Transcripts For FBC Mornings With Maria Bartiromo 20161114 :

FBC Mornings With Maria Bartiromo November 14, 2016

Burden, the gravity of what youre taking on . No. Not at all in. I respect it. I think the press tries to make it into a wild man, im not, im a sobber president. Maria trump spoke with the president xijinping. The annual event an excellent target. Weve got the details this morning. New zealand faces tsunami and aftershocks, we will bring you details. Markets, the rally goes on. The trump rally continues this morning. Another big opening for the broader averages of 80 points. Nasdaq, s p 500 also firmer in europe gains across the board. All gains two third of a percent and one percent higher in europe. In asia overnight, check the mix ed and nikkei higher, adding onto big rally on friday as well. Before you book next vacation, best airline of the year just revealed. We will have it for you. Joining me to talk about it Fox Business Network Dagen Mcdowell, chief Investment Officer kevin kelly and democratic strategist harlan hill. Great to be here. Dagen good morning. Maria big news over the weekend. Dagen Reince Priebus, one of the most certain people get that job based on what we have been hearing. Maria they will no tout will be blind spots. You wanted washington insider to be the pretty call position of chief of staff. Dagen who pe cue executed for him brilliantly in the election . Maria more changes are expected. Fox news judicial analysts Andrew Napolitano is here. Rnc communication sean is with us. Hes losing number one Reince Priebus to become chief of staff and former white house chief of staff josh borten, big show. President elect trump sitting down for first interview, last night he talked about key issues he plans to take on including combating illegal immigration. What we are going to do is get the people with criminal records, gang members, drug dealers, we have a lot of this people, probably 2 million we are getting out of the country or incarcerate but they are getting out of our country. Maria joining us former michigan congressman, good to see you both. Thank you so much for joining us. Let me kick it off with you, your reaction over plans over the weekend, two new hires as he begins to put cabinet together. Its mr. Inside, mr. Outside, mr. Priebus as the head of the Republican Party helped donald trump by trying to hold on to the institutional republican support after the primary elections. Hes certainly well suited for working with the washington political establishment at the same time he has shown willingness and ability to work with mr. Trump under very hard circumstances. Is going to go through a rocky period, the big concern that many people will have is will he be a polarizing figure . This is a time that the nation needs unity and hopefully the approach that will be taken will be to find ways to unit america. Maria but congressman, you have to believe that given Reince Priebus relationship with the gop in general, maybe that helps him get things through and then what about that what about that pushback in terms of being the outsider here . Well, i think, you know, mr. Trump recognizes what the American People want, the American People, number one, wants things to get done and Reince Priebus will be tremendous help to the president elect. The American People want change in washington. They are sick and tired what is going on in the last decade, they recognize that we have severe problems in terms of our immigration, in term of the economy, in terms of national security, they want change, it cant be, you know, just doing what weve been doing in the past, just doing it better, washington needs to change and thats what steve is going to bring to this team. I think its a great team and sends a real strong signal that mr. Trump is going to get things done but hes going to bring change to washington. Dagen congressman its Dagen Mcdowell, you used the word unity, what responsibility do the democrats bear in terms of uniting the country because of language we heard from Democratic Leaders is not going bring people together in this country and youve got Hillary Clinton over the weekend talking to her donors, blaming the fbi and jim comey for her defeat rather than the will of the people . Well, you know, of course, the American People specially will. Look, i will continue to have concerns about the conduct of the fbi in the closing days of election. But lets set that aside for a minute. It is important for democrats to, you know, be the honorable opposition, but not to engage in the venom that would further divide america k look, we have serious difference of opinion but at the same time how we express that is important. Weve got to try to find a way to lesson the confrontational approach thats being taken. We can still disagree. We are not all going to be on the same page but weve got to be careful that it doesnt keep increasing because frankly its bad for the country and dangerous as well. Congressman, kevin kelly, my question to you given that the two people that were appointed by donald trump this weekend are polar opposites, right, you center outside, insider as you brought, do you think theyll be inherent conflicts because of dualing personalities and priebus was to keep paul ryan happy . Having tension in the leadership here of the white house is very, very good. A tension is a healthy, healthy dynamic recognizing that if youre going to change washington, youre going to need to push forward and if you just had everybody, you know, group