Transcripts For FBC Mornings With Maria Bartiromo 20240712 :

FBC Mornings With Maria Bartiromo July 12, 2024

Take a look at gain better than 2 . Nasdaq futures up 130 and s p futures up 32 points. Dow, nasdaq and s p 500 marking marking second consecutive week of losses on friday, big bounceback from that, on friday you had as you see markets lower, new fox poll new fox news poll show the 2020 race is narrowing, President Trump and joe biden taking their messages to swing states but just over now 50 days to go until election day. Plus, how you can live like the fresh prince of bell air courtesy of will smith and airbnb, mornings with maria is live right now. Maria firmer tone to markets this morning. European indices are mixed with european markets kicking off the gains with fractional moves here. Cac quarante is up 6 but the dax index in germany lower by 8 points, virtual trade talks between eu and china, we will tell you more about that coming up. The big Softbank Nvidia deal. As you see korean kospi index up one and a third percent and shanghai composite about twothirds 1 . Ruling party after shinzo abe. Bite dance tapping oracle for u. S. Business for tiktok beating out microsoft. President trump signed executive order unless u. S. Operations were sold to American Company, calling it a National Security risk. Shares of oracle better than 8 on this win. Oracle gets tiktok. Nvdia acquiring arm holdings for 40 billion, makes chip and cell phones. Checking shares of nvidia better than 5 . Gilead sciences acquiring med kicks for 21 billion, makes a key drug used to make Breast Cancer. Take a look at the stocks. Imuno medic is up as you see there 16 , gilead is down a fraction. Trading barbs, President Trump in nevada slamming joe bidens voting record and mental readiness during his first indoor rally in months. Take a watch. This man is totally unfit to be president , up here, hes totally unfit. Jim joe is not qualified for e position. Maria the rally last night drawing has critic. President trump toured californias wild fire damage, this morning hes going there and biden talking Climate Change in delaware. Two Los Angeles County sheriffs deputies are expected to survive this morning after being shot multiple times in an ambush on saturday night. One hundred thousand dollar rewarded is being offered on the shooter seen here in Surveillance Video opening fire on deputies as they sat on the vehicle. Two people arrested in a protest and chanted that they hope the officers would die. Well, theres no end to devastation and misery along the west coast. At least 35 people have died as explosive wild fires rage from california to washington. Millions of acres have been burned, tens of thousands forced to evacuate as the fires destroy their neighborhoods, west coast now has the worst air quality in the world according to experts. Worst than china. Major deals rocking wall street this morning pushing futures higher, we have 3 major deals happening, oracle beat microsoft to become Technology Partner for tiktok u. S. Operations although it would not receive algorithms. Oracle shares up 8 , nvidia acquiring arms holding from softbank, this is the vision fund selling for 40 billion and Gilead Sciences spending 21 billion on imuno medics. Joining me Barry Banister and Dagen Mcdowell, pollster and president of maslansky partners the author of persuasion, lee carter is here as well. Great to see everybody this morning. Thank you so much for being here and barry, let me kick this off with you, we have a little bit of a merger monday with major deals, whats your take on what this tells us, i guess, some of this stuff was on the shelf and now it looks like we are back to business. Well, weve always been back to business because the Federal Reserve has given us incredibly low Interest Rates and we have the tonic of free money and high share prices which is currency for deal and you have a lot of cash in the system and money is better than free, negative real rate, you will have deals, bidup Technology Sector and doesnt surprise me that theres m a pickup and has been for a while now. Maria whats your take on orac oracle for operations with tiktok . I dont think that will mean videos or that important to society compared to Microsoft Software which is important to society and business. This is a proxy for the Technology Cold war we are in. We will be in a Technology Cold war with china for decades. Maria yeah, youve right, and i wonder if the , you know, the Actual Technology changes and if we are going to have a Different Technology in china versus the United States in terms of this this power struggle on tech which is something that the chinese have been trying very hard to compete with the United States, the Chinese Communist party. You look at the chinese, the tech companies, they tend to be strong at home and in some cases not as strong abroad, so chinas model works well inside of china but outside of that, it doesnt export that well. I think the u. S. Will still have powerful world role in terms of Technology Going forward. Maria let me ask you about this report out of Goldman Sachs and Deutsche Bank, they are selling that the selloff could be coming to an end, the selling at this point is behind us but november election is a key source of uncertainty in the coming months. Barry, whats your take in terms of this market, it really wont quit . Are you expecting rally to stay where it is given rate that is you just mentioned . S p 500 index was 3100 in june, peaked at almost 3600. I think we go to 3100 level