Transcripts For FBC Mornings With Maria Bartiromo 20180126 :

Transcripts For FBC Mornings With Maria Bartiromo 20180126

Incredible, businesses are coming back into the United States, i think its going to be a great message that people are going to like to hear it. Maria im talk to several Business Leaders on what they want to hear from the president s speech today, we will bring you the president s comments live this morning as the president getting set to speak. The speech comes amid unprecedented confidence which could get another boost when Fourth Quarter gdp comes up this morning, we are expecting 3 growth. I spoke with Steven Mnuchin about what to expect. Last year when we were talking about 3 gdp everybody lined up and said we were crazy and that the economy couldnt grow higher rates of 2 and now we are at 3 gdp and, you know, we are going to be a sustained 3 gdp or higher and its called the tax cuts and jobs act because this was about creating american jobs. Maria that optimism still fueling markets, adding another 140 points, finishing above 26,392. The nasdaq and s p closing flat, s p up and nasdaq down. Take a look at futures this morning, we are expecting another gain at the start of trading, dow industrials up, quarter a percent higher. S p a quarter of a percent and nasdaq to up 38 points, thats one half of 1 . The momentum goes on. In europe check indices, ft up, cac quarante up almost 1 n paris and dax index in germany up just a fraction. In asia overnight, hang seng big winner, better than 1 half percent. Investigating the investigators, the Justice Department recovering some of the missing texts between two fbi agents linked to mueller probe. Outrage after the newly uncovered messages reveal worry that is the fbi would be too harsh on Hillary Clinton specially if she would become president. Meanwhile earnings in focus once again in wall street, honeywell, two big names we are watching this morning. As soon as they hit the tape, we will bring you those numbers. Intel delivering a big despite chip flaw scandal. Starbucks disappointed on lukewarm holiday sales, shares of intel up 6 , semiconductors will conductors weak this week, starbucks down a quarter percent in the premarket. Trying something new, Colonel Sanders getting a makeover unlike any other. The country legend taking over as first female mascot coming up. Joining the conversation this morning, special interview of king rania of jordan, we will talk about changes in the middle east. We will catch with ceo of ibm. Chairman and ceo and founder of group steven will be my special guest and Martin Sorrell and will i. Am. First first dominating davos. President trump to address the World Economic forum two hours from now. The president expect today use speech to promote tax cuts and deregulation and tax policies. Some attendees plan to quietly plan to walk out and joining me to talk more about that former u. S. U. S. Ambassador to honduras, mexico and philippines, former National Intelligence director under bush 43 john. Thank you so much for joining us. Good morning. Maria what are you expecting from the president today in. The most important statement is the one hes made by coming here because i dont think anybody expected that to happen. He has come to the temple of globalization. So i think its going to be very interesting to see whether he just gives a sermon to keep with that analogy for a moment and whether hes really willing to listen to others as well. So im delighted hes come, i think hes going to be well received whether a couple of people walk out or not, they want United States engagement. The world does and hopefully hes also going to listen to some of the messages that theyve impart today him during the past day or so. Maria what do you think mexico is thinking, the u. S. Is about to get real deep in terms of nafta renegotiations, the president said, look, we just want fair trade as a former un ambassador to mexico, whats your take on what we might see in terms of nafta . I think nafta is important greet, 50 billion worth of chain, supply chains between u. S. And mexico creates lots of jobs. I think mr. Trump indicated that he wants to reduce the deficit in trade between the two countries, ongoing negotiations going on right now in montreal between the various delegations. I think the main thing he wants to get is higher north american and possibly u. S. Content requirements for automobiles which are the single biggest, the deficit between ourselves and mexico is attributed principally and something has to happen in that area. Apparently the canadians have put a proposal on the table. They havent revealed it publicly but its apparently something above the current 62 north american requirement for vehicles built in the free trade area. Maria i see. Does he have a point in free trade deals, it feels like america is at disadvantage . He does and he doesnt. We may not always got tennessee best advantage possible, on the other hand, i think hes not right or those who think that globalization has not been in our interest, i dont believe are correct. We have to find some balance, i think what hes done, i think what hes done as new sheriff in town, so to speak, we are back here, the United States, and we are more are prepare today use the great economic leverage that we have in trade negotiations than we may have year to forward. Maria fox news learned that the president did tell top officials that he wanted to fire special counsel Robert Mueller, this was past june, was talked out of it by the White House Council don. [inaudible] fire Robert Mueller . Fake news, typical new york times, fake story. [laughter] maria wow, fake news he called it. What do you think about that . Well, first of all, this is a matter under investigation and i think we are going to have to wait to what mr. Mueller comes up with, i believe his attitude ever since magan has become White House Council hes more dispose today cooperate. I dont think he will fire anybody at this particular moment. I think hes willing to let things play out. Maria as former National Intelligence director under bush 43, i know you are very much a believer in the rule of law and you want to be able to trust National Security agencies, you want to trust the fbi, the cia and even the irs by the way, we have new Text Messages that were revealed yesterday and they show that fbi officials peter strzok and lisa page who were a couple, they were concerned about being too tough on Hillary Clinton during the agencys investigation into her email server. Page basically said to stroz, dont forget, she could be our next president and you dont want to be too tough on her, does that show bias in your view . Thats inappropriate authorization of the Law Enforcement process and so i think if that report is true then i think thats been thats a real error on their part, error of judgment and ought to be looking into and i assume that mr. Mueller will take a look at it as well. Maria i know this wasnt under muellers mandate, the Text Messages are coming out that not only did they have this incredible bias against trump by they were also involved in the Mueller Investigation