Transcripts For FBC Mornings With Maria Bartiromo 20170628 :

FBC Mornings With Maria Bartiromo June 28, 2017

With a cyberattack waiting on sentiment as well. European markets edging lower. S p 100. Capra went on a third of a percent. In asia, declines across the board. Hang seng index down two thirds of 1 . Health care reform on hold. Senate Majority Leader Mitch Mcconnell joining the vote until after the july 4th recess. President trump met with the white house yesterday. He called on them to come up with a solution. We have really no choice but to solve the situation. Obama carries a total disaster. It is melting down as we speak. Maria we look at the implications for the rest of the agenda this morning. A sheriffs deputy shot in the face that the suspect now in custody. A couple stocks to watch on earnings news. Those results ahead of the open this morning. Revenue expected to decline a year ago. Investors watching General Mills today. Sales missed expectations for three state quarters. General mills down 1 . Blue apron gearing up for an ipo. It will start training tomorrow facing headwinds as he tries to ward off the customer. Joining me to talk about it Fox Business Network Dagen Mcdowell, Goldman Sachs Peter Kiernan and ceo Fox News Contributor robert wolfe is with us. Great to see you. Maria great to see you. Its been too long. I was off monday and tuesday. They cant afford to get back with you. I watched you both. Maria here we are ahead of the july 4th recess. The boat is in until the end of july. I dont know that this is as much a blow as a lot of people are talking about. The whole time they went to get this done before the august recess. Not before july 4th. Over the Recess Committee democrats and organizations behind them are going to be a robocall for move on. Org fame did you know 20 million americans will lose their health care because the republicans . Theres pushback they would each get those numbers in the move on. Org callers. Its Common Knowledge. Really thats Common Knowledge . The republicans dont have the messaging in place to counter that. They havent and they still dont. Maria its been an issue for a long time. Be back to july 4th deadline was always ambitious. This is going to be good for the process. Take some time between conservatives and moderates and its something people can vote on. A tax reform and 2017. All the stories coming out to join in the conversation, judge Andrew Napolitano is here. The iraq war, anthony said he the general will join us. Haley barbour will wait and alabama senator Richard Shelby with deregulated the Financial Services business. Increases richard fame. You dont want to miss a moment of it. Stay with us. A top story at capitol hill for Senate Republican leaders are postponing the vote on the bill to repeal interface obamacare until after the july 4th recess in hopes of rounding up enough support. Announcing the news, Majority Leader Mitch Mcconnell insisted the repeal effort was far from over. Not be on the bill this week still working towards at least 50 people in a comfortable place. Legislation of this complicity almost always takes longer than anybody else would hope. We are going to press on. We think the status quo is unsustainable for all the reasons weve discussed over and over again. Were optimistic well get to a result better than the status quo. Maria later in the day gop senators huddled in talk about the path forward. For the country, we have to have health care. They cant be obamacare which is melting down. The other side is saying how certain things before they even knew what the bill was. This would be great if we get it done and if we dont get it done is just going to be something we are not going to like and thats okay and i understand that very well. Maria farmer eli is lowly health and Human Services deputy secretary. Good to see you, alex. Thanks for joining us. Maria, good to see you. Trying to tell us from your standpoint how they Health Care Bill took two tries to pass. This is the second for the senate. Is this part of the process or how do you see the spending bill . This is completely part of the process. You could release the bill in the cbo score coming this weekend it to a vote already. This is what ive been telling folks in washington. But the Republican Leadership has failed to do is articulate where they are trained to go. We know the problems the obamacare, but we havent done a good job explaining what we are trying to do with replacement and fixing it. Youre trying to basically comes from your conservative and moderate wings together. Get rid of the individual subsidy entitlement and Medicaid Expansion. They want to keep the Medicaid Expansion basically assays and create greater individual and state flexibility. A pretty wide gap, but i think they will thread the needle, give Mitch Mcconnell enough time. I think they can do it. Maria its exactly what Dagen Mcdowell just said. Transfer you want to point out the 22 million number was slightly higher in terms of the number of people will not have insurance in a decade. This is based on the current projection. Its because they choose not to buy it because these bills get rid of the individual mandate and the employer mandate, which is really hurt small businesses. I dont think that its about bill, but it is financially oriented. It is meant to fix the