Maria welcome back. Good thursday morning, everybody. Thanks very much for joining us this morning. Im maria bartiromo. It is thursday, august 3. It is 7 00 a. M. On the east coast. Breaking news, the bank of england raised Interest Rates by 25 basis points as expected. Ft 100 down 53, cac quarante down 54, dax lower by 120 right now. It is time for the word on wall street, top investors watching your money. Joining me now is al lore. Also with me is mark tepper all morning long. Mark lets watch the market on the heels of the Interest Rate hike by the boe, futures indicating a decline at the start of trading. Look at the earnings, we have after the close the most highly valued Company Apple reporting earnings tonight, 3 trillion company. Amazon is reporting quarterly earnings. I want to get your take on this. Because apple gives us a window into the consumer, the u. S. Economy, business, china, amazon gives us a window into the cloud. Were going to get a lot of info tonight. When you look at apple, analysts are expecting the third consecutive quarter of revenue declines. Thats saying something about apple. You expect apple to grow every quarter. Maria i think 8. 16 billion is the estimate on revenue. We just saw qualcomms numbers. I think apples like 50 or 60 of their business as far as the iphone chips go. So they came in really soft. I would expect that we see continued softening demand on iphone sales. The big question for apple is whether or not an increase in Services Revenue can help to offset some of that. Now, next quarter youll have a new iphone, like theyve got new products coming out so things will improve for apple but amazon when we look at amazon, amazon to me is one of the most underappreciated a. I. Plays that are out there. You really dont hear anyone talking about them being a major a. I. Player but they through aws, they supply a. I. Languages to all the Software Developers out there. The Software Developers can purchase those languages from amazon. So it will be interesting to see how theyre actually using that, what kind of results theyve seen so far. I feel like thats a good read into a. I. Maria i feel like Everyone Wants to jump on the a. I. Bandwagon right now. Early 90s, im dotcom. Now its im a. I. Look at the nasdaq yeartodate. Its because of a. I. , the nasdaq down 2 yesterday, but still showing a gain of 35 plus percent, Fitch Rating Service downgrading the u. S. Credit rating, this decline from triple a to double a plus, putting focus on nations 32 trillion in debt. Al, i know youve been worried about commercial real estate. Assess for us how you see the economy right now based on what youre looking at and whether or not we are going to see a problem in terms of commercial real estate and a potential recession in the face of all of this. Yeah. We are definitely going to see more pain in the commercial real estate space. Without a doubt. And i do think the recession much talked about, much delayed, is on the horizon and the rates are going to have an impact. Its slowly happening. We keep seeing more and more bankruptcies in the real estate space, lenders getting the keys back to properties, and thats a result of rising rates. Maria you said the other day that we just saw another default. Yes, starwood, they defaulted on i think a 213 million mortgage on an Office Building in atlanta. And al, weve talked about this on past shows. I mean, there are theres different pockets of commercial real estate. In my opinion, the pocket thats most at risk is going to be office space. Not necessarily multifamily. Right. People need to live somewhere. But i think office space is really at risk. Maria that is what youre worried about . And is it because people have changed the way they approach work . Yes. Yeah, well, vacancies are much higher among offices. Its helping that companies are requiring their employees to come in three or four days a week. But it certainly has an effect. And the older Office Buildings, the b and c Class Properties are just suffering and theres Something Like 40 large empire state buildings of empty space across new york city. Theres a lot of space. And its going to get worse and its the rates that are really having an effect. Occupancy certainly down among Office Buildings, but when you have commercial debt that is floating rate coupons, each fed raise is raising rates. Maria bob nardelli came on the show the other day and said they were facing rates of like 2 and 4 , now theyre at 12 . I mean, the numbers i mean, thats Game Changing when you have that kind of costs spiking in a couple months time. Youve got 1. 5 trillion that needs to be refinanced over the course of the next 17, 18 months at much higher rates. Higher rates and lower values. And so maybe as much as a third of that isnt going to get refinanced. The banks arent lending. Theyre certainly banks are have cut way back on lending and so as those loans mature, theyre not going to get refinanced and youre going to need a lot more equity to be put into your properties and so that equity is going to have to come from somewhere and with valuations down its going to be a mess. Maria were going to speak to the ceo of Texas Capital coming up, rob holmes is in the studio to talk about that as well. I want to get your take on how that leads to a potential contraction in the economy. It feels to me that everyone i mean, a lot of Market Makers and analysts are raising expectations now for the economy because the jobs market has held up so well. Right. Maria well get the jobs numbers out tomorrow. We have had 5 trillion of stimulus put in since covid so that money is still around. The infrastructure money hasnt been spent. Theres