Transcripts For FBC Mornings With Maria Bartiromo 20170216 :

Transcripts For FBC Mornings With Maria Bartiromo 20170216

At the fallout ahead of the g20 meeting. The new plan, senator ron paul and mark sanford pointed out through legislation. Other republicans to move. Snatchat expected to go public today ahead of the highly anticipated ipo. The companies studied up to 22. 2 billion. Take a look at the numbers in the stock might do this morning. The Company Warning users of another hack attack in the hacks ]rightbracket. Bryson looks to slash the price tag to acquire struggling and an accompanying that the potential. Records come in almost a paid major indices closing it down high street features indicate a pullback from the performance yesterday. In europe, also seen a pullback. Major averages in the year as ive done a percent. Cac in paris at one half of 1 . Nikkei average down half a percent. Shanghai composite of half a percent. No pain at the time. Details on that plan to pay for gasoline without even getting out of the car. Joining us to talk about it, dagen mcdowell. Former Goldman Sachs partner Peter Kiernan and cia officer, bob sexton is here. Good to see you. Dagen a great to see you. I have to make a list of all the stories that develop overnight. You call it antipuzner. You assume that would be the one. Not getting behind a close vote that required make it the deVice President to break the tie when this other republican senators started expressing doubt on the fact that in the puzner had an illegal immigrant working for him that he wasnt paid taxes on an agent after the process started. I thought that was too much. Every president loses at least one major captain. President obama lost three. Maria thats the story of today. You are right. Good analysis. Former state Department Spokes are sometimes cia officer and National Security pfizer to president obama 2012 campaign. Former reagan economic adviser art laffer along with senior judicial analyst judge andrew napolitano. President ial candidate on Fox News Contributor herman kaine was the conversation and ceo paul solomon ceo of the stories is that thats good President Trump doubling down on taxi from yesterday. Commanderinchief had implants of Retail Executives at the white house. Watch. We are going to provide tax relief for families. We are going to simplify greatly the tax code. It is too complicated. We will bring down the number of alternatives and i think its going to be just a much, much simpler tax. H r block wont be too happy. Other than h r block, people are going to love it. Maria joining us right now, new york congresswoman of farmers while Business Owner herself. Good to see you. Thanks for joining us. Canaanite good honor to be on. How to plan effective stitch of it . What do you think about a border adjustment tax . Not very controversial. I need to see more of whats going on with the plan. I had a small manufacturing business. The different sectors in retail. In the end, we want to protect consumers but the simpler tax code. The president has a little bit different idea than the border adjustment tax. He is more of a tariffbased plan. Im concerned mostly about a tall Business Community in a struggling upstate new York District where we had great manufacturing. We are one of the last manufactures left in my district. We want to be sure the Retail Market is strong and its kind of odd in a weird way the Retail Sector is agreed that we need to look at the border adjustment tax. The jury is still out on it. Id like to see the plan. I know we are in the works very much so in the congress and ask about working hard to come up with a plan everybody agrees with. Its still a work in progress at any. Dagen congresswomen comments dagen mcdowell. But you get behind a get behind the tax cutting plan coming out of the house they didnt significantly raise revenue . Do you look for a trillion dollars in revenue from somewhere or do you just pass a tax reform without worrying about the revenue side . They try to look for revenue news show, something thats not going to cost us money. Revenue nature looks at the bottom line. Id love to see us make money by reducing taxes and networkbased plan, which i think this plan for the most part is trained to do. Maria okay. But thats really what it comes down to. Republicans want to raise revenue here. The president talked about tax cuts on the campaign trail. Exactly. To increase growth and bring jobs back here. The discussion of the border adjustment tax versus the terrorists is a distinction between what the president is offering in what the House Republicans are offering. I think there is a middle ground there. You see not just the president receiving from the retail community. We are also in our area, but ive rented manufacturing for and we do lose jobs overseas because of the issues we have with trade. The president thats what he ran on and thats what his strength is in our community. People want to see our jobs come back. True to Manufacturing Companies that boeing, General Electric endorsing revenue. But with the market trade down. One of the things is that people are puzzled by his congress that cannot the competitive reaction that might occur if we put in a border adjustment tax. What might happen to American Manufacturing to china decided to take steps to counteract the border adjustment tax as an example. I urge you to look for the middle ground because its the right place to be. Has been a huge discussion every day. People like me who have the impetus to Manufacturing Base versus retailers and middleground and i think the president meeting with everyone will be a huge help in helping us guide our way through it ultimately comes out of the tax plan. A lot of issues to cover on the Financial Services committee. A lot of work to be done as far as dealing with dog franken so many other issues. The tax plan is a huge