Transcripts For FBC Mornings With Maria Bartiromo 20161122 :

FBC Mornings With Maria Bartiromo November 22, 2016

We are looking at records, stock coming off of a record yesterday and we begin there once again. Dow, nasdaq, s p 500 even the index closing at new highs yesterday. Take a look. We are looking at the rally continue with another gain this morning of about 88 points, the dow likely to hit 19,000 level right at the opening of trade this morning. Oil prices this morning extending yesterdays gains, take a look. Oil now up and a quarter percent up to 48. 86 on crude, 49. 68 on brent crude, Global Markets on the rise as well. Ftse up 1 right now. The others up between twothirds and three quarters of one percent. That really is looking at the mining stocks among top performers in euro zone this morning. You will see nikkei up and hang seng in hong kong up one and a half percent. A Deadly School bus crash to report in tennessee. The driver has been charged after six people have been killed including five children. Authorities are looking at the speed of the bus as a factor, details coming up as you can see the bus was cut in half in that tree. Winter weather causing massive pileup. Forecast later this hour. No one from mylan will be there. Its decline to go testify over details of proposed 465 milliondollar settlement with the justice department. Plus the vote is underway for times person of the year but president elect donald trump is not at the top of the list for readers, neither is hillary clinton. We will tell you who is at the top of the list coming up. All the stories coming up this morning and joining me to talk about it fox business dagen mcdowell, the wall street journal chief economic Jon Hilsenrath and fox news correspondent lea gabriel. Good to see you. Good morning. Dagen good to see you. Maria record highs across the board. Jon i dont think anyone saw this coming. Dagen Maria Bartiromo saw it coming. You need to watch this program more often, Jon Hilsenrath. Get up early. [laughter] maria growth plan. Donald trump rolling back regulations, lower taxes. Dagen lets call out mark cuban wasnt more time, lets be clear about something. There was no way on planet earth, im quoting you that when you are poised to cut taxes and triggering moves overseas and around the globe and give people more money is back for economy. Jon great for markets, there we go. Maria interesting to see the small caps take the lead. Of course, small caps are going to be the best beneficiaries. Jon biggest run in 13 years. Dagen regulation, Infrastructure Spending potentially and if he gets tough on trade better for smaller companies. This is the first time, this is from the journal, dow, s p, Nasdaq Record highs, first time it happened since 99. [laughter] dagen march because i was old enough to remember it. Maria joining us this morning former u. S. Embassador to the United Nations john bolton is here, former cia director is here, ubs chairman joe, with us, former nfl player and Casey Crawford here as well. Plus sean hannity makes an appearance talking about big interview last night with Vice President elect mike pence. Meanwhile president elect donald trump continues the series of meetings today deliberating cabinet positions at trump tower, he will also reportedly meet with editors and reporters in the New York Times, news outlet he has sparred with certainly in the past before flying to florida for resort for thanksgiving holiday. Yesterday mr. Trump announced list of executive action that is he can implement on day one. Whether its producing steel, building cars or curing disease, i want to next generation of production and innovation to happen right here on our great homeland america creating wealth and jobs for american workers. On trade, i am going to issue a notification of intent to withdraw from the Transpacific Partnership a potential disaster for our country. Instead, we will negotiate fair bilateral trade deals that bring jobs and entry back to american shores. Maria joining us political analysts and trump supporter daniel, lawyer, author and liberal commentator. Theres a clear emphasis on job creation and creating fair trade deals. This is what he ran on during the campaign. This is what hes looking to implement asap once he takes office. Whats your reaction to what we heard yesterday from president elect trump . You know, i love that video release. Donald trump has hit the trump running at a speed that would make hussein bolt jealous. As far as the jobs, absolutely, he wants to make sure americans get the jobs. It sounds like he may do everify which has been ignored by the Obama Administration. He is going to he didnt mention it in this video, theres no question about the 35 tariffs of the Large Businesses leaving america like ford was about to do and totally decided not to, hes focusing on the proms he made during the campaign, many of which are i heard in person and actually discussed with him in oriental county, hes actually not hes proving that he wasnt lip service and hes actually taking action on these things. Everybody has to be impressed on this and hes making America Great again and the economy, so far reaction is to positive, how can you argue with it. Maria daniel, he seems to be ready to go on day one. How much time does he have . This weekend Vice President dan talked about how long he has in order to get things going. Listen to this. Focus on the transition, get the best people involved, theyve got a lot of bold ideas, theyve got a lot of change