Transcripts For FBC Mornings With Maria Bartiromo 20170127 :

FBC Mornings With Maria Bartiromo January 27, 2017

They will meet later today. They will hold a joint News Conference this afternoon and tomorrow the president reportedly will speak with russias president Vladimir Putin. A warning for the next time you pick up your phone. They authorized charges on your credit card. Along with starbucks. Both reporting last night the report dash mac results results that were disappointing investors. Check the markets right now. Theyre searching for direction this morning after another record high yesterday. Its up just a fraction. And same same with the nasdaq composite. Fractional moves here to tell you about. In Europe Markets are mixed. In asia overnight mix performances as well. Take a look at the shanghai composite. And ek average was up a third of a . The 50th anniversary of the apollo one fire. Nasa is opening a new exhibit to monitor the crew. In joining me to talk about it is my team. Happy friday. Its always a great morning with talk about that. This week has been no shortage of things to talk about. I cannot keep up with everything that President Trump has done in his first week. And even what is on deck. This is just the beginning. He has been so proactive theyre saying hes getting to work. This is actually happening. We will get you those as soon as we hit the tape. And senior fellow to the american enterprise. Scott brown is here. The former nuclear ip leader. Jimmy hoffa joining us this morning. The cofounder. A lot to come. As a do stay with us. Backlash on the border wall. Mexicos president tweeting and that he will not attend a meeting planned next week with present donald trump. After the commanderinchief double commanderinchief double down on his command to build a wall and have mexico put the bill. Trumps administration for the possibility of putting a 20 import tax on mexican goods and for the country to pay for. The White House Press secretary. They weigh in on the issue. The president of mexico and myself had agreed to cancel our planned meetings scheduled for next week. Unless a mexico is going to treat the United States fairly with respect such a meeting would be fruitless. Using comprehensive tax reform as a mean. If you tax at 50 . By doing it that way we can do 10 billion a year and easily pay for the wall. To our group yesterday. Roughly 12 to 15 million dollars. We attend to address the issue ourselves. After the meeting between the two leaders was canceled the value of the mexican peso went down. It has been reacting to every bit of happening out of mexico. When you think of this. When the value decreases is about problem for the trade deficit. Its interesting to see him go back to that 20 tax here. He seems now to be talking about that. As a way to pay for this wall in it will be interesting to see if he continues to go in that direction or what can a backlash we get because of course any tariff ends up hitting consumers and he said we dont want consumers to pay for this. I think he is hitting on something that there is a deeper meaning to what trump was talking about in terms of taxing imports and the United States. And is bridging the gap. Exports would not be taxed and the thinking is is a dollar increases that would lessen the impact of the taxes coming in on import. Its a way of simplifying our tax code. This is a 1 trilliondollar revenue raiser. It would more than be covered by this border adjustment tax. The wall street journals headline on this is the trump attacks. The tax plan. Again this is positive. The story and the New York Times is based so can fusion. No they didnt. Anybody who understands how it works knows it doesnt sell confusion. There bridging the gap of what they need to get done. I want to get your take on what Lindsey Graham said about this. I bash the idea pain for the border wall by taxing mexican imports. Border security yes. Mexico the Third Largest trading partner. A huge barrier to economic growth. Any policy proposal which drives a profit is bigtime bad idea. Mucho sad. Its funny but the problem that were facing right now is the half of america thinks this is great theres the other half that scared and saying this is not good. Im worried about the impact its all can have on me. What are they scared about. They were trying to paint donald trump is dangerous. Donald trump and the first week had backed up almost every one of his Campaign Promises. Are you incorporating the expectation that the dollar moves into this whole cost. The theory and is a theory behind the border adjustment tax and there are a lot of industries they dont like the idea of an import tax because it would hurt because the import import so much whether its commodities or goods made overseas. Theyre concerned about it. In theory the dollar rises and that would offset the tax on imports because they become cheaper. Look at what that dollar has done in an economy getting better. I dont think thats out of the realm. I think thats very acceptable. It does become a tariff attack and i think thats what Lindsey Graham comes in here. When donald trump criticized the border adjustment tax the thing he said is its complicated. I think thats what u. S. Consumers with the. Im assuming this would be broadbased tax policy. A friend of mine who is very smart who does not work in finance text to me yesterday and said tequila, more expensive really. This is a big subject and its a big issue for viewers. We will keep talking about it this morning. Google parent alphabet reported last night. Leaving investors unimpressed. How