Everyone. Thank you so much for joining us this morning. I am Maria Bartiromo it is wednesday the eighth, your top stories 6 00 a. M. On the east coast. Breaking news antiisrael protests resume this morning at George WashingtonUniversity Last night they turned violent after officers started tearing down the campuses encampment arresting 35 protesters, we have updates this morning as they come in we will report as its happening. President trump on trial, Stormy Daniels back on the stand tomorrow for a second day after day of testimony when she detailed the sexual encounters she claims to have had with trump, salacious details meant to embarrass the 45th president as the judge denies trumps request for a mistrial. New polls show American Voters continue to support trump come november. All the details coming up. Markets are mixed, fractional moves across the board take a look at futures indicated a mixed opening as we look ahead to more earnings, the dow industrial six, the nasdaq and 14 we have who were coming out with their needs before the opening bell yesterday markets were mostly higher the dow close enough for a fifth session for the winning streak of 2024 the s p 500 on the longest winning streak since march but the nasdaq lower than the first decline in four days european markets trading like this take a look at the eurozone as the markets are higher across the board, s p 145, the cac 40 up 69 in jackson index higher by 92. In asian markets finished like this, south korea the one bright spot a third of 8 the worst performer japan the average are wood into thirds present. Joining the conversation poster and president of maslansky and partners the carter bullseye annuity Fund Portfolio manager adam johnson is here and former nypd inspector Fox News Contributor and lawyer paul mauro is here mornings with maria is live right now. Is time for the hot topic of the hour Stormy Daniels on the stand tomorrow morning and former President Trump hussman a trial after they denied the lawyers request for a mistrial, daniels contradicting during the testimony yesterday admitting she hates trump the judge warning she gave the relevant details that have nothing to do with his Business Records he is a former president yesterday after all of that. This is a very big day very revealing day the case is totally falling apart and advancing our books and records and something that should be little relationship to the case all for the soros back to you, its a disaster. Maria quite the testimony, your reaction. We noticed there is everything coming into this case except stuff that would prove what is charged and furthermore were not clear on what is charged because of the mysterious second charge that bump this to a felony has not been elucidated this looks to me more like donald trump revenge than a criminal case and what were going to see now are number of procedural things at the end of the prosecution case a motion to dismiss the judge will deny that and were given to other procedural things that you matter the judge if he doesnt hear an actual crime can issue a directed verdict which says jury irrelevant they didnt approve a crime or demonstrated crime but its also going to be a battle and this is where were going theres going to be a battle over the jury instructions and this is really important because one of the things that the judge has said hes going to clean this up later. He literally said a lot of that you probably shouldnt of heard all clean it up later ill unring the bell both sides get to fight over what direction the judge gives to the jury that will be a crucial moment in the trial. Maria some of the details were salacious is this an opportunity for the prosecution to basically embarrassed trump and paint a picture of a guy who had an encounter with the woman and tried to money him up. I dont see the connection to Business Records. That started with mcdougall she is completely irrelevant with the charges, the entries that are in play happened in 2017, their arguing that he conspired to influence an election regarding an election here early one. If a most egregious aspect despite the salacious stuff, the things that mattered is implication that somebody approached her in the parking lot 2011 a body man an attempt to intimidate her and yet no necessity from the prosecution side to tie the person directly to donald trump and talk about a damaging but unsupported allegation the idea that you have an image of the dead of night that shouldve been in its what are the things that really dirties this case out, not against donald trump of the crop under prosecution. Maria let me get your take the poll finds 44 of registered voters do not believe trumps trial has been fair, to date they see whats going on and thats why he keeps winning in the polls. I think its fascinating to think that 44 of americans dont think this is a fair proceeding and when you look at the polling on how people see the whole system of justice playing out more than seven in ten americans say the system seems rigged and thats playing into the favor of donald trump in the more outrageous again obligations of further away from the actual case and the better it is for truck. It all seems this is so unfair and theyre out to get him and ultimately its going to rally his base even more. Lee made the