mushrooming problem that is medicaid, returning it for going to block grants for being an openended entitlement. It is about the finances. Its about cutting taxes in this country that have hamstrung businesses that have smaller businesses from hiring. In terms of messaging, people want more health care. They want Cheaper Health Care and they dont message on that. Alex, robert wolfe. How are you . I agree with you on the idea that theres a good chance to thread the needle here. It seems to be there or three buckets of naysayers. You have Something Like nevada was just a struggle for him but this upcoming election and 18. Then you have the other bucket of conservatives who want government out of the way. And then you have the other bucket but the moderate they care about planned parenthood, opioid abuse and medicaid going on whether its important to murkowski and so on. It seems to me as you change one, lets just say its easy to align with conservatives because thats what the house is. It makes it very difficult in my opinion how they hold the moderate together. How do you see that kind of, you know, negotiating not . So, the real gift to Mitch Mcconnell has is the cbo score gave him about 200 billion that saving about the house bill. That is really money he can play with under the reconciliation rules. What is going to happen over the next week and im sure they were already doing this is working with collins and cassidy and other moderate votes to see what can they do to shorten medicaid funding, may be scaled back this pope for federal matching cats and medicaid. Maybe opioid grants for caputo. Go through the list. Thats 200 billion there. I think the moderate side of this is easier to solve. The conservative side fundamentally a tribute to get rid of the Medicaid Expansion. This bill does not get rid of the Medicaid Expansion. It scales back the enhanced federal matching grants on the expansion and slows the rate of growth as a result of federal expenditure and medicaid. It also keeps and reaffirms a 350 federal Poverty Level individual subsidy for insurance. That is a tough pill to swallow for conservatives who just want straight repeal. Thats where its going to get difficult. Theres so much in your appealing a freemarket conservative is. Maria it is not cuts. Its slowing the growth. Youre at the white house earlier this week with the president. He spoke to Vice President mike pence a few weeks back. When you hear in the administration . Can you give us any interns at the white house this week . The white house and hhs can that people are optimistic. They thread the needle here. Its going to take time. This is historic legislation from a freemarket conservative is, which is you get the largest entitlement reform in the history of the republic with medicaid. He will put medicaid on a more sustainable footing Going Forward and empower states to run medicaid instead of an openended state of individual entitlement his states accountability and responsibility for managing the program. You are going to shore up the individual market collapsing under upon a care. You look at the cost sharing subsidies the next three years. We affirm some of the markets can call down about that. Lower premiums because you fixed the federal regulation screen of the individual market under obamacare. Maria that was an important point that the premiums will be downed in the double digits pretty significantly. You see a lot of volatility in the health care stocks, biotech etf is up 9 and three not days. What a vestige of people trying to trade every twist and turn of whats going on in washington . I would say dont. Dagen saari answered the question for you. If this legislation goes through, they will be important tax cuts coming for the pharmaceutical industry, device vendors re, will be really important. Betting on the timing of those than the size of those, it may be that the 200 billion that Mitch Mcconnell now has available to make deals with is enough. It may be that he needs more in which case maybe there is a one year further delay in the repeal of various taxes to create money. We dont know whats going to have to happen over the next couple weeks to bring the moderates on board and it may take more than a scott. Maria weve got more on that. Dont trade the development right now. Good to see you. Thanks very much. Alex cesar joining us. Cybertech sweeping the globe. Now hitting a shot. Authorities investigating a separate incident where a Nuclear Plant was preached as well. Weve got this after the show. Monsanto to release the quarter earnings a day after california with one of the popular weed killer ingredients as cancercausing. That is next. Casper makes one perfect mattress. Supportive and comfortable. Premium foam layers. Breathable for airflow. Perfect rebound, plus perfect lift. Pick your size, you get 100 nights to test it out. Test the layers, be a layer, casper. Welcome to holiday inn thank you wait, i have something for you making every stay a special stay. Holiday inn, smiles ahead. 