It is thursday, august 10. Your stop stories right now, 6 00 a. M. On the east coast. Inflation data on deck, the Consumer Price index is out this morning. Year over year expectations up 3. 3 . Futures right now indicating a gain at the start of trading, weve got full analysis from market experts and all star panel this morning. Markets are higher across the board. Dow up better than 185. Check out shares of disney this morning, the stock is higher despite reporting a mixed quarter for the second quarter. A loss in disney plus subscribers and rise in streaming prices. Disney shares among the more heavily trades this morning. Oil prices continue elevated, the price falling back from really recent highs lately. The price of oil now at 84, 24 on crude. European markets are in the green, take a look at the eurozone. Weve got a mixed story in london, down a fraction on the ft 100, the others higher by a fraction. In asia markets finished mostly higher. In washington the payoffs are piling up, the house gop identifying more than 20 million exchanging hands between the biden family and its associates and foreign oligarchs from kazhakstan and russia. President biden caught sniping at peter doocy as he denies knowing anything about the transactions with his sons Business Partners but what exactly were they paying for. James comer is here at 8 00 a. M. Eastern. Dont miss that. Joining the conversation, Strategic Wealth partners ceo, mark tepper, former new york congressman, lee zeldin and columnist tiana low disher. Mornings with maria is tiana lowe disher. Mornings with maria is live right now. Maria the House Oversight committee releasing new Biden Family Bank Records showing that the bidens took in at least 20 million from countries such as as russia, kazhakstan and ukraine. The gops memo showing a day after a kazhakstany businessman sent hunter biden more than 142,000 hunter bought a porsche for that exact same price. The records tracking a Russian Oligarchs 3. 5 million payment to a hunter biden, devon archer shell company, then Vice President joe biden had dinner with kazhakstany businessman and Russian Oligarch in 2014 and 2015. Joining us now, congressman dan meuser. Thank you for joining us. I want to talk about financing. When you get back from recess youre going to have to deal with the government running out of money but first lets talk about these new findings from the House Oversight committee. How do you see all this . Its pretty ugly. Its pretty clear that joe biden lied. Why did ellie . He knew the why did he lie . He knew the business that was taking place, he knew a lot about the business, he informed his son he was in the clear. In the clear for what, joe . Why were you lying . You must have known there were shady dealings take place and with the moscow mayor paying him 3 andahalf Million Dollars and to celebrate going to cafe milano. From the white house records, the bank records, the whole i get push back when i refer to the biden crime family. Hes got grandchildren, grown children, grown relatives receiving hundreds of thousands of dollars into their bank accounts. If anybody in my family got money into the bank account they would be asking the same questions. Maria its incredible they set up 20 Shell Companies while he was Vice President. Why set up all of those companies. Cafe milano situation, thats when joe biden as Vice President showed up with hunter biden at a meeting at cafe milano. Ive been told theres no evidence by other media channels. This is amazing news, the claim theres actual evidence. When you think about the meetings, bank records, documents, whats app messages, emails, whistleblowers, Business Partners, clients, theyre all sounding off right now, connecting all the dots and still on these other networks right now all they want to feed to their listeners is that theres absolutely no evidence of any of it. Maria thats a whole other scandal, the fact that these are the most serious allegations ever posed on a president and the Mainstream Media will not cover it. Thats a whole other issue. President biden snapped at fox news peter doocy this week when asked about his involvement in his sons business dealings. Watch this. Theres this testimony now where one of your sons former Business Associates is claiming that you were on speaker phone a lot with them talking business. Is that ive never talked business with anybody. I know youve got a lousy question. Why is that a lousy question . Because its not true. Maria lousy question, congressman. Why is it a lousy question for the media to actually be probing this story . Because theyre hoping that they will, the brand, the joe biden brand is access to the United States taxpayer dollars. They created that access. It wasnt an illusion. Dan armstrong stated that archer supposedly said it was an illusion. That was goldmans words. Maria dan goldman, yeah. It wasnt an illusion. It was being sold access. What was the result of the payments . There has to be some deliverables. We did see one with the prosecutor in the ukraine being fired. We all saw that. There were others. Thats what were going to find out in an impeachment inquiry. Impeachment inquiry. Maria when inquiry. Marjorie Taylor Greene said she doesnt feel like you have enough votes from the