Transcripts For FBC Mornings 20240704 : comparemela.com

Transcripts For FBC Mornings 20240704

Maria good friday morning everyone. Thank you for joining us. I am Maria Bartiromo it is friday march 15. Your top story 6 00 a. M. On the east coast. The fallout over tiktok the ceo refusing to answer whether the Chinese Government has influence over the social media app why he says it does not make sense to digest and trend divest from bytedance as more offers to make an american come in, we are following the story with the latest coming up market this morning mostly higher, take a look at futures rising once again on the final trading day of the week doubt industrials right now up 59, the nasdaq at 24 and the s p 500 up eight and a quarter we are watching Interest Rates ahead of the Federal Reserve march meeting next week on the 19th and why the inflation data makes the case to delay rate cuts, the yield on the tenure of fourpoint to 8 . European markets in the green, take a look at the eurozone with s p 100 in london is higher by 12, the cat crown in paris is higher by 24 and the dax index in germany higher by 49. In asia markets finish mostly lower the asian embassies finishing the week like this with the one bright spot the shanghai composite up half 8 , the hang seng in hong kong got 1. 5 . A federal judge rejecting president jumps into dismiss the classified documents against him even as the white house as the classified documents case against joe biden is closed after robert hur said a jury would find biden to be an eligible man with a poor memory. A georgia judge will rule under Fulton County fani willis will be disqualified from trumps election interference case. We are on all morning long, joining to the conversation former bush 43 white house official ashley davis, blonde ski Group Founder john lonski and Cheryl Casone. Mornings with maria is live right now. Why would you not just cell . We have looked at it, it is not feasible to do whatever the bill to set out in the bill. To divest the company . This bill if we go through the details this would be the banning to that. Can you say with 100 certainty that the Chinese Government doesnt have any influence over tiktok. Does the Chinese Government have influence over tiktok, yes or no . Can you promise the American People that the Chinese Government does not have influence over tiktok, doesnt it say everything you could not promise the American People that the Chinese Government does not have influence over tiktok it should be a simple and easy answer. Maria that is a hot topic of hour, fox business Hillary Vaughn and fox news Aishah Hasnie questioning tiktok and he refuses to answer whether the social media is influenced by the Chinese Communist party. Your reaction. I think this is exactly why Chuck Schumer is going to have to bring this up on the senate floor. Him not answering these questions as well as ownership of the algorithm which is the bottom line of what is happening with the chinese and this is a huge problem and they can turn into a political issue and say this will be something that the democrats dont want to pass because the popularity of the app. I think theres going to be way too much pressure on the majority leader to not bring this to the floor. Maria is a great point, there was speculation he was not going to bring it to the floor. How do you not bring this to the floor with all of this out there in the open. We all know the rules of the communist party, you have to report back to the ccp if they demand information you are going to give it to them. The ceo of tiktok from singapore who is a mouthpiece for the ccp. I find it weird that hes talking about freedom and rights when people do live in china have no rights, the other part is so interesting he did not give hillary a yes or no answer, he was silent because he knew he was being filmed and on camera. As far as is going through. If this bill passes he gives in 165 days to divest. It does not have to be sold to an American Group or an American Company as long as its not an adversary of the United States, there is plenty of time for them to divest the company. The other thing that tiktok was doing that i found offensive when this started they started to reach out and push their users who call your congressman and your senator they are telling the young people in this country that are in tiktok how to think and how to vote and thats the whole problem of why this has to happen. Maria there is something in china called military civil fusion and that is a fusion of all Companies Reported to the ccp, if the ccp deems any company and pour into the military that is priority they will demand information from the company in the company will give it up to the ccp, that is military civil fusion, meanwhile democrat strategist and allies of the white house have the political ban on tiktok could affect young voters. Research shows 56 of young adults 18 34 are on tiktok. 