Transcripts For FBC Mornings With Maria Bartiromo 20160930 :

Transcripts For FBC Mornings With Maria Bartiromo 20160930

Campaign manager says about him. Donald trump has built a lot of businesses on the backs of the little guy. Maria samsung feels the heat this morning over replacement galaxy 7. Take a look. We are looking at fractional losses this morning. It all started in europe, dragged down because of new low this is morning for shares of Deutsche Bank. We will tell you about the Deutsche Bank story. Index in germany all down more than 1 . In asia overnight stocks stumbling to end the week, both nikkei ending well over 1 . Hang seng down almost 2 and if you feel the need for speed for the family ferrari wants to put you behind the wheel of new super fast family car. The surprising reason why you cant buy the 2 milliondollar convertible, actually. Joining me to break it all down Dagen Mcdowell, morgan ort, ortegus. Dagen i can answer that question. I will never own a ferrari. Certainly not one like that. Big show ahead. Fox military analyst jack keane is with us and bob carry and trump Senior Advisers dr. Ben carson joins us as well. Lots to come in the morning. Investigators trying to figure out what caused the deadly commuter crash claiming the life of one person, a young mother from hoboken and also injuring hundred others, plowed into a hub yesterday at 9 00 a. M. , just before 9 00 a. M. Yesterday morning as ntsb investigates whether the train was speeding, the focus on train control. The train came in at much too high rate a speed and the question is why is that. The train obviously came in at too high rate of speed, it didnt stop, it went through barriers, the positive train control system no doubt can be a benefit depending on the circumstances. And what we are saying here is we dont know what the circumstances were. Maria none of new jerseys tracks or trains are equipped with mechanism. Joining me now rus, thank you so much for joining us this morning. Can you explain this alignment or this positive Train Technology that obviously failed or is not available . Positive train control is a system that actually has several levels to it and highers level it will stop a train anywhere thats going too fast n. This particular accident, the train was coming to a stop so obviously any speed over 0 is going to be speeding or too fast but this system even at that lowest speed would have on high level would have stopped a train. Maria so why wasnt the positive train control in this train is there an issue around that and why that was not implemented in this train . Why havent we seen that in the train to new jersey or this particular train . On new Jersey Transit, actually has a form of positive train control called automatic train control and atc is a normally for mainline trains, once you come into a yard, youre going 15 miles an hour generally or lower on what they call restricted speed, your automatic train control system is relied on the engineers actions or inactions in this case. Maria is this an infrastructure problem is what im really trying to get at . Who is accountable for the fact that the positive train control was not there . Well, the federal Railroad Administration has mandated at the behest of congress that it be implemented and its been pushed back for a variety of reasons, most of which have to do with technical reasons, inner operability reasons and also to some extent cost reasons, its a very expensive system and trying to make sure that the system works for a variety of railroads and also a technical aspect of getting enough bandwidth from the federal communications to accommodate. Maria sounds like it was too expensive and they didnt want to pay for it . Not really. Theres really no economic benefit as far as the freight railroads come. The mandate was primarily and it is emphasized for computer trains where we have peoples lives at stake. Money is a certain aspect but i think the technical reasons are as much or even more so than the money involved here. Maria thank you very much. Are you sure joining us there on the fatal crash yesterday. Politics this morning. The countdown is on, 39 days from the election. Donald trump joins Union Workers in michigan today as Hillary Clinton stumps for votes in the crucial swing state of florida with now 39 days before election day. The attacks are ramping up. Watch this. Follow the money. The wealthy donors who want to shut down american energy, the special interest who want to open borders, the wall Street Investors who have rigged the regulations against the middle class, theyre donating to Hillary Clinton, follow the money. Donald trump is also proud that he rooted for the housing crisis back in 2008 and 09. What kind of person believes that . Throwing people out of their homes, foreclosing on them, destroying the dreams. Well, i will tell you thats a person who should never be president. Maria i want to bring in boris, Senior Adviser to Trump Campaign and kristin anderson, gop pollster and Washington Examiner columnist. Kristin, let me kick it off to you. Hillary clinton has been using the line follow the money. Does it resinates . Much more populist argument. Usually winds up republicans being in the pocket of big business and trump has flipped that on its head. Thats when trump goes on Hillary Clinton on the issues, they tend to be tied in the polls and voters are equally as likely to say they trust Hillary Clinton than donald trump. This is a strong message for him. Question is does Hillary Clinton counter by making the case that donald trump is not actually a populist or real champion of the people, does that wind up sort of making it a wash at the end. Maria thats what she has to do. He keeps taking the bait and being forced to explain things like what his explaining right now, his business and personal attacks from Hillary Clinton. Well, that attack from Hillary Clinton is another example of the clinton acting like the American People are stupid. Of course, a real estate magnet, a developer will buy low and sell high. Thats all he was saying, right . All of us knows that. Thats completely basic information and the American People are smarter than to buy the crooked argument. 