Maria good friday morning, everybody. Thanks very much for joining us this friday. Hope youre having a good morning. Im maria bartiromo. It is friday, september 29. 7 00 a. M. On the east coast. Time for the hot topic of the hour. Gop president ial candidate nikki haley called out the Biden Administration for making the United States more dependent on china, she said so during the second primary debate wednesday. Watch this. You have a company, u. S. Antibiotics that produces a pox amoxicillin and theres a company in bristol, tennessee that produces that yet our federal government only gets it from china. We need to focus on companies that produce in america and supporting those companies that produce in america. Not companies that are helping china. Maria so the u. S. Importing nearly 7 billion worth of drugs from china in 2022. That number is up from 820 million just a year earlier, 2021. The surge reportedly being driven by chemotherapy drugs and cardiovascular drugs as well as infection drugs that haley mentioned. Remember during covid we saw the chinese media, state media, come out with a tweet saying well, the United States needs the active ingredients from china and maybe we just wont send them to america anymore and theres a comment that xi jinping made in a speech during the 100 year celebration of the communist party, saying we have to make sure the world is dependent on the chinese supply chain so that we can turn it off when we deem necessary. Unbelievable. Because that otherwise gives them the leverage to control the world which we cant have. But with regard to the drugs in particular, you raise such a great point. This is biological Chemical Warfare if you actually think about it. If they can turn off the spigot, people can ph potentially die. I think nikki haley should have gone a step further. My little one wont die if she doesnt get a amoxicillin. You mentioned chemotherapy and cardiovascular drugs, if they turn off the spigot on those, people co could die. Theres a lot in the pipeline we are dependent on china for. You worry if they want to play hard ball and i dont believe theyve come close to playing as hard as they could, china could put us in a real bind. We are america. We invented manufacturing. We should be able to bring manufacturing of drugs state side. Maria youre right. Cheryl, its unbelievable. Right now not only are we depend on china for these active ingredients in the drugs we need, but what the Biden Administration is doing is jamming through this Climate Change agenda, making us dependent on china for the electric vehicles they want us to buy. The batteries are made in china. So were doing it all over again even as they talk about lessening the supply chains, theyre not. And this is another mistake by the Biden Administration. Im glad that you brought up the issue of the pandemic. Thats where we learned and americans became most aware that their drugs or not just the sersserious drugs for chemothery but Blood Pressure drugs, theyre coming from china. Can they do anything to encourage domestic manufacturing. No, theyre trying to slam evs down our throats, who can afford a tesla . Most americans cant. They the can barely afford food right now. The other thing that is disheartening, this makes us still to this day dependent on the chinese and maybe thats why weve seen official over official go to beijing, some of them eating m mushrooms, pun intended here, to no avail and why. I still want to know why. Maria were begging them for partnership, john. In the meantime, they should be coming to us. Instead joe biden is begging for communication. I dont know whats going on but they certainly are not treating the United States with any respect. Yes, janet yellen they fed psychedelic mushrooms and she ate them. Yeah. Thats why she went ahead and said perhaps the dollar need not be the worlds strongest currency which is absolutely suicide for the u. S. Economy and our triple a credit rating. The reality a is, we do need diversity of sources as far as production of critical materials, drugs and whatnot are concerned. But to get to this diversity of production, its going to be costly. The reason why we import these drugs so gladly, lets say, from china is because it is cheaper. But cheaper isnt good enough. You have to take into consideration National Security matters and thats being ignored by the Biden Administration. Maria its a great point. Was cheaper any better when they were tucking about vaccines from china . I dont think so. By the way, nikki haley came out again, so well, they in that debate. You have to wonder if anybody on the stage, donald trump was looking at, and saying well, this could be a good partner. He killed had that notion when he was with the United Auto Workers on wednesday. Listen what trump said about the potential for choosing a Vice President from someone on the debate stage. Watch this. Th they want anything, secretary of something, even say vp. Does anybody see any vp in the group . I dont think so. Maria i dont think so. Wow. Your thoughts, todd . I think he can change his mind when it comes to nikki haley. Lets be realistic, hes not changing his mind when it comes to mike pence and i dont think hes changing his mind when it comes to ron desantis. I think theres too much bad blood there. I think nikki haley and donald trump have done a bit of a dance over the last couple months. They havent completely attacked one another. The door is still open for one nikki haley. Maria they were dancing during