Transcripts For FBC Maria 20240703

From the fox studios in new york city, this is maria bartiromos wall street. Maria happy weekend to all. Welcome to the program that analyzes the week that was and helps position you for the week ahead. Im maria bartiromo. House republicans moving forward with their impeachment inquiry into President Biden and his business deals with his son hunter. The first hearing is set for next thursday. Hunter biden has always been very involved in the government, and thats something that joe bidens lied about continuously, the press corps continued to take joe bidens word on that when theres overwhelming evidence that hunter was involved in lots of different policy decisions, and he was selling the brand. Now were moving, and youll see this next week, towards the bidens personal bank account. Maria and thats Oversight Committee chairman james comer. He now reportedly has received access to 14 emails concerning thenvice President Joe Biden from the national archives. Meanwhile, a new poll shows half of american voters, 48 , believe President Biden definitely or probably broke the law in regards to his sons business deals. The number is even higher among registered independents. Joining me right now is Senate Judiciary Committee Member Marsha Blackburn. Senator, thanks very much for being here. What is your takeaway from the Merrick Garland testimony this past week . The testimony was astounding. Maria, it was he heard nothing, he saw nothing, he wrote nothing, he didnt know anybody who had talked to 9 11 else that was anyone else that was involved in the white house. He had no recollection of any conversations that had taken place. It was astounding to hear him is say this. He either is inept, or he is lying. Youve got one of two decisionses you can make on this because no one could be running and in charge of the u. S. Department of justice and not have heard anything. It calls into question what they are trying to cover up. Why are they trying to hide the ball . Why are they trying to kick the can . Why are they not wanting to answer these questions . And, maria, theres a great country song, its called the hole. And the message of the song is when youre in a hole, stop digging. And when you hear testimony like Merrick Garlands, you know this is inaccurate, and you know with all of the conversation and the whistleblower and the Money Movement and the accounts and the emails and the testimony, it says could that could what he is saying really be accurate. Ask and most people say, of course not. He knows more than hes admitting, and he has done more than he is admitting. Maria its just extraordinary. Well be keeping a spotlight on that. Meanwhile, this weekend is really intense. In washington were inching closer to a Government Shutdown that could delay any further a house investigation into joe biden with less than a week away from that deadline to keep the government funded. House speaker Kevin Mccarthy sent some in Congress Home this weekend because of the jewish holiday after a group of republicans derailed the plan to move a key spending bill forward. Are you concerned about a Government Shutdown at this point, and what do Senate Republicans think about all this . Senate republicans have finished all of our appropriations bills, and theyre ready to go to the floor. We would like for the house to begin that process of serving us a c. R. To keep the government open and functioning. And, maria, the house members should want to stay on track with their investigations. Theyre investigating garland and and mayorkas and hunter biden and joe biden. If you shut down the government, you cant continue that. So this is a walk and chew gum at the same time exercise. You have to keep the government open. You have to be reducing spending in the process. And nobody benefits from a Government Shutdown except federal employees who get a paid vacation. Maria wow. Well, look, i know that there was some Common Ground on securing the border, and thats one of the other major stories of the week. Customs and Border Patrol confirm that border encounters have now hit an alltime, new record high after this shocking day last week, 10,000 migrants crossed into the country and were ap apprehended in just a is single day, 10,000. Bidens e Homeland Security is flying 200,000 migrants directly to 43 u. S. Cities across the country. Is it your city . Is it my city . What is going on here, senator, and what can you do about it . I know that Governor Abbott has said his state is being invaded, and i had some tennesseans last night that said asked me, when do we start calling this an invasion . 0,000 a day 0,000 a day. 10,000 a day. Since biden took office, 7 million, a population equal to the size of the state of tennessee, maria, and how long can we sustain this . Joe biden and i applaud the house for putting h. R. 2 on their c. R. Proposal. We need to get that passed, and this Administration Needs to abide by the law. And they need to secure that border. We dont know how long we can sustain this. Youve got people from 176 Different Countries presenting at the southern border, cartels are global organizations. The Chinese Communist party is sending people, it a appears, and you have that has increased over a thousand percent, over 18,000 chinese nationals presenting at our southern border. Coming into this country. Maria, they have got to secure that border. And and a lot of people are beginning to say send the military to the border and how are we going to do this. Youve got to have some action there. We cannot sustain this. Maria well, the Chinese Communist party would have their military there in three seconds. I spoke with mark green, the chairman of the house Homeland Security committee this week, and he said this is all being directed by xi jinping. Hes actually sending militaryaged men into america to settle here til hes ready to give them the directive to be a saboteur. So is that the point here . Do you believe that as well . Who knows what they can start wildfires, i mean, i dont know. Yeah. Well, we do not know who is coming in, and we do not know their purpose, whether theyre coming from the Chinese Communist party or any of the other countries. The point we need to focus on is the cartels are running the border. Maria yes, thats right. They are working with the chinese op fentanylment on fentanyl. And we need to make certain that while the