Friday august 18. Your top stories, 6 00 a. M. On the east coast. The august selloff continue spiking interestrate squeezing consumers and sending investors to sell. After the third day of selling mixed rally, the dow industrial don 46, nasdaq 1046 as well, the s p 500 lower by seven points, edging lower, the ten year yield reaching highs not seen since november 2007. We talk about twentyyear highs, the thirtyyear is settling at the highest since april 2011. The yield is sitting up fourpoint to 25 on the ten year period that is on private basis points this morning. The thirtyyear 4. 39 that is down four basis points from yesterdays highs, investors are hoping for answers at the Federal Reserve jackson hole retreat happening next week were jay powell is expected to take the stand and speak in a speech next friday. We will be covering that jackson hole meeting as well. Mortgage rates also skyrocketing with the thirtyyear fixedrate sitting at 7. 09 . That is the highest rate since april 2002. The very latest on the market, the fed in the economy as more american say bidenomics is not working. European markets in the red, take a look at the eurozone with s p in london lower by 56, the cat cant appears lower by 55, dax index in germany over by 93. Nhl red across the board, hong kong and hang seng index down better than 2 overnight. Joe Bidens House Oversight Committee james comer is demanded the National Archives into handover all emails sent to and from Robert Peters. That is one of many names joe biden has been using on emails connected to business deals in ukraine. Judiciary chairman jim jordan subpoenas fbi and d. O. J. With big tech collusion with the government to censor americans online. Joining the conversation, capital director strategy Francis Newton stacy, then president daniel garza. Mornings with maria is live right now. House Oversight Committee james comer is demanded that the National Archives turnover unredacted emails which involved then Vice President joe biden, hunter biden, ukraine and burisma, the committee is asking for access to a case record titled email messages to and or from Vice President biden and hunter biden. They are targeting specific humans were hunter biden used to cinnamon, Robert Peters or robin ware or jr beware, all different names he was using on these emails, comer also set a letter to the archives writing joe biden has stated that there was an absolute wall between his familys foreign business schemes and his duties as Vice President. The evidence reveals that access was wide open for his familys pedaling. Joining me the House Financial ServicesSmall Business committee. Good to see you, welcome. Thank you, great to be with you. Maria an Interesting Development with joe bidens aliases, all of these names that were learning from james comer used on emails, what can you tell us about this. What i know anything with joe biden in the bigeye and his other aliases such as robert. Peter, robin ware, we know its not robinhood because theyre keeping all the loot for the biden family. They are indicating that that is Vice President biden at the time. Therefore those records should be made available and their links to any week investigation that show a direct link to the bigeye, i. E. Joe biden. Maria do you have any sense of whether or not the Oversight Committee is going to now see a dearth of evidence because of the new special counsel, young david weiss running things, the special counsel in the hunter biden investigation. Is that going to stop the flow of information to the House Oversight committee. They can say this is an investigation david weiss is in charge we can send anything to congress anymore. Wise took five years and got nowhere any set up the sweetheart deal that he let the statute of limitations and any set something up that was unlawful based upon the activities and crimes that were committed. We are largely planning for the republican majority to be handling that anything related to this investigation. Sure were going to press him. It is a special prosecutor, he should be delivering investigatory evidence, real truth and evidence as to the situation at hand. Maria now we understand the Top White House lawyer, stuart gallery is leaving the Biden Administration next month and hes been there three years serving the president , biden released a statement calling him the trusted advisor, a new report claims that President Biden is very obsessed with the negative coverage of hunter. So much so advisors and aides dont mention the topic during campaign meetings. This as the media focuses entirely on donald trump for indictments and now we understand more coming from arizona at this investigation, what are your thoughts here. It is outrageous, im spending a lot of time at county fairs and talking to hundreds of people and people use the word disgusted, literally disgusted. We compared the offenses made clear by the biden family millions and millions of dollars dealing with china and the darkest corners of the world and then indicting donald trump for questioning election for documents as president , he was only one that had the right to pull such documents. It is simply outrageous, people are outraged. We gotta continue to get to the bottom of it, understand the differences in this and provide evidence. In pennsylvania somebody said we have Endless Mountains of evidence. What are you going to do with it. There are a lot of issues facing our country. So many issues, thanks to bidenomics in the biden policy. We got to know whether or not our president was involved, is compromised and took payoffs, instigated bribes and committed extortion and theres a lot of evidence appointed that direction. Maria we all want to see the evidence that President Trump was supposed to release in a conference on monday but he canceled it, his lawyers are saying thats awkward to do you any good, you have to fight