Hush money trial is entering day 20 this morning as former Legal Advisor to Michael Cohen, Robert Costello will return to the witness stand today for cross examination. Judge merchan clashed with costello yesterday sending reporters out of the courtroom, threatening to hold him in contempt if he continues to, quote, stare him down during the testimony. Costello confirmed that cohen said trump did not know anything about a nondisclosure agreement payment to Stormy Daniels. Cohen also admitted he stole 60,000 from the trump organization. He said, yes, i stole 30,000. When you add it up with taxes it was 60,000. The defense team will likely rest their case today as trump calls for this case to be terminated because of the lies out of Michael Cohen, he said. Joining me is former Georgia State representative, former candidate vernon jones. Its great to see you this morning. I want to talk to you. You were in the courtroom yesterday with former President Trump and it really from what im hearing from people seemed like it was a pivotal day. Can you tell us what you witnessed yesterday . Well, maria, when i hear President Trump normally describe how corrupt the judge is in the morning briefings, you hear it but you dont know until youre in the courtroom. Being in the courtroom it was clearly obvious, this judge is biased, he hates President Trump and when i saw him rule against not only the president having a witness called, Expert Witness on Campaign Violations to explain to the jurors, something is not right here. 90 of the time he was ruling against the judges against the president s lawyers. But he really came unhinged with bob costello after he was trying to initially keep him from testifying but it was so limited in his testifying that it was frustrating to the judge when bob started sharing information on Michael Cohen, what Michael Cohen said to him, the judge became irate, the judge really started rolling his eyes at bob and then not only did he get the jurors to be removed from the courtroom, then he just went in on bob and then all of a sudden he said i want the whole courtroom cleared, not just as you mentioned the reporters. Everybody was cleared out except the lawyers and the defendant. It was an unhinged judge. Hes obviously very upset at the president. He doesnt want the president to get a fair trial. Hes trying to put the president in jail, honestly. Maria well, look, he said, and im reading a quote here from the reporters in the room as well, they said he said and then if you dont leak my ruling, you dont give my side eye and you dont roll your eyes, he told costello and he asked him, are you staring me down right now. Whats with the staredown . What happened there . Well, bob like all of us probably in the courtroom was frustrated because every time bob would try answer the defenses questions and he would get detailed about what Michael Cohen said, the judge became us frustrated because it was clearly painting a different picture of Michael Cohen to the jury and the judge did not want the jury to hear what bob costello had to say so he became eye staring, he was really upset with bob i was obvious and apparent and it was a sham. It was a kangaroo. Ive never seen anything like this in a courtroom in all my life. This judge stooped that low. Maria costello told jurors, quote, Michael Cohen said numerous times President Trump knew nothing about those payments, that he did this on his own and he repeated that numerous times. What happened in the courtroom when Michael Cohen was asked if he stole money from trump . That must have been an incredible moment. It was a gasp. It was like perry mason moment, clearly. On the stand and to say that or admit that he stole 60,000 which the defense attorney made sure so you stole 60,000, were not talkin talk were nt charged by the da, you got away with et it. It was a perry mason moment. It shows i Michael Cohen is inconsistent, hes unreliable and hes contradictory, hes not a believable witness. He is a slimeball. Maria he claimed that he paid 50,000 to a Technology Company for its work, artificially boosting trumps standing in a poll and then a he said he only gave the firm 20,000 and he pocketed the rest, 30,000, and then you tax it up, its 60,000. He said yes, i stole money from trump, i stole the money, he said it on the stand, right . Well, you know what, he could not deny it because they had all the proof but it shows right there, again, not only is he a liar, hes a thief. How much more has he stolen that didnt come out. That makes it more discredited. That made the judge feel very upset with the defense because they brought that out and they were bringing out more through bob costello and the judge did not want that information to come out. That the president had nothing to do or had no knowledge of a pay. Maria unbelievable. Let me switch gears and get