I am Maria Bartiromo it is wednesday august 16, your top stories, 6 00 a. M. On the east coast. Retail setting the tone with target in t. J. Maxx reporting that earnings ahead of the opening bell, we will have all the numbers and preview of the big walmart quarter as the august selloff deepened this morning. Take a look futures are flat after fitch warns of a possible cut to big banks including j. P. Morgan all of this as we preview housing data and the Federal Reserve minutes coming out today, 2 00 p. M. Eastern from the july meeting, european markets are mixed, take a look at the eurozone where we look at a mixed s p 100 is negative and the cat crown is higher, and asia red acrosstheboard, the chinese want falling to the lowest level since 2007. All the men enter major embassies in asia overnight lower. Back in washington, President Biden touting bidenomics at the white house marking the oneyear anniversary of the inflation inductor react as the president tries to save face on his la
Neil thank you, message from wall street to President Biden we are not impressed because of the white house was hoping investors would be wowed by the fiscal discipline that is boasted about the latest federal budget and best teachers have a funny way of showing their amazement, not amazed not wowed and not surprised the white house is bragging about supposedly reducing deficits by 3 trillion over the next ten years tells you all you need to know it leaves out the fine point that deficits will stop average 1. 7 trillion a year over the next ten years, that does not mean 3 trillion that means over the next decade, are you sitting down, its more comfortable, more than 15 trillion in more debt, what theyre bragging about it couldve been 18 trillion and more debt, that is like me saying after gaining 30 pounds over the next ten years it couldve been worse i could again 40 pounds by this rationale im down 10 pounds, no im not im still up 30 pounds, fat chance wall street would be impressed
Maria good wednesday morning, thanks for joining us, hope youre having a good morning. Its wednesday february 20 eighth, 7 00 a. M. On the button on the east coast. The hot topic of the hour, House Republicans subpoena to special counsel robert hur from a transcript of President Bidens interview from the investigation into bidens may handing off classified documents. Chairs of the House Oversight judiciary and house ways and means committee, jim jordan and jason smith requesting the materials be turned over to congress by february 19th but the doj did not meet the deadline. A former speechwriter for president obama and Vice President biden sounding the alarm on bidens age and capacity. Watch. If you watch joe biden speak, oftentimes he sounds frail and sounds more frail than he used to. He shuffles more because of the arthritis in his back. For most people in the country who are just watching him be president , what do they see when they turn on the television, they see him shuffle and
Breaking news at 6 00 a. M. On the east coast, special counsel jack smith indicting President Trump on four charges of obstruction of justice related to the january 6th capitol riot. The former president now facing an unprecedented three indictments for his cases on storing classified documents, falsifying Business Records and now defrauding the federal government. All of this coming just one day after hunter Biden Associate devon archer told the House Oversight committee that joe biden participated in at least two dozen calls with foreign Business Partners, contradicting joe bidens claims. The doj doing little to slow down any momentum in the Trump Campaign as the New York Times, Sienna College poll puts donald trump in a dead heat with joe biden in a hypothetical matchup. Everything you need to know this morning and what else is coming all morning long. First, markets are in the red, fitch has downgraded the United States Credit Rating to double a plus, thats down from triple a statu
Maria good wednesday morning, everyone. Thanks so much for joining us this morning. Im maria bartiromo. It is wednesday, april 3, your top stories right now, you 6 00 a. M. On the east coast. Today Inflation Fears gripping investors in a rough start to the Second Quarter with markets extending a two day selloff this morning as worries over spiking inflation and Higher Oil Prices set the tone. The dow industrials right now lower again, extending a selloff yesterday. The dow falling nearly 400 points yesterday on new worries had take the Federal Reserve cannot cut rates amidst persistent imflation. Opec plus is set to meet this morning after an earlier agreement to extend output cuts. Take a look at the 10 year and two year Interest Rates which are up this morning about 2 basis points apiece ahead of the weeks jobs data this week, the marmarch adp number out this morning. The jobs report on friday. Take a look at the euro zone. The ft 100 is negative, the others fractionally higher. Asia