Transcripts For FBC Mornings With Maria Bartiromo 20240712 :

FBC Mornings With Maria Bartiromo July 12, 2024

Employees. Bank of america and Morgan Stanley among big banks reporting. Dow component Johnson Johnson right here. Futures in the red. We are standing by for retail sales and jobless claims this morning at 8 30 a. M. Eastern. Stocks edging higher, Investor Sentiment over covid19 vaccine pushing markets into the green. The dow industrials up 227 points, nasdaq up 62 and s p up 29. The state of travel today airlines in the midst of a sharp downturn as pandemic fears keep travelers grounded at 7 30 a. M. Eastern ill be joined by ceo of delta edward bastian. Plus this, drink up, how moderate Alcohol Consumption can protect against cognitive decline. Mornings with maria is live right now. Maria european markets on the decline. Standing by for the ecb decision for the next hour, rates are expected to stay unchanged. Ftse 100 is down 36 points, new data this morning from the uk shows half a million workers were furloughed in the month of may. Thats in response to the pandemic shutdown. This morning dax index in germany by 83. In asia red across the board, the countrys economy expanded 3 and a quarter percent. The company reporting growth after contracting nearly 7 in the previous quarter from china this morning, nonetheless, the shanghai composite down 4 and a half percent. Sharp decline. Worst of asian markets overnight. Top stories that we are watching this morning, coronavirus deaths now topping 137,000 in the United States as cases near 3. 5 million, the most of any country, the cdc reported nearly 61,000 new cases just yesterday in the United States. Thats nearly half of those coming from florida, arizona and texas. All 3 states raising concern over lack of icu beds as hospitalizations now are on the rise once again. Starting today mask mandates are in effect in alabama and in montana and alabama face coverings must be worn in public and when not social distancing. In montana masks are required in certain indoor spaces and Outdoor Activities as well, but in georgia the governor is banning cities and counties from requiring face coverings. Meanwhile more retailers requiring shoppers to wear masks in their stores as well kohls, kroger, walmart and sams club mandating face coverings beginning next week and the move after National Retail federation pushing for nationwide mask policy. 2021 rose parade falling prey to coronavirus. The annual tradition featuring flower floats now called off due to coronavirus concerns. This is the first time the rose parade has been canceled since world war ii. Some strong words from secretary of state mike pompeo on chinas role on spreading the coronavirus, pompeo in an interview with the hill says beijing will absolutely pay a price for covering up the pandemic adding every foreign minister she speaks to sees what china has done to the world and china accused of withholding Key Information about covid19 from the World Health Organization and the public in early days of outbreak and allowing it to leave its border affecting the world. Pompeo adding china will be the trump Administrations National security if trump is reelected. Americans warning of 25,000 workers can be furloughed as coronavirus cases spike across the country. U. S. Airlines received 25 billion from the federal government in exchange for keeping workers on the job until the money runs out on october 1st, travel demand is not expected to return to 2019 highs for years. Take a look at shares of American Airlines this morning in premarket, we are looking at decline of 4 and twothirds percent on amr. Massive twitter hack meanwhile the social media form hit with awe of attacks on highprofile aaccounts, hackers posted tweets asking user to donate money to bitcoin, joe biden, president obama, jeff bezos, elon musk, all among those targeted. Twitter released a statement saying this, we detected what we believed to be a coordinated social engineering attack by people who successfully targeted some of our employees with access to internal systems and tools. Once we became aware of the incident we immediately locked down the affected accounts and removed tweets posted by the attackers. The news sending twitter shares lower the premarket. Decline right now of 7 on twitter. Joining me right now the cyber guy, kirk canutson and liz peek and chairman for American Conservative Union matt schlapp, thank you very much for being here. Kirk, how did a hack like this take place . Kirk yeah, it is something and if you look back at times jack dorsey twitter ceos account got ahold to, whats happening with twitter is a massive, massive violation of their own securities. Somebody got the key to twitter and administrative controls internally the kind of employees would use to control your account and they went and changed, this is how it worked, they went into your profile, they change who had the person is thats in charge of your account as well as the email and at that point they went ahead and started posting as you, coordinated attack and how they got into twitter isnt clear yet. What we do know the most common way that your account can get hacked is through fishing scheme, you clicked on something, looked legit. The one thing you can do with that you would normally notice login alert by text or email to you, you didnt look at it and you say that wasnt me who logged on, you make sure that your account is in good shape and if you enabled two factor authentication and require you to get a texas or if youre making changes to your account and that way you will have much better control of your account. In this particular case, though, this is something that jack dorsey has a lot more explaining to do. Not only