Good friday morning, everybody. Thanks very much for joining us this morning. I hope youre having a good friday. Im maria bartiromo. It is friday, march 8, you 7 00 a. M. On the button on the east coast. A time for the hot topic of the hour. Immigration, a top issue for voters. But it took President Biden 40 minutes to begin talking about the border in his state of the Union Address of which he spent very little time. Biden called on congress to pass the bill out of the senate. He put the blame on republicans over the border. Watch. My republican friends owe it to the American People, get this bill done. And in november my team began serious negotiations with a Bipartisan Group of senators. The result was a bipartisan bill with the toughest set of Border Security reforms weve ever seen. You dont think so . Oh, you dont like that bill, huh . That conservatives got together and said it was a good bill. Ill be darn. Maria joining me for our pow r wear hour is former youd you tau congressm
Nikki haley took herself out of the president ial race, Jerome Powell didnt exactly push off an imminent cut in Interest Rates. You might take powell and the points on this. Charlie gasparino driving investors now. This is a slam dunk. The markets, Jerome Powell have more influence and for the time being president ial candidates, but lets sort out what powell is saying. How do you see it . Charles it has been telegraphed. I wrote a column, hes been telegraphing rate coverage and it wont be march and it will be june. Hes telegraphing it will be 24 basis points. Thats what the markets are saying. Confirmed his telegraph that we reported on the show. Neil things are really far pushed off. Charles i told people, they told me june, 25 basis points, thats the likely scenario unless something wild happens with inflation if it starts popping up. The last cpi print was three. Adam as long as you are trending. Charles he thinks he will get it by june one thing about powell, whatever he telegraph
Caroline bitcoin hits a fresh record since its peak in november 2021. We will have coverage of the market and those meme coins in the rush. Lets first check in on these markets. Bitcoin is up, but the rest of the market trying to digest some of the runup we have seen. We focus in on mixed Economic Data today. The u. S. Showing some Services Weakness and we look ahead to testimony from jay powell, his semiannual experience in terms of the politicians. What will the grilling mean . How much will he be reticent to say that they are looking at those rate cuts anytime soon . We are looking at 1. 8 down. I want to focus on what is happening in china, the tradenames in the United States with a Golden Dragon index, off by 1 as we see a Growth Perspective coming from china. How will they get there . That ultimately what is the debt they are going to be fueling in terms of the focus on a i, on technology coming from china . Not enough to buoy the stocks and chinese names. Looking at the 10year y
We all love larry. Good afternoon, everyone, im charles payne, this is making money. Breaking route now this market is a juggernaut powered by a. I. Superpower. So will it ever, ever end . I tell you what as we discuss that we will test your comic book knowledge in a second. Well talk about the stock of the day. Meanwhile Jerome Powell making it clear to you lawmakers is in no rush to cut nevertheless they will cut. That is at least what the street is hearing. My take of america at the crossroads. Why we have to look at germany as a cautionary tale. Capitalism works. We can tweak it but dont give up on it. That and much more on making money. Dont you know who i am . Im the charles okay. In july 1965 Marvel Comics introduced cain marko, xmen number 12. There was a gym that gave him super human strength, cain into the juggernaut. Immune to physical attacks. The helmet prevented him from mental attacks. The juggernaut was not a mutant. This is the best proxy for the market. Think about th
Sonali coming up, Economic Data starting to weaken. U. S. Consumer sentiment falls for the first time in months. Another big investor warns of no rate cuts this year. We begin with the big issue. The feds handle on inflation. January is a bad month. A lot of january effects in the data. The overall story is still the same. We are moving in the right direction on inflation. It is coming down, aching progress. We are on track to get cuts. We know the fed will get cut. It is how many we get. We are in this process of capitulation. The market thinks the average will be more like three cuts. The fed is continuing to tell us data dependency and we are watching that data. We wont be surprised to see march and april core inflation come in weaker. How q2, we will see all of those beginning of the year effects. Talk to me in the spring. Lets start by looking at the twoyear yield. Massive movements. More than 20 basis point move from peak to trough over the course of this week. Beginning the week