Maria good tuesday morning, im maria bartiromo. Im is tuesday, september 26. Time for the hot topic of the hour. We are just one day away from the second gop president ial primary he debate happening in semi, california where candidates will take the stage to debate on voters top issues. Fox business Madison Alworth is there, live from the reagan president ial library this morning in simi valley with more. Madison, good morning good morning, mar maria, from the ren library. We are one day away from the second gop primary debate. Weve been talking to voters about the issues they want to hear on the debate stage. What we have consistently been hearing from the voters, they want to hear about the economy, they want to hear about the solutions to the current u. S. Immigration crisis. And they also want to talk about candidate age. The president today planning to picket with uaw workers in wayne county, michigan. But critics including those that will be on the stage tomorrow like tim scott say we need this president on the border. The cbp has registered over 2. 2 million border encounters this year. In recent days, we have seen daidaily crossings hit 9,000 per day. On the economy, 44 of americans in the latest abc news, Washington Post poll say theyve gotten worse off financially under bidens presidency. Thats the most for any president since 1986. As we talked to voters, these are the subjects we see a growing chorus calling for solutions to. The candidates that with address these problems will be sure to capture americas attention. Having people who are unvetted enter the United States and creating chaos and since covid, everything went up, everything changed. You dont know any clue of who is coming in here. Cost of living is making it very hard to start my life. I think the economy is doing absolutely horrible. Everything is more expensive, eggs, fruits, vegetable, meat, anything. Reporter so age is another really big issue and the two candidates that voters are most concerned about will not be here tomorrow. Were talking about President Joe Biden and donald trump. Even with their absence, you can expect that issue to likely make its way onthe debate stage. Maria. Maria madison, we are all waiting and watching. Thanks very much, Madison Alworth. Joe, your reaction. These are the issues that americans are concerned about. In the last month alone in august, it was reported we have over a 17 had 1700 pounds of fel that was seized, over 400 million deadly doses and we dont have 400 Million People living in america. Thats just one month. Any way you want to slice it, the economy which is not working for people, evictionses are starting to creep up, defaults on automobiles are starting to creep up. Were not spending enough time talking about baby boomers, 10,000 per day are retiring. Savings accounts are deleted. There is big trouble on the horizon for a large sector of americans. I think thats going to be the focus where people can gain the most traction this election. Maria rebecca, the border is a main issue for voters right now. You just heard from some of them in madisons report and its interesting that actually were seeing the public understand this issue, given the fact that the legacy media refuses to cover it. The other day, i think it was just yesterday or two days ago, 11,000 people crossed the border in a 24 hour period. I mean, these are record numbers. We havent seen these numbers, as much as weve covered the border and as close as we have, we have not seen 11,000 people in a 24 hour period. Were at record numbers right now you. All of the president ial debates over the last 10 or 15 years have talked about 7 million or 11 million illegal people that are residing here permanently and now to hear just since this administration has begun, 7 andahalf Million People have come through the border and the got aways, we dont know how manywho these people are. So two things stick out to me in that report that madison just did is the bore darned people are waking up border and people keep taking up. You cant tell us theres no problem when the National Guard has to be called in by the Texas Governor to put up barbed wire and stop people that are coming into our country. Look at the people that are coming. Youll see where the money is coming from. I want to quickly touch on the age issue. Because i think its sad and does a disservice to former President Trump and with President Joe Biden. Any person can see that we did not see a handler for President Trump at an easter egg you know, the easter bunny walking the president of the United States along so do not tell us that you cant be old and be president. You cannot be senile with i did men s sha relate dementia related problems and be the president of the United States. We talk about this being the most powerful position in the world, yet we literally watch people handle joe biden every day even on the world stage. Its embarrassing and has to end. Dont make it about being old. Thats not the problem here. Maria thats the Mainstream Medias