Maria good wednesday morning, everyone. Thanks so much for joining us this morning. Im maria bartiromo. It is wednesday, april 3, your top stories right now, you 6 00 a. M. On the east coast. Today Inflation Fears gripping investors in a rough start to the Second Quarter with markets extending a two day selloff this morning as worries over spiking inflation and Higher Oil Prices set the tone. The dow industrials right now lower again, extending a selloff yesterday. The dow falling nearly 400 points yesterday on new worries had take the Federal Reserve cannot cut rates amidst persistent imflation. Opec plus is set to meet this morning after an earlier agreement to extend output cuts. Take a look at the 10 year and two year Interest Rates which are up this morning about 2 basis points apiece ahead of the weeks jobs data this week, the marmarch adp number out this morning. The jobs report on friday. Take a look at the euro zone. The ft 100 is negative, the others fractionally higher. Asia overnight, red across the board, take a look. President biden holding a phone call with xi jinping in the first connection since november as janet yellen heads back to beijing with so far little progress in taming americas number one adversary. Back at home, campaign blitz, President Trump is beating President Biden in six of seven swing states according to new wall street journal polls this morning as the 45th president hammers bidens failed border policies in michigan and wisconsin. Plus, the houses investigation of the biden family influence peddling, Oversight Committee chairman james comer will join me with his next steps when Congress Returns to wash a ton next week. Joining the conversation all morning long, Bullseye American Ingenuity Fund manager, adam johnson is here, cyber expert krysia lenzo is here and mahesh coo cook is here. Mornings with maria is live right now. When i saw her face, im a believer. Not a doubt in my mind. Im in love. Im a believer. I couldnt leave her if i tried. Maria and its time for the hot topic of the hour. Former President Trump hitting the campaign trail yesterday holding rallies in br battlegrod states of michigan and a wisconsin, highlighting the Violent Crime sweeping the country as a result of President Bidens open border policies, calling it, quote, bidens border blood bath. Watch. I stand before you today to declare that joe bidens bore blood bath, thats what it is. Its destroying our country. Its a very bad thing happening. Its going to end on the day i take office which will be january 20th. It will end. With your vote i will seal the border, i will stop the invasion. I will end the carnage, bloodshed and killing and we will crush the human traffickers. Maria and new this morning, the wall street journal poll shows trump leading biden in six of the seven swing states, thats arizona, georgia, michigan, north carolina, nevada and pennsylvania. And in wisconsin, biden and trump are tied in a head to head matchup. Krysia, your reaction . Well, with respect to the blood bath, donald trump is correct in doubling down on this term because its tragically true. We have seen what has happened at our border, innocent lives being lost at the hands of Illegal Migrants, not to mention sex trafficking, drug trafficking, Human Trafficking in general. So at every level, this is a blood bath and the fact that joe biden also used the term and it was said oh, no, just trump is the one trying to incite violence which doesnt make sense. We know the term initially when he used it in context was used with respect to the electric vehicles that would eliminate jobs but here again, hes right in using it. This is exactly what were seeing at all aspects of our border. Maria they got into it over the word blood bath had yesterday. Peter doocy grilling the administration on bidens use of the word blood bath as democrats slammed trump for using it. When donald trump is talking about a blood bath it is violent rhetoric. What was it when joe biden said in 2020 what we cant let happen is let this primary become a negative blood bath. You should read what he said in its context. Im reading the direct quote from joe biden. He was talking about a group of people. What the president was talking about during the primary was not to allow it to be the words in the primarynd that election to become negative. Two different things. Theyre not the same. [laughter] maria your reaction . Im not shocked at this point. Everything is so indicative of what joe biden is today which is a hypocrite, a liar, and were going to continue to see it were seeing a blood bath in america today, not only the economy, but the border. Were seeing fentanyl, Human Trafficking crisis across the country. 13. 