Transcripts For FBC Mornings With Maria Bartiromo 20240714

And so well talk. No. Thank goodness, and lets talk about markets earnings. I want to know what hes fixing. Fixing facet. Lets talk about markets and the recordbreaking last week. Futures are pointing to higher ownership a 28 point gain on across the board after all three major market games finished in record territory on friday. Second quarter earning season kicks off in about two hours. City reports President Trump tweeting on the economy last night, were doing great economically as a country. Number one, despite the feds aint waited policy on raids and tightening room to grow. Mitch lets start with again the feds getting ready to cut Interest Rates based on all indications. So thats thats not tightening. But lets talk about earning season what do you expect because again, rip to, quote, ya a rip roaring market but you have earnings are expected to come in negative for this quarter. Last quarter same i mean for the Second Quarter, and negative even in the Third Quarter based on expectations right now. Clearly the good news is the fed potentially making money more easy. But the bad news is estimates for the Second Quarter are down 3 and that was yes for the the First Quarter as well and then came in almost flat so they may be above sandbagging going on by corporate america. But theres 80th s p 500 that are indicating that perhaps the earnings will be disaa pointing guidance that theyve already given. So its strange that the market is as enthusiastic going into earning season, i think what market parpghts now is fact of the matter is back will be probably strong or and maybe some of the companies are beginning to expectations as they do 80 of the s p 500 beat expectations. So i think baked into the pricing right now, is the fact that earnings are going to be very slow. Because they were negative in the First Quarter down 3 tenth of one percent and expectation for the Second Quarter is 3 decline. Exact expectation for the First Quarter came in down. Dges still negative, and expectation for the Third Quarter is negative 9. 5 of the so were official lily looking at earnings recession which the gdp number only corporate profits are already told us based on Fourth Quarter and First Quarter. One thing to remember that last year was aberration because of the benefit of the lower tax Corporate Tax rates. So we are comparing this year to much different last year. Gary and there are a lot of people who when you look for Companies Saying were not really sure that it is Earnings Growth that is driving the stock market higher. It is the fact that debt has been so cheap. Im actually watching reuters came out with a report yesterday saying that u. S. Companies may be able to do business with huawei so i know thats giving a little support thats not confirmed thats just one News Organization that has it. But thats giveing a little support this morning. A report out that were going to get it to later this hour about huawei cutting jobs in the u. S. So again thats the as a result of being blacklisted. Exactly. So thats part of the trade tngses with the United States because it is all part of one thing. Black rock global fix income chief investment was on Maria Bartiromo wall street weighing in on these markets. Listen to this. Well get your reaction. We heard a little jay powell the fed we heard ecb minute there is. What was your reaction . A huge week and when you think about after the trade agreement we get debate or not but it was after that, then you have powell ecb and christine news is a very big piece of news. I think that is more aggressive going forward. Markets have certainly started to react to that. And by the way, the cpi report you know we dont think inflation is moving that much higher but it is nice to see that now all of a sudden theres a bit of Pricing Power that companies for the equity market you know i thought it was pretty interesting that you have a bit more inflation and saying that is hard for the fed not really. But the fed is going to keep moving because theyre worried about Global Growth companies have Pricing Power and used car apparel a bit better and place have been tough pretty good news. So yeah if you take the last two weeks, pretty good set of developments for the markets. Speaking of Global Growth we found out this morning, that china is experiencing a pretty serious economic slowdown, the report out it was that the economy in china grew at 6. 2 in the Second Quarter and sounds awesome but slowest rate since at least 1992 so the slowest rate on record the president s policy this tough trade policy, the tariff fight is taking a toll on the chinese economy. On that way is on the u. S. It does, and this is where the president will have to really test the loyalty of his supporters that he put everything in context of an election because we shouldnt be making decisions based on thats the real house. Exactly but at the end of the day people have to be willing to have a longterm understanding of the fact that this is going to take a while and theres some pain before there could be potentially any gain but when you hear people on ground talking about president policies with tariffs and trade, a lot of Trump Supporters say theyre willing take pain because china is too powerful. Theyre willing to go through this. Mitch a sign this is working story in journal is that one of the top stories in the paper manufactures are moving their supply chains out of china. That this is part of the strategy it is not just that finally you have a president standing up getting tough, and a manufactures are saying and American Companies are saying you know what this is going to be a change just to name a few of them. Crocks yeti cooler roomba make 65 of the furniture all of the that going to vietnam. Ive spoken to Business Leaders asked about tariff and supply chain and they were reluctant to shift is around where they make stuff but whats interesting is not the tariffs per se but uncertainty regarding whether the not theyll be in and what they want the certainty and if they can find certainty in indonesia or malaysia or inked why and vietnam theyll shift there. Problem is it is a long process you just cant pick and move a factory and define a vender in that local jurisdiction that you can trust is a challenge. It depends on how complicated products are that are manufactured more complicated the product the harder it is to move it out of china because the way that theyre manufacturing. So topnotch quite frankly. And one of those things that is cheap really is what is cheap. Cost is big thing because reason why theyre not bringing them back here is they cant replace labor cost it is night and day. Lest stay on china investigating google. This is thats what billionaires investor peter teal reportedly says that fbi and ca should be doing as a result of a tech giant work with the chinese military. Again, this is something this is part of the overall fight that President Trump has taken on to call out china again it is military aggression. Its desire to essentially dominate the entire world. Yeah i think what peter is saying well how come google you wont work with the puss military . But youll work with china and this is based on his view of a project that google was viewing as having a censored Search Engine in china. So i think the implication is that it could have military implication im not sure it is a direct line, but peter likes to cause a rift in waters every time again. I think him speaking at the Republican Convention again he was yeah. And hes very, obviously, disruptive. But yeah. Well see what this does to google stock today. J i think look at big tech something thats probably bipartisan if both sides of the aisle could agree upon what they dont like about big tech. But fact of the matter is to many candidates on the campaign they are attacking big business and big tech part of the big business. To bring it full circumstance pl big tech is one of the areas that people very concerned about and in terms of the Earnings Growth there, and journal says decline in margin for largely expecting to change that. That has been leading tech has been leading this rally right for the past 18 months so it is true with all of these concerns that dont bode well if texas slow down. I dont see replacement sector right . We have retail sales coming out later this week for the last not for may they were up half of one percent. They revised private months i think retail sales are strong you heard it here. Prime day. Prime day today hey i have a free bag. Whole fooded wasnt that the bet somebody gave me a free bag overly enthusiastic about this. Long conversation with the cashier who helped me about what it was like to work there. Positive, negative well they have Health Insurance and dental, and 401 k and this day and phage you get dental insurance it is pretty good. She liked it and like it is better than previous job. At walgreens, so she gets paid more so there you go. Well sounds like 401 k plan and a free bags. For everyone it was just one day only made my sunday you find in new york it is not the company that people work for, it is the people that they have to deal with. The customers not the corporation. [laughter] coming up, louisiana under water cleanup from Tropical Storm barry begins today as flood waters start to recede there but threat is not over yet. We have the the latest plus huawei strug pl the chinese tell come giant planning massive layoffs in the u. S. The fallout from the blacklist straight ahead. Most people think a button is just a button. That a speaker is just a speaker. Or that the journey cant be the destination. Most people havent driven a lincoln. Discover the lincoln approach to craftsmanship at the lincoln summer invitation. Right now, get 0 apr on all 2019 lincoln vehicles plus no payments for up to 90 days. Only at your lincoln dealer. Your daily dashboard from fidelity. A visual snapshot of your investments. Key portfolio events. All in one place. Because when its decision time. You need decision tech. Only from fidelity. Iran offering to negotiate with the United States under one condition, Cheryl Casone has the details. Cheryl. Good morning iranian president said in a televised speech yesterday that iran is willing to talk with the u. S. But only if sanctions are listed. Iran recently begun surpassing limits in the deal but said move can be reversed if given enough economic incentive. An interview with with Washington Post secretary of state pompeo dismissed rouhanis idea. Well jeff reepstein due back in the court for a bail hearing as several nor women claim they were abused by epstein had which they were minors offered to put up to 77 Million Dollar manhattan apartment, and his private jet as collateral to guarantee hell show up for trial on federal sex trafficking charges and theyre opposing his bill and charge that epstein fade to buy asylum. A potential witness well major hayoffs reportedly are coming to huawei here in the United States. Wall street journal is reporting that hundreds of people could be let go after the Trump Administration blacklisted the company. These job cuts expected to affect Huawei Research and development for said area which has labs in california, texas, and Washington State. Those are your headlines dagen. Thank you so much cheryl, and ill tease the story that you have coming up, de blasio must go. [laughter] new york city fell into a blackout and this dude was in iowa. Managing the crisis from iowa so i know it is a new york story but he is running for the democratic nomination talk about about that coming up. I cant wait. [laughter] i love people are angry. I cant even start yeah. Well have that in a bit. But you know what you need to take trains run on time to keep light on thats pretty much the basic element of your job. [laughter] this guy cant even do that. And then well take you down south thank you cheryl extreme weather in the south. Tropical storm barry leads much of louisiana underwater and it is taking a toll on gulf Oil Production what it means if prices at the pump as they rise. Plus amazon prime day how a strike could impact you. My body is truly powerful. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Trulicity is for people with type 2 diabetes. Its not insulin. I take it once a week. It starts acting in my body from the first dose. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. Dont take trulicity if youre allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. Stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. 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Theyre completely different people, thats why they need customized Car Insurance from Liberty Mutual. Theyll only pay for what they need [ gargling ] [ coins hitting the desk ] yes, and they could save a ton. Youve done it again, limu. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Hey i live on my own now ive got xfinity, because i like to live life in the fast lane. Unlike my parents. You rambling about xfinity again . Youre so cute when you get excited. Anyways. Ive got their app right here, i can troubleshoot. I can schedule a time for them to call me back, its great you have our number programmed in . Ya i dont even know your phone anymore. Excuse me . what . I dont know your phone number. Aw well. He doesnt know our phone number you have our fax number, obviously. Todays xfinity service. Simple. Easy. Awesome. Ill pass. Tornado in flash flood warnings are are threatening the gulf coast as water start to recede in louisiana. Thousands remain in the dark with tropical depression barry slowing moving land. Fox news Casey Stegall is live in new orleans with an update for everybody. Hey casey. Hey dagen good to see you a 51,000 customers around the state of louisiana still remain without power this morning although the number is going in the right direction considering the Energy Company here says that service to about 188,000 customers has already been restored nearly 4,000 energy crews are out and about put out new pole and lines working to get everyone back online as soon as possible. Meantime as you said the recovery has already started in some of the lower lying parishes that took on water. Look at this video out of grand aisle louisiana south of here where the u. S. Coast guard says it is infecting the waterways to make sure that they are safe for boat traffic to resume. That is a huge fishing spot down there and shrimping spot a lot of boats in and a out. Louisiana govan saying he is grateful barry did not pack as big of a punch as they were thinking. Obviously barry has been an extremely slow moving storm that from its very own section has behaved differently than other storms other tornadoes that we have experienced. That being said i for one am extremely grateful that the forecast did rain and flooding. Did not materialize. Meantime flights are slowly starting to resume at new Orleans International airport today, last night Delta Airlines started bringing in aircraft and trying to get flights going. Bus services are supposed to resume today here in new orleans. So no doubt this thing is starting to lift up into arkansas right now create a problems up there and right now new orleans really breathing a collective sigh of relief this morning. Dagen. City thanks so much for that. City stegall in new orleans. Meantime Oil Production in gulf of mexico taking a hit as Tropical Storm barry makes its way through the region. Tropical depression causing a 73 shutdown of production there joining us now price futures group, flynn good to see you phil as always this production can get back up pretty quickly assuming theres not any damage. It can and were already seeing that some of the exxonmobil and couple of other companies are out there restarting production. And it is almost amazing to me had you consider the fact of what they have to do to get all of the people off these platforms out in gulf of mexico safely. If the production gets out of harms way moving thing he is around and immediately after the storm almost within you know 24 hours of 48 hours theyll be back to full production it is just amazing. Good morning. Phil it is Mitch Rochelle wheres the play of supply and demand of oil not just the domestic supply that we have but also if you look at more globally. You know globally if you listen to International Energy theyre sayings theres plenty of supply and by 2020 International Oil glut. But that prediction really comes with a really negative outlook for the global economy. You know theyre looking at a some shortterm data telling us that they think that demand growth is going to, you know, stop because of u. S. China trade war. I dont think theyre taking into consideration all a of the symptom plus around globe and we saw that in data this morning for example with the gdp even though that was weak were starting to see stimulus kick in we retail sales good for oil demand. L what about prices for gasoline at the pump because problem in the u. S. Has been for months really getting the crude oil to the refineries and the Pipeline Capacity in some way right, phil . It has been. You know with the u. S. Is producing a record amount of oil, but arent we doing it efficiently are we able to get it to where we need to know and more pipeline in the country not only for oil but for natural gas really reflect growing demanding. From this storm you know weve seen prices nationally go up about 4 cents gallon since the storm began. I assume that were going to start is to give that back when production comes back on. But keep in mind you know u. S. Gasoline demand is stellar right now here all time highs and thats good news because it is reflecting of very strong u. S. Economy had. So i know theres new emission starngdz meant to come online is this going to change . Ive heard analysts say Energy Market is beginning to be very different because of these. Do you agree . I do agree. These maritime starngdz for diesel fuel is really going to have a major impact in the industry has been trying to get prepared for this for the last couple of years. It reminds me of when they took initially sulfur out of heating oil, and diesel fuel, it was a process it meant high per prices tighter supply prices will be high per because of this had, the question is by how much. The refiners are doing a great job trying to keep that not too much but i assume it is at least ten cents gallon. Real quick what about east coast exact on gasoline because of that refinery buyer . Pennsylvania . Thank you europe they saw a great opportunity e here and every gallon of gasoline they could and nots selling over here send it to the u. S. And you know they saw that statue of liberty with a flag and we need gasoline and they sent them tankers right away. Thats called trade thats why we like free trade. Because theyre there if theyve got the excess supply, theyre there when we need it. Phil thank you so much. Thank you. Great to see you you have a fantastic week hopefully see you before the end of it. Coming up 2020 outlook new headtohead matchup against top Democratic Candidates plus lights out. A backout leaveses parts a of new york city in the dark. J. Los concert at the garden had to stop yep why some say this is it over done, out for mayor bill de blasio. Were changing whats possible every single day. , but what does changing whats possible mean anyway . Well. If you run a business, it means a lot. For starters, we provide you with Financing Options for your customers. That way, you can help them buy the things they love instantly and pay over time. And that turns them into serious fans. Hang on, theres more. Want Customer Insights . Weve got those, too. We use data to show you what your shoppers have already bought so we can tell you what they might consider buying next. And you can offer them the perfect products. That ceo gets it. From adding unique capabilities to your companys apps to bringing you loyalty programs, our financial and Tech Solutions are changing whats possible in all sorts of ways. So, how can we change whats possible for you . Dagen welcome back, im Dagen Mcdowell in for Maria Bartiromo, monday july 15th, top stories at 6 30 a. M. Eastern. Markets poised for higher open looking to push alltime highs after recordsetting week for the dow, nasdaq and s p 500, gains across the board. Record closes for all. S p 500 closing above 3,000 for the very first time. Investors have eyes on Quarterly Earnings, secondquarter earning season kicks off this morning really with citigroup, we have the numbers and we will tell you everything that you need to know. In europe, we have buying in england and germany, loss on cac quarante in france. Gains in shanghai and hong kong as well. More signs of slowdown in china, economy there growing, yes, its strong 6. 2 Second Quarter, slowest rate since at least 1992. Moving on, amazon prime day is here as consumers shop for deals, workers in minnesota protesting the retail giant. Lights out in new york city, massive blackout over the weekend bringing business to halt, broadway shows could not go on, broadway was dark, parts of the city were dark and the mayor was in iowa, the calls for him to resign. Billionaire peter teal, what allegations could mean for company. Following last weeks comments from President Trump saying hes not a fan of bitcoin and other crypto currencies. 2020 vision, new head to head general election polls polls frc news Top Democrats beat President Trump in 2020, beat trailing former Vice President joe biden, 51 to 42 in head to head with senator bernie sanders, the president doesnt fair much better, trailing sanders 50 to 43. The president losing in polls to Senators Elizabeth Warren and kamala harris, joining me now media director, what do these mean at this point in the cycle, if anything, the head to head matchups . I dont think they mean as much as democrats would like them to be. I would like to remind people in 2016 jeb bush was going to be the nominee, clearly didnt work out that way, bottom line americans when asked on the phone who you are going to support, i dont like donald trump, hes mean to me, i will support the democrat but the bottom line is from history people vote with pocketbooks, based on the economy is doing and when it gots down to them and polling booth, they see record wage growth, unemployment plunging, 16year high confidence from consumers in the country, they are not going to want to reshape the economy and thats what democrats are promising, thats a mistake of the Democrat Party, people see economy thriving on the leadership whether they like him or not, unforeseen, i think he will cruise through reelection. You talk about mistakes, i think theres a misneighboring the focus that people put on things like polling, lack of attention put on the economy and also the idea that polling candidate like joe biden today versus who joe biden maybe forced to beat by the time we get to primary and pushed further and further to the left, so much still has potential to change, where would President Trump be pushed over this time . I think the democrats will try to push him on things that arent the issues, they know if it comes down to the issues, our country is doing very well and right now on the debate stage they are making a mistake of saying the economy is not working for anyone, people are not happy, we will come in and opportunity mentally reshape things are going, that might work if the economy was not working, the vast majority of americans saw tax cut proposed by the republicans and they are looking around and dooms day being pictured by Democrat Party not being matched up with the results they are seeing, thats misplaying of the democrat hand. The democrats will beat up in debate stage and pushed further left, a lot of more moderate candidates will realize that rand dates are more extreme than they need because the debate will draw people to the left to win primary. Dagen raise your hand away if you want to take private insurance for 180 million americans, Elizabeth Warren did that and will come back to haunt her even as democrats gear up to start voting in january. I want to ask Mitch Roschelle about the economy given the length of the expansion, mitch, longer than a decade, longest on record, can the economy keep growing at modest pace, decent pace into next year because we have a tendency to focus on any sign that is might say weakness, from 35,000 feet looks solid what you have been talking about. I would say since twothirds and 75 of the economy and any given quarter comes from the consumer and the consumer is fundamentally strong and stimulated with lowInterest Rates, Business Investment is not overly robust but Strong Enough and then Government Investment is the last piece, theres nothing in that equation that looks like its really retrieving, even if the economy grows at the new normal of 1 percentish, it will still continue to grow and not contract, so we will not see a recession, i dont think. Dagen i want to move on to the president on twitter, President Trump taking aim at farleft progressive house members an House Speaker nancy pelosi tweeting this, so interesting to see progressive democrat congresswoman who originally came from countries whose government are complete and total catastrophe, the worst, most corrupt and inept anywhere in the world if they even have a functioning government at all, now loudly and viciously telling the people of the United States the greatest and most powerful nation on earth how our government is to be run, why dont they go back and help fix the totally broken and crimeinfested places from which they came, then come back and show us how it is done. These places need your help badly, you cant leave fast enough, im sure that nancy pelosi would be very happy to quickly work out free travel arrangements. Called by many particularly those on the left racist, nancy pelosi said that that was xenophobic, the comments, the democrats with the fight between the 4 individuals who we assume that the president was referring to including alexandria ocasiocortez, that he basically to use the term that the wall street Journal Editorial Board uses, he flopped into a situation where he did not need to be. Yeah, i think thats absolutely the case, plenty of times where people get riled up for no reason and President Trump, this is not one of those times, people have every reason to be upset with this rhetoric, the fact is if youre american citizen that emigrated here you have no where else to go back to, this is your home now, unforced error from the president. Absolutely a conversation to be had about why we should be embracing policies that have failed in other countries but say that someone you disagree should go back, they are every bit of american, theres no where you need to go back because you disagree with people. This is unforced error, its not what the Republican Party is about and President Trump is help to go reunite with him at time with where Democratic Party infighting, giving them easy target, unforced error on his part and i do think it was a mistake and people do have right to get upset about. Dagen i will add one thing and we assume that the reference was to as i said alexandria ocasiocortez, tlaib, aina presley and ilan omar, omar is the only one of the women born outside of the United States and this was Democratic Party that was essentially eating itself and destroying itself and the president , again, to use that word bellyflopped during the middle of it and said something that was offensive to many americans. And in 2020 democrats do not want to make this campaign about the issues, their rhetoric has been what the republican antiimmigrant, the Republican Party is insensitive, they dont care about you and this makes it easy for them to try to paint the picture which isnt true but again, if this campaign is about the issues in 2020, democrats lose every single time, thats why they dont want to make it about the issues, they dont want to make it about the economy, they dont want to make it about tax reform, they want to make on tweets like this that are unnecessary. Dagen the president united the democrats and every liberal voter in the country. Good to see you. Appreciate it. Dagen amazon workers on strike during prime day, Cheryl Casone has the details, coming up, hey, cheryl. Cheryl hey, dagen, we will do it right now, am done workers in minnesota using major sales day today