the trump administration. She i was told wanted the role but he didnt want to dump pence at that time. When we come back, weve got a lot more ahead p. Markets are moving ahead of the august pce report. Dow industrials up 1706 right now. Does that 170 right now. Does had that change after we get the inflation data at 8 30. The word on wall street is coming up with their expectations. Dont miss it. Youre watching mornings with maria live on fox business. Hey, look ma, i made it. Hey, look ma, i made it. Everythings coming up aces upbeat music Constant Contacts advanced automation lets you send the right message at the right time, every time. Constant Contact. Helping the small stand tall. It was the worst headache of my life. Pain you would not believe. Like something exploded in my head. [female narrator] fifteen Million People have an undiagnosed brain aneurysm. If you have the worst headache of your life get help immediately. Visit Lisa Foundation dot org to learn more. Maria welcome back. It is time for to the word on wall street. Joining me is university of akron endowment p fund chairman, Dennis Gartman and with us all morning, john lonski. Dennis, good to see you. John, i want to kick things off with you as we look at the rally underway on the final trading day of september and the third quarter. This week the 10 year treasury yield climbing all the way to 4. 6 . What do you make of the bond market as we see a rally in stocks this morning, probably more to do with the end of the quarter than anything fundamental. Maria, i think its too early to state with confidence that a top for the 10 year treasury bond yield is near. I think theres a pretty good chance the 10 year treasury yield continues to climb, that it moves up to 4. 6 , perhaps heads up towards 4. 7 . The bond market is finally recognizing that these gigantic federal budget deficits are going to be with us for some time, especially if we follow through with these scheduled these legislated subsidies and regulations related to green energy, evs, as well as microchips. Its a terrifying number. 6 of gdp for the u. S. Federal budget deficit through 2025, thats usually what you associate with a recession. And heaven help us if we have an economic downturn. That means that as a percent of gdp, that deficit might be heading up towards 8 , if not 10 . Rough going for refreshlies. Heres what treasuries. Heres what i think. Treasury yields continue to move higher until Something Big breaks and that thing that is big that might break could well be the u. S. Equity market if not the u. S. Economy. Maria yeah. And thats what this fight in washington is all about, the fact that all of this spending ah has stoked inflation and its still elevated. Dennis, no matter how many times we say inflation is off of the highs, its way down from the 9. 1 we saw in the cpi more than a year ago. Oil prices are going the other way. Theyre up. And theyre still hovering close to 100 a barrel. Doesnt that undermine any effort to take inflation down with crude this morning at 92, 61 . Lets make this very simple and say yes, thats make a big difference. The fact that the markets are focusing on where crude oil prices have gone, theres an anomaly going on in the crude oil market that a we need to Pay Attention to, probably the front end of the yield curve has been disextended because of a shortage of crude oil at the delivery are point in oklahoma. We have a narrowing of wti brent premium to wti. Normally brent trades 4 premium to wti, now its trading at 2. It could go to parody, Pay Attention to whats going on there. We had a difficult time yesterday in the crude oil market. There were rumors the saudis with discon disconcerted about t that crude was getting close to 100 and there was talk they would end their embargo earlier than anticipated. Watch the term structure. The term structural came in for wti and brent yesterday rather dramatically and the term structure will change before the direction of prices. But i think at 95 to 96 96 foi is an extremely high price. Maria weve got the august pce number coming out this morning in an hour and 15 minutes. Economists are expecting prices toss be up two tenths of a percent month over month and 3. 9 year over year. Do you think were going to see the reflection of spiking oil in this august number . I doubt that we get anything more than two tenths of 1 month over month. Its the year over year number that people will Pay Attention to. We might get a number closer to 4 rather than 3. 9 . Time shall tell. It will be interesting to see the number. Thats clearly the number the fed pays most attention to when it comes to inflation. Well see what hams. But i think it will be two tenths of 1 on month on month and maybe higher year over year. Time shall tell. Maria oil was elevated during the month of august. Thats when we started seeing oil b bubble up, right. Gasoline was significantly higher in the month of august, along with oil. Weve seen a smaller increase by gasoline prices thus far in the month of september, telling me that were not going to see a replay of headline inflation for the cpi growing by six tenths of a percent, maybe that goes back down to nothing no faster than two tenths of a percent but theres a real risk that the price of crude oil rises further, approaches 100 per barrel. In that case well have Higher Energy costs, higher petroleum costs passed along to the entire economy. Lets not forget labor costs. What were looking at now are a lot of wage agreements that are averaging 5 a annually over 5 annually over the next several years, thats up from the current 4. 