Transcripts For FBC Mornings 20240704 : vimarsana.com

FBC Mornings July 4, 2024

Im maria bartiromo. It is monday, march 18, your top stories, 6 00 a. M. On the east coast. Of day markets beginning a new week, take a look, futures indicating some losses for the dow industrials, lower by 7 points. Nasdaq is on fire once again, futures indicating a triple digit rally for the nasdaq, up 117 points right now ahead of the Federal Reserves march meeting that begins tomorrow morning. Were previewing where the central bank stands on rate cuts happening later this year. European markets in the green, the bank of england meeting this week as well as the bank of japan. Well have all of those results for you coming up. Best performer in europe, germany is up 68. Asia, green p green across the. Nikkei average up 2 and two of thirds percent on the session. Also, Hunter Bidens former Business Partners will testify in an open forum this wednesday despite hunter biden saying he will not show up as House Oversight Committee Chairman james comer tells me criminal referrals are coming in the buy dan family influence peddling probe. Joining us this morning, collins is here and liz peek. Mornings with maria is live right now. Maria time for the hot topic of the hour. Former President Trump holding a rally in ohio on saturday, saying President Bidens Climate Change agenda is driving the auto business into bankruptcy and it will result in a blood bath of lost jobs in the industry if he doesnt win the election. Watch. Were going to put a 100 tariff on every single car that comes across the line. And youre not going to be able to sell those cars. If i get elected. Now, if i dont get elected its going to the be a blood bath for the thats going to be the least of the it. Its going to be a blood bath had for the country. Maria the Mainstream Media erupting, taking his remarks out of context. Look at these headlines, claiming hes inciting political violence, rather than painting the full picture, that his comments was referring to the economy and the auto business. The biden, Harris Campaign slammed trump, writing this, this is who donald trump is, a loser who gets beaten by over 7 mill i dont know votes and instead of appealing to a wider p mainstream audience doubles down on threats of political violence, he wants another january 6. Thats exactly the narrative buy den wants to push out. Liz peek, your reaction, as by the way, were getting new information about january 6 as wellnd how they censored information and potentially destroyed evidence. Your reaction . First of all, maria, i think the Mainstream Media has basically abandoned any pretense of treating candidates fairly, treating the republican fairly, et cetera. Their mission is to stop trump at all costs. Unfortunately n can be very influential in that. Its discouraging that they lie about what hes talking about ands why. The policies of joe biden have failed on every front. Donald trump comes to this election ahead in the polls for one reason and one reason only. Americans are worse off than they were under donald trump and they know that w so no amount of twisting words and repeating inacconsider he sighs, et cetera, inaccuracies, is going to change that. Democrats are losing the election because of policies. Theyre going to theyre trying to put donald trump in jail. They will literally stop at nothing. Its a horror show. I dont know how to recommend people try and get around this, this barrage of misinformation. Yes, misinformation thats coming from the liberal media. Everyone has to try to ignore these headlines that are so inflammatory a and actually read with what happened and what he said. Maria why are they doing this . Were all feeling the same thing as citizens. We all know that inflation has eateaten into our paychecks, 40 year high inflation was the result of excessive spending from the Biden Administration and the democrats, we know how weak he is on foreign policy. Thats why our adversaries are on the march. Why are they doing this . They think they have a win withing hand, maria. When you put together academia, hollywood, media, social media, et cetera, that is a lot of fire power to convince americans that they dont see what theyre actually seeing. That they dont go to the Grocery Store and pay 20 of more of everything they want to buy. I mean, its an incredible undermining of confidence and by the way, polling Shows Americans have almost no confidence left in our media. This is not a healthy or good situation. Maria well, doug, i think i have have one reason why. Because donald trump threatens their power. It threatens the grip on power because it threatens the democrat leadership. He doesnt care about walking in therend a exposing all of their wrong doing, exposing the corruption that is in plain sight as well. And if they get out of the the leadership in washington is exposed, the mead why that gets their direction from them is of also exposed. I agree with you. I think the media is sort of looking at this, saying okay, well, we had what they believe was a great state of the union, they got no political bump out of it, the polls show it was flat, maybe backfired a little bit. If you read any of the morning newsletters that come you out of washington, d. C. They you adopted the language of the Biden Administration. I think the media goes back to 2016 and feels like they took donald trump too lightly in 2016 and they always just thought Hillary Clinton was going to be elected and so now instead of letting and sort of theyre going to go directly after him. As liz said, putting out misinformation, twisting speeches and trying to show him a as a person who is dangerous to america. Remember, i talked about this before, this is a 2016 election which democrats are talking about big things, destroying america, terrible to come if you elect donald trump, no specifics while donald trump is talking about immigration, economy, and whats happening in america. This is going to come down to this and the medias scared to death. Maria youre right. Were just getting started. Missouri attorney general Andrew Bailey is here on his new court order which blocks President Biden from diverting any money away from building the border wall. Thats coming up later this hour. First, the Federal Reserves march meeting begins tomorrow morning and were gue getting a better picture on where the fed sands on cutting Interest Rates. Well preview that when we come back. Youre watching mornings with maria live on fox business. Next. Next. Stop. We got it . 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We want to take a look at markets ahead of the fed meeting. Take a look at Interest Rates, 10 year treasury yield is at a level of 4. 