money, physical money thats still to be spent thats coming and you cant get you still cant get workers in a lot of industries and so the employment base, workers just havent come back to work since covid. And the gig economy, when you can be an uber driver and work hours and not be 9 00 to 5 00 in some jobs, its hurting. We have problems hiring maintenance people, office managers, leasing agents. The wh whole gambit, having difficulty hiring people. Maria the Federal Reserve is the only institution in town thats actually reining in inflation because you have all the spending after 5 trillion. The fiscal stimulus offsets a lot of what the fed is trying to do and so the cleveland fed actually has in their now cast model, they have inflation accelerating next month. Maria wow. I mean, the fight against inflation is not over. Theres still more work to do. We talked about the sticky components like rents and wages and food and things like that. We just saw the boe raise rates. I think the fed is going to have to continue down that path. They dont want to look foolish. They saw what happened in the 70s with stop and go hikes and i think they warrant to make sure they dont re want to make sure they dont repeat the past mistakes. Maria how long have they been telling us its transitory. They made enough mistakes. Thats why were in this. They were slow to start raising. We feel the effects of it right now. Maria well leave it there. Al, great to see you this morning. Mark, youre with us all morning. Were grateful. Quick break and much more ahead. Coming up, even the Washington Post is admitting how big of an issue hunter biden has become for President Biden and the familys influence peddling. We break it all down with our all star panel coming up. Dont miss that. Youre watching mornings with maria live on fox business. Well be right back. Just come on and, come on and raise your glass. 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Helping the small stand tall. Ah, these bills are crazy. She has no idea shes sitting on a goldmine. Well she doesnt know that if she owns a Life Insurance policy of 100,000 or more she can sell all or part of it to coventry for cash. Even a term policy. Even a term policy . Even a term policy find out if youre sitting on a goldmine. Call Coventry Direct today at the number on your screen, or visit coventrydirect. Com. He made a fortune in ukraine, in china, in moscow, and various other places. That is simply not true. My son has not made money in terms of this thing about what are you talking about, china. The only guy that made money from china is this guy, hes the only one. Nobody else has made money from china. Maria well, we faux thats not true. That was President Biden claiming in 2020 debates that his son hunter biden has not made money from china. The Washington Post is handing biden four pinocchios for this claim, writing that his son said he earned hundreds of thousands of dollars from Chinese Business deals. He made at least 600,000. Thats what we know of. There is more indication of further money made from bank records from the oversight committee. Your reaction. We talked about this before, maria. The interesting part about this is, look, ive got a company that does Global Investigations around the world and a lot of asset tracing and asset tracing is a very boring, labor intensive process. But the interesting thing here arand the problem the white houe has if they are thorough within the Committee Investigating this, they will get the trail. They will get the evidence. There is paper. Thats the thing about mope laundering and thats the thing about asset tracing. There is evidence to gather and thats what theyre doing right now. They cant walk this back. Right. And so im just hopeful that unlike many other investigations in washington, d. C. , this one actually produces results and consequences. Because it should. All these single Purpose EntityCompanies Set up, right, all this shifting of money, all this money that was gathered for no reason, they werent producing anything, what was hunter biden producing . He was producing access. Now, again, this has been pointed out. Is that unusual for washington, d. C. Not necessarily. But we should have the evidence and we should be concerned about it at this stage. Maria he was supposed to register as a Foreign Agent if thats what he was doing so were waiting to see if there are any fara violations here but look, kaley, the evidence so far indicates millions and millions of dollars that this biden family has taken in, and why produce all of these Shell Companies . 20 companies, Different Companies that money was going to and then eventually making its way to the biden family. Your reaction to now the Washington Post stepping into this. Well, its nice to see theyre finally interested in Fact Checking the president , its about three years too late but democracy dies in darkness and all that. I mean, listen, weve known since hunter biden has been under federal investigation since 2018. Biden got up on an debate stage before the 2020 election and made a false claim knowing full well that hunter biden not only made money from china but now it seems more than likely that joe biden also made money from china. Theres the front page of the New York Post today, a letter from joe biden to one of Hunter Bidens associates, devon archer, clearly stating he met with devon archer, that he was glad devon archer was doing business with hunter biden. Joe biden knew all about his sons business deals and the fact that the media is just now deciding to take an interest in this is shameful, especially considering that they spent two years gaslighting the