Transcripts For FBC Mornings With Maria Bartiromo 20240712

Higher, by 18. In fact the dow and s p 500 scoring the third day of gains yesterday. But the nasdaq was the big winner with a gain of one and quarter percent on the war against coronavirus and dave ricks is here joining me first on fox business at 7 10 a. M. This morning. With breaking news you do not want to miss. The stimulus stalemate goes on House Speaker naption facing backlash now after senior democrats shot down a bipartisan proposal. And it is count down to election day President Trump says he has no regrets about his handling of the coronavirus pandemic. This as joe biden kept courts hifng voters in florida. History made at the white house, the dawn of a new middle east israel, the United Arab Emirates bahrain sign a deal brokered by administration. Here to talk and more. Plus Hurricane Sally crawling dangerously slow toward the gulf coast. Already dumping massive amounts of rain on the region. We have a live report. Apple newest tech taking a look at apple and ipad see if it is time for an upgrade. Mornings with march wra is live right now. Global market this is morning with a firmer tone European Commission president ursula holding her annual state of the Union Address today. She unveil new actions to protect the environment and compete with china and the United States. The s p 500 is up 400 and dax index in germany higher by 35 in asia markets fairly flat. Yoshihide and now some of the top stories we were watching this morning. President trump telling pennsylvania voters he has no regrets over his response to the covid19 pandemic. Despite telling Journalist Bob Woodward in march he wanted to play it down. I didnt down play it but up played it whether you call it talent or luck it was very important so we saved a lot of lives when we did that. Maria joe biden making his first trip to florida looking to boost the court among latino voters. Look, donald trump is failed this Hispanic Community time and time again thats not a secret. Latino community hold in the palm of their hand the destiny of this country. You may not want to hear it but its true. Maria biden talking covid19 from wilmington today trump will address the National Republican Congressional Committee, in washington. Well be following all of that. Portland oregon has worst air quality from the smoke and west coast wildfires. The smoky skies forcing Alaska Airlines to suspend flights in and out of port land and spokane for 24 hours. Airline now resuming flights with a reduced schedule. That smoke now drifting to the east coast, stretching to parts of new york, and washington, d. C. Pretty incredible actually. The city of louisville reaching a record 12 Million Dollar settlement with the family of Breonna Taylor shot and killed by police in march. Its only the beginning of getting for justice for breanna it is time move forward with the criminal charges. Because she deserves that. And much more maria police use a no knock warrant on her apartment during a drug investigation those warrants no longer allowed sledges also calls for a series of Police Reforms including new warrant approval process. Looking at market this is morning attack a look we are looking at a firmer tone investors awaiting comment from Central Bank Later today. It is expected rates will remain unchange we know that power has told us rates will be near zero until 2024 also all of the retail sales will be out in about two and a half hours. Join megaright now is Iht Wealth Management steve, also joining conversation this morning, fox businesss Dagen Mcdowell and former home depot chrysler ceo bob. Great to see you guys this morning. Thank you so much for being here. Welcome back to you bob, steve let me kick it off with your your take on markets with this slow move up. For the major averages, we have a little bit of a correction in tech, last week, but would you allocate new capital to markets today . Yeah. We needed that correction too. It has been too long of a run in that area. I love the tech been a big fan for years talking about it on tv but the reality is it got way over ahead of itself. I would wait on the sidelines even further on the text part. Especially with the election coming up. We know youre going get a couple of pops im not saying theyre not going dongt to look for the money but look to pullback and jump in on rebowngdz like last week jump in a bunch. Youll probably see another five or 10 down swing in the next month or two so wait on that. Especially were in a volatile time right now with the election. With the virus, with all of the headlines that are out there. You can pick your points you dont have to jump in on the top part at all times. What is your take in the ipo market youve got snow flake going public tech company hitting market later today with a reported price of 120 dollars share. This is a Berkshire Hathaway Company Evaluation of 33 billion dollars is this a sign of strength for markets that we can see such a big deal getting such a good reception . It is getting huge reception and its surprising to up one another 15 in the last week or two of expectations. Im not going in right now guys. I just cant do it. Theres 14ipo this week and biggest week in six years. Its ahead of itself. You its going pop today we know that with all of the expectations to jump 10 and 15 and not going to help unless youre been on it so wait let it rug out in necks week or so you can get a better evaluation on this and better price theres no reason to buy in on the top again with this. This is like the epitome of the over enthusiasm that were seeing in the tech market right now. It is a good company. Kind of like tesla good company, crazy evaluations. Youre seeing same thing in this area right now with the ipos. So what about the back drop in the economy . Bob nardeli sales and a window into the consumer how do you characterize the back drop right now for the economic story right now bob . Maria good morning. I think it is mixed. If i would agree i would agree with steve. You know, we have a lot of certainty of uncertainty. I think there are some i dont to call them winners and losers but certainly some of the Retail Market it is that support the housing industry are extremely strong if you look at home depot if you look at lowes and Tractor Supply like lumber so real, you know, winners if you would call them that or people that are yet favorably impacted by this pandemic and then, of course, look at hospitality in some of the others airlines, manufactures, jet engine manufactures like jennie that are suffering right now and seeing a lot of layoffs. So i think we a mixed, mixed bag here. I think some of the Retail Markets will do well. And others will still be suffering when we hear the report at 8 30. Yes. Steve your take on the back drop here. Obviously, you want a Strong Economy for a stock market to see strength as well. Real quick. Yeah. Just like we were saying you are right. Retail space it is beat up right now i dont know how you can jump on it unless youre talking about home depot and parts that are taking advantage that have. We like walmart end the world were using them as a tech proxy right now because they are going to try to compete with amazon. They can get in way lower evaluation comparatively and one of the few companies out there right now that actually has the infrastructure and the ability to get to that barrier of entry to compete with them. It is not going to just be amazon world love amazon a Great Company but there will be competition. So if youre going to go that area you have to pick and choose and look for a good theme like that. Maria all right steve thank you so much for weighing in this morning good to see you sir thank you have a great day. Meanwhile tell you about Hurricane Sally a category 2 hurricane with winds topping 100 miles an hour. The storm drenching parts of the gulf coast lets get right to ashley, shes live in mobile, alabama ashley good morning to you. Reporter hey, good morning, maria, yeah here at mobile bay 30 miles from gulf shore and 45, 50 minutes from pensacola has been getting hammered all morning long from this hurricane. Now this did make land fall sally made landfall about 30 minutes ago or so. We got the official word from that. Another thing i do want to point out theres the upwards of 400,000 people without power right now. Because of this storm, and it will kind of lull and it will strengthen and that wind and that rain will just really whep you around. It is also expected to create up to 5 billion dollars in damage this is hitting really hard in alabama very, very hard in panhandle of florida. As i said, weve seen all of these power outage weve actually seen about 20, 25 of the transformers blow all residential and marina saying this is a major flooding event not just a let this go a little bit. But even though the hurricane made land fall this is a very long weather event the flooding, up to 30 inches of rain is expected to drop. Here, and this area, as well as in the panhandle maria. Maria wow. Be careful out is there stay safe ashley. Thank you so much well get back to her to check on conditions. Were just Getting Started this morning the war against the coronavirus. Eli lilly steve ricks hering me for a first on fox interview with breaking news you do not want to miss also this Morning White House chief of staff mick mol vainny white house haley is here and a lot more and first apple showing off new apple and services. 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We do this, together. Bounce forward, with comcast business. I appreciate what makes each person unique. Thats why i like liberty mutual. They get that no two people are alike and customize your Car Insurance so you only pay for what you need. Almost done. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Maria welcome back President Trump face to face with vote for first time during a televised town hall with abc news in philadelphia. The president fielded questions on a variety of topics including administration handling of the coronavirus. Watch. I didnt down play it. I actually in many ways i upplayed it in terms of action. We did a very, very good job whether you call it talent or luck it was very important so we saved a lot of live when is we did that. Maria this as joe biden made a First Campaign stop in florida yesterday. Joining me right now is the editor in chief of the Hill Bob Cusack it is great to have you this morning. What did you think of the president s town hall . Hes a good counterpunch it was a unique situation doesnt do a lot of town hall so he was being interviewed by George Stephanopoulos and read voters and some of the arguments weve heard before on the economy which is fairly strong and republican strong point going into the election. But trump still has the advantage over biden on that. I thought it was kind of weak his sans answer was on health care and been Promising Health care plan for years and could be a real vulnerabilitity for the republican parties on election day. Maria you know bill gates with the microsoft cofounder slam u. S. Response to the covid19 pandemic in an interview. Took aim at the Trump Administration and cdc criticizing overly complicated test and lack of disease specialist on the task force what do you make of him gates stepping out on this . Not a good line for the president but president needs to make covid is, obviously, the big issue of 2020. Its not how you get into crisis. Its how you get out of them and if you know if we as a country can make progress over the next seven weeks thats going to be a good they think for the president. Certainly i think the if beginning can be criticized has been criticized will be criticized. But it is how where we are around halloween it is going to really decide the election, i think. Maria i think that much of the media has sort of written off the fact that he did close down travel on january 31st which was a really big deal. Now in a new piece for the hill out this morning you say oklahoma officials raise red flags before President Trumps fin Door Campaign rally in tulsa tbhak june what more can you tell us, bob . Rntion these are internal documents i got through a freedom internal email in days leading up to that controversial tulsa rally Oklahoma Health officials are raising red flags that this could be dangerous and one of them estimates that in between two to 10 people would die because of this indoor rally. You know, tragically herman cain died we dont know if it was because he is there without a mask. But certainly some people connecting the dots there. The governor got covid after that. Rally he said he didnt get it at the rallies but document shows a conflicts between governor and his own public Health Officials governor did not comment for this article. At least not yet. Maria you probably saw yesterday that misstep that Kamala Harris said by calling it the Harris Administration. Whats your take on the harris biden ticket at this point was that a party in slip . It could be and you want your Vice President to be loyal. And that gets a lot of attention when you call it Harris Administration so. So it could be, and thats certainly why there was speculation as you know maria, that maybe harris wouldnt be the pick maybe biden wasnt comfortable with her. So you have to choose your words carefully that was a bit of a gap by senator harris and we havent seen that yet that was i think the first one. Maria yeah bob good to see you thank you so much. Bob cusack from the hill joining thus morning. Coming up economic depression President Trump warning over what could happen if joe biden is lengted. Well take look at that then banning together. Selects like Kim Kardashian west an Leonardo Dicaprio now vowing to freeze their social media accounts. Stale with us. Incomparable design makes it beautiful. Stateoftheart Technology Makes it brilliant. The visionary lexus nx. Lease the 2020 nx 300 for 339 a month for 36 months. Experience amazing at your lexus dealer. Aso the national eye