points unfair i would add to that and completely unfounded. I generally think of myself as a reasonably intelligent guy i come on with mornings with maria but i keep trying to figure out the crime and im at a loss the great Alan Dershowitz friend of the show says theres no there there lets face it cheating on your wife probably not a good idea covering it up another bad idea but is it effectively illegal to have a nondisclosure agreement, no i cannot find that there there. Thats exactly right thats what we hear where is the crime were trying to understand what the prosecution is talking about but we are just Getting Started will slip in a short break we are watching reddit the stock is soaring at 15 after the Company Reported strong growth with losses tied to the ipo mahoney asset ceo ken mahoney is there waiting on the you are watching mornings with maria live on fox business if your Business Needs a new application then developers will have to write code. A lot of code. If an application needs to be modernized then youll need time, resources. And caffeine. If this sounds daunting then use watsonx code assistant ai designed to multiply developer productivity so you can generate code quickly. Lets create a more modern foundation for business, with watsonx code assistant. Ibm. Lets create. Maria welcome back. Take a look at reddit shares one of the highlights of the morning stock is up 15 despite a 575 million quarterly loss following the march ipo the company did report a drop in revenue 48 higher in revenue also reported a jump in users and add revenue mahoney asset managing ken mahoney thank you for being here. The company is citing expenses from the ipo for the loss of 575 million but Strong Revenue and user increases has a stock up strong, your thoughts. I go by supply and demand so the stock is up in the market likes it even though the numbers may have not been there but you think about facebook and other ipos and comparing reddit to facebook or meta but there in that category yet but early on making an investment for the pivoting and trying to find the market coming into the ipo i think theyll be fine but if they accumulate another quarter i dont think it will be so easy going its fine where they are but were going to have to tweak the numbers ensure wall street delivering. Maria how would you assess earnings overall . I like them the big one is an nvidia thats coming up in a couple weeks when you look at everything it was big tech for the most part that pulled it out meta the netflix we had a hit and a mrs. And meta said Something Interesting there making a Huge Investment tens of billions of dollars going into increasing infrastructure it and so forth but the investment return is going to be down the road and investors want to think spend 20 billion and we recruit clients wedding entered two months thats a good reality check, a. I. Is here as i could be multiple quarters is going to be multiple years but at the same token we were to go with the picks and shovels the endusers was apparent you dont make the money so quickly, its good to lower expectations on 10 million in next month 10 million comes into the bottom line it doesnt work like that. Maria nvidia is the one to watch thats going to be a market mover would you buy nvidia going into the earnings report. Read a good position if we could own it we would. I hear all the time nvidia being too expensive because a high price tag but you know its expensive nike a couple of weeks ago they reported the future pe is 35 the same as nvidia is going your 12 back 2 Topline Revenue for the same forward pe which nvidia has the forward pe of the ten year average i think nvidia has a lot of upside and is priced for perfection but again the ceo said were in the second or third inning of the cycle so we have a lot more runway so were excited about nvidia and we hope the numbers come in good and i think they will. Maria i want to get your take our investors looking or paying attention to the trump trial because yesterday i spoke with Kevin Hassett the former chairman of the Economic Council the white house and he made a compelling point. He said if we were to see donald trump and handcuffs go to jail because of the gag order watch the market selloff and bond yield surge whose get about a treasury bond from a Banana Republic here is Kevin Hassett with me yesterday. The big risk for something or never seen if you look at the case in new york the judges being so undemocratic on constitutional and the rulings against President Trump it looks like a conspiracy to put them in jail and a President Trump is in chains going to Rikers Island then would you want to buy the u. S. Treasury the next day the thing that i worried about shortterm risk for the economy the democrats are serious and if they succeed imagine we become a Banana Republic when they take them to rikers and i can imagine what happens to treasury market saturday. Maria do you agree with that . Were aiming towards a Banana Republic the headlines of whats happening Columbia University and the different colleges there quite frankly i dont know if the market will selloff most investors know pretty sophisticated this is definitely a show to demoralize trump and make them look bad is not about winning the case its to smear his face and mud because the other