way to get around whether or not he has dementia or is se f senile, they try to e it like its an age thing and say oh, well, President Trump is three years younger. I totally agree. Its total misinformation there. You can watch the second p Republican Debate on fox business, we hop you will, tomorrow night at 9 00 p. M. Eastern moderated by stuart vair varney and dana perino. Coming up, we have the final trading week of the quarter, durable goods out tomorrow, final read for the cpe and our word on wall street is coming up with their expectations. Dont miss it. Youre watching mornings with maria live on fox business. Well be right back. Its all in vein. Ill get right back on my feet again. Hit me with your best shot. Why dont you hit me with your best shot. Personalized Financial Advice from ameriprise can do more than help you reach your goals. I can make this work. It can help you reach them with confidence. No wonder more than 9 out of 10 of our clients are likely to recommend us. Ameriprise financial. Advice worth talking about. Ah, these bills are crazy. She has no idea shes sitting on a goldmine. Well she doesnt know that if she owns a Life Insurance policy of 100,000 or more she can sell all or part of it to coventry for cash. Even a term policy. Even a term policy . Even a term policy find out if youre sitting on a goldmine. Call Coventry Direct today at the number on your screen, or visit coventrydirect. Com. Maria welcome back. Time for the word on wall street. Top invests watching your money. Joining me right now is watchdog on wall street radio show host and markowski investments president , Chris Markowski back with us. Also with us, rebecca walser. As we look at a market that is trading down this morning, down across the board since july, actually on the final trading week of september and the end of the third quarter, moodys is warning the u. S. Is risking losing the top Credit Rating if the government shuts down. What are your thoughts as we approach the Fourth Quarter next week, well be getting earnings coming out. What are you focused on with regard to the impact on money. Maria, we thought the second half of the year would be the true test of the market this year because of so much stimulus money and obviously the Federal Reserve giving us the btf program in march. This was going to be the time, the second half of the year. Were seeing it now, were seeing that were just running out of money. We are our money supply is retracting. Its recessionary level retraction on m2 were just getting out of the stimulus. With Student Loan Debt forgiveness stopping next month well see more. With the headwinds of germany and really recession level manufacturing status and china having major problems right now, i expect well have a lot of problems ahead. 750 stocks hit 12 month lows, including ups, pfizer, general mills. This is across the board. I think we need to prepare for bad news ahead. Maria im just wondering if the Fourth Quarter will mean selloff versus what weve been seeing yeartodate, rebecca. Because, look, were finely seeing the impact of the 11 rate hikes. As you said, it was really the second half that we were focused on and theres a story in the journal this morning, americans finally starting to feel the sting from the feds rate hikes, youve got rates going higher across the board and Stephanie Pomboy mention inned the past bankruptcies and companies seeing a very different scenario in terms of their own costs. Will that play out in the Fourth Quarter . Weve seen so many chapter 11s move to chapter 7s where you dont even cant get a restructuring because theres no financing. The liquidity, this system is based on liquidity and money flowing and really easy money. Lets face it. Since the dotcom crash of 2001 and 2002 weve had a an easy Monetary System and this is the aging of the system and coming home to roost of free money flowing for so long, were not prepared and with Interest Rates at this level now, people cant finance houses and businesses cant get credit and thats when youre going to look at a system lockup. Maria in fact, jp morgan Ceo Jamie Dimon did an interview in india, warning, chris, that the world is not prepared for the Federal ReserveInterest Rate at 7 in a time this is in a times of india interview, dimon says this, im not sure if the world is prepared for 7 . I asked people in business, are you prepared for Something Like 7 , the worst Case Scenario is 7 with stagflation. Chris, jamie dimon has been warning about, you know, worry under the surface for a long time now and he said it again. That was last year, it was the hurricane that had everybody all riled up last year. This is why im not buying the Federal Reserve. Everybody is talking about higher for longer. Im sorry. I agree with rebecca 110 . Youve got all sorts of issues that are screaming recession coming down the road and listen, i dont really care about the gdp numbers. Anybody can be their own do it yourself economist right now. You speak to clients out there, like what in gods