Transcripts For FBC Mornings With Maria Bartiromo 20240713 :

FBC Mornings With Maria Bartiromo July 13, 2024

We will hear from Large Companies including four dow components, 3m, caterpillar, merck and pfizer, we have tall numbers coming out for you. Markets this morning look like this. Investors looking to add onto yesterdays rally, dow futures up 135 points and nasdaq futures higher by 113. Markets rallying as lockdowns are ease ago cross the country and new round of stimulus goes into action. Plus changing face of travel, jetblue making masks and limiting seating, mornings with maria is live right now. Dax index higher by 205, almost 2 . The u. S. Central bank would ease Business Loan term as it expects emergency Credit Demand to surge. In asia overnight markets were mixedment take a look at the numbers in asia. You have some strength in hong kong, up one and a quarter percent. The others negative. The kospi fractionally higher on the fraction. Oil sliding this morning. Another selloff on the price of oil this morning. Take a look where we stand, another decline of 5 sitting at 12. 13 a barrel. Concerns are growing that prices can turn negative once again this morning. Some of the top stories that we are watching right now close to a Million People are infected with the coronavirus in the United States and more than 56,000 patients have died. Some states are already reopening this morning as others are beginning to loosen the restrictions in an effort to try to get back life to normal. Tennessee, South Carolina, mississippi, montana, georgia, oklahoma and alaska have begun reopening with others like texas to reopen this week. Texas to open on friday. Many hot spots expanding stay at home orders. New york likely to extend beyond may 15th in many parts of the state according to governor cuomo. New jersey order to expire on may seventh but that will be extended until further notice. In michigan, they are extending the order there as well. Meanwhile the white house says it expects governors may be able to open some schools in the coming weeks, not every state in the same position. New york stay at home order will likely be extended beyond may 15th, new york also canceled president ial primary scheduled for june. State Election Officials removing every democrat from ballot except joe biden. Hes the candidate. President trump unveiling a plan to help test more people for coronavirus. The White House Initiative increases capacity through publicprivate partnership. Retailers like walmart, kroger, cvs health, Quest Diagnostic and lab corp. The white house plans to have enough testing for all 50 states to screen at least 2 of residents. Now more problems for the government second round of small Business Loan, ppp, delayed, error messages, 310 billion set aside and keeping Small Business es aloan after covid19 pandemic forced most u. S. Economy to shut down. Michael milken has turned attention to coronavirus using the power of Milken Institute to aid in the war against this pandemic. He will join me live at 8 00 a. M. For a very special interview. Dont miss that when Michael Milken joins me live. Market futures are higher, take a look, investors gearing up for the busiest week for firstquarter earnings, yet this will be the busiest. Companies reporting including ups, pepsco, pfizer, caterpillar, 3m, southwest and dr horton, joining the conversation fox business Dagen Mcdowell, wall street journal Senior Writer Jon Hilsenrath and senior fellow at the National Taxpayers union and forward stages president Mattie Duppler we have leo, host of earnings and little by little openings across the country. How would you allocate capital this morning . Leo i think you to allocate capital carefully and deliberately at this point. Stocks are still down from their high but this is a big rally and we have been taking small bites for some time now and this is the classic warren buffet. You get rich in bare markets. You just dont know at the time. People forget it is a forecasting tool and not a weighing machine. I think the market is trying to discern between massive economic disastrous numbers that are in front of it and the fact that we are starting to reopen and i think what investors miss sometimes is human ingenuity. We have persistent way to finding shock events like this and the markets are putting that in the numbers. Maria so are you saying that despite some negative head lines you still want to own stocks . Leo i think you want to absolutely want to own stocks. Again, if you are a longterm investor especially today, bond prices with yield essentially crushed and the treasury basically at zero are as expensive as they have ever been. The pe on a treasury is astronomical. You you absolutely need to own stocks to fight what is going to be inflation in the future, not in the next 6 months or in the year or so, but down the road. I think what people miss we are longterm investors until the markets go down and then suddenly everybody becomes a day by day trader. If youre a stock buyer you have to have a longterm point of view. By the way, this takes the whole vshape and,shape and put it on its head. The longer it looks like a v. Maria Dagen Mcdowell. Dagen nasdaq is down less than 3 . Thats like an like a slight earnings miss from apple maybe. What does that tell you . Is there risk in tech given the fact that it looks like clear sailing ahead for these tech investors . Leo i think what that is telling you, dagen, we are looking at a market that reminds you of 19892000 where you have tech names and the weight in the tech stocks is enormous and youre seeing the small group of names that are doing quite well in the current environment. Really driving the turn higher and as is the case in my market, investors have to look very closely at value. I think if