Transcripts For FBC Mornings With Maria Bartiromo 20170227

Problem . The company investigates claims that an iphone seven plus cot fire. Snapchat set to make his debut on wall street. Well be as perfect as planned . Whether technology darling is turning its focus to the camera of its ipo. Markets expected to pull back this morning. The fractional ultimate Dow Jones Industrial average of those coming out for the 11th Straight Record high close. Check markets in europe this morning. They have not given at all. We are seeing the rally continued. Up 9. 5 points. Cac in paris and a fraction. Stocks lower across the board. Make average down 4 . Shanghai composite three quarters of 1 . Who wants to go for a while . They took to the street in mexico city. All the stories coming up this morning. You have to talk about it, Fox Business Network Dagen Mcdowell. Fox news contributor tony say it and chief investment officer, scott maron. Good to see you. How are you . Thank you for joining us. Thank you for putting an extra dagen. Dagen . Colleges put it out there. Dagen come and talk about how much newsy broke out sunday night interview last week . Headlines all week and month. Maria thank you you do is very clear and talked a bit about the options theyre going through in terms of tax reform. Whether its some kind of a border attacks are something that is reciprocal. So i agree, a lot of good news. I appreciate you being so direct. The questioning has been at least been at least some real answers. Speeches are very positive from the market are setting the agenda. Talking about redistribution to no Economic Growth. Maria that has been the president s focus from the get go. I would like to see every policy with its rollback of regulation and an all point towards Economic Growth. Hollywood script will call it slip last night or one of the worst blunders in oscar history. Lala the true winner with moonlight. Lets watch what presenters gave when Warren Beatty and faye dunaway made the announcement. The Academy Award for best picture. Lala land. This is not a joke. They read the wrong thing. Moonlight won best picture. What did you do . I wanted to tell you what happened. I opened the envelope and it says ms so. Thats why i took such a long look at say and not you. I wasnt trying to be funny. The singers were being pointed at Price Waterhouse coopers that tallies the oscar voting. Reportedly apologized this morning saying the presenters were given the wrong envelope before they went on stage. What a story. I turned it off in the middle of it to be honest with you because it started to get political. Dagen does the word was then presented until a quarter past midnight. Thats pastor bedtime. Price Waterhouse Cooper goes to the Academy Awards with two briefcases. Each briefcase had the senate. After they won the best that dress, she had the card in her hand. When they go out to produce best picture, somebody gave them the wrong card. Warren beatty came out and said on the stone. When i tell them ahead of time, this is who youre going to read. When she think he would be prepared. We do three to five or 10 hours of live to be a day you foul up. And above that, theres always the moment it should i say this or not. And thats what he had. He was like you read it, fay. Which was not a gentlemanly thing to do for Warren Beatty fully knowing he was putting his cohost out there. Dagen ladies first. Of the other sense its fun, take the bullet. The politicization has made it almost impossible to watch. For somebody who doesnt have a opinion. So this kind makes me cry because i do feel sad for the people hurt in this process. A lot of hard work goes into these movies. But at the same time as karma coming back a little bit. Maria is a major mistake for the oscars. It was probably trying. Maria lets talk about president ial issues. We should have is when i sat down with David Mnuchin about the reciprocal attacks in the plan or entitlements. The president has been talking to manufacturing ceos about the idea of a retaliatory attacks. How is that different . First of all, it is an idea whose looking at calling the reciprocal tax, basically saying we want to create a level Playing Field so that other countries treat us the way we are treating them. Maria do you need to hit the impediment sooner rather than later . We are not touching nospace you dont expect that is part of the budget. We are very focused on other aspects and thats its very important to us and thats the president s priority. Maria the president believes in a budget and we will hear from the president tomorrow night in his joint session of congress. It seems like a president is warming up to some kind of revenue raised in this tax cut package. They clearly wanted to visit natural to a large degree. That opens up conversation about these things. In the globalization movement, theres a feeling among americans that we are the ones who drew the short end of the stick. They have some sort of back tax. They are imported into their country and distributed into their country. To say that we want to have some parity with these countries as well be some sort of process on the tech side here, in despair, smart and changes the conversation with donald trump campaigned on. He does want better deals for American Companies and products about consumers have benefited from globalization, theres a strong argument to make saying our products havent in some regards. There has to be this conversation about how we make adjustments. 100 countries that these that have some kind of a vat tax. Thats the dark side of it. What does it do to give them ours . If you look at the bigger rent that have a lot of imports. The consumers as far as pricing. We dont want consumers to pay 10, 15, 20 more 20 more in cost as far as to purchasing. Maria but theres also the question of how do you pay for tax cuts. The border attacks to raise 1. 1 trillion over 10 years. Dagen that is one of the recent of the reasons paul ryan and kevin brady jumped onto this. I was talking to steve forbes over the weekend and it came out of originally a liberal economist and california came up with this idea. I think it is going to be a struggle because politically they because politically there are a lot of congressmen and senators who have to guard against nature and since if they get on board at the border adjustment tax, prices will go up at walmart, target. Oil and gas prices go up initially. Its a big bag as he pointed out a big lead in the direction of the dollar. The dollar is supposed to inflate and offset the tax on imported goods. Falling amidst the dollar. That the tough part. The front page article in the wall street journal today, how stocks and Treasury Bonds have moved in tandem. Stocks are up, the bonds are also rallying. The bond market seems to say you know what, trump policies are not going to stimulate growth the way we think. Theyre not going to read trigger inflation. There is who do believe. Stock investors are Bond Investors paid stream of optimism and they are hoping it happens sooner than later. The concern the way i read it as they want it to happen fast. They dont want this to be a prolonged protect the debate. Maria hes been very clear. They are both important. Its not Obama Obamacare is more important than tax reform. But we need to get obamacare done on tax reform done right after. So they are both important. Get a timeline of getting something out by august, but he did say the letter should be in 28 team other than 2017, which is a little longer. Hes going to be thinking about 2018. To thailand set plays. August is the first of 200 days when Congress Goes into essentially recess for a very prolonged period of time. You work against a hard deadline, which is why you never analyze the first 100 days. Then you have the beginning of the new fiscal year soon thereafter in the fall. It is kind of a natural timeline and august is a reasonable goal to have said. Its good that it was set because the look of confidence. Tranter spoke with a not a this and they said today on average your average car in the u. S. Cost 30,000. He said a border attacks would push the number to 40,000. Having said that, the idea of growth is a big one. Once you start to see the needle move, you make that up. But you make a good point about inflation. Stay tuned for more of my sitdown interview with secretary Stephen Mnuchin on mornings with maria at 8 30 eastern. A lot more came out of the interview that aired yesterday on sunday morning features. Return to chaos in the carnival parade crashes into 20 people. The latest on the injuries coming up. Change in focus, by snapchat wants to reinvent themselves days before going public. Back in a moment. This is the silverado special edition. This is one gorgeous truck. Oh, did i say theres only one special edition . Because, actually theres 5. Aaaahh ooohh uh holy mackerel. Wow. Nice. Strength and style. Which ones your favorite . Come home with me its truck month find your tag for an average total value over 11,000 on Chevy Silverado all star editions when you finance through gm financial. Find new roads at your local chevy dealer. I was thinking around 70. To and before that . Re . You mean after that . No, im talking before that. Do you have things you want to do before you retire . Id really like to run with the bulls. Wow. Hope youre fast. I am. Get a portfolio that works for you now and as your needs change with Investment Management services. Maria looking back a scary scene. Rio de janeiro parade float crushed into spectators. Cheryl casone with the details. Reporter good morning to you. This float crashed during the parade last night. 20 people reported injured including three in serious condition this morning according to the state Health Secretary for flow grilled into a sense that separated crashing into the crowd in investigators say the three conductors of the float will be questioned and one driver already identified as the focus. Authorities in philadelphia have an investigation of their own. The cybervandalism. 100 headstones were damaged at a Jewish Cemetery on saturday. He received a call from a man who recorded three headstones were knocked over. To be a much less than a week after a Jewish Cemetery in st. Louis reported by the 150 had to topple. The Antidefamation League offering a 10,000 reward for information related to the crime. The Parent Company of snapchat ahead of its ipo this week. Snape wants to brand itself as the Camera Company according to a report in the journal. Materials introduced their spec goes up for his physical camera embedded in sunglasses in november. Now they acquire several companies specializing in asian in augmented reality. This comes as they set itself aside from giant like twitter and facebook. As far as the ipo which is theres a commissioners expected to sell the transport team to 16 age between 19. 5 to 22. 2 billion. Evaluation has been a question mark. Maria 200 million shares they would you be a buyer . At the big ipo. I get the point that they do not want to be twitter. But they might want to be more like facebook. Theyre trying to differentiate themselves from being one of those unique social media companies. Theres a lot out there that do it not just as. Maria i dont know. Do they all go in disappear after a few minutes in terms of messaging . Not everybody does that. There and the stigma, coming to person im going to take a picture. To me theres not a lot of cool unique ability that they have versus other social media companies. Dagen the big question is can they have hang on until someone, bond and develop. I think so. Thats what happens in technology. Youve got to keep on growing. President trump is addressing a joint session of Congress Tomorrow night. Hes expected to that is lance to speed up Economic Growth. We will discuss that coming up at a preview of what the president expect to talk about tomorrow night. The puppy parade and all those puppies that may go down in the record books. Well tell you about it. Stay with us. Maria market their flat this morning at 13 and election day. Bolivian President Trumps address to join Congress Tomorrow night at 9 00 p. M. Eastern. The president expected to shed some light on his perch to speeding up Economic Growth. I spoke with Stephen Mnuchin over the weekend and heres what he told me to expect. The most important issue is Economic Growth and the president is very, very okay if i mess getting back to sustained Economic Growth. The American Economy has been too slow for too long and we will start tax reform. We are focused on regulatory relief and just a whole lot of changes to make the middleclass tax cut and to make business competitive. Trade your joining us, jpmorgan private bank, stephen races with us. Practice at 13 since election day. What you do now . We continue to see opportunity in the u. S. Earnings so far have been very good up about 7. 