to the market but also to consumers. Imagine, maria, what would happen if the president s twitter account got taken over and hes talking about crazy, crazy beyond crazy things in terms of what could jeopardize our National Security by a hacker. Maria yeah, thats the thing, the way that they did it to actually get into the system and change the person who is actually in control of your account, that means any of us are vulnerable. Kurt did this really happen to influencers, people with large following. Accounts like yours that are verified and reach a lot of people. Hackers were sophisticated and knew what they were doing. Im curious about the investigation and i want to know who might have been involved inside of twitter but something highly unusual to happen as large social media concern as twitter to actually lose the keys to your entire company for a moment. Maria well, what are the odds that this was a fishing expedition going toward election day. Can these kind of attack become more common around the election, how vulnerable are twitter users in that regard . Kurt well, it could influence decisions and minds. Instead of pushing people to fraudulent crypto currency scheme which by the way the fbi is also investigating, imagine if they were pushing it to false information that could jeopardize a wave, start a wave of retweeting and reporting in other platforms and cause minds to reshape as it did in previous elections. Maria yeah, thats exactly right. All right, kurt, we will be watching, thank you so much for that, and we are also looking at our panel to to jump in here. Whats your take on this, liz peek. Liz well, i think a lot of people who have been embarrassed by things theyve said on twitter in the past have claimed to have been hacked. I guess the question is how novel is this . Hasnt it been the case always that we are vulnerable on twitter . What strikes me about this it was a moneymaking scheme which is pretty weird. I mean, no one none of the people in that list that you mentioned, maria, are going to haul fall for blatant scam, i dont think. It almost seemed like a publicity stunt from someone who is maybe trying to undermine twitter. Maria yeah, matt schlapp, we are about 100 days from the election, im looking at this potentially sort of a warning sign or a fishing expeddish to see what can be done around the election. Yeah, you know, when i think of twitter, you know what i think of, maria, i think of realdonaldjtrump and what he has done and revolutionize the way in which a politician talks to voter. You know what donald trump did last night, he made a big Campaign Announcement on another platform, so what this really means for twitter is that if people gravitate to parlor which is much more accepting of conservatives and really big accounts start to go to other platforms, guess whats going to happen to twitter, itll dwindle. So this is existential question for at jack. Maria this is a really good point that he made announcement on parlor and then youre seeing parlor get more activity. We will see if it actually makes a dent in terms of market share. Real quick, mark tepper, economics of twitter stock, down almost 7 , i also want to get your take on china reporting growth in the quarter. It is not moving market but apparently the country is saying they are actually seeing growth in the Second Quarter. Well, when it comes to china i really dont know what i should believe that comes from them. No one really knows how they calculate it. China is not very transparent and if you look at whats going on in the u. S. Versus china all this covid talk is front and center in the u. S. , its scaring people, its roiled the markets a little bit. In china no one is really talking about it. Im not saying it doesnt exist there, it might be worse but they are not talking about it. They are secretive. On twitter i would be buying on pullback. I think engagement will stay high. I do think parlor is competitive threat but i would be buying twitter on a pullback here. Maria all right, we will keep watching that. With are just getting started. Coming up secretary of state keith is here on the United States confronting Chinese Telecom giant hauwei, latest out of china. Sean is here of tax exodus. Johnson and johnson chief Financial Officer joe wolf will join us on the companys quarter expected later this hour, delta ceo ed sabastian and 8 00 a. M. Hour Steve Scalise will discuss reopenings and joe bidens plan and also mohamed will react to jobless claims and retail sales. If youre worried about too much wine, dont worry, a second dallas might help but everything in moderation. Stay with us right here. Maria welcome back, majority of voters backing the former Vice President. Biden leading in wall street journal nbc poll and quinnipiac poll, the president only netting 36 approval in the poll. President trump devoting Campaign Manager brad passqaul, joining us former california congressman and former candidate darrell issa, congressman, always a pleasure to see you, thank you so much for being here. Thanks for having me on and as you say theres been a legitimate shakeup in the president s team and a lot of it is based on the mistake that was made in tulsa because, remember, before tulsa it was pretty easy to understand. One man was going out to talk to America President ially and the other man hiding in the basement and thats still true and thats part of the message that i think American People will see and hear going forward. One man in the basement reading teleprompter and the other person leading the nation. Maria yeah, i dont understand these polls, then, you dont see joe biden out and about, you dont really he did obviously release an economic plan the other day but its loaded with tax