American Public into believing that there was nothing wrong with this that there was nothing to see here. Its shameful behavior. Maria this letter thats on the cover of the New York Post is from the sitting Vice President , its on his letterhead, the Vice President , washington, to devon archer and it says i apologize for not getting a chance to talk to you at the luncheon yesterday. I was having trouble getting away from hosting president hu, this is the president of china. Hes writing in the letter, talking about his meeting with president hu. I hope i get a chance to see you again with hunter. I hope you enjoyed the lunch. Thanks for coming, happy you guys are together, he writes in handwriting at the end of the letter. Also according to devon archer, President Biden, when he was the Vice President , obviously, he was involved in at least 20 or so meetings via speaker phone. If it looks like a duck, swims like a duck, walks like a duck, its a duck. They were talking about the weather. Its a Money Laundering duck. Maria goldman those be incredibly emed embarrassed right now. That democrat congressman was in a group of reporters the other day and he has the nerve to say that then joe biden, then Vice President called in just to talk about casual conversation including the weather. Thats the line theyre all taking now and he made an even more egregious claim which was that joe biden called his son so frequently during these business deals because he was still grieving over the death of his son, beau. I mean, come on, this is ridiculous. This is the line theyre all taking. And by the way, the white house still insists that the false claim that joe biden made on that debate stage is the its his position. They do not deny that anything has changed. The narrative itself, and thats an important point you make, kaley, i think if people Pay Attention to this the problem is, everyone has adhd. The white house is counting on the fact well move on at some point. Thats why the investigation is so important. Thats why the paper trail is so important. The whole narrative about, look, there was no money to be made. Now its shifted and well, okay, well maybe hunter was involved. The president never talked to anybody. Now its well, he talked to them but he didnt talk about anything substantial. So its eventually the sympathetic white house media cant cover this up anymore. Maria then theres the scandal with the doj, one day after we get the evidence in the joe biden influence peddling scandal trump gets more charges. Theyre deflecting attention obviously. Maria look over here, not over there. Yeah. They want to make sure all the attention is on trump, that hes the bad guy, hes the villain, President Biden is just this honest guy who happens to be chilling on the beach. Maria well be right back. First, theres an idea and you do something about it for the first time with godaddy. Then before you know it, it is a life changer. you make your first sale. Small business first. Never stopped coming. we did it and you have a partner that always puts you first way. no way start today at godaddy. Com. Sleepovers just arent what they used to be. A house full of screens . Basically no hiccups . You guys have no idea how good youve got it. How old are you . Like, 80 . Back in my day, it was scary stories and flashlights. We dont get scared. Oh, really . Mom can see your search history. Thats what i thought. Introducing the next generation 10g network. Only from xfinity. Goli, taste your goals. Maria welcome back. Former President Trump expected to be in a d. C. Court this afternoon, hes expected to plead not guilty to four charges related to the january 6 special counsel investigation. Trump is calling for the trial to be moved to west virginia, saying he cant get a fair trial in washington, d. C. He writing this on truth social, the radical left wants to criminalize free speech. Joining me now is florida congressman, cory mills, congressman, good to see you. Thanks very much for being here. Incredibly coincidental timing here that President Trump keeps getting indicted and more charges added a day or hours after we learn serious evidence against the biden family and influence peddling. Your reaction . Well, youre exactly right, maria. I mean, each time that there has been a new investigation or a new hearing or federal document 1023 which is released, they immediately go ahead and try to burn up the media cycle to cover down the Biden Crime Family. Now, were now seeing where this is a continual weaponization by the department of justice, by Merrick Garland and by the Biden Administration to try to go after the top political opponent and at this point its hard to ignore that this isnt anything other than election interference. Lets open up a little bit onto special counsel jack smiths actual accusations. The first one is brought under 18 usc section 371, its talking about the idea that trump is using knowingly false claims with regards to the elections. Now, lets think about what happened in 2016 with Hillary Clinton who claimed that russian interference caused the elections or stacy abrams during the Gubernatorial Race of georgia where she claimed the election was stolen for three plus years. Where are their indictments . Where is the ability for the American People and for those for someone to Say Something is or is not fraudulent. This is a violation that starts to encroach about constitutional liberties of the First Amendment which is our rights of free speech. Maria how do you criminalize free speech . I think most people know that donald trump has said it enough times, he thinks the election was stolen. Dont you have to prove malice