that they want to make and theres resistance in washington. Look, this was a change election. You have a real short window to get a lot of things accomplished and that short window is its more than the first hundred days, its till july, until midjuly until they took the august break, thats when youre going to get the majority of your work done and majority of legislation passed. Maria do you expect a lot of resistance in congress to these plans . No, i dont. Certainly the ones that trump has layed out in the twominute video. This reminded me a lot speaking of dan quayle. Obviously with reagan, the idea of trickled down economics, big tax cuts, things good for business, even infrastructure plan really seems to be pivoted around tax cut as opposed to spending. Most are going to be happy. Tpp is going to be problematic because republicans have been to push trade deals, any idea that you would negotiate bilateral trade deals as oppose to one might get pushback. Dagen a couple of things that donald trump did not mention in this video, he no mention of them were repeal of obamacare, repeal and replace, the wall on the southern border against mexico, tax reform, the iran nuclear deal. There are a lot of things he didnt touch on and what was surprising he didnt come out and say, im going to reverse president obamas executive orderer on allowing 5 million Illegal Immigrants to stay in the country. I dont mean this in offense, its lowhanging fruit and hes not taking on members of congress by leaving things out. He wants to leave options on the table with tax reform and with obamacare and maybe its signaling that the repeal and replace is going to take longer than you might think. Maria arent the things that he mentioned he can do unilaterally, he doesnt need to get with obamacare hes going to need to get those through congress. Dagen he could have talked about them, in the first 150 days we are doing Corporate Tax reform. First message to the public since elected. No reporters present to ask questions, will this be style in the future . But i guess my question would be to david, was this an effort to make it seem inclusive because this is such a volatile time post election in. Yeah, absolutely. This is the first video. His tweets, ive said this for a long time are mini press conferences. You can expect another one in all likelihood today or very soon. He would be doing regularly, introducing it bit by bit, plans for the next 90 days to six months and i think you can expect a lot of major changes. Hes not a man who is going to go back on his word as far as the wall, as far as obamacare. He cannot repeal obamacare Via Executive order therefore he didnt talk about it yesterday but he is going to go full court prez on it. Theres no question about it. Hes tuned in to what america wants and the reaction is extraordinary, but you can expect that while probably not a whole lot before thanksgiving, hes going to put the pedal to the metal and talk about every single platform issue he ran on and making that change and making it soon. Jon daniel, the markets like what they see so far, can you argue against it when the markets are giving him a big thumbs up . The markets like it because they are good for business. Donald trump ran as a populist, a man of the people, so we need to see what the people are thinking and if there are things that are good for people. The wall is going to be litigation, probably for more than eight years, long beyond the term. Iran is a multiparty deal, do we go with john boltons intervention. Theres complex issues that he left off the table and trump is realizing that campaigning and governing are two different things. Maria the idea of trickled down economics and his plan would be if you make an environment that is positive for business whereas youre lowering taxes and rolling back regulations, they will respond by creating jobs. Sure. Maria thought processes that itll be good for businesses and not individuals. Just to circle back on what you said. Jon he hits, he hits businesses that are importing a lot and benefits companies that are exporting so this can be uniformly just for everybody. Dagen you might see negative reaction, the fact that he said day one on Transpacific Partnership. Its done, over. You might see negative reaction because, again, that hands power to china. That universally, i think theres a lot to argue that thats necessarily great for all american even farmers and businesses. He did talk about Bilateral Agreement so maybe more specific with the individual countries and still sort of push china to the outside accomplishing the same thing but with better deals. Maria david, real quick there, the truth is now if the u. S. Is not in tpp at all he would have to do new deals with so many countries, separate bilateral countries with asian nations and perhaps that creates disruption and upset around it. The idea though hes going to put America First and hes not going to be concerned that the policies and the agreements and the contracts are going to offend other countries. That is in the past. That type of politically correct bargaining is finished and by the way the Rainbow Coalition that hes bringing in to add to his cabinet and beyond is really frustrating the Mainstream Media and its a wonderful thing to see and hes the president of all america. You will see that as well. Maria well, we are watching. Thank you so much. We will take a short break. When we come back a Deadly School bus crash in tennessee claimed the lives of at least six people including five children. Details on the charges the bus driver is facing this morning. 