56 , that demographic skimming away from joe biden, fox news polls shows voters under 30 would vote for trump over biden of getting the choice. This is big. Joe biden has been promising young people all sorts of things including forgiving the student loan debt. In the last election it worked. The divestment of tiktok by the chinese would make little in terms of its content and probably doesnt matter one bit that tells me that john market prospects are not that good and there is just a lot of disillusionment with the direction that biden is taking in terms of social policy in addition to economic policy. Maria there turning on him over his stance in israel. Absolutely. Look what happened out of the southwest in austin. I just saw that on the newschannel. We will talk about that later, there turning away for several reasons. Maria we are just getting started, quick break then the power panel beginning at 8 00 a. M. Eastern, do not miss Ka Consulting Kellyanne Conway and spokesperson Morgan Ortagus, they will be here live for the power hour waiting for the biggest stories of the week, first were talking with harvard professor Alan Dershowitz he will break down what we know about President Trumps ongoing legal battles. Dont miss it, youre watching mornings with maria live on fox business. Nly limit is the sky its our time you dont want to miss it just a little bit louder its our time you dont want to miss it its your moment in the spotlight all your ambitions. All in one app. Low fixed rates. Borrow up to 100k. No fees required. Sofi. Get your money right®. Morikawa on 18. He is really boxed in here. Not a good spot. Off the comcast business van. Into the vending area. Oh, not the fries wheres the ball . Anybody see it . Oh wait, there it is back into play and. Aw no, its in the water. Wait a minute. Are you kidding me . You got to be kidding me. Rolling towards the cup, and its in the hole what an impossible shot brought to you by comcast business. luke this will be a gold mine of local intel. Just you wait. marci right. So, tell us about this corn festival . stylist 1 oooh you got your corn pudding. You got your corn chowder. marci so. Is it safe around here . stylist 2 sometimes. luke if a family of eight were to need a cold plunge, where would they find it . stylist 1 . And then they dip it in butter, then bam, it goes right in. stylist 2 . Really cute vampire bar. stylist 1 the reverend does like a blessing on the corn. luke donut shops. How far from here . marci no eyebrows . luke think of how light itll feel in the summer. Weve got to run. Eleven thousand more neighborhoods to go vo ding dong homesdotcom. Your record label is taking off. But so is your sound engineer. You need to hire. I need indeed. Indeed you do. Indeed instant match instantly delivers quality candidates matching your job description. Visit indeed. Com hire its odd how in an instant things can transform. Slipping out of balance into freefall. the stock market is now down 23 . This is happening people. Where there are so few certainties. laughing look around you. You deserve to know. As we navigate a future unknown. Im glad i found stability amidst it all. Gold. Standing the test of time. Maria welcome back take a look at features and were looking at a firmer tone at the start of trading the dow industrial 46, the nasdaq of 32 and s p 500 by higher then i did have, ten year treasury after this weeks how to the expected inflation data. The tenure is sitting up 4. 4. To eight, that would be a different story, fourpoint to 8 is where the ten year yield is were looking ahead to the Monetary Policy meeting next week on the 19th and 20th the fed is expected to hold Interest Rates steady but we want to hear what they say about the future and whether or not we will see a cut in the coming months. Housing data next week the february nah Builders Confidence index on monday that will get housing and building on tuesday by the existing home sales on thursday joining me now ceo ken mahoney, great to see you thank you so much for being here how do you view markets and what you expected for the data next week . First off happy friday it is the eyes of march, we have a lot to digest this morning as you can tell we have a little flash of witching in a flash down to negative 100 points. Cpi this week, cpi, basically online and housing is sticky thats not going to go away i dont know how the fed will get to 2 target the ppi came in higher than expected and they watch ppi over the cpi and cpi higherthanexpected is not welcome news and when you think about what you look at Housing Inventory is the issue its good to remain sticking all from covid if you think about 2021 people couldnt travel and when they do homes, pools, decks, that is a lifetime home was out of context before. That basically means thats not income inventory. We refinance 2. 75 coming out the percent now mortgages six, 8 what you do sell your home and double your payments, i think this will remain sticking for some time next week as you saw 3 chance fed funds will go lower so will take the 97 chance itll leave rates unchanged in a q a is what we will be looking at. Maria lets take a look at the a. I. Stocks, nvidia is up ahead of the annual developer conference next week, investors expected the chipmaking to make news of how the company sustained and accelerates growth, this is up better than 265 in the last year, what is your take on nvidia and the power and promise of a. I. I think it a hope a lot of investors we have been pounded the table for nvidia microsoft, we cant see the naked eye the big destructive in the mid1990s we were part of it. Com, the pcs this is back in stuff in the warehouse, i think at the conference and be able to connect the dots for investors to show the tangibility of what this is intellectual property that they have light years ahead of amd and intel and expectation are