and they basically we wanted to destroy evidence. Right, i meant in the sense that if there is this kind of bias it might mean there was also a bias in the other direction of wanting to give the president a harder time. Maria really fascinating stuff. Ambassador, great to see you. Thank you. Maria thank you so much for joining us. We want to take a break. When we come back, tragedy in south korea as fire rips through Emergency Hospital room, dozens hurt, we will have all of the details when we come right back, we are rounding out busy earning season, the Company Reportedly seeing sluggish u. S. Sales but strengthen in latin america, we will see how thats affecting this this quarter, busy day in mornings with maria, markets are up pssst. What . I switched to geico and got more. More savings on Car Insurance . Aha. And an awardwinning mobile app. That is more. Oh, theres more. Mobile id cards, emergency roadside service. More technology. I can even add a new driver. Right from her phone geico. Expect great savings and a whole lot more. Every truck guy has their own way of conveying powerful. Yeeaaahhh boy. Kind of looks like a monster coming to eat ya. Holy smokes. That is awesome. Strong. You got the basic, and you got the beefy. I just think it looks mean. Incredible. No way. Start your year off strong a new chevy truck. 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In patients with sickle cell disorders, serious, sometimes fatal crises can occur. The most common side effect is bone and muscle ache. So why go back there . If youd rather be home, ask your doctor about Neulasta Onpro. Maria welcome back, a deadly fire to report at south korean hospital. Cheryl casone has deadlines now in new york, cheryl. Cheryl thats right, maria, at least 37 people died after the fire began in emergency room in the first floor quickly spread. An additional 125 patients were injured, most of the dead had been hospitalized for respiratory diseases and were in intensive care unit in second floor. The cause of fire is under investigation, Officials Say the death toll could rise. If youre one of those people that were convinced that the world is going toned, better start prepping your bunker, Atomic Sciences Nuclear Doomsday is set at two minutes till midnight. The last time the clock was moved to midnight 1953 that was during cold war. The clock is symbol of concern from the scientific computer. Its more about a message. The closer to med night according to scientists, closer we are to total human annihilation from nuclear war fair. Dell is considering ipo or acquisition. Plan to go meet later this morning to discuss initial public offering, yeah, might go public again. Dell also considering purchasing the mware, Cloud Infrastructure company. Sharesle are up more than 60 in the last 12 months. Of course, we are looking at a lot of numbers, maria, earning season is rolling on. Honeywell expected to report higher earnings compare today a year ago thanks to demand for service and obviously their fair parts, analysts are looking slightly lower profit due to expected problems in middle east and higher ad spending and reports latest reports thanks oh to strong sales from drug. Honeywell up 35 from a year ago,coldgate up and so far, we are in the thick earnings, maria, so far pretty positive story despite the charges we are seeing from all the multinational because of tax reform. Overall a good story. Maria its a good story and good Earnings Period for the most part when you look across all industries, we will see what happens in terms of guidance coming up for 2018, thank you so much. Coming up next, crumbs, that is what House Democratic leader nancy pelosi continues to call benefits and bonuses given out by dozens of companies because of the new tax plan. Next up black stone Group Chairman steve will talk about domestic impact of President Trumps tax overhaul. Two hours away from the president s speech here in davos. The markets continuing to make records as well as the impact of tax plan, back in a minute. I can do more to lower my a1c. And i can do it with whats already within me. Because my body can still make its own insulin. 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Maria coming to you live this week in davos switzerland, Business Leaders gathered for the World Economic forum and one of the hot topic this is year the booming u. S. Economy. I spoke with the black stone Group Chairman and ceo and cofounder steven to talk about the Global Impact of President Trumps tax overhaul. Starting in the United States i think the tax changes, tax bill are going to be quite positive, you know, first youve got lowered tax rates and highly competitive around the world for the first time in a very long time. Youve got expensing of capitall one 00 , so if youre in any kind of business that needs equipment, u. S. Is going to be a great place to be located, youve got the potential to return 2 trillion of money into the United States from abroad, just from u. S. Controlled companies and that all adds up to something pretty good and in addition, i think, whats going to happen is that companies outside the United States are now recognizing that the u. S. Competitive posture has changed quite dramatically and we are going to be seeing unanticipated Foreign Investment into the United States because we will be the best developed market in the world. So altogether is a pretty positive story. Maria this is a very important point, actually, have you seen changed as a result of policies from investors across the world . Yes, its anecdotal which is how you pick things up because everybody has to make plans but what people say when you talk about is, jeez, something important is happening in your country, ive got to do more there, you are going to grow faster, youre deregulating, we should be doing that in our countries and, you know, its a very positive buzz. Maria a lot of people were questioning the carried interest situation. I want you to make the case, obviously, youre getting a benefit because of the carried interest that its still there. This loop hole, the decision says we left it in there and we we want to discourage, they said they were doing away with all of the deductions . Well, its only been a hundred years of loophole. I dont know how you define its Capital Gains treatment and has been changed under the current tax law and, you know, what theyve done is they moved it from a normal oneyear capital gain to three. What happens is if you have any capital gain within the threeyear window its treated as ordinary income, so this effects basically, well, pretty much every hedge fund and denies them carried interest no, they tend never to invest in anything longer than three years, so it knocks them out pretty much and also affects firms like ourselves when we sell something before 3 years which we do a certain percentage of the time, is its not like thing were left exactly the way they were, long discussion and argument as to why this is a capital gain and one of the reasons is that, you know, you have to invest money to get it, if its paid out and

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