members to do the inquiry. Will this be a priority when you come back in september . We have a number of priorities, you alluded to a couple as far as Appropriations Bills and all. Thats important stuff. Absolutely, we can walk and investigate at the same time. So yes, im all for an impeachment inquiry. I think the vast majority of republican members will get on board because its an inquiry. Were the only ones doing it. Doj completely focused on helping the irs and a disclaiming whistleblowers. The republican majority is going to bring some accountability and do everything we can to get to the bottom of this for the American People so the American People understand whether or not their president is engaged in criminal activities. Payoffs. Maria and with all of this evidence that were seeing every day something new, what happens . They indict donald trump . Weve got newly released Court Documents revealing jack smith obtained a search warrant for data and records related to president trumps twitter accounts. Twitter, known as x, pushed bark, refusing to comply, refused for three days, asking if they could tell trumps legal team first but the court denied the request and fined the company 350,000 for the delay. Trump responded on truth social saying this, just found out that crooked joe bidens doj secretly attacked my twitter account, making it a point not to let me know about this major hit on my civil rights. My political opponent is going crazy, trying to infringe on my campaign for president. Is that what this is about . Byron donalds this weekend said to me they want to bleed trump dry of money so he cant actually do what needs to be done for a campaign. Is that how do you see that in terms of this coincidence that something happens in terms of evidence coming out on hunter biden, the next day, another attack on donald trump. I think its pretty obvious. The American People i think are waking up to it, theyre doing everything they can to suppress their o own malfeasance activits and trying to keep the biden family out of jail, meanwhile theyre completely focused on indicting their number one opponent in a political campaign. Thats Banana Republic stuff. American people have to understand, that is exactly whats happening and were going to investigate it. Were going to find out whats going on. And the proper resources have to be dedicated to whether or not the president has committed high crimes and miss misdemeanors and taken bribes. Maria tiana, did you want to add something . We know the Obama Administration internally warned biden that his son was running around ukraine, running around russia, taking bags of cash. Why didnt obama decide to take biden off of the ukraine mandate . Right . They were warned. They warned biden and hunter personally and yet he stayed on there. So im curious about the Obama Administrations complicity. Well, obama wasnt exactly a micro manager, clearly. He allowed a lot of this to take place and at the one point he said joe, i hope you know what youre doing, right. And he also said never leave it up to joe to im not quoting him right to foul things up and that prophecy came to fruition. Maria look, real quick on the end of september, government running out of money. Do you expect youll have a continuing resolution . Whats the plan . We need the problem solved. Kevin mccarthy is very good at that as you know. So as well as Steve Scalise and others. So we likely will not have or appropriations complete by september 30th. I would imagine a shortterm cr and then we run republican majority appropriations, allocations of the American Peoples dollars. Maria thats the power of the purse that you talk about so much. Congressman, good to see you this morning. Thanks so much. Dan meuser joining us, pennsylvania. Well be right back. Stay with us. Tourists tourists that turn into scientists. Tourist taking photos that are analyzed by ai. So researchers can help life underwater flourish. Let Innovation Refunds help with your erc tax refund so you can improve your business however you see fit. Rosie used part of her refund to build an outdoor patio. Clink dr. Marshall used part of his refund to give his practice a facelift. Emily used part of her refund to buy. I run a wax museum. Let Innovation Refunds help you get started on your erc tax refund. Stop waiting. Go to innovationrefunds. Com you really got the brows. upbeat music woah. Constant Contact delivers the Marketing Tools your Small Business needs to keep up, excel, and grow. Constant contact. Helping the small stand tall. Theres a lot more work to do. We have a plan. Bidenomics is just another way of saying restore the American Dream. Maria that was President Biden in new mexico, touting bidenomics but voters dont seem to agree with t president. A recent cnn poll finds half of the country has a negative view of the economy right now and think things are g getting wors. 63 of americans disapprove of bidens handling of the economy. Karine jeanpierre was confronted. Why literally fuse the president s name with the commission that americans arent very happy with . Well, heres the thing. Bidenomics is indeed working when you say you look at the data, you look at the cost cost is going down, when you think about inflation, you think about wages going up, that