Transcripts For FBC Mornings With Maria Bartiromo 20160913 :

FBC Mornings With Maria Bartiromo September 13, 2016

Tell you about it. Alive garden ramps up sales hope to go draw in more customers and markets this morning, well, we are looking at more decline, the Dow Jones Industrial average open at 100 points after yesterdays pretty good rally. Investors trying to figure out what fed will do. We will bring you all the talk. In Europe Markets off of the lows of the day, you can see, we are looking at fractional moves higher, that was a complete reversal. Best performer there. 39 points higher n. Asia overnight, stocks little change as you will see. The big performer almost half a percent up in kospi index. Check out the price of oil down better than 2 . The International Agency lowering demand on task with oil prices at 45. And a true scary moment for ryan lochte, two men storm the dance room with the stars debut. Joining me to talk about real clear politics Caitlin Burns is with us and brinian and republican strategist tony joining thus morning. Good to see you. Good morning, maria. Maria lots to talk about. Join us. Coming up this morning florida congressman lieutenant crobel allen west. Former president ial candidate Mike Huckabee is with us. Former nfl star jack brewer is with us. Plus, former new mexico governor gary johnson stops by as well. Big show ahead. Stay with us this morning. We kick it off with the top stories. Hillary clinton taking the day off this morning from the campaign trail, recovering from pneumonia but she and running mate down playing diagnosis and speculation that she may not be fit to serve. I felt overheated, i decided that i did need to leave and as soon as i got into the aircondition van i cooled off, i got some water and very quickly i felt better, so i felt fine, but im now taking my doctors advice which was given to me on friday which i ignored to take some time to get over pneumonia. Ive been on campaign since july 22, Hillary Clinton has been on campaign for 18 months, her energy staggers me. I have a hard time keeping up with her and we know shes going to be fantastic. She will be a fantastic president. Maria this coming at the Clinton Campaign is facing criticism for members of its own party for lack of disclosure. Axelro du tweeted this. Antibiotics helps pneumonia, whats the cure for unhealthy wenchant for privacy that repeatedly creates good to see you guys, thank you so much for joining us. Gabi, i kick it off with you, when members of your own part chastise you does it show that its a bigger issue . Theres lots of questions about this. In the interview with cnn she raised more questions. She said that this is something that she didnt feel it was necessary to discloses and we heard in interviews yesterday with both running mate kim Kaine Tim Kaine that they were aware that Hillary Clinton had pneumonia. Theres lots of questions on how her campaign handled this but how transparent shes with members of her own campaign and potential Vice President. Maria its hard to believe when she does Say Something. Donald trump has been quiet, whats behind the strategy . Its smart. Its a nightmare situation for Hillary Clinton, obviously, for her entire campaign. Obviously it wasnt expected. Its worst than they had ever imagined. This is really bad. Donald trump needs to stay out and step away and let the focus be on Hillary Clinton which it will be if he doesnt do anything. I think hes right from a political point of view and just from a human point of view to wish her well, i will meet you on the debate stage, which he did effectively on fox and friends and in another interview, i think he needs to step away. Theres enough scrutiny on Hillary Clinton on her transparency and on her health that he doesnt need to be involved at all. Maria yeah. It looks while Hillary Clintons last couple of weeks have not been good because of this and other things, donald trump is doing better. Everybody that he had weeks where he looked he was stumbling and corrected the shift. After his bad three weeks, Hillary Clinton continued down the road of completely having the pattern of lies that keep catching up with her because the reality is they axelorods tweet, they are not getting the honest story, or access, just recently her finally giving a press availability and this again continues to feed into the idea that shes running out the clock and nobody wants to let her do that and thats where i think her strategy has been exposed and clearly has been failing her for the last few weeks. Maria shes not going to be transparent now why should anybody expect transparency should she become president . Thats the big issue here. I think she could have garners sympathy for people who know how grueling how this campaign is. Why not just come out and say that you were and also raises questions on what else might be coming down the line and that sort of thing. Its just an unforced error at a critical time, another big pivot point and this sucks up a lot of time that they didnt need and the polls are tightening. Maria theres the other issue, the House Oversight committee, that happened on monday for an unredacted copy of investigation notes and all the documents related to the investigation into Hillary Clintons use of private email server, daniel, what are you expecting here . The pressure is going to continue, sorry. Hes looking for the truth. He wants the documents. He wants to learn for about this. A lot of stand with them. A lot of people are curious, how did she get off when other people in the same situation did not get off. What was it about this that the fbi did differently than they have with other people. A lot of people are just curious to know, he has a fair amount of support in pursuing this and not that much pushback, really, except from Hillary Clintons campaign. Maria even though bryan, the email scandal