that hes saying something that he doesnt believe . Well, not only do you have to try to prove malice but you have to show where this is actually preventing government functions. Thats the whole thing that jack smith is trying to say that it was obstruction of government inunctions or it was knowingly trying to deny certain government rights which is your rights to vote which thats not the case so the reality is that theyre just trying to utilize any type of trumped up charges to indict the president so they can prevent him from being the top political opponent but also they see the polls. Every time the president goes up in the polls, every time they continue to try and uncover what hunter biden and the Biden Crime Family has done, james biden, hailey biden, all the rest, thats when the indictments start to come down. Its occurred ever since ag bragg. The idea these four charges that theyre trying to claim are obstruction or some type of violation of knowing conspiracy is an absolute joke and jack smith knows it. If this was tried in court, if it went to the supreme court, it would be overturned because it is in fact covered by our First Amendment free speech. Maria i want to point out that axios has been the only one aside obviously from fox and the New York Post, axios points out the timing of trumps indictment is blocking some of President Bidens recent bad news they write. The charges happen the same time fitch downgraded the u. S. Credit score as well. The white house is claiming that, quote, extremism by republicans caused the down raid. Karine jeanpierre accused the republican of cheerleading default. Shes got her talking points. Go ahead, kaley. I also wonder whether the timing of these indictments are being scheduled in such a way as to prevent trump from actually being on the campaign trail. I mean, you look at the timeline of all the Court Appearances that hes going to have to go through over the next year, in between super tuesday, he has a new york criminal hush money suit, gue hes going to have too for that, then he has to go to a pyramid scheme suit, then super tuesday, is that the intention, is that to prevent trump from actually campaigning. Thats exactly the point. Not to just prevent from campaigning but prevent him the ability to debate. Each one of these theyre trying to say has a gag order on it and in some cases the gag order is actually more of a criminal penalty than the actual charge itself. So if youre a political opponent, youre running for president and youre asked a question about something and you cant actually answer that, you say sorry, im under order not to answer that, that almost looks like its guilty by association and i think thats the entire intent so again, this goes back to what i said in the very beginning which is nothing more than election interference, the utilization of weaponization of the department of justice to go after the top political opponent of joe biden. Its also to go ahead and cover up all the things that are being released, whether its devon archer, tony bobulinski, the guy at cefc that released the idea that he was having economic coercion by the bidens who was then Vice President joe biden, all of these things as they come out are being covered in the media cycles by a new indictment and this is all in the intent trying to thwart President Trump in 2024. Maria we saw that whats app message with hunter biden telling i believe it was the gentleman you mentioned, im sitting here with my father and he was basically, mike baker, sounded like a shakedown. It insured did. Yeah. Thats because it was a shakedown. And congressman, the democrats are good at staying on message. I think we have realized that at this point. So what do the republicans do . Were marching our way towards 204 2024. Whats the plan. The plan those be at this point we need to start Going Forward with an actual impeachment inquiry. We have the necessary information in my opinion. If you look at the fd1023, and this is your background, your pexpertise, which is tracking te assets, following the money, you see the 20 plus different spider webs of companies, you see what happened with devon archers testimony that the big guy was involved. Tony bobulinski confirmed that joe biden was in fact the big guy as it was noted with the 10 . So when we have all of these things, when we have the continued weaponization of the doj we need to launch the impeach machine inquiries against joe biden, Merrick Garland, mayorkas, blinken, its time for us as republicans to get on message, get unified, start governing, start acting like the majority. Maria whats hold youing back from doing it . We have to go through the committee proceedings. We need to have congressman jim jordan in judiciary go forward, we need to have congressman james comer, theyre all gathering information and going through the formal proceedings. The difference between republican and democrat we follow the rules and follow the proceedings. When we go forward were going to present this the way it should be. Im not concerned what the senate does. Im elected to the house of representatives. Ill do my job in the house and we can worry about the senate later. I hear it all the time. It goes to the house and impeachment its not going to pass the senate. The senate is not my responsibility. The how is. Thats what i was elected to represent. Im here, im ready. Put me in, coach. Maria what about barack obama, apparently reportedly warning President Biden about trumps political strength during a private lunch meating in june. Obama vowed to do all he can to help President Bidens reelection. What do you think a that involves . I think obama is probably