5 in the fourthquarter yearoveryear. But the vast growth in the last two years. To rethink the market rally is justified . You need to be a bit more select it looking at places like small cap, technology, telecom, and to assess the opportunity. Maria how the markets and investors fear President Trump . The market is optimistic in terms of the potential upside. From our perspective, the good news is it is not only pricing at. Tax reform that the regulation is significant upside not just the earnings outlook for corporate confidence that could translate to increased capital spending. You mentioned those numbers in the fourth quarter. It is pretty Trump Administration. U. S. U. S. Growth numbers in q4 that is solved it is insane. Maria, you talk about explosive potential of that the s p five, six, where you have the ability to see why in my opinion prices can be supported despite the haters as the kids say. To high singledigit earnings about any policy changes. It gives the team from a lower tax is. What you make of what the journal writes about today that you had bonds and stocks are rising and moving it tandem with one another. The argument they make is that people are betting by buying Treasury Bonds that riskier assets are overvalued at this point in store for a correction. Even more so with the Trump Administration cant push these growth oriented policies quicker. We are not surprised. If you think everything is working in this environment. We didnt start the earth is significantly optimistic view on Interest Rates to thought divine would keep them relatively low. So far we are comfortable where we are. They dont see a major correction on the horizon. Not to a level that disturbs the equity market performance. You mentioned Business Confidence workings. How much is impacted by deregulation conversation that has really been dominating . Connect the financials rallied. A lot of enthusiasm about what deregulation is for profit there. We dont think its fully priced in. There could be 25 or 30 to the Financial Sector earnings over the next couple years from deregulation. You can sort of work through the expense reductions might look like. We talk about increased fund, confidence from the Financial Sector in all the companies out there defending capital comic is to be quite interesting. To juicy 25 to 30 for the financials . From lower tax perspective over the next couple years. The financials if not a little thing. But if the yield curve continues to seep in and made in and made a great point to yield to come back down. Not only United States but globally. Alltime lows. Hello. Theres an unbelievable movement in years with regards to downward pressure. A deepening of the yield curve. Financials number one beneficiary. Goodnight dont underestimate rates for the regulation. You missed one. Infrastructure. 1 trillion plan. Banks will find it. Theres some hesitation around the infrastructure spending, can trump get that through tax cuts he wants to pass through first. Longer term this additional upset. That is one thing democrats can get on board with. The only danger is if you cut taxes and increase spending and you dont have any revenue offsetting the tax reform package. That ultimately will be traveling to the bond markets. As we talk about border adjustments and Everything Else. So what is the fly in the art that . What are you worried about . Trade policies coming in a coma less of a concern given what we see yeartodate. Unconfirmed about inflation coming back to what that means for consumers and pricing, although that feels like its in losing team. Congress might not be on board. From what respect is in the current form of whats been proposed are they able to come through. We are still pretty optimistic it will happen this year. You have to believe these guys know they have a window here. This was sheer from paul brennan kevin mccarthy. The top story in the journal today. The gop new place repeal obama cared is to dare federal republicans to block the effort. I dare you. We will shame you and take you down. They are cognizant of cohesion. Maria thats the focus this week at health care. Good to see you. Fox business is taking his eye to the president s address tomorrow night to a joint session of Congress Tomorrow at 9 00 p. M. Eastern. Join us as they take the president s coverage live. Finalizing the federal budget year prison term for a substantial increase in spending. What it means for your security. We will go through where the spending will be. More exploding phones to tell you about. This time not a samsung. Videos that were sampled to release an investigation. Details next. Millions of you are online right now, searching one topic. That will generate over 600 million results. And if youve been diagnosed with cancer, searching for answers like where to treat, can feel even more overwhelming. So start your search with a specialist at Cancer Treatment centers of america. Start with teams of Cancer Treatment experts under one roof. Start where specialists use advanced Genomic Testing to guide precision Cancer Treatment. That may lead to targeted therapies and more treatment options. 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Theres a lot of mysteries about it happen. We should make the investment. The only thing that concerns me he wants everything in the military to be bigger and better. I like to hear more details on how we are going to spend the money wisely. Making the military strong and effective. Taking advantage of that. Thats what we want. We bet on the frontlines obviously periods what he think the military needs in terms of an upgrade. Everybody talks about increased military spending. No one guy pushes a button. Additionally we do need to upgrade some of our software and things like that. The civilian appellation in the military they outnumber military soldiers. A lot of them dont do anything. Additionally zero budgets. I think you can do this and i think you can spend the money a lot smarter that how youre doing it right now. Every single year youre given 10 million the next year if given 10 million plus 1 or 2 . There is no incentive to be fiscally responsible and the military. Make them justify it. They could be selffunded. I think the objectives are very good once. Just spending more money isnt going to make our military stronger. To make sure we have a detailed plan for meeting the things that they are not doing well and for thinking about the features to our countries priorities abroad and that is an important part of what has to be done to be effective. Hes given his speech to Congress Tomorrow. He will talk about his congressional priorities. I hope you details of why he wants to spend more on the military and what he wants to fix about the military for so long we been hearing the fact that so many of our agencies like the navy and army are depleted and are old is that not true quacks. We are still the Strongest Military in the world but we do had outdated technology. The approval process for night vision. You can go to Bass Pro Shop and buy three generations further on. We do need to invest in new technology and keep up a little bit. The pickford Navy Secretary is pulling his name from consideration. He supports the president s policies about after an extensive review process and determined that i will not be able to satisfy the office of government without undue disruption. The president pick to have the army also withdrew his name. This is what happens when you have someone like president sharp who is friends with a lot of very successful people. Is a 42 billiondollar private equity funds. This is a thing. Everybody is waiting the step. Quite likely this is a problem you head with very successful people i was hearing just from private sources that they would leave 70 or 80 million on the table. Its one of the issues when you point some of the multis people to the cabinet. They to make a personal sacrifice. They made a choice they dont want to make that personal sacrifice again. We have to expect a sacrifice from individuals if they can take these high offices. We to make sure that they dont have ethical issues that will make them not make the right decision. Thats what has happened here. There is also another sacrifice that we need to speak about today. And the father of the navy seal killed during a raid in yemen now his father is demanding investigation into his sons death. I claim the life of the chief warfare officer. Do you agree with this. My heart goes out to the family. I will say with the utmost respect to the father if the military deems that there is a need for investigation they will do it. He has understand that as a seal your neck in the know everything about her sons service. Also the timing. It always fell under President Trump because of the moon cycle. This was planned over under obama. They will investigate this if they deem fit but the end of the day his affect the fact that he does not need to know this stuff. I would ask him please just leave an open door policy. Was exley watching this morning that they have the whole thing about we havent had boots on the ground. This was planned under president obama and the thought been reported properly. And have this operation gone without anybody killed in action and understand that they will not know all the details of this operation. We appreciate your time this morning. The future of business in new york state is already in motion. Companies across the state are growing the economy, with the help of the lowest taxes in decades, a talented workforce, and worldclass innovations. Like in plattsburgh, where the most advanced transportation is already en route. And in corning, where the future is materializing. Let us help grow your companys tomorrow today at esd. Ny. Gov to err is human. To anticipate is lexus. Experience the lexus rx with advanced safety standard. Experience amazing. Bp gives its offshore teams 24 7 support from onshore experts, so we have extra sets of eyes on our wells every day. Because safety is never being satisfied. And always working to be better. Welcome back. Futures pointed to a very flat open. The major averages were pretty volatile this morning. That was another record high for the dow industrial. The shares for the travel and restaurant Reservation Service are going to meet the expectation. The stock is up ten and a third this year. Its selling just under 1 million devices. This is in line with sales goals the pace may be too slow to motivate thirdparty software developers. Months after the massive recall now samsung is unveiling to new tablets. They come in tenpoint 6inch version. Its the latest attempt is making a tablet. They have postponed that. Now you have apple who is investigating the report that an iphone seven plus was catching on fire. It was retweeted a 30,000 times. She said the phone was shutting off even though it was charged and then started making noises and then it started smoking next to her bed. There have been reports