really falls on deaf ears when you talk about loyal supporters, it seems to have impacted the broader public, impacted independents, rather. Thats a question going forward. How much will the email thing stick. Daniel talked about being a nightmare. I wonder if thats really the case. Will this continue to be a big issue. What i think its doing though its keeping this pace thats very shaky for her, she kind of really thought she could allow the Trump Campaign to head into the misguided direction and rely on him to make all the mistakes while she sat back, while shes clearly headed the direction in a positive way, shook up the team a little bit and hes acting president ial when you think about the trip to mexico, the policy on military preparedness, immigration reform, school choice, she now looks like shes been in the fbi Witness Protection Program and people specially in the media, you know this, dont like that even if they actually have sympathy towards your candidate. Maria shes still fighting back the deplorables comments. The Trump Supporters are angry. Right, they are. This gives donald trump a lot of ammunition but hes certainly trying to keep that in the cycle. He had supporters and said, do we look deplorable, like you described us. I think its a smart decision not to attack her health but focus instead how she insulted half of his supporters. Maria good to see you both. Thanks so much. Coming up next the the power outrage causes delays. 120milliondollar payday after the bank was caught creating phoney accounts, shocking details back in a moment everyone thought i was crazy to open a hotel here. Everyone said its so hard to be a musician, but i cant imagine doing anything else. Now that the train makes it easier to get here, the neighborhood is really changing. Im always hopping on the train, running all over portland. I have to go wherever the work is. Trains with innovative Siemens Technology help keep cities moving, so neighborhoods and businesses can prosper. I can book 3 or 4 gigs on a good weekend. Im booked solid for weeks. It takes ingenuity to make it in the big city. Remember here at ally, nothing stops us from doing right by our customers. Whos with me . Im in. Im in. Im in. Im in. One, two, wait, wait. Wait wheres tina . Doing the hand thing . Yep we are all in for our customers. Ally. Do it right. We are all in for our customers. Safety doesnt come in a box. Its not a banner that goes on a wall. Its not something you do now and then. Or when its convenient. Its using stateoftheart simulators to better prepare for any situation. Its giving offshore teams onshore support. And its empowering anyone to stop a job its giving offshore teams onshore support. Ifometng dsnt se rig. D alys wkingo beette maria welcome back, pow e Power Outages creating delays. Cheryl good morning, maria. Two separate Power Outages at newark causing delays. Six express flights were canceled during a twohour period after back up generator didnt kick in like they were supposed to. United states operations are back to normal. Investigators are looking for a potential suspect in a potential fire that authorities believe was deliberately set to the islamic center, the mosque attended by omar mateen, the shooter of orlando massacre. The county office releasing, the man seen approaching the building from the northeast side and a flash can be seen. He is then seen running from that building. Authorizes asking anybody who recognizes the individual from this video to come forward please. The Committee Plans to question wells fargo ceo on the bank sales practices, the committee has requested a september 20th hearing. The yity is looking into the banks practices after the bank agreed to pay 125 million in penalties and fines across the banks retail branches. Wells fargo had fired employees for these practices which allegedly creating 2 million accounts without customer knowledge. The bank told Call Center Employees to stop the crossselling practice. She announced retirement in july. 126. 6million, allegations probably should leave to a clawback for tolstedt, the United States biggest bank by market value. Maria thank you so much. The story keeps getting worst. How do you see this, as cheryl just told us, john is going to go and speak to congress on september 20th. I mean, its obviously terrible if youre a customer and youre thinking about banks creating accounts for you and you dont even know it. The mark is going to punish them for number one and thats really important to note here but theres lower level employees that were penalized for this. This was not wasnt person making a call on his own or her own, i think there have to be higherlevel repercussions. People are going to say i dont want any piece of wells fargo if i call up im going to end up with two accounts that i didnt ask for. Maria we dont have any certainly thisther banks were pressure to make targets to make sure you had quotas in terms of the number of accounts is the problem. Yeah, absolutely. Every bank is feeling the same pressure here. They want to sell multiple products to customers because thats a higher profit margin for them. Whether or not illegal practices are happening, whether theyre creating accounts without approval, it doesnt surprise me but the pressure is there. Customers end up annoyed because they are being asked do you want to open a next account. Financial institutions should be allow today take risks specially if they disclosed that to their clients. In this case its corruption in any respect. So as someone who is oppose today expanding a lot of regulation, i still believe its up to the corporations n this case wells fargo to police it themselves and prove to shareholders and customers that they can manage this. Im telling you right now, these are the types of stories that fill this idea that we need to expand Financial Regulation that does