News 24 7, channel 115, we are taking away time from maria bartiromo. Maria happy tuesday, thanks for joining us, im maria bartiromo, tuesday october 29, later this morning General Motors, investors are looking for the impact of the strike that just came to an end. We will have all the numbers and funnel analysis, google parent alphabet under pressure, profits were down, stock was lower by 1 and a half percent. Following yesterdays record run for s p 500, futures pulling back. Dow industrials down 55 points and nasdaq exactly where it closed yesterday. Fires are raging in california, strong winds fueling the flames in los angeles, bay area causing evacuations and massive amounts of damage, we will take you live this morning. 737 max crisis continues, boeing ceo this morning on the hot seat, he will have to answer questions about his testimony in capitol hill, thats taking place in the oneYear Anniversary of the deadly lion air crash, mornings with maria begins right now. Maria good morning, big show this morning, joining the conversation fox business Dagen Mcdowell, former wall street Editorial Board member Stephen Moore is here and Market Strategist art hogan, great to see you this morning. Markets are pulling back this morning, earnings driven, thats the story on wall street this morning, how would you characterize things so far . They will probably cut rates on wednesday. The third thing is u. S. China trade hasnt been good throughout the cycle,. Maria we had more signals that things perhaps are happening between the u. S. And china signals from lighthizer. I agree with that, the day he was elected at 18,000, 50 increase, its been a good market, i agree, the market just seems to be really fallen on news of trade deal, when its good the market sup and looking pretty good right now. Dagen the market is looking ahead from all the criticism he got from President Trump, the Federal Reserve is in the a headwind. Its a tail wind. What do you mean by that . The wall street writes that federal rate cuts have given a boost to housing, it has given a boost to purchases of autos and longering consumer goods like appliances, cars and appliances was up 14. 6 at annualized pace over the last 6 months, Mortgage Applications for home up nearly 9 from earlier this year, again, this, quote, insurance policy has helped and on the program repeatedly the economy is expected to bounce back at the beginning of the year and thats what the market is reflecting, an economy that looks better. When you combine the lowInterest Rate that is youre talking about plus the rise we are seeing for workers, right now the consumer is really driving the economy. Maria 14th record high of the year. Investors are also watching the potential olive branch on trustu. S. China trade story. Tariffs set to go into effect in december, now we hear they are considering perhaps another olive branch that perhaps means we are getting close. They are still negotiating on the enforcement mechanism. Thats the toughest thing. I talked to trade negotiators, you get close to handshake deal with them and sometimes they pull back, so lets not get, in my opinion, you cant get too euphoric about this. Then theres google. Beat on revenue, talk about higher sentiment weighing on profits, the company did hit record on revenue, art, what do you think, the stock is down up this morning, just a fraction . They beat on revenues and the missing on earnings for the right reasons when you are spending money on growth, building towards their growth, i think investors will be fine with this as you look at this right here, google is doing almost everything right but need to spend more money and investors will look by this. Maria lets get to impeachment battle, once again we are looking at criticisms about the process, House Speaker nancy pelosi now says the house will vote on thursday of this week to formalize the impeachment inquiry, President Trump weighed in on twitter writing this, the only crimes committed were committed by adam schiff when he totally made up my phone conversation with ukrainian president and together with numerous side, schiff should be imitch impeached and worse. Impeachment based on the phone call between President Trump and ukrainian president is dead on arrival in the senate, he did nothing wrong, i have seen no evidence of misconduct by the president at all, this whole thing is a sham, here is what im going to say, they vote thursday, what kind of process do they give the president . Will he be able to defend yourself, why did you pick the Intel Committee versus the Judiciary Committee . If will start process in Intel Committee, incumbent upon every american to know who the whistleblower it is, without whistleblower, there would be no inquiry. Maria fascinating story, two opeds in the journal about this, Editorial Board taking a victory lap on this because they have been saying for weeks and weeks this is unfair process but i thought the more interesting one was trumps unfair advantage which basically says that the way this process has gone is basically showing that its unfair to america and unfair advantage is that people recognize its been done in secret. Dagen thats