instituteon did 20 years of clinical studies on a formula only found in preservision. If it were my vision, id ask my doctor about preservision. Its the most studied eye vitamin brand. If it were my vision, id look into preservision. Only preservision areds2 contains the exact nutrient formula recommended by the nei to help reduce the risk of moderate to advanced amd progression. I have amd. It is my vision so my plan includes preservision. You have people that arent wealthy but have done quell because of the stock market. I have, i have set records on the stock market even during the pandemic. And that doesnt happen by accident. If joe biden ever got in, i think you have a depression of the likes of which weve never seen in this country if you look at his policy where is he wants to raise everybodys taxes, you look at what he wants to do in terms of regulation where he wants to put all of the regulations back on that i took off, and then some and many cases double it up, youll have a depression the likes of which we havent seen in this country. That was President Trump speaking out on the economy last night during his town hall on abc. Dagen did you watch the town hall what was your reaction . E watched some of it clearly there were some of these questions looked like setup. And in terms of they look like hard core biden vote percent quite frankly number one, and hes got to be ready to answer those questions no fault on that. But in terms of the stock market, the president will be better off talking about Income Growth and getting people back to work here. And talk about where we were as a nation in terms of our economy before the coronavirus shutdown. The stock market is a very, very fickle thing and it can blows up in your face for any number of reasons. Like, you know, the Technology Stocks that have driven market up as they get weak. Better to focus on incomes, how fast incomes were growing for people kind of rank and file workers. Lower skill workers, and income inequality that was shrinking and how his plan of keeping Corporate Taxes where they are actually would help bring people back to work. And give people raises joe biden wants to raise Corporate Taxes to take money out of the hands of companies and hurt workers. You know. Dont forget right before covid19 showed up we were looking at income inequality actually narrowing and wages going up. Bob, we are looking at a new plan from republican it is looking to keep the white house also fighting to take back house of representatives house gop members led by mccarthy unveil their commitment to america plan jot lining their goals they win a majority in november they include increase funding for covid Testing Police training, ten million new jobs, and moving supply chains out of china, bob. They say look, were announcing this commitment with america with three octaves restore way of life rebuild greatest economy in history and renew the American Dream. Your reaction to what you heard from the republicans yesterday . Yes, mar ya i think all of those points are critical but if i take a look at it from a business perspective, one i would totally agree request dagen relative to what happened. Question saw floor Corporate Tax and lowest unemployment level. We saw all kinds of innovation as a result of administrative policy reductions in improvements. Then on the house bill, i think you know, again from a business perspective what i personally experienced during this pandemic, the ppe, Protection Plan kept people employed. The support that this gave to small and need businesses which are at the floor of our economy is critically important. I think its very strong. Its a very strong platform and i hope they can get this passed. I hope pelosi is right and great to see the Congress Work for a while and not take another recess get something done positive for the American People. Maria absolutely. All right coming up strike offering workers major incentive to relocate out of big cities the whopping bonus straight heatdz. And then a new shine on Apple Technology giant announce a slew of new hardware and software well take a look. Youre watching mornings live with maria on fox business. Introducing stocks by the slice from fidelity. Now you can trade stocks and etfs for any amount you choose instead of buying by the share. 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Ive never heard snoring. Exactly. No problem. And done. So you can really promise better sleep . Not promise. Prove. Save up to 1,000 on the new sleep number 360 smart bed and adjustable base. Plus, 0 interest for 24 months on all smart beds. Only for a limited time. Maria welcome back good winds morning everybody thank you for joining us im Maria Bartiromo wednesday september 16th lets take a look at markets you 6 30. On east coast futuring adding to this weak gain ahead of the august retail numbers and Federal Reserve commentary after two day meeting Dow Jones Industrial up 101 points and nasdaq up and currently higher by 15 and dow and s p 500 score their third day of gains yesterday. But the nasdaq was big winner once again it was up one and quarter percent pretty good bounceback recently after that selloff two weeks ago. Global market this is morning also have a firmer tone take look at european indices European Commission president ursula holding her annual state of the Union Address today. She unveils new actions to protect the environment and compete with china. And the United States, the turn negative down eight and dax turn negative down about 1 points this was real time right here in european trading. In asia overnight markets were fairly flat Yoshihide Suga new president of japan. Antitrust lawsuit against facebook, Jackie Deangelis with the details. Jackie. Federal regulators could anows that lawsuit by the end of the year thats according to the wall street journal looking into the Company Acquisition and treatment App Developers apartment of a wider investigation and sources tell journal no final decision has been made on whether fcc is watching facebook and premarket they are down one and a half percent. Meantime u. S. Justice department joining investigation into electric semitruck Research Says that Company Misled Investors with exaggerated claims about its Technology Just last week nicole announce a two billion partnership with general motors. Those shares are down in premarket trading almost 8 this morning, and strike reportedly offering a 20,000 dollar bonus to workers who move from expensive cities like new york city, san francisco, and seattle by the engsd of the year. But of course there is a cash here. The Payment Processing company will cut the workers new salary by 10 . Stripe looking to lower cost to some employees take advantage of remote Work Opportunities in more affordable parts of the country maria. Maria all right jackie thank you so much. Jackie well time flies that was the theme of apple hardware event featuring newest product the annual showcase entirely virtual this year joining me right now with a break down is cyberguy kurt, we have a lot of products to go through. What struck you most about this years event . How hallow empty apple park looked behind ceo tim cook when he launched it and production values make me look back at every one of the other events ive been to this lye and say do we really even need kind of public gatherings when they can make it look this slick . In a product reveal globally. So it does look slick. The most excitement surrounding six apple watch tell us about that. Is it as special as theyre making it out to be . Well, you have apple making another bigger play toward health here. Apple series six coming out in october it will be at about 3 99 dollars on back of the apple watch a new way through infrared and red light to read the color of your blood to read the blood oxygen saturation level why would you want to know that . Guess what combine that with heart rate and signs to pick up and might have signs according to tim cook that you have covid. It could pick out a potentially heart congestive failure it could pick up a bunch of stuff by combining signs not gong to diagnose that but give you a hint saying things arent looking right here you better see your doctor so a lot of big at play with watch as well as tieing it into their services some more. Maria because health care really is the growth story here trying to track everyones health and wellness has been really resonating with people theres also apple watch se right what makes that one unique . You know what youre seeing here is solidifying of cookes plan to really take the existing apple product line and then stretch out these versions so that you have the lower more affordable end one which is the sea, that is much massive success earlier in the year. Right when the pandemic hit do you recall they launch iphone sc, and as chinas sort of coming back around sales were through the roof. Of ai phone sc did fine globally taking on same sign. Heres a more affordable watch where essentially you got the old watch in outside, and youre just making some tweaks upgrades of inside lowering of price starting price on that, 279 dollars which is phenomenal for that kind of break through. Will not have that oxygen sensor on it losing some of the bells and whistles. Not everything was really small you have the ipad also getting an upgrade right. Tell us about that. Again, so youve got ipad just a basic ipad and youll notice also product launches their timing them out. Heres the ipad that is going to be most basic ipad that apple makes. Youve got small, large medium going on product wise it is the most affordable this is great for students. It got a huge boost on the inside so they beef up inside with a12 processor a 40 faster performance there and graphic prrns is great this is perfect for kids going to be faster than any chrome book youll find on the planet. A solid product. Looks kind of the same on the outside but much different on the inside. And superaffordable, 329 to walk into that. Maria what about the ipad air, that wont be out until next month right what about the upgrades there . Brand new design from the ground up complete overhaul of one of apples most absolutely successful tablets. Ipad air has new square edges on it. And a much, much faster chip that it is supertiny on inside five man meters in size smallest theyve ever done oustanding performance on this youre going it see ability to do gaming and video superhigh end stuff. This is that machine where all of a sudden youve got that middle ground product that has superHigh Performance thats going let you bail on laptop altogether. So it is going to really erode laptop market and this with that a14 bionic chip is promises that also delayed until october for the launch on that. The Apple Fitness plus offering ten different routines to keep you in shape this is interesting tell us about this one. To get you to buy a watch maria as always to get you tied into some of the services to chink on tollbooth this will launch this fall team of trainers ten different areas of exercise that you can sign up for. New classes every week. And you combine it say with an apple tv the data on your watch and it is reading of your fitness at the moment those readout casting on to tv through that app as well as bless you as well as on to say an ipad or phone if youre using that. And bring it to the gym but mainly to compete with home workout market. I would say knock, knock knock to peloton on this one not that it is going to take over peloton right away but keep their eye on it and erode a lot of look at the regime and look at also any of the online workouts services that have done quite well. All right real quick apple one bundles multiple apps tell us how does it work . Reading market right now saying okay we have services some are not so enchanting some are great what if we combine them and lower price so theyre going come out later this fall with apple one. It will have the ability for you to get into different tears of icloud music tv plus, fitness plus, starting at about 14u 95 also able toll share with your family and family options with that. Maria all right kurt thank you so much. Nice list going through all of the new a physical products kurt, coming up, the war against coronavirus. Ceo of eli lilly here day dave s join me with breaking news you dont want to miss and marsha weighing in on 2020 race her take on the oracle tiktok partnership. Coming up. But first selects like Kim Kardashian west and Leonardo Dicaprio making a buzz this morning and vowing to freeze their social media accounts. Youre watching morning with maria live on fox business. And on friday we open the floor to our very special panel joe and Juan Williams on the days biggest issues and controversies. All right here on mornings with maria. i need it so bad dont call it a hobby. Its way more than just a job. This is how we live every single day. Can we go and play . roaring of engines i needed to try needed to fall i needed your love im burning away i need never get old maria welcome back standsoff in california ending an hours Long Police Standoff in Los Angeles County ended with a car jacker in custody. The police claiming theres no connection to the suspected shooter of two l. A. County Sheriff Deputies over the weekend. Then the deputies listed in stable condition this morning, a reward for the shootser is now set at 275,000. Join megaright now is fox news senior judge Andrew Napolitano what a standoff in california. Your reaction. You know, youre right, maria, good morning, the Law Enforcement community has mobilized massive resources in Southern California to find this person. And while i went to bed last night it looked like he was the guy and appears, though, hes somebody theyve been looking for but doesnt have any connection to the attempt at assassination of these two Police Officers who are sitting in their cars part of their duties. And survived, so the hunt continues. This was quite a chase last night they actually found this guy in a garbage dumpster