of phones catching on fire. Apple is investigating. Wendys is going to install self ordering kiosks by the end of the year. They are intended to appeal to other customers. There also can help customers avoid those long lines during busy hours when they had been installed at several central iowa locations. Everybody loves a parade especially a parade of dogs. I was a thousand english bulldogs walked through mexico city with a goal of setting a new world record. They came from all over the country. Official certification of a record which requires the dog to be older than one organizers believe theyve got it. Those are your headlines this morning. Those are your headlines this morning. A major slip up at the oscars. The cringe were the highlight next. Why pause a spontaneous moment . Cialis for daily use treats ed and the urinary symptoms of bph. Tell your doctor about your medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis. To make there is a mistake. This is not a joke. Im afraid they read the wrong thing. It was one of the most shocking moments in oscar history. Awarding the trophy to loblolly and when it was supposed to be moonlight. Michael you are there. Tell us what the room was like. Talk about a hollywood ending. Jaws were dropping everywhere. It just doesnt happen. I think its done. Apparently there were two envelopes and Warren Beatty received a duke healer a duplicate envelope. They are going to do an investigation to see how this mistake could have happened. Here we go thats what were all talking about this morning. That it has three hard but loblolly and lala land has won so many awards. You have some of the highlights. It was a night we have all won up. In case you couldnt stay up and who could blame you this is how it all went down. Best picture. The complete shock of the evening in fact the winner was moonlight. I dont think my life could be changed anymore than in that in the last 20 or 30 minutes. And finally the wrong envelope was given. And it said emma stone, i was holding my best actress card the entire time. So what ever story. I have the card. Im not sure what happened. The lead actress won her first statue. As well as Casey Affleck the supporting actor categories there is no surprise. They took home the statue for the riveting role. I think the scientology is working. I really do. This broadcast has been is being watched live by millions of americans and around the world and more than 225 countries that now hate us. In the guest had to take this lp. Very unfortunate what happened. Unprecedented mistake hopefully they will appreciate this years best in movies. While. Jimmy kimmel was unrelenting last night. We will see you back at the ranch when you come home. We will be right back. Kind of. But rodney knew just what to do. He got quickbooks. It organizes all his accounts, so he knows where he stands in an instant. Ahhh. Thats a profit. Which gave him the idea to spend a little cash on some brilliant marketing ha, clever. Wow, look at all these new students way to grow, rodney know where you stand instantly. Visit quickbooks. Com. I realize that ah, that 100k is notwell, a 103fortune. Yeah, 103. Well, let me ask you guys. How long did it take you two to save that . A long time. Then its a fortune. Well, im sure you talk to people all the time who think 100k is just pocket change. Right now were just talking to you. I told you we had a fortune. Yes, you did. Getting closer to your investment goals starts with a conversation. Schedule a complimentary goal Planning Session today. Maria good monday morning everybody. The top stories at 7 00 a. M. On the east coast. The elite hits the red carpet for the 89th annual Award Ceremony last night. The oscar goes to Casey Affleck manchester by the sea. Wasnt all glitz and glam. A major mistake ruining the best picture announcement. It was named the winner of best picture. The awkward moment after they have to hand over the hardware to the moonlight reducer. The meetings come as Congress Gets back to work. That is a focus today. Making was old new again. Market this morning looking like very much where they closed on friday. The 11th Straight Record high closure. Anything can happen of course. Thats how the last couple of days have started and ended it with record highs in europe this morning. In asia overnight stocks were lower across the board fractional moves here. In the future takes flight. You can soon get behind the wheels of the commercial flying car. Low gas tanks made the race one for the history books. All the stories coming up this morning. Dagen mcdowell is here. Good to see. Incorporation you for joining us. Good to see you. I was listening to on the radio because im a redneck. Some of them were very close to them. Hes in very good to my daddy by the way. Could you listen to it on the way. Its even better on the radio. The best way to watch a race if youre not at the tracks is to watch it on television but listen to it on the radio. The guys on the radio really rocket. Radio is still killer. Maria the biggest mistake in tv history last night. The Academy Award for best picture goes to lala land. Warren beatty gave it to faye dunaway and she took the heat. That was presented that they actually announced lala land as best picture. It was really specific moonlight. You tweeted yesterday before the oscars know i think i would rather have a colonoscopy. Your tweet this morning you say its russias fall. Russia hacked the oscars. The Academy Members were not required to show a photo idaho when they voted so the whole thing is just all screwed up. The good news for donald trump and all of this is theyre not talking about the stuff they said about him. Theyre talking about the implosion of the oscars. Not so funny for moonlight but it all ended the way it was supposed to end. We have a great interview with Steven Mnuchin over the weekend. He really detailed tax reform repeal and replace. But were waiting to hear from the president on this tomorrow night and were waiting to see the president s budget and just a couple of weeks. I really hope that what the president does is pull the trigger on the tax rate immediately. Even getting into the Business Community. About the simplification and the lowering of tax rates. They need to do it a big, bold and quick. I hope the congress right now lets not fight over this. Bring it down to 15 on the corporate level. Watch the economy just explode into something terrific. A lot of people thought obama care wasnt going to be the priority ahead of tax reform. Why is it that obama care is number one. Remember obama care in its repeal they have this. And they shared some rates. Then you have the have the tax reform. They will also do has to be revenue neutral. Not really. Governor, when are they going to give that up with respect to actually doing a tax cut. How can they give it up. Governor were talking about paying for tax cuts theyre talking about a border tax raising 1. 1 trillion over ten years. Thats one way to pay for a. Dont worry about the revenue. I do want twopoint out one thing in terms of the politics. Ive had private conversations with people from both sides of the aisle theyre worried about what they put in place because youve have President Trump go out and im interested to see what he says in the address to the joint session of Congress Tomorrow where he said the coverage is going to be better in your prices are going to be lower. Its so difficult to obtain. You can have a Better Health insurance system are you really going to drive prices down. That is just a very tough flaw. One of the things i think needs to happen is to recognize that unpacking obama care is going to be far more complicated than the tax cut. And the effect is immediate. With obama care were a looking and a bill that was over 2000 pages and the democrats who voted for it admitted they didnt even know what was in it. A lot of people wont even know the impacts until they feel it. That is easy lifting. Knock that out. Stimulate the economy which is what it does. And then you start getting after obama care and making sure that as you extract yourself from it youre not hurting people who did get healthcare for the first time and youre making it affordable for the people his rates have gone skyhigh. Knowing that you have the 200018 congressional races coming up as i can be enough time to actually impact the economy and not feeling like this is good to be retroactive to 2017. From my perspective i think if you do the tax cut the effect is immediate. It will be instantaneous because of a lot of Companies Big and small sitting on capital dont spend it because i dont know what the consequences are going to be on both the regulatory and tax side. They have some assurances now that the Regulatory Environment as can be better. But given the other arm the tax arm and suddenly youre gonna see a lot of people turn loose of capital because they can. You all see Foreign Investment coming back into the nine states we chased every bit of it away. Why would you come to america with the largest tax rate for corporations in the world. To make that some of the groundwork thats been laid. I love these meetings. When President Trump sits down with the ceos and they come out or they take a film of him citing some certain thing. All the impacts and some of the body language actually coming to dc and leaving happy for once. These meetings are not photo ops. Weve been seeing a photo ops. Theyre walking out of the white house. There said to change my plan. I will actually create jobs in the United States. When it was all of these photo ops. I think the big shocker was they didnt vote for donald trump. They go into these meetings and when they get there they realize that the donald trump who goes to the podium and rallies the masses is also the knowledge trump who is running big organizations. He is an executive. We all understand how this works. This guy is a serious president as he is. And hes getting serious things done some people are not deep enough to understand that what hes doing his balancing play is sent to the masses to keep them going but he is also in the weeds of changing this country brick at a time and i think its very significant that he is having the meetings with people who didnt vote for him. Clearly it shows in these conversations. You see the immediate positivity positivity that comes out afterwards. Donald trump has said i think as the most important metric of his success is he creating american jobs. That is not always ideological. It has been done to advance an agenda not advance a country and now they get that sense when they hear donald trump that people want this k growth and are willing to work with people that are getting it done. We have news over the weekend. Over congressman Keith Ellison. Following the vote. The president tweeted this after the vote say congratulations to thomas perez who has just been named chairman of the dnc. I cannot be happier for him or the republican party. What he think about that. Its spreading out they will lose the next president ial election again because theyre trying to have that. They are living in the land of 2015 if you will also with Keith Ellison a very controversial figure. This election was hijacked by the russians he said, they are still spinning that light from a year ago. Until you start living in the real world they have alienated People Living between those two. Your neck in a win anything. Not even in the midterm. I would say that he was a hillary guy did the democrats have a good option on the one side you have the relic of the sales establishment yet ellison and anti somatic remarks. I dont think that was necessarily at the the direction the country suggested that they should go what were their options if not perez. Let me make a prediction for you. I gear from today the oscar for best picture is can be given to the Democratic National committee for their new documentary