Transcripts For FBC Mornings With Maria Bartiromo 20240711 :

Transcripts For FBC Mornings With Maria Bartiromo 20240711

Results. We will get congressional insight all morning long. We will hear from georgia congressman earl buddy and connecticut senator rand paul. Loss of 100 points on dow futures. Markets extending slump from yesterday as more lockdowns and the threat of them offset positive news on vaccines. Its also been a big week for retails, bjs and macys reporting this morning all the numbers as soon as they hit the tape. Working from home may not save you money. Why paying a new tax while working remotely. A little holiday decorating can carry you through some tough times making a buzz this morning. Mornings with maria is live right now. Dagen european markets feeling the sting of more lockdowns, red across the board in france, england and germany, all down about 1 . Mixed story in asia overnight with fractional moves there. Kospi and south korea shanghai to the plus side. Cheryl casone has all the news that you need right now, good morning, cheryl. Cheryl good morning to you, dagen. United states surpassed more than a quarter Million Deaths from covid19. More than a hundred thousand new cases every day since the election. The recent surge calling andrew cuomo to close the Largest School district in the country. Students will only return once new enrolled once benchmarks are met. More encouraging news on the fight of covid19. The vaccine developed by oxford and astrazeneca has shown to be safe in phase 2 trials. Meantime, deliveries of pfizers and biontech could start before christmas. Johnson johnson expects vaccine to be ready by february. The company had to pause phase 3 trial due to serious medical reaction in one participant. Taking a look at the panes in the premarket, green once again as you can see on the screen with pfizer up 1 and a half percent. Another reversal and key election battleground state, gop members in wayne county, michigan rescinding their decision to certify the results. The 2020 election claiming they were bullied into approval in zoom meeting. All of michigan counties are said to go to secretary of state and canvassing board next monday. Georgia meanwhile expecting to announce historic recount later today. Team trump already questioning the results as thousands of uncounted ballots were discovered just this week. Gop claims votes for joe biden were counted by 96 county and kalb county, the area was connected before adding. Well, new election spending records hit in georgia more than 120 million has already been spent as the peach state await it is two Senate Runoff elections on january 5th. The biggest spenders so far incumbent senator Kelly Loeffler who has spent 40 million on ad time. 2020 election cycle has seen 83 million total. Foreign ministers accused china of Concerted Campaign to silence in hong kong, they are urging beijing members who were arbitrarily dismissed just last week, dagen. Back to you. Dagen thank you so much, cheryl, we will see you at the bottom of the hour. We have selling across the board 1. 3 loss at the moment after coronavirus lockdowns weighed on investors yesterday. New york city shut down largest public School District in the city as cases rise. All students will head back to Remote Learning through at least the rest of the month. Bellpoint chief strategist david nelson and also joining the conversation all morning long Strategic Wealth market john tapper and Jon Hilsenrath. Doesnt seem to have been factored into the market here . Certainly a National Lockdown would be even worse, you would knock 3 to 4,000 points right away. I dont think the markets are marketing that and the Biden Administration has talked about it. Its not the first time we heard the language. A few months ago neil garrett suggested that we shut down for 4 to 6 weeks. The Biden Administration will punt to the governors, thats where it should be. Dagen mark tepper jump in . Mark i think the biggest risk right now is the nationwide lockdown. I highly doubt its a fullblown lockdown. Its more of a smart lockdown, youre able to go to work but you cant play, right . But nevertheless, my concern is that Small Businesses, they may never recover from this one. This could be the nail in the coffin. A lot of mom and pop have figured how to just survive. If theres another shutdown for restaurants, i dont know that they come back. Small and medium size employ 40 . I think with another lockdown, some of the Small Businesses go under, unfortunately we will reverse course on Unemployment Rate. Dagen Jon Hilsenrath, no additional stimulus coming out of washington, what do you make of that . Jon here is the bad news, the fed doesnt really have much more it can go. Theyve already pushed Interest Rates to zero. They are doing bondbuying programs, shortterm Interest Rates to 0, longterm Interest Rates arent much higher than that. The fed does not have a lot of ammunition and what the fed has been saying is that its really on congress to act. You know, i think we might start seeing sense of urgency. I really think that we are in a race against time here. We have two forces and on the one hand we have the vaccines on the horizon and thats great news and could be a recess cue for the economy. On the other hand, we have the vaccine reemerging and causing these new shutdowns. So this is a