Transcripts For FBC Mornings With Maria Bartiromo 20240712 :

FBC Mornings With Maria Bartiromo July 12, 2024

Congress still stuck in a stimulus stalemate not even at work. Turning to markets futures are rallying this morning. Tripledigit gain on the dow industrials, both s p and nasdaq hitting another round of alltime highs. The dow turning positive for the year. Take a look at the markets this morning. Wash, rinse, repeat, House Speaker nancy pelosi breaking San Francisco coronavirus rules getting her hair done in a salon. Where is your mask, nancy . The backlash ahead. Plus a Retirement Plans that starts at birth. Mornings with maria begins right now. Checking Global Markets, european stocks rallying as well following wall streets record run. Look at french and german markets more than 2 , in asia overnight markets mixed, both to plus side. President trump vowing to help the city of kenosha, wisconsin rebuild amid protests. Cheryl casone has more. Good morning, cheryl. Cheryl that is right, good morning. President trump making pledge to Business Owners and Law Enforcement officials there. Im committed to help kenosha rebuild. We are all. We will pledge 1 million to Law Enforcement so you have extra money to go out and do what you have to do. Im providing nearly 4 million to support the Small Businesses that i talk about today that got burned up, burned down. Cheryl kenosha has been plagued with violence since the shooting of jacob blake by police. Well, joe biden, Kamala Harris addressing the unrest across america in an 15minute Campaign Video. This is about the future, this is the United States of america. Any time weve ever set our mind to something, weve never failed as long as we have done it together. Thats right. Constant effort to split us just seems to me to be so counterproductive. Thats right, we are better than that. We are. Cheryl democratic running mates discussing Voting Rights and longterm plans for america beyond the coronavirus. Well,let make a deal, treasury secretary mnuchin to make stimulus bill. Mnuchin told more money is needed but more what basis where the administration and democrats agree. Pelosi countering saying there are serious differences on the size of any new legislation. Stimulus talks froze last month. Well, first for the Kennedy Family, progressive senator ed defeated joe kennedy in Massachusetts Democratic Senate primary overnight. Kennedy backed by House Speaker nancy pelosi is the first of his family to lose an election in that state. Those are your headlines, dagen. Dagen markets marching into september extending record run on wall street. Futures pointing to more gains 2, 25point gain at the moment. All throe major market gains ending in the green. Closing all newtime highs. Joining me chief Investment Officer nancy tangler. Former republican president ial candidate steve forbes and Mitch Roschelle. Nancy, how about those markets . What are the concerns for the coming months on the record run that we have seen in s p and nasdaq . It has been breath taking, dagen. Thanks for having me. We have been bullish as you know and particularly so in the tech space but this feels a little bit reminiscent of late 90s in terms of some of the underlying valuations so i still think there are place that is you can find value. Concerns, of course, around unemployment. We got great pmi numbers but employment was still weak. We would like to see employment improvement to keep economy going. Dagen i think the expectation is for 1. 4 million jobs added, that would bring the number of jobs created in may, june, july and august to little more than 10 million, 10. 7 million thereabouts but that still doesnt make up even half the jobs lost in america, more than 22 million in february, march and april, so what kind of job recovery do you expect to see here, like to basically back up whats going on in the market, what kind of job recovery do you want to see . I would like to see us step back by 7 by the end of the year Unemployment Rate, i dont know that thats going to happen because we are starting to see Companies Announce or warn that theyre going to be playoffs like the airlines have said, you know, we are going to have to lay people off unless we get more government aid. Thats about 53,000 jobs, you saw mgm announce 18,000 jobs eliminated and and number of industries cocacola and even salesforce. Com announced early Retirement Plans, so i do think that we are in a stairstep recovery and we might be flatlining for a while on the jobs front and that is something i do worry about and i dont know that we will get to my target number of 7 . Dagen in terms of those layoffs, steve forbes, the Airlines Want more bailout money. They are essentially saying, hey, we wont lay these people out if you give us more bailout money and there lie it is role of government and additional stimulus. What do you think . Steve well, its no surprise that the airlines will need more money because still people arent flying again. You have a few but in terms of volume we had before covid, nothing near what they need and so those headlines are going to be there and i think one of the dangers, i would like to get nancys view on it, flatlining on unemployment that it doesnt look like it did few months ago. How does she think will affect the election which will affect the market. We