3 year over year increase that we get for the average hourly wage. And if Wage Inflation does pick up, that could only spell of faster inflation for services and thats where your problem is. Your know, with the the pce price index it was in the month of august, Service ConsumerService Prices higher by 5 year over year. Consumer goods prices on the other hand, tan tangible goods, their prices were down by two tenths of a percent. Maria can i make money on this . How do you make money on this . Well, i think one way of making money on this is by saying to yourself if inflation is a close to peaking, does that mean at some point in 2024 were going to be looking at lower Interest Rates and then you want to look at the stocks and right now theyre getting clobbered by high Interest Rates, the utilities are getting beaten up pretty badly and perhaps there might be breathing room for banks they may not have to increase Interest Rates on deposits as much as some fear. Maria yeah. Or maybe you look at the oil sector and try to find opportunities there. Dennis gartman, great to see you. Thank you so much for weighing in. John lonski, youre with us all morning long. Were grateful. Quick break and a Government Shutdown is looming, it will likely do so if we dont see any progress tonight. The house advancing only two of the four bills on the floor last night. Speaker mccarthy wants joe biden to address policy changes at our southern border. He has said, if not, the government will shut down. North carolina congressman greg murphy is here to tell us where we are, next. Im coming up. I want the world to know, got to let it show. I got this 1,000 camera for only 41 on dealdash. Dealdash. Com, online auctions since 2009. This playstation 5 sold for only 50 cents. This ipad pro sold for less than 34. And this nintendo switch, sold for less than 20. I got this kitchenaid stand mixer for only 56. I got this bbq smoker for 26 bucks. And shipping is always free. Go to dealdash. Com right now and see how much you can save. Goli, taste your goals. Every day, businesses everywhere are asking is it possible . With comcast business. It is. Is it possible to help keep our Online Platform safe from cyberthreats . Absolutely. Can we provide health care virtually anywhere . We can help with that. Is it possible to use predictive monitoring to address operations issues . We can help with that, too. With the advanced connectivity and intelligence of global secure networking from comcast business. Its not just possible. Its happening. Maria welcome back. The house voting on Appropriations Bills last night, passing funding for homeland security, the state department, and the pentagon. But the bill funding agriculture and the food and Drug Administration failed to advance after 27 republicans voted against it. The house approved 300 million in new aid for ukraine, for training ukrainian soldiers, 117 republicans voted no on that bill. House speaker Kevin Mccarthy was very straightforward, posting on x, quote, if President Biden stays on the sidelines while our border is destroyed, day after day, the government will shut down. Joining me right now is North Carolina congressman, greg murphy, a member of the house ways and Means Committee. Its a pleasure to see i. Thanks for being here. Good morning. Hope youre well. Maria walk us through what took place this week and where we are. Are you expecting the government to shut down on saturday night . Well, weve been walking through getting through the rules and getting through the final Appropriations Bills, looking at the hundreds of amendments that individuals are allowed to submit in regular order and weve gone through and through and weve got three of the four bills passed out, one did not, agriculture did not pass out. A lot of folks who are in the midwest really thought the cuts were too stringent but were moving on. I think were doing in the process what we intended to do. Sad thing is, some of our colleagues slowed the process a little bit. Were at the praecipes. We have to fund the government and we either do it through a cr or shut down. Im cautiously optimistic well get a cr, not shut down. Maria you passed three out of the four that you were working on. Thats a big deal, three out of the four seems to me to be a victory. You only had a couple days and you did that. But i want to get your take on how long you think it will take to get the rest of the work done. Lets say we get that continuing resolution. Is that the cr that Byron Donalds and scott perry worked on where its an 8 cut in spending but it makes the border policy changes the key centerpiece . Well, i think so. Theres several different iterations, maria, that still are flexible to this day. Theres thought to be a discharge petition by one of the members from new york to get the whole thing done cleanly. Im not in favor of that. But the whole fact is that were thinking about it and moving it forward. Sometimes if something comes over with the senate the senate sent something over with massive amounts of aid for ukraine its dead on arrival. Nobody wants a shutdown. Nobody wants a shutdown. And so were just trying to move forward. This is hard business, its hard to gather all the individuals and all the different personalities together to agree but i think mccarthy has done an excellent job of herding the cats. Maria he certainly has. I know its tough when you only