Maria good friday morning everyone. Thank you so much for joining us is morning. I am Maria Bartiromo friday may 10. Your top stories right now, 6 0. Markets capping off the week in the green, investors are looking ahead to next weeks key Economic Data with a buy, the dow industrial off 118, the nasdaq up 87 and s p 500 higher by 20 points of ahead of the april cpi out next week april ppi bird enterprise indexing Consumer Price index next week, we have the preview right here today, the Federal Reserve stands on rate cuts this year, european markets are also higher, take a look at the eurozone as we see the s p 169, cac 4065 index higher by 127. In asia overnight green across the board, the best performer hong kong, hang seng up to a third , back at home President Biden facing a new impeachment threat in the house after saying that he will hold back already congressionally approved weapons to israel. We are talking about it, the impact, highstakes drama during President Trumps new york city has many trial as prosecutors change strategy after adult actress Stormy Daniels performance on the stand, joining the conversation to lonski Group Founder john lonski, republican strategist Jonathan Madison and Cheryl Casone. Mornings with maria is live right now. Maria time for the hot topic of hour, president tr hush money tl date 15, denying trumps request for a mistrial and a modification of his gag order, that was denied as well trumps team claiming he should be able to defend himself against Stormy Daniels solution in prejudicial testimony, trump blasting the judge yesterday again. This judge, what he did and his ruling was a disgrace, he is a corrupt judge and totally conflicted and i have to get back into the campaign trail, im not supposed to be here, were so innocent theres never been anything like it, every single legal analyst, im innocent and i being held in this court with a corrupt judge whos totally conflicted, take a look at this conflict is a disgrace to the city of new york, to the state of new york into the country. Maria during testimony, daniels claiming part of the reason that she entered a nondisclosure agreement was for her own safety but she was happy to take the money as an added bonus, she also said that shes made money off of this story throughout, prosecutors say that they will no longer call former playboy model Carol Mcdougall as a witness, Jonathan Madison, welcome, your reaction. I tell you exactly what the prosecution is no longer going to call mcdougall, i appeared in court about three days out of the week is my profession and i took my son to the circus a month and a half ago and thats resembled far more of the la latter, Stormy Daniels is talking about how her boyfriend thought she was too arranged, shes talking about how she used to communicate with dead people for a fee and out of that was adjusted for inflation, these things have absolutely nothing to do with falsification of Business Records and heres the risk to the prosecution, the risk is as we learned from Harvey Weinstein if you allow all of these other bad acts that had nothing to do with the church itself, the whole case is right for appeal so we learned the court of appeal overturned the Harvey Weinstein case, the prosecution made a unilateral call to say stop all further testimony in this direction, this is dangerous for the prosecution. Maria thats a very good point the other point the critics of this are making that theres a bit of coordination underway with the former director of National IntelligenceJohn Ratcliffe who pointed out that some of the das whether its fani willis or Letitia James or michael who used to work the d. O. J. They had meetings with the white House Counsel before trying to take down trump, watch this. This Lawsuit Campaign is the most unlawful and unconstitutional political persecution and instance of election interference that hopefully any of us will see in our lifetime if theres not one, not two, but for criminal indictments all brought by democratic prosecutors and blue states or blue counties or by his opponents the part of justice, its absolutely out of bounds and out of coordinated but is also failing. Coordination, what do you think. Lets remind your viewers once again the alvin bragg ran for manhattan da that he was getting doctor donald trump into other jurisdictions denied, number one, number two hes had three weeks and is still not gotten any closer to proving his case then he was three weeks ago at the start of this this is been a waste of time Stormy Daniels was salacious and had nothing to do with jonathans point which is financial crimes and the falsification of business ended second tragedy has to prove of the election interference. He hasnt even touched any of that and the star witnesses Michael Cohen and were supposed to believe Michael Cohens testimony would is already been to jail, Michael Cohen already went to jail and serve time and were supposed to believe him, he is over his keys and this is all going to come up and appeal if the former president is convicted. Maria i think there is another goal and thats to muddy up President Trump, put in as much salacious data and information so