affect the free market. Maria great point that youre making. The whole debate about regulations and whether or not it has swung too far. When you see a story like this, this is a black eye for the whole industry and its too bad. They have to fix it. The free market speaks for itself. Unless wells fargo hang ls this properly, they are having a big issue on their hand. Maria we will take a short break. Oil plunging also. That was a market fact or after leading a market rebound yesterday, we will tell you what the downward trend for oil means for you. Ryan lochtes debut did not give them a standing ovation. Two men launched to the stage in protest. We will tell you those details on the disruption. As a combination of see products. And customers. Every ontime arrival is backed by thousands of od employees,. Who make sure the millions of products we ship arrive without damages. Because od employees treat customer service. Like our most important delivery. Od. Helping the world keep promises. Thwow, its nice. Ew 2016 chevy malibu. Lets check it out. Do any of you have kids . I do yes. This car has a feature built in called teen driver technology, which lets parents see how their teens are driving. Oh, thats smart. It even mutes the radio until the seat belt is fastened. Will it keep track of how many boys get it in the car . laughter cause that could be useful. This is ahead of what my audi has for sure. Wish my beamer had that. I didnt even know that technology existed. Im not in the market for a car but now i may be. Hey hows it going, hotcakes . Hotcakes. This place has hotcakes. So why arent they selling like hotcakes . With comcast Business Internet and wifi pro, they could be. Just add a customized message to your wifi pro splash page and youll reach your customers where their eyes are already on their devices. Order up. Its more than just wifi, it can help grow your business. You dont see that every day. Introducing wifi pro, wifi that helps grow your business. Comcast business. Built for business. Maria welcome back, Oil Prices Sliding this morning as the Energy International cut Global Demand by nearly 100,000barrels a day. Phil flynn watching oil this morning. Good morning to you, phil. Phil good morning, maria. Oldout asian demand, thats the main reason the lowering and the main reason that asia demand is disappointing, also slower demand in europe as well. Now this is the agency that just a few months ago predict that had we would see the Global Oil Markets get into a supply deficit early next year. Forget about that. Theyre talking that the oil glut is going to can you not in mid17. Opec had an interesting take on the market as well. They looked to global Central Banks to bail them out, a lot of the countries have a lot of debt and dont have a lot of room for stimulus but thats what theyre saying and global Central Banks are going to have a big part in where oil prices are going to go. The china demand looks a little bit better this morning. Better than expected retail sales, so maybe opec is right, a little stimulus may prove that demand outlook as we go forward. Maria phil, thank you, phil flynn and creating confusion, the idea that Interest Rates are not going up so theres a story in the journal today divided Federal Reserve incline to stand pat, that thinking caused a big rally yesterday. There were comments and took a dubbish tone in speech in chicago, lets wait before raising rates. Listen. In the presence of uncertainty and the absence of accelerating pressures, it would be unwise for policy to foreclose on the possibility of making further gains in the labor market. Maria participate with comments markets rallied better than 200 points. Just raise them. Just lower them. Theres so much uncertainty and the markets are watching. Everybody is watching these debates about where rates are going. The markets seen volatility as a result of this. Youre not going to move in september. After the comments, the question is if they will move in december. The fed needs to develop credibility and the messaging continues to be mixed. Maria economy is showing different signals and this is the number one issue for voters right now. Exactly. Donald trump has talked about lowering the raises, raising the rates, she said janet yellen should be ashamed of herself which is a remarkable comment. I wonder how you think that thats playing out in terms of how trump is playing the issue of raising rates. I think trumps larger point and i think at this point is absolutely correct is the average american does not feel positive impact from the economy. You can show other statistics and see the market rallying in triple digits, the average american who Donald Trumps campaign is connecting them does not benefit them and clearly theres been a false reality in the minds of many that washington and the fed are putting out this certain impression that the economy is improving in a meaningful way and others dont feel that impact, can you legitimately make that argument . Maria hes not saying, look, we are going to raise Interest Rates but hes trying to put forward a growth plan so that ultimately rates move up naturally. One of the most clear agendas is on tax policy and is on deregulation and Economic Growth plan. Dont forget we are now presiding close to eight years of no year with over 2 growth. Thats a major longterm problem for the economy. He has to hit that because if we had growth, it would be much easier for the fed to move up. Thats what we actually want to see. This is an opportunity to pivot and seeing we are not getting growth. We are stuck in the environments. The fed cant raise rates twhep they ought to be. The fed has changed the kind of yardsticks for a healthy economy being measured by certain things and suggesting that when that happens we will raise rates weve had a few close calls. What it going to ta

© 2025 Vimarsana