just as much rolled into this as joe biden is, he wants to protect his own skin. Hes got skin in the game. We know this is obamas third term to begin with. He doesnt want someone like President Trump to come in 2024 to continue to uncover what the deep state is doing. He doesnt want President Trump to come in and to basically stop this two tiered Justice System of elitists in d. C. And the swamp. Theyre doing everything they can to try to prevent and pro he detective the power they have in d. C. Maria well be watching this. Its an extraordinary moment. Thank you so much. Cory mills joining us. Thank you, maria. Maria quick break and then President Trump is expected in that d. C. Courtroom this afternoon, he faces four charges related to the special counsels case on january 6. Former fbi assistant director chris wecker is here, hell weigh in on the latest indictment when we come back. Anything you want. Just to put a smile on it. You deserve it, baby. You deserve it all. Im going to give this to you this isnt just freight. These arent just shipments. Theyre promises. Promises of all shapes and sizes. Each, with a time and a place theyve been promised to be. A promise is everything to old dominion, because it means everything to you. The new dexcom g7 sends your glucose numbers to your phone and watch, so you can always see where youre heading, without fingersticks. Dexcom g7 is the most accurate cgm. So, you can manage your diabetes with confidence. We never just see the numbers. We see the people. Marcus detroit, its just changed so much. You can see what it once was. And then, i think about what it can be. As an entrepreneur, its about how i can give them the tools to empower themselves if we can just all do something small, all the small things will start to amount to something big. Thats why were here to help make it happen. Maria welcome back. Now some of the other headlines were watching this morning. The gunman who committed the deadliest antisemetic attack in u. S. History has been sentenced to death. 50yearold Robert Bowers blasted his way through the tree of life synagogue killing 11 and injuring seven others. He fired more than 100 rounds turning the place of worship into what prosecutors called a hunthunting ground. He bragged about the attack and told doctors he wished he killed more people. Jurors were unanimous in finding the attack was motivated by the hatred of jews. Weight loss drugs are gaining in popularity but at a steep cost forcing some employers to cut off insurance coverage, the drugs can cost more than 1,300 a month. The university of texas system seeing spending on the drugs more than triple in the past year andahalf to 5 million a month. The wall street journal says it will no longer cover sixenda in health plans. Demand has risen so fast, production has not been able to catch up. Those are some of your headlines. Former President Trump is set to appear in a d. C. Courtroom this afternoon, facing four federal charges related to the january 6 investigation. Former federal prosecutor Andrew Mccarthy writing smith intends to try trump for the capitol rye riot even though he has not been charged. Joining me now, former fbi director, chris swecker. Its great to see you. Thanks very much. What about the point that trump has not been charged in the january 6th riot and yet jack smith is using that riot as fodder for the other charges . Yeah, this is clearly a political indictment that takes a wrecking ball to the rule of law. And i dont say that lightly, maria. If you read the statutes, especially 18usc1371 which is conspiracy to defraud the u. S. Government. That is probably one of the broadest statutes in the u. S. Code. It will play to the worst political instincts of the jury and jack smith knows that and five of the six coconspirators, im indicted, are attorneys. So now hes digging into the attorneys that donald trump hired to help him try to protest an election. This statute may be unconstitutional in my opinion. Ill defer to the constitutional professors. But it is a very squishy statute, the elements are mainly speech and thoughts and what trump thought and what he did. So its going to be interesting to see whether he can get a fair trial in d. C. But this surely gets if gets convicted it surely gets thrown out on appeal. Maria look, the idea that the jury in d. C. Is likely going to go for a conviction versus a jury in florida, for example, is this what jack smith wanted . I mean, he wants a conviction, obviously so he needed to come up with a trial that would originate in washington, d. C. Right. And he wants a speedy trial too. He wants to get this out before the election runup and theres all kinds of things wrong with this indictment. I mean, if you were going to punish disinformation or political actions, then lets look at what the disinformation that caused the fbi to open up an illegal investigation and the misinformation and lies that went into the fisa. Maria right. I mean, that under this statute, i really think, under the theories that jack smith is using, you can indict Hillary Clinton very easily for that or the disinformation that was put out by the socalled Intelligence Community that the biden the hunter biden laptop was russian disinformation. Thats indictable under this statute, under jack smiths theories. You could go through a whole long list of things. You could indict half of washington. Maria thats a great point. Wife got no accountability whatsoever. Mike baker, we know when went on with the russia collusion story. Nobody has been held accountable for fraudulent fisa warrants pursued against innocent american citizens and basically the whole world thinking trump