Welcome back. Good thursday morning. Thanks very much for joining us this morning. I am maria bartiromo, thursday, august 17, 8 00 a. M. On the button on the east coast hot topic of the hour President Biden democrats celebrating socalled Inflation Reduction Act yesterday at the white house touting Green Energy Push and bidenomics. Mr. President , this is your day. This is your day mr. President introduced the first climate bill in the senate 1986, before i was in congress [laughter] this was amazing effort, to pass one of the great legislative feats of the 20th century 21st century probably 20th too. Financial times in the wall street journal, called my plan bidenomics, i am not sure they meant. Guess what it is working. A a poll Shows Majority americans disagree, 58 say they disapprove of biden handling, 36 americans approve of it mark weve been talking about so he bidenomics last two years what have we got the. A big zero everything that is happening as far as like real wages are below today where we were prepandemic, real savings adjusted for inflation on the bottom 60 earners less in savings today than before the pandemic, before biden took office, and for all of those halfway decent positive Economic Data pretty crystal cooler were getting to where we need to be fueled by debt cards debt hit a trillion dollars maria that is right. A robbing future generations to Economic Growth stock market returns. Maria you pay for that agenda about wants to do so with higher taxes battling Kevin Mccarthy for months, mccarthy wanted more revenue, coming, and he said we want revenue but we want revenue from higher taxes, it was joe biden wanted the revenue. Kevin mccarthy wanted to stop spending or slow it down even joe biden admitted the socalled Inflation Reduction Act does not reduce inflation at all. Here is white house Senior Adviser john podesta yesterday. To stop disasters from getting even worse we have to cut Carbon Pollution driving Climate Crisis what Inflation Reduction Act is all about, it makes largest investment in Clean Energy Climate action in the world, Touching Every sector, power, transportation, buildings, industry, agriculture forestry said should not have named the bill inflation reduction it has less with inflation alternatives that generational Economic Growth aka Climate Change agenda. I have to say ] whispering] i had to when ister in lieu of joe biden ridiculousness. We talk different types of measures into place people just want to see their money, staying in pockets, going to places it should be, on average american households spending 709 dollars more per month like you talked about wages going up with that, seeing more spending at the groceries higher prices gas pump talked Credit Card Debt hitting a trillion dollars Interest Rates going up taxes going up people dont want to spend all money, buying new appliances for their home ranging from washer drier to ovens microwavers electric vehicles this isnt things they want to put money into dont want to spend helping fuel migrant crisisor like i said before in previous hour paying for men to get uterus transplants the American Medical Association trying to get taxpayer funded dollars towards ridiculous surgeries. Maria kra outrageous i was talking with Majorie Taylor greene the other day said given record heat in texas people are using airconditioners more the coolant in your airconditioner, that in 2020 cost 45 dollars for 20 pounds of that refrigerant cool abt today that 20 pounds, 270 bucks, so hot out put a. C. On costing you because of Climate Change agenda. Biden is completely out of touch with reality to claim bidenomics working 58 of public say no, it is not it is ridiculous, audacity to claim that the one traditionaled Credit Card Debt for the very first time in the history, withdrawals from 401 k s up 36 from last year people maxing out credit cards gas prices up 62 home prices up 11 reality hardworking americans deal with on daily basis for joe biden to stand up there say this is working is an insult. Maybe to forgive that debt. Of course, he does one thing he keeps saying in regards to bidenomics he is growing this from to bottomup or middle out i forget how saying it but it is the only people that are better off are the top 40 of income earners not growing from bottomup not working at all he continues to take victory lapse give himself attaboys, when no reason for him to be accepting credit for that i tell you what we will know when we are in recession when he starts blaming everything on trumponomics. How ironic temperaturing everybody pay fair share who didnt just pay their fair share . Hunter biden. So a. Quickly i joke a gen z influencers you politicians focusing on issues they think gen z population wants the economy is biggest concern are in. Maria as everybodys exactly stay with us weve got a lot more coming up on the other side of this break. New projects means new project managers. You need to hire. I need indeed. Indeed you do. When you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. Visit indeed. Com hire and get started today. Providing for your family is a top priority. But what happens when you need Affordable Health care . Christian Health Care Ministries could save you up to 40 today. As a member, you can choose your provider