think, all looking at things exactly the say, you get a stale administration or if you went one way too far or the other, you know, it would be dysfunctional. Having this tension, i think, is healthy, it shows that mr. Trump is very comfortable in who he is and where he wants to go and what he wants to get done for the country by bringing in the two polar opposites in believing and i believe that he will be able to successfully manage that tension and get good things done for the country. Dagen wall street journal writes, its hard to know whether this will be a union of i didnt yingyang. Harlan how does the Democratic Party reconcile at this time . Whether it goes in the direction of Bernie Sanders or if it doubles down on the mainstream moderate democrat views of somebody like Hillary Clinton before she she shifted to the left at tend of the primary, where does the Democratic Party go . Is it possible to reconcile without further defeat . Well, look, you know, as a democrat, i can tell you that the party began to lose its way in the 80s when it was taking money from the corporate source that is the Republican Party traditionally took money from. Thats what blurred the difference between the party. The Democratic Party has to go back to the oldtime relincoln own of fdr, putting millions of people back to work and coming up with proposals to present to do that, i think theres, you know, its about what we stand for. Its not just about the cosmetics. Maria so far the reaction from harry reid was pretty nasty. You would think that at this moment in time the people have spoken, the election is over, the votes are done, that harry reid would show some professionalism and not call Trumps Administration white supremist but thats what hes doing. Well, you know, i said it before and i will say it again, everyone has to be careful with the rhetoric here. Both sides, we have to be clear about where we want america to go and disparagement doesnt serve any purpose. Harry reid has given this country excellent service. Hes a good man, but i think he and a lot of other people were shocked at the outcome of the election. Their concern lets face it, there was rhetoric in this election that ought to give people pause and it is but we also have waiting for the signals from the new administration that theyre ready to bind up the nations wounds and to take america in a new direction. Maria you would think, dagen, with all the protesting going on across the country still that leaders would handle with care how they addressed all of these things and i know today theres going to be a conference called democratic conference called and president obama said hes going to jump on the phone and called on all democrats to be on the call. Hillary clinton is going to be reaching out to Congressional Democrats today, what are they going to say . Dagen i would expect president obama to may behave last week and hes concerned about his legacy and how he carries himself. With harry reid, thats exactly what i expect from harry reid, lied about mitt romney that mitt romney didnt pay taxes. Maria stop legislation that could have gone through like tax reform. Dagen one thing that the democrats are going to be rallying around is getting away with the Electoral College. That would be a flag for them even in the coming months and coming years because they are so upset about election, not only donald trump and supporters won but the democrats lost and if they had just watched fox business and fox news in the last years they would know that this was coming in terms of how people have been talked down to and dismissed fbi people and leadership. Maria i have to give a big shot out everybody on the desk and everybody at the Fox Business Network and fbn saw it and we were in touch of what people were saying, we took donald trump and his group very seriously. We treated them with respect. Dagen i was wrong about donald trump very early on but i fully acknowledged what was going on. Absolutely. Maria we saw what he tapped into. Kevin on the Electoral College it would be hypocritical of the Democratic National Committee Just to the fact that super delegates that weighed and influenced their primary. Maria thats a good point. Good to see you, gentlemen, thank you. We will see you soon. Coming up next on busy day, earthquake left two people dead, all of the developing details. American apparel start to go stay afloat. Lets take a look at that next. Busy monday morning right here at mornings with maria. Know better sleep with sleep number. Maria welcome back, powerful aftershocks rattling new zealand this morning in the wake of yesterdays earthquake. Cheryl initial 7. 5 magnitude quake killed two people and triggered massive landslides northeast of chies church, destroyed buildings while kicking 8foot waves. Facebook has fixed a bug that falsely killed off several users including mark zuckerberg, the ceo. The website displayed a memorial barn at the top of user profiles for people that were still alive. Reports coming in from users around the world, hey, im not dead. Facebook releasing a statement, quote, this was a terrible error that we have now fixed, we are very sorry that that happened. Meanwhile we have trouble this morning for american apparel, the retailer has filed for second bankruptcy protection in just over a year. The Company Faces rising online competition and has struggled to overcome controversies surrounding founder and the racy advertising they are well known. Finally this, the mcrib is back, Signature Limited edition