film left and left her. Thats what they are doing. They just keep moving further and further to the left and away from the bulk of American Workers who dont want the country to become a socialist monarch. Congratulations. This is Good Business for the republican party. When it was first revealed that tom perez wanted half of the crowds went nuts. Then he named Keith Ellison as his deputy. At the same thing. They are not listening to what the people want. Instead theyre going to do much more left agenda. As i say theyre just moving away from what the people are looking for. What donald trump is talking about his jobs. I dont think American People can be more clear that there are a whole lot more interested in where they work in where they go to the bathroom. Thats its can cause them to do that. Always a pleasure. Thank you. This is the silverado special edition. This is one gorgeous truck. Oh, did i say theres only one special edition . Because, actually theres 5. Aaaahh ooohh uh holy mackerel. Wow. Nice. Strength and style. Which ones your favorite . Come home with me its truck month find your tag for an average total value over 11,000 on Chevy Silverado all star editions when you finance through gm financial. Find new roads at your local chevy dealer. Welcome back. No kia bring a black bringing back a classic. The new model has a bigger screen and its price it is 52 but the battery life not old school. Twentytwo hours of talk time. That is the 12th best selling phone model and history. Maybe history will repeat itself this time. If the hand it to blackberry. Even though their hand held device faded away a long time ago theyve unveiled the new q1 its a device with the physical keyboard on its on android. Its 549 lunch date in april. I also have a super supercharged battery that promises a super fast charging experience. If you bought some unsweetened applesauce as recently. They are recalling their own sweetened applesauce is because they may contain small pieces of glass. The company said if you purchased these products throw them away. You can see that re re called labels on your screen any questions call trader joes there is a number on your screen. Remember all of the hours with and with plato. The colorful clay coming home to the United States. They are not working with a manufacturing partner to make plato at a facility in massachusetts the current elite work with factories. They produce more than 500 million cans each year. And then there is this. And that is the movie get out. Scaring off competition and impressive 30 and half Million Dollars over the weekend. Warner bros. Lego batman movie taking number two. You have john which ended the great mall. There were some other movies over the weekend to watch. That is a focus this week. And then kurt busch racing to the finish line. The hiccup stole the spotlight. The highlights coming next. You cant predict the market. But through good times and bad. At t. Rowe price. Weve helped our investors stay confident for over 75 years. Call us or your advisor. T. Rowe price. Invest with confidence. As after a dvt blood clot,ital i sure had a lot to think about. What about the people i care about . Including this little girl. And what if this happened again . I was given warfarin in the hospital, but wondered, was this the best treatment for me . So i asked my doctor. And he recommended eliquis. Eliquis treats dvt and pe blood clots and reduces the risk of them happening again. Yes, eliquis treats dvt and pe blood clots. Eliquis also had significantly less major bleeding than the standard treatment. Both made me turn around my thinking. Dont stop eliquis unless your doctor tells you to. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. 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And always working to be better. Wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong insurance company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. And if you have more than one Liberty Mutual policy, you qualify for a multipolicy discount, saving you money on your car and home coverage. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Maria present trap expected to meet with ceos of Key Healthcare companies today. As republican lawmakers are set a replacement deal bill in motion. In an effort to discourage any republicans from opposing the measure. They outlined the objectives of revamping healthcare. This was my exclusive healthcare talk this weekend. The cost has gone way up. So this is as much about how we Bring Health Care cost back into reality how do we create affordable healthcare for people and how do we create Economic Growth. Susan, good to see. So you lead a healthcare improvement firm. They have some debates about which Health Care Bills could go forward. Its complex and costly. Hard to rollback. Its a take away at this point for the 20 Million People who potentially have gotten coverage but didnt have it. There will be a step 12 and three. Step two is tom price has a lot of power and he will have Regulatory Power to make changes. Step three will be incremental bills. You think these will take two or three years. I like the godfather reference. One thing interesting though. There was good reason. The replacement is going to be that. I think the replacement there are a lot of things in the bell that have started to work like the provider and delivery reforms. They work with Healthcare Systems all over the country. All of those things are working. I think they will keep some of that. I think the thing they have to change is the medicaid subsidies. They want to shift power to the states. They want to reduce the cost of healthcare. They want to get consumers engaged in their decisionmaking. When i recalled the entire debate around obama care in 2010 it was always the mantra of choice and competition. That is why i think the policy failed unto itself. Its not as if it is a sustainable Healthcare Delivery model for this country. And can you really repeal this idea of having a monopoly and having the anti trust exemptions. People think it would drive cost down because it would expand the Competitive Landscape but its not seeming to happen for a very long time. When you have Insurance Companies that are as big and powerful it could create a potential imbalance i think in a pro market environment its not something i think government can fix i actually think providers together with patients making different clinical decisions and economic decisions how to get drug prices lower . You have to have more competition we have to fix the fda. We had 4,000 generics city and the fda waiting for approval. If you dont have more than two companies you dont have competition. When you come back. He gave it to her. We brought you all that coming. Most on these balloons. Travel with my daughter. Roller derby. Now give up half of em. Do i have to . This is a tough financial choice we could face when we retire. But, if we start saving even just 1 more of our annual income. We could keep doing all the things we love. Prudential. Bring your challenges. And her new mobile wedding business. Tte at first, getting paid was tough. Until she got quickbooks. E sends when theyve been viewed andtadahpaid twice as fast for free. Visit quickbooksdotcom. Happy monday. Welcome back everybody. Its monday february 27. A busy day for the commanderinchief today. Meeting with both Health Insurance companies and our nations governors. The present will issue a new executive order on the travel ban this week democrats are blasting the present on his plan over the weekend. Listen. Weve to open up the party to working people and make it crystal clear. That the Democratic Party is going to take on wall street. It will take on the pharmaceutical industry. It will take on Corporate America that is shutting down plans from this country and moving our jobs abroad. The border tax as a disaster. They are not going to sit there and wait for this. They will reciprocate immediately against the United States of america. What took sect from the new executive order. The future takes flight. With a certified flying car. Features this morning look like this. Weve 11 Straight Record highs. We did close at another 11th record high on the tao on friday. In Europe Markets are a mix. In asia overnight stocks were lower across the board. It hits an nhl team. They are first to quarantine several players. We have the highlights from this the Sears Daytona 500. We kick it off here at this half hour. They request a hold. That order restricted travel from seven primarily muslim countries. The second version of the temporary travel ban. Is excited to come this wednesday. Has Committee Told me what tweaks he wants to see. I think what theyre going to do is tailor it to conform with with the court to go with. I think the problem was in the implementation not the policy of executive order and that was the nine lawful permanent residents who had green cards the ability to come back into the United States. I think thats what caused a lot of the chaos after the executive order was issued and implementation of it. Right now. Michael mccall just got back from the southern border. He said that they are poor and the challenges are facing the people at the front lines. The issue is what Legal Mechanism would allow the president to prevent the borders from being porous without violating the constitution or without impelling judges to interfere with the Border Security because they believe that the president has violated the constitution. He has to deal with that. The president could just as easily tear up and start all over. We also have the advantage of for judicial opinions picking this apart. I will guess that this is what i did. They took those opinions and made a checklist of all of the objectives and came up with a rational basis to address each of those objections and still keep the goal in mind which is to have a more secure way of vetting people who come into the country to parts of the world that are unreasonable for us to think that they dont wish us ill. They used certain criteria that was not really applicable to making that decision. They were using thing donald trump is set on the campaign trail. Is it that by itself a basis to suggest that there is a very big challenge regardless of what they rewrite. One of those judges is a classmate of mine. I moan im for 45 years and i was surprised that the pigs that they put in that opinion heres what Rudy Giuliani said when he introduced the president in august. What is to have to do with the meaning and purpose of the executive order. Tony i have never seen it in 45 years of examining legislation and executive orders that a candidates words would be used against him or her once a person is in office. We also have a problem with the leaked dhs report undermining the choice of the seven countries seen i dont know how anybody could say this. Some experts say that these people are no worse. Everybody has forgot about that as first. This is something that obama mentioned. The politics should stay out of the courtroom. The constitution reposes to the president privacy in the area of foreign policy. He decides who our enemies are. And is directly on point. Just read the plain words of the statute. He may suspend ruling which the judge said we should not have jurisdiction over National Security it should be kept to the executive. When a court forces of the president to justify a National Decision you have a lot of problems that are raised by that. The public should not know. As a decide which security designations to make. There are provisions to expose classified material to judges is very difficult very complex and in my view unnecessary in this case. Do you think the next executive comes out and another judge puts a temporary restraining order on it. What then. Then you get this backandforth. The Record Number of refugees coming into this country. I did what i told you i was can do. This is