Maria good tuesday morning, everyone. Thanks so much for joining us this morning. Im maria bartiromo. It is tuesday, april 2nd, top stories right now, 6 00 a. M. On the east coast. Today futures indicating a lower opening at the start of trading this morning, take look. Were talking about a decline of 134 on the dow industrials, nasdaq down 46, s p 500 lower by 10. This after stocks traded lower yesterday kicking off the Second Quarter on the down side. Stocks lower on Strong Manufacturing data monday, suggesting less need for aggressive rate cuts. When all was said and down the dow industrials yesterday down 240 points, nasdaqs was up 17 at 4 00 on wall street. This week clarity on jobs, we are waiting on the jolts report out this morning at 10 00 a. M. Eastern, followed by the march adp number out tomorrow morning and the march jobs report out on friday. Were all about jobs this morning. Meanwhile, trump media and Technology Group this morning trading this way after yesterdays selloff, the stock extending the losses right now, djt finished down 21 yesterday and this morning is down another 3 andahalf percent after the huge runup and the successful ipo, despite declining cash and losses, will the volatile situation continue . Back in washington, more pushback on speaker Mike Johnsons plan to move a bill sending aid to ukraine. Were on it this morning. European markets are mixed, take a look at the eurozone. We see gains in london and paris. The ft 100 up 22, the dax index in germany lower by 31. In asia overnight, also a mixed showing, mostly higher, however. Hong kongs hang seng index up strong, up 2 a 2 and a third pet on the session. President trump gearing up to campaign in michigan and wisconsin as the former president posts the 175 a Million Dollars bond in his new york city fraud case and a federal judge denies all of Hunter Bidens attempts to dismiss his tax case. Were getting into it. Joining the conversation all morning long this morning, Strategic Wealth partners ceo mark tepper, former u. K. Prime minister advisor, thomas corvette dylan and fox business Cheryl Casone. Mornings with maria is live right now. Calling gloria. Gloria. I think theyve got your number. Gloria. I think theyve got the alias. Gloria. That youve been living under. Maria time for the hot topic of the hour. Former President Donald Trump posted his 175 million bond in his civil frau fraud case preveg Latisha James from seizing his assets. Trump writing this the case was an election interference con job with no victims except him. The former president holding rallies today in michigan and wisconsin where hell address the border crisis and try to win over swing state voters. Mark he t tepper, your reaction. Im glad that in the Latisha James fraud case, im glad President Trump posted his bond and hopefully this thing gets overturned on aappeal because ive said it before, this is a straight up confiscation of assets by the government which is scary for all of us normal americans. If they can do it to a big guy like trump, a former president , they can do it to any of us. Thats incredibly scary. With regards to whats going on in the swing states, i mean, when you look at head to head trump is ahead of biden in all seven of those sw swing states. When you complicate things by adding in a third party, rfk, trumps lead widens further. So look, i think what youre seeing happen right now is youre seeing trump at a bare minimum put his efforts where its going to matter the m. Maria yeah. And you know, its interesting, Hillary Clinton was on a show yesterday somewhere and she said look, i dont understand what the debate is. Youve got one candidate who has a heart and the other candidate who has 91 counts against him. Thats what they wanted to do. They want to be able to say hes got all these indictments against him, Cheryl Casone, to muddy up his name. Thats the whole point of all of this. Right. We know what the two lines of attack are going to be from the Biden Campaign from now until november. And that is going to be going after the legal issues that are facing former President Trump and then theyre also going to talk about womens rights, those are the two things they feel they can win on. But its not about the strength of the biden harris agenda that theyre going to run on which i find is very interesting. Theyre going to try to gaslight the American People about the southern border and the economy. Maria President Biden is touting his administrations economic gains. He did so during the Easter Monday interview yesterday. Watch this. People are saying but mr. President , im feeling my buck isnt going as far. What do you say to those of folks about the economy and whats going on . I say we have the best economy in the world. Weve got to make it better. Jobs are up more than theyve ever been. We have the lowest Unemployment Rate in 50 years, it was maintained. I think the country is going to come