people sour on President Trump at the Public Opinion and i think thats also part of this to muddy up his name then theres Hilary Clinton here she is again former secretary of state fuming over trumps trials being delayed out of the november election warning voters that might not be informed, watch this. Justice delayed is justice denied and the people in our country it looks as though will most likely go to vote without knowing the outcome of the other very serious trials and the one that is going on now currently in new york is about election interference and its about trying to prevent the people of our country from having relevant information that may have influenced how they couldve voted in 2016 or whether they wouldve voted. How rich is that after this from the woman that came up with the russian collusion narrative and pushed it through the fbi and the cia. Is so hypocritical, ill tell you the average american looks at the trials as being politically motivated and youre on a very dangerous path when you begin to politicize justice, that is dangerous, that is scary and it reminds us of the Banana Republic in east germany and so on. Were to talk about that Kevin Hassett had something really interesting to say about that how investors might view the Banana Republic. We will get to that were just Getting Started will slip in a short break a big week of Economic Data its all in on cpi and ppi thats what investors are waiting for, the april numbers are out on wednesday one Federal Reserve president s as restrictive rates need more time to work Institutional Services director is here when we come back, youre watching mornings with maria live on fox business. Stay with us. Daughter hey, dad. Dad hey, sweetheart. 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Golds portfolio of worldclass assets are creating American Growth and homegrown Strategic Metals as the us moves towards an electrified future. U. S. Gold corp. Maria welcome back take a look at treasury yields the tenure is flat at 4. 45 right now San FranciscoFederal Reserve president mary daly signaled the Interest Rates need more time saying we are restrictive but it might take more time to bring inflation down, considerable uncertainty about what the next few months of inflation will be and what we should do in response, joining me tj Institutional Services director, great to see you thank you so much for being here, here what she is saying about inflation that makes next week cpi number that much more important what you expected from the cpi next wednesday. The reason is huge weve been waiting for the economic picture to deteriorate and over the last month we got 1. 6 gdp in the labor data in the last year came off poorly unless you think second and third productive fulltime jobs, now they have the economy that is actually falling in the Government Spending like drunken sailors, but theres one other thing thats not talked about very much that is the confidence in our treasury to fund the government the last seven or eight options five of them have gone poorly. To underscore what im talking about two weeks ago the fed actually eased a lot of people say its not in ease, the cutback the quantitative of 35 billion to 25 billion that has to be a signal of the treasury. Maria use a three and half is a new 2 , what does that mean. It means the whole investment thesis could be shifting were at a 30 year period of lower Interest Rates and deflationary. Growth was the way to be and that was evidenced by the nasdaq in the top ten nasdaq stocks carrying a heavy load for so long now were going to. With 30 to half is the new normal and its going to be assets to do better and we could be at the beginning of a huge shift of the best things over the next year and over the next 20 years. I started switching everyone owns all those big tech stocks. Im not suggesting but now gold, copper, silver even bitcoin are places to be instead of those, the fed is in a pickle and i think theyre leaning toward easing even though inflation is strong in the gold market in the silver market are telling you the same thing. You say looking ahead to november inflation is not going away regardless of who wins the selection, and a Trump Presidency we may avoid stag inflation and i will usher in a business friendly climate in terms of the two different policies. Theres no question about it if you look at the biden presidency over the last year supply is going higher not lower underscoring how much money theyre spending, at the same time heavy regulation of presidency and administration the Trip Administration you shown in the past and he likes to spend a lot of money, this is conversations i had in 2017 through 19 were racking up debt didnt seemed like any reason to. I hope he is a different attitude and wants to cut back spending and really rain and inflation but i have a high confidence level than. Maria james i dont know if wall street or investors are paid attention to this trial in manhattan right now in terms of President Trump, but i spoke with the former chairman of the council of economic advisors Kevin Hassett this week, he had an interesting perspective on what would happen to treasury