your take on whats going on in georgia in your neck of the woods. Fulton county da fani willis and the judge from the trump georgia case are both facing primary elections today. Fani willis appeared on the Rachel Maddow show where she addressed calls for a state Oversight Committee to monitor District Attorneys across the state claiming its racially motivated. Watch this. This job has certainly made me closer to god because you have to go into prayer often. Georgia never had a prosecutorial Oversight Committee and all of a sudden 14 minorities were elected to office to serve as District Attorney and now all of a sudden they needed Oversight Committee to look after District Attorneys because they want to tell us how to prosecute and who to prosecute and where we should put our resources. As opposed to allowing the voters that put us in these seats to make those determinations. Apparently, we now need daddy to tell us how to do our job. Maria ill tell, fani willis, man, she is tough. She is currently under investigation by the Georgia State t senate over the use of taxpayer funds during her you affair with the former special prosecutor, nathan made. Maddow on the show didnt ask her about any of that, vernon. Your reaction . Maria, i wish i could have been on that show to debate the District Attorney. Sheafs out of fulton county. Theres been an africanamerican District Attorney there for the past 3 30 years or so. Distruck attorneys have gone District Attorneys have gone rogue before. Theres no oversight. It should have happened a long time ago. This is about her being incapable and having ethics issues. Can you imagine, District Attorneys answer to no one . In many states there are oversights over District Attorneys, because of they can just go rogue and not be held accountable to anybody and so that was just unwarranted. I wish i could have been there to debate that. Maria you were in the trump courtroom. How did President Trump seem to you . Do you think hes going to get a fair jury . First of all, i got a chance to spend some time with the president during the breaks as well. This man has the stamina and strength, its amazing, hes strong. You dont see him melting or falling apart. Hes funny. And hes direct and he was clead it is true that hes not getting a fair trial primarily because of the judge more than anything else. I looked at the jury pool. You know, its interesting. Theres not one black male on the jury pool. You would think in new york city you could find at least one black male. Theres one black female. Theres more asians than there are blacks, theres two the asians. Its mostly white male, mostly white female. We know the criminal justice system, it would have been helpful to the defendant but i think hes going to at the end of the day, its based on the instructions that the judge gives the jury. That would make that determination. Maria great to talk with you, thanks so much for sharing your firsthand experience there in the courtroom yesterday, vernon, thank you, vernon jones joining us this morning in georgia. Well be right back. Stay with us. What took you so long . Im sorry, there was a long line at the thai place. You get the sauce i like . Of course youre the man i wish. The future isnt scary. Not investing in it is. Nasdaq100 innovators. One etf. Before investing, carefully read and consider Fund Investment objectives, risks, charges, expenses and more in prospectus at invesco. Com maria welcome back. Time now for the word on wall street, top investors watching your money, joining me is citi head of u. S. Ebbing with which equity tradingstrategy, sec stun lonski. Macys and a lowes out with First Quarter numbers. Lowes Beat Estimates even as they said do it yourself customers bought fewer pricey items, stock is up almost 3 . Macys beat on earnings, missed on revenue. The stock is up right now. The company said its seeing early signs of moment momentum e turnaround strategy. Were looking at target and tjx tomorrow. The big story is nvidia after the bell tomorrow night, the ceo said the partnership with dell will spread artificial inthe intelligence to a wider range of customers. Im reading a note from thomas lee. He said its arguably an understatement to say nvidia is one of the most Important Companies in the world given chips are central to powering a. I. He said usually people think once the news is out the stock sells off a. Theyre expecting a post rally after eps on wednesday night. We think probabilities favor a rise in nvidia stock price post earnings wednesday. Even with the lofty expectations, your thoughts on what to expect from nvidia the. The analyst might well be right. Nvidia has a dominant market position in a very rapidly growing industry. How could you go wrong . And if we do have a rally in nvidia stock following the release of their earnings, thats got to be a positive