7 million Illegal Immigrants are battling illegal immigration today. Were at a crisis today. The press secretary continues to lie to the American People. We know theyre lying. And its a two tiered system of justice. Democracy and Everything Else in our country. Maria had they try to play word games, adam. Yes, they do. Maria lets look at the facts. People are dying and getting murdered as a result of this wide open border. When a new York City Police officer named Jonathan Diller can be slain while hes on duty by someone who was arrested 21 times, thats a blood bath. When a beautiful Nursing Student named laken riley can be killed in georgia by an illegal venezuelan, thats a blood bath. When thousands of americans die from fentanyl coming over from china courtesy of an open border, thats a blood bath. I dont know what part of blood bath kjp and the rest of the democratic apparatus dont understand. Maria they try to use the word to use it as a sledgehammer against trump. Yes. Maria because he first used it referring to the ev vehicle situation. More of the same word games but not getting to the actual issues that are affecting the American People. Yes. And donald trump again is correct in hammering this point home because his terminology is right. And hes focusing on the policies and this is exactly what the democrats are not doing. They refuse to acknowledge what is occurring at the border and the policies because they basically have no record to run on. Donald trump has a proven record. He will affect border change day one which joe biden totally undid with his executive orders, 94 in 100 days, he undid trumps policies and were completely unsafe as a result, at the hands of the democrats were facing this blood bath had. Maria i think it was more than 90 executive orders, 91 executive orders or 94 that joe biden came into the oval office, put in place to overturn trumps security at the border. He says he Needs Congress to fix the border, right . Isnt that amazing. Maria this is an extraordinary situation. Were just gettinged this morning. President trump speaks with xi jinping for the First Time Since november discussing communication between our militaries yet again, no progress in raining in our number one reining in our number one adversary. Ill speak with senator haggerty coming up. Combating hairs ament on San Franciscos Public Transportation using just a card. Its making a buzz this morning. Youre watching mornings with maria live on fox business. Stay with us. Hes going to the distance. Hes going for speed. Shes all alone. All alone in a crowd. Personalized Financial Advice from ameriprise can do more than help you reach your goals. You can make this work. We 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. If you have wet amd, you never want to lose sight of the things you love. Some things should stand the test of time. 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Put your Business Online in minutes with the power of ai. Maria welcome back. Take a look at futures this morning, more nervousness for investorsers dow industrials down 32 after stocks fell for a second straight day yesterday. Inflation fears gripping investors right now as oil prices and Interest Rates move higher, yesterday the dow industrials were down 396 points, s p 500 down 38 and nasdaq lower by 156. Take a look at Interest Rates this morning which are rising, now at the highest level since november. The 10 year up 2 basis points at a level of 4. 36 . Federal reserve officials mary daily and l Loretta Mester callg for three more rate cuts in 2024 saying its a reasonable a expectation. We will hear if jay powell this afternoon about the Economic Outlook that could be a catalyst for the market in either direction. Joining us now is Wealth Consulting Group ceo, jimmy lee. Thank you for being here. Seems like a whole new worry has entered investors portfolio as a result of that hotter than exacted cpi last month and the rise in oil prices and Interest Rates. Your reaction . Good morning, maria. Great to see you. Well, i think the Market Selling off the last two days is a little bit of profit taking off of a very robust First Quarter of a 10 for the s p 500 and incredible rally weve had since the low in october of 2022 which a lot of investors have actually missed. Im not concerned about necessarily exactly when the first cut comes, but i do think if we can get a cut in june, that will be very bullish for the market. I think companies can then plan for being a little more aggressive for the second half of the year with their Capital Investments possibly so i hope we get a cut in june but i dont think the market will fall apart if we dont. I think investors are comfortable now in the economy, getting comfortable with higher Interest Rates, maybe staying for a little longer. Maria is this a pivotal moment, adam johnson or a buy the dip moment. Oil prices this morning, oiling is rising again, the highest level since october. Opec plus set to hold a policy meeting today after an earlier agreement to extend output cuts. This is part of the worry, adam, youve got crude oil at 85, 31. Should the fed cut rates when youve got elevated inflationary signs. Yes. Ill tell you why. Inflation has come down significantly. Cpi was 9. 