not a game. I was once a life tenured judge. Its very but youre not living like a monk. You know whats happening. People are looking at what donald trump set on the campaign trail. I head on congressman who have been leading this effort for democrats to bring a guest today speech tomorrow and hes bringing a pakistani dr. I tried to make the point are you making a difference between legal and illegal. The grand standing they can. When you rather see them come to the speech the attitude that theyve taken rather than cooperate. And that is why donald trump after nearly two months in office he does not have a full cabinet meeting. Lets but some of us shame on the republicans who are defined on one of the sunday morning talks shows. What they have again. They can flip more than two. They do not want to increase the deficit. He has proposed a very free market. The left will go crazy over it. He doesnt want to medicaid expansion. Lets move on to the Supreme Court you guys. Ted cruz thinks its another vacancy will occur as early as the summer. If that happens as much as the left is crazy now they will go full armageddon melts on. If they lead dash might leave the court voluntarily. In virtually every issue. Thats what he meant by armageddon. They told friends as recently as two or three years ago as it is there is a republican he is very comfortable with the appointment. If he leaves your can have a battle. Justice kennedy votes with the liberals on the court on abortion this replacement for her. Why are all of the swing votes reported by republicans. All of these people and i know Justice Kennedy well they were all appointed as if they were small government republicans they got on the court and they became Big Government republicans. The worst mistake ive ever made. Great insights. Great to see. Theyre taking you live to the president s address. Tune in to 9 00 p. M. Eastern. We were to be a life. Tomorrow night. Two congress. What started the 17 car pileup on the race track next. Yes flying car. Back in a minute. Where to get in. Where to get out. If only the signs were as obvious when you trade. Fidelitys active trader pro can help you find smarter entry and exit points and can help protect your potential profits. Fidelity where smarter investors will always be. If only the signs were as obvious when you trade. Fidelitys active trader pro can help you find smarter entry and exit points and can help protect your potential profits. Fidelity where smarter investors will always be. The one they are starting to preorders from a calls the first commercial flying car. During this right now is mark jennings. It is good to have you in the program. If to tell us how this car works. Its one of the design philosophies to make it very simple. We used the platform its really easy to learn. You need to get a license to learn how to fly. We do actually have some clients right now who are going to us for the first flying car school. If to get a pilots license to do it. Its actually the engine or the way you handle it. You can probably see that at some of the graphics you have. Its very safe as well. What do you envision in terms of having a lot of the things in the sky. Of course if to keep the sky essay. What happens when you have lots of them is that not going to cause chaos in the sky. Eventually its like playing video games we will see people fly through hoops virtually. Will they utilize this te of car in the future. I think theres a market for that. Important answer is that we have a vehicle that can get to the destination no matter what the weather is. Tell us about your first flying car school. Are there plans to open more in the future. And tell us about the coursework. Its in utah. I bit of a manson environment. We would envision nobody more as a market develops. Now everything gets accorded to that skill. They will need to spend 40 to 45 hours training to get their license. What kind of things do they need in terms of regulation and transportation department. For many pilots who have an existing license is just a smaller amount of time. What are the benefits. If i need to go across town i dont have anywhere to park it how my going to get from place to place if i dont know where to get my flying car. You can park it in an urban parking lot or in your own garage at home. Once i get my flying car i would be able to park anywhere else. The maximum speed hundred miles per hour. About a hundred miles in the air. When you expect we will see one of these babies on the road or in the sky. 200018 is when we want to do it. We will be watching. Thank you so much for joining us this morning. You watch out for that flying car coming to a neighborhood near you. The thrilling victory. But not before a massive pileup disrupted that race track. Is coming up next back in a moment. 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Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance what an unexpected twist. Something many of us could relate to actually. Have you ever been on the road and run out of gas on the worst possible time. He went out of gas. He sought his fuel tank empty one lap later. Watch what happened to kyle larson in the target painted car. It was not on target. He did it lead the race at the point until this game. He went the daytona 500. He have a handful of top five finishes. As well as the team, owner. One thing was running on empty. It was a multitude of divers who were knocked out of the race because of crashes. He gets a flat tire and he goes sideways eric jones collides. He suffers damage. Jimmie johnson involved in a big wreck. Fiftynine laps to go. Jamie mcmurray was there. Congratulations to kurt busch. He does his best. There has been a bad outbreak in the 2014 season. The virus has now resurfaced. Ben hot along with team trainer. Expensing symptoms of mumps. He joins for other players. Look at who is reported to spring training today. Try to make it as your professional athlete. And while they are not part of the Big League Club the manager Terry Collins said when they tell me that hes have some atbats when his comfortable at the plate. I will get him over here. He has made it clear he loves what he is doing. And his neck in a try to do anything to stand in the way of this fantastic story. Running out of gas. They dont have a fuel gauge. If to do really technical fuel calculations on the car. Even when resistance. This is the daytona 500. They know how to do that. Its very difficult. Its very tough. And there is no fuel gauge. They are all on kurt buschs team. Congratulations to my boys. Next hour my exclusive sitdown interview with Steven Mnuchin. Including his new office. Including his new office. One of the major priorities. Cl. We are back in a minute. An makee difference between winning and losing. The microsoft cloud helps the pga tour turn countless points of data into insights that transform their business and will enhance the game for players and fans. The microsoft cloud turns information into insight. Bp engineers use underwater robots, so they can keep watch over operations below the sea, even from thousands of feet above. Because safety is never being satisfied. And always working to be better. Across new york state, from long island to buffalo, because safety is never being satisfied. From rochester to the hudson valley, from albany to utica, Creative Business incentives, infrastructure investment, university partnerships, and the lowest taxes in decades are creating a stronger economy and the right environment in new york state for business to thrive. Let us help grow your companys tomorrow today at esd. Ny. Gov so how old do you want uhh, i was thinking around 70. Alright, and before that . You mean after that . No, im talking before that. Do you have things you want to do before you retire . Oh yeah sure. Ok, like what . But i thought we were supposed to be talking about investing for retirement . Were absolutely doing that. But theres no law you cant make the most of today. What do you want to do . Id really like to run with the bulls. Wow. Yea. Hope youre fast. I am. Get a portfolio that works for you now and as your needs change. Investment Management Services from Td Ameritrade. Gentleman good monday morning welcome back everybody i am Maria Bartiromo, monday, february 27 your top stories 8 00 a. M. On the east coast right now, a major blunder at oscars last night, hollywoods bigs stage ended in big confusion. This is not a joke, this is not a joke, i am afraid they read the wrong thing this is not a joke. Maria yeah moonlight best picture after awarded accidental given to la la land, coming up more from la la land on shocking mix up that lit up social media how stars got political last night, in our capitol this morning President Trump hard at work commander in chief meeting with Insurance Companies today, also with governors at big dinner last night meetings as Congress Gets back to work after weeks vacation latest on plans to repeal and replace obamacare, president looking to tackle tax reform i spoke with Steven Mnuchin on big plans on the issue gave a private tour in treasury told is how his first two weeks on job have been going more on that coming up this morning. Terrifying moments in brazil several people injured, after a float crashed during the countrys carnival parade latest coming up, think before you fly what you need to know before you pick your airline, and which will take you on next big trip, markets this morning look like this, futures pointing to a lower opening beginning of trading this morning after 11 Straight Records, dow coming off 11th record close on friday, looking to pull back from that alltime high 10 points lower in Europe Markets mixed this morning take a look, ft 100 up as is dax next up and cac quarante is down. In asia overnight, stocks lower across the board as you will see japan, down almost 1 that was worst performer live stream of a baby gentrify avenue birth labeled controversial youtube took down feed claiming it violated the nudity guidelines. Giraffe was giving birth. All those coming up this morning joining me to talk about it Fox Business Network Dagen Mcdowell republican strategy Fox News Contributor tony fayed, chairman of the board former ceo head football coach chairman of athletics Coastal Carolina university joe with us hello. Good morning, good morning he everyone. Couldnt be more delighted to be here. Maria we are happy you are here you bring a mix of business and politics, as well as sports. But i am also going through a trauma, so everybody makes a big deal about last night because the screwed up. Maria oscars. I am only one here without a morning morning with maria cup. Maria if that is trauma you are doing all right dagen steal them. Maria skaik cups walk out. Dagen buzz aldrin walked out with one we didnt say anything. Maria i wouldnt say bying to buzz aldrin. None of us did. Weigh i do not insights on a o lowest stuff happy you are here, coming up this morning my interview with Steven Mnuchin, issue karl rove is here Stuart Varney will weigh in big hour stay right here stay with us, we kick off right now with President Trump, to sit down with nations governors and Insurance Companies at white house to talk Obamacare Blake Burman live at white house with latest. Good morning. Reporter good morning to you as well to go repealing replacing obamacare forefront throughout the day a couple hours time from now ceos from some of the largest heflt insurers rolling into white house to meet with the president along with health and Human Services secretary tom price includes leaders of United Health etna cigna the humana anthem to name a few, nations governors here at the white house, today, for a working session and over the weekend the president addressed that group, and acknowledged the complexities of trying to overturn and put in a new system of the Nations Health care law, listen. Were going to be speaking very specifically, about a very