh frank leave democrats spent what 30 hours with creates dean blasey ford perhaps coaching her as she made charges do you think, adam schiff coached the whistleblower. Look whether or not he coached him he certainly was involved. He has been dishonest throughout the process again i think this goes back to the heart of who adam schiff is lost all of his credibility in terms of being a member of congress that wants to do good things for the country one goal that is to hurt president i think a sad day in america when democrats have decided they hate the president more than they love the country i have been saying that last about to years we have steen it time and time again, through every sooner or later it thing they do they have a huge major opportunity to do great things for the economy the president his team, about o negotiated a dwraet deal in usmca the democrats continue to hold it up if they really cared about country care about the economy, and American Workers, they would get to the floor, they would put usmca you down and vote help Farmers Ranchers manufacturing this is one of the biggest best trade deals we have had in American History they refuse to actually act on it, i think that tells us everything we need to know about what priorities are. You make a o good point that is whether i was going next, you may very well be right about adam schiff may very well be right about some of the inability or refusal on democrats part to look at real wrongdoing that was a framing of donald trump back in end of 20150 goi 20150, going into 2016 the bloom threatening white house subpoenas yoerm ukraine envoy preparing to keffy on capitol hill day new documents about the bidens ties to ukraine so even though you may very well be right i am not entirely sure that the public understands that they havent been to go it the way we have every nook and cranny of how this president was framed, but this the democrats are ko congress continuing to try to take president done what is he going to do. I think the good thing for this country we have a president refuses to back down shown time and time again willing to take hits fight back not going down easy for hire i dont think adam schiff liberal media are any match for to president he shown he has ability to take their hits keep moving the president continues to focus on things that matter to the country, like usmca, like good trade policy he continues we have all all of this breaking. Maria sara what is wrong with republicans seriously let me ask you this is a serious question i mean we know what took place we know that the fbi cia through informants people like George Papadopoulos wiretapped carter page we understand that there was real fisa abuse where are the indictments . What is why is republicans have such a hard time getting the ball to thank you know to the goal . I mean why have we not seen more aggressive action, if this took place as i believe it did, why havent we seen any indictments . I think you are looking at that on the horizon i think you will see attorney bill barr, attorney durham i think that is what they are focused on right now honestly i think that is one of the big reasons democrats are trying to push the ukraine scandal say look at bright shiny object here we dont see all corruption that went on at start of where russia investigation took place origins of all that were they know that is coming terrified how involved how dirty a lot of democrats were in the proand how they pushed this stake falls narrative that president was somehow colluding with rush they are scared to death the truth is coming out because they have highly respected people that are not going to just sit back and brush this under the rug, attorney general barr and durham looking at this i think we are going to see big things, i think that is the reason you see people like adam schiff and others trying to aggressively push ukraine navigator fake scandal to distract from negative stuff comingabout where with all the rush hoax started sfie know Ag William Barr john durham investigator flew to rome this week to hear a secret tape of joesive according to washington kaexaminer this morning that they wanted to talk about Joseph Mifsud the professor from italy dropped bomb in George Papadopoulos lap that russia had emails of Hillary Clinton i wondered if getting under the president s skin yesterday in press conference with president of finland he was mad is he going to be able to hold this is temper see this through . Because obviously, there will he they are in of investigation we will wait to see if anybody is actually held accountable. I think the president has every right to be mad frank plea so do American People. Maria yeah. Congress waisted 2 1 2 years attacking the president the president should not be just mad he should be furious could have gotten so much more done think about what he has been able to accomplish last 2 1 2 year without help of democrats all the negative attention that has keep accruings if that sad this want been going on i think our economy would be Even Stronger think oi the markets would be up, they are already up 40 sis his election probably be up 50 , because we would we focusing on real policy steved of partner politics that democrats are constantly pushing if anybody should be for us furious, the democrats instead of attacking him day after day after day. Maria nancy pelosi the other day said we want usmca done we can do both at the same time. I dont know. Hope she is right they havent shown they can. They are hearing criticism is is all about president c not getting o anything done . Road to 2020 senator Bernie Sanders could be veering from controversy trail controversy slows around joe biden, faith american wove ivanka trump joining forces to prepare for the future. Because schwab makes planning for things like this easier. Yeah, with schwab we get automated investing and integrated planning help. For a low Monthly Subscription price. Why would schwab do that . They help you plan for the things that matter. Subscription pricing. Schwab introducing subscription pricing with oneonone guidance. Schwab intelligent portfolios premium, a modern approach to wealth management. On a scale of one to five . One to five . Its more like five million. Theres everything from happy to extremely happy. Theres also angry. Im really angry clive actually, really angry. Thank you. But what if your business could understand what your customers are feeling. 