for the overall market get. Maria yeah. I mean, theyre also telling clients that they feel thats true for the Broader Market as well, that we expect a broadening of the equity rally as we move through may. Stuart, it used to be sell in may. Tom lee is telling people to buy now. I want to get your take on commodities, stuart. Look at whats going on for things like gold, silver, copper, across the board, nickel, commoditys rally is continuing. This morning gold is pulling back a fraction but its at 2,446, copper, look at copper, up another half a percent. Gold touched a record high yesterday, copper is hitting new highs, silver is near 12 year high right now, copper is up half a percent this morning. Silver is down, but its near the highs, stuart. What do you think about the run in commodities. Its a great question. Commodity strategies is generally pretty positive, copper included. Copper is probably the most interesting part from an Equity Perspective just because its much more growth sensitive, i think some folks are trying to translate a. I. Power demand into more demand for copper and you have stimulus out of china so the copper story is more positive for equity markets, Higher Oil Prices a risk from inflation and geopolitical risk. Gold, a little bit of a wild card. Some of that is folks worried about inflation. Some of that is folks worried about dollar stability and things of that nature but were generally positive, the commodity complex. I think if youre an Equity Investor its the copper side of the ledger you want to be most focused. Maria you mentioned the power demand. People mention the data centers, i have one note talking about that, equity research, a. I. The over arching theme in the market today and the power is potentially the bottleneck. When you look at data centers and demand theyre going to need for things like copper, thats partly whats behind this, right . Yeah. I think thats a big part of it. Its demand for a. I. Power generation, the ev rollout also requires you to upgrade the grid and generally i think the grid most people view has been underinvested for period of time so the 30 pow p power generatio, many reasons why people are bullish copper. Maria any thought on earnings with nvidia tomorrow night. Ini hvivid ya one of the moe Important Companies in the world. Its viewed as a payroll or cpi print in the u. S. , hugely important. Maria it could be a big market mover. Jp morgan, lets talk about that, john, because jamie dimon, chairman and ceo, said retirement is getting closer. He said that yesterday. The quote is, the timetable is not five years anymore, said jamie dimon. I asked him about his expectations for a successor on this program back in january. Watch this. You have led jp morgan masterfully, you really did, congratulations to you. Youve got three, four more years on the contract. Of course you think about succession. Do you have in your head who you know who you would like to have as your successor, do you know . No. I think first of all, its a board decision. But i think the board has in its mind five people that they would or six that they know are the ones that can do it, are very quality and we think about it like every day. Maria well, theyve been talking about the two women, one running the consumer space, john. I dont know how soon this is happening. Jamie didnt say. He usually dont go there and he went there yesterday. What do you think . Whoever takes the place at jp morgan has some very big shoes. Maria big shoes. Yeah. A lot will be expected of them. I want to add one thing. Jp excuse me, jamie dimon made an interesting comment yesterday and that is when he was asked about his view of the economy and Business ActivityGoing Forward, he said that he was cautiously pessimistic, not cautiously optimistic. So that tells me that even though jp morgan still expects a soft landing, the risks Going Forward are very much to the downside because we havent seen the end of the stay by rapid inflation and higher Interest Rates. Maria thats spoton. Hes been saying that for a while, very cautious as the market can rallied and the economy has performed better than expected, hes been certainly cautious if not down right negative. Stuart, any thoughts on the macro story . Yeah. I mean, i think the story out of jp morgan was possibly net positive, net interest income, jp morgan i think most bank ceos have been cautious about the economic outlook. Theres not a ton of new news but it is important, i think. Maria all right. All fair points. Great to see you, gentlemen. Thank you. Stuart, thanks for joining the conversation. John, youre with us all morning, we appreciate that. Youll hear more about the the markets in my interview coming up with jeffrey gunla ap. He talked about the macro story, the fed, and well talk about that coming you up. Quick break, congressman dan meuser