issue in my district. New york state has some of the highest taxes in the nation. It makes us less competitive, difficult for manufacturers and retailers like our company. We would like to see a simpler tax plan that regulations are big, too. So much going on the rest of the countries ahead of us. This is the whole picture. We want to ask you a timeline for this. There was some cant donation when there was at least it seemed to be a bit of a delay of a delay of our promise to lay getting taxed to fund and, especially because of such an issue in the campaign trail. In a sense this is being put off and i know obama carries quite a large menu item handling and congress. Do we have a sense of what the timeline is and are they moving faster on it because even though its only a few weeks into the presidency, and people are a little upset they were told they could wait till 2018. We are obviously pushing hard and working hard every single day. This is one of the most aggressive years. Ive been told. Im a freshman. Not familiar with how the congress works. We are being told this is going to be a very aggressive here. A lot of session days at work read on. We do this as quickly as they can to make sure everybodys on board for the majority are happy with what happened at the American People care what they vote for them if they wanted. We are working hard to make sure that happens. There are issues with this obama cared for the dog frame reform plans. These are major issues we are putting through. This is bold. All the plants are very bold and we want to be sure will be put through what comes through with great outcomes for the American People. I district is where they voted to represent. I want to be sure what we do is helpful for my communities. Ive never seen so much work and so much effort put into, but the real solution. The fact that the president is taking so much input from all sides is this going to be a very big help. It has to be done quickly, but done right. I appreciate the president s interest in meeting with all of us. Maria President Trump looking at contenders that you are elected executive and a puzner withdrew himself a day before the confirmation hearing that these are the front runners. The pictures that when Alexander Acosta and South Carolina department of labor director catherine templeton. Joseph guzman and Labor Relations at Michigan State university. But what each of these candidates bring to the table are what you might see in terms of qualifications for the next labor secretary . Would like to see someone provide a balance. Wed like to see open markets and freedom. I come from a state thats very union rich and we have good relationships with a lot of unions in new york state. Id like to see a valid, but also allow us to continue to grow our base and provide benefits good for workers. Not so much for union leaders, the of the workers. We have a strong union base in new york. Maria you want to see 15 billion across the country . I dont support government takes control pricing. Minimum wage is then a killer. Impose tight minimum wage for new yorks day. It is going to be in the long run to start it. Minimum wage in upstate new york is smaller. And impact Small Businesses and family farms devastated by this wage force and that andrew cuomo. Trade too good to see you. We know that he was against a minimum wage. Strawman policy. An immigration he wouldve been in conflict at the Trump Administration including donald trump himself. More proimmigration. Dagen people quickly dismissed the labor job as you are just a spokes man for the monthly jobs report about every month, but the Obama Administration used the Labor Department to believe pass restrict the growth of businesses. There were nightly from the debate ticketed borders including mandating paid weekly for employees of federal contractors. Thatll be the job of the labor of the labor secretary travolta is back. Boeing workers in South Carolina for out of joining the union. Maria that is interesting. Big story on that. Youre right. A sharp rate. Ceo of aetna has harsh criticism. We will tell you what he said. More bad news this morning. The Company Warning users of the hacking threat. This feminist verizon looks to cut the price of the deal to acquire the company. Back in a moment. With every early morning. Every late night. And moment away. With every click. Call. Punch. And paycheck. Youve earned your medicare. It was a deal that was made long ago, and aarp believes it should be honored. Thankfully, President Trump does too. I am going to protect and save your Social Security and your medicare. You made a deal a long time ago. Now, its congress turn. Tell them to protect medicare. Train to another shooting chicagos south side that three people dead, two others in critical condition. Cheryl casone details and headlines. Reporter more bloodshed in the windy city to tell you about. To activate guns, 18 and 19yearold was shot in the head. Two leather teen in critical condition. The suspect walked into a home, pulled out a weapon and began firing. Police believe drugs played a role in this attack. The latest shooting comes to chicago 30 ebony face the flag video. Capture the killing of a 2yearold toddler and his uncle. A pregnant woman Live Streaming at the time of the young bush also was wounded. Authorities say the man, not the top there was the intended target. The boys on the three children to be fatally shot in just four days. In other news this morning, yahoo issuing another warning on trade warning that plague the company. Their personal information may have been compromised the masters data breach. This news comes as yahoo and verizon closed in on a revised deal that would reduce the price of purchasing yahoo by 300 billion. They vow they don it right now. The premarket point back just a little bit i should note right now. Finally base. Obama cared is in a