Transcripts For FBC Mornings With Maria Bartiromo 20160413 :

FBC Mornings With Maria Bartiromo April 13, 2016

Off the job. How will affect your own, internet and television service. Jpmorgan earnings out this morning expecting a decline in revenue. Expected to open lower ahead of the report. We report. Well bring you numbers once they get them. Futures ahead of that expecting a higher opening to the broader averages today. The Dow Jones Industrial average up 90 points. To do at the data out of china. Take a look at the shanghai composite of 1. 5 . Chinas exports grew in march. European markets rising on the news. Higher across. Higher across the board that stands between 1. 5 all the way up to 2. 5 higher. Here with me this morning on the Fox Business Network sandra smith and was close capital mike murphy. Welcome back. A campus lineup is morning. It take you to Vice President Donald Trumps son, eric trump will be with us as well as the five cohost Juan Williams and National Spokesperson ron nehring will be here. All of that straight ahead. Turning back to politics, missouris president ially republican frontrunner at a total of 755 delegates. One step closer to the magic number of 1237 delegates to secure the republican nomination. Trump continues to speak out against the primary process. Yesterday claimed in the process raked in upstate new york rally. The rnc, the Republican National committee should be ashamed of themselves for allowing this to happen. I can tell you that. They should be ashamed of themselves. Because it has nothing to do with democracy. They took the votes away from the people of colorado. People are burning up republican cards because they want to go. Youve got to see what to see would have been a myth out there. Its a thing of beauty if you want to know the truth. Maria to Republican National chairman defended the process. He spoke us in the nomination process has been known for more than a year. It is the responsibility of the campaigns to understand it. Give us all a break. Looking ahead to the primary, the Quinnipiac University poll shows to trump is holding onto a big leap with 55 of support among Republican Voters. John kasich tran by double digits with 20 of your content resides behind with 19 for new york supporter. Joining me right now as Committee Chair alex smith along with regular politics editor bob higher. Good to see you both. What is your take on the nomination process . Let me start there. In terms of the process, in terms of these delegates, do you agree with donald trump . The process has been in place not just for one year. The colorado was put in place in 1912. The issue for donald trump is that voters look at the general election, some people dont realize its an Electoral College. I dont think Trumps Campaign realized the delegates matter. Whether or not you support the Campaign Start to actively recruit delegates to run for the convention. Six, 10, 12 months ago. The opportunities were there and trump didnt realize it could be part of the campaign. His strategy is smart. It puts pressure on the rnc and pressuring delegates to reconsider the process and changing roles to make it different than in the past. His game strategy is where it has to be because these going to come a little bit shorter. Alex, how do you see it . The process has been in place along time. The Republican Party is like a grassroots party. These are processes established at the state level, not the national level. An important distinction to remember in all of this. I agree with the chairman dataset to the campaign to learn the rules. All the campaigns have an equal opportunity to use those rules to their advantage. That is something the crews campaign and the organization on the ground has done very well. Maria this has been the case a long time. It really has. This is typical donald trump in this campaign to use something that was in negative and turn it around to match the system and talk about how the system is Holding People down, how the rules need to change. Hes taken what was the and turning it into a positive. Supporters are getting behind him and a lot of people on social media about how the system is to change. That plays into Donald Trumps hands. Saying i dont have a horse in this race i want to look at this objectively. Donald trumps exact words. I know the rules very well but i dont tactic answered by the establishment. Hes criticized for not knowing the right strategy in place in colorado. The votes didnt count in the race was stacked against me. But then reince priebus, the nomination process known for a year in beyond. The campaign to understand it. Donald trump and his campaign knew the rules, understood the rules, why did complaints come in after the loss . That is one of the biggest criticisms this morning. You guys agree with that . Absolutely. The issue is delegates are elected by people who are in the local republican units. This attempt District Republican Convention in virginia. People who are republicans show up and vote to delegates. Trumps accusation that this is the establishment of a little bit unfounded and insults republicans. Trump is to figure out in the process and is good stuff to do so how he can win delegates. A lot of conventions for the delegates will be decided. Other people elected as the establishment. He could try to win doesnt get to 1237. They are doing not to speak to their point. Got to hear your thoughts on paul ryan. Yesterday he took his name out of consideration. A press conference on the hill yesterday. Lets listen. At you not want or will i accept the nomination for our party. If no candidate, i believe you should only choose to read person has actually participated in the primary. Count