without network restrictions. Sign up at your convenience with our anytime enrollment. Join a Christian Community that supports each others medical expenses, offering peace of mind as you prioritize whats most important. Enroll now at your chm dot org ah, these bills are crazy. She has no idea shes sitting on a goldmine. Well she doesnt know that if she owns a Life Insurance policy of 100,000 or more she can sell all or part of it to coventry for cash. Even a term policy. Even a term policy . Even a term policy find out if youre sitting on a goldmine. Call Coventry Direct today at the number on your screen, or visit coventrydirect. Com. Welcome back fullerton County District attorney fani willis requesting march 4 trial date for President Trump 18 other defendants in 2020 election case that date is just one day before what is called super tuesday the busiest day in republican president ial nomination process jack smith is proposing, trumps trial, to be on january 6, that should start in january, 2 of next year before iowa caucus month before nevada South Carolina primaries joining me Nicole Parker great to see you things very much for being here this morning. Thank you so much for having me. We talk all the time your story you left fbi you were special agent saw wind shifting at the fbi whats your thoughts on fbi role in stopping trump . You know, this is a country where we are supposed to have law and order based on fabs fot political persuasion i think we are seeing criminal Justice System weaponized, very strong, aggressive, investigation to those certain political views republican conservative side on opposite end almost get a pass almost a turn blind eye, thank you to whistleblowers from irs and fbi, these are noble brave courageous fbi agents speaking the truth upholding oath to the execution letting American Public know what is actually happening. Maria yeah. The fullerton county clerk of Courts Office admitting to posting Trump Indictment on line hours before a garage actually voted to indict him watch this. I do the work in the system, and, when went it wasnt official document, it wasnt official charges it was a work sample. It was fictitious wasnt real we want to be transient. Calling it fictitious charges same as actual indictment thoughts. That is semantics nothing fictitious about it the same thing other than it didnt have stamps and seals on it to say i did that in error i appreciate honesty but you so eager, to get that posted, you know i wish that all my investigations, that i conducted while fbi agent as aggressive, getting things do even i thought interesting this is a d. A. Not the doj, fbi but seeing it across all criminal Justice Systems they have 11 30 press conference on monday evening what was necessity of that the fact so important that this information was ready to be posted immediately, i know you want to go back to motive to think youve got court of Public Opinion in this country because this is an election that is at stake right now, once in a lifetime when i run cases i want criminal proceedings should be it doesnt seem the case in this instance. A new fox news polls find nearly 40 voters believe Joe Biden Joe biden did something illegal to business details 34 said he did nothing he seriously wrong another says 50 voters say hunter biden did something illegal to foreign business deals, 13 from february, kaylee jump in here the contact is weve got four indictments on President Trump, in the middle of all of this information from the House Oversight committee where we are looking at bank records, that indicate millions of dollars, that joe biden and family took in, to 20 shell companies. Deliberate slowwalking of hunter biden investigation, that has tan years to put together fani willis can ask for six month expedited trial of president give me break, one of the interesting things fani willis said in press conference on monday she refused to answer a question about whether working directly with special counsel jack smith raringed his indictment of former president considering two cases very, very similar in what they are zmoorjdz do you thing there is cooperation between those two offices are if so what is the significance of that. A very important question i was watching that as welling in press conference, look. The answer is no, no i would not then you say no the fact you dont answer is very indicative fbi agent help people answer questions i think also, you know, this this d. A. , and special counsel to say there was no coordination what are chances that there is across the board in all four indictments come one after another four month time frame i can tell you former fbi agent i have charged cases federally in district of florida same defendant in another local jurdz i reached out out of republican to not tip on toe to say say no coordination, in my opinion, i am not buying it the timeliness the prosecution asking for speedy trial a speedy trial ice defendants right as former fbi agent never asking for speedy trial that is defendant right i wanted as much time as possible to prepare for prosecution, yet they are asking lets get this done as soon as possible, because an election coming up my personal opinion, i am tell you you not going to happen this is a voluntary luminous discovery multiple motions