cartels are running that Southern Side of the border, we have the resources at the border to protect our border and to protect our country and to know who is coming in here. Now, weve talked about those applying for asylum. But, maria, what about the gotaways . Youve got thousands of em. Maria yeah. Ive got on my desk somebody from cuba, their passport and their national id because they dropped it. They come into the country, they get a new identity. This administration is trying to make illegal legal. Theyre now going to give special consideration to a half million venezuelans, give them theyve got a proposal to give thems. Maria, whats the next thing ids. Whats the next thing, give em drivers licenses . Let em vote . We cannot sustain this, and we have to have order at the southern border. Maria yeah. All right, well be watching you work on this, senator. Great to see you, thank you. You got it. Take a care. Maria Marsha Blackburn joining us in tennessee the. Hunker down and save your pennieses. Piper sandlers chief global economist nancy lazar is out tourists tourists that turn into scientists. Tourists photographing thousands of miles of remote coral reefs. That can be analyzed by ai in real time. So researchers can identify which areas are at risk. 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Were just now approaching that period here as we move into the Fourth Quarter of 2023. And, indeed, the Unemployment Rate has already ticked up, and youve seen already a shift down in Payroll Employment gains. And things will continue to deteriorate. First, why have they deteriorated . Because the fed has been in a tightening cycle. In addition, bond yields have increased dramatically, and thats going to start to hit housing more clearly along with capital spending. Third, you have now, as you mentioned, backup in oil prices. Last fall we had a reprieve with Oil Prices Moving down helping to support the economy earlier this year. Now oil prices are moving back up. And then fourth, last but not least, things are very aggressively tightening lending standards banks and whenever they tighten aggressively, youve always had a recession, not a soft landing. We call those things leading economic indicators, obviously. And you dont think theyre going to work, then with these leads 1224 months, we do start to see further deterioration. So, yeah, we think the un34r0eu789 rate is going to move up toward 5. 56 as we move through 2024. Maria nancy, what about the other issues on the sidelines here . We are looking at the potential for a Government Shutdown thats looking more and more likely because they cant agree on funding levels. Youve got the united autoworkers strike which, of course, turned nasty even if they did see some progress. Thats ongoing. What are your thoughts . So we are expecting the recession actually to become more apparent as we move through the Fourth Quarter and those two events that you mentioned could be, you know, tipping points. The economy is becoming more fragile, and the last thing we need now are more layoffs that are being prompted by the strikes were seeing in the auto industry. In addition, companies are going to struggle if the government shuts down. We know that very clearly because of the lack of funds. And so, yeah, these two things could be tipping points causing the economy to deteriorate maybe a little sooner than what a were forecasting. We think itll be later in the Fourth Quarter, november, december when it becomes clear that were moving into recession, but absolutely, these are two new headwinds. Maria so look ahead to the Economic Data next week, the gdp, the pce index, the feds favorite element on inflation. Your thoughts. Well, the consumer is starting to detier rate, and youre seeing it not just on the good side is of the economy like cars and clothes, youre also seeing it many hotels and restaurants. Its starting to cool. We see it very clearly. Thats been august data. We also have timely data here in september, and our september foot traffic data is clearly rolling over at a time when Consumer Confidence is depressed. And so on one hand, the data that were going to get particularly through gdp is going to be old news. The Consumer Spending data that, inflation day that will be incrementally new news, but we see things start to shift down and also here in september were seeing even more weakness. On inflation, our view there is that inflation is sticky as a reflection of a lag effect of the massive amount of stimulus that the government both monetary and fiscal policy put into the economy. So maybe you get an okay reading in august, but we dont think were out of the woods when it comes to potential risks from higher inflation. Maria yeah. Weve got elevated rent, elevated food and energy, certainly. Nancy, its always a pleasure. Thanks very much. Thank you. Maria nancy lazar joining us. The new movement at the top of whos gaining ground ahead of the president ial election. Is anybody cutting into president trumps faraway lead . With less than a week until the second debate. 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Oh, and all on the most reliable 5g mobile network nationwide. Wireless that works for you. Its not just possible. Maria . The second republican primary debate now just days away. These are the candidates that have qualified for a spot on the stage next wednesday night. Right here on fox business. If our latest fox business polls show former President Donald Trump still has a commanding lead over all the other gop contenders. However, nick key haley has seen a boost in her numbers since the last debate. Now shes beating both ron desantis and Vivek Ramaswamy. In her home state of south carolina. Im joined right now by ron desantis surrogate pete snyder and Vivek Ramaswamy surrogate ben yoho. Gentlemen, good to see you. Thank you so much for being here. I want to get your take on how your candidates are a preparing for this debate and what will be most important. Pete, kick us off. Well, look, ron desantis has been winning his entire career. He has more wins in more races than anyone else on that debate stage. And if you look at the metrics on how we measure how people are doing in this president ial race, we do it by fund raising. Hes beating everyone including donald trump and joe biden when it comes to fund raising. And and your viewers, maria, fox news viewers said and the rest of america that