bill mcgurns oped which is a must read. But, again, this is what republicans have called for, this is what we have talked about on this air repeatedly until we were out of breath. The most formidable constitution power to have house next to declaring war is to try to impeach a dually elected president and the American People deserve to know what is going on, its clearly been done through the Intelligence Committee so it could remain in secret and adam schiff could use the cover of things that were classified to keep it away, basically keep the transcripts to have testimony or excuse me the depositions away from members of the house, republican members of the house, what we would want to see after this vote would be the president s counsel gets to appear in front of all witnesses to make this public and to also give the minority party, the republicans, the power of subpoena, those are some of the things and maybe to have jerry nadler run it out of judiciary as senator graham was alluding. Maria for the judiciary to take over given any impeachment, that was the whole point. Ing day to make the transcript of testimony not available to all house members but make it available to the public and lets have the hearings in front of full view. Let us televise them. Maria we will see what happens on the vote because this is telling who will vote to impeach to move forward in the democrats party, 13 different regions the president won and there are democrats that are looking to get reelected. The other thing is how many republicans will break rank with trump and thats if its all partisan, i dont think trump is in very much trouble. Hes in trouble if he loses republicans. Dagen thats why nancy pelosi didnt want to have the vote, she didnt want to put the trump district democrats on record voting for impeachment and, 2, they didnt want to give the republicans the power of subpoena, they didnt want to make it available that republicans could call their own witnesses, now lets formalize it, its serious, act that way. Maria absolutely, crews in northern and Southern California raise to go contain wild fires once again, tens of thousands of people forced to evacuate, look at the pictures, fierce winds fueling more than a dozen wild fires across the street, lets get to claudia at the Incident Command Center in santa rosa this morning, claudia. Yeah, keeping an eye on the kincaid fire, firefighters got line on stubborn blaze, 15 contained an hope to boost the number today because fire conditions have shifted in their favor. More of a fuel fire fueldriven fire instead of winddriven fire. Will get aggressive and get ahead of it. Thats an advantage. Still the kincaid fire grew overnight, 113 square miles, an area bigger in size than tampa, florida since it began almost a week ago, the fire has destroyed 57 homes and threaten other 90 homes, the getty fire is 6 contained, often down the state, crews are bracing for extremely critical fire conditions tonight and tomorrow with gusts up to 70 miles an hour, the fear, of course, santa ana winds in the south and diablo winds in the bay area will spark new fears in Northern California pacific gas and electric is called for more planned outages. Drivers almost getting engulfed by smoke but amid the chaos and devastation, one photo is going viral, instead of canceling katie and curtis went ahead with wedding saturday night at sonoma vineyard, they said this photo will always be a reminder of all the people who helped them pull off their special day, this will be a critical day for firefighters up and down the state, maria, they have a small window of opportunity to make some much needed progress before the winds kick up again. Back to you. Maria really sad story, claudia karen joining us, we are Getting Started this morning, on deck retired four star general jack keane is here on albaghdadi raid, bob woodall on house testimony along with craig ingler on horror movie streaming service, monday night football, coming up, dont miss a moment of it, tough questions boeing ceo denise will face grilling on capitol hill of mistakes made up to two fatal crashes of boeing jets, details next, gamechanger, Houston Astros now ahead of the Washington Nationals as game 6 of the world series kicks off tonight, much more on this hour, back in a minute. [grunting] [maniacal laughter] gold. Gold right, uh. Thank you, for that, bob. But i think its time we go with gbtc. Its bitcoin exposure through a traditional investment account. Nice rock. Its time to drop gold. Go digital. Go grayscale. Maria welcome back, the ceo of boeing is in the hot seat, cheryl. Cheryl maria, good morning, denise will be facing two days of hearings following those two deadly crashes of the 737 max, hes expected to tell the Senate Congress committee that his company made mistakes, quote, got some things wrong, today by the way marks oneYear Anniversary of the crash in indonesia, the second crash happened in ethiopia in march, both planes went down after faulty sensors with malfunction, criminal inquiry by the Justice Department in addition to numerous lawsuits, the stock basically flat in the remarket right now. Well, hong kong officials have banned