filed merndz are smart see this. Why would the d. A. Office and special counsel are all pushing for a speedy trial that is basically unheard of. Maria that is a great point, especially since that is supposed to be what defendant would ask for, nicole lets get back to that point you just made about how voluntary luminous how donning would you xech trying to play out motions, discovery process that is going to come, depositions, et cetera. Can you even consider that you are going to see four trials with all of that within the scope of the year . Before the president ial election . My personal opinion, absolutely not. Let me explain in federal system no depositions, in local and state systems there are depositions, that is 19 defendants that is a lot of defendants my personal opinion that they are trying to get those defendants onboard, as many as they can to force on others expensive legal charges individuals have to pay excessive legal fees you could find a plea agreement lower fees are they cannot afford to be drained with legal fees, the motions multiple cases at once i mean, that would not i just dont see that happening, realistically. Former congressman Byron Donalds said similar to me on the show said the whole strategy here is to bleed trump dry. Of money. So that he is unable to have a competitive stance in this election. Nicole great to get your take on all of this thanks so much. Thank you Nicole Parker joining us quick break how markets are moving after july fed minutes raised red flag on inflation again, ed yardeni is here with his take on the economy and markets, next. You cant buy great conversations or moments that matter, but you can invest in them. At t. Rowe price our strategic investing approach can help you build the future you imagine. T. Rowe price, invest with confidence. So, youve got the power of xfinity at home. Now take it outside with Xfinity Mobile. Like speed . Its the Fastest Mobile Service around. With the best price for two lines of unlimited. Only 30 bucks a line per month. Thats hundreds in savings a year when you wave bye to the other guys. No wonder Xfinity Mobile is one of the Fastest Growing mobile services. You really shouldnt walk out the front door without it. Switch today at xfinitymobile. Com futures gain start of trading this morning dow industrials up 9 nasdaq up 47 s p higher by 10 Federal Reserve released july minutes yesterday, said inflationary risks could be because for further tightening, a majority of members also said that they see upside, to all of this economic pressure. All of that out of the minutes pushed the tenyear treeshz yield to highest he level in 15 years take a look at 10year below 4. 3 , we havent seen that since 2008 join me right now Yardeni Research president ed yardeni thanks very much, your reaction to the back of higher rates . Well, i think there is a danger here if fed keeps talking about he raising Interest Rates, fed remains hawkish, that beyond yields will continue to go up, if they go up thats capital losses, for bondholders, i think the big concern not just the banks portfolios of bonds, but just as important portfolio examine commercial reloans could face more defaults. Oil prices up this morning watching china embattled economy against expectations of tighter supply in the United States you say China Economic payne is a gain for the United States people dont realize how weak that economy is, and the pressures facing china right now can you walk us through it . Right. Look. Treasury focuses on United States should be looking at Global Economy i think should be acknowledging inflation has come down rather dramatically, may very well continue to o moderate one of the reasons inflation has come down is because china is basically in a recession. They have had a huge property bubble that burst. Not 2 first time in global history that weve seen, people put too much speculation into real estate, only to see that blow up. Then take the economy down, that is basically what is happening in china. And as a result china experiencing deflation cpi down, not much but down 0. 3 , ppi Producer Price index is down over 4 . And export prices to the United States are down, so, we may very well be able to get a disinflationary environment without a recession. Thanks partly thanks to china maria interesting that you say this because a lot of fed officials economists, not singing your tune xhie. Polled by reuters began boosting odds after first rate hike march last year rose as high as 65 last fall but coming down, you told us back on this program, in march that, we were already in a recession. Watch in. Right. We actually have been in recession since the beginning of next year i just call it a rolling recession, early last year Mortgage Rates soared signing Family Housing into a severe of recession home prices have not come down much at all because there is a real shortage of housing out there, they are buying binge ended last year weve had a recession retailing similar production of goods next yes, sir recession rolls into commercial real estate, and that is not just Interest Rates it is also Office Buildings that are being vacated because people arent renewing leases. Back in march do you still think we are in a rolling recession . No this actually a few months ago i