starbucks is taking a hit after making orders even easier for customers. Maria to florida teens in custody this morning accuse planning a mass shooting at their middle school. The 13 and 14yearold suspects are both students and a middle school and the small town of lady lake. 40 miles northwest of orlando. They learned of their plot from rumblings among other students. The younger sestak told police of the plot. They found weapons at both teens home. They are charged with conspiracy to commit murder. So far the flames have killed 10. One firefighter and two Police Officers killed trying to evacuate families. As of wednesday they had reported 85 wildfires since november. They were scorched to combine 737 square miles. More than twice the size of new york city. Another big morning for earnings. And then you have alphabet shares. Disappointing Fourth Quarter. The Parent Company missed on earnings. They posted 936 per share. Twentyeight cents shy of analysts expectations. In a higher tax charge weight on their bottom line. And then you had disappointing sales. The coffee chain reported budget stunted growth. Credit scores driving away potential customers. They had been with the global popularity of mobile ordering. Shares are down we should say and the premarket. Heres the thing. Basically congestion at the handoff counter is causing income mean customers to leave without buy and even though the register line is short. Its the unintended consequence. I wanted a copy as well im sitting there waiting and so may people waiting for their coffee to come out its like a nice idea to wait but its to any people in one spot. And theyre supposed to be the experience place the place you go to get away. And when you walk it in and feel like its getting a cattle call. I wont buy starbucks last week in washington. I will just drink red bull. Its too bad because you think it would help business with the automation. And yet its turning people away. We have john bolton coming up. Thersea may today. What to expect for that relationship between the u. S. And the uk. We will talk with it. Bolted and then its a trap. Using a simple question can you hear me to authorize charges on your credit card. Hi my name is tom. Im raph. My name is anne. Im one of the real live attorneys you can talk to through legalzoom. Dont let unanswered legal questions hold you up, because were here, were here, and weve got your back. Legalzoom. Legal help is here. This is one gorgeous truck. Special edition. Oh, did i say theres only one special edition . Because, actually theres 5. Aaaahh ooohh uh holy mackerel. Wow. Nice. Strength and style. Which ones your favorite . laughr come home with me trade up to the silverado 2500hd all star edition and get an average total vaover 11,000 when you find your tag. Find new roads at your local chevy dealer. 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Youll see what a fair price is, and you can connect with a truecar certified dealer. Now youre even smarter. This is truecar. Welcome back. For relationships. Thersea may later today. Will take it to that conference whatever they say life. There are key issues on the table. Its coming after thersea may warned the gop leaders about russian president Vladimir Putin. When it comes to russia when its rice to turn to the example of president reagan who during his negotiations with his opposite he used to used to advise by the adage trust but verify. With president putin my advice my advice is to engage but beware. There is nothing inevitable about the conflict between russia and the west. And nothing on the void of all that retreating. We should engage with russia from a position of strength we should build the relationship systems and processes that make cooperation more likely than conflict. President trump will speak with him on the phone tomorrow. They have a phone call scheduled. Between since present trump took office. The author of red notice. Good to see you. Thank you so much for joining us. Im happy youre here because you really have the story and the background with russia which you and i had spoken about many times for stuff what is your expectation of what happens on that phone call between the president and Vladimir Putin tomorrow. We heard President Trumps sweet that he admires Vladimir Putin, weve heard the russian celebrated with champagne that trump was elected. I think trump is going to lift shang sections tomorrow. What are the implications of that . At the good be a disaster for that security and safety of the world. Basically putin invaded and took a foreign country he has invaded ukraine. He has re drawn that borders of europe and the west got together and said you cant do that. You cant be rolling over borders these days. And all the sudden for nothing to take sanctions away. I think its a very bad idea. Yet one point where the single largest investor in russia through your fund and you had traveled back and forth all the time because you were checking on companies. Then you became activists you started saying things like i want them to buy back stock i want to be paid dividends i dont want corruption what happened then. I wanted them to stop stealing billions of dollars when exposed to the ceiling i was sent stopped at the border coming into the country i was arrested, i was detained and then i was supported and declared a threat to National Security thats when my problems really began. They rated my offices i hired a young lawyer. He investigated he discovered after the raid at the Police Together with a bunch of officials stole 230 million of taxes that i paid to the