prominent joshua long from running in local elections scheduled for next month, prodemocracy candidates to gain ground, Hong Kong Government justified its actions based on the belief that wong is advocating hong kong to be independent from china. Hosting Washington Nationals in a huge game 6 tonight, great pitching matchup, Justin Verlander for the astros on the mound. Adams, hes the beer hero, thats what we call him, beer hero, let home run ball hit him in the chest because he didnt want to drop his beers, bud light got him two tickets wearing this shirt, there it is, first pitch after 8 00 oclock, dont mess with my beer, if im holding my beer, thats more important than some ball. [laughter] ive been in that spot, those are 16dollar beers. [laughter] maria that has to hurt. Lets watch it. There you go and beer intact. [laughter] maria thank you so much, cheryl. Coming up a 2020 warning, one Hedge Fund Says massive decline if Elizabeth Warren is elected president , we will tell you why, earning season rolls on, google sees costs, back in a minute. 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. And my side super soft . Be firm . With the sleep number 360 smart bed you can both. 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Not gate, expectations coming after 2 years ago they had tremendous beat and all the commentary was hopeful that they would this time but at the end of the day the core business is firing in all cylinders, you mentioned record advertising revenue up about 17 to almost 34 billion, like it or not google still a onetrick pony, that side of the business is doing well, i used to think google of cheap way, lowrisk way to play with other bets, that division hasnt panned out yet, they are swinging for the fences, the losses were 940 million, a lot of misses. Lou, how much investors worry about the government coming after google with these antitrust case which could be, you know, the next big round of antitrust action against these big hightech firms . I feel like its being price intoed the stock, we have been talking about it for so long, its been going on 2 years google, facebook and twitter, all the Large Companies until washington actually takes the step forward with something specific, i dont think it really right, just to be clear, you think the risk of antitrust actions is already priced in into the stock . I do think especially with google, i would argue its priced with facebook, you have seen Facebook Stock moved undeterred on any regulatory threats and i just think investors now become numb to the threat of it, a lot of talk, very little action coming from dc so far. Art hogan, what do you think about the conversations popped up yesterday about google taking a peak at fitbit, does that make much of a difference to you and do you think athats can move the needle . Thats very smart for google, they are going to big trends, augmented reality, cloud computing, voice assistance, this would give google a foothold in wearables, they have to be saying prayers, its a real warning for singledevice companies, think of go pro couldnt make it on its own, same with fitbit. Dagen where google could stand out is upcoming streaming, law firms launches november 19th, this is a way google is wanting to dominate, i wonder if thats priced into the stock here. I would agree with you, people are under estimating how big a player google can be, this could be the under values segment for google, time will tell, though. Maria whats your expectation for apple coming out tomorrow reaching 1. 1 trillion valuation at this point but investor are predicting thirdquarter revenue would be flat because of sluggish iphone sales, theres 5g, weigh would you get another phone now when you know 5g is coming down the pipe within the year . This is is seasonably lower quarter, quarter in and quarter out, people complain, i would tell you that tim cook has tone impressive job it i think apple has what it takes to be the first 2 trilliondollar company. Thats a big number. [laughter] look unapologetic apple fan boy and have been since 2014 but im not i havent lost my marbles, Morgan Stanley analyst came out 407, thats almost there, i mean, to get to 2 trillion you have to get to 445 per share. Maria all right, we will be watching, lou, good to see you. The albaghdadi raid, President Trump releasing video of military dog already back on the job, look at him, hes a hero, how the United Auto Workers could affect Quarterly Earnings out, later this morning, stay with us. Jardiance can cause serious side effects including dehydration, genital yeast or urinary tract infections, and sudden kidney problems. Ketoacidosis is a serious side effect that may be fatal. 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Investors want to see the impact of the strike that just came to an end in detroit, we will have the numbers for gm this morning and beyond meat, the stock is down almost 12 even though the company did report first profit and raised sales guidance, theres concern this morning about higher costs and more discounts as competition comes into this market, beyond meat shares down 11. 1 , futures are searching for direction for broader markets,