yields if in fact the market watched trump in handcuffs going to jail over this gag order. Watches. If you look at the case of new york the judges so and democratic and unconstitutional because President Trump it looks like theres a conspiracy put in jail to put behind bars in a President Trump is in chains going to rikers island, would you want to buy the u. S. Treasury the next day and the thing im worried about shortterm rates for the economy the democrats are serious about the lawsuit and if they succeed imagine we become a Banana Republic the moment they take them to rikers and i can imagine what happens to treasury market sunday. Maria is not an issue, what do you think. Is an issue but this much of an issue the world needs are get at the moment and thats a reflection the other Central Banks are doing more ridiculous true chips of the currency than we are. They still need our treasuries. I like what he saying we have to worry for decades how some people would rather invest in india then china based on the rule of law that we understand a lot more if the rule of law from this country as a 80 there just with the progression of legal battles that trumpets had to deal with. At this point in time it might sound really weird and i want to see him in handcuffs just so people could see how ridiculous this looks in real time this is a level of fascism and Banana Republic stuff and i dont understand how anybody can see that its not political. Maria were watching markets anticipate inflation because we had three straight months of elevated levels and i recognize its come down from the 9. 1 to 40 year highs. In an interview this week joe biden claimed hes done so much to take inflation down and you said inflation was at 9 when he walked into the office, which is not true. No president has had the run in terms of creating jobs in inflation, it was 9 when it came to office, look at the Michigan Survey for 65 of American People think theyre in good shape economically and the strongest economy in the world. Let me be clear when joe biden walked into the oval office, the cpi was at 1. 4 , you know this 1. 4 is when he started and it went up to 9. 1 because of all of the reckless spending and even though it is back down you are still talking about inflation of 19 on bidens watch, how much higher will ago or are you expecting its actually common. Im expecting the 3 range, doesnt seemed like decades ago politicians were not trustworthy would try to pick something that was true that they can take out of context to make it seemed like they do it a good job, this underscores theres not much in the bidenomics plan so they have to lie about things. He said he gives bidenomics and f annette also anyone else would he do that. Maria by the way couple that with growth which has come down to 1. 6 . James comer we see the backdrop, how do you want to allocate capital in the backdrop, you see the will to walk away from hightech, big tech, what he wanted you. I want to nudge away from big tech i made some moves in there but i think things like copper is doing well, oil, all the nonsense from oil with the technology that doesnt exist, oil is coming back in its coming back huge and were pumping record numbers and is probably reflective of policies 5 7 years ago and no exploration or drilling in some of these are very old, i think oil is a great place to be, gold is a noconfidence vote in stewardship of our currency and i think thats the appropriate vote copper, silver, im moving more towards those things. It to see you this morning, thank you so much. We will catch up soon. James james iuorio joining us. A life picture of the university of pennsylvania, we are more protests underway at ten night now and this is life picture and the police are on the scene interesting happening at the university of pennsylvania. After protests were underway in philly at the university of pennsylvania. Working to take a short break and come back, these investor happening as we speak a life picture right here at the university of pennsylvania as these protests continue across the country on College Campuses, protesting you penns relationship with israel and demand either making demands of change in the relationship. Well take a break, President Biden faces a new impeachment two and the house after he said hes going to hold back the congressionally approved weapons to israel, michigan congressman john james is here with reaction you are watching mornings with maria, live on fox business. luke this will be a gold mine of local intel. Just you wait. marci right. So, tell us about this corn festival . stylist 1 oooh you got your corn pudding. You got your corn chowder. marci so. Is it safe around here . stylist 2 sometimes. luke if a family of eight were to need a cold plunge, where would they find it . stylist 1 . And then they dip it in butter, then bam, it goes right in. stylist 2 . Really cute vampire bar. stylist 1 the reverend does like a blessing on the corn. luke donut shops. How far from here . marci no eyebrows . luke think of how light itll feel in the summer. Weve got to run. Eleven thousand more neighborhoods to go vo ding dong homesdotcom. jennifer the reason w