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So, how can we change whats possible for you . Furious. French television reporting at least four people have been killed, after a knife attack on Police Headquarters in paris 2 attacker killed one report says a staff member, we are following this closest we will bring the developments as they come in, again four people are dead, in a knife attack in france. Meanwhile, we are watching the markets this morning, consolation broadens one to watch down on secondquarter results gerri willis floor with more gerri. That is right maker of corona beer consolation down be expedite beneath on plom in line on revenues, had a loss 484 million related to investment in Canadian Cannabis company wine sales down 15 to 20 , selz from beer up 9 pepsi top and bottom line, crediting aggressive multibilliondollar advertising campaign, strategizing with cristy tiegen. Products like small cans of coke they are doing all culminating Campaign Around the National Football league 100th anniversary back to you maria gerri willis on wall street, 2020 democrats are facing issues including Health Problems family scandals joins us host of Varney Company Stuart Varney to weigh in, on the big election stu. Let meaway we in success sink this is Elizabeth Warren nomination to lose all happened this week. We are seeing Bernie Sanders, hospitalized chest pains heart surgery couple stints put in canceling future patterns until further notice i think voters will be very inclined to look at this man pors ability to keep going with a vigorous election pain for the next year i think, he may be sidelined because of this certainly on everyones minds. Then you have joe biden, now i think that he is Collateral Damage to the ukraine call what was really going on with son hunter biden in ukraine and china slipped to second place in some leading polls with the latest poll Monmouth University for example shows President Trumps of events visavis biden scandal is believed more than bidens position looks to me, like Elizabeth Warren is the nominee i dont see how that could be taken away from her at this point, i dont see how moderate democrats can make comeback i that i huge problem for democrats in general i dont think america will ever electricity a socialist president i dont see it happen. Nancy Pelosi Adam Schiff figured that out that is what is behind all of this. Sound like a Conspiracy Theory to me but i will leave you to it. I think they figured out he is going to win again they have got to impeach him now because it is getting it is gettingity close to 2020 we will you took more about it i know you will have more. 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Daughter ivanka trump ceo Google Holding a roundtable event focused on preparing American Workers for next century Hillary Vaughn covering the story good morning. Today google will sign pledge to American Worker joined alongside with ivanka trump at El Centro College dallas, texas started in 2018 by President Trump over 300 companies, including apple and microsoft signed on to pledge, part of that mentally is to start initiatives provide over 12 million Education Training to students and workers in u. S. Google is joining, iveiive ivanka trump to announce that major expansion to i. T. Sport professionals get 3. 5milliondollar grant will make the Program Available to offer 100 Community Colleges kroot the country that program 6 month training program, there is no College Degree required gets workers ready to fill at this time position around the country ves to google job corp this will be available in more states more students worker than ever. Thanks so much stay with us us trish regan spoke conclusively with ivanka trump tomorrow night 8 pm eastern dont miss tricias interview with ivanka trump to talk about all that in terms of job creation skills training tomorrow night fox business with trish regan special coverage september jobs report beginning tomorrow 8 a. M. Eastern right here where the jobs are today. On mornings with maria we will take a short break final thoughts in allstar panel. Stay with us. I love you only pay for what you need. Liberty. Liberty. Liberty. Liberty. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Announcer fidelity is redefining value with zero account fees for brokerage accounts. And zero minimums to open an account. At fidelity those zeros really add up. Maybe ill win saved by zero maria welcome back. Final thoughts from this allstar panel. Tom . Based on your conversation with stuart, Elizabeth Warren is gaining in the polls. Shes now only 2. 2 Percentage Points behind joe biden nationally. Shes overtaken him in iowa. In the betting odds, we put together a betting odds page of the eight largest odds makers around the world and warren was leading by 12 points until about seven days ago when the Biden Ukraine story broke. Her lead now is almost 30 points. Maria wow. Check out the realclear politics and this betting you put together. Liz . I think Elizabeth Warren will be the candidate and i think thats a frightening prospect. I think its a really, really stark choice that voters will have between a socialist system and a socialist person who really wants to overthrow most of the things that have made this country successful. I think trump wins in 2020. Maria dagen . The house will have to vote on impeachment, period. Maria they cant just push it through. Have a great day. Varney Company Begins right now. Stu, take it away. Stuart well said. Good morning, maria. Good morning, everyone. Im going to lay out the day in money and politics because we are going from one big event to another. A half hour from now, the market opens. Remember, this follows a more than 800 point drop for the dow in the last couple days. Were looking at a pretty flat market to start with. The dow up a fraction, s p up a fraction, same with the nasdaq. Flat at this moment. At 10 00 eastern, though, thats probably going to change. Because a market mover appears. The latest read on the Services Sector of the economy. Everyone wants to know if the Service Sector confirms what we