colluded with russia, that he was on defense the whole time of his presidency. For years his credibility, the credibility of the election was under attack and apparently the democrats have such shortterm memory that they dont recall spending years standing in front of cameras and providing lies about the russian collusion. But chris, im just wondering if you have any thoughts regarding the i guess randomly selected judge who will be overseeing this situation in d. C. Yeah, i dont think hes going to get a fair trial there. I mean, this judge has shown her propensity and her proclivities when it comes to anything related to january 6. Maria right. You can hope that theres a juror in washington, d. C. That again, this is a political indictment. Youre really playing to the political i think stings and plight instincts and political affiliation of the jury. Youll hope out of 12 youll get one or two that will think fairly and objectively and vote that way. Maria we dont know. Trump is facing a potential indictment in georgia, the Fulton County sheriff said theyre ready if and when that happens. Watch this. Unless someone tells me differently, were following our normal practices and so doesnt matter your status, we have mug shots ready for you. Maria so chris, i guess well just have to wait to see more evidence come out against the biden family and then as soon as that evidence comes out theyve got another one on the shelf ready to come out at trump from georgia. Yeah, thats the mo here. Literally every time something has come out about hunter biden thats damning, then the very next day theres an indictment or superseding indictment or new indictment and ill tell you what, that Fulton County thing scares me because that is a Kangaroo Court going on down there. Just like all the others are. It reminds me of the wild west where every coward wants to take out the big gun slinger and donald trump is the gun slinger. Theyre afraid of him but they want to do everything they can to take him out, be the person that took him out and get a notch in the belt. Maria incredibly extraordinary times. Jump in here, kaley mcgee. Yeah, chris. The statute that you mentioned earlier, this conspiracy to defraud the united states, this has been interpreted in court its almost always been indisser interpreted in regards to tax fraud or financial revelation. With the other charges that jack smith is charging trump for there are serious concerns about his interpretation of a civil rights violation and the Chilling Effect this could have on free speech. Do you think that the courts would uphold this indictment if trump were to appeal it . No, i dont think so. You raise a great point here. Most statutes to defraud involve defrauding doing something or saying something that causes someone to misrepresentation that causes them to lose money. In this case it would be the government. Or property. In this case, this statute goes way wo beyond that. All the case law says you dont need to defraud them out of property or money, it can be anything. It can be impairing the efficiency of the government, for gosh sakes. What is that . And again, if you take that theory, if you pursue that there are you, half of washington could get indicted because people you know, people put out misinformation or arguably disinformation all the time and then what youre thinking when you do that, you have to prove that i put out this disinformation but i knew it was false. How do you prove what i was thinking at the time. I go back also to the five attorneys are unindicted coconspirators, they could be indicted. Theyre attorneys. Its designed to send a message. One of them is probably giuliani, one is probably sidney powell. That has a Chilling Effect on attorneys and competent legal representation and pursuing legal remedies in court. Maria youre right. Chris, its great to get your insights, thanks so much. Quick break and then Artificial Intelligence improving Breast Cancer detection rates. Gerri willis with more on that. Weve been talking about how a. I. Is helping doctors detect cancer. Stay with us. You put on quite a show. 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I had had conversations with my physician indicating that that was probably an issue that i was facing and making it more difficult for me to sustain weight loss. Golo has been more sustainable. I can fit it into family life, i can make meals that the whole family will enjoy. It just works in everyday life as a mom. Were here today to set the record straight about dupuytrens contracture. Surgery is not your only treatment option. People may think their contracture has to be severe to be treated, but it doesnt. Visit findahandspecialist. Com today to get started. Maria welcome back. A new study shows Artificial Intelligence can be beneficial in Breast Cancer screenings. Fox businesss gerri willis with more. Good morning, maria. It is good news, Artificial Intelligence can detect Breast Cancer as well or better than not one but two human doctors. Thats the findings of a new swedish study of the use of a. I. In cancer screening. One doc told us a. I. In healthcare is a good idea. I would be comfortable using it because i look at it as an extra tool in assisting me in providing the best care for my patients. The finding is especially important because according to the National Cancer institute screening mammograms currently miss about 20 of Breast Cancers. Findings of the study are based on scans of 80,000 women. Standard screening found 203 cases of Breast Cancer while the a. I. Assisted group found 244 cases. About 20 more. And very important here, false positives were the same. So not only could