said lets now talk about a rolling recovery. Maria are okay. I think goods economy starting to recover in retail sales Housing Market has been remarkable, Housing Starts picked up, last month. So i think we are actually starting to see the signs rolling recover the atlanta fed tracking Second Quarter real gdp at over 5 . He amazing mark tepper. Mark i want your take onus consumer on one hand there has been positive data, whether retail sales or tjmaxx walmart shows consumer is resilient look at flip side you see consumer surpassed a trillion dollars in Credit Card Debt using buy now pay later loans to apply he groceries stein lon payments he online in october what is your take on state of the u. S. Consumer right now. I think you are absolutely right in terms of recognizing that theres lots of consumers experiencing different he experiences with their financial conditions, some are doing extremely well some not so well, and just to make ends meet may be borrowing you put it all together in terms of macroeconomic situation consumer is continuing to lead this economy towards Economic Growth one of the reasons we havent had an economy wide recession even when we had this recession, this rolling recession, in goods, they were the main reason for that is they pivoted to services. So weve seen a boom in the service economy. Now they are still traveling now maybe coming back to the store so all in all, he consumers you know leading the way here to an economy that continues to be resilient. Maria you know it is interesting, because there is also a component to the stock market rally right ed . Alan greenspan talked about wealth effect talking about nasdaq up 30 , yeartodate, the s p a nasdaq, also the nasdaq up 30 yeartodate the dow and s p higher, what doesnt that also impact confidence . Absolutely does. And, maria, as you know, over the past year beginning last year talk about imminently economy ride recession unemployment going up scared a lot of people, now, as you said, the consensus turned not to not having recession soon that helps confidence why markets have done so well. Maria always a pleasure to see you. Thanks very much ed yardeni joining us. Well be right back. Stay with us. Life after student debt is within reach. Refi at sofi. Com you could save thousands and get to your goals faster. Sofi. Get your money right. Limu emu doug what do we always say, son . Liberty mutual customizes your car insurance. So you only pay for what you need. Thats my boy. Now you get out there, and you make us proud, huh . Bye, uncle limu. 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With jabra enhance select, you can get the same advanced Hearing Aid Technology and professional care you expect from a clinic at a fraction of the cost. For a limited time, get 300 off select hearing aid models. Visit jabraenhance. Com. He snores like an angry rhino. Youve never heard an angry rhino. Baby i hear one every night. Every night. Okay. Ill work on that. Save 50 on the sleep Number Limited Edition smart bed. Plus, free Home Delivery when you add a base. Shop now only at sleep number. Maria welcome back now look at the top stories watching this morning, new york Governor Hochul a scathing critique of new york city handling of migrant crisis 12page letter slams eric adamss efforts to house Illegal Migrants claims city not accepted state offer for help writes should do more to enact proactive collaboratetive marn with the state, 100,000 Illegal Migrants have crossed through new york city the past year. Meanwhile, alec baldwin could be charged for Fatal Shooting of hutchins, analysis reportedly shows colt 45 used finallying rust had trigger pulled or deprevioused to fire the fatal shot baldwin repeatedly denied ever pulling the trigger Involuntary Manslaughter charges against baldwin dropped in april an analysis was odded baldwin was warned he could still face charges. A bottle of wine in napa valley 17 dollars more expensive than last year the average price to 108 dollars a bottle fate ofing tees to California Wine country up 35 , experts say Wine Industry taking a hit postpandemic, as people under 60 do not buy as much wine as older audiences. Meanwhile, on to real estate july Housing Starts increasing more than expected yesterday despite 30year fixed Mortgage Rate topping 7 last week join me to talk a about all things real estate Corcoran Group president ceo pamela, great to see you welcome back. Thanks, access the Current Health of the Housing Market for us what trends are you he seeing in real estate . Pam is frozen, as you can see, we are looking at trends, in real estate she is back with us sorry, initially your shot froze we didnt hear first thing you said . Not a good connection, we are going to wait on pam, leader in the industry we want to hear her thoughts what is a happening in real estate this morning are you wuth us . I am. Can you hear me. Go ahead we need better wifi, the stats impressive i think we have to say there is an innovate strategy undertaken part of the reason more excitement there they have so much profit in the boom times able to do rolling of prices, and buying down Interest Rates has really helped people when they come to the table, agency i know the affordability were seeing is painful, and that is all over, all over the country for the most part everyone thought prices would come down because of the lack of inventory, prices have stayed quite high. So, having more, homebuilding going on i think is really, really important some is better than you know others other parts of the country are not as exciting, i know we like to talk manhattan much more expensive buying a home out of reach for so many people as prices soared i want your take on rates, because with Mortgage Rates at 7. 