22million given in speaking fees over half of that, over third received government contracts from the government while Hillary Clinton was secretary of state. Dagen he had a tracy debate performance. It was rough towards the end but he cant get out of his own way. Hes tweeting in the middle of the night tonight, he was up at 3 25 a. M. Tweeting the following and this is legitimate any time you see a story about me or my campaign saying sources say, do not believe it, there are no sources, just made up lies but he brings up Miss Universe again and again, crooked hillary was used by my worst miss u. It keeps on. Thats just the truth. Dagen drop it, drop it. It doesnt help him. How does that help him . Somebody who is authentic, real, not scripted, robotic. Hes answering based on his own background. Maria they want to hear about the economic plan, they hear about what he is going to do National Security. Why doesnt he stay on messages . Hes somebody who is able to defend himself. Hillary clinton did get dumped. She brought it up. Bring it on. Give me all the info. Im not going to get into it. Dagen that fact that we are sitting here talking about it and donald trump shows hes off message. Shows that hes defending himself. Hi energy in the middle of the night. [laughter] taking a long sleep while kristin is still there, he seems to have a challenge here trying to bring home to the Republican Party those normal, normally republican su burr bean voters suburban voters. What we heard antitrade, we didnt hear much about the tax reforms. Does that does that populist message any trade, any wall street, antispecial interest, is that working with those republicans that he needs in the suburbs that have been reluctant to join him . The challenge hes going to have and you survey voters and you ask them are you anxious about the idea of Hillary Clinton being president , are you anxious about the idea of donald trump being president , there are a lot who are anxious about both them on Hillary Clinton they are anxious that she might not keep us safe, no change or bad change, on the other hand, does donald trump perhaps represent too much change. Im not sure that in the debate on monday night he addressed enough of those concerns for folks that are anxious about the future overall. They know that we need some change but is donald trump perhaps too dramatic a change and does he not necessarily have the concrete economic plan they need to get their own careers back on track. 70 , 70 of americans want change and 70 of americans dont trust Hillary Clinton. Its literally the same number within a couple of points. What does that tell you, she is something who has been around for so long, 40 years in the public light and has not done anything in the career, failed the dc bar, three bills passed, one was highway and another one post office and lamp reserve and awful, awful secretary of state. She represents no change. Shes talking about his career, she lied about the Service Server she set up. We should never stop talking about the fact. Maria you dont have to tell us, you have to tell donald trump. Im telling everybody, the American People. This is a person who feel failed the commander in chief test, she set up a private server which allowed for foreign entities and unfriendly entities to gain access. You need to get on the phone and tell him to stop tweeting. She is who he is. [laughter] maria is there something you can do for him beyond going on shows and being a surrogate to actually resinate with him that hes hes talking about things that the American People dont want him to talk about and certainly supporters. Theres a whole group of supporters who want to make a bet on change, want to take a risk on donald trump but he keeps taking himself out of message. Hes not going to stand up to people bullying our country where Hillary Clinton is trying to bully him. Thats exactly what shes trying to do with the worthless stories in the past. Maria good to see you both. Thank you very much. Coming up investors and hedge funds ditching Deutsche Bank with concerns of instability, what the german banks troubles could mean to american banks and the financial system, next shipped from here, on this plane flown by this pilot, who owns stock in this company, that builds big things and provides benefits to this woman, with new cabinets. They all have insurance crafted personally for them. Not just coverage, craftsmanship. Not just insured. Chubb insured. Maria welcome back, we are watching Deutsche Bank this morning again opening at record lows in europe this mourning. Continuing to fall, following report that is hedge funds have pulled businessed from the bank amid concerns. James from the wall street journal is with us. James, the worries is that this is going to be a negative situation that its going to be another lehman moment, what do you think . The reasons to say this isnt a lehman moment is the bank doesnt borrow tons of money like lehman did. Its more stable. We