is bidenomics. Maria lee, what do you think, bidenomics . You flow why it works . You know why it works . Because the white house is telling us its working. For americans that want to see a policy that ramps up doughs mess particular energy production, secure our southern border, to provide tax relief, we dont want to see inflation going up faster than wage growth. We saw the supply chain crisis. The list goes on. If you go back to the moment they come in office, january of 2021, and you look at where we are today, a lot of americans are unhappy with how we get here and theyre directly tying it to specific policies that are bidenomics. Which Kamala Harris says is by the way two words. Bidenomics. They can lecture us as much as they want, insisting this is helping us but the economy is an issue that is as personal as it gets for the voter who is assessing it based off the impact on their own wallet so they dont want to be lectured to. They know this is not working for them. Maria i mean, the white house keeps talking about what bidenomics is but tiana, i would say bidenomics started with a massive spending, reckless spending, 6 trillion in spending and borrowing in the first two years and he still wants to keep spending money and putting stimulus in the economy because hes pushing this student loan bailout. Look, were slated to double our deficit in a time with no war, no recession, so they keep on saying and essentially full employment. What are we spending the money on . The American Rescue plan was an American Economic destructive plan. Prices are up 16 since Biden Took Office and real wages are down something north of 5 , the average american has lost 20 of their purchasing power. They are 20 poorer. This election is about the economy and donald trump can run on his economy, right, because wages increased, real Family Income increased by 6,400 for an average household. Under biden, they lost 4,000. Thats not including regulatory costs. Donald trump can win running on the economy because bidenomics has polled worse than any economy since jimmy carter. Maria people are really upset having to pay all this money for stuff. Inflation is a problem. I will point out that wages have begun to rise, last couple of months, and they are now outpacing the level of inflation. But overall when you look at wages under joe biden, theyre down on his watch. He mentioned restoring the American Dream. Okay. When i think of the American Dream i think about quality of life, i think about us as americans having the highest standard of living of any country in the world. But then you start to kind of go through home ownership. Thats something we pride ourselves on. Home ownership is the most unaffordable its ever been because of high Property Values and high mortgage rates. We talked about wages. We saw negative real wage growth for like 26 or 27 straight months. And then they say what about savings, everyone has more in savings. Thats not true either. For the bottom 16 of earners they have less in savings at justed for inflation today than they did prepandemic. Things are not going well unless you have smoke and mirrors clouding things up. Maria partly because theyre tapping into savings to pay for these things. And credit cards. Maria outsize in terms of price. And theyre tapping into retirement accounts. This is a challenge for most americans. Its very challenging. Were on an unsustainable path. Its easy for President Biden to take a victory lap, talking about adding jobs and things like that. When youre okay, deficit spending and stealing from future generations. Gen zers, Pay Attention to this. Maria take a break. When we come back, markets are expected to open higher this morning, futures indicating a gain at the start of trading. We have Major Economic data that could change or alter the situation with the july Consumer Price index out this morning at 8 30 a. M. Eastern. What investors are watching coming up. The dow is up 176, nasdaq up 90. Taking flight again, Virgin Galactic gears up for a second commercial space flight. A live report coming up right here. Stay with us. There are some things that go better. Together. Hey like your workplace benefits. And retirement savings. With voya, considering all your financial choices together. 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I mean, the headline number, the cpi number that has come down quite a t bit could pop up because of Higher Energy prices. Were looking at the core number. I think the important thing to look at is what will happen with the cpi core number coming out this number. The magic number is 4. 8 , if its 4. 8 or higher, the market will be surprised. If its below 4. 8 , i think its all systems go and i think the market will continue to rally the way weve seen it rally the last few months because as long as inflation is coming back down, the fed is more likely to be on hold for the next meeting. Maria mark, jump in here, this is also really informative for the federal reserve. Yeah. Without a doubt. And look, the cleveland fed actually is expecting 3. 4 for julys data which were getting today and then in august its expected to reaccelerate even further up to 4. 