about complicated subject airfare is different every state is different. And different requirements, but i think we have something that is going to really be excellent. That burden legislatively will fall on shourdz of Mitch Mcconnell paul ryan they will be coming to white house today later this afternoon, after meetings take place, maria as you know, there are divisions among republicans, of just how to go about repealing and replacing what to do timing so forth the the wall street journal is reporting this morning that Republican Leaders might just put out a plan, and dare republicans within their party vote against it saying look we have been talking about this a handful of years basically, put up or shut up time maria. Maria blake thanks so much this is this is the moment. That they have been waiting for, we will see if they seize it want to bring in former he deputy chief of staff to president george w. Bush Fox News Contributor karl rove on that what are you expecting from meetings. Health insurers going to be telling the president Affordable Care act is some a death spiral unsustainable pathdrawn in too many older less Healthy People not enough younger healthier people built into it a series of mechanisms from description of the benefits every insurance policy has to have, to what is what is called Community Rating requires younger people to pay higher than risk entails to subsidize coverage of older people all kind of things made complexities unstain he believe. I this i the view of most jim your corner of the world for a second before we move on here, the carolinas, do you did you see a big push from people that they want to change to obamacare . Do you feel that from the people . I definitely feel not only from south carolina, maria but from frankly wherever i have gone. Not everybody not everybody but i would say most people would look at object carrier action something was meant to do a good thing, but too complex creates you time heartaches too much red tape, some totally different version what a lot of people care about. Too expensive dagen. Bottom line. Tripledigit increases in premiums some states last year Obamacare Exchanges it is politically difficult i am cures what ckarl thinks when you say more choice better choice prices going down a big promise. Well, i think that is right, but there are ways to get there for example, the Affordable Care act worked against the idea of Health Savings accounts expected with low cost, catastrophic care, and that is one way to go about getting particular younger people the assurance that if they get a really bad disease or really dad accident they can be taken care of but in the meantime they can have something they can afford, so there are ways to go about mitigating this the probable with Affordable Care act it is onesizefitsall, every insurance policy has to look the same, you have to have a wide range of benefits i had to have alcohol counseling Smoking Cessation coverage i dont smoke or drink, yet i had to have it in policy my 27yearold son had to have maternity coverage, my son unmarried maternity coverage what is that all about . They want everybody to pay for Everything Else that is the way bureaucracies work and the way i hate to say it but socialist practices work. Fieblg Health Savings accounts i used one pain in the back side they have got to fix that. Hugely difficult to use them. We got to move on. I had one loved it but that is that is my we want to move on to leaking inside white house that is the big story this week, obviously, last couple weeks Senior Administration official is reporting that sean spicer asked nearly a dozen staffers to hand over phones personal phones, he searched for app, that deletes messages after they have been viewed telling the staff that apps like those violate federal records act it came to personal spoenz spicer asked permission before looking at they will but there is uproar over the fact that, you know, the spokesperson at white house is asking staffers let me suspect your phone make sure you are not speaking to media leaking information. Standing right next to whim white House Counsel as he may bes that request looks at phones not only to see Text Messages but also phone numbers. What is interesting is we learned about this through a leak we dont know whether leak about the leak study was deliberate they might have wanted to leak this information, so that they said to rest of the staff this could happen to you, too so dont be calling up reporters and talking about it but i thought it was interesting that it came in the form leak to politico we learned about this vacation by press secretary. Karl, from td mere traded you joined us in omaha few years ago. I did, a lot of fun. People still talk about that trip. What i want with regard to the to leeks a lot of times politics as well as corporate world with intentionally leak to get a response having people feel what is happening to stock is it a good story . The the there is a purpose sometimes behind it world series in a while people dont want at a leaked but with the president , and his penchant for tweeting himself, are the president s tweet in effect his form of leaks . Well, i i dont think they would be leaks i this i his fearsome of press statements rather than putting out a piece of paper, or having the the press secretary go to the podium or. Maria yeah. President going giving a speech, he just he just says it, and he says it at odd hours particularly in the morning, so that he can dominate news during early part of the day direct conversation the way he wants to direct it. Maria has a direct relationship with people no doubt about it karl good to see you, sir. Good getting the coach toughen him up complaining already about not having a coffee cup. Got one now i am happy new year c year. A courier for tax reform what are priorities and will they see 3 Economic Growth this year or next year coming up 20 minutes back with that, but first awards biggest blunder goes to the oscars mix up that led to the wrong movie being named best picture last night when it comes to best airlines one name above competition when topped that list we bring it to you next back in a moment. N. This is one gorgeous truck. Oh, did i say theres only one special edition . Because, actually theres 5. Aaaahh ooohh uh holy mackerel. Wow. Nice. Strength and style. Which ones your favorite . Come home with me its truck month find your tag for an average total value over 11,000 on Chevy Silverado all star editions when you finance through gm financial. Find new roads at your local chevy dealer. Maria the Academy Awards trying to explain the embarrassing mixup at oscars Cheryl Casone with with all at a details. Cheryl yeah, maria even Warren Beatty confused he and faye dunaway announcing winner for best picture when this happened. The Academy Award for best picture you are impossible. Come on. La la land. Cast and crew of la la land came onstage started giving speeches but something was where were you borning. People came from backstage with a different envelope leading to this shocking moment. This was a mistake moonlight you guys won best picture. Moonlight won. This is not a joke. This is not a jock i am afraid they read the wrong thing. This is not a joke. Moonlight has won best picture. Producer jordan horwitz holding up card approving moonlight real winner said somebody gave him best actress envelope by a membering pricewaterhousecoopers is investigating that. Hollywood community to celebrate movies actors members mourning loss of arc bill paxton died yesterday at 61. Ewas in a you been number of blockbusters, twister today to antic apollo 13 from complications of surgery. One familiar face on tv has died Joseph Wapner on bench of the Peoples Court 12 years, he died yesterday at Los Angeles Home judge wapner was 97 years old. Headlines this morning a scary moment Rio De Janeiro famous carnival a float crashed into a fence injuring 20 people, three seriously Officials Say one float drivers lost control jammed people against fence investigation under way. Finally this outrage yu tubing removed you live steam video of a giraffe could give birth any time at new york zoo the owner said it happened after Animal Rights extremities reported nudity sexual content a spokesperson said 400 hours uploaded sometimes they make wrong call has been restored more than a Million People viewed the live stream waiting for big birth 41,000 watching right now along with us on live stream those are headlines this morning. Thank you so much cheryl, joe is here with us chairman for Td Ameritrade two decades plus experience in business, coaching, want your take on all of that, so give us your take on first trump, and what is going on a in terms of what you are seeing on the field, and the feelings about his economic plan. I think maria when you think about trump the first thing that happens some sort of no matter who you are talking to so many sort of emotional reaction i voted for trump, two of my daughters were marching in parade Inauguration Day when i did i about the future of country i think but future of grandchildren washington needs major shakeup i dont see any politician moving to do that certainly trump is doing that a lot of things that he is talking about clearly progrowth. When people get all upset about i dont look at him as role model for my grandchildren, but his job is to run the country, and i think he got off to pretty good start aggressive signed more executive orders than anybody probably has in a gajillion years moving right direction. Maria focus has been Economic Growth as a business guy you have to like a tax reform talk. I mean doddfrank 22000 pages i think trs, 44,000 pages you cant you cant you got to have a plan that is he sophisticated enough to handle with a you want bupt simply enough to be able to execute he gets that, trying to simplify things, lower tax deregulation will help, controversial everything with regards to International Trade border taxes most things talking about things the Business Community would like. I guess most people feel regulatoryollback is as powerful as a tax cut. We heard earlier, from one of our guests that could be a potential 25 to 40 increase in earnings for some companies. Maria yeah. Because so much added regulation. Dagen on financials. Most impressive to me swiftness the smartness of the moves, the one thing that i think does not get recognized enough a lot of trump, i think you are right there is emotional decision not to even give the guy chance even if they should, for their own betterment a lot of people dont but he is one making decisions based on what is best for this country what is best for the economy what is best for job creation i dont think he has a rigid agenda as far as ideology i think he wants to do what works. How do you view that. In tend business guy tries to be pragmatic get things done exactly approach he happens to be taking the emotion comes in way he handles other stuff i dont care if he tweets might find out good idea one day cant go a day without stopping saying look how cool i have been how great i have been, country was a horrible disaster and now like we are in the Promised Land overdoze that play. A bit i appreciate he brings in the the executives from canada United States, where he needs to respect ceos way meets politicians, all those things doing the right thing. Maria i want to you to put Football Jersey on for us you are the coach coach of carolinas, how did that happen give your journey. I began career as football coach 16 years. 