you look at some of these biggest tech names that have the lower risk like any other asset. When you buy the lowrisk name you will over time get the lower return. I think at price level investor has to ask themselves are you a longterm investor and are there turn around place here and if you pin it correctly active management you can make a higher rate of return. Maria so in that theme, is there value to be had right now in the Energy Sector . I mean, look at oil prices under pressure sharply lower just in the last couple of weeks over the new concern over storage capacity, leo, would you look to buy commodities or would you look at the oil companies, are you concerned about dividends suspended, exxon mobile reporting earnings, whats your take here . Leo all dividends in danger when they have come under pressure and energy and if theres a signal that market is forecasting tool it was this past week where Oil Prices Went negative and Energy Stocks are actually moving higher. Thats the market looking forward to 30dollarbarrel oil in the future. My challenge with energy is there is so much supply, not just as a result of the crushing demand, but there has been a lot of supply. We basically dropped another saudi arabia into the world supply when we started fracking. Its not as it was decades ago where oil would run and make the huge price movements. You saw that here. We had a perfect environment for Higher Oil Prices and we didnt get back to where we have been historically. So i think you have to be careful with energy and be careful with debt levels and i think you have to expect dividends to come down. There are places where you can buy dividends and energy is a risk. Maria all right, we will leave it there. Leo, thank you so much. Leo thank you. Pleasure being here. Maria coming exclusive interview with Michael Milken. He will speak with me live at 8 00 a. M. Eastern. Big show coming up. Stay with us. Back in a moment. Maria welcome back, preventing the spread of coronavirus as governors across the country discussing easing restrictions this morning. New research is indicating that the coronavirus is able to linger in the air of crowded rooms or areas, hospitals in wuhan have reported finding traces of the virus in airborne particles inside of the hospital including areas where hospital staff take off protective gear. Joining me pediatric Infectious Disease specialist at Cleveland Clinic Childrens Hospital dr. Frank esper, good to see you this morning, thank you very much for joining us. How concerning is that . Reading the story right now in terms of the coronavirus in air and at 2 hospitals in wuhan, researchers found bits to have viruses genetic material floating in the air of hospital toilets, in indoor spacing large crowds and they are saying that people produce two types of droplets, larger ones that drop to the ground and smaller ones that make airsols can you tell us about that . Thats true. The question where theres airborne transmission versus droplet transmission has been going back and forth in the last couple of months. Theres been a lot of reports stating that there may be air transmission, we have done some really, really studies and looking how well the virus stays in the air. Theyve also done epidemiology and 75,000 people down in china. I will be honest its not too surprising to me that theres some amount of this material, of this virus that stays in the air a little bit longer than a cough would. The question is whether or not to be infected for a person that walks in the room. Maria i see. Whats most important . Whats your maintaining away about the coronavirus . We already know how well this virus spreads, we have seen it already and we already know as well that this virus is really contagious in closed areas, the whole diamond princess cruise ship, which seemed forever ago, we saw how many people got so sick so quickly and what we are seeing in these enclosed areas like the older care facilities where youre really stuck in one building, we are seeing a lot of people get much, much sicker than other areas which are not so enclosed or highly trafficked. And so what i would say is that this gets another why things have gotten so bad so quick especially as we learn more and more about this virus. What we do need to know, though, takehome point is if this virus comes back, when this virus comes back, thousand prevent such explosive infections like what we see here in the United States over the last couple of months. Maria Dagen Mcdowell. Dagen as pediatric disease infectious specialist, children are less vulnerable to coronavirus. I know that there was a cdc, some data published that only 1. 7 of 150,000 infections were found in people under the analysis of 18, what do you say about that and what does that mean toward reopening the country particularly getting children back to work to school potentially . I think reopening the country will be paired straight with getting kids back to school. We cant go to work if our kids arent being taken care of and thats just a fact. Youre right that children are less vulnerable to severe disease. Thats not to say they cannot get infected. Its very important for us to understand that children can get infected and some children can get very sick and we have seen children get very, very sick in the country and die and its not something that you say, hey, they are off the hook. That being said, getting kids back to school is one of those phases where we try to reintroduce children but its going to be different, the way we reintroduce children into school will be very different than what happened before this pandemic and certain measures in there to make sure that we prevent kids from going to school when they are sick, making sure that we identify those vims who have to be taken out of