know if democrats win the economy will be in deep trouble and if the republicans win we could still have a run but when the market going to price in even though trump is doing bitter in the polls, when is the market going to pump that ds could win and that could be a disaster . Good to see you. I do think Predictive Power of the market historically begins in august to end of october, insight of who the market expects the new president to be and bullish market is obviously better for incumbent so its difficult to tell with all of the liquidity in the system that if the market is responding to liquidity. We wrote a piece on july 15th where we thought the market had legs and we are up 10 , 60 off the bottom. So i dont know if we are getting the Predictive Power but i think the markets are pretty sanguine and the president has stepped in with the payroll tax cuts for workers and the additional supplement to unemployment through executive order as you well know. I think we are still seeing spending and if you go i was in florida last week, the mall was packed, packed. Dagen stores are packed around the country, nancy. Mitch, before we go nancy seems to be suggesting or not divided government, regardless of who is in the white house you have a backdrop in terms of fighting the virus and the economy and the need for stimulus that the money will keep pouring in or coming out of washington and that joe biden if elected in november wouldnt dare raise corporate taxes because that essentially takes money away from job creation and higher higher wages. Mitch yeah, dagen, i dont think that the market has priced in potential bidenharris policy and i think thats going to happen when debate happens and theres hopefully conversation around policy differences especially in what bidens tax plan would be because the market is hoping for growth in 2021 and if tax policy were curtail, the mark will react to think. This is unusual recession, margins at highest level than they have ever been. Same with Consumer Confidence oddly enough. We are watching and waiting, but i might say that the market is beginning to anticipate some of the political changes that we may see. Dagen so youre saying look out below potentially . Maybe. [laughter] dagen nancy, good to see you, thank you so much for being here. Nancy tengler. Amc entertainment to open 140 theaters by thursday. U. S. Release of big movie openings since the coronavirus pandemic began. After this batch of theaters open amc says it will have 70 of locations open, the stock is jumping nearly 8 ahead of the open. The movie, by the way, said to be the most confusing upside down backwards, i dont know whats going on movie ever which says a lot. We are just Getting Started this morning, the silent killer, we are talking about the growing and Deadly Health risk impacting younger men. You dont want to miss this. Also ahead former dc homicide detective ted williams to talk about President Trumps kenosha visit and federalist Senior Editor Christopher Bedford talk Speaker Pelosis illegal hair salon visit. House minority whip Steve Scalise to talk about ongoing rioting and former toysrus ceo discusses state of retail and jobs in america and i will be speaking with st. Louis Patricia Mccloskey, their thoughts on ongoing riots. How new technology can help take you there. Dont miss a moment of anything we have coming up. Youre watching mornings with maria live on fox business. Dentd through retirement. Dagen President Trump pledging 1 million to police, the president warning cities hes ready to send in federal forces to restore order. If they are watching, portland or chicago or new york or anyone of other cities that we are talking about, but portland probably would be so easy, maybe that would be the first one because i see it every night its on the news, its burning, they are always playing games. We are ready, willing and able to send in, you know, massive up from of people that are really highly trained. You saw that through your experience, right, and we could solve that problem in less than an hour. I hope they call and eventually theyll call and at some point we will have to do it ourselves. Joining me attorney Fox News Contributor ted williams. Ted, great to see you as always. Why dont the leaders and the states, i for the life of me dont understand why the governor of oregon wont call in the National Guard or ask for assistance. I dont understand how a mayor like ted wheeler in portland can stand back and allow to continue and want Law Enforcement from outside the city from other counties to come in and youve had Law Enforcement leaders say from those other counties, no way. Dagen, let me say youre spoton of not understanding when you think about the fact that we asked governor to call on National Guard and the they refused to, you wonder whats going on, are political games played here within wisconsin there. Its frightening. The citizens are suffering, the businesses are suffering and this is a side commentary of where we are in america at this stage. Dagen ted, how does it stop or end because the American People particularly the people in the cities, you see it here in new york, what happens when the Police Departments are not supported not just in funding but just in by the leadership of these cities and states . And you just said it, the leadership