Transcripts For FBC Mornings With Maria Bartiromo 20240713 :

Transcripts For FBC Mornings With Maria Bartiromo 20240713

Now. Maria big show today, Dagen Mcdowell and emily and James Freeman. Great to see you. Good to see you. Dagen surrounded by all the super smart women. Yes. Just like at home. Maria director or something new . In other words, social media obviously one of the big stories, i have to get your reaction on what you heard. Make zuck is going to be on his own, we will let this democracy play it out and people debate online and people say the messages they want to say, its good news that despite the lose of some partners and political heat hes pressing ahead on his crypto currency plan. We could use that, maybe good for consumers. Maria a lot of pushback because of what he learned in other businesses, facebook ceo testified before lawmakers answering a variety questions on china, crypto currency and libra and watters kicked things off, watch this. Given the companys size and reach it should be clear why we have serious concerns about your plans to establish a Global Digital currency that would challenge the u. S. Dollar, in fact, you have opened up a series discussion about facebook should be broken up. I actually dont know if libra is going the work but i believe that its important to try new things and as long as youre doing so responsibly, thats what his made america successful and Tech Industry has lead the world, i probably 10 years ago would have been more optimistic that trying to work in china could have contributed to making a more open society and today it seems that in some cases working in china not only does not do that but compromises Americans Companies ability around the world. Do you see potential factchecking . Well, congressman is bad and if you were running an ad that had a lie that would be bad, thats different from it being in our position the right thing to do to prevent your constituents or people in an election to seeing that you had lied. So we can so you wont take down lies or you will take down lies, its a Pretty Simple yes or no in. [laughter] maria emily, what did you thing . The most interesting grilling came from congressman sherman, the libra association, you cannot hide behind it should something go horribly wrong and challenged the notion that up until now zuckerberg has been championing, a lot of companies have dropped off from it, its not the shiny gold star that zuckerberg portrayed to be. We have now have 47 attorneys general who have joined the statewide Campaign Investigation into the antitrust nature of facebook. I think those are the things that facebook really has to watch out for because ultimately it wont be defensible if this is totally hijacked with those with nefarious intent even though as we heard yesterday, duck Berg Zuckerberg said its for the poor and defranchised. Dagen now theyre all upset about free speech, we need to police speech, particularly on facebook because its moved against them. The wall street journal wrote recently that many many liberals, elite consensus, advance liberal social causes and they loved what facebook was doing when it benefited president barack obama 2012 president ial campaign where you could get access the data and behavior of the friends of friends, the social graph, if you will, facebook did away with that in 2015 but since donald trump the president ial election and the Cambridge Analytica scandal came to light, they are they could remove the liability waiver that social Media Companies have for usergenerated content. Maybe they will, maybe they wont but this was high comedy coming from the left. Maria my favorite was when Maxine Watters got into it with him and talking about whether politicians lie. [laughter] yeah, i mean, factcheck every message from the honorable esteemed members to have congressional panel, obviously they couldnt get much else done. But i thought he that was exactly the right analysis on china. This is this is essentially the central problem which is we opened up trade with this country thinking that capitalism would be a liberalizing force, that hasnt happened. The government is getting more repressive and i think he i dont know if he mentioned the nba, but youre seeing that intimidation thats causing u. S. Companies to have to not just be silent but seemingly sometimes even endorse repression. Dagen this is kind of a flair in the air, if you will, for a warning to American Companies that if you side with china versus western values, you might have some problems. And hes on the right side of the constitution here although First Amendment doesnt apply to that. Maria i really like that actually and god for you for highlighting shaq, this is what we do, we have freedom of speech and thats just the way it is, china, as opposed to lebron james who said he didnt know what he was talking about and uneducated on the subject. Tesla is soaring this morning, the company crushing expectations, the results calming investor fears about Production Growth and profitability, microsoft reporting strong earnings as well, attribute to go cloudcomputing business, ford missed thirdquarter expectations, lowered yearend guidance and look at ford shares, having a move up in the last day or so but its been a its been a tough week as you can see, twitter will be out in about an hour and a half and am done is reporting after the bell tonight, so so far in terms of the Earnings Reporting season, comments . Yeah, generally god, some misses, not across the board positive news, i think i think along with the earnings today itll be interesting, we will get some more manufacturing data from the Census Bureau from ihs market puts latest pmi out, so weve had some kind of soft data on Industrial Production with the exception of the richmond fed with exception of earnings and Industrial Production readings we may get a better sense. We will see about manufacturing, we have boeing and gm as big impact in manufacturing numbers, we are waiting on that, we will get the clarity on really how weak the Manufacturing Sector is, go ahead, dagen. Dagen tesla with incredible report, surprising to upside, surprising on the profit for most recent quarter but saying it would continue to be profitable although new products may hurt company and margins, recorddelivery figure helping the stock, but, again, talk about people underestimating the potential of the company, 18 is kind of astonishing. Im just wondering if theyre overdoing it in this direction now because even though it was a surprising profit, the production, its a record but its still not really where they want to be. , i mean, they will be working pretty hard and long. Dagen this is the