side has nothing to offer bidenomics has been a mess one lie after another lie. I understand his point of view i dont think the market can do so sharply if he goes to jail. I dont think its a market of as a social event to try into. Maria were watching the fed Federal Reserve president said yesterday its likely the central bank will keep rates for an extended period of time until officials are certain its on track to the 2 target are you expecting any rate cuts . Were okay with hire for longer, be careful what you wish for they cut rates with Economic Activity slowing down the probably have is the fiscal side of things a trillion here a trillion there and we know the Federal Reserve does not have the tools and the arrows to fight this and janet yellen knows that so the real mess that no one wants to address his outofcontrol spending half a trillion for canceled debt and half a trillion of immigration we just dont have it. At the end of the day higher rates for longer and if the classic example economics oneonone two much money chasing too few goods and services and thats what we have right now. Maria thats what we see inflation stay elevated and you expect that to continue how you want to allocate capital. We like big tech anything around a. I. One of my colleagues hooks up all the computers gpu and he said this is corporations going from the foot flow into the smartphone and my lightbulb what off we did this in the 1990s were part of it in the naked eye we can understand whats happening but the analogy on the flip phone to a smart phone for the companys all the new Technology Faster into all these type of things its incredible. Maria its a good analysis, good to see you. Ken mahoney. Your morning mover is left take a look at the stock as we await uber earnings, lifted up six inventor present shares of the app climbing after double beat on firstquarter earnings and revenue profit up 28 to 1. 3 billion lift logging 188 million rights during the quarter at 22 from last year the Company Forecast higher than gross perky and triplicates to the Second Quarter as well to even by High Consumer demand and benefits from new user and driver futures the stock is done well up 105 the last year will get over earnings later this hour and will bring those to you. When we come back judge cannon President Trumps classified documents case over potentially the fbi tampering with documents house judiciary jim jordan investigating we have that coming out wisconsin under congressman Scott Fitzgerald is here after the break back in a moment. What does a good Investment Opportunity look like . At t. Rowe price we let curiosity light the way. 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Maria welcome back judge aileen cannon posted the classified documents case. This child was supposed to begin on may 20 now its unclear when it will start and the decision comes after special counsel jack smith and federal prosecutors at the fbi admitted in a court filing that documents were tampered with laceys documents dinner maralago grade and no longer in their original order and secrets trumps legal team says smith team failed to preserve Critical Evidence of the Case House Judiciary Committee jim jordan investigating whether evidence was altered or manipulated accuracies by the fbi i talked with the subject or National IntelligenceJohn Ratcliffe on sunday morning futures. Watch. To the fbi tamper with the. The famous photograph that we learned in the government with jack smith and his prosecutors have had to admit, that was staged in the topsecret classified sheets listed on my god look at the topsecret documents those replaced by the fbi and what jack smith admitted in court in his words they mishandled the classified documents and misrepresented those to the court that the kind way of saying we tampered with evidence of this reeks of crossfire hurricane when bob beau biden fabricated evidence before the fisa court and lied to the court about it to pursue donald trump. Maria joining me now wisconsin congressman Scott Fitzgerald member of the hos house judicia. When we arrived in d. C. Monday afternoon chairman jordan briefed the committee on basically as it was laid out by ratcliffe it is evidence tampering and certainly has prompted a letter that came directly from the chairman to once again lay out the case of this entire thing has really been compromised. What youre looking at is the entire thing being delayed beyond the election which is a huge victory for President Trump at this point. Maria i dont understand, they laid everything out the way they wanted to lay it out and took the pictures leak them and send them over the internet and then tampered with it. If you talk to staff who have been Digging Deeper into this right now a lot of what was presented was obviously staged and its unbelievable they would go to that length and if you think about the full radon maralago its unbelievable what is happened now that we understand the facts. Maria it really is a house judiciary plated to markup of resolution to hold attorney general Merrick Garland and contempt of congress for refusing to hand over audio of the special counsel robert hurs interview with President Biden, you and your colleagues have said these recordings are crucial for the impeachment inquiry but the d. O. J. Says