is here, hell be in the courtroom today with President Trump on day 20 of the president s socalled hush money trial, what hes expecting to hear after the break. Youre watching mornings with maria live on fox business. Stay with us. luke this will be a gold mine of local intel. Just you wait. marci right. So, tell us about this corn festival . stylist 1 oooh you got your corn pudding. You got your corn chowder. marci so. Is it safe around here . stylist 2 sometimes. luke if a family of eight were to need a cold plunge, where would they find it . stylist 1 . And then they dip it in butter, then bam, it goes right in. stylist 2 . Really cute vampire bar. stylist 1 the reverend does like a blessing on the corn. luke donut shops. How far from here . marci no eyebrows . luke think of how light itll feel in the summer. Weve got to run. Eleven thousand more neighborhoods to go vo ding dong homesdotcom. voya there are some things that work better together. Like your Workplace Benefits and retirement savings. Presentation looks great. Thanks thanks voya provides tools that help you make the right investment and benefit choices so you can reach todays financial goals. That one and look forward, to a more confident future. That is one dynamic duo. Voya, well planned, well invested, well protected. And theyre all coming . Those who are still with us, yes. Grandpa whats this . Your wings. Light em up gentlemen, its a beautiful. Day to fly. Maria welcome back. Former President Trump back in a new york city courtroom this morning. It is day 20 of his socalled hush money trial. Ex attorney Michael Cohens former Legal AdvisorRobert Costello will return to the witness stand for cross examination today. Yesterday costello confirmed that cohen told him trump did not know anything about a nondisclosure agreement payment to Stormy Daniels. Cohen admitted he stole money from trump, he admitted to stealing 60,000 from the trump organization. Joining me now is pennsylvania congressman dan meuser. Congressman, thank you for being here. I know that this morning youre going to be going down to that courtroom, youre going to be there with former President Trump to show support. Have you spoken with him yet . Can you tell us what youre expecting . Hey, maria, great being with you. Well, were expecting a little bit more of a circus, i guess, right . I mean, what went on yesterday was in fact, thats an insult to some clowns. Cohen just proved to be along with being a liar and being guilty of tax fraud, bank fraud, hes also a thief. He admits stealing tens of thousands of dollars. Look, this whole trial is just really sad, if you really get down to it. I mean, talk about undermining democracy. They love talking about how theyre all for democracy. I dont think theres anything more than weaponizing our Court Systems and having a president ial candidate accused of you all kinds of frivolous crimes. By the way, what is the crime hes actually accused of . Is it fraudulent Campaign Donation . Is it Record Keeping . I mean, theyre asking for dismissal because they really have not yet defined the crime. Lets look at the players. Come on, the judge donates to joe biden, his daughter is a big player that used to work for kamala harris, bragg ran on for District Attorney getting trump and his largest donor is george coros. If soros. If you write this down, be put this on paper, you see its a Kangaroo Court situation and a real undermining of democracy and j just outrageous. Fortunately the American People see it that way. Maria some of the reporters reporting from the courtroom yesterday said the judge was trying to keep Robert Costello focused on one part of the testimony, saying Something Like we dont want all a this extra stuff, were not going to have a trial within a trial. I think was the quote. But he was perfectly fine having Stormy Daniels up there, right, giving us salacious details of this sexual encounter she claims she had with trump and there was no limit your testimony there from judge merchan the way it was with costello yesterday who was basically undermining Michael Cohen. Its such buyas. You know what bias, you know what else to add to that. The fec board member, chairman of the fec, states he cant figure out how this is trying to be accused and prosecuted, they wont let him testimony. The saying with District Attorneys, you prosecute a crime, not a person. This is entirely about a prosecution of a person that was targeted and it was a crime, an accusation, a prosecution in search of a crime. Maria so they got their guy. They need to the find what the crime was. They got their guy, though. They have to find out if theres a crime and where the crime is, right . Meanwhile, congressman, the white house releasing this memo titled as President Biden p fights against corporate price gouging, maganomics sides with it. The white house