07 . So when you look at the relatively strong Economic Data weve been seeing over the course of the last few months and then you couple in the fact that inflation is accelerating, im concerned about those Money Managers or even investors at home who are betting on a fed rate cut at some point in the knee future. I dont near future. I dont see it coming, chris. What a do you think . I agree. The headline numbers that you referenced are likely to go higher. Thats something the fed will look at. As long as the core number is able to come back down i think theyll f they could stay on hold. I dont see any fed cuts this year. It may be a little while before they look at doing that. Theyre focused on inflation. Inflation is coming back down, if that core number is in the 4s, its way too high. They need to get it back to closer to 2 . The idea that the fed is going to cut any time time soon does m unlikely to us as well. Maria disney reported a 7. 4 decline in subscribers for disney plus. The stock is up this morning, up 1 andahalf percent. One area of growth was the parks business, parks experiences and products. Up 13 in revenue there, chris. How would assess the overall Earnings Period or disney in particular . I mean, earnings in general have done pretty well. Definitely less worse than expected, less worse than feared. Theres been notable misses, some Tech Companies have had not as good earnings as expected. For the most part earnings have done pretty well. Disney did well in parks, lost subscribers. The stock was trading back down when subscriber numbers were going lower. The stock turned around and was up in the after hours and is up this morning as well i think because of price increases. When you look what they did with streaming, kept ad supported tiers unchanged, those people that are price sensitive wont see changes but theyre raising the price for disney plus, espn plus, hulu plus. Theyll see prices go up as high as 27 . Theyre raising prices on people they think are less sensitive, more brand loyal. I think thats the reason why you saw the stock turn around, even though theyre losing subscribers which obviously is a negative. Maria how are you allocating capital globally. Weve been talking about the executive order that President Biden issued, he issued it on wednesday. It very narrowly targeted critical leading Edge Technologies with military, cyber capabilities, according to the wall street journal. Its reordering the flow of American Capital and expertise away from china. You would think. But hes been sitting on this executive order for some time its out. Chris, does it have teeth . I mean, chinas clearly the biggest problem we have right now economically, militarily, in terms of even just influence over the world and so we need to do more with china. We need to compete with them. We need to make sure they are not taking our technology and using it against us. So i understand the need to really try to regulate that but its a very difficult ballgame because clearly they could go to other countries and source that technology so were going to have to really thread the needle, its going to be very difficult. At the end of the day, its a technology raise. We want to have our Technology Companies ready to go and not being held back because ultimately i think no matter what we try to do, we try to eventually theyll get their hands on the technology they want. We need to make sure we support our Tech Companies and make sure were first in the world in what were do doing what were do, the leading edge. Maria this targets investments in Chinese Companies. China can talk about going anywhere they want all the time. Most people want deep liquidity of american markets. Thats why its so important to put some limitations there, chris. Its good to see you this morning. Thanks very much. Thank you. Maria were going to take a break. 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Spend smart on a beautiful new bath done right, backed by a lifetime warranty. Join over 2 million happy customers who know it just fits. Bath fitter. Visit bathfitter. Com to book your free consultation. Maria welcome back. Devastation on the Hawaiian Island of maui after a deadly wildfire burns up a historic coastal town. Cheryl casone with details. Officials confirm at least 36 people are dead with flames ripping through the island of maui, wildfires ripped up by hurricane winds, leaving the sky covered in black smoke. 271 structures confirmed destroyed so far. The Historic Town of lahina turned to dust with thousands forced to evacuate as the tourist hot spot was burned to the ground. Youre looking at before and after pictures of lahina. Its gone. Its gone. More than 11,000 people flew off the island yesterday. If anybody is still out here, the fires on front street. Its time to go. If anybody is still here. The fire is on front street. It is time to go. If anybody is still here, the fire is on front street. Its time to go. Cheryl several u. S. Military helicopters have been deployed to the state so far, about 150,000 gallons of water has been dumped on maui county. Hawaiian officials want President Biden to declare a state of emergency. This is not a safe place to be, certain parts of maui we have shelters that are overrun, we have resources that are being taxed. We are doing whatever we can. The state is providing whatever support that we