1 . Its now about 3. 4 . By the way, there are four measures of inflation. Cpi is above 3. Pce is above 3. But youve got ppi and gdp price index that are actually below 2 . The feds target is 2. Two of the two measures are below 2 . I think were fixating on consumer prices. Some of the pressures are coming off. I dont think we need to be as fixated on inflation and quite frankly fed policy as we are especially with the economy thats growing, with an economy thats nearly at full employment and with an economy thats generating earnings growth. Maria jimmy, how do you see it . Im reading thomas lees note this morning, says five reasons were buying inflation fear two day dip. Do you aagree . I agree. The last time adam and i were together we talked about new highs being good for the market, potentially be getting new highs which has happened. Three quarters of the companies in the s p 500 above the moving 200. We know the russell did000 small cap stocks are moving on what happens with inflation data and investors think will happen with Interest Rates but i think investors will or should be positioned now or getting positioned now for a lower rate environment which means theres certain sectors that could do really well from here that are interest sensitive such as real estate, even utilities are having a rally, small cap stocks and longer dated bonds. I think this year will end up actually being a good year for stock and bond investors. Maria its hard to believe that chairman powell is going to turn hawkish when he okays tn hawkish he when he speaks today at 12 noon. Job openings in february rising to 8. 75 a million, above expectations. Were awaiting the march adp number this morning. Weve got the followup of the march jobs report out on friday. Economists are expecting growth, 200,000 jobs added to the economy with the Unemployment Rate 408ding steady at 3. 9 . So see youve got two catalysts, jay powell speaking today. Well see what he says. Weve got the next cpi number out next wednesday on the tenth. What are your expectations for the two catalysts, what do we hear today from powell . Lets start there. I think powell is going to say the same as what hes been saying. To me, hes very transparent. I like listening to what he has to say. I think hell talk about being data dependent but inflation is going in the right direction and so i wouldnt be too surprised even though the futures market has come down on a chance for a cut that we do get one in june. The best Case Scenario is that we get inflation data prior to that to allow the fed to cut. Not that i dont think the econn sustain the rates for longer but i think companies can plan to be more aggressive in the second half of the year if thats the case which will spur on investment and spur on the economy here in the United States. Weve got a recovery in china thats helping out a bit. I know youre talking about that a lot. But weve got from an economic standpoint i think china is proving to help out the global trade situation and the Worldwide Growth story that we potentially could get today or of this year and so i think powell in the statements will be similar to what hes been which is i think we can expect three cuts this year is what he may signal. Maria today well watch what jay powell says. Jimmy, good to see you. Thank you, sir. Your morning mover is intel, stock down better than 5 , shares of the Semiconductor Company slipping after revealing 7 billion in operating losses last year. Thats for its chip making unit. This is the first time intel disclosed revenue totals for what they commonly called the foundry business. This comes from the own operations. The stock this morning is down but its still up 35 in the last year. Quick break and then tennessee senator bill ha haggerty is her, talking about President Bidens call with xi jinping. 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And we could all unexperience this whole session. Okay, thats uncalled for. Maria President Biden speaking with chinese president xi jinping yesterday over the phone, this is the first connection since the two met in november. The two leaders discussing military to military communications, Artificial Intelligence risks and fighting climate change. The white house says biden pushed xi on tiktok. Watch this. The president reiterated our concerns about the ownership of tiktok. He made it clear to president xi this was not about a ban of the application but rather our interest in divestiture so that the National Security interests and the Data Security of the American People can be protected. Maria an Advocacy Group backed by mike pence purchase purchasing a 2 million ad a buy buy,to push the ban to a vote. Joining me now, senator bill haggerty. Thank you for being here. Do you think the tiktok bill comes to the floor in the senate. Its hard to say, its up to chuck shy y schumer whether it r not. Maria why would he not bring it. Theres trem