is claiming that bidens top economic priority is fighting inflation and lowering costs and they blame major corporations for overcharging the American People, despite inflation falling from the highs. Buy den singled out biden singled out Grocery Stores claiming the grocery ceos are making record profits and hes urging them to finally pass savings onto consumers. I asked John Catsimatidis about this. He owns two supermarkets. Heres what he told me this weekend on maria bartiromos wall street. Watch this. He doubled the price of oil by shutting down the pipeline, by shutting down extra production in the united states. He doubled the prices. So what happens when you double the prices of gasoline . You double the price you increase to deliver food to the stores, you need diesel fuel, you need gasoline. That increased the price of food. And so the price of gasoline doubled. The price of food is up 40 . Then what happens . The price of Interest Rates have gone up. The 30 year mortgage is over 7 . I mean, bidenomics doesnt work. Maria so there you go. And yet biden is blaming him and all the other owners of grocery he owns takin dagastinos. They write bidenomics would set off an inflation bomb, an inflation spiral, where it went up over 9 . I put this in energy terms, gas backwards. John catsimatidis lives in the real world. If an eighth grader submitted a paper on commission and said this caused on economics, and said this caused inflation, they would get a c or c minus and they would get a grade like that because they know they have a future as a disinformation director of the buy deafen administration. Thats the Biden Administration a. Thats the most backward thinking, having no understanding of capitalism, no understanding of free markets, no respect whatsoever for the competitive marketplace and you have somebody like u. S. Senator bob casey running adding saying this is the fault of this is the fault of excessive spending and what John Catsimatidis was saying as far as driving the assault on american energy. Maria President Trump thinks he has a shot in new york and new you jersey. Does he have a shot in pennsylvania. Absolutely. There is so much biden remorse. Hes done anything near being a uniter, calming the waters, hes nothing but a divider. He failed his base. Its the low income people that are paying the prices at the pump, whose inflation has far outweighed the wage increases. They are feeling it every single day with groceries and gasoline and theyre not going to forget it come election day. Maria were going to be watching you in the courtroom today. I hope youll tell us what you witnessed. Sounds good. Maria when youre up close and personal there. Good to see you as always. Thanks, maria. Maria dan meuser in new york this morning. Quick break and the founder of double line capital jeffrey gunlock is here, hes up after the break. Youre watching mornings with maria live on fox business. Stay with us. So, what are you thinking . Im thinking. speaking to self about our honeymoon. What about africa . Safari . Hot air balloon ride . Swim with elephants . Wait, can we afford a safari . Great question. Like everything, it takes a little planning. Or, put the money towards a downpayment. On a ranch. In montana. With horses lets take a look at those scenarios. J. P. Morgan Wealth Management has advisors in chase branches and tools, like wealth plan to keep you on track. When youre planning for it all. The answer is j. P. Morgan Wealth Management. Do you have a Life Insurance policy you no longer need . Now you can sell your policy even a term policy for an immediate cash payment. 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We have a market that is mixed. Dow is up 9 points, nasdaq down 9 points, s p 500 flat, up 1 andahalf. Its been a good years. Markets across the board higher this year in 2024, the dow industrials up 5 and two thirds percent, s p up 11 and a quarter percent, nasdaq up almost 12 are yeartodate. I spoke with the founder and ceo of double line capital, Jeffrey Gundlach, on his investing priorities this year. The outlook for the federal reserves path to an Interest Rate cut. Watch. I feel theres a little bit greater chance of two rate cuts now because Economic Data has gotten very soft in the past month. Its weird how the economy changes. Year end, december, the betting was seven rate cuts priced in the market which seemed absurd. Maria it did. You would have to cut all the time. Then that reversed a lot. The price of oil going up had a lot to do with it and the price of oil going up in energy led to higher cpi readings than were expected. If you look at the components of the inflation rate, youve got whats really driving things has been Auto Insurance and shelter. Things like this. In most recent readings, used cars were negative by a significant amount on a year over year basis. The