Transcripts For FBC Mornings With Maria Bartiromo 20160811 :

FBC Mornings With Maria Bartiromo August 11, 2016

Donald trump and explain why in a video posted on line. The reason i climbed her tower was to get your attention. If i use conventional means i would less be be less likely to have success. Maria there you go the details coming up. A dramatic race in canada thwarting potential terrorist attack a suspect killed by police after detonating an explosive device. Breaking overnight an explosion at an apartment complex in maryland. Dozens and injured in looting firefighters. Millions of americans left out of the house and recovery look at whats driving the decline in in homeownership coming appeared marcuss morning indicating fractional moves. What else a quarter higher on the dow industrial. We will get the retail sales number tomorrow. Dax index in germany up and the s p 100 in london is lower by a third of a in asia overnight nicks markets they are hanging saying on the upside shanghai in china the nikkei in japan lower. Planning a celebration . You may want to stock up on bubbly now. Why champagne producers a major shortage. All those stories coming up and joining us to talk about us cheryl cason he. Good morning everybody. At morning. Maria we have so much to talk about this morning. Coming up retired fourstar general and fox news military analyst jacking us with this former House Speaker contributor Newt Gingrich and chairman in chief Strategy Officer wilbur ross stops by. Kicking off at the battle of the economic plans in the state of michigan Hillary Clinton will present their plans today. Donald trump presents his plan in detroit this week. Clinton pattern for Structure Plan on the campaign trail. Trouble a slender legislative record, take a listen. In the first 100 days of my administration we will make the biggest investment in new jobs, goodpaying jobs since world war ii. Now how are we going to do that coax . We will. She promised the world and went like this. It went down and she got virtually no legislation passed. She couldnt get anything passed. Was unbelievable. Maria i want to bring in jobs surrogate aaron and leopard we heard down this week. Had he think it differs from what we will hear from Hillary Clinton . The difference is clinton is going to do is create a humongous deficit. Donald trump is trying to help america and make changes and get away from the norm of brock about were Hillary Clinton pushes us further into debt. Maria she will be raising revenue that issues raising taxes. Yes and if you look at a host of independent groups trumps tax plan in trumps Infrastructure Spending is expected to add to enjoy in dollars to the federal deficit not too chilly in dollars. I think because he lowered it to three brackets and took the highest trade to 33 which was a nuance it does take it down from 10 trillion. If we are going to talk about the deficit, republicans slammed democrats for adding to the deficit. Why dont they care about Donald Trumps mouth . I dont think its about the mathematical regard. All Hillary Clinton wants to do is increase the minimum wage. That does nothing for country. It doesnt create jobs. Theres no possible way these numbers are adding up. We have forked from this thing for the last three months and no plan is perfect. Heres what the plan does. Number one it simplifies the tax code and number two we will reduce a moratorium on regulation which is super important to get the Small Business is growing again and last peace of this is super important for everybody. If you can get the revenue mix right you will ultimately reduce the deficit in the way you do that is exactly what though clinton did. We think about where the Democratic Party is today. They have moved so far to the left with such aggressive governmental controls they are slowing down the growth of the economy. If we get the trump plan in place and we can grow it 4. 5 , and grow as a nation we will solve a lot of problems. Its. Maria when you look at how far left the party has gone because of barack obama and Bernie Sanders. We are running a Budget Surplus at the end of this term. Hillary clintons plan is completely different from anything bill clinton did when he was in the white house through some of the things hes announcing today look a lot like Bernie Sanders plans for expanding Social Security. Childcare for instance she talked about that sketch factor costa 10 . Thats going to be a job killer. She wants to take instead of what donald trump as saying which is give taxpayers a credit on childcare for the year thats Economic Growth she is saying lets have the government take care of it and thats worse in my opinion. Trump does want to put the money in the hands of Business Owners. And the individual. Hillary doesnt seem to be catching up to that. One of the points in hillarys plan and cheryl a. Buno this issue wants to help Small Business. And understand how shes helping Small Businesses in his plan. Have you seen anything that moves smallbusiness . Not unless you are preschool and you are running a universal preschool plan. It depends on the business. Where she is talking about is more regulations and that is where donald trump has come out. His pledge to stand by and defend obama regulations. She as i mentioned changing the Corporate Tax rates. President obama has given us an infraStructure Plan that did not work. Lets talk about what exit does work. We studied this and this is a bipartisan thing. You go over 20 of the gdp of the National Budget level you have almost an octopus controlling the private sector and it constrains the growth in the