Maria good Tuesday Morning everyone. Thank you for joining us this morning. I am Maria Bartiromo tuesday ma, 6 00 a. M. On the east coast. The inflation unfolding, futures indicated again at the start of trading ahead of the april Producer Price at 8 30 a. M. Eastern we have all hands on deck coming up, dow industrial lower by 28, the nasdaq is up for an s p 500 higher by one a mixed market this morning as we await the ppi today and also keep retail earnings with the strength of the consumer, home depot out in moments, walmart out this thursday with the preview coming up, the stocks are mixed commodities look like this, oil, gold, copper and this morning as you can see we have another move higher and gold 870 in the price of copper is up again a big rally up 1. 5 , brents, crude oil both flat down fractionally european markets are mixed take a look at the eurozone the s p 100 in london by ten the cat cried in paris down by four index index lower by 40 points. In asia mixed fractional moves across the board in the asian market the biggest mover was japan the nikkei average up one half trumps former lawyer Michael Cohen back on the stand in the manhattan courtroom after justifying he secretly recorded the 45th president in the runup to the 2016 election attorney general Steve Marshall was in the courtroom and he will tell me what was said and what outreach to him about the proceeding. New poll show battleground states as trump is gaining the star ground with key voting blocs we have all that coming up, joining the conversation poster the president of maslansky and partners lee Carter Michael lee strategy Founder Michael lee and Cheryl Casone. Mornings with maria is live right now. Maria home depot earnings, we kick it off hitting the tape and the stock is on the move, Cheryl Casone with the numbers. Is moving lower because they forecasted that sales will be down 1 they ran from the guidance and samestore sales loss for the u. S. And global sales stock has jumped higher it was lower going into this and we saw drop initially 363 is earning per share the street was looking for 360 that to be on earningspershare but they missed on revenue came in at 36point to billion in the street was looking for 36. 6 billion it is about samestore sales and the estimate was going to drop twopoint to percent they actually dropped 2. 8 that was more than expected 3. 2 drop for samestore sales in the United States and the guidance for the year you would say that is a good thing but the guidance says will be gone 1 tickets are down, transactions were down but this is not a surprise because of the Real Estate Market and home sales people are doing the doityourself projects and thats who home depot needs, then try to get roofers and landscapers to sign on and come into their stores but so far that is not played out. Maria the stock going back and forth now negative a quarter of 8 the hot topic of hour today for a President Trump and tuesday 17 of his socalled hush money trial with the former attorney Michael Cohen on the stand yesterday he testified he secretly recorded truck leading up to the 2016 election regarding a payment to the inquire david packer he also admitted he paid adult film actor Stormy Daniels 100,000 out of his own pocket using a Home Equity Loan to avoid angering his wife that trump wanted to bury the story until after the election. Your reaction lee carter. When you look at everything the republicans look at it one way and democrats in an entirely different way democrats say the testimony was actually Michael Cohen is really valid witness in renew look at the polling is energizing Donald Trump Space you have nearly 72 of americans saying theres a twotier system of justice they dont think this is fair and half of americans think this is politically motivated. The more this goes on the more questions people have and the more benefits donald trump. When you see the enthusiasm and you look at his rally in new jersey over the weekend you see people are excited to support him and overall they need to fight against the unfairness and support donald trump, he is seen as a victim much more than anything else and i think its backfiring on democrats they dont understand how the majority of americans are viewing. Maria every time we speak with legal experts say they cant find the crime theyre waiting to figure what specifically was criminal, President Trump lasting judgment sean as conflicted after the first day of testimony the whole world is laughing at the weapons legal system, watch this. They can be here for three to half or four weeks instead of campaigning and we have the best poll numbers out of the New York Times alvin bragg has no and 40 to enforce the law they were not Campaign Expenditures under federal law thats why the d. O. J. Have exclusive authority for federal law and no action. We havent come to a close proving it w come close to provg it was fraud or any fraud taking place, there is no fraud here there is no crime here this is four weeks of keeping me of not campaigning. Maria it certainly is keeping them off the campaign trail, several lawmakers vowing their support for trump yesterday, watch this. We cannot have a country where you get to prosecute your political opponents instead of persuading