1 have you seen people walk away from opportunities because they revised Monthly Payments are more than they thought they would be. Absolutely, maria. Definitely walking away those on cusp, unfortunately affects younger firsttime home buyers people trying to trade in, to a larger home really stuck because one, cant afford it or two, just cant leave a house with 3 or 4 Mortgage Rate to trade into 7 rate pricing is not where they expect it to be, so you dont get the benefit of okay Interest Rates are higher, but prices are so much lower then what happens you go to rent an apartment you see that rents are alltime highs, a tough time out there for some buyers, all cash. I said good to be all cash buyer. Are you seeing a lot of all cash buyers . Is that foreign or u. S. You people with all cash . Great question, so many domestic buyers seeing here across the country with tackle relocations we have talked about but first time this summer quite a bit increase in foreign buying we havent seen in a while primarily from china, so that is that is a good thing for us the condo market needs that influx, of foreigner buyers to help sell all inventory that we do have now. Maria that is what i heard recently, that chinese buyers want to buy property with all cash. And they are doing it. They are doing it doing it a lot interesting they do it on low end of the market which is depending where manhattan one bedrooms under two million dollars, upper highend luxury market above 25 million, 50 million we see quite a few chinese buyers i think great for the market especially when it is coupled with one of them bit of domestic buying a nice mix that we see. U. S. Homebuilder sentiment unexpectedly deadlined in august first time thisyear high Mortgage Rates scaring some potential buyers as you mentioned pam. Walk us through the country where do you see much of the action, where do you see the areas that are under pressure right now . Because you know there is still a lot of worry about commercial real estate pam, those loans coming due. Well that is a whole different topic, that is a lot of worry, as things trade up, rents are not going to cover, and we see so many things going on the watch list in fall a topic you will be talking about for many, many month to come also scary is to under supply in new york city without tax incentives werent nude out with mortgage financing hard to build rentals we talk about needing more Affordable Housing on the other hand nobody is doing thinking to help make it happen new york city is a tough spot for multifamily, i think places, in the west may be have over building going on, it will be interesting to see what happens, even the really, really exciting markets that did so well during covid like florida, have cooled off somewhat. Place by place. Maria were seeing tighter credit environment as well, gotten tougher to get a loan how do you see that impacting the market right now, familiar . How would you assess the credit environment today . I think extremely difficult, if you just talked about typically homebuyer of you to have really good discredit scores solid job money in the bank going back, to you have to have money already, before you can stench in there and buy so interesting to see when gen zs millennials reaching homebuyer age what they can do how bank will may be be creative working with this new set of buyers, then also helping buyers with properties trade up some big banks offering buydowns not buydowns but if rates drop will mention locking in lower rate they are out there really trying, i know everybody wants to put people in home you ownership but no money to build people dont have money to buy it is tougher i dont want to be he totally negative there are really great price spots in the market manhattan condo market incredibly robust summer a lot of buyers out there we need to get them money. The it is interesting i was told o downtown in new york city seems hot area right now, is that true . Where is you the where do people want to go . The hottest building in new york is one highline on highline, did over 200 million sales past summer Everybody LovesDowntown West vigil high lines tribeca hot marks seek good activity onp were i east side as well people go from great product is right now great product, downtown. Maria pam any surprises what is your Biggest Surprise that youve seen in real estate, you know, whether local, or across the country you choose what with a surprises you right now . I think what surprises me how well, the prices have held up. I would have thought seeing more cracking in the prices right now but we really havent, that is again due to this he constrained supply in a market over provided you will see prices starting to ease up, but not as much as i would have thought my biggest maybe expectations for recession are lessening, youve