1981, 13 year coaching i was the defensive coordinate dartmouth going through a divorce, 1984 i couldnt afford this to take care of four children support wife and child got permission to move in storage room by football offices wasnt so bad i could see breathe in the wintertime lived there two years january miami accepts National Championship my goal head coach at Major College that job opened, the defensive coordinate job secondary job opens up i get off that job succeeded miami from that position could get head coach notre dame i am divorced kids in New Hampshire i am in couldnt afford to fly kids backandforth toughest career decision in life if i couldnt take care of children couldnt live up to responsibility as coach i turned down that job wound up going to maryland. Maria Merrill Lynch takes you to we will continue the study on how it is that you have this masterful business politics background and sports most importantly, right back, stay with us. Your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claims centers are available to assist you 24 7. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance moglia. Maria do i love to travel hate bad airline service, points guy. Com 3 1 2 million visitors per month leading resource for travel news joining me points guy off the top of your head ceo brian kelly good to see you. Thank you for joining us our audience needs this advice you put out a report of the best and Worst Airlines give it to us. Basically we wanted to a stake you in other airlines are often judged by shareholders investors, and we want to looks at it, strictly from the lens of consumers right so looking at price, as our number one, th factor annoying fees bring airlines that take you for a ride. The results were a little bit shocked i have to say. Maria who takes you for a ride give us the goods. The best airline alaska a culture of consumer sf number three are very gin america they acquired, so if you are flying them, in general, they have got great prices customer service, and shockingly number two was united you know united has long had you know on time arrival woes management shakeups when we looked at Route Network and convenience, and fares united came in above american and delta. I like united something with united last few years i liked them more than others for some reason what are drawbacks why do he is this earn top honor just ice. Dta probably best run. Price a third of the survey we really looked at it ask consumers care about price, right getting the best deal, and you know delta really run but expenditure we fook frequent Flyer Programs united best frequent Flyer Program in my opinion of three Major Airlines delta did he valued so much dont tell you how many miles you need dynamicly price amount of miles for awards means you need to use more miles, for awarded tickets. Maria that is an interesting observation because we had coe. O of Delta Airlines i was impressed with him thought impressive businessperson, you are saying yeah, that is the whole thing. Squeezing more money out of consumers leading the back that way ask we are looking through lens of you know, frequent flyers. Quick any other metrics you look at when looking at bess and worse. On time arrival, a whole point of flying to get where you want to go involuntary bumps, a smail factor. Number one in terms of those of number one on time arrivals, they scored towards bottom looked at fares from hawaii generally higher than from u. S. You can never have a fair survey i guess but allow people to address what matters most create your rankings. I need to take hawaiian airlines. I really new york to honolulu. I need to take that flight always on time. Good to see you. Thank you so much, coming up treasury exclusive with secretary Steven Mnuchin. This is this is my office, in here. Secretarym mnuchin sits down giant turns to automation the feature you want to know about this one back in a minute. Anything worth pursuing requires knowledge, hard work and a plan. At baird, we approach your Wealth Management strategy the same way to create a Financial Plan built to last from generation to generation. Well listen. Well talk. Well plan. Baird. Wheyou wantve somto protect it. E, at legalzoom, our network of attorneys can help you every step of the way. With an estate plan including wills or a living trust that grows along with you and your family. Legalzoom. Legal help is here. Maria happy monday welcome back thanks for being with us i am Maria Bartiromo it is monday february 27th top stories 8 30 aem on being east coast breaking news durable goods bett than pected, we will have more coming up first, may i have the wrong envelope a major mistake rooinz biggest night la la land oscar for best picture taken away minutes later awarded to right full winner moonlight shocking o moment in tinseltown this morning. President trump meeting with hedge and Insurance Companies as well as governors agency Congress Gets back to work very latest on their plans to replace obamacare coming up, the administration also lookinged to take on tax reform i spoke with Steven Mnuchin when we can a he expecting changes one thing secretary mnuchin said not touched entitlements were not touching those now dont expect to see that as part of this budget, we are very focused on other aspects and that is what is very important to us, that is the president s priority. More in interview coming up this morning, then could apple have a samsung problem company investigates claims iphone 7 plus caught fire, fast food beyond krournt wendys plans to add kiosks at nearly 1,000 locations market open about fractional hour dow industrials down 15 points pulling back from 11th Straight Record high close reached friday records keep coming despite fractional losses europe mixed major averages in eurozone ft 100 redaction up a fraction cac quarante down fraction, in asia overnight, stocks lower across the board, as you will see there. President trump will speak at the joint session of congress, tomorrow. I sat down exclusively this weekend with treasury secretary Steven Mnuchin president Andrew Johnsons 1865 office where we did interview to talk about Administration Priorities now. Well id say most important issue is Economic Growth the president is very, very focused on us getting back to sustained longterm Economic Growth. That the American Economy has been too slow too long we are going to start with tax reform to evidence on regulatory relief focused on a whole lot of changes to make middle class tax cuts, and to make business competitive. Will the president be touching on that. He will be touching on tax reform as part of the speech. I was talking to a bank he said i feel the shoe has been at an off my throat days of rollback people feel a big deal in terms of growth what is bestcase scenario. I think a big deal i think you have seen market erect positively in regards to the expense expectation of growth from Trump Administration. And let me just say, we believe in proper regulation so this isnt about creating risk for the taxpayers this isnt about length banks do things they should not be doing this is sound regulation we have gone too far to the other extreme. Talk to us about what you would like to see happen in terms of those tax code you want to take corporate taxes lower individual taxes lower what else should we understand fully about what the package will look like. First let me say working closely with house and Senate Number one priority, so on the personal side, it is really about tax simplification, fewer tax brackets simpler taxes creating middle income tax cut focus on personal taxes on business taxes making u. S. Companies competitive. We need a levelPlaying Field for u. S. Companies, to be able to compete in the world they just have not had that opportunity. People will be able to keep more of their own money. Not only able to keep more of their own money we expect the companies will bring back trillions of dollars that are sitting offshore, redeploy those in the United States. Let me ask you about the idea of a border adjustment tax because that seems to be the big issue, and debate, right now. It feels like the president is warming now to a tax at the border. So let me just say this is something we are studying very carefully. There are certain aspects the president likes, about the concept of a border adjusted tax there are certain aspects concerned about working closely with house the senate you are going to see a combined plan takes best of all this when we bring it forward. Right. Because people will say look how can you cut taxes on everyone, bh we are faced with 20 trillion dollars in debt, and we know that that debt doubled under president obama, in the last 8 years, how do you pay for Something Like that is that the reason that you are looking at raising revenue also cutting taxes. Absolutely we fundamentally believe in dynamic scoring, what dynamic scoring is you assume there will be changes in chaif as a result of changes in the tax cut in simply example, if we make business tax more excessive, people will be do more business here get more revenues although there maybe absolutely lower rate, that doesnt necessarily mean it is a corning drop in revenues. You are looking at a lot having options i know that the president has been talking to some manufacturing ceos this week, about the idea oa retaliatory tax how does that different than a border tax in other rds,here are countries that have a tax in place right now if china is charging us, 90 , what we would charge them 90 . First of all, not a retaliatory tax, okay . It is an idea that he is looking at calling a reciprocal tax basically saying we want to bring a levelPlaying Field so that other countries treat us the way we are treating them. Do you o worry about retaliation if we had something looks like border tax are we in a trade war getting into tax war with other countries that say yeah, you are going to do that then i will retaliate how worried are you about that. Were not getting into trade wars what we are going to do is the president believes in free trade but he believes in fair trade. And we are going to renegotiate these details, so they are good for the american public, they are good for the american worker, and they are good for American Companies. One auto ceo said to me sxhent in a vehicle go backandforth in border seven times because may be the seat made in mexico Something Else in u. S. Got to keep crossing the border how do you track that, andfying out what the right tax is . Maria i can assure you when we come out with the plan again this is going to be a joint plan, i can assure you this will be something that will be simply that companies will will know how to incorporate. And we will also we will have had lots of feedback from Different Industries we are going to make sure this works this is about creating growth this is all about creating growth and we are going to get back to 3 gdp or higher, the president retailing ceos met with auto ceos met with airlineers extraordinary this administration wants to reach out to business. Big business, small business, about those we want feedback this isnt about creating an experiment, this is about getting feedback and figuring out how we grow the economy. One of the ceos, last week that i was talking with said to me, i cant believe this i cant believe they are taking my call listening to me in terms of how i see things, very powerful, because you are getting their trust right off the bat. It is true there is an example with manufacturing ceos this wasnt just picture taking we had a working group we divided ceos into four different groups studied four different areas then all got together and reported back to the president , and Vice President , from the four different groups on action steps so this president wants action, and that is what we are committed to what do you think the timing is that was something discussed last week a market have sense he tax reform is number one priority now we see obamacare, repealing and replacing number one priority followed by tax reform what is reefkt pl realistic plan you said last week by august the impact not until 2018. Both really, really big priorities both have very important impacts on the economy. We need some more time to get tax reform don were doing it under light i think