at the company to call for higher pay and better working conditions and amazon to deliver 100 million products during last years holiday, 250 competing retailers, walmart, target and ebay will be put items, walmart got sale yesterday, amazon, though, slightly higher in the premarket. Well, increasing take in biotech firm, pay more than 5 billion to boost its ownership stake to as much as 30 , the Company Going to get two seats on board as part of the deal as its structured. Then theres this, u. S. Air force has issued a warning against Facebook Group that plans to storm a Major Military base, more than 400,000 people have joined Facebook Event final storm area 51 in nevada in september to get secret information about aliens and, and,ufos, air force stands ready to protect and joke in the beginning, now 400,000 people on the darn page, good luck with that, folks, back to you. Dagen good luck not getting arrested. Cheryl have fun in jail, ufos in aerial 51. Dagen desert in that part of the country is very unforgiving. And in september its pretty darn hot too. Dagen indeed. [laughter] i have tshirt. People protecting us, this is the stuff that they deal with all of the time. All the things we dont know. [laughter] dagen exactly. Coming up left in the dark, parts of new york city suffering from a major power outage over the weekend and now they call for mayor bill de blasio to get out, next bitcoin under pressure this morning as more questions come up about regulating crypto currency, more when we come back. All right brad, once again i have revolutionized the songwriting process. Oh, here we go. I know i cant play an instrument, but this. This is my forte. Obviously, for auto insurance, weve got the wheel route. Obviously. Retirement, were going with a longterm play. Makes sense. Pet insurance, wait, let me guess. Flea flicker. Yes howd you know . Studying my playbook . Yeah, actually. Award winning interface. Award winning design. Award winning engine. The volvo xc90. The most awarded luxury suv of the century. Was another around the corner . Or could it turn out differently . My doctor recommended eliquis. Eliquis is proven to treat and help prevent another dvt or pe blood clot. Almost 98 of patients on eliquis didnt experience another. And eliquis has significantly less major bleeding than the standard treatment. Eliquis is fdaapproved and has both. Dont stop eliquis unless your doctor tells you to. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. If you had a spinal injection while on eliquis call your doctor right away if you have tingling, numbness, or muscle weakness. While taking eliquis, you may bruise more easily and it may take longer than usual for bleeding to stop. Seek immediate medical care for sudden signs of bleeding, like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Whats around the corner could be surprising. Ask your doctor about eliquis. Dagen headlines across america this morning, New York Times says blackout, apologizes but offers clues about root cause, apologizing for saturday outage that left at least 72,000 customers in the dark, officials with coned saying there was disturbance an outage was not caused by demand. New york post Editorial Board also calling for the removal of mayor bill de blasio, campaigning in iowa when the power went out, yeah, the milwaukee journal, fewer people smoking cigarettes so state tax revenue is down, wisconsin will tax ecigs, 100 million less in cigarette taxes last year compare today 2010 as a result lawmakers passed 5cent on ecigarettes fluid. New tax projected to bring in 5. 5 million in the next two years, the state reporting taco bell releases new menu item with South Carolina heat, the chain releasing two new dish that is incorporate the Carolina Reaper pepper, declared the spaceyiest in the world. Stake ripper ranch burrito at participating location. I doubt that there would be much reaper in them because you could not eat them. Somebody said i think it was musician, his wife grew reapers and went and took a bite one. I want to talk really quickly when you think the mayor cant get any worse, hes in iowa when the power goes out. I think the j. Lo show at Madison Square garden had to stop at mid show. Apparently she will do another one. Dagen never underestimate the ego of politician, that this man thinks, he cant get trains to run on time and clean streets. Im interested in rainfree subway car. Dagen basically giant testimony to the failure of government, of bureaucrats and and lawmakers when it comes to the social safety net in new york, this man has failed every new yorker. Dangerous for older people to be stuck underground, tons of people who live in highrises with babies. Dagen this man has fail today take care of atrisk children, failed to improve homeless situation despite spending several billion dollars on the homeless problem, Public Housing and receivership because people were getting sick in Public Housing, mental illness, a billion dollars on mental health, schools here, the School Program had to be shut down because it was a complete failure, failure, failure and now blackout. For all of the things that youre saying, failure to respond properly to a crisis like the blackout, thats the icing on top. We cant forget remember Chris Christie and obama hug. Dagen this is new york city. They remember heist in iowa. Dagen President Trump tweeting on china, china secondquarter growth the slowest its been in over 27 years, Companies Want to go leave china for nontariff countries, thousands of companies are leaving, this is why china wants to make a deal with the u. S. And not broken the original deal in the first place, in the meantime we are receiving billions of dollars in tariffs from china with possibly much more to come, tariffs are paid for by china devaluing and pumping not by the u. S. Taxpayer mitch, its being paid its being paid by some American Companies. Yes. Absolutely. Tariffs do not get absorbed by a company and not alter how they do business as a result of the tariff. Passed along to consumer or somehow eaten up in their system which means they are not paying for something else. They will not compromise profitability. Dagen right, peter teal takes on big tech, why the billionaire investor says that google has been compromised by chinese intelligence agencies, bitcoin slides, how criticism of crypto currency is driving the digital coin market. That sometimes a little down time can lift you right up. Expedia. Everything you need to go. Expedia. Xfinity mobile is a designed to save you money. Whether you use your phone to get fit or to find the perfect gift, youll use less data with a network that automatically connects to millions of wifi hotspots and the best lte everywhere else. So you save hundreds of dollars a year on your wireless bill. Xfinity mobile has the best network. Best devices. Best value. Simple. Easy. Awesome. Click, call or visit a store today. Dagen big tech in focus, teal calling for fbi to investigation whether chinese intelligence has infiltrating google, teal slamming google for refusing to renew contract with the u. S. Department of defense. Joining me now Disruptive Tech founder chief analyst lou, lou, good to see you, is there a back story that we dont know . Look, think of huawei. Its a legitimate threat and question that needs to be asked that google should be willing to answer and be transparent about. When you talk about google being transparent, peter teal seems like hes raising questions, tricky questions, one of which, why isnt google working with the fbi and cia but is willing to be developing this product with china, you know, the Search Engine that could be more or less controlled by the Chinese Government and then heavy implication here on military, i mean, is peter to dagens point, does he have an ax to grind with google . Hes raising legitimate concerns here, google has had plans to have a different version of Search Engineer in china, couple of months ago that they denied rumors that they were working again and put those to bed, sounds like peter that has information, again, we are dealing in a world where the weapons of today are digital, not physical, i think hes raising perfectly legitimate concerns and they should be answered. Dagen turning to crypto currency, sec is looking whether libra should fall in oversight, facebook hasnt provided enough details on how it would regard against money laundering, how much control and bitcoin prices sliding at the same time, your take on that. Look, i went on the record last week i think libra will be a flop, bitcoin in desperate need need to go to front line. In the wake of whats happening, all the scrutiny coming on libra, i dont think its going to happen. You know, in the most likely scenario, now, we will look at capital controls put on facebook for them to launch this which really turns crypto currency away from everything its supposed to be. Its supposed to be unregulated, anonymous, really therefore not much of a crypto currency which is why i think we see Bitcoin Trading in high correlation with libra and thats why we are seeing selloff continue. Dagen its like trading, i dont know, rocks. [laughter] dagen whatever value that these that speculators and gamblers want to assign to it. Rocks are more tangible, come on. [laughter] dagen yes. Libra is backed by hard assets, government securities, you to have a local bank account on libra or at least that was the plan. Dagen you have facebook behind it, 50 black eyes in terms of not protecting peoples privacy, lou, thank you so much. President trump tweeting again this time on democrats, we will run out of time because i cant talk fast enough to get through this, we will get to this at the top of the next hour, i promise you that, more of mornings with maria when we come back. Cant see what it is yet. Re . S beautiful. I love the lights. Oh man, its got a mean face on it. It looks like a piece of candy. Look at the interior. This is nice. This is my sexy mom car. I would feel like a cool dad. Its just really chic. I love this thing. Its gorgeous. I would pull up in this in a heartbeat. I want one of these. That is sharp. The allnew chevy blazer. Speaks for itself. I dont know who they got to design this but give them a cookie and a star. Dagen good morning. Im Dagen Mcdowell, in more Maria Bartiromo. Its monday, july 15th. Your top stories at 7 00 a. M. Eastern. Markets poised for a higher open, looking to push to new alltime highs. This following a recordsetting week for the dow, nasdaq, and s p 500. All three major market gauges hitting new highs friday. The s p 500 closing above 3,000 for the very first time. In europe theres a little bit of buying to report in england and germany. Gains there. Very slight loss on the dax in france. Ithe economy in China Growing by 6. 2 in the Second Quarter. Sounds great but it was the slowest rate since 1992, since at least 1992. The nikkei was closed for a holiday. Gangs in shanghai and hong kong. President trump has been tweeting about that this morning, the slowdown in china. Boeing meantime under pressure. The 737 max jet might not return to service until 2020. The stock set to shave about 35 points off the dow at the open. Investors have their eyes on earnings. Starting today, Second Quarter earnings season kicks into high gear this week. Big banks will report. Citigroup is out in about an hour. We have everything you need to know. Taking flight for bastille day. The amazing video of a french soldier taking to the skies. No plane needed. All that and so much more coming up. Fox Business Networks deirdre bolton, mitch rochell and former White House Correspondent ron ica cleary. Negative earnings but its really about the outlook, is it not. I think its about the outlook and the guidance for the rest of the year. Investors will pay more attention to the earnings calls than the earnings numbers to see what the Companies Say about the rest of the year. Citigroup is the first one this morning. Dagen investors need something to keep the markets propped up. Alltime high records. Dagen theres a lot of hope in those numbers. And well get to more of that. President trump tweeting again this time on democrats. When will the radical Left Congress women apologize for the foul language that they used and terrible things theyve said. So many people are angry at them and their horribly disgusting actions. That, we will cover more of that right now. But our top story this hour, lets move down to cracking down on ilLegal Immigration. Immigration and Customs Enforcement launching a smallscale roundup of undocumented immigrants yesterday. It comes as Vice President mike pence toured migrant detention facilities at the southern border on friday. Senator Lindsey Graham accompanied the Vice President on his visit. And maria, Maria Bartiromo, spoke with him yesterday on sunday morning futures. Maria weve got pushback from some democrats and liberal mayors, trying to stop the i. C. E. Officials and Border Patrol officials from carrying out their directive. The i. C. E. Raids today are focused on criminals who have gone to court and lost their case. Democrats are also advocating decriminalizing entry into the United States and providing free healthcare to Illegal Immigrants once they get here. This is insane. Its going to blow up in their face and its doing damage to our country. Maria you were with the Vice President on friday. Youve been studying this and leading this effort to change these loopholes in a big way. I want to get your take about what really you saw there. What did i see . A system about to break. I saw brave men and women who are doing an incredible job under difficult circumstances. I saw 900 Illegal Immigrants that were captured for coming into our country illegally, housed in detention facilities that was meant for 385. What i saw is a bunch of people who have been here before, broke the law before, and were not going to let them go. Dagen joi. Dagen joining me k short. Thanks for having me on this morning. Dagen what is the administration going to do about the horrific conditions at the border . Lets break that apart for a second, dagen. We took a tour of two separate facilities. One was a facility for children and parents that i think we were planning to alie the allegations of alleged concentration camps that some democrats have you alleged when the reality is that nazis were killing children and the reality is in these facilities, they are provided them with food, care, hygiene and medical facilities. Some of that rhetoric is way out of control. Separately, the Vice President took a delegation to a separate facility at cbp where we house individual adult males who have fled from cbp. In many cases these people are repeat offenders and also have criminacriminal records. Theyre housed in a separate facility on a temporary basis until beds are provided at i. C. E. This administration has been asking congress to provide more beds so we have the appropriate facilities for these individuals. Congress has not been willing to give us that funding. We did get additional funding most recently in the supplemental. Again, democrats in congress refuse to fund a portion of that which was a request for additional detention beds for i. C. E. The Vice President was interested in showing, one, the facilities we have for families are actually providing great care for those families. But separately, the facilities for adult males are overcrowded and thats what this administration has been saying from the first day of the administration, that we need to provide more assets and resources to i. C. E. So there are beds there and provide the proper care. Dagen that 4. 