this in court not in the public gentlemen, the legal team is requesting the january 6 to try a be pushed off until april 2026. You know the special counsel jack smith once the trial to be a quote unquote speedy trial he wanted to start january 2 of next year but were looking at the for indictments against President Trump as Arizona Attorney general chris m annound he is investigating trump over the 2020 election after katie hobbs told reporters that the state should press charges against former president. We dont know where this investigation in arizona is going but you mention a whole host of other issues youre on financial services, the committee, what are you expecting when you come back in september. As a priority going to be an impeachment inquiry for President Biden or keeping the government open given the fact that the government runs out of money on september 30 . I think there will be an impeachment inquiry but because of the large amount of evidence that exist. I also think the timing on this is highly suspect and what did they think the American People are stupid with these timing on these. Every time there is a bit of evidence that comes out, there is another indictment, supremacy clause, the Supreme Court is not about allowing investigation to interfere with elections. That is a very valid reason to watch the timing on this so its not weapon iced against President Bidens opponent. Maria we notice that as well, good to see you as always, somebody keeps calling you quite early in the morning. Dan meuser. Thank you very much. Sorry about that. Maria thank you dan meuser. The white house keep saying how great bidenomics is. But an overwhelming number of americans think otherwise. The new entre nous poles fresh fox news pulse, John Ratcliffe is here he will weigh in on the Corruption Allegation of the President Trumps request for a trial in 2026. Dont watch that youre watching mornings with maria live on fox business. With voya, considering all your financial choices together. Can help you be better prepared for unexpected events. For a brighter financial future. Thanks. Ahh, pretzel and mustard. Another great combo. Voya. Well planned. Well invested. Well protected. I have type 2 diabetes, but i manage it well. Jardiance its a little pill with a big story to tell. I take oncedaily jardiance, at each days staaart. As time went on it was easy to seee. 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Maria welcome back time for the hot topic of the hour, fox news pull reveals 80 of voters believe the state of the economy is only fair or port only up from 69 from april 22 at 1. Much more than that, half of voters believe President Biden has made the economy worse. Your reaction. The Latino Community is feeling the pain. 86 feel its going to be worse in 2024. What we are seeing here is cronyism run amuck, green subsidies, union carveout special exemptions to the connected in bidens world, it really is a redistribution of economic pain that is being heaped on the American Workers causing them to take on two jobs, put off purchases and its creeping their lifestyles in a way that is painful. Im not surprised by the polling that were seen. Maria frances, part of the issue is President Biden and his administrations green agenda the Climate Change agenda undermines growth in so many aspects because you are shutting down Oil Independence in america. 1000 this is statistically inline with over 60 of american living paycheck to paycheck, they do not have 400 in emergency, they are putting record amounts of Credit Card Debt into the system and they are paying more for everything in inflation is getting ready to be accelerate and they could see that, gas prices are going up, oil prices are going up and even if those taper off into the back half of the liberty risen there is a lag going into the cpi, americans are not feeling confident in their savings from the pandemic have dwindled significantly, that is going to get dry and these people going to be miserable trying to make ends meet. Bidenomics, inflation is working. Deceleration is going at the rates are going up. Its getting more and more expensive and every time the Federal Reserve raises rates, your credit card Interest Rates go up and there will be a threshold of the breaking point and he needs to talk to these people. They are not in the stock market, they dont have assets and even people in the stock market are not at alltime highs from the end of 2021. Theyve gone back to even, its not like the thriving. Maria the two biggest issues right now that i see really affected american citizens as well as a market, oil and rates, rates are spiking, you have the thirtyyear fixedrate mortgage and 7 , that has potential homebuyers walking away and Energy Oil Prices are backup to the highs, 80 around that on crude and that is undermining any efforts to take on inflation because the cost of transporting all of this, transportation is elevated. That keeps inflation elevated. Has a Chilling Effect on the consumer and the purchasing power that they have. Obviously the wages are underwater given the inflation continues unabated in the whole thing about the white house celebrating bidenomics, they got the football at the 50yard line and got pushed back to 20 years in the celebrating like they scored a touchdown. Americans are looking at this in the upset because they are having to suffer the pain but not the politically connected or the favorite in the biden world theyre doing just fine like Green Energy Like you were talking about. Maria investors seem to be doing just fine as well. The stock market is not reflecting these worries were talking about again in the nasdaq of almost 30 year to date although things seem to be pivoting this august, woody expected the rest of the year, have we changed sentiment with the august selloff that weve been reporting. August selloff has been remarkably