District fit rather than delaware, maria asked texas senator ted cruz about this on sunday morning futures yesterday. Your reaction to david weiss named special counsel. He is a wildly inappropriate person to be special counsel we should have a special counsel, number one, we should have a special counsel to investigate Merrick Garland, for whether he lied under oath to congress in response to questioning from me, number one, and when he committed obstruction of justice those are both allegations, that came from the whistleblowers, number two, we need a whistleblower not to go back, and bury what hunter biden did what david weiss has been doing for five years what we need a special counsel to investigate joe biden, and the 20 Million Dollars that his family received while he was Vice President , allegation now is for official favors that he was selling that is bribery, it is not a little gun charge on hunter, it is bribery of the president of the United States what allegations are, thi
Welcome back. Good thursday morning. Thanks very much for joining us this morning. I am maria bartiromo, thursday, august 17, 8 00 a. M. On the button on the east coast hot topic of the hour President Biden democrats celebrating socalled Inflation Reduction Act yesterday at the white house touting Green Energy Push and bidenomics. Mr. President , this is your day. This is your day mr. President introduced the first climate bill in the senate 1986, before i was in congress [laughter] this was amazing effort, to pass one of the great legislative feats of the 20th century 21st century probably 20th too. Financial times in the wall street journal, called my plan bidenomics, i am not sure they meant. Guess what it is working. A a poll Shows Majority americans disagree, 58 say they disapprove of biden handling, 36 americans approve of it mark weve been talking about so he bidenomics last two years what have we got the. A big zero everything that is happening as far as like real wages are bel
Of china casting a dark cloud other its economic output. Industrial production, meanwhile, coming in weaker than expected and, oh, yes, china unexpectedly cutting rates by 15 basis points. All kind of negative headwinds. Now on the other hand, strong data guest canically not helping Investor Sentiment either. Retail sales rose more than expected showing that the consumer here in the u. S. , very resilient. But you know what thats codes for, yep, the feds could have to keep rates longer for high higher can higher for longer, rather. [laughter] Neel Kashkari saying today we are, quote, a long way from cutting rates. Oh, great. Those higher rates, however, certainly have proven burdensome to banks. Today Credit Ratings company fitch warning it may have to downgrade several u. S. Banks including jpmorgan, the big financials all moving lower on that warning as you can see. Morgan stan hi down 1. 33. Morgan stanley. Regional banks also seeing declines on worries over tighter regulation, toda
Said biden made it worse, that is not good for president hu is touring the country trying to sell bidenomics. Maybe thats why an increasing number of democrats are trying to get him to step aside. Congressman dean phillips has launched a National Campaign asking the party to find someone else. After many summit with leaders of south korea a the president leleaves in lake tahoe californa so he can be in hawaii on monday. Lets get to the market, you are not going to like this, look out below, the dow is looking at the worst week in five months. The opening bell, were probably going to be down 160 into serious loss and the nasdaq, down 130 points. Interest rates, uptrend, that is not good for stocks, the ten year treasury yields well above four and a quarter percent, 427 in the twoyear treasury getting the same of what what it was yesterday. Slick close to 5 , look at bitcoin a sudden drop after elon musk said he had written down the value of the Crypto Holding that spacex, the wall stree
On this just moments ago. Listen here. And the president has said he wished he didnt call this the Inflation Reduction Act. What should you call it . Well, he said following that sentiment because i think its a complicated bill that it also has reduced costs and i think its very important to note that both on healthcare and as i noted on the energy side we have already seen costs coming down. John are they . I mean, gas is nearly four bucks a gallon again. Gillian home prices are up. John are americans really feeling any relief as john suggests they are . Im john roberts. Good to spend another hour with you. Gillian you as well, john. Gillian turner in for sandra. Trying to narrow Donald Trumps polling lead. John only one clear frontrunner and that is the former president. Florida Governor Ron Desantis and tim scott are the two main contenders for the top spot. Gillian the majority of Republican Voters agree trump is in the best position to beat trump in the general, 28 are arguing for