Transcripts For FBC Mornings With Maria Bartiromo 20170710 :

FBC Mornings With Maria Bartiromo July 10, 2017

Retail sectors, the chain struggles to turn things around and teslas first model 3, rolls off the Assembly Line and ceo elon musk showing it off on essential media, checking Global Market action futures searching for direction this morning, they pretty much been going nowhere at the moment. Dow futures up 3 and s p futures up 3 and nasdaq futures current i up 18. We will see how things shape up. In Europe Movement to the upside there. Cac quarante and dax up as well. Hang seng posting gains of sixth tenths of 1 . All right, Facebook Ceo Mark Zuckerberg maybe looking to branch out beyond tech, details on new report hes eyeing a bit for a Major Sports Team and the super hero welcomed tat box office, the new speederman movie swinging to the top in debut weekend, we have the full recap. All that coming up and with me this morning fox news correspondent Lea Gabrielle, happy to have her. Health care credit and Michael Gregory is here. And forbes media chairman steve forbes, good to see you all bright and early. Good to see you. Sandra everybody is coming off of fourth of july week, take a deep breath, big week politics and business, right, steve . Absolutely, conflicting reports this weekend, whats going to happen to health care, those are the two biggies that they dont get done, republicans as obama said slacking next year. Sandra steve, you set it up for us, Congress Gets back to work with health care and tax reform topping the agenda. Lawmakers are returning from a weeklong fourth of july recess seemingly more divided than ever on replacing and repealing obamacare. Two republicans are openly admitting the bill is probably dead. My view is its probably going to be dead, but i am ive been wrong i thought i would be president of the United States. [laughter] i think i fear that its going fail. I have reservations about the senate bill. Clearly the draft plan is dead. Is the serious rewrite is dead, i dont know. I have not seen the serious rewrite plan. Its a heck of a way to do business . It is a heck of a way to do business. Sandra President Trump also weighed on the subject tweeting for years even as a civilian i listened as republicans push the repeal and replace of obamacare, now they finally have their chance, joining us republican senator luther of alabama. Fair point to make, right, good morning to you. A very fair point. Ive only been in washington for four months and im still not used to ways of washington and odd that we have made all the promises, we have limited time to get it done and here we are still talking about it. Sandra hard to believe. The promises were there. You heard it all along in 2016, repeal and replace, here we are, no plan. No, they didnt really have a plan and one of the things they didnt really foresee at all on the whole conundrum of medicaid, states got addicted, a lot of them got addicted to socalled free money they had and how you reform medicaid is a real problem. Sandra thats a real sticking point, senator. Steve makes a great point. We didnt expand medicaid program. We let the state be creative. Now you have a lot of state that is expanded governments and like every other government program, its hard to give it up once you get it and thats the krux of the debate. Sandra now we talk about whats with tax reform down the road, can they get something done in health care . Im still optimistic, i havent been there long enough not to be optimistic and reince is right. Thats why i have proposed along with my colleagues to that we stay in august, we cannot take august recess with all the issues pending when hardworking alabamans and americans are wondering what is going on. Im very hopeful that we do. I think we will get it done. Senator, what does it take to get it done . Mcconnell has a 200 billiondollar war chest to spend to apiece the moderates with increases in premium subsidy and patient coverage. What does it take to get conservatives on board in your view . I would like to see more market Oriented Solutions and we have to have a Sustainable Medicaid Program if we are going to have one. Its not sustainable right now and so i would suspect baby steps, you have reconciliation. But i think its possible, i think what will make the difference to get it done will be the president s personal involvement, hes been involved with me and others and over the next two weeks you can see that happen. What are your thoughts in trying to get democrats involved. Do you see opportunity to do consensus building, i know youre big supporter of prolife provisions. Do you see a way to come together and try to form consensus. There are a number of things the democrats would like to see and end up getting out of the whole bill if theres a compromise. Unfortunately right now their position is to do nothing. The house is on fire and standing on the side of the road even though they started it and their strategy is to let the republicans, quote, fail to get a compromise and come in politically and worst thing that can happen the best thing from their standpoint for us to fail and take the senate back and possibly the house and get single payer ultimately. Sandra