can to give support to both maui and to the big island. Cheryl thats hawaiis lieutenant governor. The death toll is expected to rise. Well, fbi agents killing a man who allegedly made threats against President Biden on social media ahead of the president s visit to Salt Lake City. Law enforcement sources telling fox news Craig Robertson was killed as agents attempted to serve an arrest and search warrant at his home. Here is what he wrote. I hear biden is coming to utah, digging out my old gilli suit, cleaning off the dust of my sniper rifle. The president arrived in Salt Lake City on wednesday. Lawyers for gigo beach hewerman was allegedly found discarding a pizza box before he was arrested. Lab testing linked dna from the box to a murder victim. The judge granted the prosecution request to give a sample. A blockbuster deal in the fashion industry, the owner of coach pap i tap indesty is in ty c apri. The deal an effort to take on the european consistent graham f gucci. We think well get an announcement this morning on this deal. Theyre trying to take on the europeans in this. Maria well be watching that. President biden signing an executive order, narrowly limiting u. S. Investments in china, this is supposed to start next year. The order bans new private equity Venture Capital and joint Venture Investments in chips, quantum computing and certain a. I. Companies. It also requires americans doing business in china to report direct investments in those sectors to the u. S. Government. China saying this morning that it is, quote, gravely concerned about the order and that it reserves the right to respond. Joining me is Atlas Organization founder and author of the decisive decade, john taken dt ward. Its great jonathan dt ward. You write about the threat, particularly the Capital Markets threat, the fact that investors are able to buy Chinese Companies that are listed here in so many indexes and etfs and in fact are able to fund the expansion of communist china. What is your reaction to this executive order . Hi, maria. Well, its important. Its a very well written executive order. It actually declares National Emergency to deal with this threat, the threat being advancements in military technology and technology thats relevant to cyber capabilities, surveillance and the chais niece military itself. Chinese military itself. It sets a ground work for something that could go broader and become a bed rock of u. S. Strategy and policy towards china. So thats good. On the other hand, its narrowly targeted, a. I. , o quantum, semiconductors, it shows Biden Administration has a technology strategy. I wouldnt call it a Capital Markets strategy. Its not the same of what representative gallagher said. The pensions are pouring capital into china. That will probably continue through other investment vehicles. This is starting to i think take the broader Administration Technology strategy and add a capital a markets dimension to it which means 23 we can slow them down in key technologies, if were able to secure our supply chains, main a contain technological advantage, make sure that remains a military advantage for us, thats good for the United States but we still have a much larger, much broader economic and military competition with china that we have to win and that will take bigger actions. Maria well, i mean, look, this is very narrow. Thats right. And it is also targeting new investment. So theres so much investment right now in these sectors and these are longterm contracts. If youve got Companies UsingChinese Technology or having Chinese Companies have access to American Technology in a. I. Or quantum, thats already going on. That technology is already embedded. So theyre not blocking that, whats already didnt theyre talk whats already done. Theyre talk about new money. It sure is real narrow. You want business to respond and investors to respond as well. To win the contest with china its not only about government directives but corporate and Investment Decision making where we realize well have bifurcation of u. S. And chinese economies, starting with technology. If investors and businesses are starting to see the writing on the wall and realize this is an adversary state, ukraine helped businesses see what that means but to really get what the ccp is planning for conflict in the pacific and why would you invest in that so i think hopefully business Decision Making coupled with the fact that youre having very clear executive orders at this point, i mean, this one really is i think a clear signal to the Business Community as well. Hopefully well start to pull back. We have seen Venture Capital and investment fall off substantially this year so thats all good. Its not the same as whats being poured in through passive investment vehicles such as. Such as esfs and the rest of it. I think we are seeing changes in direct investment. Doesnt mean that companies are abandoning the china market. I think theyre starting to see some of the risks. Theyre still prioritizing the china market. Thats a separate category where corporate Decision Making i think needs to take a much bigger look here and realize that at the end of the day were going to have to do some level of strategic decoupling, bifurcation, were going to have to work on the