before october is october. So what do we have here . We have a lasting damage to the person to person side of gdp and jobs, thats not coming back soon. Targeted rejection of targeted fiscal aid which by the end to have year will show up in the economy and so the stock market is four months ahead of the economy and that should be discounted right about now. Weve also got fairly weak inflation and i expect oil prices to drop to 30 very soon and as consequence real Interest Rates, real yields would go up slightly as inflation drops and that would hurt these technology valuations, so i think theres about 7 to go on the s p 500 correction a little more on the tech stocks in the next 6 weeks or so. Maria all right, we will leave it there. Barry banister, lots of movers on wall street this morning due to deal moves. Amazon, retail giant announcing overnight its hiring one hundred thousand workers in the United States and canada going into the holiday season. Typical that theyll hire a temporary but this seems like a very strong notice for amazon, stock is up almost 2 as you see there. We are just Getting Started this morning, coming up the race for the white house. We are taking a look at the 2020 campaign trail with now 50 days to go until election day. Who is leading in the new fox news polls, we will bring them to you. Tiktok sale, what oracls winning bid means for users and followers, youre watching mornings with maria live on fox business. Our Retirement Plan with voya gives us confidence. Yeah, they help us with achievable steps along the way. So we can spend a bit now, knowing were prepared for the future. Surprise we renovated the guest room, so you can live with us. Oooh, well. Im good at my condo. Oh. I love her condo. Nana throws the best parties. Well planned, well invested, well protected. Voya. Be confident to and through retirement. Everything we have, weve earned. The unmistakable lexus is. Get zero percent financing on the 2020 is 300. Experience amazing at your lexus dealer. Experience amazing keeping your oysters growing while keeping your business growing has you swamped. you need to hire i need indeed indeed you do. The moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base so you can start hiring right away. Claim your seventyfivedollar credit when you post your first job at indeed. Com promo 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 back, countdown to november is on. President trump in nevada and drew criticism amid coronavirus pandemic and he slammed joe biden last night saying hell not fit for the president ial job. This man is totally unfit to be president. Up here, hes totally unfit. Kim jong un doesnt know about the problems that joe has. We need very sharp people, im sorry, joe is not qualified for this position. Maria the president is headed to california today meanwhile Biden Campaigning in delaware today and in florida tomorrow. Former president ial candidate michael look berg saying hes prepared to spend 100 million in florida alone to help the bidenharris ticket. Joining me right now republican strategist and former nevada state gop chairwoman amy and former Vice President biden Senior Adviser and transparent business chief transparency officer many villa. Thats a lot of money. And hes doing it just in florida. How impactful would this be . Well, obviously hes going to be able to buy lots of air time and flood the air waves with probiden tv ads and radio ads and thats very helpful, however, you know, if we look back historically at some other candidates who had the most amount of money, i mean, jeb bush, he had a ton of money and he didnt do so well and you also had Hillary Clinton who had a lot of money as well and, you know, shes not our president. So i dont think its going to actually put him over into the w column, but it is definitely going to help. Maria yeah, its pretty incredible, mo, whats your reaction to that number . Well, you know, i find it interesting actually good morning, maria, thanks for having me back. I find it interesting that the Trump Campaign you guys were bragging when you were ahead in cash advantage and when youre not ahead in cash advantage its not such a big thing. Clearly a hundred Million Dollars from bloomberg will make a difference in florida, but lets be honest here, its not the money thats going make the difference in florida, its the fact that the president last week, i guess, and the week before called our military and vets suckers and losers and withheld information regarding covid that ended up in the death of fellow americans, its not about who pumps in money, you guys. Maria thats not true. He did not withhold any information. Thats not true. Wow. Maria go ahead, mo. What did he withhold . Its on tape, maria. He actually said lets go back and roll all the tape, okay, because i dont want i dont want anybody to say that im misleading anybody. He told bob woodward he knew it was much more severe than what he said every week when he was on tape. He was golfing, he was Holding Political rallies, knowing this was killing people. Maria thats just not true. I dont need bob woodward the president told me directly. I interviewed him in davo and i know exactly what he said and what he did and on january 31st he stopped all travel from china and joe biden called him a xenophobe and nancy pelosi was saying come on down in chinatown. Lets be realistic. They show the National Race is tightening, joe biden holding 5point lead over President Trump right now. Groups in the country favoring biden include women, suburbanized, seniors, your