a. I. Improve efficiency, it could also fill a gap in the number of human radiologists available to read those tests. Theres currently a big shortage of radiologists and a. I. Could help reduce staffing pressures. Plus, a. I. Might help improve Breast Cancer detection as diagnoses are increasing at a rate of half a percent every year, according to the american cancer society. And i se send it back to you. I have to say as a survivor, seven years, anything thats going to help diagnose this, i think its a good thing but i want to keep those humans on the scene too. Maria of course. Congratulations and we recognize all of that but gerri, im worried about the false positives with a. I. Right. Well, there are no more than the false positives for human only detection. Maria okay. So they havent raised that number. That was the big fear. I think you point out the important issue here, false positives. But so far its not looking like a bad thing. Maria for sure, its a good thing. Quick break and then the Biden Administrations Green Energy Push could hurt american manufacturers instead of assisting. My next guest is working with Steelworker Union workers to push back. Barry zeigleman is here to tell us more. Stay with us. So you can improve your business however you see fit. Rosie used part of her refund to build an outdoor patio. Clink dr. 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Even a term policy find out if youre sitting on a goldmine. Call Coventry Direct today at the number on your screen, or visit coventrydirect. Com. upbeat music Constant Contacts advanced automation lets you send the right message at the right time, every time. Constant Contact. Helping the small stand tall. Zek zekelman barry maria welcome back President BidenClimate Change could be hushthing american manufacturers treasury yield department of proposing bonus tax credit for solar energy classifies a key steel component as manufactured, this would allow companies to use metal source aid brothered still a qualifying for 10 credit next guest team up with steel worker unions to push back zekelman industry chairman ceo Barry Zekelman good to see you thanks good to see you. Tell us what is going on in your industry you say current guidance puts one onehalf million tons of domestic Steel Production at risk. It could, we, as you know, on show two years ago we lobbied to get this back to made here in america clean green steel american workers, that is what is taking hold right now. However, the treasury sends out paper to look at tax treatment how they are going to deal we found a loophole would allow steel manufactured made outside of america, classified as manufactured product still get credit for the tax treatment. So this will be devastating there is a million and half tons tube going into industry another million and half tons of tube for mounting structures frames. We want this classified, as made in america manufactured in america, and have america benefit from the jobs that will be created the consumers that is created the tax dollars that will stay here in america we want to close this loophole, we think were going to be able to do that takes a lot of pressure this loophole you think handing a tax advantage to those Companies Using foreign steel . Absolutely. You know. They would be able to use foreign steel made in ways much dirtier, bring it over here to go into our Solar Industry then get a tax credit with our tax dollars, taking our jobs, so, it is a little perverse the whole idea of tax credits, are to be able to promote commerce and business here that will generate even more tax dollars than you gave out in tax credits hopefully two, three, four, five dollars of revenue coming in for the tax incentive you put out there, employ americans support american communities, we just have to close this loophole make sure, closed, this goes on in many, many other sectors as well so like i said devil is in details we are on top of it hope the treasury listens. Maria mike baker s. Maria barry good to see you how aggressive will Steel Workers union be in pushing for a change in this, i mean given that president postres himself as most every. Very aggressive a great question a million half tons solar tube million half tons stool products the entire pupt of steel mill, produces 5 1 2 million tons big river osceola, three million toens hundreds thousands of jobs about the seven jobs for every one manufacturing job with it trucking mining, manufacturing, all these things, all consumers it generates, weve got 32 trilliondollar deficit here, weve got gdp that we have to expand tax revenue expand to pay for that why benefit people offshore, who dont today tax dollars in america dont employ americans to benefit from our tax policy tax incentive to produce clean Greene Energy it is crazy weve got to close loopholes. The Administration Push to transition to clean new jersey conflicting, that is another issue here youre pointing to jobs how would you assess business give a demand side of the story. Yeah. So in the solar if this takes place demand is going to be massive, and, it would be great if we make sure we close this loophole would it be very good. You know on the other side of the coin some, Interest Rates definitely having an effect on people, you know, going to take some time but were going to see a slowdown we need sectors to pick up, if we can do this right it will benefit. But it is about protecting the steal industry as well weve got Clean Green Energy policy make it with cleanest steele in the world made here in america, you know Carbon Capture technology how are we going to move steele that carbon weve got to move it with u. S. Steel and lines