together in a way i mean that sincerely. Im truly optimistic. Maria hes truly optimistic, thomas. Well, you know, look, as someone who worked on campaigns, i dont think ive ever seen a campaign in a worse situation. Theres obviously been history in the candidates. They havent achieved much in the policy. Thats fine. What do you do, you run on personality, you say hes a great guy, everyone loves him, kissing babies and things. They cant do that. Theyve got a terrible candidate, a terrible legacy. Theyre in a real problem. The idea they can keep gaslighting the nation, saying youre wrong, what do you mean youre moneys not going as far as it is, of course it is, youre completely wrong. Theyre in a difficult situation. It seems like the only base of people they have supporting him are trump haters. Theres no one out there thats passionate to support biden, theyre just passionate that they dont get trump again. Thats not a good situation for the campaign to be in. Maria tell me its sunny out when its pouring, tell me the opposite of whats happening. While biden is touting how great his administration has made progress, a bank rate study Shows Americans in nearly half of the 50 states need a six figure sal salary to afford a n priced home. The cost is increasing more than 42 from january 2020 when joe biden walked into the oval office, a full year before he took office until february 2024. In that four year period, up 42 , cheryl. Right. I mean, it is the economy. It is the inflation story up 18 under president joe biden, a lot of that is the fiscal stimulus and policies we have seen coming out of washington and the administration. Nobody wants electric vehicles note to white house, we dont want evs. We want to get the economy back up and running. Theres a great these in the journal called the biden trump economy and nostalgia, talks about the shifting economic story of the nation and how that needs to be addressed over the next several months before the election all right. Were going to take a short break. When we come back were talking about this huge rally in oil, crude and brent up this morning as stocks are down. Stocks are slipping this morning, negative start to april and the Second Quarter. Where investors are putting their money in this week of jobs data. Our power panel is back this morning, former House SpeakerNewt Gingrich and former georgia congressman doug collins will join me at 8 00 eastern. Dont miss it. Youre watching mornings with maria live on fox business. Stay with us. Everyone say space pod meanwhile, at a vrbo. When other Vacation Rentals are just for likes, try one where youll actually like. The future is not just going to happen. You have to make it. And if you want a successful business, all it takes is an idea, and now becomes the future. A future where you grew a dream into a reality. Its waiting for you. Mere minutes away. The future is nothing but power and its all yours. The all new godaddy airo. Get your Business Online in minutes with the power of ai. [busy hospital background sounds] this Healthcare Network uses crowdstrike to defend against Cyber Attacks and protect patient information. But what if they didnt . [ominous background sounds] this is what it feels like when cyber criminals breach your network. Dont risk the health of your business. Crowdstrike. We stop breaches. Maria welcome back. Take a look at futures this morning indicating a decline at the start of trading this morning, the dow industrials down 161, nasdaq down 47, s p lower by 11 andahalf. Extending yesterdays selloff, stocks fell yesterday, kicking off the new month and Second Quarter as you can see, the dow industrials were down 240 points, s p was down 10 andahalf. The nasdaq was higher yesterday aztec traded up as tech traded up. This morning we have another wrinkle in things, thats a spike in the price of oil. Brent is now at 89 a barrel. That is up almost 2 . Crude oil is up better than 2 right now. Sitting at a level of 85, 42 on the price of crude oil. Interest rates meanwhile hovering around 4. 2 , take a look at the 10 year, and were looking at a 4. 3 this morning, up 4 and a quarter basis points. Big move here in the 10 year to sit at 4. 