31 . It has been moving up as the Federal Reserve kicks off its two day meeting tomorrow morning, the fed is widely expected to keep Interest Rates unchanged. We have a march Housing Market index today at 10 00 a. M. Eastern followed by Housing Starts and Building Permits tomorrow, existing home sales on thursday. Joining us now, chief investment officer, Peter Anderson. Thank you for being here. What do you make of this rally underway in nasdaq and what are you expecting from the fed this week . Well, first off, im thinking the fed is of course not going to make any changes, maria, but i also think they might insert a little bit of a narrative about, hey, not so fast. Everybodys thinking that theres going to be a rate cut in the near future and i think theyre going to imply were putting on the brakes with that concept and just stand by. We have to wait and see for more data before we make any directional decision. And in terms of the nasdaq, i think its all about nvidia, super micro, the conference thats happening thats beginning today, all eyes including my own eyes will be on that because were going to be watching and listening for any little change that nvidia makes because b n nvidia is such a fo, along with super micro too. Maria i want to go back to the fed before we move on to nvidia. I think youre spot on, this whole idea that the fed is going to start cooling things down here because there has been this expectation of all these rate cuts and in the my he del of all of that we get a hotter than exacted inflation reading and after that reading the cpi and ppi came out, i spoke with jim grant, the editor of grant Interest Rate observer, always a great obse observer of niece ma. He said look, with this inflation the fed may signal its not done raising Interest Rates. Listen to jim grant with me last week on this program. Youre not expecting a cut they in rates any time soon. No. Well, they might decide that threeish is fine. Maria 3 inflation. Yes. This concern over the inflation rate. And to focus on Financial Stability as they would define it. So but, however, i think theres also a chance this year that the fed raises if they are confronted with an accelebrate rating rate of inflation. , feel they have no choice. And who is to say the 3. 2 thing couldnt go up. We have an 80 oil price, no longer 70. Maria well, thats pretty extraordinary to hear him say that and you know, lets not forget weve got oil prices which is really the bulk of the inflation picture staying elevated. Is that why the 10 years this morning is at 4. 3 . Well, i also think that people, and im glad if this is happening that people are actually saying, hey, maybe were too optimistic about how soon inflation has been killed and that the fed is going to lower rates. Maria, ive never been in that camp. For the past year andahalf i thought once the fed is done raising rates, they have to at least let this play out, let it relax a little before they make changes. I dont agree with him that the fed might move the goal post in terms of what their target inflation rate is. If they did that, that would be quite monumental in terms of their saying hey, maybe we have this wrong for the past 10 yearses. So i think what theyre going to i say is were going to be watching this and i also dont think inflation is killed yet because as you said, weve seen some really warm numbers, not hot, but warm numbers over the past week and it would be crazy for them, i think, to take any action right now because theres not enough data. Maria by the way, energy is up, crude oil right now is at 81 a barrel. Were back up to 81. Lets talk about the euphoria around nvidia and ill of these a. I. Stocks, you nvidia up again this morning, kicking off the anual a. I. Conference. The stock is at 900. It is up 2 andahalf percent be. Were looking at all time highs. Theres another chip maker thats having a better year than nvidia. You mentioned the name Super Micro Computer has quadrupled its val g value in the past yea, super micro will join the s p 500 today. Thats why the stock is up again this morning as well. Your thoughts on super micro, nvidia and you said youve got all eyes on this a. I. Conference today as well. Maria, i have been a big fan of nvidia. I bought nvidia 20 a share in. Maria oh, my god, wow. And never looked back. Back then people thought i was crazy because they hadnt heard of nvidia. Now everybody has. I want to at add this. I was driving home from an interview the other day and i you was listening to a local talk Radio Station that only covers politics and sports. And somebody called in and mentioned super micro stock to the anchor and it was so out of context. It reminded me of the old saying, when the shoe shine person actually starts talking about stocks, its time to sell. Im not saying its time to sell but that is how popular and a pervasive these stocks are. That everybody is talking about them. Of course that gives you a little bit of pause as to say is this a bubble or is it a deserved well deserved rally. I sill think its a well deserved railly but were all so careful to make sure when nvidia has this Conference Today that they do say very, very positive stuff. If they dont get very, very positive there will start leaking in a little bit of doubt and that of course can threaten the stocks. Maria bottom line, theres not a lot of room for error in any of these stock market performers, thats true. Peter, great to see you this morning, thank you, sir. Youre welcome. Maria Peter Anderson joining us. Your morning mover is alphabet, take a look at the stock in the premarket. The companys shares are higher by better than 4 . Theres reports that that appln talks to build the gemini a. I. Engine into the iphone. Ththe report says its unlikely any deal will be you announced until june, thats when apple holds the annual Worldwide Developers conference. Alphabet stock is up nearly 39 in the last year, apple is up 11 in that timeframe. Benjamin netanyahu is blasting Chuck Schumer and president President Biden over waning suppr israel. Well get into it, over the policy choices and why Chuck Schumer would attack netanyahu over his fight for survival. Back in a minute. Before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. Introducing watsonx governance. Helping you govern any ai, as data, models, and policies change, so you can scale it responsibly. Lets create ai that begins with trust, with watsonx governance. Ibm. Lets create. Only at vanguard youre more than just an investor youre an owner. That means your priorities are ours too. 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