low volume. Powell is backward to be able to take his foot off the gas when it comes to tightening in this market was pricing and rate cuts for next year end now the market is not pricing and rate cuts because this is the real acceleration in inflation so thats whats happening the cost of capital is going up. I think we will see a selloff continue, i dont know how much or how far but ultimately we will see a correction until we see a credit event ended we will see major Market Action to the downside. Maria were waiting to see if issue drops in the commercial Real Estate Market which could be a catalyst there in all of these topics will be front and center next week, tune into the first Republican Debate on fox news wednesday night at 9 00 p. M. Eastern moderated by Martha Maccallum and bret baier, they should be paid, 9 00 p. M. On fox news for the first Republican Debate were all the Economic Issues will be on the table. A quick break and the risks of recession, skyhigh prices are affecting every class of american. That is next. President biden refusing to discuss his Upcoming Trip to hawaii, that is making a buzz. Stay with us, well be right back. Its not just designed to look good. Its built to command attention. Its not just a comfortable interior. Its a quiet refuge. Theyre not just headlights. They light the way forward. The new fully electric audi q8 etron models. Tourists tourists that turn into scientists. Tourist taking photos that are analyzed by ai. So researchers can help life underwater flourish. The first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. We just got an order from dinosaur, colorado. Start an easy to build, powerful website for free with a partner that always puts you first. Start for free at godaddy. 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Maria welcome back lets take a look at futures and factual decline at the start of trading the dow industrial down 27, nasdaq doctor gayton as to be lower by five points. One of the issues, Interest Rates are spiking, the ten year yield yesterday reached highs not seen since november 2007, were seen a pullback this morning but look at the ten year sitting at fourpoint to 24 down five and have basis points yesterday, checked the thirtyyear settled at the highest since april 2011, were talking about the highest rate in 20 years. The yield pulling back from yesterdays highs at 4. 348 on the thirtyyear that is down four basis points, investors are hoping for instance when the Federal Reserve has its annual retreat, the jackson hole economics a podium is happening next week work jay powell is so speak. Americans credit the fed for inflation coming off of the highs with the love and rate hikes. Writing me cheap chief investment officer, tim pagliaro. Give us your sense of next weeks jackson hole meeting, how important is that you expect we will learn more information about the feds plans. Good morning i think this meeting is going to be very important in this going to be focus on something that hasnt had enough attention and that is the cost of labor. Although labor contracts are being settled that wage and benefit costs are going out 35 p inflation higher, longer, two thirds of inflation is typically wage and benefit cost. I think that will bring focus and you will hear more about that with the fight against inflation. Maria this is a great point that you make, wages in the employment story has been so tight, even a year ago jamie dimon told me hes never seen this kind of environment where worker wages are so tight and moving higher and consistently, you have the labor issue and the price of oil also keep inflation elevated. Do you see any chance that the fed cuts rates anytime soon this year or early next year. No i think theyre going to have to wait and see how the economy responds to the wage increases because objectively right now we are not headed towards any type of landing at all, the economy is chugging along just fine. Maria let me switching gears about the fannie mae and freddie. , federal jury awarded fannie mae freddie. 612 million ruling that the federal Housing Finance authority acted improperly when it transferred ownership of shares to the u. S. For public benefit. We lived this out as fannie and freddie were being taken over by government. Obviously years later released, what is your reaction to the settlement and give us your sense of went down with what happened with fannie mae and freddie. I think more importantly than the 612 million the jury awarded the shareholders, yet a randomly selected people in the heart of our nations capital, they came together in injury and they took less than ten hours to unwind ten years of litigation and motion practice. In they found that the federal government through fh fa and these companies acted improperly, they violated the covenant of good faith and fair dealing in billions of dollars of shareholder interest and contracts. As sweet as the victory is for shareholders, its a sad commentary on where we are right now and how government typically abuses litigation speed but i think it is interesting to also check the house of fannie mae and freddie. Today. Look at whats taken place for these companies. Et al. Stated the last quarter they made 7. 8 billion. The most recent stress test, they go through stress tests just like the big banks. Even with the 38 decline in housing prices based upon the current capital they made 9 billion in the accumulated 109 billion in capital since President Trump allowed them to do so in september 2019 so decoupled from the federal government you could make an argument that fannie mae and freddie. Would have a better Credit Rating than the federal government. Maria amazing. Its been a wild seven years, do you think that says something about the Housing Market that theyre doing so well right now because were worried about housing given the 7. 