have a four seat majority. I want to get your take on the other big piece of business, that is the householding the first impeachment inquiry, the hearing yesterday. Congresswoman nancy mace joined me to talk about this. Listen to this. My democrat you can colleagues democratic colleagues say none of this is relevant because joe biden wasnt Vice President when the family did the shady deals. Turn out that complete and total [bleep]. Its a lie. Hunter biden referred to access to his father as the keys to the familys only asset. Those words are going to come back and haunt hunter biden and his family forever. Maria congressman, you know your democrat colleagues on the committee are atempting to defend biden. They say this has everything to do with trump and a th theres o evidence. Watch this. I will tell you what the president has been guilty of. S hes unfortunately been guilty of loving his child unconditionabley and thats the only evidence they brought forward and honestly, i hope and pray that my parents love me half as much as he loves his child. So. So what is this hearing actually about . Its a campaign strategy. It is this committee and loyalists of donald trump doing his bidding to bolster his chances of winning back the white house and securing their majority in the next election. Maria congressman, your reaction . Im laughing at that. I mean, thats just an outrageous little scream. Who is helping donald trump win the election most is joe biden by his disastrous policies, the absolute majority of americans right now see his immigration policy as antiamerican and destroying the country. That little tirade meant nothing. The evidence is there for joe biden, more and more were getting closer and closer and closer. Just because they dont want it doesnt mean it isnt there. So bless her heart as we say. Maria so congressman, i want to get your take on what you think is the most damning evidence. I mean, youve got witness testimony where those whistleblowers said 5 million to one buy done, 5 million biden, 5 million to the other. That suggests bribery. Youve got 166 suspicious activity reports and youve got all those emails and Text Messages by hunter biden with jim biden. But what do you deem as the most important evidence against joe biden for potential bribery . Well, its a web. Its a web, maria. And you know the whole thing started with burisma who is a corrupt company. Their own prosecutor, federal prosecutor was going after them so they say what can we do to stop this so they hire hunter biden who habe has absolutely ng to do with this energy company, knows nothing of this, paying 88,000 a day. All of a sudden the Vice President goes over to ukraine, threatens them and a we have tv audio and visual evidence where hes threatening to withhold 1 billion unless they get rid of the prosecutor that is pushing against burisma. When happy joe gets 5 million a little later, and the thing is, theyre so corrupt 20 Shell Companies have actually no product, no business, no whatsoever being paid by ukraine, by china, by russia, by i romania, it goes on and on and on. Were just closing in on the final smoking guns of this. The guy said he was hon ofest. Hes honest. Hes the most corrupt president this nation has ever seen. Ever seen. Maria that is just stunning. Just to be clear, i believe hunter biden was making like a Million Dollars a year, 88,000 a month, right . Yeah, absolutely. Maria 88,000 a month. Okay. I want to turn to your doctors hat and if youll put that on for a second. Ohio congr congressman brad wen, the head of the select subcommittee on the coronavirus pandemic sent a letter to the health and Human ServicesInspector General charging that dr. Anthony fa fauci was attempg to influence the outcome of the investigation into the origins of covid19. The more we hear out of what took place, whether its about joe biden and these bribery situations or covid and the censorship that we all faced during covid, the more that we do not trust this government, whats the sorry with Anthony Fauci and the cia . Well, Anthony Fauci in my opinion was an arrogant despicable leader of medicine at that time but instead of doing it objectively, he did it with 100 political science. And what were finding now is joe has to go to any length to protect himself from looking like hes attacking china because they have so much evidence on joe for being actually corrupt. And so fauci, whether its related to joe biden or not, knew that if people knew that the virus came out of china, that his political career, his medical career would be over because he was funding this research. So it initially you came out that the virus came out from this lab but then it was a quick switcharoo, they changed all the evidence, they made people who were putting out the theory and the knowledge i absolutely 100 believe it came out of that lab, not on purpose but it came out of that lab so fauci has lied upon lied upon lied, i saw you brads letter alleging this access to the cia. Makes me doubt that nothing whatsoever. But its part of an Agency Scheme to protect the president and deflect the fact that biden doesnt want anything coming out of china that looks like theyre atacking china. The communist party will rip open the page that says heres how corrupt the president is. Maria how much do they have on him . Is that what this is about . Theyve got so much on him that hes got to protect china at all costs, even though its the number one adversary of this country. Absolutely. Maria amazing. Thank you very much. Well keep a spotlight on this and follow your work. We appreciate it. Greg mor by is in d. C. Thanks greg murphy is in d. C. Quick break and explosive testimony by top house committees, they laid out evidence and a pattern of foreign influence peddling and potential bribery of the biden family. Andy mccarthy is here to weigh in on that. We want to get Andy Mccarthys thoughts on all of this. Hes coming up. 