voters. Im disappointed in looking the american citizens in the courtroom that the da comes in and acts like its a super bowl the democrats are trying to be President Trump in the jury box because they cant beat them at the ballot box. The people of new york know this is a sham trial and its outrageous this is how alvin bragg is choosing to use new yorkers tax dollars. Maria former president ial candidate Vivek Ramaswamy soso joined trump in court he hears the best proof of the trump trial is a sham if djt had done the exact opposite of the alleged crime they would still be prosecuting them and have a stronger case, mike, what do you say. Maria, where is the crime, how can this possibly be fair to donald trump to be tried in new york city where the voter poll is 80 something against him we did not try the World Trade Center bombers in new york city you cannot get a clean jury poll and gag orders are designed to protect the defendant not corrupt judges or prosecutors and witnesses that have shaky credibility to say the least. Maria unbelievable water, it we didnt try the 9 11 offender thats incredible you are spot on. Were just getting started. What should the inflation story unfold. April Producer Price index is out in two hours 8 30 a. M. Eastern we have the preview coming up and tomorrow cpi that is the story that everybodys talking about after three hot months will talk with gina bolvin and caught an ally the stunning and brazen claim in jen psakis new book causing the retraction we have got it youre watching mornings with maria live on fox business. Well be right back. marci so, how long have you lived here . opponent over forty years. marci and how are the restaurants around here . Are they good, bad, meh . Whats the average Household Income . Is there a mall . I dont know. A hair salon . Where do you get your hair done . opponent you gonna move, or what . marci oh, im sorry. Its a lovely neighborhood. luke marci, weve gotta go. marci im coming luke weve got seventeen thousand more parks to visit. marci you wanna give me a hand . luke we bring you the best neighborhood info. vo ding dong homesdotcom. traffic noises the road to opportunity. Is often the road overlooked. 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Com hire maria welcome back take a look at commodities copper is trading up on a rally four weeks the price at 484 that is up 1. 5 after climbing to a twoyear high the Biden Administration says it looks to invest in the top copper mines to keep Global Supply out of chinas control oil is pulling back this morning it was up on signs of improving demand coming out of china and potential supply disruption in candida as a result of the wildfire, cruise at 79. 10 a barrel down a fraction journeyman out gina bolvin, great to see you what do you think is behind the big moving commodities. I think it could be a play on a. I. There is a lot of Equipment Manufacturing as part of copper and why copper is up 9 in the past month but we like the play on the infrastructure and industrial better than the commodities and we see opportunity in the area. Maria would you buy the actual commodity or the companies doing the mining, the wall street journal with the story on copper why the world has gone cuckoo for copper is the title of the story say the u. S. And china are competing for the metal essential of electric vehicles and data centers at the center of the 43 billion takeover battle we spoke with the chairman and ceo of chevron the other day who talked about the centers and what the data centers increasing data center for a whole host of commodities copper included. The last time i was on we talked about a. I. Analysis could be good for so many sectors of the market and i think commodities is one of them thats what i think is going on. Maria its a big week for inflation data we have the Producer Price index academys expected price to be a pretense of 8 month for month and 2 yearoveryear the big event happens tomorrow with the Consumer Price index after three hot months of inflation on the consumer january, february and march and retail sales out tomorrow and this morning home depot, your thoughts on the macro story with ppi this morning and ppi tomorrow. Its a big weekend we have jay powell speaking today as well. We had three months back to back of harder than expected inflation and today is one month reading morgan have to wait and see whats going happen over the next three months on inflation but i think if inflation comes in as expected in the ppi and cpi this week i think the market will like on rally on the news but were starting to sink this inflationary news in terms of the job market that we see loosening in job gains low to 175,000 last month from march is over 300,000, wage gains slowing and initial claims are eightmonth ties so we see decent inflationary data and that should help the inflation picture but its going to take some more time. Maria whatever we get somewhere with the cpi that is going to inform the market in terms of where the fed is in terms of rate cuts or no rate cuts this year. In particular where we see the disinflation that gina is mentioning i spoke with an analyst who said the same thing to me that you get to see that inflation unstick with the two reports are