death spiral. At least according to the aetna ceo, his comments a day after the Health Insurer announced he was dropping out of obama cared changes for 2018. Meanwhile in capitol hill, conservatives rally behind it builds on survivor and paul, hoping to push Party Leaders to move faster of the 2010 health care law. A promise to voters. We owe this to the conservatives around the country who elected us to completely repeal obama cared. You should replace it. Reporter the proposal would eliminate elements including the mandate that everyone has coverage or pay a fine. Those are your headlines. Maria looks like rand policy was the most are getting on board. I dont know how you see this, but yesterday would he want out of the room talking about it with paul ryan, they were discussing an expansion of medicaid. Thats where grandpa does the mob. Is a long way to go in terms of coming together on this bill. Politically they have to move slowly. They saw what happened with obama cared in the first place. They had not read it. The democrats did know what was in it and republicans do now, even though what they put in place they have to own it. The smallest way out of the gate but have a problem particularly in the house. They dont have to worry about getting elected every two years. Theyve got to, period when will get through the house and senate. They really are. If there is one way for this seems uncertain. If they dont have coverage problems with what happens before the transition. It is always with you about on the news for the first days. Other than that, that will be all they care about. Therefore it may make no mistake. Put money in peoples pockets. Do that. Maria but they are not doing not. To put it right in front of this. Mnuchin wants that. I agree. If you build momentum you could find yourself taking a tough stuff like obama cared. Maria coming up, will that be cash or car . Rolling out a new payment for you dont even have to leave the luxury seat. Subheads are a company wondering if its worth the valuation. We will take a look at that max. Bush a look at that next. I use whats already inside me to reach my goals. So i liked when my doctor told me that i may reach my blood sugar and a1c goals by activating whats within me with onceweekly trulicity. Trulicity is not insulin. It helps activate my body to do what its supposed to do release its own insulin. Trulicity responds when my blood sugar rises. I take it once a week, and it works 24 7. It comes in an easytouse pen. And i may even lose a little weight. Trulicity is a onceweekly injectable prescription medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. Trulicity is not insulin. It should not be the first medicine to treat diabetes, or for people with type 1 diabetes or diabetic ketoacidosis. Do not take trulicity if you or a Family Member has had medullary thyroid cancer, if youve had multiple endocrine neoplasia syndrome type 2, or if you are allergic to trulicity. Stop trulicity and call your doctor right away if you have symptoms such as itching, rash, or trouble breathing; a lump or swelling in your neck; or severe pain in your stomach area. Serious side effects may include pancreatitis, which can be fatal. Taking trulicity with a sulfonylurea or insulin increases your risk for low blood sugar. Common side effects include nausea, diarrhea, vomiting, decreased appetite, and indigestion. Some side effects can lead to dehydration, which may make existing kidney problems worse. With trulicity, i click to activate whats within me. If you want help improving your a1c and blood sugar numbers with a noninsulin option, click to activate your within. Ask your doctor about onceweekly trulicity. Maria welcome back. Snapping sent for evaluation and 319. 5 to 22. 2 billion according to the wall street journal. This puts an estimated 14 to 16 a share. Peter came to my face. Snape located on the valuation based on feedback from investors. What are you expect them . This is going to shape up to be a battle. Is this facebook or carter . The revenues have grown 700 or 800 times. Thats very exciting. Super financial performance. On the other hand, other hand, the user growth has got disappointed when facebook and mr. Graham started doing me to kind of products and services. With 158 users, you would expect more than a 5 million user growth of the last quarter. Those two things are going to wrestle. Dredge the biggest distance alibaba. Probably the last 10 years. They are coming out of valuation of twitter. That tells you theres a lot of optimism and to be cautious on there for. Maria we will see. Again, what do you think . Dagen your point about an supreme that facebook is figured out a way to really drive purchasing via insta grandpa. Their ad placement i would say its the best among all the social media platforms. Theres going to be a lot of competition bearing down on snape. Again, they have to keep growing user base. The not going to be the easiest thing because people over the age of 40 cant figure out how to use it. Im too old for snatchat. I cant figure it out. I dont understand it. They have been adopted by people across the age spectrum. The lower part of the spec to. It is really 35 and the love people using it younger than not the byu have user growth. Dagen and sue graham has adopted all of the features other than maybe the filters that will take you from looking 45 to 25. I dont want to look like a puppy. I dont understand it. Dagen the crown of flowers. You have your stories on his grand. Not just your photo feed. And you have live broadcast and is filed on instead grant. While quickly integrating the major features and i still think in terms of ad targeting, it is unparalleled. Maria one thing before we move on. Earning and the founder of twitter, jack dorsey has mixed feelings about the presidencies of twitter.

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