creation is going on with the expenses, oil, food, you name it. Thats whats most important. Were going to get juiced when it comes to the gdp because all of the Government Spending is coming down the pike starting next year and the year after. The reality at home is what matters right now. Weve got a political season thats coming into next year and i think the feds going to feel the pressure of lower rates next year. Maria well, well see. I mean, the market rallied so much this year on this whole notion that the fed is going to be forced to cut rates at some point next week next year, rather. Look, chris, look at the data were looking at already. Weve got a big week of data. Were getting the july caseshiller home price index out this morning at you 9 00 a. M. Well get the august new home sales out at 10 00 a. M. , well get a window into housing. Tomorrow were looking at durable goods orders, final read of Second Quarter gdp on thursday and august pce index on friday, undermining all of these numbers is the price of oil. If youve got oil prices at 90 a barrel, thats going to dictate where inflation is. Everythings got to be transported. So the price of oil and gasoline is embedded in those inflation numbers. So its also farming season as well so youve got the farmers that are going to pay a hell of a lot more for diesel based upon the prices and that will filter into food. Im telling everybody to be cautious. Weve had a major runup in the market. Look at market breadth, year over year, s p 7 , if its market weighted thats not so great. 1 over the course of the year. Investors have got to be smart. Theres value thats out there. Youve got to look for it. You have to understand where is the Government Spending money. Thats going to be the driver in 2024. Id look at infrastructure stocks and defense stocks. You have to replenish a lot of those supplies. Maria its a great point. I mean, rebecca, at this point it sounds like you both are basically wanting to sell into any rally. Do i have that right . I mean, i am definitely not in a buying situation right now. There might be wind out there but you have to look for the value. Overall this market is in for some rude awakenings i think. Maria nancy lazar is one of our regular guests here and she said that she pushed out her recession expectation into end of year next year. So chris, at some point, you know, youve got to face the reality of whats going on. Maybe the employment numbers held up this year, maybe we p dont get a recession until next year and coming to your point forcing the fed to cut at some point. In reality, whats a recession, youve got to get the high priest in cambridge that automatically decide were in a recession. We had two quarters of economic growth. Im looking at based upon my clients, not based upon what the government or high priests are telling us. Am i selling everything . No, im taking a look right now you to rotate assets. Assets have done very well over the past year, you want to rotate, you want to take some profits off the table and look for value. Maria that makes sense. Thank you so much, Chris Markowski, for joining the conversation, we appreciate you. Rebecca, youre sticking with us all morning. And were grateful. Thank you. Great word on wall street. Quick break and then a President Biden bill in michigan today, evidence will join the picket line of the United Auto Workers as the strike is entering an 11th day. The white house claims his visit was not ininnocenced by President Trump influenced by President Trump who was planning to go tomorrow. Michigan congressman john james is here with reaction, coming up. Youve got the music in you. Dont let go. Youve got the music in you. 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Maria President Biden will be joining the picket lines with united auto worker strikeers in michigan today, the white house claims that bidens visit has nothing to do with former President Trump who had already planned to go tomorrow. Hell be meeting the strikers in detroit tomorrow. Joining me is michigan congressman, john james. Hes a member of the transportation and Foreign Affairs committees. Congressman, thanks very much for being here. I know you recently met with uaw strikers yourself and you brought them breakfast. Tell us about that. And your thought on bidens trip, coincidentally, the day before trump is going to visit. Coincidentally. Beijing biden doesnt care about uaw auto workers. Beijing biden cares about his Climate Change, leftist Green New Deal agenda. When he comes down in advance of President Trumps trip because hes terrified of being upstaged he needs to justify why the penalties that his administration is going to level on Automotive Companies would crater these union folks bonuses. He needs to tell these folks the epa penalties and the nhtsa penalties that are coming down that would cost billions, that the profitability of these Auto Companies that go into these bonuses, how thats not going to affect them when it comes to christmas time. He needs to justify t