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. The day you get your clearchoice dental implants makes every day. A lets dig in day. Mm. A chow down day. A take a big bite day. A perfectly delicious day. Mm. [ chuckles ]. A love my new teeth day. Because your clearchoice day is the day everything is back on the menu. A clearchoice day changes every day. Schedule a free consultation. About a cashew farmer from mozambique named carlos. Carlos lifted himself out of poverty with the help of techoserve. Go to technoserve. Org and see how you can support struggling farmers like carlos. Its a different way to make a difference. Circulon with scratchdefense. Built from three layers of nonstick to withstand over 350,000 metal utensil scrapes in laboratory testing. 130 times longerlasting than the competition. Get Free Shipping at circulon. Com maria welcome back. Tesla ceo elon musk took a tour of the southern border yesterday. He wanted to see things for himself. Cheryl with all the details right now. Cheryl. Cheryl maria, elon musk taking a trip to eagle pass yesterday to get a firsthand look at the latest migrant surge. He live streamed the tour of the border town with congressman tony gonzales, giving the warning to the white house. We should also not be allowing people into the country that are breaking the law. That doesnt make sense. The law is there for reason. Even new york is buckling under the pressure of how many Illegal Immigrants are going to new york. If new york cant handle it, pretty much no part of the country can. So if we dont do something soon, were just going to have like i said a collapse in social services as were already seeing in new york. Cheryl this follows the massive migrant influx we saw earlier this week when 11,000 migrants poured across the border in just 24 hours. 4,000 of them crossing into eagle pass. Well, a m pai parasite has beenn the water in baltimore. It could sicken vulnerable residents. Its commonly found in lakes and rivers. It you was discovered during a routine test of the druid lake reservoir. Another brand cashing in on the taylor swift phenomenon. Heinz is cashing in with a brandnew cou condiment. It p shows her eating a piece of chicken and what seems to be on the chicken ranch dressing. No. That doesnt sound good to me. If taylor swift likes it, the country will no matter what, the country will eat that way. Maria shes an Economic Indicator at this point, right, cheryl . Cheryl she is. Its incredible. Maria amazing. Thank you so much. Meanwhile, were looking at the houses hearing, the house held its first impeachment inquiry hearing yesterday against President Biden. Heres Oversight Committee chairman james comer laying things out for us this week. Watch. At least 10 times joe biden lied to the American People that he never spoke to his family about their business dealings. He lied by telling the American People there was an absolute wall between his official government duties and his personal life. Lets be clear. There was no wall. Maria law professor jonathan tourly one of the witnesses yesterday, broke down how President Biden could have benefited from foreign influence peddling. Watch. Can a benefit to your family be a benefit to you . It is. Theres been a repeated statements you need to show that President Biden accepted direct money in order for this to constitute a benefit even under criminal cases that deal with bribery, extortion, and hijack. The courts rejected that, said that money going to family members is in fact a benefit. Maria joining me is former federal prosecutor and fox news contributor, andrew mc mccarthy. Thank you for joining us this morning. What is your assessment of that hearing and where we are right now in terms of this impeachment p inquiry. Give us your be opinion. Well, you know, maria. , ithought there were a lot of people yesterday who said they were disa a disappointed because there didnt seem to be a smoking gun that came out of the hearing and i think thats a testament to the success of the Committee Process going up into the impeachment inquiry because if you knew nothing at all about any of this going into yesterday and they told you the biden family between 2014 and 2019 raked in 24 million from corrupt and antiamerican regimes or at least people connected to them, that would be jawdropping. So part of the reason i think people came away from yesterdays hearing a little bit disappointed is because weve heard all this stuff before because of the tremendous progress that the other committees made and yesterday was just a pretty standard hearing that you would do at the beginning of anything as important as an impeachment inquiry, to explain what is required for impeachment and give a general outline of what you think youre going to prove in the coming hearings and i think thats what they did yesterday and their process is a little bit unwieldy. They had 47 different members asking five minute rounds of questions so its hard to its hard to stay with one thread for any sustained threngt of time but you know, this is going to be a long