private sector. We are at 24 right now for the federal government to guess whats happening . People were getting little to no grocer with the trump plan will do is get us back down to the 20 number and you will see explosive growth as a result of that and that will solve a lot of problems were talking about on this program and other programs which are particularly the global problem. If you get the United States to grow again and capacity which the trump plan puts you in the will solve a lot of the worlds problems. I was struck to the number of people is that there is not a rough aspect of the Hillary Clinton plan. He was really striking because Economic Growth is the most important thing we are talking about right now in terms of creating jobs. Maintaining the status quo something you dont see relate to growth. Maria the controversial jesse that the rallies, yesterday we talked about Hillary Clinton having the father the orlando shooting are right behind her and incredibly prominent place. Now trump apparently is one of his rallies mark foley was there disgraced congressman. Lets watch. And i know how many people, family members, loved ones and friends are still grieving and i want to i want them to know that we will be with you. We will be with you as you rebuild your lives, as you rebuild hope for the future because we cant ever let that kind of hatred and violence to break the spirit, break the sole of anyplace in america. Its terrible when the father of the animal that killed the wonderful people in orlando sitting with a big smile on his face right behind Hillary Clinton. Maria im still scratching my head over what the strategy was in terms of having mr. Mateen behind hillary and what is the response to the congressmen being behind alltime . Hillary penton, no trouble. Mr. Foley was exonerated of any crimes. Seddique mateen son murdered 49 people and said should be punished. A little difference. Im thinking of a saturday night live skit. See that this doesnt happen by accident. When you have such a prominent seat you have to get that prominent seat. Its not happenstance that you are sitting in front of the cameras so this is strategy that they said let me reach out to the Muslim Community and then they realize its a horrible strategy . I dont know if they knew who he was. I just dont believe it. If you go to a clinton event they are very staged. Theres a reason for every Single Person binder. Maybe the strategy was this is a muslim man and we want to look diverse. Theres no way she would have done that. What i dont like about the whole thing is its distracting from what the issues are. Whats happening here is because you buhman street and secretary clinton have a failed National Security policy and a failed Economic Policy we have to focus on personalities and issues like this. Maria she prides herself on her record as secretary of state and not everybody is as proud as she uses her record but it could be something there as well. A massive explosion at a maryland Apartment Building the left Dozens Injured including firefighters. More on the out by thread a climber captivating the nation as he scaled 21 stories at trump tower new york city yesterday. More on the climber and why he did it straight ahead. Back in a minute. Music for your retirement, you wanted to celebrate the little things, before they get too big. And that is why you invest. The best returns arent just measured in dollars. Td ameritrade. Maria welcome back. People injured at the explosion of a maryland. Heres sure with the details. Good morning fire officials said up to seven people are unaccounted for following apparent exclusion of the apartment complex in Silver Spring maryland. Emergency officials arriving on the scene of the three lime blaze after midnight. Officials say natural gas that the place is at her and at least two buildings and caused the building collapse. 90 people have been displaced from 28 apartments. In Ontario Canada the mounted police have killed a terror suspect. Police opening fire after the suspect detonated a device that injures himself omar the person per the suspect later than if id had 24yearold aaron driver. Driver was arrested last year by the way for openly supporting the Islamic State on social media. Police told drivers family the suspect had another device implanted detonated. A Police Official told the Canadian Press the driver allegedly planned to use a bomb to carry out a Suicide Mission in a public area. You probably couldnt take your eyes off of this yesterday. A 20yearold virginia man has been arrested by the nypd after attempting to scale the 58 story trump towers in midtown manhattan. This was yesterday unfolding life. Officers smashed windows and broke through a ventilation duct in the building and attempt to block its progress. Take a police captured the suspect after at the 21st for trump tower after three hours of climbing. We all watch live Police Confirmed the suspect posted this video a minute day before his climb. Im an independent researcher seeking a private audience with you to discuss an important matter. I guarantee its within your interest to honor this request. Believe me my purpose is not significant. I would not risk my life for suing it. The nypd saying the man has been taken to bellevue. Hes being a valueadded right now. Trump tower headquarters Business Empire mr. Trump was on a building at the time. Finally we are watching Delta Airlines this morning. They attempted to try to get back to normal operations yesterday. Didnt happen. They canceled more than 300 flights. They are still trying to recover from monday systemwide