got expectations moving up now that maybe we could avoid a recession how do you see it . As to. No. Up watched your experts every day i watch look the way they see it. I still see a lot of people spending a lot of money on a lot of things, people out there trying to buy luxury goods, you know good lucky facing waiting lists i think people are spending, and maybe rolling recession is correct will be in specific areas. Maria pamela great you this morning. Thanks so much. Thanks, maria. All right. Corporate president ceo, new york city wants to be next government to ban tiktok, on cityowned devices fox business Madison Alworth with more. New york city moving towards a ban on government devices but, at the same time, tiktok is expanding, as government crackdown happens i am going to break it all down after this. Its a new day 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 . Woman why did we choose safelite . We were loading our suv when. Crack safelite came right to us, and we could see exactly when theyd arrive with a replacement we could trust. Thats service the way we want it. Singers safelite repair, safelite replace. 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 wow, you get to watch all your favorite stuff. Its to die for. And its all right here. Streaming was never this easy, you know. This is the way. You really went all out didnt you . Um, its called commitment. Could you turn down the volume . Here, you can try. Get way more into what your into when you stream on the xfinity 10g network. Maria welcome back, more pushback against tiktok as new york city takes action against the ccp controlled app fox business Madison Alworth covers the story, good morning, maria. New york city latest loiks to ban tiktok on government devices a growing liz does not trust china based app we reached out to get comment we are told cybercommand really explorers advances proactive ourselves in keep new yorkers data safe, determined tiktok application portfolios a Security Threat to City Technical network the meaningful from cityowned devices take a look at this map you can see how many are taking this step, so first new york 30 days to remove app from device, then they will join this list cities, states, also federal concerns around this tiktok owned app, at this point there are 37 states already implemented bans or restrictions, as you can see, there despite pushback from u. S. Government at federal, state local level chinese owned app doubling down expanding offering as chinas economy struggling tiktok looking to become a traditional part of the american shopping experience. By investing heavily, in ecommerce with tiktok shop, users can shop directly through videos they watch a new potentially incredibly lucrative republican stream for the app but cap a hill group of by Partner Centers rethe bill state opened devices or unfortunate, there are states could union the list new york massachusetts california oregon pennsylvania, considering statewide bans of the chinese app on government devices, maria. Maria incredible, thank you know the tiktok story, keeps getting worse not just best surveillance but spewing, narrative they want us to believe about communist china there that is. Well a few things i like to address i like so many states moving to ban comrochlg City Networks yes, it is not pushing onto citizens as well, because we all know one thing, once of you tiktok we most dont know once app on phone doesnt matter once you delete it they have access to everyone on your phone how it is. Maria because you downloaded the app on phone. If you took tiktok off a your phone damage is done information now in hands of people in china. The other thing you are talking about yeah. The difference in the way that tiktok working in United States versus in china, in china there is a time limit how long children are allowed to use the application, and shows them, very certain information, how to play piano do math he conveyingss etiquette lessons. In the u. S. They push grotesque things in hands children, interestinging, am i binary kids ransacking stores putting on live stream getting tons of comments this behavior is encouraged because tiktok here. It is sad. Maria i think there is a marxist thread running through america partly from communist china, that is my belief all of this stuff you are talking about, is part of a larger narrative to make americans believer something about communist china make their be disruption within america, worrisome. Absolutely we do have to understand even when we think about these things china ultimately goal is to undermine United States, that uses a variety of ways to do so tiktok is one of those ways there was a video went viral from tiktok earlier this week, that featured what appears a young blonde woman yet upon further inspection was Chinese National filmed proud in china the premise of this video that she was pro Pope Benedict xvi to had flashbacks scrubbing in kitchen raising kids as if awful horrible things she would have to go through they pushes ring away what is goal of that narrative to discourage family making discourage community, sigh op operations government is using to discourage americans from connecting with ultimate goal undermining the u. S. Community, fabric of this country, that is