land you want to live in if Elizabeth Warren becomes president. Thats all i will tell you. Maria banking is trying to get ahead of that there shaking in their boots with Elizabeth Warrens promises to break up the major banks. Dagen im not saying thats why the stock is up, again, the delivery number came in early october, so people should have known that the results would be better. Maria impeachment proceedings getting heated, emily, republicans delaying testimony of pentagon witness, protest the nature of the houses impeachment inquiry, things have been leaked selectively like the most recent testimony, the Opening Statement has leaked and John Ratcliffe throws a whole bomb into all of that and totally undoes what what the leaked Opening Statement says and yes we dont know what the question is, we only see the Opening Statements, the bottom line they are releasing things selectively. Yes, for the average american, this is equal parts exhausting and infuriating, what they are subjected to, what they are seeing is that legislators are creating skepticals back and forth and we have allegations of security breaches, when the leaks come from cell phone photos and ultimately the end to have day this is dealing with nonclassified information with issues of transparency back and forth, the average american deserves to see all the evidence and the constitution talks about a consensus, right, thats what we pay our legislators to come to during this inquiry and during the entire investigation so the fact that all we see is bickering doesnt bode well with the average voter. Maria yeah, i agree with the Editorial Board this morning with the blunder, pelosi impeachment blunder. Dagen this show doesnt really help because the house members on the republican side were violating the rules, so, again, how are you going make the argument that nancy pelosi isnt playing there are no impeachment rules in the constitution but certainly the precedent of nixon and clinton impeachment, potentially finishing these congressional members who barged into the secured area without permission is the fact that even though the position was being held in a classified space, the deposition itself was not classified and there lies punishing the individuals, i dont know that that went off the way that they wanted it to. Maria all day, every day we got another situation that we are sort of unpacking, if you will, i think people want to get stuff done and they want to see progress and theyre not getting anything i dont at the end of the day thats whats going to be remembered on the part of the american voter, what do you think . At the root of it we now have everybody essentially including the bidens agreeing that the deal was inappropriate and i think theres a great Public Interest in finding out exactly how the Intelligence Surveillance tools of u. S. Government got turned against on cigs Political Party in 2016. On the two underlying issues, i think a reasonable person would say those ought to be looked at. Dagen they are being looked at, though, parallel investigations with ig report and john durham investigation that continues to expand, clapper and brennan are certainly on the radar now, i have more hunter biden news in washington post, i am going to sit on it. Maria tell us at some point on the show. We are Getting Started and theres that, stay with us, also Peter Navarro here on china trade where we are on that and usmca, antonio is here and Cloud Computing driving the better than expected numbers on a number of companies, texas congressman and House Appropriations committee Henry Cuellar and former chief economic adviser ed lazeer on usmca, stay with us, big show coming up. We will take a break, path to peace, President Trump lifts all sanctions on turkey, declaring cease fire in syria permanent, we will talk about it. Stay with us. And choose any car in the aisle. And i dont wait when i return, thanks to drop go. At national, i can lose the wait. And keep it off. Looking good, patrick. I know. vo go national. Go like a pro. Liberty mutual customizes your Car Insurance, so you only pay for what you need. I wish i could shake your hand. Granted. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Audreys on it. Eating right and staying active . 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Collusion between prosecutors, government officials and nissan executives to drum up criminal allegations in order to remove him as chairman of a company. And then theres this, news from deep in the heart of texas, Washington Nationals are another game closer to winning first ever world series, they beat the astros at home in houston again last night, killer game, outpitching justin verlander, beat astros 123. Olympic Gold Medalist throughout first game of pitch. [laughter] cheryl anyway, that was one to remember for sure, looked hike she had a great fire. Nationals on fire, people, man 123. Maria i love that. Cheryl in houston. Dagen standing next to the catcher, though. Maria shes so little. [laughter] maria love it that she did that before the pitch. She got the autograph after signing the ball, she should have been the one signing the ball. Maria what a pitch. 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I mean, you nailed it on head the large tech monopolies are considered Growth Companies, trillion dollar Growth Companies nonetheless, amazon is on fire, microsoft beat revenues yesterday, stock is down because the investors didnt see enough growth particularly with azur as they wanted to see, all of the companies are valuated from a growth perspective. Amazon probably being top pick amongst all of the bigtech stocks that are out there right now. Maria your top pick . They are on fire right now, they have so many new business initiatives in addition to just ecommerce which they do 277 billion in total for 2018, 20 every quarter, and still Consumer Retail in the United States is 2 and a half trillion dollars, theres so much growth in the core business let alone the other new businesses that theyre spinning up quite successfully. Can amazon get away with anything, though, because its been a real spotlight on them selling say expired food, today the journal reports that they offer a steady stream of clothing from dozens of bangladeshy factories that are shunned by other leading retailers, they behave like they cant be touched but theres certainly a spotlight on their behavior. Great point, vulnerability from say regulatory standpoint is how they treat sellers, ftc is recently investigating how amazon is treating sellers on the marketplace, eu who heads up regulation, also looking at this, i thin

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