increases and spending on the groan climate plan and yet leading in the polls. What do you make of the polls, are you buying it . Im not buying it and if you want to say youre happy with the current environment, pandemic being handled differently in every state, every city, of course, you are. Its one of the sad things. The president is limited in his authority, he cant simply preempt all of the states and all the cities as much as hed like to but at the same time if you ask people who is trying to get my children back into school, who is, in fact, opening up the economy, who has a plan thats going to return us to prosperity, you know, they are going to without a doubt if theyre honest be 100 , thats President Trump. Maria well, whats the state of play in california. The number of coronavirus in california rising with more than 11,000 new cases at home, hospitalizations on the rise, Governor Newsom reclosing businesses statewide and now many are looking for congress for further stimulus. Whats your take on, this a proposal expected in the next few weeks, darrell, do you think we will see a fourth stimulus before congress leaves again on august 8th . Im afraid we might try to use printing money instead of addressing the virus in the appropriate way. Initially some of the financial stimulus made sense but lets be honest other than getting the a vaccine, the fact is we will have to live through it and the original intent which Governor Newsom has seemingly periodically forgotten which was to make sure that our Healthcare System didnt get overtaxed but at the same time recognize that this like the flu, like the measles and like the chickenpox is a virus that we will all get, we are only slowing the rate and those who believe that we should stop it have missed the point. Thats not going to happen and we may never have a virus like the flu, we may never have virus vaccine that totally eliminates it. California needs to get back to the original message. Governor periodically does understand that its about staying within limits, not simply trying to make everyone stay home and ive had to fight the governor at time over unconstitutional activities. Maria darrell, real quick, leading super pac working to elect joe biden launching multidollar initiative. Real quick, darrell, we have to jump. Unless we clean the rolls a lot of dead people will be voting and unfortunately theres a tendency for the vote to dead democratically. The democrats seem to have an advantage with those who have passed on. [laughter] maria okay. Tongue and check but i think this is a serious issue. Seriously voter fraud is a challenge when you expand dramatically without cleaning the roles properly. Maria all right. We will be watching, darrell issa, we will be right back, thanks, darrell. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. In a highlyconnected lexus vehicle at the golden opportunity sales event. Lease the 2020 es 350 for 359 a month for 36 months. Experience amazing at your lexus dealer. Now every bath fitter bathbath fis installed quickly, experience amazing safely, and beautifully, with a lifetime warranty. Go from old to new. From worn to wow. The beautiful bath youve always wanted, done right, installed by one expert technician, all in one day. Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome Design Consultation today. Maria welcome back, no mask, no entry, Walmart Kroger kohls and sams club joining the growing list of Companies Requiring customers to cover their faces as coronavirus cases spike across the country. The National Retail federation is now pushing for a nationwide mask policy saying this, shopping in a store is a privilege, not a right, if a customer refuses to adhere to store policies, they are putting employees and other customers at undo rest. Mark, tenner whats your take on this, masks can become policy. Unfortunately im not a big fan but im not sure the governor demanded it, now i was just in Newport Beach for a few weeks for Family Vacation and they were already doing it everywhere even outside, restaurants were only outdoor seating. I think the issue here is i think people may be willing to do this for a finite period of time but if this becomes an indefinite mandate where theres no end in sight, people will eventually revolt. Nobody wants to do this forever. People want to live their lives. Maria yeah, miami the latest state to require it, their requiring facial coverings, youre getting so much pushback saying youre impacted my rights. Liz its ridiculous this has become political issues and i would say to Trump Supporters out there, this can be the most important thing you can do to reelect the president because people are scared of this surge in cases weve seen around the country. There is no proof that you or me wearing a mask on the sidewalk is going to make much of a difference but the truth is it could make a difference and so why not do it, if youre on a ranch and you have 30 acres, theres nobody around, fine, i get that, you dont have to wear a mask, otherwise, for heavens sake people, lets be sensible, lets try and stop the spread of this thing so the economy can reopen and fewer people get sick and die. This just seems elementary to me. Maria yeah, its unbelievable. Everything has changed. We will take a break, when we come back clamping down on hauwei, the Trump Administration tightening the hold on Chinese Telecom giant, the latest coming up. Fleeing hightaxed states, i will be speaking with the connecticut state treasurer on how his state is handling the exodus, youre watching mornings with maria live on fox business. Some Companies Still have hr stuck between employees and their data. Entering data. Changing data. 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