are not in an environment where we have widespread mortgage back security crisis but we have here at Deutsche Bank a Systematic Risk and its called the u. S. Government, what has happened recently is the Justice Department going back to atm trying to pull more cash out of banks for alleged sins of the credit crisis of 2008 demanded 14 billion from Deutsche Bank. Thats roughly the market capitalization of Deutsche Bank. The value of the whole company. This has been shocking to say the least because deutsche figured this this government shakedown was going to be maybe 2 to 5 billion, the 14 number has been kind of shocking both to the bank and the outsiders and thats why you see big hedge funds, big names, millennium, saying we want to limit exposure to deutsche a little and you can understand why. Maria what is going on with the u. S. Government, are they trying to put deutsche out of business . Do they understand the ramifications of shaking down and what that means for american banks . This is a big number. Only bank of america close to 17 billion when they had to pay a few years ago, jpmorgan had to pay 13 billion. Deutsche bank is particularly vulnerable. It is not well capitalized as the u. S. Banks. Maria why now . We are in 2016. Why now . Are we seeing this . You get into politics. They started out, the government hit all the u. S. Banks first. They got big headlines, now as the Obama Administration winds down they are turning to the foreign ones. But its not just Deutsche Bank problem because they are going after barkleys, talking to them, usb, this is a big problem. I dont like too big to failed banks but this serve nos purpose to have the government constantly going to these things as political atm to fund their various purposes. Dagen dont you think theres conversations if it looked like Deutsche Bank was flat on its back and by the way, good article why Deutsche Bank is not Lehman Brothers in terms of capitalization, availability of help from the ecb, but dont you think there are going to be phone calls between the leaders here and the leaders in germany saying hey, yall need to cool cincinnati. Maria it has to be happening now. You would think, two weeks and the Justice Department has not backed off this number. Obviously they could have they could have solved a lot of this by saying, we are not really looking for 14 billion, but so far morgan i mean, over the past five years this is a trend. Deutsche bank is the latest one but this certainly isnt new by the department of justice or specially by the dfs in new york. There are a lot of government roots in the problems, one of the reasons Deutsche Bank is in bad shape theyre not making any money and all Central Banks have knocked Interest Rates down. Thats hurting the bank. Its a lot of governmentcreated Systematic Risk. Maria the other one on the news on its back, your take away from john stumpfs hearing. A little perspective is in order here. The bank did not benefit from this. This is a story about employees essentially ripping off the bank, getting bonuses. Maria was it the culture, makes those quotas . I think this is the problem, the turn suggesting that sales quotas are evil. Theyre not. Maria we are going to talk more about this. Theres a lot to say about wells fargo. The bank is under pressure today. Thats leading the markets. Back in a minute. Guess what guys, i switched to sprint. Sprint . Im hearing good things about the network. All the networks are great now. Were talking within a 1 difference in reliability of each other. And, sprint saves you 50 on most Current National carrier rates. Save money on your phone bill, invest it in your Small Business. Wouldnt you love more customers . I would definitely love some new customers. Sprint will help you add customers and cut your costs. Switch your business to sprint and save 50 on most current verizon, at t and tmobile rates. Dont let a 1 difference cost you twice as much. Whoooo for people with hearing loss, visit sprintrelay. Com. Maria welcome back, leaders from around the world are in israel this morning to pay respects for former Prime Minister and president shimon peres. Cheryl casone with the details. Cheryl allies and rivalling putting differences aside today to remember the Nobel Peace Prize winner whose career and leadership spent six decades. Netanyahu shook hands, difficult for mediators in recent years. Both former president bill clinton and president obama gave impassion speeches at this mornings funeral in jerusalem. I could not be more honored to be in jerusalem to say fair well to my friend shimon peres who showed us that justice and hope are at the heart of the idea. Cheryl 90 delegations attended funeral and passed away tuesday after suffering stroke. He was 93. The hackers will use millions of common Electronic Devices found in homes and businesses to launch massive internet attacks, last week according to journal attackers used hijacked security cameras to crash a web hosting provider and security news website. Hackers used the machine to flood websites with lots of unwanted data which forces the site to deny access to users and then crash. These attacks are coming amid fbi investigation into reports of foreign hackers accessing several voting registration systems in the United States. Hackers are russian and they have tried to get into over 20 state election systems here. They have successfully infiltrated four states, we will continue to follow that for you. More trouble for samsung, there are now reports in south korea, china and the u. S

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