working together over the next two mornings in my question is where i was told to Pay Attention to the shelter component on the cpi report on wednesday because thats were mostly the numbers start to fall are you about opinion or do you think you will fall somewhere else in the report. Thats exactly it were watching a housing because theres a lag in the government datas overseeing Companies Like redfin and realtor. Com telling us rent has come down but hasnt shown up in the cpi the reason this is so important is the largest component of cpi. Maria weve been waiting for this Steve Schwartzman toby the same thing the largest owner of commercial real estate in the world blackstone and he said rent is going down i see it but we have not seen it hasnt shown up. Where the consumer in the spotlight this week with april retail sales out this week you say we should be focused on the Luxury Goods Companies in the consumers that are spreading on luxury goods as well as restaurants, watch. Received a bifurcated consumer in the lowend consumer really struggling with inflation but yet were seen a different response from some of the luxury consumers in the retail sales report this week i would keep an eye on restaurants because this Discretionary Spending and thats the first go when Consumers Want to tighten their belt and stop spending. I think thatll be important for inflation. Maria a great point unfortunately whether eating a home or going to a restaurant the price is up of the last few years, thank you good to see you gina bolvin joining us on markets and the economy. Morning movers on the mean stocks, gamestop and Amc Entertainment up in the premarket, gamestop up 50 , amc up 55 both skyrocketing after keith gill that goes by the social media handle roaring kennedy made the first post on accents 2021 he originally played the role in the videogame gamestop with bullish comments during the peaks mean stop media in 2021, yesterday gamestop after being halted numerous times closed up 74 while amc surged up 78 . One mans moves and bullish moves census stock soaring. A new poll show President Trump commanding lead over President Biden in five key swing states were getting into it with Carlos Gimenez on what is behind the growing support for 45. Stay with us. And theyre all coming . Those who are still with us, yes. Grandpa whats this . Your wings. Light em up gentlemen, its a beautiful. Day to fly. Maria new polls by the New York TimesPhiladelphia Inquirer and Siena College fighting former President Trump beating President Biden in five key battleground states pennsylvania, michigan, georgia, arizona and nevada all states that biden one in the 2020 election, trump leads biden by 12 while biden holds a slim lead on trump and wisconsin the new Florida Chamber of commerce shows trump with a ninepoint lead on biden in florida after last month when biden claimed that florida is in play, joining me for the congressman Carlos Gimenez a member of the Home Security and select committee on china, good to see you, is florida and play. No it is not employed for biden but is certainly in play for President TrumpPresident Trump is good when florida big in november. The polls find former President Trump leading biden age 18 29 trump trails biden only three points among hispanic voters while he gets 23 of support from blacks the highest number of black of any gop president ial candidate since 1964 what do you think is behind the increasing support for President Trump. I think a number of things number one more americans are paying attention to a factor of a president ial election answering the question are you better off today than you were four years ago and they are not only answering no there answering held no were not better off today than four years ago and they see the assault on democracy in the Biden Administration is placing on former President Trump and they dont like it. The biden withholding of arms to israel even though his extreme arm of the Democrat Party and the propalestinian and the majority of americans are proisrael and finally whats happening at the border weve been suffering the crisis at the border since the first day of the Biden Administration. There are number of things that are waking up to insane were not better off and we dont want to take any more of this and thats what you see more support for President Trump. All important points, thats exactly the question we should be asking going into the selection are you better off today than you were four years ago most people would say no my life is much more expensive to wars underway the world is on fire economic policy. Its really fascinating time when you talk to americans 56 say we need systemic change on the political and Economic System level and 70 believe donald trump is the one that can do that that is across party lines americans are ready for change and they say the system is not working the way it is and to look at the way the political system is set up in the judicial system is set up and they look at the Economic System and cesar working across the board and they want to see somebody shake things up. Another thing that is fascinating 13 the people that voted for biden said they will not vote for him again because of his stance on Foreign Pol