me out. Paul ryan and 2014 when asked about running for House Speaker. To poverty and want to be speaker . I dont want to be speaker. Maria part of me feels bad because he keeps having to explain it. No one of the sin. Is paul ran out of contention for the nomination . I think he is. What is different is that there were 17 people who wanted this job initially and now we are down to three whoever earned real support from Republican Voters out there whereas no one wanted the job as speaker as you remember. Speaker ryan took ever but dimly in a very pitcher out of place he assumed the position. Thats not the case for the president ial nominating contest. The world as speaker rival plays an important one. Hes the chairman of the convention and is also someone whos going to be very in terms of setting the optimistic agenda of our party for the future. Undoubtedly the election has been a struggle about the future of conservatism, future of the Republican Party. The vision that paul ryan lays out his optimistic and chose principles are good for more than just say no to things. Principals can lift people up. He plays an role just in what hes doing. Maria as these expectations rise about the contested convention, people think someone will helicopter ran. The likelihood of that most agree is very low. Paul ryan, i watched his announcement start to finish yesterday. He was pretty adamant. He was very sincere and his point that whoever gets the nomination should have put in the time and energy and focus in running for president. I wasnt seeing a lot of wiggle room here. The more he spoke, the worst job you did because he sounded more president ial than any well spacing. I thought he did listening to him i loved the message she had and i think it would be a great candidate. Maria heidi cruz is sitting down with megyn kelly last night at dresdner has been flexibility. Many trends over the years. Lets watch. People say nobodys ever like ted cruz. People of moscow dont like it when the u. S. Senate. Do people like him . That led u. S. To question because i want all his friends to know that one of the things that attracted me most with all of his friends. It even more defense. That is compelling. Either a misnomer for people who are getting much done. Maria likability has been an issue. Will this resonate with voters . More than anything, voters are looking for someone to get the job done. We hype a lot about likability and young voters. They are looking for someone whos competent. Someone who can solve the big conference every day. In terms of liking the candidate have a young voters are weighing options. We see in the exit polls they are split among candidates. Just from personal experience ive posted couple events that had hundreds of College Republicans wait outside in the cold to see them speak at events. There is something appealing to him personally beyond just what hes been able to accomplish professionally. Maria ron meyer commented to you agree with that . I wish what she said was true. The 52 approval rating. Bernie sanders is off the chart. The peoples socialist and that is not quite say that the president and Bernie Sanders. They like likable candidates. That is five reviewer pulled a little bit better. I dont think the lineal slick of policy. They look at this the person that they could leave. Republicans made likability and needs to work is going to compete for the general election in november. Maria it is an issue. His wife did wonders left eye. She was so personal. Great interview. I love the bomb that went kelley said harvard mba, Goldman Sachs managing her, stroud female. Are you running for office question or she ruled that out very quickly. Maria good to see you both. Thanks for much. Tune into fox business for coverage of the new year primary tuesday night. All starts off tuesday night on the Fox Business Network. The allstars on fox business will be on that. The cdc warns the zika virus is much scarier than first thought. Is it too little too late . Verizon workers going on strike. The tens of thousands walked off the job minutes ago. How it could affect your cell phone service. Back in a minute. Its true what they say. Technology moves faster than ever. The allnew audi a4, with apple carplay integration. Help individualize our Cancer Treatment . Now through advanced genomic testing, we may be able to pinpoint and diagnose what makes your cancer different, which can reveal precise Treatment Options that were not considered previously. With this important breakthrough at the intersection of science and technology, weve arrived at precision Cancer Treatment. The evolution of cancer care is here at Cancer Treatment centers of america. Call or visit cancercenter. Com to learn more about precision Cancer Treatment. Make sure its ano maintelligent one. The allnew audi a4, with available virtual cockpit. Maria welcome mat. Tens of thousands of verizon workers just backed up the job. Cheryl casone the details on the story the headlines right now. Transfer good morning, maria. I want to shed a couple of live shots right now. 45 verizon workers at the live picture in new york city. A lot of pressure on the company to make a Better Bargain with the unions. Starting about 16 minutes ago for new york, philadelphia, boston, new york city. This could be one of the largest strikes in verizons history. It could interrupt service for customers from massachusetts to virginia who subscribe to verizon wires services. That does include telephone. Verizon has trained thousands of temporary placements but this is going to be unfolding throughout the morning. Also, president obama said today to decide whether to declassify 28 pages of document which could show a connection