6 billion in humanitarian aid that was passed, even by most democrats, 2. 8 billion of that is for the unaccompanied alien Children Program and health and Human Services to take care of those children there. How much more money do you need or do you want from congress and is there a time line we can watch for that . Again, i think its partially the additional resource, its partially how congress ties our hands and allocates those dollars. Theyre specific in requesting that i. C. E. Not have the resources i. C. E. Needs. They may give more funding to customs and Border Patrol. They need to have the backlog freed up in i. C. E. To move them out of temporary facilities into facilities that i. C. E. Has with beds. Its partially sa additional funding. The reality is that democrats want the system we currently have. Thats the reality were facing. Were trying to show its an overcrowded system but its one that democrats have refused to provide any additional assistance to free it up. Dagen can you do anything excluding congress, just Push Congress to the side, what can the administration do to improve these conditions at this male detention facility and where other problems might exist where cameras have not been present . Well, i think that for one, as the president said, what we need to do is showcase, because where theres overcrowding theres a process for coming into our country that is legal and that is going through a port of entry. For those who choose to come through illegally and are fleeing customs and Border Patrol, they are likely to end up in an overcrowded facility. One solution is to basically continue to highlight this and to show this is not the way to come into the country. Dagen are you saying youre not going to alleviate clear problems in terms of no showers, people not being allowed to brush their teeth because it sends a message to democrats and illegal aliens . The reality is that these individuals in detention have been provided access to showers and theres been many lies about tooth brushes. Theres thousands of tooth brushes provided in the family and adult facilities. Many of the reports have been proven to be factually incorrect. So they are being provided with those resources. Were not denying the fact that the facility in temporary facilities are overcrowded. Weve been saying we want more resources to provide additional beds so we can move them out of cbp into i. C. E. Detention facilities. Dagen its worth noting that on friday enough democrats joined republicans to block an amendment from alexandria ocasiocortez to a defense bill that would have banned the president from sending u. S. Troops to the border. There was some bipartisanship there. Speaking of one of those congresswoman, President Trump targeted those Progressive Congress women. It was a controversial tweet storm over the weekend. He wrote this. So interesting to see progressive democrat congresswomen who originally came from countries whose governments are catastrophe, the worst, most corrupt anywhere in the world, even if they even have a functioning government at all. Now telling the people of the United States the greatest and most powerful nation on earth how our government is to be run. Why dont they go back and help fix the totally broken and crimeinfested places from which they came. Then come back and show us how it is done. These places need your help badly. You cant leave of fast enough. Im sure nancy pelosi would be very happy to quickly work out free travel arrangements. Mark called racist, disbelieve y pelosi. Why would the president intervene when the democrats are essentially destroying one another. He bellyflops right into the middle of that and essentially unites the democrats once again, against him. Well, if the democrats choose to want to align around ilhan omar, it will be interesting to see how that plays out. When i came back to the white house, i joined the Vice President on independence day. When the Vice President swore in 50 new naturalized citizens, it was a remarkable day. That day, he was joined by a cabinet member in this administration who came to the United States as a child, unable to speak english, learned english and eventually became a naturalized citizen. She is an asian american, elaine chow, serving in the cabinet of the Trump Administration. When people write the president has racist motives, look at the reality of who is serving in Donald Trumps cabinet. He is making a point about a great frustration. I think its hard to find anything that ilhan omar that has said that is positive about the United States of america. Dagen i said repeatedly that the democrats not calling out antantisemetic remarks and thee of tropes as antisemitism, calling it that, marginalizes and ultimately normalizes it when it was several decades ago that 6 million jews died because of that very kind of antisemitism. Nevertheless, is anybody in the white house aware that the president is going to Say Something like this on twitter . Does anybody is there any stumbling block to prevent Something Like this from getting out, simply because it turns the attention away from someone like elaine chow. Well, i think the president has the great ability to draw attention to elaine chow and his ability to tweet has been an Effective Communication skill, he reminds people he probably wouldnt have been elected president in 2016 around it because its a way to get around some of the Mainstream Media coverage. I dont think there will be change in that pol policy. Dagen mark short. Please come back very soon. Coming up, 2020s healthcare debate, joe biden rolling ows ot his plan, details ahead. The fight is fix obamacare, fix Affordable Care act or rip up everything we know as a nation in terms of Health Insurance. And superhero, the flying soldier wowing crowds over the weekend, the new technology, next. Been here all night. Been here all day. Got me working side to side. 4. 95. No matter what you trade, at fidelity its just 4. 95 per online u. S. Equity trade. No matter what you trade, at fidelity to a child battling a wish can feel like a dream. But its so much more. Wishes are an important part of medical treatment. A chance for kids to see themselves differently. Wishes can give kids the strength to fight. To get better. To grow up. Where theres a wish, theres a way. Youre smart,eat you already knew that. But its also great for finding the perfect used car. Youll see what a fair price is and you can connect with a truecar certified dealer. Now youre even smarter. This is truecar. But i can tell you Liberty Mutual customized my Car Insurance so i only pay for what i need. Oh no, no, no, no, no, no, no. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Dagen president ial candidate joe biden releasing his Healthcare Plan this morning. Cheryl casone has details. Cheryl former Vice President joe biden unveiled that Healthcare Plan. It would add a public option to obamacare with expanded coverage paid for by raising taxes on the wealthiest americans. I believe we have to protect and build on obamacare. Thats why i proposed that in the public option as the best way to lower cost and cover everyone. I understand the appeal for medicare for all. Folks supporting it should be clear that it means getting rid of obamacare. And im not for that. Cheryl biden also says that under his plan, middle class families will get a premium tax credit to help them pay for their coverage. Well, another hit for the boeing 737 max for the company and the stock. American airlines canceling more flights now taking the plane off the schedule for another two months knoll november 3rd. Americans move follows a similar a announcement by united on friday. The journal is reporting the 737 max could remain grounded until 2020. The paper says they need plan to fix software and other steps. That will weigh on the dow on the opening bell. The stock is down almost 1 in the premarket. This is kind of cool. Crowds that attended bastille Day Celebration in paris were treated to this. This is a man flying on a hovering board. He said he created the fly board to work over water. It has the power to take off and reach speeds up to 118 miles an hour. He wore a military style suit to show what future soldiers could look like. Hes a former jet ski champion, believe it or not. Guess thats where all the good balance comes from. Ma. Dagen in the prompter, it looks like frank zappa. I was like all right, all right, all right. Add some hollo hol ograms ine and we have a party. Almost beats broadway people serenading people in the streets during the blackout. Dagen saturday night. Its one big weekend to me. Dagen exactly. Or little weekend. Dagen coming up, barry heading north, the next steps for louisiana as the tropical depression leaves a wake of flooding in hits path. The private sector taking control, one company donating to the u. S. Womens soccer team, trying to close the pay gap. How much that company gave, straight ahead. Up in the morning, yawning, t geget the work boots on. Working like hell until the dinner bell. Cant see what it is yet. Re . What is that . Thats a blazer . Thats a chevy blazer . Aww, this is dope. This thing is beautiful. I love the lights. Oh man, its got a mean face on it. It looks like a piece of candy. Look at the interior. This is nice. This is my sexy mom car. I would feel like a cool dad. Its just really chic. I love this thing. Its gorgeous. I would pull up in this in a heartbeat. I want one of these. That is sharp. The allnew chevy blazer. Speaks for itself. I dont know who they got to design this but give them a cookie and a star. Brad, ive got an idea for a song. Nationwide has this app. You can pay your bills, even start an auto claim. So what i was thinking. Let me guess. Start a claim right from your app. Have you been looking in my notes . Wanna take your xfi now you can with xfi advantage. Giving you enhanced performance and protection. When devices are connected to your homes wifi, theyre protected. Helping keep outsiders from getting inside. And if someone tries, well let you know. So you can stream, surf and game all you want, with confidence you can get coverage where you need it most. Thats xfi advantage. Make your xfi even better. Upgrade today. Call, click or visit a store. Dagen its amazon prime day, the Online Retail giant offering exclusive deal for prime members during the 48 hour sale. Started at midnight. Amazons influence growing, according to new data from emarketer, more than half of u. S. Households will have an amazon prime member this year. This comes as some amazon workers are going on strike today to protest working and wage conditions at fulfillment centers. Joining us now charlie oshay. Is this Old School Call to marketing, is it running out of juice or its novelty. I think it might be going the other way. With extending it an extra 12 hours this year on top of last years 12 hours, now amazon redefines what a day really means, i think. Now its 48 hours in amazons clock. I think the consumers like it. I think what youre seeing with competition is kind of getting a free ride off the buzz that gets created by amazon online. One of the theories we have, and weve been putting it out for a while, if youre a brick and mortar retailer, you want to be the second site. Amazon won the online battle against anybody, except for the rest of retail in total. You want to be the sanity check. Thats the aspirational goal for brick and mortar i think in a practical sense. I think they have to understand that amazons amazon. They can pick up kind of the rest of it if you will. Dagen which retailer does the best job riding on amazons coat tails. Walmart would be the obvious one. I would say walmart. I would say target has done a phenomenal job. Theyre using Retail Stores more than a lot of other retailers will use them because of the sortments. Assortments. A lot of retailers are using the actioam xiom if we take the stot of the h equation, we reduce co. Im a regular amazon prime shopper. I didnt know it was amazon prime day. Are they advertising i mean, how come i didnt get an email about this. You have to turn on mornings with maria. Are they advertising this in a way im missing. Good question. Ive been getting hit. Theyve been blitzing me over the last several days, weeks. The big announcement was june 25th where they announced exactly when it would be. You kind of knew if youre an amazonophile. Then they hit you with its going to be 48 hours this year instead of 36. They may be missing you. Maybe im lucky. Going back to what you were talking about before with the brick and mor mortar, as real ee folks like me like to call stick and brick, dagen referenced getting a free bag from whole foods, but how is amazon integrating whole foods. They own brick and mortar as well. How are they integrating