using a dog to sniff him out. And when they found him he had a high powered rifle with them similar to one they believe was used in carjackings and may have been used in the attempt at assassination of the police but this morning theyre saying they dont think this is the guy. And who tried to kill cops and hunt for that person continues. Maria meanwhile, i want to get your take on this iewner uber story test driver with charges facing negligent homicide changes in Maricopa County after selfdriving car she was testing for the Ride Sharing Company struck and killed a pedestrian. In 2018, thats pleaded not investigators say she was watching the video on her phone and did not brake in time you remember this story and this video when she was watching the video in her car. And actually struck a person, judge. Your take. You and i and our colleagueses discuss this when it happened because it was one of the very first collisions in the country involving a selfdriving car resulted in death of a pedestrian so the law is novel here. There are no laws as to who was responsible. Is she responsible . Is she responsible for breaking the car or engineers who designed this thing who fail which failed to detect the presence of the pedestrian responsible uber itself has been cleared by the same prosecutor that is prosecuting her. So shes probably going to have lawyers and experts point to the engineers at who designed this thing. In order to exculpate herself i dont think she should be prosecuted but prosecutor knows a lot more about this case and her behavior than i do. It is hard to says where this will go it is a novel area of the law. It is the first prosecution of its type in the United States. And then theres this one Million Dollar bail for pennsylvania protesters, judge, 7 of 13 demonstrators facing price tag after arrested in lancaster on sunday night. Theyre accused of committing crimes participating in a civil disturbance following Police Shooting sister called authorities in hopes of having him involuntary committed for Mental Health treatment after wielding knife at front door. Judge. The bail is very high. But the reason the bail is this high is because the prosecutors and the flees police have evidence that this was not just a spontaneous demonstration. This was an organized effort to injure the innocent and to destroy the property of the innocent. That i think court will probably lower the bail. But for four of these seven people they arent not from lancaster they came to lancaster as group apparently with a plan to do the damage they did. Their damage is utterly unrelated, it appears to legitimate political desent and court is concerned that a high bail would be necessary to assure their return at the time the court meets in the courtroom. Maria dagen jump in. Judge why are more violent rioters anarchist held on at least sol bail okay they can put up bond i understand that. Talking to just one Police Officer on the street a couple of weeks ago, he said everybody who we arrested for looting and essential anarchy in new york city earlier this year, he was like they just are let right out because of bail reform here in new york state. Youve had the d. A. In portland, oregon saying im not prosecuting these people. It is not the amount of bail but fact these individuals rightly so are being held on bail period. Well, you know, again, you and i have discussed this many times youre a hundred percent correct the bail reforms in new york, and new jersey not in pennsylvania where the judges do have discretion when i was on the bench i had discretion to make a judgment call. How dangerous is this fern . What is the livelihood of their return . Qhar their roots in the community and what are their means to post bail . In new york and new jersey the judges dont have that opportunity. In pennsylvania they do. So the judge of pennsylvania sent a strong message and did the right thing. But the Police Officer who complained to you the other day that you just talked about has every right to complain and theres right on the mark. And until Governor Cuomo and mayor de blasio who were moving forces behind the bail reform in new jersey which basically says let everybody go. Until they see how dangerous that is, were going to be stuck with it here. Maria its not just here. Judge, Kamala Harris has been very clear she wants to get rid of cash bail across the country. You know, i dont know how the federal government could do that. It would be horrific if it did. Bail is very important. The right to yeah she did say it. But the only way the federal government could do that would be to bribe the states to give them money to change their bail laws because 95 of these cases that were talking about somebody commits crime, theyre brought before a judge. Theyre set free within a half hour to commit another crime our state issues and state crimes in state courts with state procedures. That the feds should keep their hands off of. Maria yep well she said in an interview this week, want to get rid of all bail reform cash bail reform across the country, and she wants to do away with private prisons. So thats from Kamala Harris this week. Judge, thank you so much for weighing in, great stuff. Judge, Andrew Napolitano really good important to get your take on that. Thank you. Coming up the war against the coronavirus. Eli lilly dave ricks join megaon fox business this morning with breaking news about its Antibody Test and digy small crowns smash auction estimates the whopping price tag coming up. Back in a minute. Still your best friend. And now your copilot. Still a father. But now a friend. Still an electric car. Just more electrifying. Still a night out. But everything fits in. Still hard work. Just a little easier. Still a legend. Just more legendary. Chevrolet. Making lifes journey, just better. If i could, baby id how can i, when you wont take it from me you can go your own way go your own way your wireless. Your rules. Only with Xfinity Mobile. Maria welcome back breaking news morning, eli lilly reporting results for phase two of his antibody drug trial lilly saying antibody releasing for covid19 patients stock is up one and three quarters percent and speaking with chairman and ceo dave ricks on a first on fox interview coming up in about ten minutes time. Dont miss that it is coming up. But first it is time for the morning buzz first up calling for a facebook freeze. Kim kardashian west sending message to her nearly 200 mill instagram followers saying shes freezing her account on both social media platforms to protest the spread of hate speech and misinformation. Dagen what do you make of this . For a day. Theyre so brave and noble to go without their instagram accounts and their posing and posturing for a whole 24 hours to protesting what kind of speech is it in speech hate speech against people on the right and the left . Lets define it. See i just think they all deserve medals for going without their social media. Very important. [laughter] maria i know so crazy and Leonardo Dicaprio also says too much heat speech im freezing account bob what does this impact anybody . Why do they think this is such a big deal in terms of freezing their account . I know they have millions and millions of users. But will this make a difference in terms of in terms of stopping hate speech . I wish it would, maria. I think this is an complengt complengt way to get more visibility and followers after trying to make this token approach that dagen said to stop hate speech. I mean clearly, we need to stop it. Clearly we need to stop it whether it does it or not. Remains to be seen. Yeah. Maria how about this smashing auction estimates the plastic crown plastic worn by notorious big in his big in final photoshoot selling last night for 600,000 item signed business rapper just days before his death in 1997, dagen. Clayborn the photographer who took this, this is important crown. It was notorious b. I. G. Wore it in a famous photograph it came along with two actual precinct photographs and a contact sheet. Hes an incredible figure in the music business, and this is one way of honoring him. Maria all right still ahead were talking with Kayleigh Mcenany from the white house, dont miss it quick break. Well be right back. And etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. Stocks by the slice from fidelity. Knowinits hard. Re is hard. Eliminate who you are not first, and youre going to find yourself where you need to be. The race is never over. The journey has no port. The adventure never ends, because we are always on the way. Noand if youre troubledan a lifby falls and bleeds,ers. Worry follows you everywhere. Over 100,000 people have left blood thinners behind with watchman. Its a onetime, minimally invasive procedure that reduces stroke risk and bleeding worryfor life. Watchman. Its one time. For a lifetime. Well look back and remember the moment that things, for one strange time in our lives, got very quiet. Some lost work and invented new ways to get by. Others were busier than ever, and found strength they never knew they had. We sheltered with the people who matter most, sometimes finding how far apart wed drifted. We worried over loved ones, over money, over our planet. And over takeout. And we found a voice one the noise out there had kept quiet. When the world starts spinning again, lets remember this time where none of us felt secure, and fight for a future where everyone can. Because when the world seems like its standing still. Thats the perfect time for us to change it. Welcome back good wednesday morning everybody thanks so much for joining us im Maria Bartiromo and it is wednesday september 16th. Your top stories right now, 7 a. M. On east coast we are waiting on feds get the very latest, commentary and Rate Decision this afternoon. A lot of focus on fed chair jay powell what he says about supporting economic recovery no expectation it is that we will see any more stimulus or a change in the zero percent rate. Strength of the American Consumer on table this morning august retail Sales Numbers out at 8 30 a. M. Eastern well have those numbers as soon as they hit the tape. Show you the impact on markets. Ahead of the retail numbers fed decision futures are adding to this week gains. We have a little rally underway dow industrials up 150 points and nasdaq up 70 and s p 500 higher. By 21. In fact the dow, s p 500 score the third day of gains yesterday. The nasdaq was big win we are a gain of one and quarter percent on the session. Once again, technology and its momentum back. War against coronavirus eli lilly ceo dave ricks will join me coming up on a first on fox interview at 7 10 a. M. Eastern with breaking news on company experimental antibodies drug big moves in stock ahead of it. Surplus stalemate House Speaker nancy pelosi facing backlash after senior democrats shot down a bipartisan proposal an count down mode to election day. President trump says he has no regrets about the handling of the coronavirus pandemic. This as joe bide opinion courts hispanic voters in florida. History at the white house dawn of a new middle east israel the United Arab Emirates now bahrain sign a deal brokered and Kayleigh Mcenany is here to discuss that. Hurricane sally making land fall as category 2 storm already dumping massive amounts of rain on the region. Plus madonna new project taking on multiple roles with this one. Mornings with maria is live right now. Global markets this morning are mixed take a look at european pinged cease where the down seven and a half points and up 4 points and dax index up 8 points very much a fractional move of a day European Commission president ursula holding her annual state of the Union Address today in europe. Unveiling new actions to protect the environment and compete with china, and the United States. In asia markets fairly flat attack a look Yoshihide Suga new president of japan. Some of the top stories that we are watching this morning, swinging through swing states. President trump telling undecided voters in pennsylvania he has no regrets over his response to the covid19 pandemic. I didnt down play it. I actually in many ways i upplayed it in terms of action. We did a very, very good job when we put that ban on. Whether you call it talent or luck, it was very important so we saved a lot of live when is we did that. Maria meanwhile joe biden making first trip to florida looking to boost support among latino voters. Look, donald trump is failed the Hispanic Community time and time again thats not a secret. Hispanic community Latino Community told in the palm of their hand the des nebraska this have country you may not want to hear it. But its true. Maria biden will be talking about covid19 from wilmington, delaware today President Trump will address the National Republican Congressional Committee in washington. Hurricane sally making landfall the category 2 storm roaring ashore with maximum winds of 105 miles an hour. At a lifethreatening storm surge, parts of the central Gulf Coast Region facing catastrophic conditions. With up to 30 inches of rain and tornadoes. Some areas already reporting peats p feet of rain well take you there as it develops. Air quality in Portland Oregon now has worst air quality in the world. As the deadly and destructive wildfires burn through the west coast, the smoky skies forcing Alaska Airlines to suspend flights in and out of port land and spokane for 24 hour. Airline now resuming flights with a reduced schedule. The smoke now drifting through the east coast. Stretching to parts of new york and washington, d. C. Boeing is under fire again House Transportation Committee slamming company and fa narks report at the fatal crash involving 737 max jet. The Committee Says the crashes were preventible and accuses boeing of minimizing role of a Software Program but less than a loss of hundreds of lives. Report also criticizes government regulators for oversight and shares of boeing in premarket are down three quarters of one percent. Joining the conversation all morning long this morning Dagen Mcdowell great to see you guys this morning. Great to see you. Great to see you, thank you. And it is time for the words on wall street joining me right now Montgomery Scott and marc payne capitol manager and portfolio officer great to see ewe gentlemen thank you so much for being here first up markets are waiting on the Federal Reserve. Futures indicating another triple digit gain at the start of trading this morning for the dow industrials, and investors are expecting fed to leave rates where they are. August retail sales are due out about in an hour and a half so we have good indicators of the economic back drop mark what are your expectations . Well maria. Certainly weve seen at the path of least resistance for stock market sup. Obviously interesting here is that pullback in tech stocks wasnt accompanied by declining yields and moved up inductive of isolated tech and indictment Global Growth and fed on that front were going to see no change in Interest Rates, of course. I think the only mystery here is whether jay powell and company are going to add to the Virtual Meeting but were talking about average inflation targeting in or what kind of Forward Guidance they may offer that accompanies plot relative to outcome base expectations as to what might move rate policy or do we have them staying still on any further discussion leave that to december meeting. So i think thats what the markets will probably waiver on predicated upon, obviously, too retail sales, of course, is a great signal as to how well Consumer Spending holding up. Maria yeah. You make a good point. Thats what wall street is waiting for. Whether or not we see it change in the forward statement that would tell you that cornerstone folks are saying that fed wont make any changes to the statement in particular, no new Forward Guidance and no modification in the pace of qe, maybe thats priced into the market if we dont hear much from the fed today meanwhile big tech is leading the way again Amazon Google Parent Company alphabet facebook all finishing up better than 1. 