Global Economy so were holding these guys back and making sure they dont surpass us in key sectors and technology is one very important one but there are many others as well. Maria yeah, i moon, you mentioned the i mean, you mentioned the congressional investigation into msci and blackrock. Tell us why you think thats important. I should also point out that china is not sitting back, accepting this. China announced they will require all mobile app providers in the country to file business details with the government, jonathan. This is no surprise. They have to report everything to the government. Companies are not Free Companies to do what they want as in other nations. Theres a list of new laws that the Chinese Government has come out with over the last few years since they marched into hong kong and whether youre an international or a domestic company, you will report back to the ccp. Well, sure, i mean, theyre going to make it much more inhospitable to do business. This is the nature of their strategy. The real central contradiction of the chinese strategy is they want a way to dominate the Global Economy, also to prepare for conflict and exert the kind of control that is i think the natural tendency of this regime so whether its the raids on different Due Diligence firms to others or this particular initiative for them with it which asks businesses in the app store to register what seems to be basic information, the address, basic information but the effect that is anticipated is its going to limit the number of apps in the app store in china, many western apps are banned in china outright but theres been by definite a difference in bifurcation in Technology Sectors anyway if you see how our Tech Companies are not able to operate in china or how theyre directly defeated. You take the didi uber examples or alibaba back in the day. Thats always been there. The level of control is going to spill over into Foreign Countries that have anything to do with it. All of that, where were really going i think is towards this bifurcation. Thats very important. Bifurcation i think puts us in a position to win a geopolitical competition. Fundamentally this is a contest for power, not just economics, not just technology, its military, diplomatic, ideological but in order to win it were going to have to win an economic contest. That would set us up to win the broader geo politics. Were starting to see signs of how this goes. Maria i wonder how strong the chinese economy is anyway, sliding into deflationary territory, Consumer Price index down three tenths of a percent in july compared to the month earlier. The journal is writing about is this morning, saying the danger is if the expectation of falling prices become entrenched it could further stop demand, exacerbate debt burdens and lock the economy into a trap that would be hard to escape using stimulus measures chinese policy makers have traditionally turned to. Tiana, i wanted to mention the story, its within of the most important stories in the journal, china deflation deepens global risk. If chinas economy worsens from here, that impacts the whole world. Absolutely. Were seeing a Younger Generation is unemployed, they cant afford home ownership, this is why about a year ago there was that everbrand bubble. How much did that portend what is to come . Will china have a demand problem because these Young Chinese folks cant work, they arent able its a 30 Unemployment Rate for the youngest Chinese Labor force. Maria jonathan. Yeah, sure. It reminds us how dependent the economy is on external demand. Exports is up 20 for the chinese economy. The macro factors are starting to come into play, the housing market, unaffordability of housing, youth unemployment that was mentioned. But it also i think if we see this softening, if we see deflation and that starts to impact wh Business Investment in china, they have price wars there, there isnt enough consumer demand in the economy, they still depend on the outside world and a that feeds back into what i think would be a powerful strategy of economic containment. If were able to reduce imports from this country and diversify it other places, you really start to slow down their growth and you really start to put them behind us. Maria real quick, before you go. The ccp said that it reserves the right to respond to joe bidens executive order. What would they do . Oh, they will. They will. Theyre going to go after our companies in their market. Thats the card theyre always going to play. And our Business Executives need to realize like that was always coming. Its time to change course. Maria jonathan, good to see you. Thanks so much. Quick break and then ready for takeoff again, fox business kelly ogrady is live from space port america in new mexico this morning, with a preview of Virgin Galactics special commercial space flight. Kelly. Reporter were looking to make History Today with the first Space Tourism flight from Virgin Galactic. The space ship that you see behind me will go up into space in a few hours hopefully. Coming up after the break ill tell you who is flying, how much they paid and what theyre going to experience. Dont go away. Let Innovation Refunds help with your erc tax refund so you can improve your business however you see