of cities and states, really they have let citizenry down and you look look at metropolitan cities you will find Police Officers and morale terribly low and we need Police Officers to protect and serve various communities and thats a sad commentary. You know, let me just say to our audience, Police Officers dont get up white or black and put on a uniform and say we want to go out and kill somebody. That does not happen and we are now divideed unfortunately between white and black and white Police Officers are out there killing black people and they are purposely doing it. There are situations unfortunately that Police Officers cannot help themselves from being in and they have to take action to protect the community as well as themselves. Dagen i want to bring up this, theres a warning that gangs across chicago have made a pact to kill Police Officers. Shoot Police Officers on site if they have their weapon drawn on public, your reaction to this . Thats a sad state of affairs of where we are in the country right now. Theres no respect for Police Officers, chicago is out of control and i can tell you the president sent in about 100 agents not too long ago into chicago, thats not going to do anything in chicago. Its out of control city and in some states the national calls in there. Dagen thats part of operation legend where federal officers have come in in investigative capacity to help local Law Enforcement but in terms of gangs, if youre talking about a racketeering enterprise and organized enterprise that is trafficking guns, those are federal crimes and you can charge even murder and theres a role for the fbi and the feds to come in if they can prove that this is gang activity. Oh, absolutely, they need to come in in a ferocious manner into various cities because again without being redundant they are terribly out of control at this state and i think the federal bureau of investigation as well as some of the other federal agencies can be of some assistance there, dagen. Dagen ted, great to see you, thank you so much. Always come back soon. Coming up one Business Owner joining President Trump in kenosha speaking about protests in that city, back in a minute. The amazon vans have a decal that says, shipment zero. Were striving to deliver a package with zero emissions in to the air. I feel really proud of the impact that has on the environment. But were always striving to be better. I love being outdoors, running in nature. We have two daughters. I want to do everything i can to protect the environment to make sure they see the same beauty ive seen in nature. My goal is to lead projects that affect the world. I know that to be great requires hard work. i need it so bad dont call it a hobby. Its way more than just a job. This is how we live every single day. Can we go and play . roaring of engines i needed to try needed to fall i needed your love im burning away i need never get old im burning away so youre a small bor a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Dagen President Trump visiting kenosha, wisconsin looking firsthand look, meeting with Law Enforcement as well, the trip coming despite pleas from the mayor and the wisconsin governor that he stay away. President trump slamming those rioting in the streets. Steve, what do you think of the president s visit . Steve i thought it was wise move to do and the mayor and governor did not want him to come and cannot control states and cities anymore. Its frightening the American People and one of the things that i would hope to be coming out in future days is going against groups like antifa, are they going to use Something Like the rero act, the racketeering act, people coming out of out of state stoking things, initial protests, professional socalled come in. You see it most in portland. The president underscored the American People are not on the side and politically wisconsin swing state. I think the mayor and the governor ended up helping the president and i think the president providing money for local Law Enforcement official, a pinstripe, we are here to help you with resources. Dagen what about rhetoric of joe biden, this is trumps america and trumps fault despite that President Trump has overred help to the cities and states and mayors and have declined it. President trump is the man called, dictator, hes an authoritarian figure and he will take over the whole country and thats, in fact, not what he has done, steve. Steve now, when these far leftist talk about things, criticizing others they are usually describing themselves, they are the ones that are authoritarian for shutting down free debate and trampling on the Second Amendment, First Amendment right to free speech and so they describe themselves and the fact that joe biden now he may be out of the basement but the fact of the matter is they are the ones in the bubble in terms of the American People, you see it on the screens every night. Its out of control. Trump is not the mayor of portland, the governor of wisconsin or anything like that and he offers to help and i think its relatively low key approach we offer today help but if youre not going to do it we will try to come in and help Law Enforcement even if local officials wont, thats a very good state craft move, statesman move. Dagen mitch, listen to joe biden and Kamala Harr

© 2025 Vimarsana