the two . Is prime day an opportunity for them to showcase the fact that theyre not only a Digital Business but theyre also an analog business. Its a great opportunity for amazon to do just that. What weve seen with whole foods, weve been talking about that for quite a while, amazon recognized the food business wasnt getting where it wanted to go and buys whole foods to get a brick and mortar presence. If you go to a whole foods, theres a whole foods two blocks from my office in tribeca, theres a lot of nonfood stuff, theres a lot of yoga mats, clothing, everything, prime deals abound in that store as they do in all of the whole food stores. Amazons really pushing it. And i think theyre still experimenting with what whole foods actually brings and how they can deploy it and how best to leverage it. Its still early innings. Theyve only been in it a couple years. The food business is tougher than the electronics business. Things spoil after two or three days and you have a lot of people saying that the quality at whole foods was not as good. I dont know if thats true. If you go on message boards, theres people saying after amazon bought it, its less good quality. What does this mean for other retailers. I heard you give target a shoutout. You can order on the app and people will run things out to your car for you. Everythineverybody else is tryik up with convenience. Your next best pick is target then . I would say so. Best buy has done a great. With the geek squad. Integrating. A lot of folks were throwing dirt on best buy, it was the next borders and linens and things and circuit city. We took an opposite view because of the brand power. And service, theyre actually offering something. Youre going to go in and spend 3 or 4,000 on a tv, you want someone to talk to you about it. You wont buy it and have it dropshipped to your house. You needed the added feature, you need the added help. You pay extra but thats still a good service. Exactly. I think that unlocking the value of the real estate is important for retailers and every single store you have can function as an integrated component of a multichannel system. And retailers that have closed a lot of stores i think are missing the boat. Leverage those stores. Buy online, pick up in store is a weapon, its a big deal. Walwalmart is using it to grow s food business. Walmarts food business is going to hit 300 billion in the next couple years in the u. S. Thats a staggering number. Amazons in the high teens right now. When you look at things, you have to keep it in perspective and the stores are, again, we call them assets. Theyre on the asset side of the Balance Sheet for a reason. Have you to use them effectively. You made an investment. Theyre your brand identity in a market. Have you to use them. Dagen real quick. With the trade war, the tariffs on about half, a little less than half the goods that we import from china, front page of the wall street journal that a lot of companies are starting to manufacture elsewhere, crocs, yeti coolers, you cant get away from those at dicks sporting goods, the roomba, for example. Which one of these, of the large discount retailers do you think is best positioned to withstand the margin pressure, the higher costs because of tariffs. I dont want to sound like im advertising for walmart, because the food business, you strip the food out and the rest of walmarts business is potentially tariff impacted. If youre a large retailer with a strong Balance Sheet, good credit statistics, youve already taken care of that, youve already diversified your supply chain away from a focus anywhere. Vietnam has been popular. Some of the other Asian Countries have been popular. I think theyve done the best they can. Weve seen port strikes. Weve seen bankruptcy that disrupted supply chains. They already had a pace to this in the past and if they again, if theyve been savvy, theyve already taken a lot of the risk out of the supply chain where tariffs will hit them. Dagen are you most bullish on walmart as a stock . Not an equity analyst. From a credit perspective, from a market power perspective, walmart is still the dominant retailer in the world. Dagen fixed income rules, if youre a nerd like me, fixed income rules. I didnt just call you a nerd. I promise, charlie. Its okay. Dagen i call myself one, myself all day long. Charlie, it was good to see you. Great to be back. Dagen barry heading north, the impact still being felt asthmas ive rains continue to fall. Plus budweisers fashion play, the beer maker entering the world of swimsuits, thats straight ahead. Most people think a button is just a button. That a speaker is just a speaker. Or that the journey cant be the destination. Most people havent driven a lincoln. Discover the lincoln approach to craftsmanship at the lincoln summer invitation. Right now, get 0 apr on all 2019 lincoln vehicles plus no payments for up to 90 days. Only at your lincoln dealer. Or trips to mars. 4. 95. Delivery drones or the latest phones. 4. 95. No matter what you trade, at fidelity its just 4. 95 per online u. S. Equity trade. Dagen welcome back. Im Dagen Mcdowell, in for Maria Bartiromo. Its monday, july 1 15th. Your top stories at 7 30 a. M. Eastern. Markets looking to push to new alltime highs. It was a recordsetting week for the dow, nasdaq and s p last week, all three major market gauges rising to new records on friday. The s p closing above 3,000 for the very first time. In europe we have a little bit of buying to tell you about in england, france and germany. The French Market turning around to the plus side. In asia overnight, there were more signs of a slowdown in china. The economy growing by 6. 2 in the Second Quarter. Thats the lowest rate since at least 1992. The nikkei was closed in japan for a holiday. The shanghai and hang seng heading higher. Investors eyeing earnings, Second Quarter earnings kicking into high gear today. Big banks begin reporting with citi out in about half an hour. We give you everything you need to know. But these Companies Given where their stock prices are, many of them need to put up and give good outlooks for the rest of the year, even into 2020. We will see what happens. Closing the pay gap meantime, one company taking action and donating half a Million Dollars to the womens soccer team. Budweisers newest vei venture, swimwear. We take a look ahead. Communities in louisiana cleaning up after hurricane barry made land fall as a category 1 storm saturday. It has since been downgraded to a tropical depression. It caused flooding and power outages. Joining us now, retired lieutenant general, former Hurricane Katrina joint task force commander, russell onorai. Good to see you. Lieutenant general, tell us what the aftermath of this storm is and it certainly the impact wasnt as grave as many thought it would be. Absolutely. We dodged a bullet in a way. Theres still people that got some flooding and some infrastructure that was broken down in the saint mere parish and along the primary route in iberia and throughout the state as it moves north, a lot of tree damage that caused at one time over 100,000 people to be without power. That number is better this morning, its around 70,000 still remaining that has to be restored power. The other thing is we dodged a bullet, no major accidents or incidents on the Mississippi River. You know, between baton rouge and new orleans, we have over 100 petrochemical plants. Any one of them on any given day can be a mini chernobyl if they were to be violated because theyre right on the river and hats off to the coast guard and First Responders for taking care of people and closing that river down at the right time. It is back open for commerce today and you know the port of new orleans, about 40 of our exports, the stuff the United States industry makes money on, in agriculture goes out of the port of new orleans, so its significant to our country. That being said, we still have some work t do, we have learned, on how we manage the river. Dagen. As you say, the port io important, which is a great reminder. Deirdre here. You said you dodged a bullet. Is there anything that can be done . The storms are coming with more and more frequency. What can be done to prevent, put in Circuit Breakers if you like for the next one . I think were going to have to take a big look. You know, the wind bands at the height, we might have had one recorded around 7 a 5 or 80 5 or 80 miles an hour at one time. We have to spend more time on tree maintenance. Everybody loves trees, weve got to have them. Its ridiculous when you ride around south louisiana and many of our other states. Weve got trees with the power lines going through them. Thats going to have to be addressed. Because at the end of the day, it affects peoples lives and it almost looked third world the way we maintain our power lines. Most of the new subdivisions have underground power. All of the old historic communities here in baton rouge, new orleans and lake charles, and lafayette, we literally have power lines going through trees. Were going to have to fix that. That was very last century. Now we need to go in and reset that because it has an impact on peoples lives as well as our economy. And weve got to do better. That infrastructure has to be fixed and weve got some drainage issues weve still got to deal with that we knew about going back to katrina that hadnt been properly addressed. Even though the federal government did a great job and we saw that levee system in new orleans hold up to the Tropical Storm. Think about a category 3. We still have work to do on our drainage system, how we get the water that we can predict thats coming, places that repetitively flood, we just have people getting back into their homes at denim springs that flooded in 2016 and we have talk about how we do recovery in a more expeditious way. Real quickly, mitch rochell here, most people didnt know what levees were other than a don mcclain song. The levees were pushed to the limit because of the winter and the rain that flowed down the mississippi. Is that a recurring problem or is that unique to this year because of the winter they had up north. In 2011 we had a big challenge to the levees. We had to open the Bonnie Carrie spillway. Those spillways are critical to prevent baton rouge and new orleans from flooding. I think the corps will have to take a relook at the bogansa control structure, if that structure fails, the Mississippi River could change directions. I dont mean to scare people in america but that infrastructure needs to be upgraded and we need to more quickly open the morgansa. If the Mississippi River changed direction, new orleans will be out of water and the port will be closed. There wont be enough water in the river to sustain operations. Thats a big man talk we need to have in washington and Congress Needs to fund these projects dis dagen and big woman talk, general. You know who gets things done. Im just joking. Youre right. Dagen im just joking with you. My mama told me. Dagen yes, she did. Its great to see you, sir l. Thank you so much. We will see you soon. Coming up, closing the pay gap, one company taking action, donating half a Million Dollars to the womens soccer team. Those details. Plus, budweisers new fashion just in time for summer. The swimsuits made for a cool one by the pool. Do they hold your beer gut in . We discuss, next. What if god was one of us. Just a slob like one of us. Just a stranger on the bus. Trying to make his way home. The cloud i need . It has to keep up with sales, supply chain, inventory it needs to track it all, from cincinnati to singapore. Ooo and protect it all. Customer records, our financials, they better be secured. But i also need easy access, to manage data across my clouds no matter where it lives. So if an auditor shows up, i can be a step ahead. Thats the cloud i want. Is that to much to ask . Expect more from your cloud. Ibm cloud. Dto experiencer gthe luxury you desire on a full line of utility vehicles. 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Dagencheryl welcome back to mornings with maria. Im Cheryl Casone. President trump is tweeting again about the democrats. Heres what the president wrote. If democrats want to unite around the foul language and hatred spewed from the mouth and actions of the very unpopular and unrepresentative congresswomen it will be interesting to see how it plays out. I can tell you they made israel feel abandoned by the United States. That tweet coming out by President Trump. Other headlines this morning, hong kong leader carrie lambs new comments raised tensions with protesters. She is calling protesters who clashed with police rioters. Several Police Officers were injured in violent protests against an extra decisio extrad. Maria had an exclusive interview. Maria you said if this bill goes through its the end of hong kong. Explain. Well, if this bill goes through, they can get anybody to jail in che china and the rule f law in hong kong, without the rule of law, our financial status will be undermined also. Cheryl lamb last week declared the bill dead. Protesters say they want to see a formal withdrawal from the legislative process. That has not yet happened. Listen up if you drive a sue suu sedan, they may have to be replaced. They may not be Strong Enough to hold up in a crash. They are recalling legacies and outbacks. Less than 20 of the cars in question have been delivered to owners. Weve got a stock alert for you right now. Take a look at this. Shales of General Electric under pressure, gone almos down almosa percent right now. Ubs downgraded the stock to neutral. Theyre saying its time for the stock to take a bit of a breather. Shares of ge are up more than 40 so far this year. Take a look at that chart. Now you can bring your bud light to the pool and you can wear it at the same time. That is because budweiser and bud light teamed up to launch a swim and summer clothing line. There you go. The company says the outfits are designed to get you out of that 9 to 5 working stiff uniform, loosen you up a little bit. I thought beer was supposed to do that anyway. The official line offers swimwear, robes, hawaiian shirts and pajamaalls. Theres su sunglasses and hats f you want to complete