process. Maria well, lets talk about some of the potential evidence that the House Republicans have talked about. This 260,000 in wire payments, there was one check for 250,000 and another check for 10,000 from Hunter BidensChinese Business partners, labeled as a personal investment. Despite hunters legal team claiming the money was part of a loan, the beneficiary address for that wire was listed as joe bidens delaware home. And i find this really striking because at the time, hunter was living in california. So hunters living in california but his chinese partners decide to send 250,000 to joe bidens home . And by the way, this is not a long time ago. This is 2019. So you know, in 2019 as joe biden is getting ready to run, in the my you del of his campaign for middle of his campaign for president , he received a quarter Million Dollars at his home from Chinese Business partners. I asked house Oversight Committee chairman james comer about the white houses excuse on this and heres what he told me. Hunter biden was living with his dad during covid. Theres two problems with that lie that he and sam said. Number one, covid hadnt happened yet. We were six months away from covid happening, and number two, hunter lived in california, according to his own book. T at that time he lived in california. The wire was sent to joe bidens house in delaware while he was a candidate for president. Maria at the same time andy, the house ways and Means Committee released an email from an irs agent writing about a cnn producer who claims to have a hunter biden email where hunter expected his legal stuff, quote, unquote, to go aaway when his father became president , andy. How is the white house going to wash away these things and what is your assessment of those two things in terms of evidence . Well, first, maria, didnt you and i also expect the case to go away when joe biden became president . I mean, who in america didnt expect the case to go away on hunter when joe became president. I think if theres an error here, its that we indulged or the committees have indulged too much this idea that theres Hunter Bidens business dealings and we have to figure out what if anything joe biden knew about them, what connection he may have had to them and i think thats just the wrong way to look at it. The right way to look at this is that joe biden was the business. Theres no business without joe biden. He could have shut this down in 10 seconds if he objected to it and yet it went on for years and years. Without him theres no business. Access to him is the business. And as you mentioned with our friend john turley before, and we also got this yesterday from the witness, the woman who was a top official in the tax division at the justice department. If you make payments to somebody by paying somebody close to them like a close family maam member,thats a constructive pao the person, thats the way the irs looks at it, thats the way the government looks at it. You cant get a security clearance in the United States unless you fill out a book length application where you have to lay out not only your own transactions and your own connections with people overseas, but all of your close family members because thats the way the government has always looked atist. Thats the way people get blackmailed. Thats the way that benefits get conferred from foreign powers to government officials. Its what the Intelligence Community worries about. I dont see why were continuing to talk about this as if it were Hunter Bidens business when you see 25 million going one way and no value coming back the other way. The only thing that is valuable is access to joe biden. Maria exactly. Yeah. And thats why from the beginning i said this is a joe biden investigation. Not a hunter biden investigation only. And the fact is, its laughable when the democrats say that joe biden doesnt have you any fingerprints on this because the whole business was joe biden. And were also seeing evidence of a coverup that the doj knew all of this and yet they still turned a blind eye but instead theyre doubling down on trump. One of your latest opeds asks the question did a judge go too nature new yorks civil case against trump. Tell me more about that. This is a family that built their empire in new york who were told they could no longer do business in new york because of that judges ruling. You know this, maria. Its a corporate Death Penalty which is very rare in the new york jus Justice System if you t to call it a Justice System but it you was just dropped on trump. Look, im not saying that its proper to do what the evidence indicates that trump did in the way of embellishing and overstating the value of his assets to get certain business benefits, but this is a case where the state did not produce a single victim, a Single Person who was swindled in a single transaction with trump. Evidently, they made every single bank payment they were supposed to make, they made every Insurance Payment that they were supposed to make, so you want to say that, you know, for overstating your assets that theyre ought to be a law against that, which there is and there ought to be some recompense for that, thats fine. But to put somebody out of business under circumstances where you cant even charge them with a crime in that connection and you havent proved that theres a single victim or business or Financial Institution that got swindled out of this, i just think thats so draconian. Its hard to square. Maria yeah. Its so draconian, youre