really critical moment for the for the american economy. I would agree with the idea that what matters in new york doesnt matter in south dakota because the problem is in south dakota because its in midwest, mountain states that werent hit in the first phase and they are starting to see. This thing hits everywhere. The other piece of news is we are doing a better job as a country of treating this, so the the percentage of people dying but that doesnt diminish. Dagen additional Unemployment Benefits that americans got earlier in the year, they expire at the end of the year, additional 13 weeks of benefits. The expanded eligibility for people who wouldnt normally qualify for those for benefits. They expire and congress is sitting on their you know what. We had great retail earnings and they continue to roll on. Bjs wholesale and macys sales coming out in an hour. What are you expectations here, dave . Would you jump into some of the names here . I own some of the names, i own a walmart. They reported a great number. We have to understand a lot of the companies, a lot of sales have been pulled forward. Certainly in the Case Companies like home depot and lowes, we have been doing trapped at home doing stay at home projects. Moneys got spent in a couple of months. The numbers are very good but a lot of demand has pulled forward and a lot its sell the news event and certainly thats been. Dagen dave, great to see you, thank you for being here so early. Dave dave you get a big wave. We are just Getting Started this morning, we will be taking with georgia congressman earl buddy carter, how hes feeling after taking the vaccine. Senior adviser christian whitan weighs on crackdown of china and its radioaccident quay vaccine shots and promising results, we discuss that with dr. Amesh aadalsha. Former connecticut senator Joe Lieberman weighs. At 8 00 a. M. Eastern oklahoma senator James Lankford why he stepped in and asking joe biden receiving Intelligence Briefings, Covid Survivor rand paul is here to discuss lockdowns to another stimulus deal. Dont miss a moment of it. Youre watching mornings with maria live on fox business. Ahead of us. Our own hopes and dreams. Well pass many milestones. Moments that define you. And drive you. To achieve even more. So, celebrate every one. Because success isnt just about where you want to get to. Its also about how you get there the all new 2021 cadillac escalade. Never stop arriving. And still going for my best. Even though i live with a higher risk of stroke due to afib. Not caused by a heart valve problem. So if theres a better treatment than warfarin, im reaching for that. Eliquis. Eliquis is proven to reduce stroke risk better than warfarin. Plus has significantly less major bleeding than warfarin. Eliquis is fdaapproved and has both. Whats next . Im on board. Dont stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. While taking eliquis, you may bruise more easily and it may take longer than usual for any bleeding to stop. Seek immediate medical care for sudden signs of bleeding, like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Ask your doctor about eliquis. And if your ability to afford. Your medication has changed, we want to help. Dagen even even more developments for race for coronavirus vaccine. Astrazeneca providing immunity and the company will seek emergency use authorization shortly. My next guest is part of pfizers clinical trial, georgia congressman, House Energy Committee member and pharmacist earl buddy carter, youre the only pharmacist serving in the house, tell me about your experience with the vaccine which you took and what are the challenges with pharmacies that they will face in distribution . Well, first of all, ive had two shots, i had the original shot and the booster shot. Months later after the first shot. The booster shot is generally where you have the antibody process working. I suffered from a little bit i was lethargic and i had muscle pain and i think i may have gotten the vaccine itself. You dont know if you get the placebo or vaccines. I think i got the vaccines after the booster shot. As far as pharmacists being able to distribute the vaccine, pharmacists play an Important Role in making sure that people get vaccines. Most people are getting their vaccines at pharmacy now. 95 of americans live within 5 miles of a pharmacy. It is important and the pharmacists will be able to deliver, storage will be a concern but theyll get past that. Dagen what do you when do we get out of here. Congressman, are you confident in the Distribution Plan that the Trump Administration and cdc that they are putting in place here. What do you know about it in making sure that these i know that makesin is involved. We will have Pfizer Vaccine and moderna making sure they get to those most in need. That theres an equitable and fair and ethical distribution of the vaccines. Well, certainly states are going to play an Important Role in that as well and deciding who gets the vaccines first, the states will play an Important Role. You look at the most vulnerable, Nursing Homes patients. They are all very important that they get the vaccine as well. There will be a plan but the states will play the most Important Role in the process. Dagen congressman, all eyes on your home state of georgia will be decided by two runoff elections in early january, spending