6 yesterday. Apple also ending day higher. This is another tech company now snow flake is hitting the market with an ipo ryan your take on the evaluation of these companies and the strength of tech asking leadership industry in the market. I mean it is insanity maria when you get down to and looking at evaluation and snow flake ipo come out 33 billion which is well above where it was priced just a couple of days ago. Which is just insane. I think you have this crazy dynamic right now wrote Retail Investors are driving the market. You have options trades that are up like 92 from last year and i think robin hood Trading Platform a little too easy to trade and offer free drinks with free trade. But i digress so i think right now you know youve got to be careful because tech is overvalued if you can keep going here, but you know were in a world where yield is so scars we just talked about fed in keeping rates low for much longer, and youve got a lot of Big Companies paying three or 4 that scarcity yield is important concept i think thats where money has to go. Maria yeah. Meanwhile tiktok is the story here continues time is running out. China is bytedance Parent Company of tiktok apparently would reportly retain majority control in the agreement with oracle a deal deadline set for monday lee i was struck by the journal this morning and how the yowrnlg journal is writing it that bytedance has ownership stake in tiktok and then oracle have a Minority Stake in the overall company. This doesnt necessarily look to me like the chinese theft of intellectual opportunity and pass with regulators . I dont know how it is supposed to. I mean whole issue is Data Security this is a shape of things to come maria. We have a two tiered bifurcated to have asian tech and tiktok is an exception to the rule you recall in summer when we ban reach i think most americans docket know difference between we chat and whats app. But i think that i was going for it. Yoangt see how the deal will work or really solve what is the core issue which is when we have major tech platforms in china, come and have a wildfire success in the u. S. , we now have to contend with Data Security also were shooting cannonballs not over but into the map. That i think were gong to see the same type of backlash when europe and other regulators look at what facebook is doing with scrutiny were already starting investigations this week into facebook so i dont think this deal is going to pass. Well see what happens. I think, though, it gives you a pessimistic environment in chinese tech that i think you can buy right now. Maria yeah. I mean i would agree with you it doesnt appear that this fixes the issues that having so wildly talked about that Tiktok Global business would also become a Company Based in the United States. And would remain a unit of bytedance this is according to the wall street journal reporting this morning. So were going to wait deadline is sunday you make important points there. Mark ryan, lee, great to see you gentlemen thank you. Word on wall street coming up the war against coronavirus Eli Lilly Dave Ricks here on fox Business Interview with the breaking news that is moving this stock and impacting millions. You dont want to miss it right after the break. Then ill be speaker with Mick Mulvaney and marsha weighing in on 2020 race and her took on oracle and tiktok partnership. Plus Kayleigh Mcenany will join me youre watching mornings with maria, live on fox business. We love our new home. Theres so much space. We have a guestroom now. But, we have aunts. Youre slouching again, ted. Expired, expired. Expired. Thanks, aunt bonnie. Its a lot of house. I hope you can keep it clean. At least geico makes bundling our home and Car Insurance easy. Which helps us save a lot of money oh, teddy. Did you get my friend request . Uh, ill have to check. doorbell ringing aunt jonis here for bundling made easy, go to geico. Com. Hello . For bundling made easy, go to geico. Com. Maria welcome back breaking news this morning, eli lilly releasing results of covid19 antibody study. And it found positive results in treating patients with the virus and lowering need for hospitalizations for those with moderate cases. Join me right now first on fox Business Interview is eli lilly ceo dave ricks dave great to have you back this morning thanks so much and congratulations on these findings. Very positive news, tell us what strikes you most about what you learned from this phase two trial. Thanks for having me on it is important day against the fight against covid and approved first proof of concept for new approach designed to beat covid. The first medicine is really designed from scratch to beat covid. And lilly antibody in this study not only lowered viral load in patients. Improves symptoms but most importantly as you said reduced hospitalization risk by 72 in the study it is a smaller study we need to replicate findings but this is important day in fight against covid. This study was done in what we call ambulatory patients and people diagnosed at high risk factors improve as well so this is an exciting moment. Were, of course, encouraged by this and many studies ongoing with this drug, and leaning into this and fall season comes. Maria yeah los angeles to you all of your scientists working so hard on this, tell me what it means to say with those people who have moderate cases because that was one of the key points in the results of this study right . For those patients with moderate covid. Right. So this study and first of all thank you for saying that about our scientist hundreds at lilly working around clock since late february. To get to this moment today an hats go off to them and as well as collaborator and hospitals and 400 or so patients who volunteered it to enter this study. These patients we didnt know. They were mild, severe, or moderate yet. We entered them into the study as soon as they received a positive diagnosis. So it is really all comers study in that respect. And even with that all coming population, we saw this significant reduction in hospitalization. Today 50,000 or yesterday 50,000 americans were diagnosed with covid19. Thats a huge number and probably two or 3,000 of those in about a weeks time will progress to hospitalization where the risk go up, and Health Burden on our system increases. So the hope with this type of setting would be to use antibody if youre newly diagnosed particularly with high risk factors to provide progressing to hospitalization. And once you have the antibodies youve had covid, you no longer have covid you theres no risk for you to be around others right once you have those antibody . I want to get your take on that as well as what you see at the fda today, dave, because the Trump Administration has been trying to take down regulations, make the barrier to passage faster. Are you seeing that in your role as head of eli lilly have you seen change in terms of the fda efforting fast approval . First part of your question this is an antibody that was built for and engineered to supplement the bodies response to covid19. It last in the body four to six weeks, and another setting were studying and i think youve reported on is in prophylactic use at risk for infection studying same antibody in nursing home where is one patient has become sick, can we stop the spread thats another application. For this technology, but it goes on top of your bodies own response, and ting that Scientific Data so far shows you have mounted response against covid19 it is unlikely youre going get infected again thats why vaccines are weighed because they simulate Getting Better from the disease and perhaps that will be protective. Thats encouraging. As it relates to regulators and nih other collaborators within the government its been a great collaboration from the beginning. Thats one part of the Covid Response thats really working. The fda is making themselves available on moments notice theyre doing things in record time right along with industry. And thats an important point to raise here not only do we have around here but we have speeds and started this project in early march. Today were announcing first in Human Results normally maria that process might take five to 7 years. We just didding in about seven months and thats what the help of the regulator and incredible work of our scientists here at lilly. Well thats actually incredible, dave. I mean are you surprised at the speed with which you have been able to move . It seems that since this began, former sector eli lilly included has been just collaborating getting together to ensure that there is therapeutic, or a vaccine ultimately, the antibodies studies that youre doing in say in these phases that has just happened sooner than so many people expected. How is that possible, walk us behind the work that has been done to explain how youve been able to pick up the pace here and get this done so quickly . From the jump here at the beginning really even before we had outbreaks in u. S. Industry started talking and working with global experts but amongst ourselves to find solutions. And there have been so many collaborations probably in a given day march yay speak to a peer ceo one or two a day normally that doesnt happen in our industry maybe any other industry to figure out ways to speed up to work better together. But one important point here is, you know, the pharmaceutical industry is a u. S. Industry. The scientist who is did this work, are here in america, and that base of capability that we have which is really unique in the world, is built up over decades of investment. And repurposing it against covid, but had we not built up that base really had this uniquely american industry we would not be in position today to mount this kind of response to covid, and in the end, science is going to beat this thing and were science business, and lilly scientist along with whole industry have done a fantastic job not over yet, of course. But we need to we need to celebrate that. Thats fantastic and to that point youve also got phase three diabetes drug in the work and healthy pipeline there is that growth at lilly when you look at the diabetes work as well as even in opportunity on alzheimers right . Yeah weve got many exciting da pa outside of covid. Of course weve been working in the new area. We havent been Antivirus Company before. We kind of are now. But our Main Business as you mention is in areas of chronic disease diabetes in cancer, weve got prnght and knownsment coming over the weekend of Breast Cancer drug, and then alzheimers weve got some data coming out early next year that were excite excited to see everybody wants to break through in alzheimers. Were in the fight on all of those diseases as well. Maria of course were wishing you the best of luck with all of it. Dave ricks thank you so much sir. Dave ricks ceo of eli lilly. Well be right back. Life is jus. A Raymond James Financial Advisor gets to know you, your passions, and the way you help others. So you can live your life. Thats life well planned. Here . Nah. Here . Nope. Here. When the middle of nowhere. Is somewhere. The allnew chevy trailblazer. Good job, michael does. Ok, lindsey now tell the class what your mommy does. My mom has super powers. Its like she can see the future. What . its like she time travels in a rocket ship. Thats cool and then she comes back saying try this or try that. She helps everyone. She helps them feel less worried. Wow mommy, so what is it that you do . Im a Financial Advisor. She is aig proudly supports all the professionals taking care of our Financial Futures. Maria welcome back Coronavirus Relief compromise, the house problem offering bipartisan stimulus deal with one and a half trillion including another round of checks unemployment boost, and money for the Paycheck Protection Program. White house chief of staff mark meadows saying it could provide a, quote, real opening for further discussions House Democrats shout it down with a plan with a 2. 