1 Mortgage Rates that were talking about. We should be, the nations 5 million singlefamily home short, this is a carryover from financial crisis in part because that they have not appropriately capitalized and allowed fannie mae to get stronger. They use the money, they took 100 of the earnings and profit from 2012 to 2019, over 300 billion that they use for other things. Now were at a point where the government ends the conservatorship, theres 110 billiondollar windfall all that could be used in each of the 435 congressional districts, that is 230 million of districts and that would allow her to address some of the barriers that assist on affordable Workforce Housing without an appropriation of money. Maria amazing. Am glad you made that point, in terms of the macro story were facing a rich session not a recession. A rich session, explain. When the fed kept rates lower for longer, anytime you do that and you mispriced capital, bad decisions are made by people to have access to the capital. The commercial office space the everybodys talking about next year as we rollover rates, there are businesses that are not appropriately capitalized, the rich can absorb the losses in their going to take them, that is a counterbalance to the average american that had very little to lose, they are gaining a little bit of ground inflation, tremendous wage increases, theyre going to catch up and i think the rich are going to bear the brunt of this economic challenge and transition or environment. Maria very, very interesting. Working to keep a spotlight on that. Its great to have you this morning, please come back soon. Thank you maria. Tim paglia rejoining assessment, a quick break President Bidens First Campaign summit hopes to align our allies against the growing china threat we are told. Were going to take a look, live report from maui on the death and destruction from the historic wildfire situation. A massive hurricane turning up the west coast as well. We will have it all on the other side of the spring. Meet the team. Behind the team. The coach. The manager. And the snack dad. All using chase to keep up with their finances. The coach helps save goals here, because she saved for soccer camp there. Anddd check this out. The manager deposited a check. Magic. And the snack dad . Hes getting paid back. Orange slicesss. Because this team all has chase. Smart bankers. Convenient tools. One bank with the power of both. Chase. Make more of whats yours. Dad, whats with your toenail . Oh, that. . Im not sure. Its a nail fungus infection. Thats gross its nothing, really. Its contagious. 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Maria welcome back the emergency chief and now he is out submitting his Resignation Letter after criticism of his response to the historic wildfire. The wildfire has claimed the lives of at least 111 people in the maui. Robert ray is live in maui with more details. What can you tell a. Good morning to you, just after 12 30 a. M. In hawaii, hello to everyone we have an active situation more than a week after the wildfire raged and maui. Take a look at the video from the ground as cadaver dogs are searching through the remains of the Historic Town of lahaina for human bodies. We are at 111 people that have lost their lives. I talked to a federal source last night on the ground who tells me he expects that number to go up significantly in the days to come as literally hundreds up to 1000 people are still unaccounted for, in the meantime the breaking news out of maui, the Emergency Management head chief has resigned as of yesterday citing Health Reasons of all things in here two days ago a press conference exploiting why the assignments did not go off. The sirens as i mentioned earlier is used primarily for tsunamis. The public is trying to see Higher Ground in the event had they sounded the cyber that night we are afraid people would have gone. And if that was the case it wouldve gone into the fire. More fallout to continue as a search for more humans continue on the ground. In the meantime, how about this a very rare hurricane tracking of the west coast hurricane hillary at a category 4 strength near the baja peninsula expected to come in later this weekend into early next week. It will not be hurricane strength as it approaches california and arizona and even into las vegas. But the pocket specifically, socal could see 2 10 inches of rain and that will cause flash flood in, Southern California of the southwest preparing as another rare extreme weather events on the way. Maria unbelievable, thank you very much, we will be watching the reporting and coverage all day, robert ray and maui. President biden hosting japans Prime Minister and south korea for the firstever Leaders Summit at camp david with chinas aggression expected to dominate the conversation. It comes as a Biden Administration announces new tariffs on candlemaking metal imports, china seen the highest imports of a levy of 102 of the import value. I spoke with stephen executive mice under Vice President mary about this yesterday. Watch what she said. The bigger question, tougher question its not just about punishing china and erecting barriers it is about building alliances and strengthening the American Academy and are innovators to win. I hate to say competition because is not a competition is not a fair and level Playing Field that something also going to the administration you talk to free traders and they say freetrade is great, it is but we dont have free trade with china and that is the problem. What we need to insist on his affair and level Playing Field and we should stop treating them differently. Maria a similar sentiment that President Trump told me when i spoke with him recently, Atlas Organization founded the author of the decisive decade, author jonathan dt ward joins me to talk about that. Great to see you, thank you for being here. President trump instituted