speak offing that senator, the idea of singlepayer health care has been gaining traction between house and Senate Democrats in recent weeks is this idea attractive to you or not . Thats a terrible idea. I think weve seen what government involvement in health care does. I want to go in the opposite direction but the democrats are fairly well unified in this. If we get them another chance they get control legislature, senate, they will two to singlepayer. The democrats won this narrative by convincing tens of millions of people that will be thrown out of the street, just a matter of how many are going to be suffering. How do we reverse that . I would like to say that we will get better at. They are totally united and when i go home, you literally run into people that they they are millions of people dying in the streets. We are the most generous nation in the world. We always take care of people. Sandra thats the message democrats have been selling. Do you believe republicans have been weak on selling on their views on this . I have a few message points that maybe helpful. In nonexpansion state, theres a safety net funding and theres going to be bypass two billion that ramp up to 8 billion in 2024, being a state that didnt expand medicaid thats not over burden with that increase in cost and now budgetary issues, theres a Silver Lining . There is. I mean glad you say that and number one priority is making sure that alabama is not mistreated. In terms of the narrative and how we sell this, what i hear more than anything else is congress do something, you promised to do something, fix this, fix it in a way thats not just conservative but involves common sense. Thats the narrative i would like to see us pursue. What are your suggestion ifs you cannot come up with a consensus just trying to repeal and then come up with something to replace . Well, i think common sense will tell you and to keep our word and give confidence to the people we should repeal it, allow some time period to see if democrats will come and negotiate with us and get it done in a couple of years. Im told thats not possible, im not sure why. How you support insurance markets, the fallback that im hearing now, im not sure how that would work. How much real flexibility can you give governors, a lot of states want to do real reform in medicaid, indiana absolutely. And kentucky is doing it, alabama you mentioned. So if you can pay now but get flexibility, thats going to save a bunked until the future . Absolutely. We need to put more power back to the states, the Health Care Decisions is closer to the people, im all for that. Sandra all right, senator, this morning a big headline russian med until the election because a lot went on over the weekend. President trumps eldest son saying he met with russian attorney last summer after being promised damaging information on Hillary Clinton following the New York Times report about the meeting, trump, jr. Said the lawyer had no meaningful information and the discussion quickly changed focus on policies, on russian adoption as Michael Walsh writes an oped, in tend the lawyer got nothing, got nothing in return and a meeting that lasted 20 meeting is that a scandal . It is not a scandal based on what i know and understand about the information. I have to be honest, as i travel the state, nobody asked me about russia and russian involvement in the election. People assume that had they tried to. But they also know that we have a Justice System and congressional investigation that will get to the bottom of this. Sandra was it wrong to have agree today such meeting in the first place . A guy thats International Business person gets connected through a friend, probably not something just getting used to the environment hes no now, probably wouldnt do it again, i dont hold that against him. Ive known donald trump, jr. , a man of integrity, a standup guy, this was a 30minute guy, nonissue. He may not need counterintelligence training when its a business meeting and its not going the direction its going to go, it sounded a short meeting for that reason. I do want to bring the counterintelligence, the russians are slippery and they do use poise and they dont really have counterintelligence briefings like we probably should for people who are candidates because when youre new to the game of the International Politics and the way the russians tried to use this type of ploy to get you in and influence you, its important for our politicians and our new politicians to understand how they operate. Excellent point. Thats one of the things that they do with senators as you come into office. They make it clear through security. Every senator knows there are all kinds of methods out there to get you compromised. Sandra lovely to have you, senator. Can i get this in there, go tigers. [laughter] shes a real athlete so you can say go tigers. [laughter] sandra im coming back all of the time with those complements. Trouble for sears, company shutting doors at another 43 locations across the country. Changing retail landscape next. New speederman spins a spiderman spins a web at the box office. We will have that next today, were out here with some big news about type 2 diabetes. You have type 2 diabetes, right . Yes. So let me ask you this. How does diabetes affect your heart . It doesnt, does it . Actually, it does. Type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. You didnt know that. No. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. So now that you know all that, what do you think . That its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. Sandra wild fires scorch thousands of acres in california. Cheryl casone has the latest there, cheryl. Cheryl good morning, sandra. All of this combustible in the state. Wild fires baring down forcing thousands to evacuate over the weekend. This morning the alamo fire is threatening hundreds of homes and burned 24,000 acres. Crews have it about 10 contained. Nearby on saturday the fire trapped more than 200 people near popular lake site campground including 80 children that were in the barriks. We had no way to get them out and all back there keeping those kids safe and they road it out with them for hours, literally hours until it was safe to get them out of there. Cheryl that fire only 5 contained. What made matters worst, temperatures climbed 110degrees yesterday and then in los angeles more than 130,000 people lost a cause of fire under investigation. Another headlines for you this morning, sears is shutting more stores as the chain straggles for profitability. The retailer also plan to go reduce the size of less Competitive Stores in an effort to cut down stocks. The stock down over 44 in the past year, bit of a rough chart on this one. Super hero craze, no sign of slowing down. Spiderman swupg, swung, get it, to the top of the box office. I dont understand. Im intimidated. Cheryl 117 million in the web. Im trying. 34million, that was the second weekend that it brought in several Million Dollars. As you can see, sandra, wonder woman still kicking booty at the box office. Sandra you know it was a really hot weekend. It doesnt surprise me that people went to the movie, airconditioning movie theaters, sound good. The 43 stores, michael, you took keen interest in this why . Its not just stores but jobs, if you look at the carnage in equity market its not just sears, its target, macys. Sandra is this an amazon problem, is that whats going on . Its an amazon problem, ecommerce is 8. 5 of retail. What happens when amazon is 10 , these stores and these companies arent right sized to absorb increase shock in volume. The margins are tight and the sad irony of sears it began as catalog business and now in effect we are going thank catalogs on the web and sears expanded enormously in is suburbs became the top retailer. They had to go back to origins of selling this time electronic mail instead of snail mail. They want to keep peep coming to stores because its so much easier doing online. How they can create a better Shopping Experience for people. Sandra im the youngest of the family of eight. They are 10 of the market. They lose. You know why we used to go to sears all of the time, the family portraits. I have to try outfits on. I cant buy them online. Sandra coming up. One wimbledon player racks up 15,000dollar fine for bragging about his wealth. The outrage over what athlete Bernard Tomic said next. 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Every single one of you is on our list. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. Sandra home run derby is tonight as Major League Baseball enters the allstar break, jared max joins us with the surprise of the season, jared, good morning. Jared good morning. Houston, the rest of the American League has a problem, the houston astros, one of only five teams the last 40 years to enter the allstar break with 60 wins. Yesterday historic victory for the astros. Second inning against toronto blue jays, hit 11th home run of the season. Astros were getting started. The next inning, baseballs batting leader jose would smash a tworun home run. 347 at the break, first player since george britt in 1976 to get hits in straight games. Astros built a 190 lead, they beat blue jays 191. Houston opened 151, now 51. Houston 60 wins already. Nine more than all of last season. Lets take a look at some of the baseball leaders as we enter the allstar break. 30 home runs, jose hitting. 347, dodgers clayton kershaw, best in baseball and max. , the tomic been fined. He was bored during first match and expanded, i work ten hours of day with my father, having no money in my life when i was 15, we were driving a 500dollar car and now we have millions and own houses all over the world and wimbledon three big matches today. Roger federer and rafael nadal against gilles mueller. The worst of the injuries were absorbed by one of the race favorites, richie port lost control on a highspeed decent toward the end of the stage, 70 kilometers and right into a rock, suffered a fractured collarbone and he is likely done racing for the year. Scary time at the tour tour de france. This video was everywhere yesterday. Sandra meanwhile Mark Zuckerberg is reportedly eyeing the purchase of the English Soccer League team totenham but thats not what the british newspaper, the sunday times is reporting, can you give us the background first.

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