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Visit cancercenter. Com breast Appointments Available now. Maria welcome back. Breaking news of the neck of the massive cyberattack. Energy firms from the now big pharma spreading through asia and australia now. The attacker shut down a major terminal in india upper right by america. This hour some three dozen users have been affect day in fact did. Bring in right now gregory keeley. Thanks for bringing the conversation. The new rant somewhere was first detected in kiev. It has the Chernobyl Nuclear facility to shut down. Now the u. S. Are investigating if the ransom or could have reached a Computer System as a Nuclear Power plant. Whats your reaction here . Good morning, maria. The best way to describe this, we recall just a few weeks ago today, both we are calling now a westernized and targeted version of that. This is a much more malicious attack. My money if i was a betting man would be on russia. Maria on russia. How does this infected 300,000 computers . This is the other part of the equation. This is meant to be of a similar attack. What we are seeing here is behind this goldeneye attack and there was only big coin established. There is only one email address in germany which was within a couple hours of this becoming known. If theyre really spending all this time to develop a ransom or to collect at the dems, theyve done a pretty bad job about it. In selma as potentially a statesponsored sort of denial. One of the things that troubles me when i look at this is the initial response is to look for a vaccine. Some sort of care for this particular issue. Whether the broader implications . What are we doing at the battlefield expands and more people get it goes to something that may have started in kiev that certainly wanted to wpp advertising agencies. With the broader implication here . People need to get off the bus and look after their security. You look at a household right now. A General Household is not unusual for 20 or 30 devices. They are made with no security. People are not protected. Thats equivalent of a small, Medium Enterprise was the year or two ago. You need to be patchy knows. This whole inoculation idea, thats not a cure. Its not a fix. The fix out there right now, the guys have run it down. It is not a fix. That will protect your machine from infection, but it wont clean your machine. What is the solution here . This rant somewhere running Microsoft Windows vista and find deep. Told to get 300 in ransom. Youre saying dont pay any ransom. Arantxa right now if youre trying to fight a rant than, as of last night there was no way to pay the ransom because German Authorities shut down the email account using to collect the money. My intelligence is telling me theyll make collected approximately 3000 three, 4000 overnight in the email account was shut down. This is really shoddy. If ransom or as extorting money with what we are trying to do. You mentioned a shed. All those machines from households to enterprise to business, so many machines in asia that unlicensed products. They run microsoft office. Those products are never updated, ever. Good point, gregory. Good to see you. Coming up, an officer shot in the face while on duty in sacramento. The suspect is now in Police Custody after a s. W. A. T team found him in a motel late last night. Well bring you the details. Follow for google after antitrust regulators that the company was to play 7 billion in fines paid by the Search Engine will face years of oversight as a result. Next. Back in a moment. Maria welcome back to california surest deputy were shot in the face after getting in if i would suspect suspect. What is the story . It really is. Good morning. The deputy is now in stable condition we can report. All this happened late last night in sacramento county. The first radio to say he was an affair with a suspect our platform two minutes later your radius back in bed not clear what started the fight. Suspects have not been identified. The s. W. A. T team did find the suspect after they searched around by room hotel. He actually ended up hiding out. Kind of a dramatic scene there. The record to put 7 billion antitrust find factor in google by the e. U. Is really serving as a warning to other tech companies. Wall street journal reported in the ruling could push google another Large Tech Companies how they could profit offerings. The question comes when they introduce major innovations like the google Search Engine became the gateway to the internet pictures like alphabet under pressure in premarket trading. The e. U. Really going after American Technology companies. General mills will port their results before the opening. Seventyone Cents Per Share and monsanto also set to report before the bell. Expecting a profit of 1. 76 per share. Earnings continue and well see how the gnostic in particular race. Trade do great point, cheryl. What do you think about that . It goes very good. Go to any city in the country. We are building, growing, hiring low volatility, low interest rate, this is a pretty good win to have better back. Not only earnings, but revenues at but revenues that fairness is secondquarter. Maria one of the up sides in the First Quarter. Although we havent been in a rising rate environment, even europe is talking about doing some of this stimulus. It shows that the Global Economy although still slow relatively is chugging along at a pace well enough to have growth. Is used to be the u. S. Is the only one really growing in china. Lets hope for a stabilization of oil prices that will be key for the second half of the year. Trante

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