the whole budweiser look. Dagen does the womens one piece hold you in like a girdle . Cheryl doubt it. Dagen like spanx and hold in the love hand l tells. Cheryl handles. Cheryl its. Its kind of cute, ive got to say. Dagen sort of. Except youre a billboard. Cheryl theres that. Dagen thank you so much for that. Do you wear pajamaalls, i see you in those at the home depot. I think you would get throb out. Thrownout. All these companies do itjust. Dagen mitch, you clearly went to an upscale home depot. They will not throw you out of home depot for wearing the pajamaalls. Those in westchester are a little different than dagen are you fancy. The private sector taking control. The company donating to the u. S. Womens soccer team, trying to close the pay gap. Will half a million bucks do it . Next. I try to say goodbye and i choke. Try to walk away and i stumble. Cant see what it is yet. Re . What is that . Thats a blazer . Thats a chevy blazer . Aww, this is dope. This thing is beautiful. I love the lights. Oh man, its got a mean face on it. It looks like a piece of candy. Look at the interior. This is nice. This is my sexy mom car. I would feel like a cool dad. Its just really chic. I love this thing. Its gorgeous. I would pull up in this in a heartbeat. I want one of these. That is sharp. The allnew chevy blazer. Speaks for itself. I dont know who they got to design this but give them a cookie and a star. Dagen the u. S. Womens soccer Team Wins Big again. One major u. S. Company stepping up to close the pay gap. Lauren simonetti has all the he details. Lauren i sure do. That company is Procter Gamble. Its a Major Corporation who is also a sponsor of u. S. Soccer donating 529,000 as this ad in the New York Times sunday edition points out. Its by p gs secret deodorant, my favorite line to be on the right side of history. This is explicit sponsoring, about play and pay and values which the ad shows out. Weve seen nike, they supported the players, they have ads that are inspiring. But theyre general. Theyre about breaking the Glass Ceiling in general. P gs ad and its donation directly mentioned the pay gap and calling u. S. Soccer to close it. Heres a little bit of the back story. In march, the u. S. Womens team filed a gender discrimination lawsuit against the soccer federation. The suit was about pay and the more packed schedule, the worse travel conditions, less training than the Mens National team despite, oh, more winning. The mens and woMens National teams compete under separate collective bargaining agreements with u. S. Soccer. That disparity gets more attention now because lets face it, the womens team won two consecutive world championships. Some say they should pay more. Companies putting money where their mouth is. The energy bar maker luna bar is promising each player who made the world cup roster a bonus, which will represent the difference in bonuses made between men and women. Politicians are reacting as well. Dagen what do you sunshine i was saying what do you think . I was saying that me megan rapi, shes made it more than just the play on the field and the womens greatness, that she turned into a preacher and someone with very, very hard political opinions. Its difficult for sports figures now. Even espn, i think we heard the president a couple months ago, saying you know what we realize from our audience, the audience wants to hear athletes talk about sports, not about politics. Dagen you can talk about whatever you want. But if you are the spokesperson for your team, for womens soccer, you want more people to come to your game, you want more people to buy your merchandise, to watch on television, you want to be a spokesperson for these companies. Again, you lead with your athleticism and you lead with your sport. You dont lead with your political opinions. I do think that that has overshadowed it. Your argument would be that if she had welcomed going to the white house it would have been a stronger position for her to say you know what, equal pay, pay us the same. Dagen it wasnt even the white house. It was the speeches that she gave. Its the preaching. Negativity. Dagen just the preachiness. She did certainly alienate a good part of the country, if youre going to talk that way about the white house and the president , to people who do support him. Anyway, secret stepping up with some lauren i wonder if secrets sales go up for women who are saying its about time, this is the deodorant were going to use. I think that will happen for p g. Dagen its virtue signaling on behalf of Procter Gamble. I hope Procter Gamble has equal pay inside the ranks of itself. Its easy to dive into the conversation. Dagen a lot of Tech Companies brag about equal pay but they have a small percentage of their workforce represented by women. Apple in their tech jobs, its a little more than onefifth of people in actual technical jobs are women in that company. Lauren senator joe manchin proposed legislation that would block funding for the 2026 world cup unless the womens team gets equal pay. Dagen this is something somete teams can fix. Citi numbers out ahead. Stay with us. Get up off of that but this. This is my forte. Obviously, for auto insurance, weve got the wheel route. Obviously. Retirement, were going with a longterm play. Makes sense. Pet insurance, wait, let me guess. Flea flicker. Yes howd you know . Studying my playbook . Yeah, actually. Content on their endless quest, to nowhere. S, run hopelessly in their cage. But perhaps this year, a more exhilarating endeavor awaits. Defy the laws of human nature,at the summer of audi sales event. Get exceptional offers now. Fun fact 1 in 4 of us millennials have debt we might die with. And most of that debt is actually from credit cards. Its just not right. But with sofi, you can get your credit cards right by consolidating your Credit Card Debt into one monthly payment. You can get your Interest Rate right by locking in a fixed low rate today. And you can get your money right. With sofi. Check your rate in 2 minutes or less. Get a nofee personal loan up to 100k. Dagen breakings news citigroup earnings outs Ashley Webster has everything you he need to know. I wish i did most headlined but not adjusted, per share revenue 18. 76 billion slightly better than expected, look at premarket on citigroup up well 53 cents about one and a half coming back just a little bit the banks have had a better time this year they got hammered end of last year citi up 38 this year, but here we go we have 195 on eps is that correct that means that is a that is a nice beat on the earnings front, the estimate was 181 guys the actual was 195 positive, big Financial Company out of the gate on Second Quarter earnings up more than 1 in premarket, we know we were warned a month ago that fixed income equity trading revenue are going to be down in mid Single Digits what people will look for how they did in asia concerns about strayed dispute with china helped citigroup many countries in asia maybe more business picked up as countries leave china to go to other Asian Countries first blush dagen not bad on help numbers we know Interest Rates are low banks are not making much more than that Net Interest Margin not making a lot on loans with Interest Rates so low. Charge more on loans than i pay in deposit. Right. Longer like longer term rates sinking, in anticipation Federal Reserve is going to cut rates shortly that is potentially squeezed the margins there. A beat on top line a beat on bottom line thank you. Bikhave you gotten a clangs o on there what ashley was talking about a peek at numbers for citi. I apologize i havent seen numbers at all i had computer focused on it will the point is citigroup and other banks should have a deent quarter, because you have to look not at Interest Rates, you have to look what the is going in the quarter what they sell primarily in loans you know we are decent in Second Quarter you had, good results from commercial industrial side, you know you had he mortgages you know picked up somewhat. You know, consumers borrowing money like crazy through credit cards, also, you know, coming back in auto loan sector if you have you be the volume increasing Interest Rates have not changed yet even though they are expected to change, then your margins should be relatively stable if stable sherngs be up, in addition you know you had basically so some very big high ipos this quarter, you had you know, the yield about curve go down across the board, actually creates a fortune in profit for banks they have 3 1 2 trillion dollars securities they own if you get whole yield curve dropping you are seeing a big increase you know hundreds of billions of dollars, in profits for the banking industry. So you know, this should be a decent quarter the problem is nobody will care. And the reason they wont care is that you say they are going to focus focus focus on you know, what is going to happen with Interest Rates at fed taking the opinion that if Interest Rates go down bad for banks, even though there is no historical evidence whatsoever to indicate that that statement is true. So i dont know, my guess is you ought to be buying citigroup big banks but market is going to be very ask ittesh about these companies. You have always said companies that if the economy and borrower and consumer is healthy that is one of the most critical things to Pay Attention to, and i will turn to a quote from citigroup, and it is Earnings Announcement quote we have good momentum in solid growth across our consumer franchise particularly in the u. S. We navigated in uncertainty environment successfully by executing strategy showing duly licensed in expense Credit Risk Management according to citigroup. If you take a look at the way they have reshaped the company, right they have gotten rid of you know most of their foreign involvement, getting out of you know countries all around the world closed down businesses in United States, theyve eliminated the facilities all over United States, and they have got lets say two really he really strong, one a dominate Credit Company a Credit Card Company around the world the credit card business looks great because, you know, earnings are up slightly for individuals in real terms obviously, jobs are up significantly. The second business that they focused on, is trading in Investment Banking, and while trading always goes down in Second Quarter, versus the First Quarter, from the seasonal standpoint, you know Investment Banking is terrific right Investment Banking all of these companies that came to market prices went up, are there the green chutes extraordinarily profitable for Companies Part of the as i understand ification you should see decent numbers out of banks this quarter, if you take a look what the the banks do, relative to what supposedly the s p 500 is going to do the banks are going to show up earnings s p flat to down, according to other people, i dont make that, if, if that is true, then the banks should be bought in addition to when multiples are very low the problem is nobody cares about anything i just said all they care about what did chairman powell is a i to senate and house last week what is going to happen to Interest Rates, and that is just it is a far. Farce not going to kill banks. Up 38 wildly out performing broad market gage even s p 500 myou have a question. Almost two times s p if not going to care about bank stocks not going to care about the question either, which is one of the things that was a big talking point, in the earnings calls of all banks after First Quarter was expenses and then this press release talked expenses are banks cutting back their spend and is that really part of what is driving the earnings . You see revenue up, and earnings per share up expense control wig part of the equation . Absolutely you are definitely correct one hundred percent, basically, technology you know people think that another false expression about banks theying a in technology, banks are the most advanced companies in technology in the United States, other than the Technology Companies themselves. And they use that technology, extraordinarily effectively to replace laborintensive activities with machines. As a result of that, you know their expense are not growing their loan losses are going to creep up, but loan losses are extraordinarily low so huge part of the story on banks the last few years has been the fact that their expenses dont go up their revenues eke up in small amounts when leads to you know relatively good increases in pretax income. Quickly, you mentioned Investment Banking, as a strength obviously, it is we examine to see from he peers through the week what do you make of more and more Companies Going public with direct listings, spotify was first to do it will not been a loan, and seems more and more companies are going to be doing this essentially means cutting out middle man, in this case investment banks. Is this business being disrupted . Or are we looking at a few companies that have just chosen to go public differently . Well the you are right the whole structure of the market has changed, right . In other words, you got private Equity Companies youve got, money flowing in from overseas the need to go to big bank to do a a Public Offering is becoming significantly reduced. However, you know you get all unicorns coming to market that dont have any profits of, perhaps never had profits, you do need someone to sell that story. And in order to get someone to sell that story you do have to go to a big bank these big banks i think have done an extraordinarily effective job for themselves, and shareholders past quart i think that will show up when all these numbers are out for citi and Jpmorgan Goldman Morgan Stanley all these guys. Good to see you this morning thank you so much. Thank you. Turning to u. S. China trade president speaking out this morning, on chinas Economic Growth in Second Quarter Edward Lawrence live at the white house very latest good morning ed. The president woke up with economy on mind first set of tweets on that talking about how he is talking about antiquated his words antiquated policy of Federal Reserve we are growing he said much room to grow, for the u. S. Economy then president turned