right. Let me goat y get your take on , real quick. When you do an analysis of your properties a net worth, arent there auditors, Insurance Companies whose job it is to confirm that, to say weve done the work and this is what its valued at . I mean, you cant trust in business, you dont just trust the person who says this is what im worth youve got others outside voices who come in and say ive done the leg work and this is what the valuations are, right . Yeah, maria, thats exactly right. Were not talking about saps here, were talking about sophisticated financial actors who dont if you say im worth 2 billion, they dont say okay, well, if you say so. You know, they had want to see the fine print. Thats what were dealing with here. Maria yeah. Amazing. Andy, great to get your take on this. Please come back soon. Thank you, sir. Thanks, maria. Maria Andy Mccarthy joining us. Well be right back. Explore endless design possibilities. To find your personal style. Endless hardie® siding colors. Textures and styles. Its possible. With james hardie™. Is it possible to fall in love with your home. Before you even step inside . Discover the Magnolia Home james hardie collection. Available now in siding colors, styles and textures. 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Thats hundreds in savings a year when you wave bye to the other guys. All on the most reliable 5g network nationwide. You really shouldnt walk out the front door without it. Switch today at xfinitymobile. Com. Nice footwork. Man, youre lucky, watching live sports never used to be this easy. Now you can stream all your games like its nothing. Yes [ cheers ] yeah woho running up and down that field looks tough. Its a pitch. Get way more into what youre into when you stream on the xfinity 10g network. Maria oh, yes, that is the morning buzz. That was secretary of state Antony Blinken singing muddy waters, he helped launch the new music diplomacy initiative, it is to be used, using music as a diplomatic tool to, quote, ensure societal opportunity and inclusion and increase access to education. [laughter] maria no words. Im going to hold back here. Im not going to say anything. Todd, what do you think . Maria, i have no hobbies, all i do is my job and my family. I find when people do have hobbies, theyre not as interested in their job as they should be. All joking ahead. If you want to focus on giving underprivileged educational opportunities, maybe we put down the guitar and allow School Choice because that is the easiest, quickest and most Cost Effective way of helping under privileged individuals get the education they need, not whatever the School Unions are throwing out there, the teachers unions and not what this government things. It is proven time and time again but you are never going to hear a democrat playing a guitar or otherwise say so. Maria cheryl, with everything going on, our adversary in china surveilling america, you know, the state department should be focused on National Security. I dont know what this is about. But watching Antony Blinken play the guitar, im sorry, at this moment had in time its just not a good look. Our secretary of state as we have got multiple global issues were facing as a country and other countries that are thumbing their nose at us, yes, the chinese and theres also look at iran, look at whats happened with iran, look at whats going on with taiwan. I will say, though, in all fairness, i would rather watch him sing and play the guitar a than have to watch that awkward dance by Kamala Harris at that what was it todd . What was it called again . She was at the fat joe Freedom Works conference in miami. It was not good. That was worse. Maria youre right. That was worse. That was worse. Its pretty incredible what were watching. John, do you have any comment . Given the Foreign Affairs record of the Biden Administration, its not surprising that blinken is singing the blues. Nice. [laughter] maria good point. Yeah, good point there p. Its wild as this administration ignores or acts as if nothing is happening. Weve got the rest of the world laughing. Were going to keep watching this. But singing the blues, secretary of state Antony Blinken. When we come back the uaw strike is now in day 15 today. Fox business jeff flock is live from the picket lines this morning, in michigan with an upyou date. Well be right back. Rsonalized e from ameriprise can do more than help you reach your goals. Wow. We can make this work. It can help you reach them with confidence. No wonder more than 9 out of 10 of our clients are likely to recommend us. Ameriprise financial. Advice worth talking about. The first time you connected your godaddy website and your store was also the first time you realized. Well, we can do anything. Cheesecake cookies . The chookie manage all your sales from one place with a partner that always puts you first. we did it start today at godaddy. 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. About a cashew farmer from mozambique named carlos. Carlos lifted himself out of poverty with the help of techoserve. Go to technoserve. Org and see how you can support struggling farmers like carlos. Its a different way to make a difference. 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. Maria good friday morning. Thanks very much for joining us this morning, o hope you are having a good friday i am maria bartiromo. It is friday, september 29, 8 00 a. M. On the button east coast, the United Auto Workers expecting to expand, to day 15 jeff flock