thing is, the thing is, who not all these things are really comparable. Used cars, what percentage of the population does used cars pertain to . I know it pertains to big rental Car Companies that buy and sell them out but what percentage of the population is affected by used car inflation on a personal level . I dont know. Single digits. Maria right. What about Auto Insurance. Well, youre forced to buy atoe insurance. And Auto Insurance and you have to renew it every six months. Maria thats going to affect a lot of people. Thats running up about 20 of year over year and six months annualized. What about Homeowners Insurance. Homeowners insurance is way up too. You dont have to have, by law, Homeowners Insurance but most people for peace of mind, they dont want a catastrophe in their lives. These are things that are up tremendously. Maria these are essentials, food, fuel and shelter. I wonder why we havent seen a bigger impact from the 11 rate hikes because people say oh, the economy is fine, then we see everyone using buy now, pay later, tapping into credit cards, weve seen three months of hot inflation. Do you think that maybe we it takes more of a lag than we even thought because. Yes. Maria you were expecting a recession. I think it was very difficult to map over prior cycles to the last couple of years because of theits not so much the Monetary Policy which was quite redes restrictive, ale hikes. The fiscal policy. The fiscal policy, the m2 prior to the lockdowns and so forth was growing like this, very steady pace and then all of a sudden here come the trillions. Maria do you think we will see a recession . Of course. Of course. Maria this year . Hard to say. Maria this year or next year . Sure. I think the data thats come out is quite concerning over the past week. I mean month. A month ago, if you subdivide the economy into six or seven major sectors, all of them were experiencing positive growth. All of a sudden in those same numbers this year, more are negative than positive and the positive ones are less positive. So, yes, i think that the lifestyle adjustment that was allowed by all of that money printing got people to a lifestyle that they decided they werent getting checks for the government but they were willing to put it on a credit card and those credit card bills are really starting to add up. Maria i think were spending a trillion dollars every 10 days, borrowing a trillion dollars every 100 days. A trillion every 100 days. Maria how is that possible . And why arent markets focused on the debt and deficits. You talk about it. Theyre starting to get focused on them and i think that higher for longer is going to lead to a recession. What higher for longer is about, youre not going to take out youre not going to take out tesla necessarily. They might have other problems, its not because of Interest Rates. What you take out is people, small business, medium businesses that used to borrow at 4 on a 90 day revolver. Those have rolled of 11 times to higher rates. So theyre now not at a 4, theyre now up at around 10 is what theyre borrowing at and every time, every month, ever quarter that youre paying that sort of a rate, it eats into the cash position. Youre going to take some of these companies. Maria this is an election year, obviously. I wonder how that plays into your thinking. On the one hand, i think treasury secretary janet yellen is setting these auctions up in a way that keeps rates low and stocks high going into the election. On the other hand, were seeing polls out there, are markets starting to get more comfortable with the potential change in policy after november . Would that be good in terms of a change in policy, less spending, perhaps change in china policy. Youve got a lot of policy i want to talk to you about. Im not sure that theres a record that would say that trump coming back to the white house would reduce spending. He was kind of on the same path, although he didnt do he probably wouldnt have done the absurd 2022 money printing. That really the 2021, 2022 is really what sort of killed everything. But i think it would put together something he would have policy. Maria and less regulation. Yes. Less regulation. Maria right. And certainly more energy production. I think thats right. But the problem with the Current Administration in my opinion is that there really isnt a policy north star. It seems to be that the opinions change and that policies change depending upon whether an issue polls at 55 or 45 . And i think people are realizing this. This back and forth on the energy policy, the back and forth on the mideast policy, the claim that the borders secure, now its not secure, all of these things, i think people dont like being gaslit and i think the reason that the popularity, the Favorability Ratings of the Current Administration, Vice President , the president , are at 40 or lower is because people dont like the fact that its vacillating. Its based on how well something is polling. I know all politicians do that. This is pretty blatant. Maria we keep seeing this as a result and thats why the polls are moving the way they are because we keep seeing everything is about the polls. Where is your north star . Lets talk israel policy for a moment because for weeks this administration was telling us we have an ironclad support for israel and then they withhold weapons in the middle of israels fight for survival. The policy that theyre trying to pursue regarding israelhamas i use this analogy frequently, its like the administration has one foot on the dock and one foot on the canoe. And they keep drifting further you apart. Maria not good. They keep parsing it to try to thread the needle thats ever narrowing. So it was ironclad but im also yes, i condemn the october 7 attack. I also condemn people that dont understand palestinians. Then we go into yes, we want them to destroy hamas but dont go into rafah. Theyre not consistent. Theyre mutually exclusive. You cant have it both ways. Its an attempt, again, to pars these fine points and yet theyre ultimately contradictory. When you have one foot on the dock and one foot in the canoe, youre going to get wet. Maria weve got more coming up with Jeffrey Gundlach. Interesting to hear him talk economic as well as Foreign Policy there, john. Yeah. Its a great interview. You get the impression that according to gundlach, the Current Administration a is simply a ball of confusion, they dont know what they want. On the one hand, they want lower gasoline prices but on the other hand they want to restrict drilling for crude oil. Theyre going off in different directions. It makes no sense. And the American Voter is tired of this. Maria yeah. On the inflation front, lets be honest, that if inflation maintained its pace of the trump administration, right now prices would be about 15 to 20 lower and because of this, because of this rapid inflation. Youve got a 30year mortgage yield just over 7 , back when trump was president that 30year mortgage yield was 4 and a quarter percent. Maria thats a great point. And a we got into lots of subjects in part two of my interview with Jeffrey Gundlach, we are going to cover commodities. I want to point this out because it was something that was a highlight for me in that interview, cheryl. Hes made a big change in the last two weeks on commodities. So were going to tell you about that when that part two comes up with Jeffrey Gundlach on friday. I thought it was interesting as well, too, when he was talking about the debt and the fact that wall street you asked him, why has the street not really paid full attention to the debt that this nation is sitting on, a trillion dollars every 100 days. That is were so numb now to these staggering amounts of money thats being spent by this country but also the fact that the market is still ignoring the red flags. Hes not. But the market is. And at some point the chickens are going to come to roost, maria, we know that. Maria monica, you watched this for years. Markets, they dont care about debt and deficits until they do and then theres a fast cycle and its too late. Yeah. And we are going to hit a wall sooner rather than later, right . The laws of economics are pretty hard and fast and theres no getting around it. And i thought it was very interesting that he said we are going to head into a recession and you said this year or next year and he said i dont know the timing but it is going to happen. So the next president , likely to be President Trump, is going to have a very difficult Economic Situation on his hands to deal with. Maria and hes cautious the way g jamie dimon has been you cautious as well. Join me for the second part of my interview with Jeffrey Gundlach on friday, join us as we cover commodities and other of moves hes making in the portfolio. Well be right back. Stay with us. Daughter hey, dad. Dad hey, sweetheart. Daughter what are you doing . Dad im gonna clean the fence. Daughter its a lot of fence. Dad you wanna help me . Dad aim at the wall, but get closer. Daughter gasps what the . daughter alright. Dad side to side. When you work with someone who knows a lot and cares even more. You can do this. Youre unstoppable. Wow. Are you kidding me . You can do this. At truist, we believe the same is true for banking. A slow network is no network for business. Thats why more choose comcast business. And now were introducing ultimate speed for business, our fastest plans yet. Were up to 12 times faster than verizon, at t, and tmobile. And existing customers could even get up to triple the speeds at no additional cost. From the company with 99. 