to china, president saying that chinese have had the slowest growth theyve had in 27 years as of right now president pointing to fact that tariffs are playing a major role in that economy, also, playing a imagine role in the fact xaengz are trying to leave china for nontariff Companies Saying china wished that it did not break the deal that it made with the United States, the president making the case, that china is actually paying for tariffs something you said before by devaluing pumping money into their system here the president holding off though on everything emphasis china imports into United States placing under tariffs all still is an option for the president now right now the talks on the phone are still happening, between the two trade groups, u. S. Trying to get a date for the next round of facetoface talks. We are facing a country that hacks our computers steals intellectual property forces Technology Transfer manipulates its currency and dump fentanyl into our communities so those are kinds of things we are trying to negotiate. Peter on that council trying to negotiate with this trying to gage how amenable chinese will be when they come back to the talks, to see what the concessions they made taken out of the deal will be placed back into trade deal dagen. Dagen thank you so much, Edward Lawrence at the white house coming up louisiana underwater we take you live to new orleans for a closer look at how that as i is recovering from tropical depression barry. Action against amazon as strael giant kicking off its Global Shopping event. How your deal could be affected. This is the couple who wanted to get away who used expedia to book the Vacation Rental which led to the discovery that sometimes a little down time can lift you right up. Expedia. Everything you need to go. Lick fast like a cookie dough ninja. Apply that same speed to the ford hurry up and save sales event. For the First Time Ever get 20 estimated savings on select ford models, plus earn complimentary maintenance through fordpass rewards. It all adds up. Dont you love math . So get here asap because tasty deals and summer go fast. Get in or lose out on 20 estimated savings on select ford models, plus earn complimentary maintenance through fordpass rewards. Barry make landfall over weekend into tropical depression good morning jeff. Reporter good morning to you prepared for the worst hoped for best got what they hoped for this is new orleans mississippi, and maybe you see i dont think you can tell you know you have had a hurricane coming in with river at record high levels for this time of year in fact to give indication how high a marker out there, that is on dry land, actually you see how much the mississippi has come in. But despite that, it wasnt as bad as they thought yes overof levees blackmans parish south of here a big difference between overtop and failure there you are means big needs outside the levee system, yeah there was flooding, and we got pictures of some of the rescues that took place some people from roofs of their houses but these are people that live in lowlying areas probably should not have stayed in the face of this hurricane anyway. I leave you perhaps with a picture of new orleans blocked a little by a tree frank takes a look down here 224 floodgates in new orleans that is one of them there they closed them all now in the process of reopening them. That one leading into the French Quarter right there open protected the city did they learn from katrina . By gosh i think they did. Dagen. Dagen jeff good to see you my friend jeff flock in new orleans. Thank you. Coming up, taking action against Amazon Retail giant kicking off annual Global Shopping event how this would impact your deals big tech threat blillionaire calling for consolidation over rep with china more details on that. Were changing whats possible every single day. , but what does changing whats possible mean anyway . Well. If you run a business, it means a lot. For starters, we provide you with Financing Options for your customers. That way, you can help them buy the things they love instantly and pay over time. And that turns them into serious fans. Hang on, theres more. Want Customer Insights . Weve got those, too. We use data to show you what your shoppers have already bought so we can tell you what they might consider buying next. And you can offer them the perfect products. That ceo gets it. From adding unique capabilities to your companys apps to bringing you loyalty programs, our financial and Tech Solutions are changing whats possible in all sorts of ways. So, how can we change whats possible for you . Treasonous amazon prime day two days of deals amazon employees in minnesota going on the strike, covering the story live from minneapolis good morning susan. Good morning to you dagen that is right christmas in july amazon kicking off two day primeday event to bring in 4 to 7 billion dollars, over the next 48 hours given scientific amazon has become a political flash point they make billions of dollars off the u. S. Consumer some say they dont pay fair share when it comes to Corporate Taxes and dont treat workers with as good as they should outside minneapolis expecting first of its kind worker strike for amazon this is not first worker protest we have seen at the center in fact once in december last year but we are expecting one of the most important days for amazon, here on this prime day, and we are checking with one of the primary organizers in this protester expecting 100 workers to go on strike, i am wo wondering what are they protesting. Working at amazon difficult very hard to work one of the things would reduce very he is if management would reduce the rates the production rates that we are required to meet every hour. Have productivity quotes numbers of packages within an hour, 600 whether big or small, some say that seems a little unfair. Right in my job it is 600 items an hour i handle. And we also would like to see, some improvement made in ergonomics, repetitive nature of work leads to workplace injuries. You are on medical leave ensures that is correct. Were you injured at this center. I was yes. So roobs how big ri looking for. What would be fair. Even 10 reduction in rate across the board, would help workers quite a bit. 10 reduction 540 packages an hour down from 600 that is what you are looking for. Right in my particular case the rates do vary depending what position you are in. Another issue that workers are protesting the fact they are hiring more temporary staff not giving out full time positions, right temporary workers they are held to same standards that fulltime amazon employees are held to yet dont have amazon benefits. To give other side of this we did get in contact with amazon say 90 workers here at this center are fulltime staff. Right, well um the integrity um workers are fulltime but still not employees. Amazon employees. What i am hearing from you it is i guess by working conditions, and also fulltime positions not about money, because amazon moved up minimum wage to 15 an hour told us at this center the average wage is around 16 to 20 dollars with benefits. That is correct, i make 17. 15 an hour. What about unionization are you getting pushback in terms of forge one by amazon . Right, sedan is antiunion that is not what we are protesting that could be something we look at in the future. Not just workers here, i believe a pilot is coming to join also well paid engineers in seattle, here as well. Right we have quite a show of support, from other coworkers. Why prime day why not select another day . Is this make your message heard loudly. Yes if a destruction in work would transfer work to another center but that is not possible today because all the centers are busy. What would you like jeff bezos to hear from you richest man in the world Founder Owner of amazon. Well, management demands best from workers now we want managements best. Thank you so much we are expecting a so itdown walkout to take place in the afternoon at end of the day session, then heading into the night session as well, first of its kind because workers dont go on strike this busy back to you. Thank you for that suzan li in minneapolis have you been being look at think raised issue with on of our guests Charlie Oshea is prime day losing oomph maybe given oomph to other retailers walmart target. I think helped entire retail ecosystem whether or not digit or in store, and going back to something talking about earlier the consumers very, very strong right now that is, the part of the economy probably strongest no better time than when consumer is strong to create retail buying opportunities i think, prime day is a great catalyst to sort of get people to think about shopping six months away from biggest time of the year for shopping. Reminded people, if you havent been on amazon past 48 hours here you go, there you go. Lots of amazon products like the deals on echo, dyson vacuum jooum. Amazon wanted peaceably addicted to system much like people are with apple which you talk about offering checko anything by alexa we heard developing kind of minirobot they want you to withdrews their services as much as the shopping. Also creating products like the video tying into other products what is next especially when we get into 5g internet of things all devices are connected to one another. May not affect the woman that we just heard, with susan but there was a report outlast week sedan is spending 7 hundred Million Dollars to train workforce in light of a third of their workforce, in response to us automation a better way to adapt to how technology is changing things Performance Center that woman works in may not exist with any humans working in it so many years there is some sort of response maybe not direct a response on point so a. Even. Costs money to replace workers. Right this falls on private sector rather than politicians who have been talking and doing nothing. Not walking the talk for literally decades in this country, and comes down to what are private businesses doing, to make sure that their o workforce are trained retrained. Relevant for skills needed to drive business in the future it is a lot cheaper to train existing talent than replace them. President trumps nationwide raids against undocumented immigrants not unfolding that way so far billionaire peter thiel said calling for investigation, into google over its relationship with china. Award winning interface. Award winning design. Award winning engine. The volvo xc90. The most awarded luxury suv of the century. Youre smart,eat you already knew that. But its also great for finding the perfect used car. Youll see what a fair price is and you can connect with a truecar certified dealer. Now youre even smarter. This is truecar. Or trips to mars. 4. 95. Delivery drones or the latest phones. 4. 95. No matter what you trade, at fidelity its just 4. 95 per online u. S. Equity trade. For Maria Bartiromo. Monday, july 15 top stories 8 30 a. M. Eastern. Markets poised for a higher open looking to push new alltime highs 52. Gain on dow futures all three major market gauges in the green following a recordsetting week for the dow, nasdaq and s p. Is it citigroup double beat profits rising on lower comforts gains in Consumer Lending the news lifting citi other banks ahead of the open. You have gains across the board citigroup stock is up almost more than 35 yeartodate, adding nearly 1 in premarket action. In yoorp you have buying england france and germany this morning biggest winner there the dax in germany up half of 1 more signs of a slowdown in china, that was kind of factored into the asian markets, chinas economy growing 6. a Second Quarter sounds strong, but was slowest rate since 1992 at least 92. Slowest rate on record. In japan the nikkei closed for a holiday border battle ice going ahead with crackdown on Illegal Immigrants some ll leaders fight back against the raids. Is if bitcoin plunging cryptocurrency diving more than 10 over the weekend, briefly trading below 10,000 dollars pb this follows last weeks comments from President Donald Trump saying he is not fan of Bitcoin Cryptocurrency talking about regulation, hightech threat billionaire he peter thiel reportedly calling for investigation into google over work with china. What allegations could mean for the tech giant. Top story this half hour a nationwide crackdown on he immigration ice action planned 10 major cities trying to round up thousand already ordered out of the country Lindsey Graham visited the border on friday Maria Bartiromo spoke with him yesterday on sunday morning futures. Weve got pushback from some democrats, and liberal mayors trying to stop the ice officials and Border Patrol officials from carrying out their directive. Ice raids today are focused on criminals who have gone to court lost their case, democrats are also advocating decriminalizeing entry into United States provide Free Health Care to Illegal Immigrants once they get here. U. S. Citizenship Immigration Services acting director cubing until director. Good to see you large scale immigration raids failed to materialize in the wall street journal reports ice agents put on standby for potential raids this weekend, while some operations continued in individual cities, agents were never given order to execute on nationwide scale one Administration Official says. What do you make of this . Again, it seems like the public was led to believe there was going to be something kind of massive and widespread, not happening. So the way i understand the acting director set this up has given discretion to local responsible officers to perform their responsibilities as and when they see fit now i am speaking very generally, but that is the way Law Enforcement should operate. Law enforcement operations have to be taken on casebycase basis if for no other reason officers safety. So the notion that you are going to hear some National Rollout announcement, is really i think kind of people are are miscon construing that ice doing job so many competent officers doing their job has suddenly become news. And this is what they do every day, whether it is cracking down on employers violating our law or whether it is gathering people who are disobeying