2 trillion price tag joining me now is acting courthouse chief of staff omb director mick mol vein a pleasure seeing you. Good morning. Morning maria. Maria whether problem solvers or stimulus plan it doesnt appear that real negotiations are really going on right now. Is this just dead in the water right now . Well, i think youre right to say that those negotiations are not going on right now. Thats not to say that this could not move very, very quickly in next couple of weeks keep in mind the pressure is simply building on leadership in both the house and the senate. Folks are most at risk for getting blamed for not having a stimulus package would be the democrats in the house the republicans in the senate. All of the house is running for reelection. Much of the senate is running for reelection so the pressure will continue to build on leadership to try to get something out the door. And with the government needing to be funded by the end of september there will be a necessary carrier bill that must get passed. Between now and the election, so i think it is right to say that things have gone very slowly theres a chance that something doesnt pass but i do think that pressure is building to get something done. Maria i mean, do you feel that it is needed . You have been among those who have been prudent in term of spending youll have one eye on the debt all of the time. Do you believe at this moment in time something is needed . No. I dont. I think theres probably a growing group of lawmakers in washington who are starting to accept that. That retail numbers are good job numbers are Getting Better things looks like were turning out of the depghts depth of this recession i dont think thats necessary but never been the met flick washington, d. C. If you think you have to pass something in order to get reelected, lawmakers love keeping their jobs, pressure is going to be on them again in democrats in the house, republicans in the senate, to pass something so that they can go back and run on that between now and november. So i think your gut instinct is correct economics dont mandate it and politics, however, might. Maria meanwhile Kevin Mccarthy gop leader coming out commitment to america yesterday fighting to take back the house to try to indicate where the democrats have been, you know he says they orchestrated most baseless impeachment in u. S. History meanwhile the gop is trying to triple the amount of covid19 testing. Theyve got a promise to americans should they actually get the control of the house again. Three specific objectives restore our way of life rebuild greatest economy in history and renew American Dream what do you think it will take for republicans to take back marnghts in the house this november . The sort of turnout that we have in 2016 ill never forget the morning of that election when a friend of mine from pennsylvania called it about 9 00 this the morning said donald trump is going to be president he said because i just voted my precinct i was number 1850 and 800 voted all day. Donald trump can drive a turnout and likes not seen in modern politics before thats what it is going take i got back from pennsylvania i was in pittsburgh over weekend. The ground swell is there support is there for the president. Whether or not that translates to voting on election day, well be the make or break for republicans in both house and senate. Maria do you think, though, that the plans, the policies are resonate why are you getting that turnout do you think people understand that youre seeing the republicans try to come out with solutions and youve got the critics of the president sort of wanting to sew more chaos . You and i talked about this couple of weeks back what would election be . Trump versus trump qowld it be a referendum on the president or would it be trump versus biden i think that campaign, the Trump Campaign has been a decent job in last four or five weeks going after biden to make it a binary choice people dont forget you dont get to pick the ideal candidate and sometimes down to two or three people and campaign has done a decent job that have. If they can continue that continue the momentum they seem to have built in the last couple of weeks, ting carries them through give use a lot of coverage in the senate. The house is beginning to be tough. But the opportunities still exist. Maria all right mick great to see you thank you joining us there. We will, of course, be watching and covering it. Well be right back. Or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Keeping your oysters growing while keeping your business growing has you swamped. you need to hire i need indeed indeed you do. The moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base so you can start hiring right away. Claim your seventyfivedollar credit when you post your first job at indeed. Com promo before money, people tools, cattle, grain, even shells represented value. Then currency came along. They made it out of copper, gold, silver, wampum. Soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. Thats why its time for Digital Currency and your investment in the grayscale funds. Go digital. Go grayscale. Leading armies to battle . , was that your greataunt, keeping armies alive . Drafting the plans. Taking the pictures. Was it your family members . Who flew. Who fixed. Who fought. Who rose to the occasion. When the world needed them most. Find and honor your ancestors who servered in world war ii. Their stories live on at ancestry. Maria geed we understand morning everyone thank you for joining us im Maria Bartiromo and it is wednesday september 16th. A look at market this is morning 7 33 a. M. On the east coast. Futures are rallying adding to last week gain ahead of the Office Retail number this is morning. Due out in about an hour wait on Federal Reserve well hear from the fed at 2 15 p. M. Eastern this morning. The dow this afternoon rather the Dow Jones Industrial up and nasdaq up 20 points and s p 500 higher by 14 on top of yesterday gains as well. Dow and s p 500 scoring their third day of gains yesterday. Nasdaq with a gain of one and quarter percent at 4 00 on wall street Global Markets are mixed take a look at european indices the European Commission president ursula, holding her annual state of the Union Address today. Unveiling new action it is to present the environment and compete with china as well as the United States. All of the major indices in europe are now negative fractionally so in asia overnight a negative flat showing, as you can see, the only winner was the nikkei average in japan, yoshihide was japan new president. Prime minister almost in eight year, Jackie Deangelis with the details. Jackie. Thats right maria you mention josh replacing abe last month over health concern. Suga work as chief cabinet secretary saying Top Priorities will be fighting covid19 turning around an economy battered by the pandemic. And cold is flashing its corporate work force by 15 . The Department Store chain is trying to adjust to the economic downturn due to the pandemic. Kohls saying that the cut will save 65 Million Dollars and they are part of broader plan to reduce cosby more than 100 million. Were watching those shares theyre up about half a percent this morning. And fact, fashion meets high fashion amazon is launching its Luxury Stores to sell high end goods. The platform will debut at the collection from oxford one store is available by invitation only to prime members via the amazon app. Maria, what wont amazon get into now . Maria its true. Unbelievable jackie thank you so much. On the campaign trail meanwhile President Trump speaking at a town hall in pennsylvania yesterday defending his record on coronavirus. But also touting the economy. Take a listen. You have people that arent wealthy but that done well because of the stock market. I have, i have set records on the stock market even during the pandemic. And that doesnt happen by accident. If joe biden ever got in, i think you have a depression in the likes of which weve never seen in this country. Maria meanwhile joe biden making his first trip to florida as democratic nominee he makes an appeal to latino voters, a new mammoth University Poll shows 26 point lead for the former Vice President , but that is still a slimmer margin than Hillary Clinton received back in 2016 when she actually lost the sunshine state. Joining me right now is tennessee senator member of the senate arm services committee, Senate Commerce Committee Senate jew dish committee and senate affair senator Masha Blackburn thank you so much for joining us. How are you feeling about senate races now what kind of reception are you seeing this is one area that some supporters are worried about, the republicans losing the control of senate. Our Senate Candidates our incumbent candidates are doing a terrific job. And their poll numbers are good. We have them gaining strength and maria, as i looked at these races every weekend im chairing this targeted state Victory Program for incumbents they are out there. Theyre delivering their message, and were going be bringing them back, plus, were going pick up some other states that race in michigan with john james, he is, i think, were going to be seeing him come in as a senator, of course, coach, down in alabama. Youve got ron chetty you look at how the president is doing in minnesota and wisconsin, and other areas. Were in pretty good shape were working hard to make certain that we hold the senate for another four years of president donald trump. Maria and what do you think the most important issues are to voters. Will it be the economy . Will it be the handling of coronavirus . Or Something Else . We hear a lot about it three issues. Safety and security, and i will tell you especially with women, that is item number one. The second thing youre hearing a lot about is the economy. Because Everyone Wants that job security. They want the help of the economy. When you look at the performance of the economy, in 2019, and how you saw that plus and take home income in 2019, that is what people are warning to get back to. The recovery that youre seeing in the economy. The way the stock market is performing, the help wanted signs that are out. This is good news and it helps the president that he is for fracking in pennsylvania, and youve got joe biden who cant figure out if hes supposed to be for it or against it and has been on both sides of that issue. Maria i have to ask you about this tiktok situation, Chinese Company bytedance holding on in this tiktok deal. Weve got the wall street journal reporting this morning that the Chinese Company would res cane a majority stake in the app. This is part of a conversation even after oracle becomes its u. S. Technology partner. Missouri senator josh hawley spoke out about the dangers of the partnership. He writes this, any corporate shell gain that leaves tiktok in handle of bytedance simply perpetuate original problem using u. S. Everyday users at serious risk. I mean, given what weve spoken about, in terms of the threat from china, do you think it makes sense to have bytedance keeping a majority stake in tiktok once oracle acquires Company Technology partner, however, you want to say it . Yeah. You know, and the deal is that you have to look at what bytedance would be what their participation would be, and maria, at a more gradually level you have to look at what happened happen with data from u. S. Consumers. How would this, this be transported. Is it held within the u. S. . Does bytedance have visibility into that. Now reviewed this yesterday with we do not know what they have come out with but we do know that oracle is pushing to make this happen, you know, ive had concerns for a long team about china. Im concerned about what they are going data, im concerned about their spy network. We do not need to let them get any tight presence thats going give them control over u. S. Consumer data and allow them to expand their spy network. Period, end of sentence that is it. Maria exactly. And question i keep asking is how many employees from tiktok are going to be working with oracle are we going to have another situation where you have insiders, inside oracle sending data back to the ccp, so i dont understand that this is even being discussed. I know that looking at this and youve got representatives from treasury and commerce so well wait to see what it says but you you answer the question exactly what i expected. Real we can senator is there any negotiation going on now for another stimulus bill or is that dead in the quarter it sunt seem like theres real negotiations going on am i right about that . Well the little bit of daylight on this is now that you have 100 house members that are pushing pelosi and youve got a lot of these suburban women that won. And now they are pushing back at her an saying what are you doing . Because we put a great deal on the floor in the senate last week. It would have covered the liability, the schools, the testing, and the ppp u. S. Plus and the democrat said no it aint going to have post office money in there. They were so concerned about the post office. They want the American People to suffer. And to suffer from now to november, i think that is despicable. Maria you it certainly sounds disgraceful senator good to see you this morning thank you very much. Well be watching you Marsha Blackburn this morning u. S. Business is relying on u. S. Cotton once they qaig in on that. Back in a minute. We got no free pass. Everything we have, weve earned. The unmistakable lexus is. Get zero percent financing on the 2020 is 300. Experience amazing at your lexus dealer. A livcustomizeper iquickbooks for me. Experience amazing okay, youre all set up. Thanks that was my business gi, this ones casual. Get set up right with a live bookkeeper with intuit quickbooks. They get that no two people are alike and customize your Car Insurance so you only pay for what you need. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Maria rising tensions with china heightening the Trump Administration announce new restrictions on monday. On imports that apparel hair product and technology goods from Certain Companies in the region after, of course, the news of force labor, another Human Rights Violations in the region where youve got one million locked up in camp and banning things like cotton are going to impact american companies. But theyre being made in this region by those locked up. Your take. Yeah maria. I said several times now, one of the Biggest Challenges were facing right now in the economy is getting the supply chains back in order. To your point, a number of companies that im personally experiences or hearing from it concern over supply chain that recent ceo survey said 45 of the ceos are concerned about supply chain. Why . Because of the issue you just mentioned number two, because of the tariffs. Number three, some of the the reductions in tariff and number will go back on so seeing unundate of request to move from china to other areas whether it was on shore or other country it is that are very favorable towards production, labor, material cost, et cetera whether it is in vietnam or some of the local countries there. So this is a big, big challenge, i think a lot of us went offshore. Not by design but because were trying to compete globally and disadvantage at Corporate Tax we saw that with this administration as a tree help so saw a lot of onshore and see a lot more of that maria as a result of supply chain we see some of the largest industry Automotive Industry still suffering from supply chain availability. Well this is a really good point because the whole movement in the Trump Administration to moving supply chains to america, will we see retaliation . Will we see an impact the Companies Involved nancy from corner tone macro accounts for 100 companies that have already moved their supply chain and yesterday we have acting secretary of Homeland Security said these extraordinary human right violations demanding an extraordinary response. This is modern day slavery whats the answer . You know i think a lot of this maria from my experience to General Electric or home depot chrysler, you know, we had a very deliberate organization that would go over and personally inspect the facility to make sure that we were not involved with child labor or some of the issues over safety and we look for quality. We look for humanitarian requirement. So again, i think corporations, businesses, have to be very diligent before they sign up for that. Or if theyre there today they better go back to recheck all of it but you certainly feel blindsighted i think we all have to be thinking about supply chain we need to short opinion supply chain. Advantage of that is less work and cap less inventory on water and just ability for continue knewty i think the street wall street is going to have to reward companies who have addressed supply chain just like theyre looking at esg maria. Theyve got to look at it either prices are going to go up. Right or going to go down so weve got to look at that as Corporate America how were going address it. Maria all right. Coming up, a programming note join me friday at 8 a. M. Eastern, for our power panel hour. Fox business Dagen Mcdowell the five cohost Juan Williams and hill media reporter joe will all tbhaig on hottest topickings making headlines 8 a. M. Dont miss it but first aspen martin introducing new way you can drive in your living room. Back in a minute. Here . Nah. Here . Nope. Here. When the middle of nowhere. Is somewhere. The allnew chevy trailblazer. Lookentertainmentour experience xfinity x1. Its the easiest way to watch live tv and all your favorite streaming apps. Plus, x1 also includes peacock premium at no extra cost. This baby is the total package. It streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. Yup, the best really did get better. Magnificent. Xfinity x1 just got even better, with peacock premium included at no additional cost. No strings attached. I hope my insurance pays for it. Can you tell me how much this will be . [cashier] 67. Sorry. Wait, have you heard about goodrx . Goodrx finds free coupons to help you save up to 80 on your prescriptions. Wow, i had no idea. [announcer] goodrx, stop paying too much for your prescriptions. Maria time for the morning buzz, first up the material girl, on the Silver Screen madonna going to cowrite direct a film about her life. She says theres no one better to tell her story and focus will be on music. Dagen youre going to go see it . I would see it cowriting it with cody who wrote one of kind of the great coming of age film juno what is better than movie is madonna is on social media doing videos of her working during the pandemic shutdown with deablo on the script and it is interest so that might be better than the flick. All right next up getting behind the wheel of an aspen martin without leaving your home. The automaker unveiling driving simulator to give you a sense what have it is like to rice bob youre a car guy. It will cost you with a 74,000 price tag. What do you think . Yeah. Im a car guy. But you know, i think they advertise that as privilege gamers which i dont fit into that category for 74,000 dollars. Im sure it would be exciting, but i got to believe it is a pretty limited market out there. They should have taken that apple approach on having opening price points so get people behind that wheel of the simulator. Maria yeah. I mean, i think that when youre talking about an aspen martin i frankly dont want to do it in my living room is this going to be a seller . I think for a car you know what i mean daig whn youre a car person and i know you are as well ive heard all of your stories about the beamer. But you know, you want to be on the road right dagen . Bmw did write and replace the automobile by the way. So i have to give them immense amount of credit for stepping up quickly without any real pressure from me on that. But heres the issue, when you buy a High Performance car you need to kind of kind of let her loose. Need to take it to a track. So you cant just go out in your High Performance car and hit, you know, a buck 50 on the interstate because youll go to jail. So this is a way of kind of you get the experience if you own say an martin which i never would but experience of what it would be like to drive it and again keep you out of the and driving recklessly and getting speeding ticket. Driving a buck 50 never gone that fast . Me ofng not. Of course not. [laughter] never. Maria. All right i like to see i like to see you driving on road in your beamer one these days i know people recognize you in that car too. Recognize driving your bmw. An i8 i drove got wings and gas electric hybrid thats recognizable and yes people would tweet say did i just see you driving down i81 with that actually happened maria funny all right were waiting on august retail sales number this is morning and soon as it hit the tape 30 minutes time. Marketing are rally there morning dow strils up 135 points right now plus dont miss my interview with White House Press secretary Kayleigh Mcenany shes coming up next on mornings with maria, live on fox business. I knew about the tremors. But when i started seeing things, i didnt know what was happening. So i kept it in. He started believing things that werent true. I knew something was wrong. But i didnt say a word. During the course of their disease around 50 of people with parkinsons may experience hallucinations or delusions. But now, doctors are prescribing nuplazid. The only fda approved medicine. Proven to significantly reduce hallucinations and delusions related to parkinsons. 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Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Maria welcome back. Good wednesday morning, everybody. Thanks for joining us. Im Maria Bartiromo. Wednesday, september 16 top stories 8 00 a. M. On the button oaks. Waiting often Federal Reserve, we will get latest Rate Decision perhaps forward guidelines from from jay pou thel afternoon, what he says about supporting economic recovery we will get that nice at 2 15 pm eastern after two day meeting at the fed strength of American Consumer on deck august retail sales months in out 1 2 an hour the report as soon as it will hits, show you impact on markets, ahead of retail numbers fed decision futures rallying adding to gains dow industrials up 129 points 1 2 a percent,nasdaq up 40, third of a percent s p 500 higher by 17 and one half also one half of one percent. Dow s p 500 third za of gains nasdaq winnering gain one 1 4 at 4 00 on wall street war against coronavirus eli lilly ceo joined me on trial saying rooufs need for hospitalization for moderate covid19 patients up almost 2 stimulus stalemate nancy pelosi facing backlash after proposal was shot down President Trump has no regrets about hostage of coronavirus pandemic as joe biden courts hispanic voters in florida history at the white house the dawn of a new middle east israel United Arab Emirates bahrain signed a detail brokered by Trump Administration, for normalized relations in middle east moments from now Kayleigh Mcenany will begin to me agenda for second term sally making landfall category two storm we take you live to alabama mornings with maria is live right now. Maria Global Markets mixed european indices mostly negative ft 100 down 12 cac quarante down seven dax up one point European Commission president holding her annual state of the union today unveiled actions to protect environment and compete with china and United States in asia overnight markets fairly flat Yoshihide Suga named new Prime Minister of japan nikkei average up fractionally, some top stories that we are watching this morning right now, President Trump telling pennsylvania resorts he has no regrets over response to the covid19 pandemic. I didnt downplay it i actually in many ways i up played in it terms of action, we did a very, very good job where we put that ban on whether you call it talent or luck it was very important, so we saved a lot of lives when we did that. Meanwhile, joe biden making first trip to florida looking to boost support among latino voters. Look donald trump, Hispanic Community time and time again, that is not a secret hispanic Latino Community holds in palm of hands the destiny you may not want to hear it but it is true. Covid19 from will pining monday delaware President Trump will address National Republican Congressional Committee in washington. Portland, oregon has the worst air quality in the world. Smoik ebb from deadly destructive west coast wildfires look at pictures, the smoky skies alaska air also as you suspending for 24 hours. Picture look like something out of beijing smoke drift to go east coast stretching to parts of new york, washington, d. C. A record settlement to report city louisville agreed to pay 12 Million Dollars, to the family of taylor 26yearold black woman shot and killed by police in march. Only the beginning of full justice for briana time to move with criminal charges s she deserves that and much more. Police used a no knock warrant on the of apartment in a drug investigation warrants are no longerlawed the settlement calls for a series of Police Reforms a new warrant approval process. Decision by u. S. Government on closely watched deal between tiktok and oracle is imminent. Sources tell fox business officials from Treasury Department bytedance met yesterday oracle believes deal will be approved the agreement described as trusted Technology Partnership call for bytedance keep a majority stake in tiktok according to the wall street journal, President Trump says tiktok is a National Security risk threatened to ban company from United States unless it sells u. S. Operations to american firm. Take a look at oracle shares premarket up one and a half percent. Hurricane sally making landfall as category two hurricane winds topping 100 Miles Per Hour, he more than half a Million People without power in the gulf region to Grady Trimble in mobile, alabama this morning grady good morning. Reporter maria good morning programmable raining sideways here in fact when the rain hits your face it stings because being pushed so fast by high winds here, are, here in mobile speeds up to 80 Miles Per Hour and dust along the river interesting we are seeing opposite of a storm surge water pushed out from shoreline towards the gulf coast not case from Alabama Shores pensacola florida where they are seeing historic lifethreatening flooding we have been told to evacuate, because of how dangerous this storm is, but make no mistake, just because eye made landfall in Alabama Shores pensacola area this area hitting hard as well more than half a Million People without power across the south because of sally 130,000 of those are right here in mobile. In short drive to this area we saw trees down we saw he pieces of roof from buildings on the ground. And because of that going to be a long recovery for people here and across the gulf coast. Maria. Ub unbelievable grady stay safe please mobile alabama Grady Trimble thank you so much we will check back joining the conversation this morning, Dagen Mcdowell, bob nardelli great so far you guys. Dagen great to see you. Thank you. Maria talk about president ial election 2020 heating up new polling shedding light on key battleground oxygenate former Vice President joe biden leading President Trump in florida five points morgd to monmouth University Poll a town hall last night touting the economy and pandemic. Joining us Kayleigh Mcenany. Good to have you this morning. Good to join you great town hall last night your take away from president answering questions from voters and George Stephanopoulos. Incredible a very clear vision one that approved very successful in his first term, one where we deregular late lower taxes one where we have law and order in the streetslet not forget under President Trump Violent Crimes started coming down resurging with defund the Police Movement has led to heinous actions, on ambush attempts on Police Officers, and crime