sandwich thanks to app, now they can track the locations which locations are carrying the sandwich, since 2012 they are only selling to Restaurant Operators who asked for it. Maria, its very popular as expected to stick around until the end of december. Its a trick for mcdonalds but has done well. Maria thats funny, you to get the mcrib finder on your phone. [laughter] kevin take it easy. Dagen a friend of mine who has an alert and alerts her when they have hot doughnuts down the road. There you go. Maria that is funny, coming up next samsung hitting the road with biggest acquisition ever. The 8 billiondollar acquisition to acquire har pl on international, that gets right into the auto sector with audio, we will tell you about this big deal and harmon shares are up this morning. Take a look. The brightest moon in nearly 70 years thats stunning the world this week, how gorgeous does that look . Back in a minute. 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If you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis and a 200 savings card. They say you shouldnt but your grand kids . How about front row seats to the best show in town. And that is why you invest. The best returns arent just measured in dollars. Hey, drop a beat. Flix . Show me orange is the new black wait, no, bloodline how about bojack, luke cage oh, dj tanner maybe show me lilyhammer stranger things, marseille, the fall in the same place as my basketball . Narcos, fearless, cooked the crown, marco polo, lost and found grace and frankie, hemlock grove, season one of. show me house of cards. Finally, you can now find all of netflix in the same place as all your other entertainment. On xfinity x1. Maria i want to show you the moon right now. Take a look at the shot right now 6 22, Cheryl Casone just told us this is when the moon is closest to the earth right now. So this is the best shet. There is the moon as we look at the super moon and weve been admiring it. We all took pictures, i did. Did you guys take pictures of the moon over the weekend . Kevin i was sitting well rested for this morning. Dagen pictures dont look good when i take them. Maria pictures are terrible, it wasnt as gorgeous as it is right now. I want to tell you about mega deals, samsung making a slash to buy auto part supplier, 8 billiondollar deal there. 112 a share kevin kelly and thats a nice premium on friday. Stock is going to soar today. Kevin its a big deal. Semiconductor were a big manufacturer on the chip side as well. Samsung has a lot of chips and you knee the next wave of consolidation and fighting for the next thing. Specially when i comes to semiconductors as well as entertainment. Theres more of this to happen. Samsung needed this to happen. This is a good move for them, when you think about it. Maria 28 premium on harman and 37 to harman30 day value. Kevin 24 billion backlog in selling products. Maria heels of the busiest month ever last month. Semens acquiring Mentor Graphics. Dagen youre talking about mentor during the break . Kevin they put themselves for sale and you had activists, investors come in the stock and said, you need to sell yourself, you need to fix that and trade at the same multiple or you need to sell yourself and youre seeing what they did. Dagen big picture macro is front page story about broadly speaking economist are positive about Economic Growth under a Trump Administration but they expect inflation to pick up, they expect higher Interest Rates, they are worried about what he does on trade but i think you have to watch the tenure treasury. The tenure treasury close above 2. 1 . Huge bounceback. Is it on expectation of better growth and higher inflation or does it have something to do with heavy deficit spending and a inflation that gets away from us. I think its going to be a tricky situation. Its something to not worry about at this point but certainly to watch in the next several months. Kevin thats a very big point as youre seeing the cost of debt two up, more deals are going to start to happen. Youre going to start to see a lot more deals happen specially before the end of the year, Capital Markets have been robust n october 300 billion in m a activity, 3 billiondollar raise in ipo market, the Capital Markets are flowing right now. Harlan does this foreshadow further investment into cars, some day deploy their own car . I know they had joint venture out of france, is this this is just the first step . Kevin so samsung and apple have both said theyre not going to start and manufacture cars anymore. Samsung they supply a lot of parts to auto manufacturers so this will help get stronghold in the market. Maria thats where the innovation is. Kevin exactly, exactly. Dagen they were early in developing kind of electronic systems, ford, to name one. Tesla is a rolling computer. Anybody who has been in that one acknowledges that. The entire Technology Industry is going to take over auto, the auto business as we know it. Maria a rolling dagen its a computer. Kevin samsung makes lithium batteries. Dagen are blowing up. [laughter] maria short break. Isis could be seating sights on new york city tradition, threat to parade from the Islamic State. Online shoppers be ware, amazons deals may not be that really a bargain, all the details back in a minute i dont want to live with the uncertainties of hep c. Or wonder whether i should seek treatment. I am ready. Because today theres harvoni. A revolutionary treatment for the most common type of chronic hepa

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