what lawmakers need to recognize, as grabling with this. The comments of fentanyl maud in china pushing fentanyl through mexican cartels into america obviously, the intellectual property theft the surveillance underway, these are serious issues the reason that we constantly question why this administration has such a soft response to china, not to mention a coverup of covid19. Mark the ccp obviously, their watching what our kids are doing certainly watching, quote unquote brainwashing pushing content not quite as productive as they push to kids in china i am glad new york city is banning tiktok now all they need to do ban crime maybe this will be a decent place the to live again we can try that out, as far as this goes why are you tiktoking on work phone especially government do it on personal phone. Maria i love that you brought this up what Government Employees have tiktok on government phone en. Why are you doing that you have a personal phone tiktok on that if you want to. Maria are. Gotten rid of they cant afford phone bills bidenomics that is it. Glad you mentioned ccp to reiterate they gone i say all the time criticism focus on china not about Chinese People this is about the communist party of china, the Chinese People are actually also victims here, because of this this totalitarian government we teen focus on it for sure right back big buzz of the morning on the other side of this break stay with us. There are some things that go better. Together. Burger and fries. Soup and salad. Like your Workplace Benefits and retirement savings. With voya, considering all your financial choices together can help you make smarter decisions. Voya. Well planned. Well invested. Well protected. This is jabra enhance select. Its more than just a hearing aid. Its a smart hearing solution that makes hearing aids more convenient and less expensive. With jabra enhance selects premium package, better hearing doesnt have to start in a doctors office. It starts with our free online hearing test. You can fine tune your settings with your remote Audiology Team. With jabra enhance select you can get the same advanced Hearing Aid Technology and professional care you expect from a clinic at a fraction of the cost. For a limited time, get 300 off select hearing aid models. Visit jabraenhance. Com ah, these bills are crazy. She has no idea shes sitting on a goldmine. Well she doesnt know that if she owns a Life Insurance policy of 100,000 or more she can sell all or part of it to coventry for cash. Even a term policy. Even a term policy . Even a term policy find out if youre sitting on a goldmine. Call Coventry Direct today at the number on your screen, or visit coventrydirect. Com. I need it cool at night. You trying to ice me out of the bed . Baby, only on game nights. You know you are retired right . Am i . Ya save 50 on the sleep Number Limited Edition smart bed. Plus, free Home Delivery when you add a base. Shop now only at sleep number. Maria time for the big buzz. Ever hear of the phrase an arm and a leg. One woman renting a new york city apartment can agree with it. Piper phillips claims she was hit with an additional 21,000 in building fees just to secure the lease on her midtown apartment. She says the Administration Fees and 1time moving fees were 500 each. Have you overheard of this, it is one bedroom and she has thousands of dollars in fees. Stocks in fine print into that contract. Thats not cool at all. This is 5300 a month and what were the fees . 21,000 . Thats crazy, never heard of that. I have. The broker fee gets you. If you sign with the broker even if you didnt hire them you find the apartment, theres an apps called straight easy. If you happen to work with this broker they show you the apartment and next thing you know, it is a mandatory fee, broker fee, usually one month rent which is at the lower end of things or 10 of the annual rent in general which could really add up depending how much your rent is. They have to raise revenue somehow. Reporter this comes after a report that new york city just hit an alltime high in rent, people paying thousands more than they were even a couple years ago so what is the incentive to stay here . If youre wasting all your money. New York Resident lapse, the number was 67 of their income goes towards their rent which is twice as much as the next city, thats crazy. We been watching rent in the inflation data every month and it is sticky. Inflation has not gone down as much as headlines might suggest. Especially when you look at the fact that there is no existing Home Inventory out there. Why would somebody sell their home where they have a 3 mortgage and move into one where they get a 7 mortgage, thats part of the problem. Spinning 7,000 in rent, if she were to move somewhere else in the country, middle america, think about what she would get with a 5000 month mortgage. It puts things in perspective. It has been a great show. Thanks very much for being here this morning. 30 minutes before the opening bell, lets check markets real quick, the highs of the morning, we are off of the highs, investors up 55 connecticut 59, s p higher by 15 and the opening bell sounds in 30 minutes. Varney and Company Begins right now. Stuart less than a week before the First Republic and debate. Trump leads but is down