fast proposals, so for us to get this done by august we anticipate, we will do, is going to be fast. Let me switch gears ask about other roles of the treasury, of course, you are very intrical. Domestic, international, big part is combating terrorism and fighting terror using sanctions there is a very, very important tools that we have, in the treasury that is something i spent a lot of time in my first two weeks start day off every day president ial security briefing same intelligence that he gets, and the sanctions what were doing to combat terrorism is a big part of what os goes on building. In fact the beginning of the job you had to add people sanctions list in venezuela. First day on job, i announced the sanctions and showed up at press conference in white house, and you know, it that was something that this team had been working on for a long period of time, a lot of work, but we are committed to using the tools that we have, and i also tell you i have had a lot of calls with counterparts in all different governments weve got a lot of support for these programs we work very closely with a lot of different countries. I dont know if i mentioned to you in the past but i collect signed you currencies excited to get your currency when are you expecting to see john hancock there. I think a few months until we get my my name on the currency but we will give you one of the first ones and sign it. That is great. Thank you souch. , as you can see, a allimportaall the portraits. Very exciting. What does that do to you in the morning when you walk in you see you are amongst the incredibly leading people who put our kin together . Well, i realize the responsibility of this job, it is a great honor but it is a lot of responsibility. And you realize that as you walk down these has also. Here is Alexander Hamilton. Indeed. Were you a history before you in any way when you come here, there is history but tell me how it feels to you. Well, Alexander Hamilton is just an extraordinary figure. And he is just a legend here. Not only do i have the pleasure of looking at him every day as i go into my office, but he is above the fireplace, in my office, looking down over me, as he looked at many other secretaries in the past. So much has been done in this building just we were talking in the room that we were talking with after Abraham Lincoln was assassinated this was whoith white house. It was next to the white house one great part five minutes from here to president s office and back. I i didnt reallyize. I run over there many times a day. So maria here he is, as you can see, Alexander Hamilton looked down over me every day. Wow this has to be inspiring. It is incredibly inspiring. What does it do you think about you know the Alexander Hamilton had job first picking up mantle from people behind you great honor great responsibility you realize the importance and seriousness of this job. Are you work aring large on tax reform rolling back regulations. Working on everything 24 hours a day. So you will see this is the way i could emto work every day. My gosh. Inspirational looking up at this treasury. Looking at liberty bell is inspiring gives you this is america. It is indeed, a lot of history here. It is true. Do you like living in washington. I love it great city. This is the first for you absolutely. Very different from california. Big move new york l. A. Washington, d. C. Wow that is great, it feels like you have got spunk brolt spunk to town. Thanks for coming again today. Thank you so much. Our special thanks to treasury secretary Steven Mnuchin Fox Business Network takes you live to the president address, addressing joint session of Congress Tomorrow 9 00 pm eastern we take you there on Fox Business Network first much more with allstar panel when we come right back. Stay with us. Company says theyll only pay threequarters of what it takes to replace it. What are you supposed to do . Drive threequarters of a car . Now if you had Liberty Mutual new car replacement™, youd get your whole car back. I guess they dont want you driving around on three wheels. Smart. With Liberty Mutual new car replacement™, well replace the full value of your car. Liberty stands with you™. Liberty mutual insurance. Bp engineers use robotic ultrasound technology, so they can detect and repair corrosion before it ever becomes a problem. Because safety is never being satisfied. And always working to be better. Because safety is nevergreat sleep. Fied. We engineered every inch of the casper mattress to make it possible. A subtle bounce, just the right sink, we even designed a unique foam thats breathable for all night coolness. You can try it at home for 100 nights with Free Shipping and free returns try the internets Favorite Mattress at casper dot com. Maria welcome back, market looking lower this morning, we had a couple names on move apple reportedly investigating an incident after a video posted on twitter shows an iphone 7 plus catching fire. Two iphones previously caught fire in australia new jersey, this comes on heels of samsungs recall of exploding galaxy note 7 apple stock up quarter of a percent wendys to stall selfordering keying ovksz for nearly 1,000 locations by the end of the year coming from Columbus Dispatch to appeal to younger customers save on labor costs with kiosks, market hitting record after report 11 straight Mainstream Media ignores trump rally joining me host of Varney Company Stuart Varney to weigh in you and i saw it pretty early. Have yes, we did. If go in same studio would do it for you. I spent my six bucks on sunday morning, i bought sunday New York Times looking at business section whole section looking to see what were they saying about the trump rally. Extraordinary is change of mood in the america about the economy, the rise of optimism gain three trillion dollars National Wealth i thought one hell of a story in business section not there instead led with with a story about deforestation in am horizonian region antitrump boycott a whistleblower beat wicked banks opened up where in entire section is there any mention of the trump rally. It was not there, this in my opinion maria this is the dishonest immediate leaving o Dishonest Media leaves out what they dont like what is against their political point of view not even there. Did you say three trillion dollars in market value creation. Yes. Incredible. I mean by the wilshire 5,000 index 5,000 publicly trade Companies Since Election Night to friday night, the value of all those companies the value of American Companies up 2. 39 trilliondollar unreported. I think a headlined what do you think. Hello hello. One of the questions i would have about that is as a president or major politician or ceo, what recommendation would you make in terms of how do you handle that, just what kind of response can you give. Tweet it outright now. Mr. President you get on that twitter right now mr. President i believe he is watching maria we may have a tweet before i go on the air 11 minutes time. I know you will have it for us see you in 10 minutes thank you so much great analysis Varney Company top of the hour 9 00 a. M. Join Stuart Varney after mornings with maria, coming up next the oscars get political, again, as stars come out against President Trump look back at most talkedabt moments. Back in a minute. If youre new to medicare, or retiring soon, now is the time to consider your Medicare Coverage options. So call unitedhealthcare today to learn more about a plan that could give you the benefits youre looking for an aarp medicarecomplete plan insured through unitedhealthcare. What makes it complete . 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Unitedhealthcare has been helping Medicare Beneficiaries for over 30 years. Well connect you with the right people, help schedule your appointments, and with renew by unitedhealthcare, you can learn about Healthy Living and earn rewards, too. So if youre new to medicare or retiring soon consider an aarp medicarecomplete plan from unitedhealthcare, which can combine parts a and b, your hospital and doctor coverage. Part d Prescription Drug coverage and more. All in one plan. Call unitedhealthcare or go online now. Maria by now the shocking moments from scars last night moonlight named best picture trophy accidental given first to la la land from los angeles, to recap moment and more michael, over to you. Hey maria, how are you . Well last night it all started with meryl streep golden globe did not disappoint one of the most political shows we have seen in recent years lets take a look. My absence out of respect for people of my country and those of other six nations with whom had been disrespected by humane law that bans entry of immigrants to the u. S. As mexican as africanamerican as migrant worker, as a human being, i am against any form of wall that wants to separate us. This broadcast is being watched live by millions of americans and around the world in more than 225 countries that now hit a us. I want to say thank you to President Trump i mean remember last year can when seemed like the oscars were racist . All the greaeeat actors in hollywood one stood test of time in unaspiring overrated performances merrill stand you will if up everybody join me giving meryl streep round of applause. Nice dress is that ivanka. How did it go i feel people dont want to hear this anymore. I think you are right calling president of United States a racist, you know, three minutes into the whole show you have are in else to go but down that have the we are going to see ratings today this show tends to be down i have a feeling this show down a lot more than it was last year, i got to say, i really start to a umbra ige won first foreign award letter to crowd last night he talks about dividing us versus or i enemies, i mean iran probable one of the most antisemitic on the planet not to mention not catching my husband and i vacancying there any time record abhorrent if not downright evil American People get that. So in other words, we should be bothered by death to america constantly. Ridiculous, absolutely ridiculous. Thanks so much, great stuff well said absolutely it is true, i mean i think people are sick and tired of political dagen iran persecutes women persecute lbgtq individuals shot death to america as pointed out why dont you turn anger towards your own country leadership there rather than United States just gave you an award by the away. Maria how about turning efforts to job creation what American People would like to know weve got final thoughts from allstar panel when we come right back. Stay with us. Oh, did i say theres only one special edition . Because, actually theres 5. Aaaahh ooohh uh holy mackerel. Wow. Nice. Strength and style. Which ones your favorite . Come home with me its truck month find your tag for an average total value over 11,000 on Chevy Silverado all star editions when you finance through gm financial. Find new roads at your local chevy dealer. Final thoughts right now. And joe brings together business as well as sports, coach of the carolinas. What do you take away from those two positions, business and sports. I couldnt be prouder than the career path he had at Merrill Lynch and Td Ameritrade going ck to football. Everybody thought it was a difficult transition and maybe because it was difficult to do that. I was a much Better Business guy because of my experience as a coach. Im a much better head coach because of my experience as a business guy. The overlaps for both in terms of leadership is significant. First, youve got to understand how to deal with people, theyre your primary bets. Handle stress, sophisticated enough, but simple enough to he is cute. The same in both worlds. Maria it is. D leadership and youve got it. Congratulations. Always a pleasure, guys. Stuart varney begins right now. Over to you. Stuart yes, indeed, he does. Selloff monday . No, at least not at the opening bell. Good morning, everyone