to the 9 11 attacks. Former florida senator bob graham talking telling fox news the white house had informed him a decision would be made in one to two months. Finally the u. S. Lawmakers approving a bill to provide financial incentives. The company is developing treatments for the zika virus. President obama expected to sign the bill allowing the food ejected registration to the development in the priority review program. This encourages manufacturers and Drug Companies to study treatment for diseases that might not be profitable. They basically made a deal to the drug company can fasttrack Something Else to lose a little bit of cash to come up with something to combat zika. Maria the bill having to obama. Thank you a storm bring in the bacon her. Why some may be in trouble when you look at the biggest of the big. 39 Jpmorgan Earnings this morning. An intense bidding war over a jacket worn by one of the most iconic characters in hollywood. Harrison ford, hans solo. Wait until you hear how much it sold for at the auction. Back in a minute. The spot show me movies with explosions. Show me more like this. Show me previously watched. Whats recommended for me. X1 makes it easy to find what blows you away. Call or go online and switch to x1. Only with xfinity. Great time for a shiny floor wax, no . Not if you just put the finishing touches on your latest masterpiece. Timings important. Comcast business knows that. Thats why you can schedule an installation at a time that works for you. Even late at night, or on the weekend, if thats what you need. Because you have enough to worry about. I did not see that coming. Dont deal with disruptions. Get Better Internet installed on your schedule. Comcast business. Built for business. Trend to check out the chart. Oil after the highest close since november of last year. Speculation saudi arabia have reached a deal to stabilize production under the opec meeting this weekend. So fun looking at traders are saying. Youve got the production free summit coming up. We do. Ill tell you what, maria. If they can get this deal done, this is the equivalent of ending the production work. Like meeting of the appomattox courthouse or at the paris peace talks. This is going to be huge. It will be historic if they can get it done. There are some lingering doubts whether they can actually do it. A report that the Iraqi Oil Minister said we might not show up. We will send a secondary delegation. That may be a ploy to try to get opec and nonopec to justify the current increase in production which just another to a record high. A lot of politics but if they can get it done its historic. Maria what a move. So fun, thank you. Sandra, oil has been between 20 and 40 a barrel. Were above that. You wonder what that means. You know the market better than most. Sandra it appears and i listened to so fun and mike murphy on this. It appears we are getting used to the new normal that is Lower Energy Prices and Energy Producers have to adapt to this because what was happening. Things are pulling their credit line. I was looking at the latest statistic. Since the beginning of this year alone, wonders how pulled nearly 6 billion of credit from six oil and Gas Producers come a reduction of 12 . I mean, this is drastic. This is Game Changing for the energy industry. It is. Theres less production. Less production means an increase in price. In the last six weeks the price of oil rally over 50 . Whenever was going for 20 a barrel, now we are up over 40. The market is handling itself which is kind of a Bigger Picture for me. You dont need too much intervention. The market will handle it off with a supplier price will rise. Treated to some of this a short covering. Talk about oil close to 42 a barrel. The breakout would seem, the 50 move in the last several, does that indicate the momentum takes it even higher . At a short covering, but a lot of what have to do with pushing the price down also. The free market working, people go in and in having to cover. You could see oil above 42. You can see a push towards 50, 52 a barrel. Maria oil is one of the stories today. Waiting to report earnings. Stop stories today. Oil those burdened banks. Sandra that is a huge one to watch. For jpmorgan they talked about the 50 level for quite some time. Phil flynn, hes gone. Rise in oil prices. We have to point out the oil prices. Do you believe this is a new norm . It is tough to say. Right now we are in the low 40s. Weeks ago we were in the high 20s. The market telling you 40 to 50 is a good level. What was he jpmorgans earnings talking about the energy exposure, you heard jamie dimon talk about how the Balance Sheet is a fortress. I dont expect too Much Negative talk about their exposure. Sandra they are under a lot of pressure from the regulators who can get new cutting credit lines to the major oil producers. 1. 26 for jpmorgan. It will be coming out on the terror list. Down from 145 a year ago. Earnings overall for the Banking Sector in the s p 500 down to a point ive . S p 500. The firstquarter right now about to ramp up. That is priced in. If we get that, you could see a rally in stocks. Absolutely. Financials of god hit hard. People expect that things that are financials. If they come in just good enough is enough to start a rally. Sandra 2 of the market. Maria 23. 4 billion for the quarter. Coming up next, one indian delegate receiving threatening letters after expressing reservations about the trend campaign. He will join us mess with the story. The star wars moneymaking machine continues to roll on as Harrison Ford sells his hans solo jacket at auction. We will tell you how much it went for her. Back in a minute. 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