fit. Rosie used part of her refund to build an outdoor patio. Clink dr. Marshall used part of his refund to give his practice a facelift. Emily used part of her refund to buy. I run a wax museum. Let Innovation Refunds help you get started on your erc tax refund. Stop waiting. Go to innovationrefunds. Com you really got the brows. Your record label is taking off. But so is your sound engineer. You need to hire. I need indeed. Indeed you do. Indeed instant match instantly delivers quality candidates matching your job description. Visit indeed. Com hire goli, taste your goals. Maria welcome back. Time for the morning buzz. Virgin galactic set to make history this morning with the First Private Mission to space. Kelly ogrady is live this morning in space port america in new mexico. Reporter good morning. Weve got a private passenger list of three going up as well as a crew of three. Going forward, they are planning to run the flights monthly. Weve got the first majority fee nail space flight going up, weve got the first mother daughter due whoa, they won particular duo and weve got the first olympian, jon goodwin. He bought his ticket for 250,000. Hes been diagnosed with parkinsons but is still making the journey at 80 years old today. What makes this Program Unique is the ship. Were not launching a vertical rocket. It is attached to a mother ship, basically two planes fused together and its going to take off on a runway like a regular plane, makes it easier to wrap your head around as a potential passenger. I got to sit in a Flight Simulator yesterday. The passengers are looking at 90 minutes in the air in total. It will take about 45 to 60 to climb to 45,000 feet and thats when the real fun starts. The mother ship will break off and within the span of a minute the vessel breaks the sound barrier and reaches space. The passengers will experience three to five minutes of weightlessness before they descend back to earth. Youre probably thinking nearly 250,000, half a million, probably not a big market. Virgin galactic told us their revenue play will be about Research Flights going forward. Takes off at 10 30 eastern as long as the weather cooperates. Back to you. Maria kelly, thank you. Mark, you made the point, how much a minute . Over 100,000 per weightless minute. Its super cool, super expensive. How bad does it make mayor pete look, its easier to fly to outer space than it is to go from cleveland to new york. Maria what do you sunshine. Person what do you think . Personally, i wont be on that list, sign urge up for the future. I hope it goes safely for plenty of people who dreamed of one day being an astronaut. If you have the means, whether now or 10 years in the future, the ability to in 2023 to go into outer space is super cool. Mother daughter duo, i hope they have an amazing trip. Maria American Innovation is amacing. God bless capitalism. This is private sector. Its not nasa thats doing this. Its cool to see how deregulated were able to do this on a commercial level. I would much rather go up into space than go down to the titanic. We understand space. We do not understand deep sea. Thats a wild thing. Maria yeah. I jumped out of planes in the military. Nice. Theres a certain elevation that i kn feel comfortable gettg up to, even pushing me out. What theyre doing to go up into outer space is just by the way, disney, epcot, they have Mission Space ride. Even that was too much for me. [laughter] but for those who are about to have their dream fulfilled, hopefully this morning, i wish them a safe trip and for everyone who is following yes, American Innovation and capitalism at its best, love it. Maria it sure is. Well follow that live and of course its expected to take off at 10 30 this morning. Quick break and then President Biden slams peter doocy and his question about being on the phone with hunter Business Associates. Thats our hot topic of the hour, next. Stay with us. I know id go back to you. Id go back to you. The biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. It still does. What can you do with spy . What if buildings could tell you how they could be more efficient . Im listening. Well, with ibm, you can use software to help you connect and analyze data from hvacs to elevators to lights. What if we use aidriven insights to pinpoint inefficiency . Yep. And act on it. Saving energy, money. And emissions. Yup. Thats a big one. Now youve built Something Better for everyone. Thats the sustainability solution ibm and a Global Real Estate company created. What will you create . Ibm. Lets create. Maria good thursday morning, everybody. Thanks very much for joining us this morning. Im maria bartiromo, it is thursday, august 10, just 7 00 a. M. On the east coast. President biden snapping at fox news peter doocy when asked about this involvement in his son hunters business transactions. Watch. Theres this testimony now where one of your sons former Business Associates is claiming that you were on speaker phone a lot with them, talking business. Is that i never talked business with anybody. Im not going to answer the lousy question. Why is that a lousy question . Because its not true. Maria this as the House Oversight committee released new Biden Family Bank Records yesterday that showed that the bidens took in a