russian government from the russian government. He was then arrested tortured for 358 days and killed on november 16, 2009. He was killed in jail. For not withdrawing his testimony against the corrupt Police Officers and signing a false confession. We have all of the documentation with the protocol where the guard finds the piece of paper saying we did as we were told and beat this guy. At this point your business is dead. After obviously your lawyer is killed thats a big story but then you have nothing. Then what happens. After he was killed we have a whole bunch of evidence on this. I expected that he would prosecute the people that killed him. Instead he stepped in. Give them special promotions and then they put my lawyer on trial three years after they killed him and the first ever trial against a dead man in history of russia. In response to that i went to washington and i got a piece of legislation passed. Which imposes sanctions on the people that killed him and the people who do similar types of human rights. Past the house of representatives. President obama who didnt want to do anything tough signed into law on december 142. You obviously are not managing money in terms of russia assets anymore and you feel like you know russia personally and you understand that this is a bad guy. He is a crook he is like Pablo Escobar except he is Pablo Escobar with nuclear weapons. He has said complimentary things about having a relationship with them but do you think hes naive as far as who he is. Ive seen every president. We saw george w. Bush said i looked into putins eyes. Twentyseven meetings later he didnt feel that way. What is wrong with having russia as an ally and not necessarily talking about that. Beware. He has no interest in being an ally on anything. In destabilizing has part of the world and being able to carry on and do his crimes. He shares no values. They will talk on the phone tomorrow. I dont think theres an expectation that theyre going to be rolled back tomorrow. He wakes up every morning and praise for sanctions. Who is in more peril if in fact he gets even stronger. Europe is a closest place to russia. Theyre the ones that the borders are being redrawn. If he starts to redraw the borders and all the sudden theres a war hes getting get sucked into. Into the whole purpose of having security instability is so that we can all live a prosperous in normal life. And giving putin a green light. We will see will see what happens. Hes gonna take that phone call tomorrow. We will have news on this afterwards. A tough first day. Nikki haley expected to address the media this morning. Nasa remembers of the fallen heroes. When three astronauts lost their lives. A look at the tribute coming up. 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 if something doesnt seem right. At bp, safety is never being satisfied. And always working to be better. At bp, safety is never being satisfied. bell chimes nice work brother dominic. Now we just need 500 more. Translated into 35 languages, personalized oh and shared across the 7 continents. other languages spoken look abbot, i got it. Its a miracle. Maria tgif, good friday morning, im Maria Bartiromo, it is friday january 27th, your top stories, 6 30 a. M. On the east coast. Team trump gets to work. Some of that, anyway. Newly confirmed u. S. Embassador nikki haley gets ready for first day on the job but the status of secretary of state nominee Rex Tillerson still up in in the air. As i said on my first day on capitol hill, with Great Respect to members of house and senate, buckle up, we are ready to go to work. People stopped me once or twice and comed up to me and said, youve been awful busy but you dont look that tired, i tell them to be around President Trump is to be someone of boundless enthusiasm and its contagious, you saw that today and you can get used to seeing that. The truth is, im very confident we will succeed. Maria the very latest on the First One Hundred days coming up this morning. Well, can you hear me now, the scam that will make you say no to the classic question. This is an important one. We will bring you the story. Earnings in focus on wall street, microsoft, reporting rongesults last night led by Cloud Business. We wilbreak down the numbers as the sto is tradg up in the free market. Thats helping part of some of the market today, some of the averages today, fractional move coming off of a record high, of course, dow 20,000 this week. The dow this morning looking up fractionally. S p 500 fractionally negative. In europe, take a look at indices. The dax index in germany down a quarter of a percent. Shanghai composite and kospi were closed for Lunar New Year. Remembering the fallen, how nasa is honoring the astronauts of apolo one on death. A dogs purpose, looks for a big win but will recent controversies kill chances of top spot. We have the preview ahead of the weekend. New u. S. Embassador former South Carolina governor nikki haley expect today address the media this morning as she marks her First Official day on the job, joining us right now u. S. Embassador to the united nations, senior fellow and Fox News Contributor john bolton, embassador, good to see you, nikki haley has a tough job ahead. The New York Times is reporting that President Trump could sign executive order to ri deuce funding. Shes looking at big cuts funding. Thats the only way people Pay Attention to the United States, uncle sugars money is not coming automatically. Im really optimistic about nikki haley doing well in the un. I talked to her

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