the school before they get into school to make sure that we dont maria so real quick, do you have a reaction to cdc adding 6 new coronavirus symptoms, they include chills, muscle pain, headache, sore throat and loss of taste and smell. Cdc previously listed cough, fever, shortness of breathe as mainknown symptoms. Thats now expanded. Yeah, im not surprised and i expect that list to actually get a little bit bigger. The answer is at the beginning cough and shortness of breath and all were looking around and, boy, thats everything, despite respiratory. This is still not specific for someone who deals with respiratory infections and a lot of viruses, cough, chills, sweat, sore throat. The type of headaches, these are nonspecific. A lot of viruses give you this type of feeling when you get infected. The one thing thats very specific on this list is basically loss of taste and smell. Thats something thats very unusual and something characteristic about this virus. Every other one of the symptoms on the list is basically a character of many viral infections. Maria all right, we will leave it there, dr. Esper, great to see you, thank you for your insight. Dr. Frank esper from the Cleveland Clinic. Race in 2020, six months until november. A new poll falls President Trump behind with coronavirus putting reelection at risk. When we come back. Stay with us. Announcer there are everyday actions to help prevent the spread of respiratory diseases. Wash your hands. Avoid close contact with people who are sick. Avoid touching your eyes, nose and mouth. Stay home when you are sick. Cover your cough or sneeze. Clean and disinfect frequently touched objects with household cleaning spray. For more information, visit cdc. Gov covid19. This message brought to you by the National Association of broadcasters and this station. Maria welcome back, biden rising, the former Vice President leads President Trump now by 6 points in a new national usa today poll. Suffolk university poll. Cog amid coming amid endorsements for biden. Mattie, using moment of crisis for political gain and is he gaining because people are tired of the president s press conferences, how do you read . Mattie good morning, maria, two months from now we could be in a completely different world just like today is completely different than it was two months ago, certainly voters are looking at the president s handling of coronavirus and what has happened under the result to the economy. As you mentioned earlier we had a couple of stumbles along the way. The ppp loans getting out the door. With states reopening now and the federal government i think doing pretty good job putting out guidelines for states to follow that shows certain amount of leadership. What really matters over the next couple of weeks and months how confident people feel entering back into society, going back about their normal life and how the economy recovers as a result of of that. I think theres upper glide, voters will rewarded the for that. Maria dagen. Dagen one other thing i will throw here concerns among healthcare professionals, people who i speak, resurgence of the virus and that will clearly play out in the president ial election, but to borrow something that kat temp said on greg gutfeld, how strange the less you see of joe biden the more he rises on the polls. People like not seeing him as often. Thats upside down. Maria meanwhile the scandal is it resinating, one of bidens former Senate Staffer tara reade accused the Vice President of Sexual Assault and retaliation had story corroborated. Can the camp, the biden camp ignore the claims . Do you think this becomes an issue . Dagen let me rephrase that. I would say liberal friendly media is in his camp and not covering it with the fervor and craziness that they did the Brett Kavanaugh nomination. Hes getting a pass in many ways from members to have media. Maria lets take a break. We have the food and Drug Administration administration dr. Steven hahn coming up as Trump Administration ramps up testing to tackle coronavirus outbreak. Dont Miss International interview exclusive coming up right here. Stay with us. Wednesday dr. Mike is back with the latest health and Wellness News to keep your family safe during the pandemic. And on thursday as the roller coaster ride and the markets continue, follow your money right here with our expert wall street analysis and then friday after accepting into pop up the economy, does the Federal Reserve have anything left in the tank . Dallas Federal Reserve president erbert kaplin with the answers. Its all right here, mornings with maria. music maria welcome back, good tuesday morning, thank you very much for joining us. Im maria bartiromo, it is tuesday april 28th, your top stories 6 30 a. M. On the button on the east coast. Attention turning back to getting america back to work and futures are pointing to a higher opening this morning. Take a look at markets, we are expecting a rally of 300 points right out of the gate this morning, one and a quarter percent as lockdowns are easing across the country and new round of stimulus went into action. The s p up 31 and the nasdaq this morning up 98. Global markets also higher this morning, european indices higher across the board. The European Central bank saying it will ease business as it expects emergency Credit Demand to surge. Dax index in germany higher by 58. In asia overnight markets were mixed, take a look. You do have pressure on china as you see down a fraction as well as japan, down a fraction. Oil prices are sliding once again this morning. We have another significant selloff in the price of oil as concerns grow that prices could turn negative again with worries over storage. The price of oil now down 6 and twothirds perce

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