guy is obviously in the lead, mo, how is he going stay there . I dont put a lot of thought on polls. I do look at patterns and friends. The Vice President has held a lead now for a long time, so that is a pattern and a trend im keeping a close eye on and its a much tighter race than people think but i do think that Vice President biden will prevail and hold the lead because to me its a values election, if youre okay with racism, lying, vote for trump. [laughter] yeah, i dont believe the poll at all. Here in nevada is the perfect example, we are predominantly a blue state at this point but we had thousands of upon thousands turn out for both rallies. We also had a boat parade in lake which had almost a thousand boats in itself. When the president announced that he was going to be here within 15 minutes, the Bidenharris Campaign jumped panic and now we have Kamala Harris coming into town because they know that the president is making inroads here in nevada, mccain lost by 12 points, romney lost by 8 and the president lost in 2016 by less than 2 . We know that the president doesnt like to lose so hes working really hard to win over the nevada voters. Maria well, i will tell you, this is a close race, amy, mo, we will be talking more. Great to talk with you both this morning, we so appreciate your time. Amy and mo vella we will see you soon. Tiktok sale, the chinese app rejected microsoft bid. Its now an in exclusive negotiations with the winning bidder which is oracle coming up. Fashion forward protective gear, Louis Vuitton rolls out a luxury face mask and you will not believe the price tag. Youre watching mornings with maria live on fox business. Stay with us. Still your best friend. And now your copilot. Still a father. But now a friend. Still an electric car. Just more electrifying. Still a night out. But everything fits in. Still hard work. Just a little easier. Still a legend. Just more legendary. Chevrolet. Making lifes journey, just better. Onfor one strangek back and remembtime in our lives, thing, got very quiet. Some lost work and invented new ways to get by. Others were busier than ever, and found strength they never knew they had. We sheltered with the people who matter most, sometimes finding how far apart wed drifted. We worried over loved ones, over money, over our planet. And over takeout. And we found a voice one the noise out there had kept quiet. When the world starts spinning again, lets remember this time where none of us felt secure, and fight for a future where everyone can. Because when the world seems like its standing still. Thats the perfect time for us to change it. If i could, baby id how can i, when you wont take it from me you can go your own way go your own way your wireless. Your rules. Only with Xfinity Mobile. Maria welcome back, tiktok talks taking a huge step forward in the week to make a deal happened. Chinese app chose oracle making 11th hour decision to pass on microsoft. Joining us executive editor pete, pete, whats your reaction to oracle being the winner here . Peter well, the sound that you heard last night was tiktokers breathing sigh of relief, badly choreographed one but my reaction is a little bit of surprise, i kind of thought microsoft had this in the bag the way they were posturing about it and they seemed like the big loser here. Campaigning openly to be the chosen one here and it doesnt look like any kind of deal maker in the wake of this, but hats off to oracle, they seem like theyve gotten a deal. This isnt outright sale, basically Technology Partner of tiktok in the United States and sort of remains to be seen whether thats enough because the the condition put by the Trump Administration is some outright sale. We will see how it goes. Maria i guess my question would be what does this mean in terms to have data and user information at oracle, how many people at tiktok would go work for oracle because the Chinese Communist party has been strategic to get data transfer, we have seen string of indictments, has been identify today work with them transfer data. Is that going to be the case here . How many tiktok workers would work with oracle . Yeah, its a really good question, so i think youre getting at the heart of oracle, may be the chosen one here. Oracle has a very good reputation in terms of knowing how to do the logistics and securing data and its going to be a probably very complicated relationship that they set up with tiktok and its u. S. Operations so that there are some more church and state sort of separations on what through the bite Dance Network or, you know, what china has essentially has access to and what remains in the u. S. Whats really a big factor here is Data Sovereignty and, you know, where the data on u. S. Users actually resides and generally that will need to be in the u. S. And that needs to be in maria dagen. Dagen is this going to even pass i raise the issue is this going raise muster, the oracle deal with the white house and the committee on Foreign Investment in the u. S. It still has to be reviewed and maybe this isnt a loss for microsoft, maybe its a win for microsoft because it doesnt want to get in bed with the Chinese Communist party in a way that it still remains to be seen what is in this deal, this partnership for oracle. Maybe this just kicks the can down the road and after the election this gets revisited in a way that that oracle winds up with egg on its face. Yeah, its possible. Its not just the u. S. Government but also the Chinese Govern

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