high for the a. I. Conf conference, Everything Else that jensen does i think they will exceed those expectations. People feel like i missed nvidia, listen to the ceo at the epicenter of a. I. He said were in the second or third inning, thats a pretty good run way to make money you may not want to stick around to the ninthinning or x innings but this is second or third, theres a lot more room for growth. Maria i guess theres an expectation that Corporate America will increase their spending on a. I. Chips and a. I. Related Cloud Services there is a runway there. Cheryl jumping. I was curious about the economic picture. We were looking at the pipers in the report about not so much a recession nationally but a recession in certain states. And monetarily highvalue states like california and new york and massachusetts even illinois because of the worker exodus. Here we are trying to interpret these jobs numbers month over month. Its saying basically Piper Sandler saying the labor market is not as strong as what the data is showing us and we are at risk of a recession and blue states. Does that concern you at all . Yes i thought these policies were working out of get i dont understand is that people want high crime. I thought it was an ingredient. John can tell you about this piece in some of the flows that he has seen. Certainly every time we have employment reports the president is a victory lap and all the jobs created revising cut in half and the next time the below expectations its down 13 of the last 14 reports but to your point there is a migration that is happening and i think we saw new york state loose 78000 people in the last year and sense covid 500,000 people, businesses dont feel welcome look what happened yesterday. Long story short policies are not working people taking their families and going to state that welcome them lower taxes lower crime and be heard. And this is a lot of Cross Sections that are going on on reports and particularly very deceiving going back time and time again revising numbers down sharply to make it look pretty so they could to victory lap on each employment report. Maria how do you want to allocate capital. We still like stocks you talk about the fetid inflation but we love her need to rethink earnings are really great we still cannot believe its a tale of two markets, its technology and Everything Else, working to be in the growth lane and microsoft as a favor, 14 broke out to an alltime high you get cloud, gaming at all those Different Things and a. I. Will be a creative turning. Were still in the spectacular we like the earnings and we think theyre going to be in raise guidance and will see more money gravitate toward those things. Maria the euphoria around a. I. Heating up today going into the nvidia conference next week and we may see them listed as a result, will keep a spotlight on it, great to see you. A quick break, adobe down to the premarket, shares of the Software Maker down after issuing softer Sales Guidance for the second quarter. Thats despite a double beat on earnings, adobe abandoning the 20dollar acquisition of Startup Company figment resulting in a 1 billion termination fee this is up 72 the last year, this morning 11 selloff on adobe right now, quick break for the congressman cory mills is with us an amazing story about rescuing americans who are trapped in haiti. That is coming out your watching mornings with maria live on fox business. Were you worried the wedding would be too much . Nahhhh. inner monologue another Destination Wedding . . We just got back from her sisters in napa. Who gets married in napa . My daughter. Who gets married someplace more expensive . My other daughter. Cancun jamaica why cant they use my backyard with empower, we get all of our financial questions answered. So we dont have to worry. Can we get out of here . I thought youd never ask. Join 18 million americans and take control of your financial future with a real time dashboard and real life conversations. Empower. 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Youre probably not easily persuaded to switch mobile providers for your business. But what if we told you its possible that comcast business mobile can save you up to 75 a year on your wireless bill versus the big three carriers . You can get two unlimited lines for just 30 each month. All in the most reliable 5g mobile Network Nationwide wireless that works for you. Switch to comcast business mobile and save big with up to 500 off an eligible samsung device with a qualifying tradein. Dont wait call, click or visit an xfinity store. Maria welcome back a Daring Rescue taking place. Congressman cory mills evacuating ted americans that was trapped in an orphanage in haiti. A state Department Official against traveling as Gang Violence surges. Were not actively planning for any evacuations for four years we have been telling americans do not go to haiti do not travel there is not safe to do so and for those that are there leave as soon you can feasibly do so without putting yourself at risk. Maria joining the florida congressman cory mills House Armed Services and Foreign Affairs, you have done this again, this is an incredible moment, how did you rescue and take those people out from the orphanage in haiti, tell us what happened. I got a call from representative lisa mcclain who explained her and

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