he won the first debate. So i think hes going to come in comfortable, hes to going to come in fighting, and hes going to be our nominee. Maria okay. Ben, your thoughts on vivek. Yeah. Vivek ramaswamys excited for next weeks debate. Hes focused on continuing to introduce himself to the american voter. A third of the republican electorate still is unaware of Vivek Ramaswamy and what he stands for, and so were looking forward to the debate stage to continue to introduce vivek is and his policies. Hes the only outsider on that debate stage running against a bunch of career politicians and, frankly, quite a few Prison Guards of the past. Were looking at the new Republican Party is and what that means, defining what it means to be an american in the year 20 to the 23. Maria well, i want to talk about policy and how we are going to get america back on track because there was a lot of support for ron desantis at one point, pete, and yet he seems to have Trouble Holding on to it. The campaign seems to have stalled. Why do you think that is . And what is the most important issue that he thinks will get america back on track . Sure. Maria, you know, if you look at the metrics on how this race is measured, its based on how you do in iowa, how you do in and how you do in south carolina, and then the rest of the states that follow. And the key to all of this is iowa. Ron desantis has the most momentum going into iowa. He has the best operation over donald trump and any of the other candidates. My other candidate in this race would want to trade places with ron desantis in iowa right now. So i expect that hes going to win iowa, hes going to come into New Hampshire with a head of teem. History proves of steam. History proves that you get a major bounce coming out of iowa, and hes going to be well on his way to the nomination. When it comes to policies, republicans want a proven fighter, and thats what ron desantis has done his entire career. Thats what he did in florida. And when given the opportunity to drain the swamp, he actually will. When given the opportunity to fix immigration and build the wall, he actually will. He wont be fighting with the cdc and fauci, he would have fired him. Thats why he saved tens of thousands of Small Businesses across america and florida was seen as the beacon of Economic Freedom for the entire country. Maria yeah. Well, look, theres definitely the Economic Issues that are front and center for voters, but there are other things as well. For example, ben, i know vivek is a businessman, and he has good ideas on getting inflation down and insuring that we have, you know, a strong and stable economy. But what is he going add to do about Foreign Policy . What is he going to do about the politicized Government Agencies . We saw Merrick Garland testify this week and say he didnt remember or recollect anything. Can vivek actually move the needle on that . He can, and i first just want to disagree with pete. Im not sure this is anyone in this race that would like to have ron desantis place on that debate stage or their position in this race you wouldnt take the win, ben . Youre the campaign manager. You wouldnt take his operation in iowa over what you guys have right now . Any day of the week. No, i wouldnt. I actually would probably lose my job. Ron desantis never back down has spent over 20 the million and has gone down 20 across the board nationally ben, he has more endorsements in iowa and more support in iowa, three times the support that you guys have. Thats crazy. Its crazy that we think that ron desantis e is in a position to win this. Vivek ramaswamy s drawing 20 of the folks showing up at his events are arent registered republicans. Theyre not registered. We have ignited a Grassroots Movement across this country of people that are fed up with the politics of the past that are focused on reviving our National Identity thats both here at home when it comes to our economy, securing our border and, maria, to our your to your point, Foreign Policy and shutting down the Administrative State that has crippled our country that has allowed corruption to run rampant that corrupts, frankly, not just our domestic policy, but our Foreign Policy. Maria all right. We will be watching, and well certainly be watching your guys on the debate stage next week. Thank you, gentlemen, ben yoho and pete snyder. Be sure to tune in wednesday night at 9 p. M. Eastern right here on fox business. First though, ive got one important thing you sfx stone wheel crafting the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. It still does. What can you do with spy . Teeth sensitivity is so common. It immediately feels like somebodys poking directly on the nerve. I recommend sensodyne. Sensodyne toothpaste goes inside the tooth and calms the nerve down. And my patents say you know doc, it really works. Tech need to get your windshield fixed . Safelite makes it easy. Tech vo you can schedule in just a few clicks. And well come to you with a replacement you can trust. Man looks great. Tech thats service on your time. Schedule now. Singers safelite repair, safelite replace. 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Were a fiduciary, obligated to act in our clients best interest. other money manager so when do you make more money, only when your clients make more money . Fisher Investments yep. We do better when our clients do better. At Fisher Investments, were clearly different. Maria welcome back. One thing you need to know ahead of next week, well, you may not be able to buy love, but if youre a fan of the beatles, you can certainly buy a single string from Paul Mccartneys guitar. The string was reportedly used with the beatles recording of their album rubber sole in 1965. That a means it could have been used in that hit single michelle, a song that won Paul Mccartney and john lennon song of the year at the grammys. Special Auction Services is hosting the auction this tuesday in newbury, england, and estimates the string will sell for between 35 3,5006,000. Ill see you at 10 a. M. On sunday morning over on the fox news channel, join me for sunday morning futures. Exclusive interviews with chairman jim jordan, senator mike lee from utah, congressman matt gaetz of florida and 2024 president ial candidate larry elder all live sunday at 10 a. M. On fox. Thank you so much for being with me. Have a great rest of the weekend, and ill see you again next time