grounding. The airlines most delays and cancellations as a result of flight crews. They had maximum allowed work hours but the company now extending free ticketing for travelers who have booked a flight at least through today. Delta extending the deadline for retreating to travel. No cost to any of you through august 21. Again this morning we are monitoring, will try to figure whats going to happen but they keep telling us things will be normal maria. Not happening. Im happy im not the ceo of Delta Airlines for that poor man. He came out again apologize yesterday. Maria cheryl thank you. Housing rebound leaving one crucial group, the middle class. Later average over the doj reporting states with millions in grants for shielding illegal immigrants. More borit this growing controversy next. Back in a moment. A cancer diagnosis can be overwhelming and complicated. Thats why at Cancer Treatment centers of america, every patient gets their own care manager, to coordinate every aspect of their care. Its a long journey, its very complicated and we try to help them through that. We are available 24 7. If a new symptom occurs in the middle of the night, we are there to help. The care manager coordinates all of the patients appointments, scans, chemotherapy. The last thing any patient really needs to worry about is how am i going to get here, how is insurance going to handle this . One of the great things we do is help them manage their symptoms at home. We as care managers want to take as much stress off the patient as we can. Meet the care managers at ctca. My name is mena. Collette jodi vincent stacy our nurse care managers are with you every step of the way so you can focus on your fight. Learn more at cancercentererer. Com caremanar maria allows generation of homeowners the wall street journal taking a closer look at why millions of americas a wreatg instead of owning. The chief economic correspondent , john good to see you. This mornings story homebuyer shortage threatens recovery. The market has been strong with the exception of the middleclass buying homes. This is particularly the case for millennials. The young people burdened by a student debt and getting married later and what we are seeing is the homeownership. Is we reported the story today is fallen to a 51 year low around 63 . Some saying it could fall below 60 . Lets remember homeownership 10 years ago was the american dream. Right now about 200,000 to 300,000 fewer homes are being bought every year mostly by middleclass americans. Maria the peace also said home prices rose 83 at s1 hundred and 78 Real Estate Market so prices are getting away from some folks. Traces are getting away from some folks in the reason is builders are building. We had a boom in construction of apartments and condos but not singlefamily homes and then the other part of this that we have to talk about is now its bring about the Federal Reserve interestrate or very low and that ought to be spurring a lot of homebuying but a lot of the houses are cut out of the market because banks are reluctant to lend to anyone with any kind of scuffing on their credit record. If you look like you dont have a good track record and credit its very hard to get a mortgage these days even though Interest Rates are very low. That hits the middleclass. Maria john if you look at the millennial fire because that seems to be a big problem. You need that younger buyer to basically spur sales and not the young person whos not coming into the market. They dont have a clear answer as to why. So theres this barbell effect is weighing on the market on one end you have the millennials who are coming out of college and one of the worst job market in the history of the country and burdened by a lot of student debt getting married later so they are not going out and buying a home home and then you have the Huge Population of baby boomers which is downsizing into smaller places and condos so thats weighing on the market as well. Maria anthony do think this will impact the broader economy . At the end of the day housing ties everything together. John knows this from working with the fed predicted on get the Housing Market right you dont get the Small Business 60 of Small Businesses are tied to housing. Think of our main streets, we have this sort of middleclass lowdown and housing very better Economic Growth. Maria u. As of this will hurt the recovery i would say it r d has. At typical recovery what happens is the fed lowers Interest Rates and you see a lot of interest sensitive ears moving forward so you see housing in d. C. Car sales all going forward. Whats happened is we have had a boom in car sales but we have not had a boom in housing which is a bigger peace of this economy. Not only in addition to everything that anthony mentioned a lot of people expect equity from their homes. The better tax till the neck or card so you dont have that going on. Maria thats a great point. John what are the ripple effects because as we talk about millennials so many burdens and feels like a weight on the shoulders is getting impossible to buy a home. They have student debt than they can find great jobs but homeownership is the key component of retirement saving so what does this to our economy years down the road . Well you know i think thats certainly the case. You make a really good point about retirement savings. A lot of people have paid their mortgage every month and eventually they are paying, taking out equity in their home and building up wealth so you dont have that form of Wealth Creation which again ways on Cons

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