tariffs on china and pushback, that was his way of pushing back on the aggression from communist china but you mentioned somebody times at the Capital Markets are wide open for communist china and that has ordinary americans recently funded the expansion of the ccp, your thoughts . Its been a while since tariffs have been in the news and its good to see that still an instrument of u. S. Policy apparently this was 122 tariff and part of the reason according to the wall street journal was an investigation that wouldve asked the Chinese Companies and they can making industry to prove the not bold into the comets party and they refuse to participate in that. Again Chinese Companies and states are deeply intertwined that the nature of the system, very few things get outside of the bounds of that relationship and so far the sector is going to be important and were concerned about dumping in very few plants left that do this in the United States and probably the right move. Were glad to see that as a policy instrument and as you mentioned this is one dimension we have not got a fullspectrum trade strategy from china, its one thing to put tariffs on and another to win a global context for trade they become the primary trading nation with a plurality of the worlds other nations and we dont have a response to that yet, were going to need one when it comes to Capital Markets we see little action in the executive order which is the signal to business and being read that way to some extent its not a Strong Enough signal and knowledge anyone broad market strategy, when you talk about the index creators and the fact that so much capital is flowing into china not just from the United States but the entire u. S. Alliance system which makes up the bulk of Global Wealth in gdp, we dont have a fullspectrum Economic Strategy and thats what we needed for serious about this competition and as mary mentioned in a written great length. Its not just containment of china its about building their relations with our allies and ensuring that the structure that the u. S. System remains intact despite the challenge for moscow and beijing. The camp david summit in that regard is when. Getting korea and japan together is it in enormous challenge and u. S. Foreign policy for decades and here we are hopefully the beginning of bringing in the real trilateral with china and north korea as the focus. Maria that is very good. The neighbors are in the region also watching this aggression in realizing they also need a plan. The executive order from the administration obviously does not do it. Weve spoken with many people on that, Roger Robinson junior was with me last week and said this is an incredibly narrow, the market has a complete pass is not going to be instituted for whole year end Chinas Congress a ministry is trying to appear tough, welcoming a visit by u. S. Commerce secretary gina romano. Beijing saying the country is in close communication on arrangements, there have been reports that she could travel to beijing later this month. We keep sending people to travel there to beijing in the aggression gets worse and worse. Janet yellen went there and they serve to psychedelic mushrooms what does that say about the level and lack of respect that the communist party has for america. They do the ordering in the Chinese Restaurant in the order mushrooms that are hallucinogenic and cheats them. Apparently the mushrooms lose their hallucinogenic properties when theyre cooked and others have cooperated but must admit her trip more interesting, long strange trip to beijing for janet yellen. This is an embarrassing to some extent to send officials to continue to engage without a real strategy to have contradictory statements constantly not least of which janet yellen wanting businesses to engage not turn to slow down china economically not looking for economic advantages. This is going to be won or lost as an economic competition is geopolitical competition at the risk of military conflict but the major advantage that the u. S. Has to play is to win an economic competition while we still can instill the Worlds Largest economy in the reserve currency and we can sanctions all kinds of entities around the world and while were the vast majority more than any other nation of Global Wealth those of the advantages that we have and we need to use them for serious and different not serious theres plenty that we could do to allow them to gain. Maria it doesnt seemed like were serious frankly. Maybe its time for beijing to send their officials to america given the fact that its not lost on me that every meeting of the cabinet officials has been a complete embarrassment. Anthony bliken travels there, while hes getting on the plane they are hacking his email and the commerce department, the state department. John kerry goes there why hes on the ground, xi jinping says nobodys going to tell us what to do with the Climate Strategy in janet yellen, they give her drugs. Really that is a level of disrespect it is beyond and this is happening at a time where chinas economy is weakening, Morgan Stanley cut the forecast for Economic Growth into next year calling the slump in Property Market local government financial stress, we know chinas Property Company evergrande has filed for chapter 15 bankruptcy in a manhattan court, this happened yesterday, this is a big deal lets talk about the shift in sentiment around the chinese economy. Even businesses are having second thoughts about going into china opening the doors knowing theres new rules the ccp has allowing them to merge into any business instill intellectual property like theyve got at bain and company. I think youre right, the media is picking up on the slowing of the chinese economy to a certain extent, the weakness in the property sector these are mainstream readings of how china is doing so i think a strategic level that presents