federal orders over a Million People federal removal orders not obeying orders and they do target as you heard senator graham say still prioritize criminalize in this country, but that is not an exclusive target. Anyone in that Million People have been through massive due process and gotten removal order are subject to removal and ices job to do that take their job very seriously very good at it, despite a lot of vitriol lobbed at them by elements of the political class. Ken we should point out i want to make this clear your agency is not directly involved in Law Enforcement. Correct. Dagen it is charged but you administrator the countrys Legal Immigration system. And asylum. Dagen green cards eligible asylumseekers that is what you handle. Correct. Dagen i wonder about wisdom of talking about these raids because President Trump started talking about them last month announced a similar raid last month, it was postponed amid concern over the officers safety. And you have been asked about it and commented about like i said last unique about why give Illegal Immigrants in this country would be eligible for deportation why give them a headsup it just seems is this just political . Is it to rattle left to basically is it a political move to get the left liberals or democrats to see like siding with Illegal Immigrants versus those here who are here legally . First of all, it is important not only that a Justice System work and be just but that it be seen to work and be just. The importance of that is that people who are considering coming here who think all they have got to do is get by the border illegally they are home mystery ice stands in the way of that they are the wall there. And when those people come in illegally, and get orders of removal they need to know that even after that point that our legal system the rule of law still applies and that they will be removed or they are subject to removal that is who this is important for in addition to just maintaining the rule of law. Dagen ken my question is when you talk about raids that are going to happen across the country, you are giving people who might be deported a headsup, and giving people the democrats in somes sanctuary cities a headsup it seems like you are doing it for political purposes if you were quiet would be easier for agents themselves to go into communities and actually apprehend people here illegally offered deportation send them back to their home country. Unfortunately, this particular subject matter ilLegal Immigration is a hot button, it is major subject of policy debate, and so you do get public discussion including of Law Enforcement operation at a general level should it never get specific beforehand that causes all sorts of problems but you are right. It is discussed publicly, but what people should understand is that for those more than Million People who have had due process have removal orders they are always subject to this removal. It is and ice doesnt sit around say all right on x, and such date we are going to go after 1 now, 1,000, 2000 people this is a rolling effort what you have heard talked about a broader push understand ice is doing their job every day. Whether it is enforcing against employers breaking the law, whether it is people with removal orders and so on. Dagen the mayor police chief why los angeles pushed back against ice listen to this. I want every angeleno to know their rights and how to exercise them i want you to know do you not need be afraid your city is on your side rest assured here in los angeles we are not cooperation. Immigration is a federal matter, safety is a police matter. So were not going to mix those two. This is a partisan politics it is about being a Good Neighbor ken your reaction to that. Pathetic that is pathetic we are talking about people would who have been through a massive due process, and by and large broken law to come here and, and, remember, ice still targets criminals meaning people who have committed other crimes after coming into this country. And so for the mayor and police chief of one of the largest counties in the country, largest cities in the country to speak about harboring criminals by and large remember the priority for ice prowled say we audly lee not going to help protect people not 15 miles from where i sit Prince Georges Police in maryland saying same thing after killed 14yearold girl the People Killed her illegal aliens previously deans should have been happened to do ice but no maryland proudly claims its a sanctuary state proudly didnt hand people over another girl is dead an illegally alien seditioned to life it isnt just victims victimized. Protecting against that. When you have Administration Officials talking to the press about the upcoming raids upcoming raids upcoming raids turns into backandforth political posturing rather than allowing ice agents to quietly go into communities, and apprehend these people who are here illegally. Who potential criminals, who are have their deportation efforts um, already in place. That is my point. Is that when you talk about it so publicly, it turns into this left and right backandforth and it is just political posturing actually isnt following through with the deportations in if law. Look there are pros and cons to being more public about this, you have just identified i think quite accurately one of the cons one of the negatives as i mentioned earlier one of the pros is we are trying to create a deterrence effect as well because we are trying to affect future behavior calculus each may come to maybe a little different you think that it shouldnt be talked about beforehand obviously, the president thinks somewhat differently weighing more in favor of the deterrent effect those are honest debates but i think are legitimate to have and, of course, always prioritizing safety factors in the president has come out a little bit differently from how you feel about it i try to focus maximizing deterrence opportunities here as you note this is an ice responsibility, it is not my agency we have a lot of respect for our ice agents and for the work they do. We want them safe as possible but we also want to take advantage of the fact to tell the rest of the world look this is how we operate we enforce our laws, and you cant expect to simply ignore them if you come to america. Dagen Ken Cuccinelli thank you acting director u. S. Citizenship Immigration Services, christmas in july retail giant amazon kicking off annual prime day, prime two day shopping event not everyone is onboard Stuart Varney weighs in big banks in focus, shares of citigroup jumping up almost 1 after beating wall street expenses on quarterly, we take you to the Trading Floor for a look next. Take me to see l. A. You will be vo the hamsters, run hopelessly in their cage. Content on their endless quest, to nowhere. But perhaps this year, a more exhilarating endeavor awaits. Defy the laws of human nature,at the summer of audi sales event. Get exceptional offers now. Dagen citigroup first of the big banks to report Quarterly Earnings posting a beat Jackie Deangelis on the floor of the New York Stock Exchange with details jackie. Good morning to you dagen traders watching citi very closely this morning kicks off the banks, earnings season and earnings season in earnest traders wanted to hear there is more than attending pending rate tax cut to drive stocks higher and strong earnings from banks could be it we got earnings per share from citigroup 1. 83 higher than expected on revenue 18. 76 billion dollars. And so everyone will be watching what is bank of america going to say goldman jane, Morgan Stanley going to say in the week, meantime, they said a jump in fixed income training helped earnings at costcutting 10 00 a. M. People want to go hear about International Business specifically asia i want to switch gears take a look at google for a promptly, because, over the weekend, axios reported that peter thiel was speaking in washington, d. C. , and he said the fbi, cia should actually investigate google see if it has been infiltrated by chinese intelligence google not responding to this yet but certainly this could open pandoras box. Dagen jackie thank you so much for that Jackie Deangelis New York Stock Exchange amazon prime day in full swing only shoppers get two days of deals employees in minnesota planning to on strike joining me host of Varney Company, what say you sir. I as i christmas in july that is what i say, i mean, i think what amazon has done with the i dont know exactly when it started prime days, it started expand and grew and it is a revolution in the rallyings business walmart joined target etch bay starts day 4 hours prime days, 18 countries involved, a million products will be what is it a million deals that are on offer it just turns the retailing business on its headed it used to be black friday day after thanksgiving or backtoschool, i see the lines out the doors for to special offers, now it is all done online gigantic retailing Operation Christmas in july, frankly i love it. But i dont think it is we quite understand how big a deal it is. Dagen stuart i am on the phone shopping for you oh, thank you very much. Trying to figure out what would you buy you are not really a a much of a shopper, but i know you love a deal. Why do you say i am not much of a shopper . I dont think because i think that you are very careful with your money. Are you calling me cheap . No, i am just laugh lawful no not at all, i dont think you are a frivolous person. Where is maria . [laughter] i am not, you are quite right i do have a hard time putting my hand in my pocket putting money down right there or slapping down plastic i have a hard time doing that i am thrifty. Thrift as a virtue young lady. I agree. There you go. I agree with you one hundred percent. All day long every day. Stuart starts in less than 10 minutes thank you so much. See you later Varney Company every day, 9 00 a. M. To noon eastern coming up facebook under microscope security and Exchange Commission considering a crackdown on cryptocurrency. And casting a new bond james bond, daniel craig passing torch to a new double 007 we tell you who might be taking over that iconic role next. You could be anything that i wanted to the way you do the things you do the way you do most of us dont know how much data we use, but we all know were paying too much for it. Enter xfinity mobile. Americas best lte with the most wifi hotspots, combined for the first time. When youre near an xfinity hotspot, youre connected to wifi, saving on data. When youre not, you pay for data by the gig. Use a little, pay a little. Use a lot, just switch to unlimited. Get 400 back when you buy the new lg g8. Call, visit or click today. Dagen major layoffs reportedly coming at huawei in u. S. Cheryl casone has details aye that is right the the wall street journal is reporting this morning, that hundreds of people can be let go after the Trump Administration black listed the company job cuts expected to reflect the Huawei Research and Development Subsidiary in california texas and Washington State huawei pass declined to comment. The securities and Exchange Commission reportedly examining whether fact libra should fall under Agency Oversight the wall street journal reporting if they decided is it structure makes it etf would need approval to launch cryptocurrency, bitcoin under pressure President Trump has criticized cryptocurrency that was last week that concludes Libra Holding 10,000 dollars, there is a lot you can see. The james bond franchise getting shaken and stirred. Daily mail is reporting british actress is going to be revealed next double 07 agent in bond 25 movie out next year lynch first woman black woman to play the role there is a twist, do i give it away or hold back . I dont know. Dagen give it to me. Okay, daniel craig in this put two together that would kind of make sense. Of why she is 007 he is also 007. Okay double o double . That is all i got. This is his last movie as james bond he said. Darn it. Darn it. He doesnt look so good in person though. Doesnt . He looks like cheese have a has been left out in the yard for like a week. Still ahead final thoughts around allstar panel. Well be right back. Most people think a button is just a button. That a speaker is just a speaker. Or that the journey cant be the destination. Most people havent driven a lincoln. Discover the lincoln approach to craftsmanship at the lincoln summer invitation. Right now, get 0 apr on all 2019 lincoln vehicles plus no payments for up to 90 days. Only at your lincoln dealer. I swibecause they let metual, customize my insurance. Plus no payments for up to 90 days. And as a fitness junkie, i customize everything, like my bike, and my calves. Liberty mutual customizes your Car Insurance, so you only pay for what you need. Liberty. Liberty. Liberty. Liberty. Dagen final thoughts from our allstar panel . Im going to go shopping at target. Dagen there you go. Happy amazon prime day. Im going to be on an airplane. But citis earnings were a beat. I hope thats an indication of what the rest of the earnings season is like. Dagen im all about citi and the banks this week and if they can take over for tech, that would be great to keep this rally going. Citigroup was already up before today. How high could it go . Dagen outperforming the broad markets. The economy looks good. Thats the most important thing. Retail sales out later in the week for last month. Does the u. S. Consumer look healthy . Mitch says yes. I say yes. Dagen no recession. Deirdre, mitch, veronica, thank you so much. Mr. Stuart, take it away. Stuart i shall indeed. Good morning, dagen. Good morning, everyone. Christmas in july has begun. Amazon prime days are off and running. 18 countries, a million deals. Amazon wont give official numbers but the Analysts Expect more than 5 billion worth of stuff will be ordered in the next 48 hours. Its an extravaganza. Walmarts in this, too. They have four days of deals. Ebay has crash deals. Target is joining in. You add it all up, this is now as big a retailing event as black friday or backtoschool. Lets get to the markets. Yes, it is monday morning and were starting out with new highs. A good start, id say. Last week, the value