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Cheryl casone with the details. Cheryl good morning, maria. The bus had 345 students kindergarten to fifth grade on board. In addition to those deaths, more than two dozen other students suffered injuries, many severe. The bus driver 24 walker facing charges of reckless driving an endangerment. The bus was going well over the speed limit at the time of the crash. Well, one week from today hundreds of chicago ohare workers are going to walk off the job and protest for higher wages. They announce the day of strike yesterday missing the busiest part of travel season, they are going to join a nationwide day of demonstrations as fight for 15 which calls for minimum wage of 15 an hour. Fastfood workers as well as child care are taking part, 500 ohare workers committed to the strike last week and another 18 airports have protest plan but ohare only workers going out on strike as we know this morning. Mylan is refusing to testify in a congressional hearing next week chb le nowed on hearing over epipen and a letter to the Senate Judiciary committee, mylan said that executives wont testify because the settlement is pending. Overbilled medicaid for epipens. The house grilled mylan ceo heather brsekch about the price hike and they are refusing that invitation now. Maria all right, thank you, cheryl. Rebuilding the construction industry, the technology, how one companys innovation could make housing cheaper. Plus president elect trump taking second place in new poll, readers are putting another public figure at the top of the list for times person of the year. What do you think . Just ahead we live in a pick and choose world. Love or like . Naughty or nice . Calm or bright . But at bedtime. Why settle for this . Enter sleep number. Dont miss the ultimate sleep number week, going on now. Sleepiq technology tells you how you slept and what adjustments you can make. She likes the bed soft. Hes more hardcore. So your sleep goes from good to great to wow give the gift of amazing sleep. Only at a sleep number store, right now save 50 on the ultimate limited edition bed. Hurry, ends soon learn more at sleepnumber. Com know better sleep with sleep number. Maria welcome back, a big transformation is coming to the building and housing industry. Two leaders in technology are teaming up to create a platform to improve infrastructure and target the need for smart, affordable housing. Sketch to Scale Solutions provider flex and software developing Company Creating a joint venture called whytoformative. Good to see you both. Thank you so much for joining us, gentlemen. Lets talk about why they styeded to create joint venture, whats the important, mike . The opportunity is building industry is extraordinary. 75trilliondollar economy. 10trilliondollar construction business. Rib is the leader in Software Systems which is the whole frontend associated with the design, cost and time and at the same time we have flex massive supply Chain Company that works in many, Many Industries out for supply chain. We have integrate them Enterprise Software platform that integrates all the way through to Design Concept all the way through project completion. Maria i love it. Thomas, how is it different than xatists today in the industry . Its a huge need for affordable houses and for smart houses but the cost is too high so in the cities where its not enough space at the moment, so the target is to get down the price and using technology which comes from other technologies and we have developed a platform targeting real estate companies, Housing Companies in the big cities to build like automotive and when we get the price down 50 and create affordable and smart homes and infrastructure, if you build this in the future, so we generate for next generation living space and this is different because when the Technology Comes together with the supply chain, then we have what was in automotive in the 80s, the same direction, but now technology is cheap so it means cloud technology, there are all this internet, devices, so we have now infrastructure to use such technology and we can build, rebuild cities and infrastructure so that we have it ready for the next generation. Maria i love the way it sounds. We know that theres been Massive Movement of people from suburban places into cities and you make good point that theres not room and efficiently is important. What markets do you think that will target and impact the most, market populations, who really gets impacted . Well, we are going to start with residential and we will target all across the world. So this is a Big International company, Thomas Company in germany, he has over 10,000 customers with his software, we are going to try to focus on all three regions, but within those regions we will focus on china, asia, focus on the United States for the north America Market and germany for the German Market and target those residential large real estate and residential Building Companies that have units of maybe a thousand units or more per year that they do. Thatll be our first target and expand from there. Maria this is an important, i dont know if its a pivot but important expansion for flex to get this exposure to housing and construction. Whats interesting is we have 12 Different Industries where we have a billion dollars of revenue and when we have a billion of revenue

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