in our streets in fact 53 children losing lives since beginning of this year. Maria and it is incredible that you are not hearing denouncing of this activity from the president s critics i think that was a tactic that worked against them but have you seen any impact on this in terms of the election, where people understand this president has been the lawandorder president . Yeah, we have. In fact monmouth poll showed 65 americans are worried about law and order significantly black Americans Care most about this most affected by it we have seen direct correspond lakess you Defunded Police department in l. A. Look money increase in Violent Crime ferguson efficient disgraced jim comey nodes in obama days we have seen this play out before unfortunately, that terrible shooting of two officers in l. A. Thank god by a miracle survived. Let me ask stimulus negotiations where we are House Speaker nancy pelosi told lawmaker they will not go home for november elections without a covid19 package pelosi rejected the bipartisan proposal yesterday would have rerevived Paycheck Protection Program 1200 dollar stimulus checks where are we on this do you think we will get anothers stimulus plan by election day . Because feels like nothing is going on in terms of serious negotiations. Speaker pelosi has been finally unserious homeo whole time went to hair salon not open to general public now trying to play it safe saying members wont leave town on a caller reportedly pelosi got a ton of pushback from members from moderate democrats saying this is unacceptable, we have been chief of staff mark meadows secretary mnuchin on hill offering he appropriations giving more than they asked for funding, for example, she would reject doesnt want to give president a win before election shame on nancy pelosi not helping unemployed americans. There is more to it you history at the white house United Arab Emirates and bahrain normalizeing with israel a significant major shift in middle east to think looking at normalized relations for israel in middle east you had that signing yesterday but nancy pelosi during a cnn interview said that the Peace Agreement Trump Administration has sponsored this month was a distraction from ongoing Coronavirus Crisis said well hopeful they wont before continuing said the he hopefully their beneficial to the regional good for President Trump having distraction. Nancy pelosi is disgrace even other candidate joe biden noted what Historic Deal this was because there is no denying the fact in 29 days you have seen three peace deals in addition to israel bahrain israeli United Arab Emirates United Arab Emirates kosovo, this hasnt happened in a quarter century President Trump did it twice big media said would never happen said we would be in disarray after embassy moved to jerusalem the contrary, the president nominated for about to he nobel peace prizes. Congratulations to him for that that is an incredible situation but to see this actually taking place, because of negotiations is really extraordinary, kayleigh are you expecting other countries to join these others like, for example, oman, to say say that they too want to normalize relations israel what does this mean. We are expecting other Peace Agreements in the near future this is bad news for iran president came in tore up nuclear deal would have permentsdz iran to get Nuclear Weapons as sun set of provision was reached now you have an iran that is no longer has that nuclear deal that is been isolated on are world sustainable because we make Peace Agreements between israel and arab nations i never felt more pressure when you include sanctions this president knows how to stand up to enemies encourage allies to end decades olding conflicts. Did you get pushback from media in any way on this you have been great pushing back on some critics, in your media briefings, what has been the sense, you are getting he go from media on this story . So you know you have done a very historic thing when media ignores it, you had cnn, msnbc cover in part entirely ignored rest of day going about sensational headlines designed to take down this president the media my ignore it American People see what is going on on social media elsewhere no denying history was made here at the white house yesterday. Maria , of course. S we recognize that, kayleigh good to see you this morning thank you so much we will be watching all the developments Kayleigh Mcenany at the white house this morning. Well be right back. All the ways nationwide can help protect Financial Futures in peytonville. Nationwide can help the greens get Lifetime Income because their son kyle is moving back home and could help set up a Financial Plan for mrs. Garcia. And he explained how nationwide can help mr. Paisley retire early and spend more time with his pal, peyton. And their new band. Exactly yeah. Dont forget the band. I havent. Maria welcome back, cost of covid19 wall street journal taking a look at how coronavirus patients are bearing the cost of treatment. The journal finding paying large outofpocket fees despite federal money to assist uninsured hospitals dealing billing patients instead of companies disputing when was for corona. Who is going to pay the bill. Do we have any clarity on the cost of this . No one knows with any are certainty we are in the middle of this catastrophe no one has any certainty what will be the ultimately bill to the Insurance Industry there is a global catastrophe as i said it has no geographic bound or time limit. But best estimate it is going to cost the Insurance Industry on liability and asset side of the Balance Sheet somewhere norths of a hundred billion dollars the largest catastrophe the industry has shouldered in its history. That was a great interview when evan. When policies are were written years ago did not include a pandemic. So youve got lawyers right now arguing, well, Insurance Companies cant pay the bill. This is not for the got to a Government Program you got to have ideas with partnership between business and government Insurance Companies never said would pay for pandemic. Dagen in terms of Health Insurance number one i want to know if health Insurance Companies are going to give refunds to all people basically used no Health Care Services people say who didnt get covid 1 i got a rebate from Auto Insurance company why not Health Insurance if i literally didnt go to a doctor or couldnt go to a doctor for months and months and months, number one, number two in terms of Health Care Costs the the wall street journal in this article, highlights that the biggest at risk group in terms of extra expenses are six million americans who are covered by medicare but dont have supplementary insurance plans i raise this issue for the Trump Campaign or Trump Administration, medicare doesnt have out of pocket spending limits has not suspended 20 cost sharing for covid19 treatment. That is something that could be done with an executive order, suspend that cost sharing, for anybody who has gotten covid in the medicare who doesnt have supplementary insurance because some people getting hit with bills followupbills thousands of dollars people lost jobs this is easy fix for the administration. You huge bills bob, and when you look at the other bills, from interest business, you know Business Interruption, you were in business you dealt with some of this in terms of Business Interruption that is what chubb ceo was talking about Evan Greenberg should not have to pay for Business Interruption it wasnt agreed upon beforehand how do you see it. I think maria, this is going to be contentious a long time Business Interruption, also what the administration is trying to put in place now about liabilities, as employees come back to work, liability for suing the employer is going to be yet another chaotic periods of time lawyers chasing this like they are the current work disruption you just mentioned it is going to be chaotic. Right, and democrats do not want Liability Protection in this stimulus bill by the way, more on that coming up. Here . Nah. Here . Nope. Here. When the middle of nowhere. Is somewhere. The allnew chevy trailblazer. The lack of control whenover my business kai, made me a little intense. But now quickbooks helps me get paid, manage cash flow, and run payroll. And now im back on top. With koala kai. Save over 30 hours a month with intuit quickbooks. Now every bath fitter bathbath fis installed quickly, safely, and beautifully, with a lifetime warranty. Go from old to new. From worn to wow. 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Maria welcome back markets up this morning we are waiting on retail sales check oet fighters indicating gain 140 points this morning out of the gate nasdaq up 31, s p up 18, there is anticipation growing ahead of the Federal Reserve conclusion of the twoday meeting that happens 2 00 Interest Rates not expected to change a few minutes away from august retail Sales Numbers joining us stefanie pomboy great to see you welcome back how do you access economic backdrop as we await retail Sales Numbers. Great to see you as well maria i just, you know, i will be interested to see retail, chairman powell this afternoon, because i think the struggling for him right now is the fed has done yeomans work in terms of resuscitateing appetite for risk s p back to where it was prepandemic, same with junk spreads you know youve seen a surge in corporate debt issuance, 70 Investment Grade yearonyear last year wasnt exactly weak they done a tremendous job in reforms of rereas you say at a timeing the risk we have seen weak numbers in terms of total Consumer Spending despite, what was incredibly for lavish, are income transfer payments, associated with cares act so i think the fed is kind of in a little bit of a predicament exhausted tools other than rhetoric guiding Forward Guidance talking about average inflation target. So, but really, the baton passed fiscal policy i expect chair powell will point out no his press conference today. Maria i wonder if we get Forward Guidance are you expecting Forward Guidance or is it priced into market that were not going to hear much. I think i think basically everyone understands fed is staying here for a long, long time many years as Forward Guidance whether they Say Something specific they have already pretty much laid that out on the table rates arent moving higher any time, and many years. Right, stay right there weve got retail sales coming out about a minute your reaction when aig retail sales number his the tape well be right back with that breaking news. Tending hives of honeybees, and mentoring a teenager your life is just as unique. A Raymond James Financial Advisor gets to know you, your passions, and the way you help others. So you can live your life. Thats life well planned. Before money, people tools, cattle, grain, even shells represented value. Then currency came along. They made it out of copper, gold, silver, wampum. Soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. Thats why its time for Digital Currency and your investment in the grayscale funds. Go digital. Go grayscale. Introducing the new sleep number 360 smart bed. Now temperature balancing, so you can sleep better together. Can it help keep me asleep . Absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. Can it help with snoring . Ive never heard snoring. Exactly. No problem. And done. So you can really promise better sleep . Not promise. Prove. Save up to 1,000 on the new sleep number 360 smart bed and adjustable base. Plus, 0 interest for 24 months on all smart beds. Only for a limited time. Maria welcome back, good wednesday morning. Thanks for joining us. Im Maria Bartiromo. Wednesday, september 16, we are awaited breaking news right now on American Consumer, retail sales for august due out any moment economists expecting increase of 1 in the month of owing market higher going into this number, dow industrials right now up 138 points, nasdaq up 35 points, s p 500 right now up 18 points, this august retail sales number likely to conclude obviously, a lot of ecommerce lets get to Jackie Deangelis,. Good morning to you the numbers are under expectations, monthovermonth gain august. 6 expectation was for gain 1 , he ought 7 10 of a percent expecting. 9 numbers are very important they speak to the consumer basically accounts for twothirds of the economy, and so much of retail, fueled by people back out spending impacted by the pandemic. I will give you context reminded you in july that number was up 1. 2 this is roughly half of that back to you. Maria so all right that is good context jackie weve got a market has not moved much on number up 130 points still macro mavens president stefanie pomboy with us this is weakerthanexpected up 6 10 of a percent what does it say about consumer . How do you read this. I think it is keeping with what weve seen on part of the consumer again we had a huge increase in income, due to the cares act in fact, between february and july. So prepandemic, and through july you had a 1. 1 trilliondollar increase in income in other words indices 1. 1 trillion higher in july than they were before pandemic started. Yes, spending was down 700 billion, the up shot was consumers basically socked away 1. 