35 . This week is all about jobs, weve got the jolts report out this morning at 10 00 a. M. Eastern and the march jobs report out on friday, economists are expecting 200,000 jobs have been added to the economy in the month of march with the Unemployment Rate at 3point of 9 . Join us for the numbers throughout the week. Joining me to get ahead of it is ceo ken mahoney. Great to see you. Thank you for being here. What do you think is troubling markets this morning . Youve got yields up, oil up, stocks down. Right. So we saw that yesterday. Nasdaq gapped up 130 points and before noon reversed a lot of it. This has been a strong market since october. We went from keeping Interest Rates higher for longer in october. Here we are five months in a he row. Coming into earnings season, is some of this priced in . Probably. The cross currents, prices are going higher. Yesterday that moved lower, flushed lower, because 10 of 10 ofyear treasury went higher. We could have a technical correction but when earnings season comes the next few weeks, big tech earnings and those companies i believe will beat and raise guidance, that will be the focus. The next couple weeks, there could be some chop, chop, higher Interest Rates, higher oil, lower stocks but earnings season, the microsofts, nvidia, the big names coming out, i think investors will be happy with those reports. Maria its a great point we will certainly watch earnings dictate performance in the coming week andahalf. Well start with of course the major banks in two weeks time, reporting First Quarter numbers. Mark tepper, jump in here, because in the vacuum of no earnings, were focused on oil and its not a good picture. No, its not. I mean, ken, when you look at oil prices, oils up over 20 so far yeartodate whether were talking about wti or brent. At some point High Oil Prices will negatively impact the economy and the stock market will throw a fit and start to sell off. My guess is when youre at 85 and 89 a barrel were probably not too far from that point. I would think anything above 90 a barrel becomes a big challenge to the market. I would love to hear your a take on that. Obviously you hit it right on the head. Gas prices going up again, crude translates to higher gas prices and consumers pull back, say wait a second, were back to where we were a couple years ago. We know the start of this is we were Energy Independent and upon the new president , 14 minutes later were energy dependent and this started pretty much if you think about it the summertime, low 70 a barrel and the saudis came to the table and they cut rates. And they cut rates again. They cut supplies. Im sore. Thats what you see is the game gamemanship, cutting supplies and you get a lift in demand arrest here we are, 88 a barrel will translate to higher gas prices and can potentially weaken the Consumer Confidence which weve seen actually Consumer Confidence been going up the last couple quarters, you may see that receding as people start seeing a bigger bite of the wallet is going for gas prices. Maria you look at oil and say does 85 a barrel, is that attributed to the fact that theres more demand, a growing Global Economy . Or is this ultimately going to be a negative because its going to cut into individuals and businesses disposable income. It can be a big negative. You wonder is it supply issues . Why are we seeing the rally in oil this morning, up 2 on crude, now 85, 40. Right. Again, you mentioned the supply cuts. Youve seen some demand go up a little bit. Its mostly supply side that we see and thats why were seeing higher oil prices. Remember, were fighting two wars here. Theres so much thats going on at the moment. Its hard to put all this stuff together but at the end of the day whats more important for the average consumer in the u. S. , youre seeing 3. 70 a gallon, 4 a gallon, the 4 is a psychological fact where consumers say well pull back on the restaurant tonight or pull back on this when they see 4 at the gas pump. Maria what do you think about when you see trump media and Technology Group, the stock, djt the, selling off yesterday, down 21 after the Company Reported 58 million loss for 2023. I spoke with devin nunes over the weekend, hes telling me, look, weve got cash on hand, were going to the business out. Were a startup. This morning the stock is extending losses, 21 decline yesterday, another 3 selloff this morning, down 2 and two thirds percent. What do you think about this . What would you do as an investor. We would stay far away from it. Were growth managers to begin with. I know a lot of people or some people really like trump. Thats who is buying the stock. Dont confuse your hobbies, your interests with the stock market. Youll get crushed. I wouldnt go near the stock. Theres opportunities other places, especially a. I. Maria great point. Great to see you, ken. Thank you. Ken mahoney joining us or markets. Pvh is down sharply in the premarket. The company plunged after issuing lower revenue forecast for the year, saying the revenue barely grew in fourth quarter, reported a net profit of 271 million on the north american performance. Theyre warning First Quarter sales will d be down 11 . The stock is down 23 right no. More discord in the house as speaker johnsons decisions on ukraine aid are questioned by Marjorie Taylor greene. House Budget Committee member buddy carter is here with information from the hill. Then, the white house dismisses concerns of americans over squatting laws. Wait until you hear this one. Its making a buzz this morning. Back in a minute. Stevens dribbles up the court. He stops . 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