in those two runoff elections has topped 120 million. This coming as gubernatorial candidate ballots says millions requesting ballots. We are finding more foots in fayett county, for example. Certainly thats a concern and thats why we in the house delegation have encouraged the secretary of state make sure that they grant the request of the Trump Campaign and the Georgia Republican party. Listen, we all whether youre democrat, republican or independent, you want transparent honest elections, all of us want that. Thats what we should be working toward. Its concerning to find votes oh and they happen to be in democratic counties. How does that happen . That does not build up a feel good about the election at all. So the most important thing is we get it correct, the most important thing is that we learn from this and dont let it happen again. Dagen congressman buddy carter, thank you so much, great to see you this morning. Thank you. Dagen coming up cuomo snapping at reporters over School Closures in the big apple. What are you talking about . You are now going to override. Im confused parents are still confused as well. They are not confused. Youre confused. Dagen the imperror has no close, did you justifying your that . One bank says, yeah, we take a closer look. For over 30 years, lexus has been celebrating driveway moments. 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The wall street journal editorial page shining spotlight on gretchen whitmans order, the restaurant and lodging association which represents 5,000 businesses has filed a federal lawsuit over the prohibition of Indoor Dining calling it a seizure of their property. The journal weighs in with this writing, quote, a Supreme Court Justice Samuel alto said last week, the longer Emergency Powers are in use the more they become questionable under law. Bars may be closed but too many are drunk on power. Perhaps federal courts can sobber them up. Schools are closing in new york city sending 300,000 Children Home as restaurants and bars remain open. Here in new York Governor Andrew Cuomo snapped at a reporter yesterday. What are you talking about . Youre now going to override, we did it already. Thats the law, an orange zone and red zone. Follow the facts. Well, youre confused. Parents are still confuseed as well. Theyre not confused, youre confused. Dagen this is i will let you talk because im mad. Jon sorry, dagen, is that coming to me . Dagen yeah, go. Jon i think, you know, i think this is a serious problem especially for restaurants. Governor cuomo in the clip wasnt handling himself with much temperament or grace. It turns out he was yelling at a wall street journal reporter so i think maybe the governor needs to keep his cool but as i said in an earlier segment, we are in a race against time and we want to get the vaccines out but the virus is spreading really fast and its going to be a problem, i think, for densely packed places like new york all over again and, i think, what we learned in the spring and in the summer there has to be some middle ground. Its frankly unfortunate that all this arguing on both sides of the aisle of that shutdown or not shut down and we really didnt come up with a plan as a country or even many states for what do you do if this thing comes back and now its coming back and once again we see people like Governor Cuomo flying by the seat of their pants. Dagen right, mark, i will point that out that this School Closure is the front page of the New York Post today, no classics clammation point, i can hold it up here. But reading the editorial that as part of that that this 3 7day rolling positive virus test average in the city is not scientific, its arbitrary and its actually lower than what the World Health Organization recommends. At the same time in terms of getting to a place in this city and nation where we can resume a normal life, for political purposes andrew cuomo, when these vaccines started coming out the pfizer news, the moderna news, he is throwing up road blocks to slow down the distribution of those vaccines here in new york. He wants his own safety review here in the state. He wants his own he wants to review with his, quote, experts, to Distribution Plan for that vaccine for political purposes hes literally slowing the distribution of the vaccine in new york state and potentially killing people. Mark tepper and thats why i get so angry because, again, its the political posturing rather than just looking out for new yorkers, hes more concerned about himself than the health, safety and welfare, what about the workingclass parents that have go to work and they might be out of a job if they want to stay home and school their own children, mark. Mark its extremely difficult, dagen, they are 9, 11 and 13 years old. Im seeing this firsthand. What im seeing from Governor Cuomo is ridiculous. Seems like selfsabotage. I dont know why anybody would want to do that. We need to get vaccines out and distributed. We need to make sure people are healthy and keep the kids in school because, look, i can see the writing on the wall. You know, we are right in between cleveland and akrin, the state of ohio, cleveland just issued stay at home order yesterday, we are kind of on the akrin side of things. The writing is on the wall. I can see it coming. My kids h

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