inches is economic containment real economic containment is a viable strategy. If you contain china the 2020s and ensure that they never catch up, thats what we should be doing that is Capital Market trade technology. As you pointed out the new National Security espionage, the rate on bain and other groups this is showing as well as geopolitics and in the understanding the invasion of ukraine did to businesses that expected to be in russia for the long run. I think businesses are starting to understand the geopolitics matter but it does not mean that the goodie d prioritizes market yet in the supply chain, going to require a nation between businesses and government to enable Corporate Strategies to shift away from china entity risk that. And also to get capital flows coming back to the United States, on the growth rate, Morgan Stanley revised this years projections for chinas gdp from 5 to 4. 7, that is three and half times what they project the u. S. Growing this year. Were still dealing with the growing country in which country thats growing faster than us pretty 20 trilliondollar economy, this is not over yet, this is just beginning. Maria real quick before you go, the chinese yuan is that a 15 year low in evergrande bankruptcy is top of news. Do you believe that u. S. Banks are going to get on the hook for the evergrande disaster. Are we going to see the u. S. Banks have to take a fall because of whats going on with the vacancy of evergreen. They Just Announced the offshore debt restructuring anyone whos invested in this is going to get her hard and anyone whos invested in other aspects of the chinese economy need to look at what theyre doing so the banks need to deeply revise her strategies towards the end of pacific more broadly. Maria you have been writing this for so many years, you been spot on one ticket in the latest book, thank you for your knowledge and your time on all of this, thank you. Jonathan jt ward joins us the ts morning this isnt just freight. These arent just shipments. Theyre promises. Promises of all shapes and sizes. Each, with a time and a place theyve been promised to be. A promise is everything to old dominion, because it means everything to you. 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. 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Get connected on the day of your move with the xfinity app. Can i sleep over at your new place . Can katie sleep over tonight . Sure, honey this generation is so dramatic move with the xfinity 10g network. Tell us about your hawaii trip sir. Not now ill be leaving in be there on monday. Maria not much info, that is a boarding buzz, President Biden yesterday failing to discuss his trip to hawaii. Could it be because he forgot where hes going and forgot where the fires are happening like he did on tuesday, watch. Army helicopter helped Fire Suppression on the big island because theres burning on the big island not the one that you see on television all the time. Maria you mean maui you daniel reaction. Im reminded john f. Kennedy was pumped by a staffer because he was combing his hair too long get it jet plane and he said you need to get out there and he said young man you have to understand is not john f. Kennedy walking out of the plane its the United States of america. In a real way, you are a consoler in chief, you are a voice at times of National Tragedy when you tweet us with this indifference it matters to people who are victims and suffering this tragedy, on the score the president is failing. Maria frances, it is a sad situation to watch and you have people questioning the president s mental capacity every day. Every day and i dont understand why he doesnt want to answer questions, isnt he in a Reelection Campaign why is he not spending any money campaigning, there is something going on something we dont know about with the campaigning efforts and he one from the basement last time around we are not the pandemic anymore, basic manners and acknowledgment and granting of importance of somebody. Its owned by the Biden Administration. I do understand the hubris and gives them, i have to question them continuously, is he running, is he really running because its too strange with the president ial campaign cabinet. Were watching the horrific information i asked reporters how did the fire start. Over the powerline started the wildfires, new reports reveal that the company was aware of wildfire threats but remain focused on the shift to renewable energy. We do not know how these fires started, we do not know if Hawaiian Electric is culpable in any way. You have the questions about the situation just the same as we are questions of the wildfires in canada that causes smoking america, your reaction. How many grade failures in storms or people are freezing to death of the situations in california were you have to turn off your electricity in the middle of the day, how are you going to charge her tesla when youre forced to buy one of those. How many have to come about before somebody starts saying wait a second, green energy is not all that it cut out to be another and intended consequences environmentally that they never bring up. , this is more insanity they did not cut away the voyage, they are culpable. Maria we will take a break, House Judiciary Committee jim jordan not played around with pursuing a link between big tech and censorship, the top federal agencies colluding with big teck it is a hot topic buzz of the hour. That is next. Ves h us. Get decision tech from fidelity. [ cellphone vibrates ] youll get proactive alerts for market events before they happen. And insights on every buy and sell decision. With zerocommission online u. S. Stock and etf trades. For smarter trading decisions, get decision tech from fidelity. What if you could make analyzing a big banks data. No big deal . Go on. 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