9 Network Reliability and advanced cyber security, its ultimate speed for ultimate business. And its all from comcast business. Maria welcome back. The fdic chairman agreeing to resign after widespread Sexual Harassment was exposed at the fdic. Cheryl casone with details now. Cheryl. Thats right, maria. Martin greenberg is resigning after an investigation revealed widespread Sexual Harassment. Greenberg confirmed he would step down, spending a successor being chosen. Fdic vice chair travis hill will step in a as the interim chairman. President biden is expected to choose a new chairman soon. The white house did say that, greenberg said he would continue to fulfill his job duties until a replacement is found including the transformation of the fdic workplace culture. The head of americas Biggest Companies breaking salary records last year. Half of executives made at least 15. 7 million a year, thats a new record. Most of that due to stock awards. Most of the ceos received year over year raises of at least 9 as well. A quarter of them received 25 raises or more. The highest paid ceo in the report coming in at 162 million per year, followed by Palo Alto Networks 151 million and then blackstones Steve Schwarzman making 120 million. Elvis presleys graceland mansion will be auctioned off this thursday, this comes after the late Lisa Marie Presley used the property as collateral against a loan which she allegedly defaulted on so elvis granddaughter filed a lawsuit saying the sale of the properties is fraudulent. Sources telling the New York Post that shes, quote, traumatized and a never thought the property could go into the hands of a stranger. Elvis bought graceland in 1957. Lisa marie inherited and opened it as a museum back in 1982. Great place to visit. All right, this. Former President Trump is going to be in the bronx this thursday for a Campaign Event and it could get fiery. Left leaning aca testifyists are planning to disrupt the event at the park. A democratic assemblywoman said she doesnt want trump to go unchallenged in the borough, saying trump is the antithesis of what the bronx stands for. Trump expressed confidence he could flip the bronx, the bronx did not look like it did in 2020. That borough is very, very different now, thanks to high crime and influx, a crush of migrants especially in that area. Maria yeah. Just like brooklyn, just like staten island, you know, just like new jersey, i mean, cheryl, who was the democrat congresswoman who said was it she said get in their face, you see trump and trump supporters, get in their faces. I mean, maxine waters. Maria maxine waters, thank you. Here we have another democrat here saying dont let him go ununchallenged. They want activity, they want activism. Theyre planning on doing it. This could get ugly. Who will come to the rescue . Oh, the nypd again. Again. Maria wow. If they can or do they defund the police too much, john . Oops, monica, right . Monica, i he mean, we wanted to defund the police they were saying for years and years and now what . Yeah. And now of course when the crap hits the fan the first phone call they make is to the nypd. Of course. Look, President Trump is chained to new york city with this stal. Alinesque show trial. He went to a bodega. He was surrounded by thousands of people in new york estimate he went to the construction site, the workers coming out to support donald trump. Now hes going into the south bronx which is traditionally the deepest blue area in the country, but as as cheryl points out, you know, because of the changing dynamics and all of the failures of left wing policies, that district now might be taking a second look at somebody like donald trump. Keep in mind the democrat congressman in this district is Richie Torres who is very proisrael and has some more moderate positions here so this event is not strictly going to be a donald trump semirally. It is going to be a buy part n n event that could actually gain trump real traction here in new york. Maria by the way, talking about new york, okay, the New York Post in an editorial writes this, new york city crime wave continues, 21,000 plus shoplifting complaints in 2024 so far. Due to lefty policies, cheryl. So you want to move to the bronx, you say doesnt look like what it used to look like. None of these boroughs do anymore. Well, i just say that because in particular i know that borough and those neighborhoods there have been the worst hit. I mean, it is just its every day theres a shooting, every day. Its horrible. Maria it really is. Well take a break. When we come back its day 20 of former President Trumps socalled hush money trial. Alan dershowitz had a front row seat yesterday. Hes heres to tell us what he witnessed. Youre watching mornings with maria live on fox business. Well be right back. Your record label is taking off. But so is your sound engineer. You need to hire. I need indeed. Indeed you do. 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