8 trillion dollars in savings, at the same time, they were paying down Credit Card Debt a lot of people received those for lavish Unemployment Benefits used them to pay down Credit Card Debt in several weve seen credit cart debate balances decline by a hundred billion dollars impulse on part of the consumer right now pay o down sent save not spend he reinforced in numbers this is conundrum for chairmen powell and fiscal policymakers the fed has done everything it can do in terms of providing a credit lifeline to the economy getting Financial Markets stabilized we need demand picked up consumers are impulse to hunker down repair Balance Sheets this is the trick right now, do we get another wave of fiscal stimulus, you know, maybe consumers will save that as well. It is same issue maria we have been dealing with for so many years had led me to be so cautious on my for the economy in general, and , of course, profits in particular that consumers ever since Global Financial crisis have really been inclined to boost savings and repair Balance Sheets, and i dont think this pandemic experience has led them to change that inclination one iota. Is this, of course, savings rate has been going up, dow industrials loving some momentum, up still 104 points dagen how do you see it. Dagen as stefanie pointing out that 600 a as we speak expired end of july maybe a little bit of miss in retail sales is directly related to that, also with School Reopenings all over the map, people didnt go out and shop for backtoschool, a lot of children part time even fulltime doing Remote Learning or attending school at home that could also be part of the miss here. But, again, stefanie to reiterate what stephanie sadie repaired balancing sheetsing savings rate skying rocketed they have enough powder dry to get through next several months as we wait for vaccines. I think maria, dagen said it right, you know the first cares act the frustration that built up by being sequestered if you will locked down best way to get rid of that shopping made initial purchases supporting goods athletic events, here is the question if congress does pass this bill, and as you dagen both said a lot is going to savings, to kind of hunker down the thing is extended long, longer than anybody anticipated. What will generate the you are expert in this area. What does retailers what do hef to do to generate demand. I think that is when fed is trying to get at with increase in inflation expectations, you know by changing their inflation target, and giving that for guidance basically fed saying look you guys we are determined to get prices up, you better buy now he what is going to be more expensive tomorrow, and theyve failed miserably to communicate that to consumers in a way that consumers actually believe it feel that sense of urgency but i think that is what they are really trying to accomplish with this tweak of inflation targets hurry up this isnt japan prizes arent lower if you wait another month they are going to be higher you better apply the stuff you want today. Maria make a great point stefanie great to see you this morning come back soon thank you so much stefanie pomboy from from macro mavens. Hunters hunters business deals making headlines facing questions over partnering with foreign entities including china during his fathers time in office there is a new report, he teamed up with a Chinese Military supplier in 2015 to buy u. S. Based auto parts maker, joining me right now investigative journalist Fox News Contributor john solomon great to see you you have broken so much news i want to start with hunter biden thank you. Hunter biden his dealings hp how is it possible hunter biden could go on air force two with his father thenVice President , and joe biden to china, and meet with Chinese Companies and come back get a one and a half billion dollars infusion of capital from Chinese Company working with bank of china. That is more he goes out applies this company hen i goes in michigan facilities transfer a why is that significant avec makes most military aircraft for pla Peoples Liberation army five times not once not twice but five times sanctioned by United States for bad behavior before hunter biden transferred ownership in a sale to avec one year before the sale Obama Administration put one of the subsidiaries on a warning list engaging in more bad behavior. Despite that he Obamabiden Administration approved this hunter biden, another great business deal on scheme of fathers jet imagine if donald trump, jr. , had done same thing on headlines of every american paper for seven months straight. Maria incredible to me that he koesht america has not figured out right now the threat of that China Communist Party threat that exists working with ccp, Corporate America seems to want to sell widgets to a billion people not recognizing that these companies that china is using to make acquisition are tied to the Chinese Military they already have, a stronger military navy than the United States, what is your take in terms of how this happened . Youve got Vice President here taking trips relations with China Communist Party cassessmentp acquiring Important Companies do give data to work with its military who knows that that military will be working against the United States . So true, in fact, the very company we are talking about heniges now chinese have same that we have in 2015 this went through joe biden was saying china is not a threat expansion of china good for america the committee on Foreign Investment United States known as cfius take lead from guys in charge rubberstamped this allowed it to go fast forward to 2020, three months ago pentagon released list of most o dangerous Chinese Companies with military chinese pla in china,number one on list, so Trump Administration starting to highlight companies, but in era of he obamabiden clinton china got a pass how so many transactions transpired. Unbelievable i talk about china the delete in my moou book the cost, trump china and american revival you have been talking about foreign business dealings with biden family a long time weve got a new report out saying former Ukrainian Government official become being a fact witness in the investigation of hunter biden, is being dispare arjd on capitol hill this was a government a contactor ob administration tell us about that report. Remarkable senator wyden peters, trying to sanction ron johnson Chairman Senate Homeland Committee for having interviewed him pretending a russian threat the Obama Administration used him as a primary liaison to ukraine government in october white house in u. S. Embassy if kyiv asked for advice having coffee with aides close to joe biden before democrats were ginz this guy using on a daley basis left that out of the narrative i saw hundreds of pages of state department documents how important to Obama Administration run a johnson i suspect the story will die quickly once people see the truth. Lets talk john you durham for a moment interesting comments from haspel saying the Justice Department investigation into russia probe would be quote a nightmare for the cia, this is according to Bob Woodwards book we know that john brennan was leading the cia at the time of all the investigations o going on into Trump Campaign people. How liable is he for creating a narrative that did not exist that trump colluded with russia what is your take on gina haspels comments. I talked to cia officials a long time know exactly what fears are we may get to see those in the public very soon devin nunes in 2018 House Intelligence Committee chairman sent a secret referal to cia Inspector General that challenged cia spy craft during the Russia Collusion Investigation specifically, conclusion brennan made going outdoor russia was specifically trying to help trump win, and Hillary Clinton loss, i can tell you in that document, that classified document there is bad news for cia work and hints that maybe cia also had evidence russia was trying to hide helped Hillary Clinton they that i had from the american public. Maria we also know, that the office of net ais hesments paid out to potential Trap Campaign people Stefan Halper making huge amounts of money paid out by office of net assessments 411,000 dollars before the warrant to spy on carter page was secured. Was john brennan running that . I have a feeling fbi running that based on reporting wouldnt be surprised if cia sand halper had loft cocks as well, i think learning more next couple weeks i wouldnt be surprised if we saw release of new information illuminates with a with halper was doing, oma, handlers inside Law Enforcement u. S. Intelligence dedeclassification could be dodge quickly. Youve got to check out everybody just the news john solomon reporting thank you, sir. Thank you, maria. Coming up the passion of the starr joins me to talk about his new film you wont want to miss it. Back in a moment. Hey frank, our workers comp insurance is expiring, should we just renew it . Yeah, sure. Hey there, Small Business owner. Pie insurance here with some sweet advice to stop you from overpaying on workers comp. Try pie instead and save up to 30 . Thirty percent . Really . Get a quote in 3 minutes at easyaspie. Com. Wow, that is easy. So, need another reminder . No, no no, im good. Uh, yes please. Oh. Ho ho ho, yeah need workers comp insurance . Get a quote in 3 minutes at easyaspie. Com. C maria that was a look at new film infidelel, tells story of american journalist kidnapped by Iranian Regime over comments about faith his wife tries to use influence to bring him home she has to search for him on her own, jim joins me to talk more about it best known for rolls in jesus in passion of the christ thank you for being here this i can say fiction but expired by real events tell us about it. There is several events, are focused on three, character that i story i focused on was bob was kidnapped off persian gulf taken into iran, and he there was pictures showed up on him 2012, in tehran prison subsequently government denied holding him, intel other info on that. Jim where was this filmed . That is confidential, middle east. Oh okay. Okay. How important is religion in this film . Obviously, one of your best known role jesus christ, is there something about religionous films appeal to you once you do passion of the christ you kind of go off on another area screenplays that used to come to you no longer you start to having look at stuff that is that is , you know well quite relevant right now, you know, there is quite a bit persecution in United States not just iran you cant go to church right now i thought a good project to do. Yeah, that is pretty incredible actually you are right when you play jesus in 2004 role came out with controversy, right actors often advise stayed away from polarizing rolls you mentioned you cant go to church is it worse than ever . I have never seen it like this. You know. When we go in airplanes you see people right next to each other, flying airplanes go in restaurants go to work go to the you cant go to church, part of our inalienable rights, you know, cultural cans culture going on right now part is cancellation christianity. Look at script bible great prophets wrote stories, our forefathers gave us that opportunity whether or not we are going to stand and fight it is up to us, but patriots need to start , you know, this is a fight between good and evil here children in light children of darkness. That is when you mention the passion, this film this is a thriller this is a well done executed film, and extremely provocative not all things volunta provocative are evil, it was skutdz real well a great filmmaker soon we will be resurrection. Important projects that you are doing, we will stay tuned great to have you this morning jim thank you. Thank you, maria. As if con congrats to you, coming up neon cocktail making a buzz interesting twist you wont believe two companies behind this creation. Back in a minute. Here . Nah. Here . Nope. Here. When the middle of nowhere. Is somewhere. The allnew chevy trailblazer. You can go your own way go your own way your wireless. Your rules. Only Xfinity Mobile lets you choose shared data, unlimited or a mix of each. And switch anytime so you only pay for the data you need. Switch and save up to 400 a year on your wireless bill. With the carrier rated 1 in customer satisfaction. Call, click, or visit your local xfinity store today. Maria welcome back, time for morning buzz first up calling out chinas stranglehold on hollywood, director writer speaking out over chinese kren censorship. Instead of doing business with china, and that leading to china becoming more free what has happened place like china has with a bad our silence with their money. Finally somebody in hollywood admits the truth, disney mulan facing criticism for filming where uighur muslims said in concentration camped a million uighurs locked up dagen do you think they can change minds in hollywood so i am happy to hear refreshing honesty. John is one of the most Creative Minds of filmmakers the like coming out of hollywood literally in the last 30 years, or so, very important for him to stand up and speak about this. I will point out however, that tarantino refused to edit once upon a time in howl to allow it released in china he said absolutely not. Issue was scene with bruce lee i am not editing for chinese directors film studio stood behind him more of that, speak up for the atrocities committed by communist party in china. That is why ted cruz came out with script saying if you are will kowtow to China Communist Party you wont have access to military you want to show u. S. Military programs weaponry top gun they did changed ja changed jacket that he wore because it said tibet. Im making sandwiches on kings hawaiian bread yum kings hawaiian. An extra 15 credit on car and motorcycle policies . Thats great thats 15 on top of what geico could already save you. So what are you waiting for . John stamos to knit you a scarf . All finished, jean. Enjoy thank you. I give. The stitch work is impeccable. Its just a double fleck pattern with a reverse garter stitch. No big deal. Is your hair this soft . Softer. Geico. Save an extra 15 when you switch by october 7th. Thank you, good to see you, have a great day. Have a great day everybody i hope you can seize the day, Varney Company begins right now. Stuart good morning to you, good morning, everyone, the Biden Campaign has every reason to be worried about his performance, he went to florida tuesday, he did not do well, he played the song desposito on his phone when addressing histrionics, he tried a djokovic fell flat and he mentioned the harris biden administration, it did not go down well, you will see it all, meanwhile the president was celebrating a mideast diplomatic rate there since 1994 israel reached an agreement with arab states and